Property, Plant and Equipment

6 Months Ended

Jun. 30, 2020

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 June 30, 2020			As of December 31, 2019
	(in millions)
Land and land improvements	$	412		$	422
Buildings and building improvements	3,070			3,140
Machinery and equipment	11,119			11,295
Construction in progress	573			680
	15,174			15,537
Accumulated depreciation	(6,809		)	(6,804		)
Property, plant and equipment, net	$	8,365		$	8,733

For the six months ended June 30, 2020, capital expenditures of $445 million excluded $195 million of accrued capital expenditures remaining unpaid at June 30, 2020 and included payment for $334 million of capital expenditures that were accrued and unpaid at December 31, 2019. For the six months ended June 30, 2019, capital expenditures of $465 million excluded $217 million of accrued capital expenditures remaining unpaid at June 30, 2019 and included payment for $331 million of capital expenditures that were accrued and unpaid at December 31, 2018.

In connection with our restructuring program, we recorded non-cash property, plant and equipment write-downs (including accelerated depreciation and asset impairments) in the condensed consolidated statements of earnings within asset impairment and exit costs and within the segment results as follows (refer to Note 7, Restructuring Program).

	For the Three Months Ended June 30,					For the Six Months Ended June 30,
	2020		2019			2020		2019
	(in millions)
Latin America	$	—	$	—		$	—	$	1
AMEA	5		(3		)	4		(2		)
Europe	1		1			2		2
North America	1		1			2		4
Non-cash property, plant and equipment write-downs	$	7	$	(1	)	$	8	$	5