v3.3.1.900
Property, Net
12 Months Ended
Dec. 31, 2015
Property, Plant and Equipment, Net [Abstract]  
Property, Plant and Equipment Disclosure
PROPERTY, NET
Property, net consisted of:
 
Estimated Useful
Lives
 
December 31,
 
2015
 
2014
 
(Years)
 
(in millions)
Land
 
$
156

 
$
148

Land and leasehold improvements
3-20
 
143

 
107

Buildings
40
 
652

 
614

Machinery, equipment and tooling
3-20
 
3,713

 
3,265

Furniture and office equipment
3-10
 
342

 
256

Construction in progress
 
315

 
336

Total
 
 
5,321

 
4,726

Less: accumulated depreciation
 
 
(1,944
)
 
(1,705
)
Total property, net
 
 
$
3,377

 
$
3,021


For the year ended December 31, 2015, Delphi recorded asset impairment charges of $16 million in cost of sales related to declines in the fair values of certain fixed assets. For the year ended December 31, 2014, Delphi recorded asset impairment charges of $5 million in cost of sales and $2 million in selling, general and administrative expense related to declines in the fair values of certain fixed assets and capitalized software no longer being utilized. For the year ended December 31, 2013, Delphi did not incur impairment charges related to long-lived assets held for use.