2014-2018 Restructuring Program (Tables) - 2014-2018 Restructuring Program

6 Months Ended

Jun. 30, 2018

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring Program Liability

The 2014-2018 Restructuring Program liability activity for the six months ended June 30, 2018 was:



	Severance and related costs			Asset Write-downs			Total
	(in millions)
Liability balance, January 1, 2018	$	464		$	—		$	464
Charges	125			39			164
Cash spent	(161		)	—			(161		)
Non-cash settlements/adjustments	—			(39		)	(39		)
Currency	(24		)	—			(24		)
Liability balance, June 30, 2018	$	404		$	—		$	404

Schedule of Restructuring and Implementation Costs by Segment

During the three and six months ended June 30, 2018 and June 30, 2017, and since inception of the 2014-2018 Restructuring Program, we recorded the following restructuring and implementation costs within segment operating income and earnings before income taxes:



	Latin America		AMEA		Europe		North America ⁽¹⁾		Corporate ⁽²⁾		Total
	(in millions)
For the Three Months Ended June 30, 2018
Restructuring Costs	$	12	$	17	$	63	$	14	$	6	$	112
Implementation Costs	15		8		13		21		13		70
Total	$	27	$	25	$	76	$	35	$	19	$	182
For the Three Months Ended June 30, 2017
Restructuring Costs	$	8	$	48	$	50	$	26	$	16	$	148
Implementation Costs	10		10		19		13		11		63
Total	$	18	$	58	$	69	$	39	$	27	$	211
For the Six Months Ended June 30, 2018
Restructuring Costs	$	36	$	23	$	70	$	26	$	9	$	164
Implementation Costs	30		20		29		38		15		132
Total	$	66	$	43	$	99	$	64	$	24	$	296
For the Six Months Ended June 30, 2017
Restructuring Costs	$	31	$	73	$	119	$	65	$	17	$	305
Implementation Costs	20		20		31		25		21		117
Total	$	51	$	93	$	150	$	90	$	38	$	422
Total Project 2014-2018 ⁽³⁾
Restructuring Costs	$	466	$	471	$	909	$	445	$	107	$	2,398
Implementation Costs	182		149		301		291		236		1,159
Total	$	648	$	620	$	1,210	$	736	$	343	$	3,557


(1)	During 2018 and 2017, our North America region implementation costs included incremental costs that we incurred related to renegotiating collective bargaining agreements that expired in February 2016 for eight U.S. facilities and related to executing business continuity plans for the North America business.

(2)

During the first quarter of 2018, in connection with adopting a new pension cost classification accounting standard, we reclassified certain of our benefit plan component costs other than service costs out of operating income into a new line, benefit plan non-service income, on our condensed consolidated statements of earnings. As such, we have recast our historical operating income, segment operating income and restructuring and implementation costs by segment to reflect this reclassification, which had no impact to earnings before income taxes or net earnings. The benefit plan non-service income amounts no longer recorded in segment operating income are included within the Corporate column in the table above. The Corporate column also includes minor adjustments for rounding.


(3)	Includes all charges recorded since program inception on May 6, 2014 through June 30, 2018.