Property, Plant and Equipment, Net

3 Months Ended

Mar. 31, 2014

Property, Plant and Equipment, Net [Abstract]

Property, Plant and Equipment, Net.

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



	Useful Life	March 31, 2014			December 31, 2013
	(in years)	(in millions)
Land		$	467		$	465
Buildings and improvements	4 - 40	2,131			2,107
Machinery, equipment and furniture	1 - 30	5,156			5,068
Assets leased to others	15 - 39	3,105			3,017
Construction in progress		671			632
		11,530			11,289
Less: Accumulated depreciation and amortization		(3,360		)	(3,212		)
Property, plant and equipment, net		$	8,170		$	8,077

Depreciation and amortization expense related to property, plant and equipment for the three months ended March 31, 2014 and 2013 was $167 million and $149 million, respectively.

- 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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