XML 41 R29.htm IDEA: XBRL DOCUMENT v3.22.2

Property, Plant and Equipment (Tables)

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment [Abstract]

Schedule of Components of 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

Schedule of Restructuring Charges Related to Property, Plant and Equipment

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

During the three and six months ended June 30, 2022 and June 30, 2021, 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 June 30, 2022
Restructuring Costs			$	(2)					$	—					$	—					$	4					$	2					$	4
Implementation Costs			3						3						8						9						(4)						19
Total			$	1					$	3					$	8					$	13					$	(2)					$	23
For the Three Months Ended June 30, 2021
Restructuring Costs			$	—					$	2					$	(1)					$	92					$	7					$	100
Implementation Costs			4						3						11						17						(2)						33
Total			$	4					$	5					$	10					$	109					$	5					$	133
For the Six Months Ended June 30, 2022
Restructuring Costs			$	(3)					$	2					$	2					$	12					$	2					$	15
Implementation Costs			4						4						13						16						2						39
Total			$	1					$	6					$	15					$	28					$	4					$	54
For the Six Months Ended June 30, 2021
Restructuring Costs			$	3					$	(19)					$	5					$	193					$	6					$	188
Implementation Costs			7						5						21						27						7						67
Total			$	10					$	(14)					$	26					$	220					$	13					$	255
Total Project (Inception to Date)
Restructuring Costs			$	551					$	543					$	1,149					$	657					$	151					$	3,051
Implementation Costs			300						243						557						569						358						2,027
Total			$	851					$	786					$	1,706					$	1,226					$	509					$	5,078

X

- References

No definition available.

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

+ Details

Name:	us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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 https://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 https://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 https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747

+ Details

Name:	us-gaap_ScheduleOfRestructuringAndRelatedCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration