Property, Plant and Equipment

12 Months Ended

Dec. 31, 2019

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,
	2019			2018
	(in millions)
Land and land improvements	$	422		$	424
Buildings and building improvements	3,140			2,984
Machinery and equipment	11,295			10,943
Construction in progress	680			894
	15,537			15,245
Accumulated depreciation	(6,804		)	(6,763		)
Property, plant and equipment, net	$	8,733		$	8,482

Capital expenditures as presented on the statement of cash flow were $0.9 billion, $1.1 billion and $1.0 billion for the years ending December 31, 2019, 2018 and 2017 and excluded $334 million, $331 million and $357 million 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) of $50 million in 2019, $59 million in 2018 and $206 million in 2017 (see Note 8, Restructuring Program). These charges related to property, plant and equipment

were recorded in the consolidated statements of earnings within asset impairment and exit costs and in the segment results as follows:

	For the Years Ended December 31,
	2019			2018		2017
	(in millions)
Latin America	$	—		$	25	$	36
AMEA	(2		)	5		81
Europe	46			15		58
North America	5			13		30
Corporate	1			1		1
Non-cash property, plant and equipment write-downs	$	50		$	59	$	206