Registration of securities issued in business combination transactions

PROPERTY, PLANT AND EQUIPMENT

v2.4.0.6
PROPERTY, PLANT AND EQUIPMENT
12 Months Ended
Dec. 31, 2012
PROPERTY, PLANT AND EQUIPMENT  
PROPERTY, PLANT AND EQUIPMENT

5. PROPERTY, PLANT AND EQUIPMENT

        The cost and accumulated depreciation of property, plant and equipment were as follows (dollars in millions):

 
  December 31,  
 
  2012   2011  

Land

  $ 151   $ 148  

Buildings

    666     629  

Plant and equipment

    6,270     6,058  

Construction in progress

    549     330  
           

Total

    7,636     7,165  

Less accumulated depreciation

    (3,980 )   (3,655 )
           

Net

  $ 3,656   $ 3,510  
           

        Depreciation expense for 2012, 2011 and 2010 was $375 million, $374 million and $340 million, respectively, of which $5 million, nil and $1 million was related to discontinued operations in 2012, 2011 and 2010, respectively.

        Property, plant and equipment includes gross assets acquired under capital leases of $1 million and $2 million, respectively, at December 31, 2012 and 2011 and related amounts included in accumulated depreciation were nil and $1 million at December 31, 2012 and 2011, respectively.