Net Property, Plant and Equipment

12 Months Ended

Dec. 31, 2016

Net Property, Plant and Equipment

Net Property, Plant and Equipment

Note 5

Net Property, Plant and Equipment

The following table is a summary of property, plant and equipment at the end of each year:

	Useful				December 31,
(Millions of dollars)	Lives				2016		2015
Land and improvements	3	-	15	years	$	214	$	185
Buildings and improvements			30	years		486		405
Machinery and equipment	3	-	20	years		1,142		1,025
Vessels and vehicles	3	-	18	years		140		150
Office furniture and fixtures			5	years		32		27
Construction in progress						58		38
						2,072		1,830
Accumulated depreciation and amortization						(1,066)		(999)
Net property, plant and equipment					$	1,006	$	831

Seaboard’s capitalized interest on construction in progress projects was $4 million for the year ended December 31, 2016.