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Fixed Assets

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

9. FIXED ASSETS

Fixed assets consist of:


	2014			2013
Cost
Land	$	267		$	236
Buildings		1,718			1,592
Machinery and equipment		11,643			11,510

		13,628			13,338
Accumulated depreciation
Buildings		(605	)		(579	)
Machinery and equipment		(7,359	)		(7,318	)

	$	5,664		$	5,441

Included in the cost of fixed assets are construction in progress expenditures of $843 million [2013 - $762 million] that have not been depreciated.

- 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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