Restructuring Program (Tables)

3 Months Ended

Mar. 31, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Program Liability

The Simplify to Grow Program liability activity for the three months ended March 31, 2023 was:

	Severance and related costs		Asset Write-downs and Other (1)		Total
	(in millions)
Liability balance, January 1, 2023	$	164	$	—	$	164
Charges (2)	29		1		30
Cash spent (3)	(18)		—		(18)
Non-cash settlements/adjustments (4)	—		(1)		(1)
Currency	2		—		2
Liability balance, March 31, 2023 (5)	$	177	$	—	$	177

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

(2)We recorded restructuring charges of $30 million in the first quarter of 2023 and $11 million in the first quarter of 2022 within asset impairment and exit costs and benefit plan non-service income.

(3)We spent $18 million in the first quarter of 2023 and $17 million in the first quarter of 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 $1 million in the first quarter of 2023 and a charge of $2 million in the first quarter of 2022.

(5)At March 31, 2023, $135 million of our net restructuring liability was recorded within other current liabilities and $42 million was recorded within other long-term liabilities.

Schedule of Restructuring and Implementation Costs by Segment

During the three months ended March 31, 2023 and March 31, 2022, 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 Three Months Ended March 31, 2023
Restructuring Costs	$	—	$	1	$	30	$	(1)	$	—	$	30
Implementation Costs	—		—		—		—		5		5
Total	$	—	$	1	$	30	$	(1)	$	5	$	35
For the Three Months Ended March 31, 2022
Restructuring Costs	$	(1)	$	2	$	2	$	8	$	—	$	11
Implementation Costs	1		1		5		7		6		20
Total	$	—	$	3	$	7	$	15	$	6	$	31
Total Project (Inception to Date)
Restructuring Costs	$	548	$	555	$	1,193	$	656	$	150	$	3,102
Implementation Costs	303		245		569		590		373		2,080
Total	$	851	$	800	$	1,762	$	1,246	$	523	$	5,182