Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2012

Property, Plant and Equipment, Net [Abstract]

Property, Plant and Equipment, Net.

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



		December 31,
	Useful Life	2012			2011
	(in years)	(in millions)
Land		$	465		$	464
Buildings and improvements	4 - 40	2,064			1,040
Machinery, equipment and furniture	1 - 30	4,519			2,565
Assets leased to others	15 - 39	743			509
Construction in progress		649			410
		8,440			4,988
Less: Accumulated depreciation and amortization		(1,917		)	(1,483		)
Property, plant and equipment, net		$	6,523		$	3,505

Depreciation and amortization expense related to property, plant and equipment for the years ended ended December 31, 2012, 2011 and 2010 was $470 million, $345 million and $365 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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