XML 103 R31.htm IDEA: XBRL DOCUMENT v3.19.3

Restructuring Program (Tables)

9 Months Ended

Sep. 30, 2019

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Program Liability

The Simplify to Grow Program liability activity for the nine months ended September 30, 2019 was:

	Severance and related costs				Asset Write-downs				Total
	(in millions)
Liability balance, January 1, 2019	$	373			$	—			$	373
Charges (1)	73				44				117
Cash spent	(124		)		—				(124		)
Non-cash settlements/adjustments (2)	(32		)		(44		)		(76		)
Currency	(12		)		—				(12		)
Liability balance, September 30, 2019	$	278			$	—			$	278

(1) Includes settlement losses of $7 million recorded within benefit plan non-service income on our condensed consolidated statements of earnings.

(2) We adopted the new lease accounting ASU as of January 1, 2019. The ASU requires recording onerous lease liabilities netted with right of use assets. Therefore, during the first quarter of 2019, we reclassified onerous lease liabilities that totaled $23 million 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 September 30,								For the Nine Months Ended September 30,
	2019				2018				2019				2018
	(in millions)
Latin America	$	1			$	4			$	1			$	18
AMEA	(5		)		(4		)		(7		)		4
Europe	42				9				45				15
North America	1				(4		)		5				5
Non-cash property, plant and equipment write-downs	$	39			$	5			$	44			$	42

During the three and nine months ended September 30, 2019 and September 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 September 30, 2019
Restructuring Costs	$	3			$	(3	)		$	73			$	1			$	3			$	77
Implementation Costs	8				9				27				9				22				75
Total	$	11			$	6			$	100			$	10			$	25			$	152
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 Nine Months Ended September 30, 2019
Restructuring Costs	$	10			$	6			$	84			$	7			$	10			$	117
Implementation Costs	36				22				55				22				58				193
Total	$	46			$	28			$	139			$	29			$	68			$	310
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
Total Project (3)
Restructuring Costs	$	503			$	523			$	1,055			$	460			$	126			$	2,667
Implementation Costs	255				190				400				354				336				1,535
Total	$	758			$	713			$	1,455			$	814			$	462			$	4,202

(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 September 30, 2019.

X

- References

No definition available.

+ Details

Name:	us-gaap_RestructuringAndRelatedActivitiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140864-122747

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

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 5.P.4)
-URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

+ Details

Name:	us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-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

+ Details

Name:	us-gaap_ScheduleOfRestructuringReserveByTypeOfCostTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration