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Property, Plant and Equipment, Net
12 Months Ended
Dec. 29, 2012
Property, Plant and Equipment, Net.  
Property, Plant and Equipment, Net

Note 6. Property, Plant and Equipment, Net

 

Our Manufacturing group’s property, plant and equipment, net are composed of the following:

 

(Dollars in millions)

 

Useful Lives
(in years)

 

 

December 29,
2012

 

 

December 31,
2011

 

Land and buildings

 

4 - 40

 

 

$

1,604

 

 

$

1,502

 

Machinery and equipment

 

1 - 15

 

 

3,822

 

 

3,591

 

 

 

 

 

 

5,426

 

 

5,093

 

Accumulated depreciation and amortization

 

 

 

 

(3,277

)

 

(3,097

)

Total

 

 

 

 

$

2,149

 

 

$

1,996

 

 

At the end of 2012 and 2011, assets under capital leases totaled $251 million and had accumulated amortization of $51 million and $47 million, respectively.  The Manufacturing group’s depreciation expense, which included amortization expense on capital leases, totaled $315 million, $317 million and $308 million in 2012, 2011 and 2010, respectively.