Property, Plant and Equipment
Property, plant and equipment at December 31 consisted of the following:
|
| | | | | | | |
| 2013 |
| | 2012 |
|
Land |
| $562 |
| |
| $531 |
|
Buildings and land improvements | 11,068 |
| | 10,696 |
|
Machinery and equipment | 12,376 |
| | 11,847 |
|
Construction in progress | 1,288 |
| | 1,231 |
|
Gross property, plant and equipment | 25,294 |
| | 24,305 |
|
Less accumulated depreciation | (15,070 | ) | | (14,645 | ) |
Total |
| $10,224 |
| |
| $9,660 |
|
Depreciation expense was $1,338, $1,248 and $1,119 for the years ended December 31, 2013, 2012 and 2011, respectively. Interest capitalized during the years ended December 31, 2013, 2012 and 2011 totaled $87, $74 and $57, respectively.
Rental expense for leased properties was $287, $276 and $270, for the years ended December 31, 2013, 2012 and 2011, respectively. At December 31, 2013, minimum rental payments under capital leases aggregated $134. Minimum rental payments under operating leases with initial or remaining terms of one year or more aggregated $1,401, net of sublease payments of $14 at December 31, 2013. Payments due under operating and capital leases net of sublease amounts and non-cancellable future rentals during the next five years are as follows:
|
| | | | | | | | | | | | | | | | | | | |
| 2014 |
| | 2015 |
| | 2016 |
| | 2017 |
| | 2018 |
|
Minimum operating lease payments, net of sublease amounts |
| $223 |
| |
| $171 |
| |
| $142 |
| |
| $120 |
| |
| $95 |
|
Minimum capital lease payments, net of sublease amounts | 61 |
| | 37 |
| | 22 |
| | 14 |
| | 0 |
|
Accounts payable related to purchases of property, plant and equipment were $213 and $234 for the years ended December 31, 2013 and 2012.
