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Information by Segment and Geographic Region (Tables)

9 Months Ended

Sep. 30, 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 September 30,												Nine Months Ended September 30,
(in millions)						2023						2022						2023						2022
Net sales to unaffiliated customers:
North America						$	1,300					$	1,262					$	3,998					$	3,720
South America						269						293						795						835
Asia-Pacific						272						278						816						825
EMEA						192						190						630						579
Total net sales						$	2,033					$	2,023					$	6,239					$	5,959

Presented below is our operating income by reportable segment for the periods indicated:

						Three Months Ended September 30,												Nine Months Ended September 30,
(in millions)						2023						2022						2023						2022
Operating income:
North America						$	171					$	126					$	575					$	443
South America						32						48						96						125
Asia-Pacific						33						27						88						70
EMEA						32						30						131						90
Corporate						(49)						(40)						(124)						(109)
Subtotal						219						191						766						619
Acquisition/integration costs						—						—						—						(1)
Restructuring/impairment charges						(10)						—						(10)						(4)
Other matters						4						(9)						(1)						(9)
Total operating income						$	213					$	182					$	755					$	605

Presented below are our total assets by reportable segment as of September 30, 2023 and December 31, 2022:

(in millions)						As of September 30, 2023						As of December 31, 2022
Assets:
North America (a)						$	4,537					$	4,499
South America						926						949
Asia-Pacific						1,418						1,467
EMEA						668						646
Total assets						$	7,549					$	7,561

_____________________

(a)For purposes of presentation, North America includes Corporate assets.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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No definition available.

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