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Note 7: Property, Plant And Equipment, Net

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment Disclosure [Text Block]

NOTE 7: PROPERTY, PLANT AND EQUIPMENT, NET

(in millions)	As of December 31,
	2012			2011

Land	$	41		$	44
Buildings and building improvements		1,314			1,339
Machinery and equipment		3,716			4,042
Construction in progress		34			60
		5,105			5,485
Accumulated depreciation		(4,412	)		(4,590	)
Net properties	$	693		$	895

Depreciation expense was $218 million, $253 million, and $318 million for the years 2012, 2011, and 2010, respectively, of which approximately $13 million, $10 million, and $6 million, respectively, represented accelerated depreciation in connection with restructuring actions.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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