Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2013

Property, Plant and Equipment, Net [Abstract]

Property, Plant and Equipment, Net.

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



		December 31,
	Useful Life	2013			2012
	(in years)	(in millions)
Land		$	465		$	465
Buildings and improvements	4 - 40	2,107			2,065
Machinery, equipment and furniture	1 - 30	5,068			4,527
Assets leased to others	15 - 39	3,017			2,634
Construction in progress		632			649
		11,289			10,340
Less: Accumulated depreciation and amortization		(3,212		)	(2,679		)
Property, plant and equipment, net		$	8,077		$	7,661

Depreciation and amortization expense related to property, plant and equipment for the years ended December 31, 2013, 2012 and 2011 was $622 million, $529 million and $404 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.

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