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Fixed Assets

3 Months Ended

Mar. 31, 2015

Property Plant And Equipment [Abstract]

5. Fixed Assets

A summary of fixed assets follows:

(Stated in millions)
	Mar. 31,		Dec. 31,
	2015		2014
Property, plant & equipment	$	37,174	$	36,964
Less: Accumulated depreciation		22,039		21,568
	$	15,135	$	15,396

Depreciation expense relating to fixed assets was $827 million and $793 million in the first quarter of 2015 and 2014, respectively.

- 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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