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Restructuring Program (Tables)

9 Months Ended

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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 5.P.3)
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-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 420
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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

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-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

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