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v3.22.1

Business Segments - Reporting Information (Details) - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2022 | Mar. 31, 2021
Segment Operating Income (Loss) |  |  |
Net Sales (Note 3) |  | $ 4,908 | $ 3,511
Less: |  |  |
Income before Income Taxes | [1] | 134 | 33
Rationalizations (Note 4) |  | 11 | 50
Interest Expense |  | 104 | 79
Other (income) expense |  | 5 | 34
Operating Segments |  |  |
Less: |  |  |
Income before Income Taxes |  | 303 | (226)
Rationalizations (Note 4) |  | 11 | 46
Segment Reconciling Items |  |  |
Less: |  |  |
Rationalizations (Note 4) |  | 11 | 50
Interest Expense |  | 104 | 79
Other (income) expense |  | 5 | 34
Corporate incentive compensation plans |  | 19 | 9
Retained expenses of divested operations |  | 3 | 3
Corporate and Eliminations |  |  |
Less: |  |  |
Other |  | 27 | 18
Americas |  |  |
Segment Operating Income (Loss) |  |  |
Net Sales (Note 3) |  | 2,915 | 1,787
Americas | Operating Segments |  |  |
Less: |  |  |
Income before Income Taxes |  | 216 | 114
Rationalizations (Note 4) |  | 7 | 10
Europe, Middle East and Africa |  |  |
Segment Operating Income (Loss) |  |  |
Net Sales (Note 3) |  | 1,426 | 1,231
Europe, Middle East and Africa | Operating Segments |  |  |
Less: |  |  |
Income before Income Taxes |  | 59 | 74
Rationalizations (Note 4) |  | 5 | 36
Asia Pacific |  |  |
Segment Operating Income (Loss) |  |  |
Net Sales (Note 3) |  | 567 | 493
Asia Pacific | Operating Segments |  |  |
Less: |  |  |
Income before Income Taxes |  | 28 | 38
Rationalizations (Note 4) |  | $ (1) | $ 0
[1] | Increase for the three months ended March 31, 2022 was driven by the acquisition of Cooper Tire in 2021.

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