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Fixed Assets
 3 Months Ended
Mar. 31, 2018
Property Plant And Equipment [Abstract]  
Fixed Assets

5.   Fixed Assets

A summary of fixed assets follows:

 

(Stated in millions)

 

 

 

 

 

 

 

 

 

 

Mar. 31,

 

 

Dec. 31,

 

 

2018

 

 

2017

 

Property, plant & equipment

$

38,104

 

 

$

37,813

 

Less: Accumulated depreciation

 

26,548

 

 

 

26,237

 

 

$

11,556

 

 

$

11,576

 

 

Depreciation expense relating to fixed assets was $523 million and $613 million in first quarter of 2018 and 2017, respectively.