Tyson Foods 2009 Annual Report Download - page 52

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52
NOTE 7: PROPERTY, PLANT AND EQUIPMENT
Major categories of property, plant and equipment and accumulated depreciation at October 3, 2009, and September 27, 2008:
in millions
2009
2008
Land
$
96
$
89
Building and leasehold improvements
2,570
2,440
Machinery and equipment
4,640
4,382
Land improvements and other
227
210
Buildings and equipment under construction
297
352
7,830
7,473
Less accumulated depreciation
4,254
3,954
Net property, plant and equipment
$
3,576
$
3,519
Approximately $278 million will be required to complete buildings and equipment under construction at October 3, 2009.
NOTE 8: GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill by segment, net of $286 million of accumulated amortization at October 3, 2009, and September 27, 2008:
in millions
2009
2008
Chicken
$
973
$
945
Beef
563
1,185
Pork
317
317
Prepared Foods
64
64
Total Goodwill
$
1,917
$
2,511
Other intangible assets by type at October 3, 2009, and September 27, 2008:
in millions
2009
2008
Gross Carrying Value:
Trademarks
$
57
$
62
Patents and intellectual property
145
94
Land use rights
23
-
Less Accumulated Amortization
38
28
Total Intangible Assets
$
187
$
128
Amortization expense of $10 million, $3 million and $3 million was recognized during fiscal 2009, 2008 and 2007, respectively. We
estimate amortization expense on intangible assets for the next five fiscal years subsequent to October 3, 2009 will be: 2010 - $14
million; 2011 - $14 million; 2012 - $13 million; 2013 - $13 million; 2014 - $12 million. Beginning with the date benefits are realized,
patents and intellectual property and land use rights are amortized using the straight-line method over their estimated period of benefit
of 5-30 years and 10-30 years, respectively.
NOTE 9: OTHER CURRENT LIABILITIES
Other current liabilities at October 3, 2009, and September 27, 2008, include:
in millions
2009
2008
Accrued salaries, wages and benefits
$
187
$
259
Self-insurance reserves
230
236
Other
344
383
Total other current liabilities
$
761
$
878