Property, Plant and Equipment

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

Note 4. Property, Plant and Equipment

Property, plant and equipment consisted of the following:


	As of September 30, 2022		As of December 31, 2021
	(in millions)
Land and land improvements	$	349	$	379
Buildings and building improvements	3,123		3,139
Machinery and equipment	11,474		11,842
Construction in progress	783		732
	15,729		16,092
Accumulated depreciation	(7,097)		(7,434)
Property, plant and equipment, net	$	8,632	$	8,658

For the nine months ended September 30, 2022, capital expenditures of $621 million excluded $255 million of accrued capital expenditures remaining unpaid at September 30, 2022 and included payment for $249 million of

capital expenditures that were accrued and unpaid at December 31, 2021. 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.

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,
	2022		2021		2022		2021
	(in millions)
Latin America	$	(2)	$	—	$	(3)	$	—
AMEA	2		—		2		(16)
Europe	1		3		4		6
North America	(11)		48		(7)		165
Total	$	(10)	$	51	$	(4)	$	155