Property, Plant and Equipment

9 Months Ended

Sep. 30, 2021

Property, Plant and Equipment [Abstract]

Note 4. Property, Plant and Equipment

Property, plant and equipment consisted of the following:


	As of September 30, 2021		As of December 31, 2020
	(in millions)
Land and land improvements	$	407	$	422
Buildings and building improvements	3,213		3,252
Machinery and equipment	12,104		12,053
Construction in progress	629		628
	16,353		16,355
Accumulated depreciation	(7,685)		(7,329)
Property, plant and equipment, net	$	8,668	$	9,026

For the nine months ended September 30, 2021, capital expenditures of $639 million excluded $237 million of accrued capital expenditures remaining unpaid at September 30, 2021 and included payment for $275 million of capital expenditures that were accrued and unpaid at December 31, 2020. For the nine months ended September 30, 2020, capital expenditures of $630 million excluded $203 million of accrued capital expenditures remaining unpaid at September 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 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)