Property, Plant and Equipment, Net

6 Months Ended

Jun. 30, 2013

Property, Plant and Equipment, Net [Abstract]

Property, Plant and Equipment, Net.

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



	Useful Life	June 30, 2013			December 31, 2012
	(in years)	(in millions)
Land		$	460		$	465
Buildings and improvements	4 - 40	2,078			2,064
Machinery, equipment and furniture	1 - 30	4,785			4,519
Assets leased to others	15 - 39	887			743
Construction in progress		543			649
		8,753			8,440
Less: Accumulated depreciation and amortization		(2,125		)	(1,917		)
Property, plant and equipment, net		$	6,628		$	6,523

Depreciation and amortization expense related to property, plant and equipment for the three months ended June 30, 2013 and 2012 was $139 million and $115 million, respectively. Depreciation and amortization expense related to property, plant and equipment for the six months ended June 30, 2013 and 2012 was $273 million and $200 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details