Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2016

Components of Property, Plant and Equipment

Property, plant and equipment consisted of the following:


	As of December 31,
	2016			2015
	(in millions)

Land and land improvements	$	471		$	495
Buildings and building improvements		2,801			2,753
Machinery and equipment		10,302			10,044
Construction in progress		1,113			1,262

		14,687			14,554
Accumulated depreciation		(6,458	)		(6,192	)

Property, plant and equipment, net	$	8,229		$	8,362

2014-2018 Restructuring Program

Schedule of Restructuring and Implementation Costs

During 2016, 2015 and 2014, we recorded restructuring and implementation costs related to the 2014-2018 Restructuring Program within operating income by segment (as revised to reflect our new segment structure) as follows:


	Latin						North
	America		AMEA		Europe		America⁽¹⁾		Corporate ⁽²⁾		Total
	(in millions)

For the Year Ended December 31, 2016
Restructuring Costs	$	111	$	96	$	310	$	183	$	14	$	714
Implementation Costs		54		48		88		121		61		372

Total	$	165	$	144	$	398	$	304	$	75	$	1,086

For the Year Ended December 31, 2015
Restructuring Costs	$	145	$	181	$	243	$	114	$	28	$	711
Implementation Costs		39		26		78		69		79		291

Total	$	184	$	207	$	321	$	183	$	107	$	1,002

For the Year Ended December 31, 2014
Restructuring Costs	$	81	$	30	$	96	$	57	$	10	$	274
Implementation Costs		16		12		38		5		36		107

Total	$	97	$	42	$	134	$	62	$	46	$	381

Total Project 2014-2016 ⁽³⁾
Restructuring Costs	$	337	$	307	$	649	$	354	$	52	$	1,699
Implementation Costs		109		86		204		195		176		770

Total	$	446	$	393	$	853	$	549	$	228	$	2,469

(1)

During 2016, our North America region implementation costs included incremental costs that we incurred related to re-negotiating collective bargaining agreements that expired at the end of February 2016 for eight U.S. facilities and related to executing business continuity plans for the North America business.

(2)

Includes adjustment for rounding.

(3)

Includes all charges recorded since program inception on May 6, 2014 through December 31, 2016.

2012-2014 Restructuring Program

Schedule of Restructuring and Implementation Costs

During 2014 and since inception of the 2012-2014 Restructuring Program, we recorded restructuring and implementation costs within operating income by segment (as revised to reflect our new segment structure) as follows:


	Latin						North
	America		AMEA		Europe		America		Corporate ⁽¹⁾		Total
	(in millions)

For the Year Ended December 31, 2014
Restructuring Costs	$	8	$	77	$	162	$	113	$	–	$	360
Implementation Costs		3		6		54		32		4		99

Total	$	11	$	83	$	216	$	145	$	4	$	459

Total Project 2012-2014 ⁽²⁾
Restructuring Costs	$	36	$	83	$	271	$	337	$	2	$	729
Implementation Costs		3		8		90		65		4		170

Total	$	39	$	91	$	361	$	402	$	6	$	899

(1)

Includes adjustment for rounding.

(2)

Includes all charges recorded since program inception in 2012 through conclusion on December 31, 2014.

Property Plant and Equipment | Asset impairment and exit costs

Schedule of Restructuring and Implementation Costs

These charges were recorded in the consolidated statements of earnings within asset impairment and exit costs and in the following segment results as follows:


	For the Years Ended December 31,
	2016		2015		2014
	(in millions)

Latin America	$	22	$	46	$	14
AMEA		44		88		34
Europe		122		65		42
North America		111		65		83
Corporate		2		–		–

Total non-cash asset write-downs	$	301	$	264	$	173