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Property, Plant and Equipment

12 Months Ended

May 31, 2013

Property Plant And Equipment [Abstract]

Property Plant And Equipment Disclosure [Text Block]

6. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consist of the following:

		May 31,
(in millions)		2013		2012
Land	$	188.7	$	187.7
Mineral properties and rights		2,886.7		2,791.0
Buildings and leasehold improvements		1,959.3		1,456.0
Machinery and equipment		5,793.7		4,872.6
Construction in-progress		1,419.2		1,522.8
		12,247.6		10,830.1
Less: accumulated depreciation and depletion		3,760.8		3,284.2
	$	8,486.8	$	7,545.9

Depreciation and depletion expense was $604.8 million, $508.1 million and $447.4 million for fiscal 2013, 2012 and 2011, respectively. Capitalized interest on major construction projects was $53.8 million, $55.7 million and $57.1 million in fiscal 2013, 2012 and 2011, respectively.

- 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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