Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2015

Property Plant And Equipment [Abstract]

Summary of Property, Plant and Equipment

A summary of property, plant and equipment as of December 31, 2015, and 2014 is as follows:

	2015			2014
	(in millions)
Land and industrial buildings	$	3,056		$	3,306
Plant, machinery and equipment		7,857			8,357
Assets sold with buy-back commitment		2,775			2,750
Construction in progress		191			213
Other		799			868
Gross property, plant and equipment		14,678			15,494
Accumulated depreciation		(8,197	)		(8,629	)
Net property, plant and equipment	$	6,481		$	6,865

Summary of Property, Plant and Equipment Recorded under Finance Leases

A summary of property, plant and equipment recorded under capital leases ¹ as of December 31, 2015, and 2014 is as follows:

	2015			2014
	(in millions)
Gross capital leases ²	$	139		$	148
Accumulated depreciation		(50	)		(41	)
Net capital leases	$	89		$	107

¹ Included in property, plant and equipment table above

² Consists of industrial buildings, plant, machinery and equipment