Property, Plant and Equipment

12 Months Ended

Dec. 31, 2018

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,
	2018			2017
	(in millions)
Land and land improvements	$	424		$	458
Buildings and building improvements	2,984			2,979
Machinery and equipment	10,943			11,195
Construction in progress	894			1,048
	15,245			15,680
Accumulated depreciation	(6,763		)	(7,003		)
Property, plant and equipment, net	$	8,482		$	8,677

Capital expenditures as presented on the statement of cash flow were $1.1 billion, $1.0 billion and $1.2 billion for the years ending December 31, 2018, 2017 and 2016 and excluded $331 million, $357 million and $343 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 $59 million in 2018, $206 million in 2017 and $301 million in 2016 (see Note 7, 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,
	2018		2017		2016
	(in millions)
Latin America	$	25	$	36	$	22
AMEA	5		81		44
Europe	15		58		122
North America	13		30		111
Corporate	1		1		2
Non-cash property, plant and equipment write-downs	$	59	$	206	$	301