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Property, Plant and Equipment (Tables)

6 Months Ended

Jun. 30, 2017

Components of Property, Plant and Equipment

Property, plant and equipment consisted of the following:

		As of June 30,				As of December 31,
		2017				2016
		(in millions)
Land and land improvements		$	484			$	471
Buildings and building improvements			2,946				2,801
Machinery and equipment			10,920				10,302
Construction in progress			1,027				1,113
			15,377				14,687
Accumulated depreciation			(6,933	)			(6,458	)
Property, plant and equipment, net		$	8,444			$	8,229

2014-2018 Restructuring Program

Schedule of Restructuring and Implementation Costs

During the three and six months ended June 30, 2017 and June 30, 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 June 30, 2017
Restructuring Costs		$	8			$	48			$	50			$	33			$	9			$	148
Implementation Costs			10				10				19				13				11				63
Total		$	18			$	58			$	69			$	46			$	20			$	211
For the Six Months Ended June 30, 2017
Restructuring Costs		$	31			$	73			$	119			$	72			$	10			$	305
Implementation Costs			20				20				31				25				21				117
Total		$	51			$	93			$	150			$	97			$	31			$	422
For the Three Months Ended June 30, 2016
Restructuring Costs		$	32			$	34			$	45			$	36			$	7			$	154
Implementation Costs			12				10				3				35				14				74
Total		$	44			$	44			$	48			$	71			$	21			$	228
For the Six Months Ended June 30, 2016
Restructuring Costs		$	44			$	63			$	112			$	68			$	6			$	293
Implementation Costs			19				18				33				72				30				172
Total		$	63			$	81			$	145			$	140			$	36			$	465
Total Project 2014-2017 (3)
Restructuring Costs		$	369			$	382			$	768			$	425			$	60			$	2,004
Implementation Costs			128				104				235				221				199				887
Total		$	497			$	486			$	1,003			$	646			$	259			$	2,891

(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 June 30, 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								For the Six Months Ended
		June 30,								June 30,
		2017				2016				2017				2016
		(in millions)
Latin America		$	6			$	8			$	12			$	13
AMEA			30				12				42				21
Europe			4				17				42				38
North America			7				22				22				39
Corporate			–				2				–				2
Total non-cash asset write-downs		$	47			$	61			$	118			$	113

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- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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