Property, Plant and Equipment

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Note 4. Property, Plant and Equipment

Property, plant and equipment consisted of the following:


	As of June 30, 2022		As of December 31, 2021
	(in millions)
Land and land improvements	$	381	$	379
Buildings and building improvements	3,235		3,139
Machinery and equipment	11,746		11,842
Construction in progress	728		732
	16,090		16,092
Accumulated depreciation	(7,337)		(7,434)
Property, plant and equipment, net	$	8,753	$	8,658

For the six months ended June 30, 2022, capital expenditures of $385 million excluded $239 million of accrued capital expenditures remaining unpaid at June 30, 2022 and included payment for $249 million of capital expenditures that were accrued and unpaid at December 31, 2021. 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.

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,
	2022		2021		2022		2021
	(in millions)
Latin America	$	(1)	$	—	$	(1)	$	—
AMEA	—		—		—		(16)
Europe	3		3		3		4
North America	3		62		4		117
Total	$	5	$	65	$	6	$	105