Property, Plant And Equipment

12 Months Ended

Dec. 31, 2011

Property, Plant And Equipment [Abstract]

Note 9 – Property, Plant and Equipment

Property, plant and equipment at December 31 consisted of the following:


	2011			2010
Land	$	526		$	542
Buildings and land improvements		10,285			9,695
Machinery and equipment		11,353			11,002
Construction in progress		1,142			1,014
Gross property, plant and equipment		23,306			22,253
Less accumulated depreciation		(13,993	)		(13,322	)
Total	$	9,313		$	8,931

Depreciation expense was $1,119, $1,096 and $1,066 for the years ended December 31, 2011, 2010 and 2009, respectively. Interest capitalized during the years ended December 31, 2011, 2010 and 2009 totaled $57, $48 and $90, respectively.

Rental expense for leased properties was $270, $269 and $273, for the years ended December 31, 2011, 2010 and 2009, respectively. At December 31, 2011, minimum rental payments under capital leases aggregated $197. Minimum rental payments under operating leases with initial or remaining terms of one year or more aggregated $1,311, net of sublease payments of $4, at December 31, 2011. Non-cancellable future rentals due from customers for equipment on operating leases aggregated $105 at December 31, 2011. Payments due under operating and capital leases net of sublease amounts, and non-cancellable future rentals during the next five years are as follows:


	2012		2013		2014		2015		2016
Minimum operating lease payments, net of sublease amounts	$	202	$	180	$	152	$	100	$	81
Future rentals due from customers for equipment on operating leases		15		14		13		13		10
Minimum capital lease payments, net of sublease amounts		91		73		25		6		1

Accounts payable related to purchases of property, plant and equipment were $200 and $265 for the years ended December 31, 2011 and 2010.

- 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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