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Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2017

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment, Net

Property, Plant and Equipment, Net.

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

			December 31,
	Useful Life		2017				2016
	(in years)		(in millions)
Land			$	876			$	944
Buildings and improvements	3 - 40		3,249				3,050
Machinery, equipment and furniture	1 - 30		8,324				7,538
Assets leased to others	15 - 39		1,529				1,939
Construction in progress			503				541
			14,481				14,012
Less: Accumulated depreciation and amortization			(4,780		)		(3,890		)
Property, plant and equipment, net			$	9,701			$	10,122

Assets leased to others are related to our Railcar and Real Estate segments. Included in assets leased to others in the table above are our Railcar segment's railcars for lease in the amount of approximately $1.1 billion and $1.5 billion as of December 31, 2017 and 2016, respectively. Additionally, included in assets leased to others in the table above are our Real Estate segment's properties on lease in the amount of $387 million and $415 million as of December 31, 2017 and 2016, respectively. Aggregate accumulated depreciation pertaining to assets leased to others is approximately $201 million and $224 million as of December 31, 2017 and 2016, respectively.

Depreciation and amortization expense related to property, plant and equipment for the years ended December 31, 2017, 2016 and 2015 was $898 million, $917 million and $752 million, respectively.

See Note 5, "Fair Value Measurements," for discussion regarding certain impairments to our property, plant and equipment.

Consolidated Anticipated Future Receipts

The following is a summary of the consolidated anticipated future receipts of the minimum lease payments receivable under the financing and operating method on a consolidated basis at December 31, 2017:

Year		Amount
		(in millions)
2018		$	184
2019		160
2020		118
2021		66
2022		42
Thereafter		92
		$	662

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- References

No definition available.

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- 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-URI http://asc.fasb.org/topic&trid=2155823

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