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Restructuring Program (Tables)

12 Months Ended

Dec. 31, 2018

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Program Liability

The Simplify to Grow Program liability activity for the years ended December 31, 2018 and 2017 was:

	Severance and related costs				Asset Write-downs				Total
	(in millions)
Liability Balance, January 1, 2017	$	464			$	—			$	464
Charges	323				212				535
Cash spent	(347		)		—				(347		)
Non-cash settlements/adjustments	(3		)		(212		)		(215		)
Currency	27				—				27
Liability Balance, December 31, 2017	$	464			$	—			$	464
Charges	253				63				316
Cash spent	(310		)		—				(310		)
Non-cash settlements/adjustments	(4		)		(63		)		(67		)
Currency	(30		)		—				(30		)
Liability Balance, December 31, 2018	$	373			$	—			$	373

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,
	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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- Definition

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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
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-Name Accounting Standards Codification
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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4(b)(2))
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

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