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PROPERTY

12 Months Ended

Dec. 31, 2010

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

PROPERTY



Property at December 31 In millions	Estimated Useful Lives (Years)	2010		2009
Land	—	$	893	$	942
Land and waterway improvements	15-25	1,264		1,342
Buildings	5-55	4,442		4,811
Machinery and equipment	3-20	37,224		39,983
Utility and supply lines	5-20	2,229		2,306
Other property	3-30	2,133		2,170
Construction in progress	—	3,463		2,013
Total property		$	51,648	$	53,567



In millions	2010		2009		2008
Depreciation expense	$	2,289	$	2,291	$	2,016
Manufacturing maintenance and repair costs	$	1,949	$	1,473	$	1,622
Capitalized interest	$	72	$	61	$	97

- 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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