plant and equipment

The company has agreed to offload about 42,000 net acres and about 540 wells of its Eagle Ford asset located in Dimmit and Webb counties, along with related property, plant and equipment.

Still, the outlook for the cars segment of 12%-14% returns on unit sales and revenue at prior level remained unchanged, but property, plant and equipment as well as research and development expenditures will rise, the statement said.

Ministry of Finance data on Thursday showed Japanese firms ramped up spending on plant and equipment in January-March at the fastest rate since 2015.

The 2023 figure includes one-time payments of about $125 million related to residual value guarantees and net additions to property, plant and equipment, as well as intangible assets of about $350 million.

"This will enable us to turn off lighting, plant and equipment at the time of maximum energy use, when it is coldest and darkest. This is also when we are least busy."