PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Jun. 30, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Text Block]

PROPERTY, PLANT AND EQUIPMENT



Dollars in Millions	June 30, 2014			December 31, 2013
Land	$	110		$	109
Buildings	4,806			4,748
Machinery, equipment and fixtures	3,773			3,699
Construction in progress	247			287
Gross property, plant and equipment	8,936			8,843
Less accumulated depreciation	(4,498		)	(4,264		)
Property, plant and equipment	$	4,438		$	4,579

The Mount Vernon, Indiana manufacturing facility's carrying value was approximately $276 million as of June 30, 2014. The facility is expected to be sold in 2015. It was not included in assets held-for-sale for both periods because the assets were not available for immediate sale in their present condition and were 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 $275 million and $219 million for the six months ended June 30, 2014 and 2013, respectively.

- 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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