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Business Segments | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Business Segments | NOTE 7. BUSINESS SEGMENTS
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
(In millions) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Sales: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 3,120 |  |  | $ | 3,304 |  |  | $ | 8,926 |  |  | $ | 9,366 |
Europe, Middle East and Africa |  |  | 1,374 |  |  |  | 1,358 |  |  |  | 4,207 |  |  |  | 4,281 |
Asia Pacific |  |  | 648 |  |  |  | 649 |  |  |  | 1,817 |  |  |  | 1,784 |
Net Sales |  | $ | 5,142 |  |  | $ | 5,311 |  |  | $ | 14,950 |  |  | $ | 15,431 |
Segment Operating Income: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 258 |  |  | $ | 306 |  |  | $ | 440 |  |  | $ | 815 |
Europe, Middle East and Africa |  |  | 22 |  |  |  | 30 |  |  |  | 11 |  |  |  | 141 |
Asia Pacific |  |  | 56 |  |  |  | 37 |  |  |  | 134 |  |  |  | 84 |
Total Segment Operating Income |  | $ | 336 |  |  | $ | 373 |  |  | $ | 585 |  |  | $ | 1,040 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
Rationalizations (Note 3) |  | $ | 198 |  |  | $ | 45 |  |  | $ | 302 |  |  | $ | 82 |
Interest expense |  |  | 138 |  |  |  | 117 |  |  |  | 403 |  |  |  | 331 |
Other (income) expense (Note 4) |  |  | 21 |  |  |  | 42 |  |  |  | 82 |  |  |  | (18 | )
Asset write-offs (recoveries) and accelerated depreciation, net (Note 3) |  |  | 8 |  |  |  | 6 |  |  |  | 21 |  |  |  | 6 |
Corporate incentive compensation plans |  |  | 2 |  |  |  | 17 |  |  |  | 43 |  |  |  | 57 |
Retained expenses of divested operations |  |  | 2 |  |  |  | 3 |  |  |  | 10 |  |  |  | 10 |
Other(1) |  |  | 26 |  |  |  | 37 |  |  |  | 93 |  |  |  | 80 |
Income (Loss) before Income Taxes |  | $ | (59 | ) |  | $ | 106 |  |  | $ | (369 | ) |  | $ | 492 |
(1) Other for the three and nine months ended September 30, 2023 includes $8 million related to the insurance deductible for the fire in Debica, Poland. Other for the nine months ended September 30, 2023 also includes $14 million related to the insurance deductible for the tornado in Tupelo, Mississippi. Rationalizations, as described in Note to the Consolidated Financial Statements No. 3, Costs Associated with Rationalization Programs, net (gains) losses on asset sales, as described in Note to the Consolidated Financial Statements No. 4, Other (Income) Expense, and asset write-offs (recoveries) 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) |  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Rationalizations: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 4 |  |  | $ | 4 |  |  | $ | 12 |  |  | $ | 22 |
Europe, Middle East and Africa |  |  | 139 |  |  |  | 42 |  |  |  | 227 |  |  |  | 56 |
Asia Pacific |  |  | 20 |  |  |  | — |  |  |  | 23 |  |  |  | — |
Total Segment Rationalizations |  | $ | 163 |  |  | $ | 46 |  |  | $ | 262 |  |  | $ | 78 |
Corporate |  |  | 35 |  |  |  | (1 | ) |  |  | 40 |  |  |  | 4 |
Total Rationalizations |  | $ | 198 |  |  | $ | 45 |  |  | $ | 302 |  |  | $ | 82 |
Net (Gains) Losses on Asset Sales: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | (6 | ) |  | $ | — |  |  | $ | (68 | ) |  | $ | (98 | )
Total Segment Net (Gains) Losses on Asset Sales |  | $ | (6 | ) |  | $ | — |  |  | $ | (68 | ) |  | $ | (98 | )
Asset Write-offs (Recoveries) and Accelerated Depreciation, net: |  |  |  |  |  |  |  |  |  |  |  |
Americas |  | $ | 3 |  |  | $ | — |  |  | $ | 18 |  |  | $ | — |
Europe, Middle East and Africa |  |  | 5 |  |  |  | — |  |  |  | 3 |  |  |  | — |
Total Segment Asset Write-offs (Recoveries) and Accelerated Depreciation, net |  | $ | 8 |  |  | $ | — |  |  | $ | 21 |  |  | $ | — |
Corporate |  |  | — |  |  |  | 6 |  |  |  | — |  |  |  | 6 |
Total Asset Write-offs (Recoveries) and Accelerated Depreciation, net |  | $ | 8 |  |  | $ | 6 |  |  | $ | 21 |  |  | $ | 6 |

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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 -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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