XML 78 R38.htm IDEA: XBRL DOCUMENT v3.24.0.1

Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of segment reporting of net sales, operating income and total assets

Net sales to unaffiliated customers by reportable segment are as follows:

						2023						2022						2021
Net sales to unaffiliated customers:
North America						$	5,188					$	4,934					$	4,137
South America						1,062						1,124						1,057
Asia-Pacific						1,089						1,107						997
EMEA						821						781						703
Total net sales						$	8,160					$	7,946					$	6,894

No customer accounted for 10 percent or more of our net sales in 2023, 2022 or 2021.

Operating income by reportable segment is as follows:

						2023						2022						2021
Operating income:
North America						$	718					$	565					$	487
South America						142						169						138
Asia-Pacific						126						93						87
EMEA						156						110						106
Corporate						(173)						(150)						(133)
Subtotal						969						787						685
Acquisition/integration costs						—						(1)						(3)
Restructuring/impairment charges						(11)						(4)						(47)
Impairment on disposition of assets						—						—						(340)
Other matters						(1)						(20)						15
Total operating income						$	957					$	762					$	310

Total assets by reportable segment as of December 31, 2023 and 2022 are as follows:

						As of December 31,
						2023						2022
Assets:
North America (a)						$	4,485					$	4,499
South America						980						949
Asia-Pacific						1,479						1,467
EMEA						698						646
Total assets						$	7,642					$	7,561

_____________________

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

Depreciation and amortization, mechanical stores expense and capital expenditures and mechanical stores purchases by reportable segment are as follows:

						2023						2022						2021
Depreciation and amortization:
North America (a)						$	146					$	145					$	146
South America						19						18						18
Asia-Pacific						39						37						40
EMEA						15						15						16
Total						$	219					$	215					$	220
Mechanical stores expense (b):
North America (a)						$	47					$	43					$	43
South America						6						4						6
Asia-Pacific						5						4						3
EMEA						4						4						3
Total						$	62					$	55					$	55
Capital expenditures and mechanical stores purchases:
North America (a)						$	183					$	178					$	166
South America						42						31						38
Asia-Pacific						68						72						81
EMEA						23						19						15
Total						$	316					$	300					$	300

_____________________

(a)North America includes Corporate activities.

(b)Represents costs for spare parts used in the production process that are recorded in PP&E as part of machinery and equipment until they are utilized in the manufacturing process and expensed as a period cost.

Schedule of net sales to unaffiliated customers by country of origin

Net sales to unaffiliated customers by country of origin are as follows:

						2023						2022						2021
U.S.						$	3,069					$	2,978					$	2,509
Mexico						1,571						1,444						1,170
Brazil						669						720						586
Canada						548						512						459
Germany						413						342						309
Colombia						332						333						260
South Korea						325						356						323
Others						1,233						1,261						1,278
Total						$	8,160					$	7,946					$	6,894

Schedule of long-lived assets (excluding intangible assets) by country

Long-lived assets (excluding intangible assets and deferred tax assets) by country as of December 31, 2023 and 2022 are as follows:

						2023						2022
U.S.						$	1,312					$	1,289
Mexico						294						309
Canada						288						273
Brazil						235						209
China						164						144
Thailand						162						153
Germany						133						126
Others						338						435
Total						$	2,926					$	2,938

X

- Definition

Tabular disclosure of the names of foreign countries in which material long-lived assets other than financial instruments, long-term customer relationships of a financial institution, mortgage and other servicing rights, deferred policy acquisition costs, and deferred tax assets are located, and amount of such long-lived assets located in that country or foreign geographic area.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

+ Details

Name:	us-gaap_ScheduleOfEntityWideDisclosureOnGeographicAreasLongLivedAssetsInIndividualForeignCountriesByCountryTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the names of foreign countries from which revenue is material and the amount of revenue from external customers attributed to those countries. An entity may also provide subtotals of geographic information about groups of countries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2

+ Details

Name:	us-gaap_ScheduleOfRevenueFromExternalCustomersAttributedToForeignCountriesByGeographicAreaTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration