Note 4. Property, Plant and Equipment
Property, plant and equipment at December 31, 2013 and 2012 were:
| 2013 | 2012 | |||||||
| (in millions) | ||||||||
|
Land and land improvements |
$ | 617 | $ | 643 | ||||
|
Buildings and building improvements |
3,270 | 3,199 | ||||||
|
Machinery and equipment |
12,351 | 11,992 | ||||||
|
Construction in progress |
1,376 | 1,022 | ||||||
|
|
|
|
|
|||||
| 17,614 | 16,856 | |||||||
|
Accumulated depreciation |
(7,367 | ) | (6,846 | ) | ||||
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|
|
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|
Property, plant and equipment, net |
$ | 10,247 | $ | 10,010 | ||||
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In connection with our 2012-2014 Restructuring Program, we recorded non-cash asset write-downs (including accelerated depreciation and asset impairments) of $91 million in 2013 and $18 million in 2012. These charges were recorded in the consolidated statements of earnings within asset impairment and exit costs and are further described in Note 6, 2012-2014 Restructuring Program.