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Business Segments | 3 Months Ended
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Mar. 31, 2022
Segment Reporting [Abstract] |
Business Segments | NOTE 8. BUSINESS SEGMENTS
|  | 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, 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 The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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