Note 10 - Property, Plant and Equipment, Net of Accumulated Depreciation

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

10.      Property, Plant and Equipment, Net of Accumulated Depreciation

Property, plant and equipment, net of accumulated depreciation follows (in millions):

	March 31, 2015		December 31, 2014
Land	$	452	$	458
Buildings		5,472		5,470
Equipment		13,956		13,848
Construction in progress		1,419		1,322
		21,299		21,098
Accumulated depreciation		(8,591)		(8,332)
Total	$	12,708	$	12,766

In the three months ended March 31, 2015 and 2014, interest costs capitalized as part of Property, plant and equipment, net of accumulated depreciation, were $10 million in both periods.

Manufacturing equipment includes certain components of production equipment that are constructed of precious metals.  At March 31, 2015 and December 31, 2014, the recorded value of precious metals totaled $3.1 billion in both periods.  Depletion expense for precious metals in the three months ended March 31, 2015 and 2014 totaled $7 million and $8 million, respectively.