Notes to Consolidated Financial Statements

FINANCIAL
OVERVIEW
CONSOLIDATED
STATEMENTS
OF OPERATIONS
CONSOLIDATED
BALANCE SHEETS
CONSOLIDATED
STATEMENTS
OF CASH FLOWS
CONSOLIDATED
STATEMENTS
OF EQUITIES
NOTES TO
CONSOLIDATED
FINANCIAL
STATEMENTS
REPORT OF
MANAGEMENT
INDEPENDENT
AUDITOR'S
REPORT
TEN YEARS
IN REVIEW

  8. Property, Plant and Equipment

A summary of property, plant and equipment at December 31 is as follows:

Owned property, plant and equipment:

  2003 2002

Machinery and equipment $ 610,312 $ 554,926
Buildings and building equipment 309,004 294,032
Land and land improvements 63,930 59,396
Software 59,346 38,689
Construction in progress 29,136 40,771

  1,071,728 987,814
Less accumulated depreciation 447,097 407,954

Total property, plant and equipment, net $ 624,631 $ 579,860

Property under capital lease:

  2003 2002

Machinery and equipment $ 80,039 $ 78,868
Buildings and building equipment 35,581 26.868
Land and land improvements 2,318

  117,938 105,736
Less accumulated depreciation 8,793

Total property under capital lease, net $ 109,145 $ 105,736

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