MOLX » Topics » Property, Plant and Equipment

These excerpts taken from the MOLX 10-K filed Aug 6, 2008.
Property, Plant and Equipment
 
Property, plant and equipment are reported at cost less accumulated depreciation. Depreciation is primarily recorded on a straight-line basis for financial statement reporting purposes and using a combination of accelerated and straight-line methods for tax purposes.
 
The estimated useful lives are as follows:
 
         
Buildings
    25 — 40 years  
Machinery and equipment
    3 — 10 years  
Molds and dies
    2 — 4 years  
 
We perform reviews for impairment of long-lived assets whenever adverse events or circumstances indicate that the carrying value of an asset may not be recoverable. When indicators of impairment are present, we evaluate the carrying value of the long-lived assets in relation to the operating performance and future undiscounted cash flows of the underlying assets. We adjust the net book value of the underlying assets to fair value if the sum of the expected undiscounted future cash flows is less than book value.
 
Property, Plant
and Equipment



 



Property, plant and equipment are reported at cost less
accumulated depreciation. Depreciation is primarily recorded on
a straight-line basis for financial statement reporting purposes
and using a combination of accelerated and straight-line methods
for tax purposes.


 



The estimated useful lives are as follows:


 

































         


Buildings


 

 

25 — 40 years

 


Machinery and equipment


 

 

3 — 10 years

 


Molds and dies


 

 

2 — 4 years

 






 



We perform reviews for impairment of long-lived assets whenever
adverse events or circumstances indicate that the carrying value
of an asset may not be recoverable. When indicators of
impairment are present, we evaluate the carrying value of the
long-lived assets in relation to the operating performance and
future undiscounted cash flows of the underlying assets. We
adjust the net book value of the underlying assets to fair value
if the sum of the expected undiscounted future cash flows is
less than book value.


 




This excerpt taken from the MOLX 10-K filed Aug 3, 2006.

8.  Property, Plant and Equipment


At June 30, property, plant and equipment consisted of the following (in thousands):


  

2006

 

2005

Land and improvements

$

63,409 

 

$

77,246 

Buildings and leasehold improvements

 

549,997 

  

534,301 

Machinery and equipment

 

1,418,956 

  

1,385,074 

Molds and dies

 

632,573 

  

606,272 

Construction in progress

 

97,325 

  

70,815 

Total

$

2,762,260 

 

$

2,673,708 

Accumulated depreciation

 

(1,736,408)

  

(1,689,471)

Net property, plant and equipment

$

1,025,852 

 

$

984,237 


Depreciation expense for property, plant and equipment was $212.1 million, $227.7 million and $225.2 million in fiscal 2006, 2005 and 2004, respectively.


This excerpt taken from the MOLX 10-K filed Sep 12, 2005.

11. Property, Plant and Equipment

Property, plant and equipment are reported at cost less accumulated depreciation. Depreciation is primarily recorded on a straight-line basis for financial statement reporting purposes and using a combination of accelerated and straight-line methods for tax purposes. At June 30, property, plant and equipment consist of the following:
2005
   
2004
Land and improvements
$
77,246
   
$
82,051
Buildings and leasehold improvements
534,301
   
548,717
Machinery and equipment
1,385,074
   
1,426,090
Molds and dies
606,272
   
659,571
Construction in progress
70,815
   
66,094
Total
2,673,708
   
2,782,523
Accumulated depreciation
(1,689,471
)
   
(1,760,145
)
Net property, plant and equipment
$
984,237
   
$
1,022,378

Depreciation expense for property, plant and equipment was $227,660, $225,196 and $224,717 in 2005, 2004 and 2003, respectively.

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