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Property, Plant and Equipment | 3 Months Ended
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Mar. 31, 2015
Property, Plant and Equipment | Note 4. Property, Plant and Equipment Property, plant and equipment consisted of the following:
|  | As of March 31, |  |  | As of December 31, |
|  | 2015 |  |  | 2014 |
|  | (in millions) |
Land and land improvements |  | $ | 540 |  |  | $ | 574 |
Buildings and building improvements |  |  | 2,946 |  |  |  | 3,117 |
Machinery and equipment |  |  | 11,107 |  |  |  | 11,737 |
Construction in progress |  |  | 1,490 |  |  |  | 1,484 |
|  |  | 16,083 |  |  |  | 16,912 |
Accumulated depreciation |  |  | (6,822 | ) |  |  | (7,085 | )
Property, plant and equipment, net |  | $ | 9,261 |  |  | $ | 9,827 |
In connection with our 2012-2014 Restructuring Program and 2014-2018 Restructuring Program (see Note 6, Restructuring Programs), we recorded non-cash asset write-downs (including accelerated depreciation and asset impairments) of $78 million in the three months ended March 31, 2015 and $12 million in the three months ended March 31, 2014. These charges were recorded in the consolidated statements of earnings within asset impairment and exit costs as follows:
|  | For the Three Months Ended |
|  | March 31, |
|  | 2015 |  |  | 2014 |
|  | (in millions) |
Latin America |  | $ | 13 |  |  | $ | – |
Asia Pacific |  |  | 19 |  |  |  | – |
EEMEA |  |  | – |  |  |  | – |
Europe |  |  | 25 |  |  |  | 1 |
North America |  |  | 21 |  |  |  | 11 |
Total non-cash asset write-downs |  | $ | 78 |  |  | $ | 12 |

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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