Valero 2015 Annual Report Download - page 118
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Table of Contents
VALERO ENERGY CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Long-lived assets include property, plant, and equipment and certain long-lived assets included in “deferred charges and other assets,
net.” Geographic information by country for long-lived assets consisted of the following (in millions):
December 31,
2015
2014
U.S. $ 25,210
$ 24,653
Canada 1,824
2,161
U.K. 1,131
1,199
Aruba 57
59
Ireland 20
22
Total long-lived assets $ 28,242
$ 28,094
Total assets by reportable segment were as follows (in millions):
December 31,
2015
2014
Refining $ 38,142
$ 40,103
Ethanol 1,016
954
Corporate 5,185
4,493
Total assets $ 44,343
$ 45,550
In March 2014, we purchased an idled corn ethanol plant in Mount Vernon, Indiana for $34 million from a wholly owned subsidiary of
Aventine Renewable Energy Holdings, Inc. We resumed production at that plant during the third quarter of 2014. In the fourth quarter
of 2014, an independent appraisal of the assets acquired and liabilities assumed and certain other evaluations of the fair values related
to the Mount Vernon plant were completed and finalized. The purchase price of the Mount Vernon plant was allocated based on the fair
values of the assets acquired and the liabilities assumed at the date of acquisition resulting from this final appraisal and other
evaluations. There were no significant adjustments made to the preliminary purchase price allocation.
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