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Property, Plant and Equipment | 6 Months Ended
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Jun. 30, 2016
Property, Plant and Equipment | Note 4. Property, Plant and Equipment
Property, plant and equipment consisted of the following: |
|  |  |  |  |  | As of June 30, |  |  | As of December 31, |
|  |  |  |  |  | 2016 |  |  | 2015 |
|  |  |  |  |  | (in millions) |
Land and land improvements |  | $ | 504 |  |  | $ | 495 |
Buildings and building improvements |  |  | 2,880 |  |  |  | 2,753 |
Machinery and equipment |  |  | 10,367 |  |  |  | 10,044 |
Construction in progress |  |  | 1,200 |  |  |  | 1,262 |
|  |  |  |  |  |  | 14,951 |  |  |  | 14,554 |
Accumulated depreciation |  |  | (6,526 | ) |  |  | (6,192 | )
Property, plant and equipment, net |  | $ | 8,425 |  |  | $ | 8,362 |
Capital expenditures of $604 million for the six months ended June 30, 2016 exclude $222 million of accrued capital expenditures remaining unpaid at June 30, 2016 and include payment for $322 million of capital expenditures that were accrued and unpaid at December 31, 2015. |
In connection with our restructuring programs, we recorded non-cash asset write-downs (including accelerated depreciation and asset impairments) of $61 million in the three months and $113 million in the six months ended June 30, 2016 and $57 million in the three months and $135 million in the six months ended June 30, 2015 (see Note 6, 2014-2018 Restructuring Program). These charges were recorded in the condensed consolidated statements of earnings within asset impairment and exit costs as follows: |
|  | For the Three Months Ended |  |  | For the Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
|  | (in millions) |
Latin America |  | $ | 8 |  |  | $ | 21 |  |  | $ | 13 |  |  | $ | 34 |
Asia Pacific |  |  | 10 |  |  |  | 9 |  |  |  | 18 |  |  |  | 28 |
EEMEA |  |  | 3 |  |  |  | 2 |  |  |  | 6 |  |  |  | 2 |
Europe |  |  | 16 |  |  |  | 12 |  |  |  | 35 |  |  |  | 37 |
North America |  |  | 22 |  |  |  | 13 |  |  |  | 39 |  |  |  | 34 |
Corporate |  |  | 2 |  |  |  | – |  |  |  | 2 |  |  |  | – |
Total non-cash asset write-downs |  | $ | 61 |  |  | $ | 57 |  |  | $ | 113 |  |  | $ | 135 |

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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 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 Reference 2: 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=51717284&loc=d3e1361-107760 Reference 3: 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=51719941&loc=d3e2921-110230 Reference 4: 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 + Details
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