Property, Plant and Equipment (Tables)

9 Months Ended

Sep. 30, 2018

Property, Plant and Equipment [Abstract]

Schedule of Components of Property, Plant and Equipment

Property, plant and equipment consisted of the following:



	As of September 30, 2018			As of December 31, 2017
	(in millions)
Land and land improvements	$	431		$	458
Buildings and building improvements	2,984			2,979
Machinery and equipment	10,997			11,195
Construction in progress	919			1,048
	15,331			15,680
Accumulated depreciation	(6,928		)	(7,003		)
Property, plant and equipment, net	$	8,403		$	8,677

Schedule of Restructuring Charges Related to Property, Plant and Equipment

In connection with our restructuring program, we recorded non-cash property, plant and equipment write-downs (including accelerated depreciation and asset impairments) in the condensed consolidated statements of earnings within asset impairment and exit costs and within the segment results as follows (refer to Note 7, Restructuring Program).



	For the Three Months Ended September 30,					For the Nine Months Ended September 30,
	2018			2017		2018		2017
	(in millions)
Latin America	$	4		$	13	$	18	$	25
AMEA	(4		)	20		4		62
Europe	9			10		15		52
North America	(4		)	3		5		25
Non-cash property, plant and equipment write-downs	$	5		$	46	$	42	$	164

During the three and nine months ended September 30, 2018 and September 30, 2017, and since inception of the Simplify to Grow 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 September 30, 2018
Restructuring Costs	$	11	$	27	$	26	$	(9	)	$	1	$	56
Implementation Costs	16		8		16		23			20		83
Total	$	27	$	35	$	42	$	14		$	21	$	139
For the Three Months Ended September 30, 2017
Restructuring Costs	$	45	$	32	$	30	$	6		$	—	$	113
Implementation Costs	8		11		18		13			12		62
Total	$	53	$	43	$	48	$	19		$	12	$	175
For the Nine Months Ended September 30, 2018
Restructuring Costs	$	47	$	50	$	96	$	17		$	10	$	220
Implementation Costs	46		28		45		61			35		215
Total	$	93	$	78	$	141	$	78		$	45	$	435
For the Nine Months Ended September 30, 2017
Restructuring Costs	$	76	$	105	$	149	$	71		$	17	$	418
Implementation Costs	28		31		49		38			33		179
Total	$	104	$	136	$	198	$	109		$	50	$	597
Total Project ⁽³⁾
Restructuring Costs	$	477	$	498	$	935	$	436		$	108	$	2,454
Implementation Costs	198		157		317		314			256		1,242
Total	$	675	$	655	$	1,252	$	750		$	364	$	3,696


(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 September 30, 2018.