PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Text Block]

Note 13. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment includes:



	December 31,
Dollars in Millions	2013			2012
Land	$	109		$	114
Buildings	4,748			4,963
Machinery, equipment and fixtures	3,699			3,695
Construction in progress	287			611
Gross property, plant and equipment	8,843			9,383
Less accumulated depreciation	(4,264		)	(4,050		)
Property, plant and equipment	$	4,579		$	5,333

Property, plant and equipment related to the Mount Vernon, Indiana manufacturing facility was approximately $300 million as of December 31, 2013. The facility is expected to be sold no earlier than 18 months following the closing of the diabetes business transaction. It was not included in assets held-for-sale because the assets were not available for immediate sale in their present condition and are not expected to be sold within a year. See "—Note 3. Alliances” for further discussion on the sale of the diabetes business.

Depreciation expense was $453 million in 2013, $382 million in 2012 and $448 million in 2011.

- 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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