10.

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment consisted of the following:


December 31, 2017	Gross Cost		Accumulated Depreciation			Net Cost
Land		81		—			81
Buildings		891		(479	)		412
Facilities & leasehold improvements		3,074		(2,782	)		292
Machinery and equipment		14,529		(12,569	)		1,960
Computer and R&D equipment		397		(351	)		46
Other tangible assets		118		(99	)		19
Construction in progress		284		—			284

Total		19,374		(16,280	)		3,094


December 31, 2016	Gross Cost		Accumulated Depreciation			Net Cost
Land		73		—			73
Buildings		788		(412	)		376
Facilities & leasehold improvements		2,713		(2,474	)		239
Machinery and equipment		12,808		(11,415	)		1,393
Computer and R&D equipment		362		(324	)		38
Other tangible assets		105		(96	)		9
Construction in progress		159		—			159

Total		17,008		(14,721	)		2,287

The line “Construction in progress” in the table above includes property, plant and equipment under construction and equipment under qualification before operating.

Facilities & leasehold improvements, machinery and equipment and other tangible assets include assets acquired under capital lease. The net cost of assets under capital lease was less than $1 million as of both December 31, 2017 and December 31, 2016.

As described in Note 7, the acquisition of ams’s NFC and RFID Reader business resulted in the recognition of building and machinery for $2 million in the year ended December 31, 2016.

The depreciation charge, which includes amortization for capital lease, was $592 million, $635 million and $676 million in 2017, 2016 and 2015, respectively.

Tax incentives and capital investment funding has totaled $139 million for the year ended December 31, 2017, $15 million for the year ended December 31, 2016 and $7 million for the year ended December 31, 2015. Tax incentives and public funding reduced depreciation charges by $21 million, $6 million and $4 million in 2017, 2016 and 2015, respectively.

For the years ended December 31, 2017, 2016 and 2015 the Company sold property, plant and equipment for cash proceeds of $3 million, $4 million and $62 million, respectively.

For the year ended December 31, 2016, the Company impaired $3 million of long-lived assets reclassified as Assets Held for Sale. There was no impairment recognized for the years ended December 31, 2017 and 2015.