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v3.22.2

Business Segments - Reporting Information (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021
Segment Operating Income (Loss) |  |  |  |
Net Sales (Note 3) | $ 5,212 | $ 3,979 | $ 10,120 | $ 7,490
Less: |  |  |  |
Income before Income Taxes | 252 | 98 | 386 | 131
Rationalizations (Note 4) | 26 | 18 | 37 | 68
Interest Expense | 110 | 97 | 214 | 176
Other (Income) Expense (Note 5) | (65) | 30 | (60) | 64
Operating Segments |  |  |  |
Less: |  |  |  |
Income before Income Taxes | 364 | 299 | 667 | 525
Rationalizations (Note 4) | 21 | 15 | 32 | 62
Segment Reconciling Items |  |  |  |
Less: |  |  |  |
Rationalizations (Note 4) | 26 | 18 | 37 | 68
Interest Expense | 110 | 97 | 214 | 176
Other (Income) Expense (Note 5) | (65) | 30 | (60) | 64
Corporate incentive compensation plans | 21 | 24 | 40 | 33
Retained expenses of divested operations | 4 | 4 | 7 | 7
Corporate and Eliminations |  |  |  |
Less: |  |  |  |
Other | 16 | 28 | 43 | 46
Americas |  |  |  |
Segment Operating Income (Loss) |  |  |  |
Net Sales (Note 3) | 3,147 | 2,256 | 6,062 | 4,043
Americas | Operating Segments |  |  |  |
Less: |  |  |  |
Income before Income Taxes | 293 | 233 | 509 | 347
Rationalizations (Note 4) | 11 | 8 | 18 | 18
Europe, Middle East and Africa |  |  |  |
Segment Operating Income (Loss) |  |  |  |
Net Sales (Note 3) | 1,497 | 1,230 | 2,923 | 2,461
Europe, Middle East and Africa | Operating Segments |  |  |  |
Less: |  |  |  |
Income before Income Taxes | 52 | 43 | 111 | 117
Rationalizations (Note 4) | 9 | 7 | 14 | 44
Asia Pacific |  |  |  |
Segment Operating Income (Loss) |  |  |  |
Net Sales (Note 3) | 568 | 493 | 1,135 | 986
Asia Pacific | Operating Segments |  |  |  |
Less: |  |  |  |
Income before Income Taxes | 19 | 23 | 47 | 61
Rationalizations (Note 4) | $ 1 | $ 0 | $ 0 | $ 0

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