Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2012

Note F: Property, Plant and Equipment, Net


December 31
(add 000)	2012			2011
Land and land improvements	$	645,095		$	620,940
Mineral reserves and interests		430,884			421,820
Buildings		116,332			111,796
Machinery and equipment		2,511,222			2,407,045
Construction in progress		109,054			127,091
		3,812,587			3,688,692
Less allowances for depreciation, depletion and amortization		(2,059,346	)		(1,914,401	)
Total	$	1,753,241		$	1,774,291

Depreciation, depletion and amortization expense related to property, plant and equipment was $171,940,000, $169,974,000 and $178,426,000 for the years ended December 31, 2012, 2011 and 2010, respectively.

Interest cost of $2,537,000, $1,816,000 and $2,129,000 was capitalized during 2012, 2011 and 2010, respectively.

At December 31, 2012 and 2011, $69,073,000 and $72,181,000, respectively, of the Aggregate business’ net fixed assets were located in foreign countries, namely the Bahamas and Canada.

- 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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