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Capital expenditures for property, plant and equipment and the percentage distribution by geographic area for 1996, 1995 and 1994 are as follows (in millions):
Year Ended December 31, 1996 1995 1994 - ------------------------------------------------------------------ Capital expenditures $ 990 $ 937 $ 878 - ------------------------------------------------------------------ North America 27% 31% 29% Africa 3% 2% 3% Greater Europe 38% 41% 37% Latin America 8% 9% 15% Middle & Far East 12% 9% 6% Corporate 12% 8% 10%
In 1996, a strategic business initiative was launched called "Project Infinity" to integrate business systems across the Company's global enterprise over the next seven years. Project Infinity will require significant capital expenditures over the next several years. Project Infinity will enhance competitiveness as it will supply immediate, detailed information about the marketplace to management, associates and bottlers worldwide, providing better and faster decision-making capabilities about operations, marketing and finance.