Property, Plant and Equipment, Net

9 Months Ended

Sep. 30, 2012

Property, Plant and Equipment, Net [Abstract]

Property, Plant and Equipment, Net.

Property, plant and equipment, net consists of the following:



	Useful Life	September 30, 2012			December 31, 2011
	(in years)	(in millions)
Land		$	467		$	464
Buildings and improvements	4 - 40	2,022			1,040
Machinery, equipment and furniture	1 - 30	4,289			2,565
Assets leased to others	15 - 39	664			509
Construction in progress		665			410
		8,107			4,988
Less: Accumulated depreciation and amortization		(1,782		)	(1,483		)
Property, plant and equipment, net		$	6,325		$	3,505

Depreciation and amortization expense related to property, plant and equipment for the three months ended September 30, 2012 and 2011 was $134 million and $86 million, respectively, and for the nine months ended September 30, 2012 and 2011 was $334 million and $258 million, respectively.

- 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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