Property, Plant and Equipment

12 Months Ended

Dec. 31, 2012

9. Property, Plant and Equipment


	December 31,
	2012			2011
	(in millions)
Land	$	63		$	61
Buildings and improvements		407			368
Machinery, equipment, furniture and fixtures		1,526			1,347
Leasehold improvements		322			292

Gross property, plant and equipment		2,318			2,068
Accumulated depreciation and amortization		(1,301	)		(1,147	)

Property, plant and equipment, net	$	1,017		$	921

- 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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