PFIZER INC | 2013 | FY | 3


Property, Plant and Equipment
The following table provides the components of Property, plant and equipment:
 
 
Useful Lives

 
As of December 31,
(MILLIONS OF DOLLARS)
 
(Years)  

 
2013

 
2012

Land
 

 
$
557

 
$
566

Buildings
 
33-50   

 
10,055

 
10,643

Machinery and equipment
 
8-20   

 
10,050

 
9,939

Furniture, fixtures and other
 
3-12 1/2

 
3,914

 
3,860

Construction in progress
 

 
1,102

 
957

 
 
 
 
25,678

 
25,965

Less: Accumulated depreciation
 
 
 
13,281

 
12,752

Property, plant and equipment(a)
 
 
 
$
12,397

 
$
13,213

(a) 
The decrease in total property, plant and equipment is primarily due to depreciation, disposals, impairments and the impact of foreign exchange, partially offset by capital additions.

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