Property, Plant and Equipment

12 Months Ended

May 31, 2013

Property, Plant and Equipment [Abstract]

NOTE 3 — Property, Plant and Equipment

Property, plant and equipment included the following:



	As of May 31,
(In millions)	2013		2012
Land	$	268	$	252
Buildings	1,174		1,158
Machinery, equipment and internal-use software	2,985		2,654
Leasehold improvements	945		883
Construction in process	128		110
Total property, plant and equipment, gross	5,500		5,057
Less accumulated depreciation	3,048		2,848
TOTAL PROPERTY, PLANT AND EQUIPMENT, NET	$	2,452	$	2,209

Capitalized interest was not material for the years ended May 31, 2013, 2012, and 2011. The Company had $81 million in capital lease obligations as of May 31, 2013 included in machinery, equipment, and internal-use software; there were no capital lease obligations as of May 31, 2012.

- 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.

+ References+ Details