Property, Plant and Equipment, Net

9 Months Ended

Sep. 30, 2011

Property, Plant and Equipment, Net [Abstract]

Property, Plant and Equipment, Net Disclosure [Text Block]

Property, Plant and Equipment, Net.

Property, plant and equipment, net consists of the following:



	Useful Life	September 30, 2011			December 31, 2010
	(in years)	(in millions)
Land		$	457		$	456
Buildings and improvements	4 - 40	1,050			1,028
Machinery, equipment and furniture	1 - 30	2,515			2,371
Assets leased to others	15 - 39	488			482
Construction in progress		457			346
		4,967			4,683
Less: Accumulated depreciation and amortization		(1,432		)	(1,228		)
Property, plant and equipment, net		$	3,535		$	3,455

Depreciation and amortization expense from continuing operations related to property, plant and equipment for the three months ended September 30, 2011 and 2010 was $86 million and $89 million, respectively. For the nine months ended September 30, 2011 and 2010, depreciation and amortization expense from continuing operations was $258 million and $265 million, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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