Berkshire Hathaway 2008 Annual Report Download - page 44

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Notes to Consolidated Financial Statements (Continued)
(10) Property, plant, equipment and assets held for lease
Property, plant, equipment and assets held for lease of insurance and other businesses is comprised of the following (in
millions).
Ranges of
estimated useful life 2008 2007
Land .................................................................. — $ 751 $ 607
Buildings and improvements ............................................... 3–40years 4,351 3,611
Machinery and equipment ................................................. 3–25years 11,009 9,507
Furniture, fixtures and other ................................................ 3–20years 1,856 1,670
Assets held for lease ...................................................... 12–30years 5,311 —
23,278 15,395
Accumulated depreciation ................................................. (6,575) (5,426)
$16,703 $ 9,969
Assets held for lease consist primarily of railroad tank cars, intermodal tank containers and other equipment in the
transportation and equipment services businesses of Marmon, which were acquired by Berkshire in March 2008. As of
December 31, 2008, the minimum future lease rentals to be received on the equipment lease fleet (including rail cars leased from
others) were as follows (in millions): 2009 – $660; 2010 – $528; 2011 – $392; 2012 – $281; 2013 – $181; and thereafter – $384.
Property, plant and equipment of utilities and energy businesses is comprised of the following (in millions).
Ranges of
estimated useful life 2008 2007
Utility generation, distribution and transmission system ........................ 5–85years $ 32,795 $ 30,369
Interstate pipeline assets ................................................. 3–67years 5,649 5,484
Independent power plants and other assets ................................... 3–30years 1,228 1,330
Construction in progress ................................................. — 1,668 1,745
41,340 38,928
Accumulated depreciation ............................................... (12,886) (12,707)
$ 28,454 $ 26,221
The utility generation, distribution and transmission system and interstate pipeline assets are the regulated assets of public
utility and natural gas pipeline subsidiaries. At December 31, 2008 and December 31, 2007, accumulated depreciation and
amortization related to regulated assets was $12.5 billion and $12.3 billion, respectively. Substantially all of the construction in
progress at December 31, 2008 and 2007 related to the construction of regulated assets.
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