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Net Property, Plant and Equipment (Tables)
12 Months Ended
Dec. 31, 2018
Net Property, Plant and Equipment  
Summary of property, plant and equipment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful

 

December 31,

 

(Millions of dollars)

    

Lives

    

2018

    

2017

 

Land and improvements

 

3

-

15

years

 

$

238

 

$

224

 

Buildings and improvements

 

 

 

30

years

 

 

591

 

 

525

 

Machinery and equipment

 

3

-

20

years

 

 

1,298

 

 

1,253

 

Vessels and vehicles

 

3

-

18

years

 

 

147

 

 

136

 

Office furniture and fixtures

 

 

 

5

years

 

 

36

 

 

34

 

Construction in progress

 

 

 

 

 

 

 

96

 

 

56

 

 

 

 

 

 

 

 

 

2,406

 

 

2,228

 

Accumulated depreciation and amortization

 

 

 

 

 

 

 

(1,246)

 

 

(1,151)

 

Net property, plant and equipment

 

 

 

 

 

 

$

1,160

 

$

1,077