Property and Equipment

6 Months Ended

Jun. 15, 2012

4.	Property and Equipment

Property and equipment consists of the following (in millions):


	June 15, 2012			December 31, 2011
Land and land improvements	$	1,876		$	1,852
Buildings and leasehold improvements		13,317			13,168
Furniture and equipment		2,150			2,079
Construction in progress		157			196

		17,500			17,295
Less accumulated depreciation and amortization		(6,153	)		(5,912	)

	$	11,347		$	11,383

- 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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