Property, Plant and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

9. Property, Plant and Equipment

The table below presents the components of Property, Plant and Equipment.


	December 31,
	2014		2013
	(in millions)
Land	$	62	$	62
Buildings and improvements		420		405
Machinery, equipment, furniture and fixtures		1,707		1,643
Leasehold improvements		327		338

Gross property, plant and equipment		2,516		2,448
Accumulated depreciation and amortization		(1,428)		(1,406)

Property, plant and equipment, net	$	1,088	$	1,042

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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