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Restructuring Program (Tables)

3 Months Ended

Mar. 31, 2019

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Program Liability

The Simplify to Grow Program liability activity for the three months ended March 31, 2019 was:

	Severance and related costs				Asset Write-downs				Total
	(in millions)
Liability balance, January 1, 2019	$	373			$	—			$	373
Charges	15				5				20
Cash spent	(53		)		—				(53		)
Non-cash settlements/adjustments (1)	(24		)		(5		)		(29		)
Currency	(4		)		—				(4		)
Liability balance, March 31, 2019	$	307			$	—			$	307

(1) We adopted the new ASU on lease accounting as of January 1, 2019. The ASU revises the accounting for onerous leases such that any onerous lease liability should be netted with the right of use asset. Therefore, we reclassified $23 million onerous lease liability as of March 31, 2019 from accrued liabilities and other accrued liabilities to operating lease right of use assets.

Schedule of Restructuring and Implementation Costs by Segment

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 8, Restructuring Program).

	For the Three Months Ended March 31,
	2019				2018
	(in millions)
Latin America	$	—			$	8
AMEA	1				4
Europe	1				5
North America	3				6
Non-cash property, plant and equipment write-downs	$	5			$	23

During the three months ended March 31, 2019 and March 31, 2018, 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 March 31, 2019
Restructuring Costs	$	—			$	6			$	—			$	6			$	8			$	20
Implementation Costs	15				7				11				4				13				50
Total	$	15			$	13			$	11			$	10			$	21			$	70
For the Three Months Ended March 31, 2018
Restructuring Costs	$	24			$	6			$	7			$	12			$	3			$	52
Implementation Costs	15				12				16				17				2				62
Total	$	39			$	18			$	23			$	29			$	5			$	114
Total Project (3)
Restructuring Costs	$	493			$	523			$	971			$	459			$	124			$	2,570
Implementation Costs	234				175				356				336				291				1,392
Total	$	727			$	698			$	1,327			$	795			$	415			$	3,962

(1) During 2019 and 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) The Corporate column includes minor adjustments for rounding.

(3)

Includes all charges recorded since program inception on May 6, 2014 through March 31, 2019.

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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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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
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-Section S99
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