PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Jun. 30, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Text Block]

PROPERTY, PLANT AND EQUIPMENT

Dollars in Millions	June 30, 2015			December 31, 2014
Land	$	109		$	109
Buildings	4,832			4,830
Machinery, equipment and fixtures	3,752			3,774
Construction in progress	461			353
Gross property, plant and equipment	9,154			9,066
Less accumulated depreciation	(4,791		)	(4,649		)
Property, plant and equipment	$	4,363		$	4,417

The Mount Vernon, Indiana manufacturing facility's carrying value was approximately $190 million as of June 30, 2015. The facility is expected to be sold in the third quarter of 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. See "—Note 3. Alliances” for further discussion on the sale of the diabetes business.

Depreciation expense was $258 million and $275 million for the six months ended June 30, 2015 and 2014, respectively.