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Property

12 Months Ended

Dec. 31, 2011

Property, Plant and Equipment Disclosure [Text Block]

PROPERTY



Property at December 31	Estimated
In millions	Useful Lives (Years)	2011		2010
Land	—	$	50	$	49
Land and waterway improvements	15-25	198		202
Buildings	5-50	415		418
Machinery and equipment	3-20	5,772		5,797
Utility and supply lines	5-20	142		141
Other property	3-30	349		365
Construction in progress	—	173		108
Total property		$	7,099	$	7,080



In millions	2011		2010		2009
Depreciation expense	$	236	$	248	$	272
Manufacturing maintenance and repair costs	$	280	$	244	$	218
Capitalized interest	$	6	$	5	$	4

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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