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Property, Plant and Equipment
9 Months Ended
Sep. 30, 2016
Property, Plant and Equipment  
Property, Plant and Equipment

8.     Property, Plant and Equipment

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

($ in millions)

2016

    

2015

 

 

 

 

 

 

 

 

Land

$

107

 

$

70

 

Buildings

 

1,259

 

 

1,023

 

Machinery and equipment

 

4,735

 

 

3,904

 

Construction-in-progress

 

553

 

 

408

 

 

 

6,654

 

 

5,405

 

Accumulated depreciation

 

(2,214)

 

 

(2,719)

 

 

$

4,440

 

$

2,686

 

 

Property, plant and equipment are stated at historical or acquired cost. Depreciation expense amounted to $105 million and $237 million for the three and nine months ended September 30, 2016, respectively, and $62 million and $183 million for the comparable periods in 2015.