Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2017

Components of Property, Plant and Equipment

Property, plant and equipment consisted of the following:


	As of December 31,
	2017			2016
	(in millions)

Land and land improvements	$	458		$	471
Buildings and building improvements		2,979			2,801
Machinery and equipment		11,195			10,302
Construction in progress		1,048			1,113

		15,680			14,687
Accumulated depreciation		(7,003	)		(6,458	)

Property, plant and equipment, net	$	8,677		$	8,229

2014-2018 Restructuring Program

Schedule of Restructuring and Implementation Costs

During 2017, 2016 and 2015, 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 Year Ended December 31, 2017
Restructuring Costs	$	93	$	141	$	195	$	94	$	12	$	535
Implementation Costs		43		43		68		58		45		257

Total	$	136	$	184	$	263	$	152	$	57	$	792

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

Total Project 2014-2017 ⁽³⁾
Restructuring Costs	$	430	$	448	$	844	$	448	$	64	$	2,234
Implementation Costs		152		129		272		253		221		1,027

Total	$	582	$	577	$	1,116	$	701	$	285	$	3,261

(1)

During 2017 and 2016, our North America region implementation costs included incremental costs that we incurred related to renegotiating 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, 2017.

Property Plant and Equipment | Asset impairment and exit costs

Schedule of Restructuring and Implementation Costs

These charges related to property, plant and equipment were recorded in the consolidated statements of earnings within asset impairment and exit costs and in the segment results as follows:


	For the Years Ended December 31,
	2017		2016		2015
	(in millions)

Latin America	$	36	$	22	$	46
AMEA		81		44		88
Europe		58		122		65
North America		30		111		65
Corporate		1		2		–

Non-cash property, plant and equipment write-downs	$	206	$	301	$	264