DuPont 2008 Annual Report Download - page 76

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The 17 million increase in the average number of stock options that were antidilutive in 2008 compared to 2007 was
primarily due to the decrease in the company’s average stock price. The 40 million decrease in the average number
of stock options that were antidilutive in 2007 compared to 2006 was primarily due to the increase in the company’s
average stock price. Additionally, there were 12.8 million stock options that expired unexercised and were cancelled
in January 2007, which were included in the average number of stock options that were antidilutive in 2006.
8. ACCOUNTS AND NOTES RECEIVABLE
December 31, 2008 2007
Accounts and notes receivable-trade, net of allowances of $238 in 2008 and $261 in
2007 $3,838 $4,649
Other
1
1,302 1,034
$5,140 $5,683
1 Other includes receivables in relation to Cozaar»/Hyzaar»interests, fair value of derivative instruments, value added tax, general sales tax
and other taxes.
Accounts and notes receivable are carried at amounts that approximate fair value and include amounts due from
equity affiliates of $28 for 2008, and $27 for 2007.
9. INVENTORIES
December 31, 2008 2007
Finished products $3,156 $3,043
Semifinished products 2,234 1,865
Raw materials, stores and supplies 1,199 1,000
6,589 5,908
Adjustment of inventories to a LIFO basis (908) (630)
$5,681 $5,278
Inventory values, before LIFO adjustment, are generally determined by the average cost method, which
approximates current cost. Excluding seeds, stores and supplies, inventories valued under the LIFO method
comprised 79 percent and 80 percent of consolidated inventories before LIFO adjustment for the periods ended
December 31, 2008 and 2007, respectively. Seed inventories of $1,984 and $1,369 at December 31, 2008 and 2007,
respectively, were valued under the FIFO method. Stores and supplies inventories of $268 and $259 at
December 31, 2008 and 2007, respectively, were valued under the average cost method.
10. PROPERTY, PLANT AND EQUIPMENT
December 31, 2008 2007
Buildings $ 4,284 $ 4,111
Equipment 21,783 20,537
Land 484 426
Construction 1,403 1,519
$27,954 $26,593
Property, plant and equipment includes gross assets acquired under capital leases of $54 and $55 at December 31,
2008 and 2007, respectively. Related amounts included in accumulated depreciation were $35 and $33 at
December 31, 2008 and 2007.
F-20
E. I. du Pont de Nemours and Company
Notes to the Consolidated Financial Statements (continued)
(Dollars in millions, except per share)