Quarterly report pursuant to Section 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT

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PROPERTY, PLANT AND EQUIPMENT
9 Months Ended
Sep. 30, 2011
PROPERTY, PLANT AND EQUIPMENT

NOTE 5. PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment as of September 30, 2011 and December 31, 2010 consist of the following (in millions):

 

     2011     2010  

Vehicles

   $ 5,678      $ 5,519   

Aircraft (including aircraft under capitalized leases)

     14,608        14,063   

Land

     1,118        1,081   

Buildings

     3,085        3,102   

Building and leasehold improvements

     2,928        2,860   

Plant equipment

     6,755        6,656   

Technology equipment

     1,582        1,552   

Equipment under operating leases

     102        122   

Construction-in-progress

     422        265   
  

 

 

   

 

 

 
     36,278        35,220   

Less: Accumulated depreciation and amortization

     (18,697     (17,833
  

 

 

   

 

 

 
   $ 17,581      $ 17,387   
  

 

 

   

 

 

 

 

In the second quarter of 2011, we recognized a pre-tax loss from certain real estate transactions within our U.S. Domestic Package segment of $15 million ($11 million after-tax) and a pre-tax gain from real estate transactions within our Supply Chain & Freight segment of $48 million ($31 million after-tax). In the third quarter of 2010, we recognized a pre-tax gain of $109 million ($61 million after-tax) on the sale of real estate within our U.S. Domestic Package segment.