June 30, 1998
Note 8
PROPERTY, PLANT, AND EQUIPMENT
(1) A summary of changes in general fixed assets is as follows (amounts in thousands):
| Balance 7/1/97 |
Additions |
Retirements |
Balance 6/30/98 |
|
|---|---|---|---|---|
| Land | $ 330,721 | $ 7,063 | $ 2,007 | $ 335,777 |
| Buildings | 1,900,296 | 128,938 | 70,474 | 1,958,760 |
| Improvements Other Than Buildings | 264,248 | 12,066 | 44,522 | 231,792 |
| Machinery and Equipment | 1,113,499 | 78,353 | 46,394 | 1,145,458 |
| Construction in Progress | 211,616 | 161,729 | 51,211 | 322,134 |
| Total | $ 3,820,380 | $ 388,149 | $ 214,608 | $ 3,993,921 |
(2) Property, plant, and equipment for the primary government and its component units consisted of the following as of June 30, 1998 (amounts in thousands):
| Primary Government | ||||
|---|---|---|---|---|
Enterprise |
Internal Service |
Higher Education |
Component Units |
|
| Land | $ 2,840 | $ - | $ 38,582 | $ 21,937 |
| Buildings | 135,553 | - | 1,072,119 | 184,946 |
| Improvements | ||||
| Other than | ||||
| Buildings | 115,811 | 95 | 89,515 | 132 |
| Machinery and | ||||
| Equipment | 66,053 | 119,704 | 552,922 | 185,725 |
| Construction | ||||
| In Progress | 4,398 | 239,951 | - | |
| Subtotal | 324,655 | 119,799 | 1,993,089 | 392,740 |
| Less | ||||
| Accumulated | ||||
| Depreciation | 130,288 | 81,716 | 234,688 | 142,427 |
| Total | $ 194,367 | $ 38,083 | $1,758,401 | $ 250,313 |
The following estimated useful lives are used to compute depreciation: Buildings 10-60 years; Land Improvements 2-50 years; Machinery and Equipment 2-21 years.
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