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Information by Segment and Geographic Region (Tables)
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Schedule of Segment Reporting of Net Sales, Operating Income and Total Assets
Presented below are our net sales to unaffiliated customers by reportable segment for the periods indicated:
Three Months Ended
March 31,
(in millions)20232022
Net sales to unaffiliated customers:
North America$1,356 $1,174 
South America269 252 
Asia-Pacific277 272 
EMEA235 194 
Total net sales$2,137 $1,892 
Presented below is our operating income by reportable segment for the periods indicated:
Three Months Ended
March 31,
(in millions)20232022
Operating income:
North America$207 $156 
South America41 38 
Asia-Pacific28 22 
EMEA 57 31 
Corporate(37)(34)
Subtotal296 213 
Acquisition/integration costs— (1)
Restructuring/impairment charges— (2)
Other matters(5)— 
Total operating income$291 $210 
Presented below are our total assets by reportable segment as of March 31, 2023 and December 31, 2022:
(in millions)As of
March 31, 2023
As of
December 31, 2022
Assets:
North America (a)
$4,614 $4,499 
South America907 949 
Asia-Pacific1,456 1,467 
EMEA668 646 
Total assets$7,645 $7,561 
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(a)For purposes of presentation, North America includes Corporate assets.