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PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
Dec. 31, 2017
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANT AND EQUIPMENT
NOTE 7. PROPERTY, PLANT AND EQUIPMENT


Depreciable

 
 
 
 
 

lives-new

Original Cost
 
Net Carrying Value
December 31 (Dollars in millions)
(in years)

2017

2016

 
2017

2016




 
 
 
 
 
GE


 
 
 
 
 
Land and improvements
8
(a)
$
1,175

$
932

 
$
1,154

$
915

Buildings, structures and related equipment
8-40

11,486

9,699

 
6,913

5,180

Machinery and equipment
4-20

26,702

24,599

 
12,734

10,181

Leasehold costs and manufacturing plant under construction
1-10

3,862

3,407

 
3,162

2,827




$
43,225

$
38,637


$
23,963

$
19,103




 
 
 
 
 
GE Capital(b)


 
 
 
 
 
Land and improvements, buildings, structures and related equipment
1-39
(a)
$
171

$
238

 
$
45

$
68

Equipment leased to others




 


   Aircraft(c)
15-20

46,296

47,360

 
30,067

31,786

   All other
4-35

718

587

 
483

371




47,185

48,185


30,595

32,225

Eliminations


(802
)
(925
)
 
(684
)
(809
)
Total


$
89,608

$
85,897

$
0

$
53,874

$
50,518

(a)
Depreciable lives exclude land.
(b)
Included $1,414 million and $1,457 million of original cost of assets leased to GE with accumulated amortization of $193 million and $147 million at December 31, 2017 and 2016, respectively.
(c)
The GECAS business of GE Capital recognized impairment losses of $145 million and $99 million in 2017 and 2016, respectively. These losses are recorded in the caption “Cost of services sold” in the Statement of Earnings (Loss) to reflect adjustments to fair value based on management’s best estimates, which are benchmarked against third-party appraiser current market values for aircraft of similar type and age.

Consolidated depreciation and amortization related to property, plant and equipment was $5,139 million, $4,997 million and $4,847 million in 2017, 2016 and 2015, respectively. Amortization of GE Capital equipment leased to others was $2,190 million, $2,231 million and $2,266 million in 2017, 2016 and 2015, respectively.

Noncancellable future rentals due from customers for equipment on operating leases at December 31, 2017, are as follows:
(In millions)
 

 
Due in
 
    2018
$
3,298

    2019
2,902

    2020
2,597

    2021
2,204

    2022
1,815

    2023 and later
5,590

Total
$
18,407