PROPERTY, PLANT & EQUIPMENT

12 Months Ended

Dec. 31, 2012

NOTE 4: PROPERTY, PLANT & EQUIPMENT

Balances of major classes of assets and allowances for depreciation, depletion and amortization at December 31 are as follows:


in thousands	*2012*		2011

Property, Plant & Equipment
Land and land improvements		$2,120,999		$2,122,350
Buildings		149,575		163,178
Machinery and equipment		4,195,165		4,206,870
Leaseholds		10,546		9,238
Deferred asset retirement costs		129,397		136,289
Construction in progress		60,935		67,621
Total, gross		$6,666,617		$6,705,546
Less allowances for depreciation, depletion and amortization		3,507,432		3,287,367
Total, net		$3,159,185		$3,418,179

Capitalized interest costs with respect to qualifying construction projects and total interest costs incurred before recognition of the capitalized amount for the years ended December 31 are as follows:

in thousands

2012

2011

2010

Capitalized interest cost

$2,716

$2,675

$3,637

Total interest cost incurred before recognition
of the capitalized amount

215,783

223,303

185,240

- 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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