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Fixed Assets

9 Months Ended

Sep. 30, 2013

6. Fixed Assets

A summary of fixed assets follows:

	(Stated in millions)
	Sept. 30, 2013		Dec. 31, 2012
Property, plant & equipment	$	34,571	$	33,168
Less: Accumulated depreciation		19,743		18,388
	$	14,828	$	14,780

Depreciation expense relating to fixed assets was as follows:

	(Stated in millions)
	2013		2012
Third Quarter	$	788	$	730
Nine Months	$	2,324	$	2,144

- 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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