Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment, Net

Property, Plant and Equipment, Net

Note 5. Property, Plant and Equipment, Net

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

(Dollars in millions)	Useful Lives (in years)		December 31, 2016		January 2, 2016
Land and buildings	3 – 40	$	1,884	$	1,859
Machinery and equipment	1 – 20		4,820		4,548
			6,704		6,407
Accumulated depreciation and amortization			(4,123)		(3,915)
Total		$	2,581	$	2,492

At December 31, 2016 and January 2, 2016, assets under capital leases totaled $284 million and $275 million, respectively, and had accumulated amortization of $85 million and $87 million, respectively. The Manufacturing group’s depreciation expense, which included amortization expense on capital leases, totaled $368 million, $383 million and $379 million in 2016, 2015 and 2014, respectively.