December 31, | ||||||||||||||
(Millions of dollars) | Useful Lives (Years) | 2013 | 2012 | 2011 | ||||||||||
Land | — | $ | 688 | $ | 723 | $ | 753 | |||||||
Buildings and land improvements | 20-45 | 6,928 | 6,214 | 5,857 | ||||||||||
Machinery, equipment and other | 3-10 | 16,793 | 16,073 | 14,435 | ||||||||||
Equipment leased to others | 1-10 | 5,365 | 4,658 | 4,285 | ||||||||||
Construction-in-process | — | 1,542 | 2,264 | 1,996 | ||||||||||
Total property, plant and equipment, at cost | 31,316 | 29,932 | 27,326 | |||||||||||
Less: Accumulated depreciation | (14,241 | ) | (13,471 | ) | (12,931 | ) | ||||||||
Property, plant and equipment–net | $ | 17,075 | $ | 16,461 | $ | 14,395 | ||||||||
Assets recorded under capital leases: 1 | ||||||||||||
December 31, | ||||||||||||
(Millions of dollars) | 2013 | 2012 | 2011 | |||||||||
Gross capital leases 2 | $ | 125 | $ | 134 | $ | 131 | ||||||
Less: Accumulated depreciation | (50 | ) | (58 | ) | (75 | ) | ||||||
Net capital leases | $ | 75 | $ | 76 | $ | 56 |
1 | Included in Property, plant and equipment table above. |
2 | Consists primarily of machinery and equipment. |
(Millions of dollars) | ||||||||||||||||||||||
2014 | 2015 | 2016 | 2017 | 2018 | Thereafter | |||||||||||||||||
$ | 10 | $ | 14 | $ | 22 | $ | 7 | $ | 7 | $ | 47 |
Equipment leased to others (primarily by Cat Financial): | ||||||||||||
December 31, | ||||||||||||
(Millions of dollars) | 2013 | 2012 | 2011 | |||||||||
Equipment leased to others–at original cost | $ | 5,365 | $ | 4,658 | $ | 4,285 | ||||||
Less: Accumulated depreciation | (1,521 | ) | (1,383 | ) | (1,406 | ) | ||||||
Equipment leased to others–net | $ | 3,844 | $ | 3,275 | $ | 2,879 | ||||||
(Millions of dollars) | ||||||||||||||||||||||
2014 | 2015 | 2016 | 2017 | 2018 | Thereafter | |||||||||||||||||
$ | 916 | $ | 626 | $ | 379 | $ | 191 | $ | 95 | $ | 45 |