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v3.22.2.2

Business Segments - Reporting Information (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021
Segment Operating Income (Loss) |  |  |  |
Net Sales (Note 3) | $ 5,311 | $ 4,934 | $ 15,431 | $ 12,424
Less: |  |  |  |
Income before Income Taxes | 106 | 187 | 492 | 318
Rationalizations (Note 4) | 45 | 13 | 82 | 81
Interest Expense | 117 | 104 | 331 | 280
Other (Income) Expense (Note 5) | 42 | 9 | (18) | 73
Asset write-offs and accelerated depreciation | 6 | 1 | 6 | 1
Operating Segments |  |  |  |
Less: |  |  |  |
Income before Income Taxes | 373 | 372 | 1,040 | 897
Rationalizations (Note 4) | 46 | 13 | 78 | 75
Asset write-offs and accelerated depreciation | 0 | 1 | 0 | 1
Segment Reconciling Items |  |  |  |
Less: |  |  |  |
Rationalizations (Note 4) | 45 | 13 | 82 | 81
Interest Expense | 117 | 104 | 331 | 280
Other (Income) Expense (Note 5) | 42 | 9 | (18) | 73
Asset write-offs and accelerated depreciation | 6 | 1 | 6 | 1
Corporate incentive compensation plans | 17 | 25 | 57 | 58
Retained expenses of divested operations | 3 | 3 | 10 | 10
Corporate and Eliminations |  |  |  |
Less: |  |  |  |
Other | 37 | 30 | 80 | 76
Americas |  |  |  |
Segment Operating Income (Loss) |  |  |  |
Net Sales (Note 3) | 3,304 | 2,967 | 9,366 | 7,010
Americas | Operating Segments |  |  |  |
Less: |  |  |  |
Income before Income Taxes | 306 | 259 | 815 | 606
Rationalizations (Note 4) | 4 | 11 | 22 | 29
Europe, Middle East and Africa |  |  |  |
Segment Operating Income (Loss) |  |  |  |
Net Sales (Note 3) | 1,358 | 1,397 | 4,281 | 3,858
Europe, Middle East and Africa | Operating Segments |  |  |  |
Less: |  |  |  |
Income before Income Taxes | 30 | 81 | 141 | 198
Rationalizations (Note 4) | 42 | 2 | 56 | 46
Asset write-offs and accelerated depreciation | 0 | 1 | 0 | 1
Asia Pacific |  |  |  |
Segment Operating Income (Loss) |  |  |  |
Net Sales (Note 3) | 649 | 570 | 1,784 | 1,556
Asia Pacific | Operating Segments |  |  |  |
Less: |  |  |  |
Income before Income Taxes | $ 37 | $ 32 | $ 84 | $ 93

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