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Business Segments | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Business Segments | NOTE 8. BUSINESS SEGMENTS
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
(In millions) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Sales: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 3,304 |  |  | $ | 2,967 |  |  | $ | 9,366 |  |  | $ | 7,010 |
Europe, Middle East and Africa |  |  | 1,358 |  |  |  | 1,397 |  |  |  | 4,281 |  |  |  | 3,858 |
Asia Pacific |  |  | 649 |  |  |  | 570 |  |  |  | 1,784 |  |  |  | 1,556 |
Net Sales |  | $ | 5,311 |  |  | $ | 4,934 |  |  | $ | 15,431 |  |  | $ | 12,424 |
Segment Operating Income: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 306 |  |  | $ | 259 |  |  | $ | 815 |  |  | $ | 606 |
Europe, Middle East and Africa |  |  | 30 |  |  |  | 81 |  |  |  | 141 |  |  |  | 198 |
Asia Pacific |  |  | 37 |  |  |  | 32 |  |  |  | 84 |  |  |  | 93 |
Total Segment Operating Income |  | $ | 373 |  |  | $ | 372 |  |  | $ | 1,040 |  |  | $ | 897 |
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 (Note 4) |  |  | 6 |  |  |  | 1 |  |  |  | 6 |  |  |  | 1 |
Corporate incentive compensation plans |  |  | 17 |  |  |  | 25 |  |  |  | 57 |  |  |  | 58 |
Retained expenses of divested operations |  |  | 3 |  |  |  | 3 |  |  |  | 10 |  |  |  | 10 |
Other |  |  | 37 |  |  |  | 30 |  |  |  | 80 |  |  |  | 76 |
Income before Income Taxes |  | $ | 106 |  |  | $ | 187 |  |  | $ | 492 |  |  | $ | 318 |
Rationalizations, as described in Note to the Consolidated Financial Statements No. 4, Costs Associated with Rationalization Programs, net (gains) losses on asset sales, as described in Note to the Consolidated Financial Statements No. 5, Other (Income) Expense, and asset write-offs and accelerated depreciation were not charged to the strategic business units ("SBUs") for performance evaluation purposes but were attributable to the SBUs as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
(In millions) |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Rationalizations: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 4 |  |  | $ | 11 |  |  | $ | 22 |  |  | $ | 29 |
Europe, Middle East and Africa |  |  | 42 |  |  |  | 2 |  |  |  | 56 |  |  |  | 46 |
Total Segment Rationalizations |  | $ | 46 |  |  | $ | 13 |  |  | $ | 78 |  |  | $ | 75 |
Corporate |  |  | (1 | ) |  |  | — |  |  |  | 4 |  |  |  | 6 |
|  | $ | 45 |  |  | $ | 13 |  |  | $ | 82 |  |  | $ | 81 |
Net (Gains) Losses on Asset Sales: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | — |  |  | $ | — |  |  | $ | (98 | ) |  | $ | — |
Europe, Middle East and Africa |  |  | — |  |  |  | (8 | ) |  |  | — |  |  |  | (8 | )
Total Segment Net (Gains) Losses on Asset Sales |  | $ | — |  |  | $ | (8 | ) |  | $ | (98 | ) |  | $ | (8 | )
Corporate |  |  | — |  |  |  | (2 | ) |  |  | — |  |  |  | (2 | )
|  | $ | — |  |  | $ | (10 | ) |  | $ | (98 | ) |  | $ | (10 | )
Asset Write-offs and Accelerated Depreciation: |  |  |  |  |  |  |  |  |  |  |  |
Europe, Middle East and Africa |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |
Total Segment Asset Write-offs and Accelerated Depreciation |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 1 |
Corporate |  |  | 6 |  |  |  | — |  |  |  | 6 |  |  |  | — |
|  | $ | 6 |  |  | $ | 1 |  |  | $ | 6 |  |  | $ | 1 |

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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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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