Property, Plant and Equipment, net

12 Months Ended

Dec. 31, 2014

Note 6 – Property, Plant and Equipment, net

Property, plant and equipment, net consisted of the following (in millions):


	2014			2013
Land	$	99		$	99
Buildings		5,724			5,602
Machinery and equipment		7,036			7,043
Construction in progress		636			622
		13,495			13,366
Less: accumulated depreciation and amortization		(8,740	)		(8,660)
Total property, plant and equipment, net	$	4,755		$	4,706

- 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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