Property, Plant and Equipment

6 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

Note 4. Property, Plant and Equipment

Property, plant and equipment consisted of the following:


	As of June 30, 2021		As of December 31, 2020
	(in millions)
Land and land improvements	$	413	$	422
Buildings and building improvements	3,242		3,252
Machinery and equipment	12,194		12,053
Construction in progress	651		628
	16,500		16,355
Accumulated depreciation	(7,643)		(7,329)
Property, plant and equipment, net	$	8,857	$	9,026

For the six months ended June 30, 2021, capital expenditures of $410 million excluded $236 million of accrued capital expenditures remaining unpaid at June 30, 2021 and included payment for $275 million of capital expenditures that were accrued and unpaid at December 31, 2020. For the six months ended June 30, 2020, capital expenditures of $445 million excluded $195 million of accrued capital expenditures remaining unpaid at June 30, 2020 and included payment for $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 June 30,				For the Six Months Ended June 30,
	2021		2020		2021		2020
	(in millions)
Latin America	$	—	$	—	$	—	$	—
AMEA	—		5		(16)		4
Europe	3		1		4		2
North America	62		1		117		2
Total	$	65	$	7	$	105	$	8