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Property, Plant and Equipment (Tables)

6 Months Ended

Jun. 30, 2019

Property, Plant and Equipment [Abstract]

Schedule of Components of Property, Plant and Equipment

Property, plant and equipment consisted of the following:

	As of June 30, 2019				As of December 31, 2018
	(in millions)
Land and land improvements	$	422			$	424
Buildings and building improvements	3,017				2,984
Machinery and equipment	10,918				10,943
Construction in progress	854				894
	15,211				15,245
Accumulated depreciation	(6,661		)		(6,763		)
Property, plant and equipment, net	$	8,550			$	8,482

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 8, Restructuring Program).

	For the Three Months Ended June 30,								For the Six Months Ended June 30,
	2019				2018				2019				2018
	(in millions)
Latin America	$	—			$	6			$	1			$	14
AMEA	(3		)		4				(2		)		8
Europe	1				1				2				6
North America	1				2				4				8
Non-cash property, plant and equipment write-downs	$	(1	)		$	13			$	5			$	36

During the three and six months ended June 30, 2019 and June 30, 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 June 30, 2019
Restructuring Costs	$	7			$	3			$	11			$	—			$	(1	)		$	20
Implementation Costs	13				6				17				9				23				68
Total	$	20			$	9			$	28			$	9			$	22			$	88
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 Six Months Ended June 30, 2019
Restructuring Costs	$	7			$	9			$	11			$	6			$	7			$	40
Implementation Costs	28				13				28				13				36				118
Total	$	35			$	22			$	39			$	19			$	43			$	158
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
Total Project (3)
Restructuring Costs	$	500			$	526			$	982			$	459			$	123			$	2,590
Implementation Costs	247				181				373				345				314				1,460
Total	$	747			$	707			$	1,355			$	804			$	437			$	4,050

(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 pension settlement losses and rounding.

(3)

Includes all charges recorded since program inception on May 6, 2014 through June 30, 2019.

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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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