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Restructuring Program (Tables)

9 Months Ended

Sep. 30, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Program Liability

The Simplify to Grow Program liability activity for the nine months ended September 30, 2023 was:

			Severance and related costs						Asset Write-downs and Other (1)						Total
			(in millions)
Liability balance, January 1, 2023			$	164					$	—					$	164
Charges (2)			33						15						48
Cash spent (3)			(47)						—						(47)
Non-cash settlements/adjustments (4)			1						(15)						(14)
Currency			—						—						—
Liability balance, September 30, 2023 (5)			$	151					$	—					$	151

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

(2)We recorded restructuring charges of $16 million in the three months ended September 30, 2023 and a gain of $10 million due to the sale of assets included in the restructuring program as well as restructuring charges of $3 million in the three months ended September 30, 2022. We recorded restructuring charges of $48 million in the nine months ended September 30, 2023 and $8 million in the nine months ended September 30, 2022 within asset impairment and exit costs and benefit plan non-service income.

(3)We spent $12 million in the three months ended September 30, 2023 and $12 million in the three months ended September 30, 2022 and spent $47 million in the nine months ended September 30, 2023 and $45 million in the nine months ended September 30, 2022 in cash severance and related costs.

(4)We recognized non-cash asset write-downs (including accelerated depreciation and asset impairments) and other non-cash adjustments, including any gains on sale of restructuring program assets, which totaled a charge of $8 million in the three months ended September 30, 2023 and a gain of $10 million in the three months ended September 30, 2022 and recognized a charge of $14 million in the nine months ended September 30, 2023 and a gain of $1 million in the nine months ended September 30, 2022.

(5)At September 30, 2023, $111 million of our net restructuring liability was recorded within other current liabilities and $40 million was recorded within other long-term liabilities.

Schedule of Restructuring and Implementation Costs by Segment

During the three and nine months ended September 30, 2023 and September 30, 2022, 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 September 30, 2023
Restructuring Costs			$	(1)					$	5					$	—					$	11					$	1					$	16
Implementation Costs			1						(1)						1						1						2						4
Total			$	—					$	4					$	1					$	12					$	3					$	20
For the Three Months Ended September 30, 2022
Restructuring Costs			$	(2)					$	1					$	3					$	(8)					$	(1)					$	(7)
Implementation Costs			1						—						5						8						9						23
Total			$	(1)					$	1					$	8					$	—					$	8					$	16
For the Nine Months Ended September 30, 2023
Restructuring Costs			$	(2)					$	7					$	27					$	16					$	—					$	48
Implementation Costs			—						(1)						3						4						7						13
Total			$	(2)					$	6					$	30					$	20					$	7					$	61
For the Nine Months Ended September 30, 2022
Restructuring Costs			$	(5)					$	3					$	5					$	4					$	1					$	8
Implementation Costs			5						4						18						24						11						62
Total			$	—					$	7					$	23					$	28					$	12					$	70
Total Project (Inception to Date)
Restructuring Costs			$	546					$	561					$	1,190					$	673					$	150					$	3,120
Implementation Costs			303						244						572						594						375						2,088
Total			$	849					$	805					$	1,762					$	1,267					$	525					$	5,208

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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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