Berkshire Hathaway 2009 Annual Report Download - page 42

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Notes to Consolidated Financial Statements (Continued)
(11) Property, plant and equipment
Property, plant and equipment of our insurance and other businesses is comprised of the following (in millions).
Ranges of
estimated useful life 2009 2008
Land .................................................................. — $ 740 $ 751
Buildings and improvements ............................................... 3–40years 4,606 4,351
Machinery and equipment ................................................. 3–25years 10,845 11,009
Furniture, fixtures and other ................................................ 3–20years 1,595 1,856
Assets held for lease ...................................................... 12–30years 5,706 5,311
23,492 23,278
Accumulated depreciation ................................................. (7,772) (6,575)
$15,720 $16,703
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. As of December 31, 2009, the minimum future lease rentals to be
received on the equipment lease fleet (including rail cars leased from others) were as follows (in millions): 2010 – $597; 2011 –
$458; 2012 – $329; 2013 – $216; 2014 – $133; and thereafter – $291.
Property, plant and equipment of utilities and energy businesses is comprised of the following (in millions).
Ranges of
estimated useful life 2009 2008
Utility generation, distribution and transmission system ........................ 5–85years $ 35,616 $ 32,795
Interstate pipeline assets ................................................. 3–67years 5,809 5,649
Independent power plants and other assets ................................... 3–30years 1,157 1,228
Construction in progress ................................................. — 2,152 1,668
44,734 41,340
Accumulated depreciation ................................................ (13,798) (12,886)
$ 30,936 $ 28,454
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, 2009 and 2008, accumulated depreciation and amortization related
to regulated assets was $13.3 billion and $12.5 billion, respectively. Substantially all of the construction in progress at
December 31, 2009 and 2008 related to the construction of regulated assets.
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