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v3.20.4

Business Segments - Reporting Information (Details) - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018
Segment Operating Income (Loss) |  |  |
Net Sales | $ 12,321 | $ 14,745 | $ 15,475
Less: |  |  |
Income (loss) before income taxes | (1,140) | 177 | 1,011
Goodwill and Other Asset Impairments | 330 | 0 | 0
Rationalizations | 159 | 205 | 44
Interest Expense | 324 | 340 | 321
Other (Income) Expense | 119 | 98 | (174)
Asset write-offs and accelerated depreciation (Note 3) | 105 | 15 | 4
Corporate incentive compensation plans | 44 | 50 | 13
Operating Segments |  |  |
Less: |  |  |
Income (loss) before income taxes | (14) | 945 | 1,274
Rationalizations | 157 | 205 | 42
Segment Reconciling Items |  |  |
Less: |  |  |
Rationalizations | 159 | 205 | 44
Interest Expense | 324 | 340 | 321
Other (Income) Expense | 119 | 98 | (174)
Asset write-offs and accelerated depreciation (Note 3) | 105 | 15 | 4
Retained expenses of divested operations | 8 | 10 | 9
Corporate and Eliminations |  |  |
Less: |  |  |
Other | 37 | 50 | 46
Americas |  |  |
Segment Operating Income (Loss) |  |  |
Net Sales | 6,556 | 7,922 | 8,168
Less: |  |  |
Asset write-offs and accelerated depreciation (Note 3) | 103 | 13 |
Americas | Operating Segments |  |  |
Less: |  |  |
Income (loss) before income taxes | 9 | 550 | 654
Rationalizations | 94 | 90 | 3
Europe, Middle East and Africa |  |  |
Segment Operating Income (Loss) |  |  |
Net Sales | 4,020 | 4,708 | 5,090
Less: |  |  |
Asset write-offs and accelerated depreciation (Note 3) | 2 | 2 | 4
Europe, Middle East and Africa | Operating Segments |  |  |
Less: |  |  |
Income (loss) before income taxes | (72) | 202 | 363
Rationalizations | 59 | 115 | 36
Asia Pacific |  |  |
Segment Operating Income (Loss) |  |  |
Net Sales | 1,745 | 2,115 | 2,217
Asia Pacific | Operating Segments |  |  |
Less: |  |  |
Income (loss) before income taxes | 49 | $ 193 | 257
Rationalizations | $ 4 |  | $ 3

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