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Registration of securities issued in business combination transactions

PROPERTY, PLANT AND EQUIPMENT

v2.4.0.8
PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
Dec. 31, 2013
PROPERTY, PLANT AND EQUIPMENT Ìý
PROPERTY, PLANT AND EQUIPMENT

5. PROPERTY, PLANT AND EQUIPMENT

ÌýÌýÌýÌýÌýÌýÌýÌýThe cost and accumulated depreciation of property, plant and equipment were as follows (dollars in millions):

Ìý
 Ìý DecemberÌý31, Ìý
Ìý
 Ìý 2013 Ìý 2012 Ìý

Land

 Ìý $ 159 Ìý $ 151 Ìý

Buildings

 Ìý Ìý 730 Ìý Ìý 666 Ìý

Plant and equipment

 Ìý Ìý 6,617 Ìý Ìý 6,270 Ìý

Construction in progress

 Ìý Ìý 613 Ìý Ìý 549 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý
� � � � � � � �

Total

 Ìý Ìý 8,119 Ìý Ìý 7,636 Ìý

Less accumulated depreciation

 Ìý Ìý (4,360 ) Ìý (3,980 )
Ìý Ìý Ìý Ìý Ìý Ìý
� � � � � � � �

Net

 Ìý $ 3,759 Ìý $ 3,656 Ìý
Ìý Ìý Ìý Ìý Ìý Ìý
� � � � � � � �
� � � � � � � �
Ìý Ìý Ìý Ìý Ìý Ìý

ÌýÌýÌýÌýÌýÌýÌýÌýDepreciation expense for 2013, 2012 and 2011 was $391Ìýmillion, $375Ìýmillion and $374Ìýmillion, respectively, of which $2Ìýmillion, $5Ìýmillion and nil was related to discontinued operations in 2013, 2012 and 2011, respectively.