XML 46 R27.htm IDEA: XBRL DOCUMENT v3.22.0.1
Supplemental Balance Sheet Information
12 Months Ended
Dec. 31, 2021
Balance Sheet Related Disclosures [Abstract]  
Supplemental Balance Sheet Information Supplemental Balance Sheet Information
Inventories by major class are as follows at December 31:
Inventories20212020
Raw materials and supplies$505 $454 
Work-in-process39 45 
Finished goods1,248 1,256 
Total Inventories, net$1,792 $1,755 
Non-current inventory, net(100)(82)
Current Inventories, net$1,692 $1,673 

Inventories valued under LIFO amounted to $410 and $439 at December 31, 2021 and 2020, respectively. The excess of current cost over LIFO cost at the end of each year was $60 and $65, respectively. The liquidations of LIFO inventory quantities had no material effect on income in 2021, 2020 and 2019. Inventory classified as non-current at December 31, 2021 was recorded on the Consolidated Balance Sheets as “Other assets.”

Property, plant and equipment, net20212020
Land$163 $166 
Buildings1,603 1,623 
Manufacturing machinery and equipment5,527 5,409 
Other equipment1,606 1,553 
 8,899 8,751 
Accumulated depreciation(5,169)(5,035)
Total Property, plant and equipment, net$3,730 $3,716 

Other accruals20212020
Accrued advertising and coupon redemption$709 $728 
Accrued payroll and employee benefits353 401 
Accrued taxes other than income taxes118 116 
Restructuring accrual21 
Pension and other retiree benefits87 89 
Lease liabilities due in one year137 137 
Accrued interest38 39 
Derivatives93 
Other630 717 
Total Other accruals$2,085 $2,341 

Other liabilities20212020
Pension and other retiree benefits$1,722 $1,815 
Restructuring accrual10 
Long-term lease liabilities451 476 
Other254 354 
Total Other liabilities$2,429 $2,655