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Property, Plant & Equipment
9 Months Ended
Sep. 30, 2017
Property, Plant and Equipment [Abstract]  
Property, Plant & Equipment
PROPERTY, PLANT & EQUIPMENT
The following table summarizes our property, plant and equipment as of September 30, 2017 and December 31, 2016:
Millions of dollars

September 30,
2017

December 31,
2016
Land

$
126


$
128

Buildings

1,683


1,652

Machinery and equipment

8,797


8,085

Accumulated depreciation

(6,741
)

(6,055
)
Property, plant and equipment, net

$
3,865


$
3,810


During the nine months ended September 30, 2017, we disposed of buildings, machinery and equipment no longer in use with a net book value of $34 million.