Answered step by step
Verified Expert Solution
Question
1 Approved Answer
NOTE 4-PROPERTY, PLANT AND EQUIPMENT (In millions) Assets (Useful Life) Land Buildings and improvements (10 to 40 years) Machinery and equipment (3 to 10
NOTE 4-PROPERTY, PLANT AND EQUIPMENT (In millions) Assets (Useful Life) Land Buildings and improvements (10 to 40 years) Machinery and equipment (3 to 10 years) Computer hardware and software (4 to 10 years) Furniture and fixtures (5 to 10 years) Leasehold improvements Less accumulated depreciation and amortization June 30 2020 2019 $ 33 $ 29 400 337 865 811 1,335 1,264 120 116 2,381 2,274 5,134 4,831 (3,079) (2,763) $ 2,055 $ 2,068 The cost of assets related to projects in progress of $501 million and $474 million as of June 30, 2020 and 2019, respectively, is included in their respective asset categories above. Depreciation and amortization of property, plant and equipment was $514 million, $495 million and $469 million in fiscal 2020, 2019 and 2018, respectively. Depreciation and amortization related to the Company's manufacturing process is included in Cost of sales and all other depreciation and amortization is included in Selling, general and administrative expenses in the accompanying consolidated statements of earnings. See Note 7 - Leases for discussion of property, plant and equipment impairments. Question: At what value will Property, Plant and Equipment be presented on the face of the Balance Sheet in fiscal 2020? Input your number as it appears without any $ sign and do not add
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started