Major classes of property, plant and equipment and their useful lives are as follows: | | | | | | | | | | | | | | | | December 31 | Useful life in years, $ in millions | | Useful Life | | 2013 | | 2012 | Land and land improvements | | Up to 40(1) | |
| $ 373 |
| |
| $ 373 |
| Buildings and improvements | | Up to 45 | | 1,450 |
| | 1,421 |
| Machinery and other equipment | | Up to 20 | | 4,243 |
| | 4,233 |
| Capitalized software costs | | 3-5 | | 418 |
| | 413 |
| Leasehold improvements | | Length of Lease(1) | | 659 |
| | 593 |
| Property, plant and equipment, at cost | | | | 7,143 |
| | 7,033 |
| Accumulated depreciation | | | | (4,337 | ) | | (4,146 | ) | Property, plant and equipment, net | | | |
| $2,806 |
| |
| $2,887 |
|
| | (1) | Land is not a depreciable asset. Leasehold improvements are depreciated over the useful life of the asset if it is shorter than the length of the lease. |
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