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Property, Plant and Equipment
 12 Months Ended
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,
 20232022
 (in millions)
Land and land improvements$384 $378 
Buildings and building improvements3,452 3,250 
Machinery and equipment12,736 11,724 
Construction in progress1,118 879 
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,
 202320222021
 (in millions)
Latin America$— $(3)$1 
AMEA(1)3 (15)
Europe2 4 7 
North America16 (1)65 
Corporate— — — 
Total$17 $3 $58