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Business Segments - Business Segment Reporting Information (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022
Segment Operating Income: |  |  |  |  |
Net Sales |  | $ 5,142 | $ 5,311 | $ 14,950 | $ 15,431
Less: |  |  |  |  |
Income (Loss) before Income Taxes |  | (59) | 106 | (369) | 492
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
Segment Reconciling Items |  |  |  |  |
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
Operating Segments |  |  |  |  |
Less: |  |  |  |  |
Income (Loss) before Income Taxes |  | 336 | 373 | 585 | 1,040
Rationalizations (Note 3) |  | 163 | 46 | 262 | 78
Asset write-offs (recoveries) and accelerated depreciation, net (Note 3) |  | 8 | 0 | 21 | 0
Americas |  |  |  |  |
Segment Operating Income: |  |  |  |  |
Net Sales |  | 3,120 | 3,304 | 8,926 | 9,366
Americas | Operating Segments |  |  |  |  |
Less: |  |  |  |  |
Income (Loss) before Income Taxes |  | 258 | 306 | 440 | 815
Rationalizations (Note 3) |  | 4 | 4 | 12 | 22
Asset write-offs (recoveries) and accelerated depreciation, net (Note 3) |  | 3 | 0 | 18 | 0
Europe, Middle East and Africa |  |  |  |  |
Segment Operating Income: |  |  |  |  |
Net Sales |  | 1,374 | 1,358 | 4,207 | 4,281
Europe, Middle East and Africa | Operating Segments |  |  |  |  |
Less: |  |  |  |  |
Income (Loss) before Income Taxes |  | 22 | 30 | 11 | 141
Rationalizations (Note 3) |  | 139 | 42 | 227 | 56
Asset write-offs (recoveries) and accelerated depreciation, net (Note 3) |  | 5 | 0 | 3 | 0
Asia Pacific |  |  |  |  |
Segment Operating Income: |  |  |  |  |
Net Sales |  | 648 | 649 | 1,817 | 1,784
Asia Pacific | Operating Segments |  |  |  |  |
Less: |  |  |  |  |
Income (Loss) before Income Taxes |  | 56 | 37 | 134 | 84
Rationalizations (Note 3) |  | $ 20 | $ 0 | $ 23 | $ 0
[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.

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