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Restructuring Program (Tables)

12 Months Ended

Dec. 31, 2022

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Program Liability

The Simplify to Grow Program liability activity for the years ended December 31, 2022 and 2021 was:

			Severance and related costs						Asset Write-downs and Other (1)						Total
			(in millions)
Liability Balance, January 1, 2021			$	304					$	—					$	304
Charges (2)			86						68						154
Cash spent (3)			(160)						—						(160)
Non-cash settlements/adjustments (4)			(5)						(68)						(73)
Currency			(14)						—						(14)
Liability Balance, December 31, 2021			$	211					$	—					$	211
Charges (2)			31						5						36
Cash spent (3)			(69)												(69)
Non-cash settlements/adjustments (4)			(3)						(5)						(8)
Currency			(6)												(6)
Liability balance, December 31, 2022 (5)			$	164					$	—					$	164

(1)Includes gains as a result of assets sold which are included in the restructuring program.

(2)We recorded restructuring charges of $36 million in 2022, $154 million in 2021 and $156 million in 2020 within asset impairment and exit costs and benefit plan non-service income.

(3)We spent $69 million in 2022 and $160 million in 2021 in cash severance and related costs.

(4)In 2022, we recognized non-cash asset write-downs (including accelerated depreciation and other non-cash adjustments, including any gains on sale of assets, primarily real estate, included in the restructuring program totaling $8 million. In 2021, we recognized non-cash asset write-downs (including accelerated depreciation and asset impairments), non-cash pension settlement losses and other non-cash adjustments, partially offset by gains on sale of assets, primarily real estate, included in the restructuring program totaling $73 million.

(5)At December 31, 2022, $126 million of our net restructuring liability was recorded within other current liabilities and $38 million was recorded within other long-term liabilities.

Schedule of Restructuring and Implementation Costs

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 within asset impairment and exit costs on the consolidated statements of earnings and within the segment results as follows (refer to Note 8, Restructuring Program):

			For the Years Ended December 31,
			2022						2021						2020
			(in millions)
Latin America			$	(3)					$	1					$	(12)
AMEA			3						(15)						(7)
Europe			4						7						5
North America			(1)						65						1
Corporate			—						—						—
Total			$	3					$	58					$	(13)

During 2022, 2021 and 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 Year Ended December 31, 2022
Restructuring Costs			$	(6)					$	13					$	16					$	12					$	1					$	36
Implementation Costs			7						6						25						37						12						87
Total			$	1					$	19					$	41					$	49					$	13					$	123
For the Year Ended December 31, 2021
Restructuring Costs			$	7					$	(17)					$	4					$	153					$	7					$	154
Implementation Costs			9						10						33						97						18						167
Total			$	16					$	(7)					$	37					$	250					$	25					$	321
For the Year Ended December 31, 2020
Restructuring Costs			$	30					$	23					$	67					$	23					$	13					$	156
Implementation Costs			18						23						63						72						31						207
Total			$	48					$	46					$	130					$	95					$	44					$	363
Total Project (Inception to Date)
Restructuring Costs			$	548					$	554					$	1,163					$	657					$	150					$	3,072
Implementation Costs			303						245						569						590						368						2,075
Total			$	851					$	799					$	1,732					$	1,247					$	518					$	5,147

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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.

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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.

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-Publisher FASB
-Name Accounting Standards Codification
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