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Property, Plant and Equipment | 12 Months Ended
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Dec. 31, 2023
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment | Note 4. Property, Plant and Equipment Property, plant and equipment consisted of the following:
| As of December 31,
| 2023 |  | 2022
| (in millions)
Land and land improvements | $ | 384 |  |  | $ | 378 |
Buildings and building improvements | 3,452 |  |  | 3,250 |
Machinery and equipment | 12,736 |  |  | 11,724 |
Construction in progress | 1,118 |  |  | 879 |
| 17,690 |  |  | 16,231 |
Accumulated depreciation | (7,996) |  |  | (7,211) |
Property, plant and equipment, net | $ | 9,694 |  |  | $ | 9,020 |
Capital expenditures as presented on the statement of cash flow were approximately $1.1 billion, $0.9 billion and $1.0 billion for the years ending December 31, 2023, 2022 and 2021, respectively, and excluded $471 million, $324 million and $249 million, respectively, for accrued capital expenditures not yet paid. 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,
| 2023 |  | 2022 |  | 2021
| (in millions)
Latin America | $ | — |  |  | $ | (3) |  |  | $ | 1 |
AMEA | (1) |  |  | 3 |  |  | (15) |
Europe | 2 |  |  | 4 |  |  | 7 |
North America | 16 |  |  | (1) |  |  | 65 |
Corporate | — |  |  | — |  |  | — |
Total | $ | 17 |  |  | $ | 3 |  |  | $ | 58 |

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