June 30, 1999
Note 8 PROPERTY, PLANT, AND EQUIPMENT
(1) A summary of changes in general fixed assets is as follows (amounts in thousands):
| Balance 7/1/98 |
Additions |
Retirements |
Balance 6/30/99 |
|
|---|---|---|---|---|
| Land | $ 335,777 | $ 21,858 | $ 5,124 | $ 352,511 |
| Buildings | 1,958,760 | 96,322 | 22,097 | 2,032,985 |
| Improvements | ||||
| Other Than | ||||
| Buildings | 231,792 | 8,432 | 3,563 | 236,661 |
| Machinery & | ||||
| Equipment | 1,145,458 | 88,285 | 46,229 | 1,187,514 |
| Construction in | ||||
| Progress | 322,134 | 169,553 | 93,188 | 398,499 |
| Total | $ 3,993,921 | $ 384,450 | $ 170,201 | $ 4,208,170 |
(2) Property, plant, and equipment for the primary government and its component units consisted of the following as of June 30, 1999 (amounts in thousands):
| Primary Government | ||||
|---|---|---|---|---|
| Enterprise |
Internal Service |
Higher Education |
Component Units |
|
| Land | $ 2,840 | $ - | $ 38,733 | $ 21,937 |
| Buildings | 149,207 | - | 1,313,149 | 178,100 |
| Improvements | ||||
| Other than | ||||
| Buildings | 117,671 | 95 | 107,324 | 132 |
| Machinery & | ||||
| Equipment | 53,210 | 133,586 | 583,355 | 190,276 |
| Construction | ||||
| in Progress | 11,994 | - | 177,451 | 1,128 |
| Subtotal | 334,922 | 133,681 | 2,220,012 | 391,573 |
| Less: | ||||
| Accumulated | ||||
| Depreciation | 139,726 | 95,255 | 246,670 | 153,602 |
| Total | $ 195,196 | $ 38,426 | $ 1,973,342 | $ 237,971 |
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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