v3.10.0.1

Property, Plant and Equipment, Net

12 Months Ended

Dec. 31, 2018

Property Plant And Equipment [Abstract]

Property, Plant and Equipment, Net

11 Property, Plant and Equipment, net

The following table presents details of the Company’s property, plant and equipment, net of accumulated depreciation:

		Useful Life (in years)		2018				2017
Land					165				166
Buildings		9 to 50			1,246				1,200
Machinery and installations		2 to 10			3,509				3,179
Other Equipment		1 to 5			537				453
Prepayments and construction in progress					278				172
					5,735				5,170
Less accumulated depreciation					(3,299	)			(2,875	)
Property, plant and equipment, net of accumulated depreciation					2,436				2,295

Land with a book value of $165 million (2017: $166 million) is not depreciated.

There was no significant construction in progress and therefore no related capitalized interest.

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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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