Restructuring Program (Tables)

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Program Liability

The Simplify to Grow Program liability activity for the years ended December 31, 2023 and 2022 was:


	Severance and related costs		Asset Write-downs and Other (1)		Total
	(in millions)
Liability Balance, January 1, 2022	$	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	$	164	$	—	$	164
Charges (2)	89		17		106
Cash spent (3)	(67)		—		(67)
Non-cash settlements/adjustments (4)	—		(17)		(17)
Currency	5		—		5
Liability balance, December 31, 2023 (5)	$	191	$	—	$	191

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

(2)We recorded restructuring charges of $106 million in 2023, $36 million in 2022 and $154 million in 2021 within asset impairment and exit costs and benefit plan non-service income.

(3)We spent $67 million in 2023 and $69 million in 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 $17 million in 2023 and $8 million in 2022.

(5)At December 31, 2023, $102 million of our net restructuring liability was recorded within other current liabilities and $89 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,
	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