Cummins Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 7. PROPERTY, PLANT AND EQUIPMENT

Details of our property, plant and equipment balance were as follows:



	December 31,
In millions	2014			2013
Land and buildings	$	1,822		$	1,427
Machinery, equipment and fixtures	4,722			4,174
Construction in process ⁽¹⁾	579			809
Property, plant and equipment, gross	7,123			6,410
Less: Accumulated depreciation	(3,437		)	(3,254		)
Property, plant and equipment, net	$	3,686		$	3,156

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⁽¹⁾	Construction in process included $14 million in 2014 and $188 million in 2013 related to our light-duty diesel engine platform.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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