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Restructuring Program (Tables) | 9 Months Ended
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Sep. 30, 2021
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring Program Liability | The Simplify to Grow Program liability activity for the nine months ended September 30, 2021 was:
| Severance and related costs |  | Asset Write-downs |  | Total
| (in millions)
Liability balance, January 1, 2021 | $ | 304 |  |  | $ | — |  |  | $ | 304 |
Charges | 84 |  |  | 166 |  |  | 250 |
Cash spent | (129) |  |  | — |  |  | (129) |
Non-cash settlements/adjustments | (4) |  |  | (166) |  |  | (170) |
Currency | (10) |  |  | — |  |  | (10) |
Liability balance, September 30, 2021 | $ | 245 |  |  | $ | — |  |  | $ | 245 |
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) 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 September 30, |  | For the Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
| (in millions)
Latin America | $ | — |  |  | $ | (13) |  |  | $ | — |  |  | $ | (13) |
AMEA | — |  |  | — |  |  | (16) |  |  | 4 |
Europe | 3 |  |  | 1 |  |  | 7 |  |  | 3 |
North America | 48 |  |  | (1) |  |  | 165 |  |  | 1 |
Total | $ | 51 |  |  | $ | (13) |  |  | $ | 156 |  |  | $ | (5) |
During the three and nine months ended September 30, 2021 and September 30, 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 September 30, 2021 |  |  |  |  |  |  |  |  |  |  |
Restructuring Costs | $ | 1 |  |  | $ | 1 |  |  | $ | 2 |  |  | $ | 57 |  |  | $ | 1 |  |  | $ | 62 |
Implementation Costs | — |  |  | 2 |  |  | 6 |  |  | 51 |  |  | 6 |  |  | 65 |
Total | $ | 1 |  |  | $ | 3 |  |  | $ | 8 |  |  | $ | 108 |  |  | $ | 7 |  |  | $ | 127 |
For the Three Months Ended September 30, 2020 |  |  |  |  |  |  |  |  |  |  |
Restructuring Costs | $ | 1 |  |  | $ | 21 |  |  | $ | 40 |  |  | $ | 3 |  |  | $ | 3 |  |  | $ | 68 |
Implementation Costs | 4 |  |  | 6 |  |  | 15 |  |  | 15 |  |  | 6 |  |  | 46 |
Total | $ | 5 |  |  | $ | 27 |  |  | $ | 55 |  |  | $ | 18 |  |  | $ | 9 |  |  | $ | 114 |
For the Nine Months Ended September 30, 2021 |  |  |  |  |  |  |  |  |  |  |
Restructuring Costs | $ | 4 |  |  | $ | (18) |  |  | $ | 7 |  |  | $ | 250 |  |  | $ | 7 |  |  | $ | 250 |
Implementation Costs | 7 |  |  | 7 |  |  | 27 |  |  | 78 |  |  | 13 |  |  | 132 |
Total | $ | 11 |  |  | $ | (11) |  |  | $ | 34 |  |  | $ | 328 |  |  | $ | 20 |  |  | $ | 382 |
For the Nine Months Ended September 30, 2020 |  |  |  |  |  |  |  |  |  |  |
Restructuring Costs | $ | 19 |  |  | $ | 25 |  |  | $ | 52 |  |  | $ | 3 |  |  | $ | 12 |  |  | $ | 111 |
Implementation Costs | 12 |  |  | 12 |  |  | 40 |  |  | 36 |  |  | 41 |  |  | 141 |
Total | $ | 31 |  |  | $ | 37 |  |  | $ | 92 |  |  | $ | 39 |  |  | $ | 53 |  |  | $ | 252 |
Total Project (Inception to Date) |  |  |  |  |  |  |  |  |  |  |
Restructuring Costs | $ | 551 |  |  | $ | 540 |  |  | $ | 1,150 |  |  | $ | 742 |  |  | $ | 149 |  |  | $ | 3,132 |
Implementation Costs | 294 |  |  | 236 |  |  | 538 |  |  | 534 |  |  | 351 |  |  | 1,953 |
Total | $ | 845 |  |  | $ | 776 |  |  | $ | 1,688 |  |  | $ | 1,276 |  |  | $ | 500 |  |  | $ | 5,085 |

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- 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
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- 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
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