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. |