PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Jun. 30, 2013

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Text Block]

PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment includes:



Dollars in Millions	June 30, 2013			December 31, 2012
Land	$	113		$	114
Buildings	5,041			4,963
Machinery, equipment and fixtures	3,895			3,695
Construction in progress	344			611
Gross property, plant and equipment	9,393			9,383
Less accumulated depreciation	(4,165		)	(4,050		)
Property, plant and equipment	$	5,228		$	5,333

Depreciation expense was $219 million and $175 million for the six months ended June 30, 2013 and 2012, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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