Faster, stronger, better. Annual report 2019 creating more smiles with every sip

370
308
295
Other productivity initiatives
3
8
16
Total restructuring and impairment charges and other
productivity initiatives
$
373
$
316
$
311

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87
2019 Multi-Year Productivity Plan
The 2019 Productivity Plan, publicly announced on February 15, 2019, will leverage new technology and 
business models to further simplify, harmonize and automate processes; re-engineer our go-to-market and 
information systems, including deploying the right automation for each market; and simplify our organization 
and optimize our manufacturing and supply chain footprint. In connection with this plan, we expect to incur 
pre-tax charges of approximately $2.5 billion and cash expenditures of approximately $1.6 billion. These 
pre-tax charges are expected to consist of approximately 70% of severance and other employee-related costs, 
15% for asset impairments (all non-cash) resulting from plant closures and related actions, and 15% for other 
costs associated with the implementation of our initiatives. We expect to complete this plan by 2023. 
The total expected plan pre-tax charges are expected to be incurred by division approximately as follows:
FLNA
QFNA
PBNA
LatAm
Europe
AMESA
APAC
Corporate
Expected pre-tax charges
11%
2%
30%
10%
25%
8%
5%
9%
A summary of our 2019 Productivity Plan charges is as follows:
2019
2018
Cost of sales
$
115 $
3
Selling, general and administrative expenses
253
100
Other pension and retiree medical benefits expense
2
35
Total restructuring and impairment charges