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Property, Plant and Equipment (Tables)

3 Months Ended

Mar. 31, 2021

Property, Plant and Equipment [Abstract]

Schedule of Components of 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

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) 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

During the three months ended March 31, 2021 and March 31, 2020, 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						Corporate						Total
			(in millions)
For the Three Months Ended March 31, 2021
Restructuring Costs			$	3					$	(21)					$	6					$	101					$	(1)					$	88
Implementation Costs			3						2						10						10						9						34
Total			$	6					$	(19)					$	16					$	111					$	8					$	122
For the Three Months Ended March 31, 2020
Restructuring Costs			$	4					$	(1)					$	3					$	2					$	7					$	15
Implementation Costs			7						3						14						10						9						43
Total			$	11					$	2					$	17					$	12					$	16					$	58
Total Project (Inception to Date)
Restructuring Costs			$	550					$	537					$	1,149					$	593					$	141					$	2,970
Implementation Costs			290						231						521						466						347						1,855
Total			$	840					$	768					$	1,670					$	1,059					$	488					$	4,825

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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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-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
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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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