Property, Plant and Equipment

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

Note 4. Property, Plant and Equipment

Property, plant and equipment consisted of the following:


	As of March 31, 2021		As of December 31, 2020
	(in millions)
Land and land improvements	$	411	$	422
Buildings and building improvements	3,196		3,252
Machinery and equipment	11,889		12,053
Construction in progress	616		628
	16,112		16,355
Accumulated depreciation	(7,346)		(7,329)
Property, plant and equipment, net	$	8,766	$	9,026

For the three months ended March 31, 2021, capital expenditures of $216 million excluded $230 million of accrued capital expenditures remaining unpaid at March 31, 2021 and included payment for a portion of the $275 million of capital expenditures that were accrued and unpaid at December 31, 2020. For the three months ended March 31, 2020, capital expenditures of $214 million excluded $259 million of accrued capital expenditures remaining unpaid at March 31, 2020 and included payment for a portion of the $334 million of capital expenditures that were accrued and unpaid at December 31, 2019.

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 in the condensed consolidated statements of earnings within asset impairment and exit costs and within the segment results as follows (refer to Note 7, Restructuring Program).


	For the Three Months Ended March 31,
	2021		2020
	(in millions)
Latin America	$	—	$	—
AMEA	(16)		(1)
Europe	2		1
North America	54		1
Total	$	40	$	1