Halliburton 2013 Annual Report Download - page 69

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53
Note 5. Property, Plant, and Equipment
Property, plant, and equipment were composed of the following:
December 31
Millions of dollars
2013
2012
Land
$
213
$
145
Buildings and property improvements
2,685
1,861
Machinery, equipment, and other
17,904
16,307
Total
20,802
18,313
Less accumulated depreciation
9,480
8,056
Net property, plant, and equipment
$
11,322
$
10,257
Classes of assets, excluding oil and natural gas investments, are depreciated over the following useful lives:
Buildings and Property
Improvements
2013
2012
1 - 10 years
13%
14%
11 - 20 years
43%
46%
21 - 30 years
20%
14%
31 - 40 years
24%
26%
Machinery, Equipment,
and Other
2013
2012
1 - 5 years
22%
20%
6 - 10 years
72%
74%
11 - 20 years
6%
6%
Note 6. Debt
Long-term debt consisted of the following:
December 31
Millions of dollars
2013
2012
3.5% senior notes due August 2023
$
1,098
$
—
6.15% senior notes due September 2019
997
997
7.45% senior notes due September 2039
995
995
4.75% senior notes due August 2043
898
—
6.7% senior notes due September 2038
800
800
1.0% senior notes due August 2016
600
—
3.25% senior notes due November 2021
498
498
4.5% senior notes due November 2041
498
498
2.0% senior notes due August 2018
400
—
5.9% senior notes due September 2018
400
400
7.6% senior debentures due August 2096
293
293
8.75% senior debentures due February 2021
184
184
Other
155
155
Total long-term debt
$
7,816
$
4,820
Senior debt
All of our senior notes and debentures rank equally with our existing and future senior unsecured indebtedness, have
semiannual interest payments, and have no sinking fund requirements. We may redeem all of our senior notes from time to time
or all of the notes of each series at any time at the applicable redemption prices, plus accrued and unpaid interest. Our 7.6% and
8.75% senior debentures may not be redeemed prior to maturity.