Property, Plant and Equipment, Net

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment, Net [Abstract]

Property, Plant and Equipment, Net.

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



	Useful Life	March 31, 2013			December 31, 2012
	(in years)	(in millions)
Land		$	461		$	465
Buildings and improvements	4 - 40	2,068			2,064
Machinery, equipment and furniture	1 - 30	4,682			4,519
Assets leased to others	15 - 39	836			743
Construction in progress		536			649
		8,583			8,440
Less: Accumulated depreciation and amortization		(2,012		)	(1,917		)
Property, plant and equipment, net		$	6,571		$	6,523

Depreciation and amortization expense related to property, plant and equipment for the three months ended March 31, 2013 and 2012 was $134 million and $85 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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