Property, Plant and Equipment, Net

12 Months Ended

Dec. 28, 2013

Note 5. Property, Plant and Equipment, Net

Our Manufacturing group’s property, plant and equipment, net are composed of the following:

(Dollars in millions)	Useful Lives (in years)	December 28, 2013			December 29, 2012
Land and buildings	3 - 40	$	1,636		$	1,604
Machinery and equipment	1 - 20	4,042			3,822
		5,678			5,426
Accumulated depreciation and amortization		(3,463		)	(3,277		)
Total		$	2,215		$	2,149

At the end of 2013 and 2012, assets under capital leases totaled $247 million and $251 million and had accumulated amortization of $56 million and $51 million, respectively. The Manufacturing group’s depreciation expense, which included amortization expense on capital leases, totaled $335 million, $315 million and $317 million in 2013, 2012 and 2011, 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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