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Property, Plant and Equipment (Tables)

9 Months Ended

Sep. 30, 2017

Components of Property, Plant and Equipment

Property, plant and equipment consisted of the following:
		As of September 30,				As of December 31,
		2017				2016
		(in millions)
Land and land improvements		$	469			$	471
Buildings and building improvements			2,971				2,801
Machinery and equipment			11,179				10,302
Construction in progress			1,014				1,113
			15,633				14,687
Accumulated depreciation			(7,095	)			(6,458	)
Property, plant and equipment, net		$	8,538			$	8,229

2014-2018 Restructuring Program

Schedule of Restructuring and Implementation Costs

During the three and nine months ended September 30, 2017 and September 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 September 30, 2017
Restructuring Costs		$	45			$	32			$	30			$	7			$	(1	)		$	113
Implementation Costs			8				11				18				13				12				62
Total		$	53			$	43			$	48			$	20			$	11			$	175
For the Nine Months Ended September 30, 2017
Restructuring Costs		$	76			$	106			$	149			$	79			$	8			$	418
Implementation Costs			28				30				49				38				34				179
Total		$	104			$	136			$	198			$	117			$	42			$	597
For the Three Months Ended September 30, 2016
Restructuring Costs		$	27			$	9			$	76			$	75			$	–			$	187
Implementation Costs			15				9				45				30				15				114
Total		$	42			$	18			$	121			$	105			$	15			$	301
For the Nine Months Ended September 30, 2016
Restructuring Costs		$	71			$	72			$	188			$	144			$	5			$	480
Implementation Costs			34				27				78				101				46				286
Total		$	105			$	99			$	266			$	245			$	51			$	766
Total Project 2014-2017 (3)
Restructuring Costs		$	413			$	413			$	798			$	433			$	60			$	2,117
Implementation Costs			137				116				253				233				209				948
Total		$	550			$	529			$	1,051			$	666			$	269			$	3,065

(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 September 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 Nine Months Ended
		September 30,								September 30,
		2017				2016				2017				2016
		(in millions)
Latin America		$	13			$	3			$	25			$	16
AMEA			20				9				62				30
Europe			10				49				52				87
North America			3				59				25				98
Corporate			–				–				–				2
Total non-cash asset write-downs		$	46			$	120			$	164			$	233

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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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