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2016 Financial Report of the United States Government


Notes to the Financial Statements

Note 6. Property, Plant, and Equipment, Net

Property, Plant, and Equipment as of September 30, 2016
 
Cost
Accumulated
Depreciation/
Amortization
Net
(In billions of dollars)
Defense
All Others
Defense
All Others
Defense
All Others
Buildings, structures, and facilities 384.1 275.3 230.1 150.8 154.0 124.5
Furniture, fixtures, and equipment 1,054.5 172.7 639.7 113.3 414.8 59.4
Construction in progress 118.1 46.5 N/A N/A 118.1 46.5
Land 10.7 13.0 N/A N/A 10.7 13.0
Internal use software 9.5 33.1 6.0 20.7 3.5 12.4
Assets under capital lease 0.4 4.1 0.2 1.7 0.2 2.4
Leasehold improvements 0.6 10.4 0.3 6.3 0.3 4.1
Other property, plant, and equipment 10.3 10.8 - 5.5 10.3 5.3
Subtotal 1,588.2 565.9 876.3 298.3 711.9 267.6
Total property, plant, and equipment, net   2,154.1   1,174.6   979.5

Property, Plant, and Equipment as of September 30, 2015
 
Cost
Accumulated
Depreciation/
Amortization
Net
(In billions of dollars)
(Restated)
Defense
All Others
Defense
All Others
(Restated)
Defense
All Others
Buildings, structures, and facilities 283.2 268.1 137.0 144.0 146.2 124.1
Furniture, fixtures, and equipment 1,010.6 169.6 584.0 110.0 426.6 59.6
Construction in progress 73.2 43.3 N/A N/A 73.2 43.3
Land 10.9 12.8 N/A N/A 10.9 12.8
Internal use software 12.0 32.6 8.4 19.5 3.6 13.1
Assets under capital lease 0.4 3.4 0.2 1.7 0.2 1.7
Leasehold improvements 0.5 9.9 0.2 5.7 0.3 4.2
Other property, plant, and equipment 0.4 10.3 - 5.2 0.4 5.1
Subtotal 1,391.2 550.0 729.8 286.1 661.4 263.9
Total property, plant, and equipment, net   1,941.2   1,015.9   925.3

See Note 24—Stewardship Land and Heritage Assets for additional information on multi-use heritage assets.

DOD comprises approximately 72.7 percent of the Government’s reported property, plant, and equipment, net, as of September 30, 2016. Fiscal year 2015 was restated due to DOD correcting a $31.4 billion understatement of their property, plant and equipment balance, see Note 1.V—Restatements. Also, during fiscal year 2016, DOD reclassified other assets, relating to outstanding contract financing payments, to property, plant and equipment-construction in progress in accordance with internal guidance.

FASAB issued SFFAS No. 50, Establishing Opening Balances for General Property, Plant and Equipment, which permits alternative methods in establish opening balances for general property, plant and equipment. During fiscal year 2016, select DOD components implemented this standard, see Note 1.T—Prior-Period Adjustments.

Refer to the financial statements of DOD, DOE, the Tennessee Valley Authority (TVA), GSA, VA, the Department of the Interior (DOI), DHS, the Department of State (DOS), the United States Postal Service (USPS), and the Department of Transportation (DOT) for detailed information on the useful lives and related capitalization thresholds for property, plant, and equipment. These agencies comprise 95 percent of the Government’s reported property, plant, and equipment net of $979.5 billion as of September 30, 2016.

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