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Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Schedule of Components of Property, Plant and Equipment

Property, plant and equipment consisted of the following:

	As of December 31,
	2018				2017
	(in millions)
Land and land improvements	$	424			$	458
Buildings and building improvements	2,984				2,979
Machinery and equipment	10,943				11,195
Construction in progress	894				1,048
	15,245				15,680
Accumulated depreciation	(6,763		)		(7,003		)
Property, plant and equipment, net	$	8,482			$	8,677

Schedule of Changes Related to Property in Connection with Restructuring Program

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,
	2018				2017				2016
	(in millions)
Latin America	$	25			$	36			$	22
AMEA	5				81				44
Europe	15				58				122
North America	13				30				111
Corporate	1				1				2
Non-cash property, plant and equipment write-downs	$	59			$	206			$	301

During 2018, 2017 and 2016, 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 Year Ended December 31, 2018
Restructuring Costs	$	63			$	69			$	132			$	32			$	20			$	316
Implementation Costs	67				39				73				79				57				315
Total	$	130			$	108			$	205			$	111			$	77			$	631
For the Year Ended December 31, 2017
Restructuring Costs	$	93			$	140			$	195			$	84			$	23			$	535
Implementation Costs	43				43				68				58				45				257
Total	$	136			$	183			$	263			$	142			$	68			$	792
For the Year Ended December 31, 2016
Restructuring Costs	$	111			$	96			$	310			$	173			$	24			$	714
Implementation Costs	54				48				88				121				61				372
Total	$	165			$	144			$	398			$	294			$	85			$	1,086
Total Project (3)
Restructuring Costs	$	493			$	517			$	971			$	453			$	116			$	2,550
Implementation Costs	219				168				345				332				278				1,342
Total	$	712			$	685			$	1,316			$	785			$	394			$	3,892

(1) During 2016-2018, 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 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 December 31, 2018.

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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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Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

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