Expenditures made to acquire, add to, or
improve property, plant, and equipment (PP&E). PP&E
includes: land, timber, and minerals; structures, machinery,
equipment, special tools, and other depreciable property;
construction in progress; and tangible and intangible exploration
and development costs. Changes in PP&E due to changes in
entityâsuch as mergers, acquisitions, and divestituresâor to changes
in accounting methods are excluded. Capital expenditures are
measured on a gross basis; sales and other dispositions of
fixed
assets are not netted against them.
