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Property, Plant and Equipment
12 Months Ended
Dec. 31, 2018
Property, Plant and Equipment

NOTE 6—PROPERTY, PLANT AND EQUIPMENT:

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

 

     December 31,  
     2018      2017  
     (U.S. $ in millions)  
Machinery and equipment    $ 5,691      $ 5,809  
Buildings      3,143        3,329  
Computer equipment and other assets      2,097        2,016  
Payments on account      514        634  
Land*      351        390  
  

 

 

    

 

 

 
     11,796        12,178  
Less—accumulated depreciation      (4,928      (4,505
  

 

 

    

 

 

 
   $ 6,868      $ 7,673  
  

 

 

    

 

 

 

 

*

Land includes long-term leasehold rights in various locations, with lease term of between 30 and 99 years.

Depreciation expenses were $676 million, $632 million and $501 million in the years ended December 31, 2018, 2017 and 2016, respectively. During the years ended December 31, 2018, 2017 and 2016, Teva had impairments of property, plant and equipment in the amount of $500 million, $544 million and $157 million, respectively. See note 18.