Property, Plant and Equipment

12 Months Ended

Dec. 31, 2020

Property, Plant and Equipment [Abstract]

Note 4. Property, Plant and Equipment

Property, plant and equipment consisted of the following:


	As of December 31,
	2020		2019
	(in millions)
Land and land improvements	$	422	$	422
Buildings and building improvements	3,252		3,140
Machinery and equipment	12,053		11,295
Construction in progress	628		680
	16,355		15,537
Accumulated depreciation	(7,329)		(6,804)
Property, plant and equipment, net	$	9,026	$	8,733

Capital expenditures as presented on the statement of cash flow were $0.9 billion, $0.9 billion and $1.1 billion for the years ending December 31, 2020, 2019 and 2018 and excluded $275 million, $334 million and $331 million for accrued capital expenditures not yet paid.

In connection with our restructuring program, we recorded non-cash property, plant and equipment write-downs (including accelerated depreciation and asset impairments) and losses/(gains) on disposal within asset impairment and exit costs on the consolidated statements of earnings and within the segment results as follows (refer to Note 8, Restructuring Program):


	For the Years Ended December 31,
	2020		2019		2018
	(in millions)
Latin America	$	(12)	$	—	$	25
AMEA	(7)		(2)		5
Europe	5		46		15
North America	1		5		13
Corporate	—		1		1
Total	$	(13)	$	50	$	59