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## Note 11. INVENTORIES 

<img src='content_image/1054369.jpg'>

Other assets include inventory expected to remain on hand beyond one year in both periods. 

## Note 12. PROPERTY, PLANT AND EQUIPMENT AND LEASES 

<img src='content_image/1054370.jpg'>

Depreciation expense was $505 million in 2018, $682 million in 2017 and $448 million in 2016. 

Annual minimum rental commitments for non-cancelable operating leases (primarily real estate and motor vehicles) are approximately $100 million in each of the next five years and an aggregate $200 million thereafter. Operating lease expense was approximately $130 million in 2018, $120 million in 2017 and $140 million in 2016. Sublease income and capital lease obligations were not material for all periods presented. 

## Note 13. GOODWILL AND OTHER INTANGIBLE ASSETS 

<img src='content_image/1054371.jpg'>

