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Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Schedule of Components of 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

Schedule of Changes Related to Property in Connection with Restructuring Program

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

During 2023, 2022 and 2021, 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, 2023
Restructuring Costs			$	(3)					$	7					$	79					$	19					$	4					$	106
Implementation Costs			1						—						12						8						4						25
Total			$	(2)					$	7					$	91					$	27					$	8					$	131
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
Total Project (Inception to Date)
Restructuring Costs			$	545					$	561					$	1,242					$	676					$	154					$	3,178
Implementation Costs			304						245						581						598						372						2,100
Total			$	849					$	806					$	1,823					$	1,274					$	526					$	5,278

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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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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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