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Fixed Assets
 3 Months Ended
Mar. 31, 2016
Property Plant And Equipment [Abstract]  
Fixed Assets

5.   Fixed Assets

A summary of fixed assets follows:

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

Mar. 31,

 

 

Dec. 31,

 

 

2016

 

 

2015

 

Property, plant & equipment

$

37,275

 

 

$

37,120

 

Less: Accumulated depreciation

 

24,016

 

 

 

23,705

 

 

$

13,259

 

 

$

13,415

 

 

Depreciation expense relating to fixed assets was $682 million and $827 million in the first quarter of 2016 and 2015, respectively.