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Business Segments (Tables) | 3 Months Ended
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Mar. 31, 2022
Segment Reporting [Abstract] |
Business Segment Reporting Information |
|  | Three Months Ended |
|  | March 31, |
(In millions) |  | 2022 |  |  | 2021 |
Sales: |  |  |  |  |  |
Americas |  | $ | 2,915 |  |  | $ | 1,787 |
Europe, Middle East and Africa |  |  | 1,426 |  |  |  | 1,231 |
Asia Pacific |  |  | 567 |  |  |  | 493 |
Net Sales |  | $ | 4,908 |  |  | $ | 3,511 |
Segment Operating Income: |  |  |  |  |  |
Americas |  | $ | 216 |  |  | $ | 114 |
Europe, Middle East and Africa |  |  | 59 |  |  |  | 74 |
Asia Pacific |  |  | 28 |  |  |  | 38 |
Total Segment Operating Income |  | $ | 303 |  |  | $ | 226 |
Less: |  |  |  |  |  |
Rationalizations (Note 4) |  | $ | 11 |  |  | $ | 50 |
Interest expense |  |  | 104 |  |  |  | 79 |
Other (income) expense (Note 5) |  |  | 5 |  |  |  | 34 |
Corporate incentive compensation plans |  |  | 19 |  |  |  | 9 |
Retained expenses of divested operations |  |  | 3 |  |  |  | 3 |
Other(1) |  |  | 27 |  |  |  | 18 |
Income before Income Taxes |  | $ | 134 |  |  | $ | 33 |
(1) Increase for the three months ended March 31, 2022 was driven by the acquisition of Cooper Tire in 2021.
Rationalizations, Asset sales, Other Expense and Asset Write-offs and Accelerated Depreciation Attributable to the SBUs | Rationalizations, as described in Note to the Consolidated Financial Statements No. 4, Costs Associated with Rationalization Programs, and net (gains) losses on asset sales, as described in Note to the Consolidated Financial Statements No. 5, Other (Income) Expense, were not charged to the strategic business units ("SBUs") for performance evaluation purposes but were attributable to the SBUs as follows:
|  | Three Months Ended |
|  | March 31, |
(In millions) |  | 2022 |  |  | 2021 |
Rationalizations: |  |  |  |  |  |
Americas |  | $ | 7 |  |  | $ | 10 |
Europe, Middle East and Africa |  |  | 5 |  |  |  | 36 |
Asia Pacific |  |  | (1 | ) |  |  | — |
Total Segment Rationalizations |  | $ | 11 |  |  | $ | 46 |
Corporate |  |  | — |  |  |  | 4 |
|  | $ | 11 |  |  | $ | 50 |
Net (Gains) Losses on Asset Sales: |  |  |  |  |  |
Americas |  | $ | (4 | ) |  | $ | — |
Total Segment Net (Gains) Losses on Asset Sales |  | $ | (4 | ) |  | $ | — |

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- Definition Rationalizations Asset Sales Other Expense And Asset Write Offs And Accelerated Depreciation Attributable To Sbus. + References No definition available. + Details
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- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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