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FIXED ASSETS

12 Months Ended

Dec. 31, 2012

9. FIXED ASSETS

Fixed assets consist of:


	2012			2011

Cost
Land	$	238		$	199
Buildings		1,513			1,195
Machinery and equipment		11,047			9,475

		12,798			10,869

Accumulated depreciation
Buildings		(541	)		(453	)
Machinery and equipment		(6,984	)		(6,180	)

	$	5,273		$	4,236

Included in the cost of fixed assets above are construction in progress expenditures of $939 million [2011 – $842 million] that have not been depreciated.

- 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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