Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

DuPont de Nemours Inc. (NYSE:DD)

This company was transferred to the archive: financial data is no longer updated!

Analysis of Property, Plant and Equipment

Advanced level

Property, Plant and Equipment Disclosure

DuPont de Nemours Inc., balance sheet: property, plant and equipment

US$ in millions

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Land and land improvements 798  3,472  3,448  2,524  2,137 
Buildings 2,775  8,723  8,667  5,935  4,793 
Machinery, equipment, and other 9,887  59,278  56,589  42,879  39,517 
Construction in progress 1,652  3,870  4,600  6,100  4,355 
Property, plant and equipment, gross 15,112  75,343  73,304  57,438  50,802 
Accumulated depreciation (4,969) (39,495) (37,057) (33,952) (32,948)
Property, plant and equipment, net 10,143  35,848  36,247  23,486  17,854 

Based on: 10-K (filing date: 2020-02-14), 10-K (filing date: 2019-02-11), 10-K (filing date: 2018-02-15), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-12).

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. DuPont de Nemours Inc.’s property, plant and equipment, gross increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
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. DuPont de Nemours Inc.’s property, plant and equipment, net decreased from 2017 to 2018 and from 2018 to 2019.

Asset Age Ratios (Summary)

DuPont de Nemours Inc., asset age ratios

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Average age ratio 34.71% 54.95% 53.05% 61.83% 67.70%
Estimated total useful life (years) 14 19 25 26 26
Estimated age, time elapsed since purchase (years) 5 11 13 16 17
Estimated remaining life (years) 9 9 12 10 8

Based on: 10-K (filing date: 2020-02-14), 10-K (filing date: 2019-02-11), 10-K (filing date: 2018-02-15), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-12).

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’s fixed asset base is old or new. Newer assets are likely to be more efficient. DuPont de Nemours Inc.’s average age ratio of depreciable property, plant and equipment deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level.
Estimated total useful life Over longer time periods, this ratio is a useful measure of company’s depreciation policy and can be used for comparisons with competitors. DuPont de Nemours Inc.’s estimated total useful life of depreciable property, plant and equipment decreased from 2017 to 2018 and from 2018 to 2019.
Estimated time elapsed since purchase The approximate age in years of a company’s fixed assets. Useful for comparison purposes. DuPont de Nemours Inc.’s estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2017 to 2018 and from 2018 to 2019.
Estimated remaining life DuPont de Nemours Inc.’s estimated remaining life of depreciable property, plant and equipment decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.

Average Age

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Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Accumulated depreciation 4,969  39,495  37,057  33,952  32,948 
Property, plant and equipment, gross 15,112  75,343  73,304  57,438  50,802 
Land and land improvements 798  3,472  3,448  2,524  2,137 
Asset Age Ratio
Average age1 34.71% 54.95% 53.05% 61.83% 67.70%

Based on: 10-K (filing date: 2020-02-14), 10-K (filing date: 2019-02-11), 10-K (filing date: 2018-02-15), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-12).

2019 Calculations

1 Average age = 100 × Accumulated depreciation ÷ (Property, plant and equipment, gross – Land and land improvements)
= 100 × 4,969 ÷ (15,112 – 798) = 34.71%

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’s fixed asset base is old or new. Newer assets are likely to be more efficient. DuPont de Nemours Inc.’s average age ratio of depreciable property, plant and equipment deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level.

Estimated Total Useful Life

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Property, plant and equipment, gross 15,112  75,343  73,304  57,438  50,802 
Land and land improvements 798  3,472  3,448  2,524  2,137 
Depreciation expense 1,016  3,740  2,755  2,130  1,908 
Asset Age Ratio (Years)
Estimated total useful life1 14 19 25 26 26

Based on: 10-K (filing date: 2020-02-14), 10-K (filing date: 2019-02-11), 10-K (filing date: 2018-02-15), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-12).

2019 Calculations

1 Estimated total useful life = (Property, plant and equipment, gross – Land and land improvements) ÷ Depreciation expense
= (15,112 – 798) ÷ 1,016 = 14

Asset age ratio Description The company
Estimated total useful life Over longer time periods, this ratio is a useful measure of company’s depreciation policy and can be used for comparisons with competitors. DuPont de Nemours Inc.’s estimated total useful life of depreciable property, plant and equipment decreased from 2017 to 2018 and from 2018 to 2019.

Estimated Age, Time Elapsed since Purchase

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Accumulated depreciation 4,969  39,495  37,057  33,952  32,948 
Depreciation expense 1,016  3,740  2,755  2,130  1,908 
Asset Age Ratio (Years)
Time elapsed since purchase1 5 11 13 16 17

Based on: 10-K (filing date: 2020-02-14), 10-K (filing date: 2019-02-11), 10-K (filing date: 2018-02-15), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-12).

2019 Calculations

1 Time elapsed since purchase = Accumulated depreciation ÷ Depreciation expense
= 4,969 ÷ 1,016 = 5

Asset age ratio Description The company
Estimated time elapsed since purchase The approximate age in years of a company’s fixed assets. Useful for comparison purposes. DuPont de Nemours Inc.’s estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2017 to 2018 and from 2018 to 2019.

Estimated Remaining Life

Microsoft Excel LibreOffice Calc
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Selected Financial Data (US$ in millions)
Property, plant and equipment, net 10,143  35,848  36,247  23,486  17,854 
Land and land improvements 798  3,472  3,448  2,524  2,137 
Depreciation expense 1,016  3,740  2,755  2,130  1,908 
Asset Age Ratio (Years)
Estimated remaining life1 9 9 12 10 8

Based on: 10-K (filing date: 2020-02-14), 10-K (filing date: 2019-02-11), 10-K (filing date: 2018-02-15), 10-K (filing date: 2017-02-09), 10-K (filing date: 2016-02-12).

2019 Calculations

1 Estimated remaining life = (Property, plant and equipment, net – Land and land improvements) ÷ Depreciation expense
= (10,143 – 798) ÷ 1,016 = 9

Asset age ratio Description The company
Estimated remaining life DuPont de Nemours Inc.’s estimated remaining life of depreciable property, plant and equipment decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.