Property, Plant and Equipment

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]



	2014									2013
(In millions)	Owned			Capital Leases			Total			Owned			Capital Leases			Total
Property, plant and equipment, at cost:
Land	$	413		$	—		$	413		$	433		$	1		$	434
Buildings	2,375			36			2,411			2,336			23			2,359
Machinery and equipment	12,322			70			12,392			12,445			72			12,517
Construction in progress	733			—			733			978			—			978
	15,843			106			15,949			16,192			96			16,288
Accumulated depreciation	(9,002		)	(27		)	(9,029		)	(9,137		)	(21		)	(9,158		)
	6,841			79			6,920			7,055			75			7,130
Spare parts	233			—			233			190			—			190
	$	7,074		$	79		$	7,153		$	7,245		$	75		$	7,320

The range of useful lives of property used in arriving at the annual amount of depreciation are as follows: buildings and improvements, 5 to 45 years; machinery and equipment, 3 to 40 years.

- 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.

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