Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2015

Components of Property, Plant and Equipment

Property, plant and equipment consisted of the following:

	As of December 31,
	2015			2014
	(in millions)
Land and land improvements	$	495		$	574
Buildings and building improvements		2,753			3,117
Machinery and equipment		10,044			11,737
Construction in progress		1,262			1,484
		14,554			16,912
Accumulated depreciation		(6,192	)		(7,085	)
Property, plant and equipment, net	$	8,362		$	9,827

Property Plant and Equipment | Asset impairment and exit costs

Schedule of Restructuring and Implementation Costs

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

	For the Years Ended December 31,
	2015		2014		2013
	(in millions)
Latin America	$	46	$	14	$	–
Asia Pacific		80		23		2
EEMEA		9		16		–
Europe		64		37		27
North America		65		83		60
Total non-cash asset write-downs	$	264	$	173	$	89

2014-2018 Restructuring Program

Schedule of Restructuring and Implementation Costs

During 2015 and 2014, we recorded restructuring and implementation costs related to the 2014-2018 Restructuring Program within operating income as follows:

For the Years Ended December 31,	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Corporate (1)		Total
							(in millions)
2015
Restructuring Costs	$	145	$	133	$	63	$	228	$	114	$	28	$	711
Implementation Costs		39		19		12		73		69		79		291
Total	$	184	$	152	$	75	$	301	$	183	$	107	$	1,002
2014
Restructuring Costs	$	81	$	16	$	19	$	91	$	57	$	10	$	274
Implementation Costs		16		9		4		37		5		36		107
Total	$	97	$	25	$	23	$	128	$	62	$	46	$	381
Total Project 2014-2015 (2)
Restructuring Costs	$	226	$	149	$	82	$	319	$	171	$	38	$	985
Implementation Costs		55		28		16		110		74		115		398
Total	$	281	$	177	$	98	$	429	$	245	$	153	$	1,383

(1) Includes adjustment for rounding.

(2) Includes all charges recorded since program inception on May 6, 2014 through December 31, 2015.

2012-2014 Restructuring Program

Schedule of Restructuring and Implementation Costs

During 2014 and 2013 and since inception of the 2012-2014 Restructuring Program, we recorded restructuring and implementation costs within operating income as follows:

For the Years Ended December 31,	Latin		Asia						North
	America		Pacific		EEMEA		Europe		America		Corporate (1)		Total
							(in millions)
2014
Restructuring Costs	$	8	$	34	$	57	$	148	$	113	$	–	$	360
Implementation Costs		3		6		2		52		32		4		99
Total	$	11	$	40	$	59	$	200	$	145	$	4	$	459
2013
Restructuring Costs	$	21	$	2	$	12	$	95	$	135	$	2	$	267
Implementation Costs		–		–		2		36		25		–		63
Total	$	21	$	2	$	14	$	131	$	160	$	2	$	330
Total Project 2012-2014 (2)
Restructuring Costs	$	36	$	36	$	69	$	249	$	337	$	2	$	729
Implementation Costs		3		6		4		88		65		4		170
Total	$	39	$	42	$	73	$	337	$	402	$	6	$	899

(1) Includes adjustment for rounding.

(2) Includes all charges recorded since program inception in 2012 through conclusion on December 31, 2014.