XML 42 R26.htm IDEA: XBRL DOCUMENT v3.7.0.1
Property, Plant and Equipment (Tables)
 3 Months Ended
Mar. 31, 2017
Components of Property, Plant and Equipment

Property, plant and equipment consisted of the following:

 

     As of March 31,      As of December 31,  
     2017      2016  
     (in millions)  

Land and land improvements

    $ 476      $ 471  

Buildings and building improvements

      2,885        2,801  

Machinery and equipment

      10,689        10,302  

Construction in progress

      1,025        1,113  
  

 

 

     

 

 

  
     15,075        14,687  

Accumulated depreciation

      (6,698 )       (6,458 ) 
  

 

 

     

 

 

  

Property, plant and equipment, net

    $                   8,377      $ 8,229  
  

 

 

     

 

 

  
2014-2018 Restructuring Program  
Schedule of Restructuring and Implementation Costs

During the three months ended March 31, 2017 and 2016 and since inception of the 2014-2018 Restructuring Program, we recorded restructuring and implementation costs within operating income by segment (as revised to reflect our current segment structure) as follows:

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

For the Three Months Ended
March 31, 2017

            

Restructuring Costs

   $ 24     $ 27     $ 69     $ 38     $ (1 )    $ 157  

Implementation Costs

     9       8       12       13       12       54  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ 33     $ 35     $ 81     $ 51     $ 11     $ 211  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

For the Three Months Ended
March 31, 2016

            

Restructuring Costs

   $ 12     $ 29     $ 67     $ 31     $ –     $ 139  

Implementation Costs

     7       8       30       38       15       98  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ 19     $ 37     $ 97     $ 69     $ 15     $ 237  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Project 2014-2017 (3)

            

Restructuring Costs

   $ 361     $ 334     $ 718     $ 392     $ 51     $ 1,856  

Implementation Costs

     118       94       216       208       188       824  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total

   $ 479     $ 428     $ 934     $ 600     $ 239     $ 2,680  
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

 

  (1) During 2017 and 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 March 31, 2017.
Property Plant and Equipment | Asset impairment and exit costs  
Schedule of Restructuring and Implementation Costs

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

 

     For the Three Months Ended  
     March 31,  
     2017        2016  
     (in millions)  

Latin America

    $ 6        $ 6  

AMEA

      12          9  

Europe

      37          21  

North America

      15          16  

Corporate

      1          —  
  

 

 

       

 

 

  

Total non-cash asset write-downs

    $                         71        $                         52