Property, Plant and Equipment

12 Months Ended

May 31, 2012

NOTE 3 — Property, Plant and Equipment

Property, plant and equipment included the following:


	As of May 31,
(In millions)	2012		2011
Land	$	252	$	237
Buildings		1,158		1,124
Machinery, equipment and internal-use software		2,755		2,487
Leasehold improvements		968		931
Construction in process		111		127
		5,244		4,906
Less accumulated depreciation		2,965		2,791
	$	2,279	$	2,115

Capitalized interest was not material for the years ended May 31, 2012, 2011, and 2010.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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