Property, Plant and Equipment Disclosure
Asset Age Ratios (Summary)
Average Age
Estimated Total Useful Life
Estimated Age, Time Elapsed Since Purchase
Estimated Remaining Life

Becton, Dickinson & Co., balance sheet: property, plant and equipment

US$ in millions

	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017	Sep 30, 2016
Land	137)	166)	164)	173)	146)	151)
Buildings	3,264)	3,082)	2,842)	2,724)	2,496)	2,397)
Machinery, equipment and fixtures	9,300)	8,454)	7,932)	7,405)	6,584)	5,749)
Leasehold improvements	241)	217)	190)	183)	163)	122)
Property, plant and equipment, gross	12,942)	11,919)	11,128)	10,485)	9,389)	8,419)
Accumulated depreciation and amortization	(6,549)	(5,996)	(5,469)	(5,110)	(4,751)	(4,518)
Property, plant and equipment, net	6,393)	5,923)	5,659)	5,375)	4,638)	3,901)

Based on: 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30).

Download chart

Item	Description	The company
Property, plant and equipment, gross	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Becton, Dickinson & Co. property, plant and equipment, gross increased from 2019 to 2020 and from 2020 to 2021.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Becton, Dickinson & Co. property, plant and equipment, net increased from 2019 to 2020 and from 2020 to 2021.

Becton, Dickinson & Co., asset age ratios

	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017	Sep 30, 2016
Average age ratio	51.14%	51.02%	49.88%	49.55%	51.40%	54.64%
Estimated total useful life (years)	18	18	17	17	23	18
Estimated age, time elapsed since purchase (years)	9	9	9	9	12	10
Estimated remaining life (years)	9	9	9	9	11	8

Based on: 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30).

Download chart

Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Becton, Dickinson & Co. average age ratio of depreciable property, plant and equipment deteriorated from 2019 to 2020 and from 2020 to 2021.
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Becton, Dickinson & Co. estimated total useful life of depreciable property, plant and equipment increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Becton, Dickinson & Co. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.
Estimated remaining life		Becton, Dickinson & Co. estimated remaining life of depreciable property, plant and equipment increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.

	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017	Sep 30, 2016
Selected Financial Data (US$ in millions)
Accumulated depreciation and amortization	6,549)	5,996)	5,469)	5,110)	4,751)	4,518)
Property, plant and equipment, gross	12,942)	11,919)	11,128)	10,485)	9,389)	8,419)
Land	137)	166)	164)	173)	146)	151)
Asset Age Ratio
Average age¹	51.14%	51.02%	49.88%	49.55%	51.40%	54.64%

Based on: 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30).

2021 Calculations

¹ Average age = 100 × Accumulated depreciation and amortization ÷ (Property, plant and equipment, gross – Land)
= 100 × 6,549 ÷ (12,942 – 137) = 51.14%

Download chart

Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Becton, Dickinson & Co. average age ratio of depreciable property, plant and equipment deteriorated from 2019 to 2020 and from 2020 to 2021.

	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017	Sep 30, 2016
Selected Financial Data (US$ in millions)
Property, plant and equipment, gross	12,942)	11,919)	11,128)	10,485)	9,389)	8,419)
Land	137)	166)	164)	173)	146)	151)
Depreciation and amortization expense	731)	646)	633)	600)	406)	452)
Asset Age Ratio (Years)
Estimated total useful life¹	18	18	17	17	23	18

Based on: 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30).

2021 Calculations

¹ Estimated total useful life = (Property, plant and equipment, gross – Land) ÷ Depreciation and amortization expense
= (12,942 – 137) ÷ 731 = 18

Download chart

Asset age ratio	Description	The company
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Becton, Dickinson & Co. estimated total useful life of depreciable property, plant and equipment increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.

	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017	Sep 30, 2016
Selected Financial Data (US$ in millions)
Accumulated depreciation and amortization	6,549)	5,996)	5,469)	5,110)	4,751)	4,518)
Depreciation and amortization expense	731)	646)	633)	600)	406)	452)
Asset Age Ratio (Years)
Time elapsed since purchase¹	9	9	9	9	12	10

Based on: 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30).

2021 Calculations

¹ Time elapsed since purchase = Accumulated depreciation and amortization ÷ Depreciation and amortization expense
= 6,549 ÷ 731 = 9

Download chart

Asset age ratio	Description	The company
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Becton, Dickinson & Co. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.

	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017	Sep 30, 2016
Selected Financial Data (US$ in millions)
Property, plant and equipment, net	6,393)	5,923)	5,659)	5,375)	4,638)	3,901)
Land	137)	166)	164)	173)	146)	151)
Depreciation and amortization expense	731)	646)	633)	600)	406)	452)
Asset Age Ratio (Years)
Estimated remaining life¹	9	9	9	9	11	8

Based on: 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30).

2021 Calculations

¹ Estimated remaining life = (Property, plant and equipment, net – Land) ÷ Depreciation and amortization expense
= (6,393 – 137) ÷ 731 = 9

Download chart

Asset age ratio	Description	The company
Estimated remaining life		Becton, Dickinson & Co. estimated remaining life of depreciable property, plant and equipment increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.

Becton, Dickinson & Co. (NYSE:BDX)

Analysis of Property, Plant and Equipment

Property, Plant and Equipment Disclosure

Asset Age Ratios (Summary)

Average Age

Estimated Total Useful Life

Estimated Age, Time Elapsed since Purchase

Estimated Remaining Life