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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2012
Segment Information |
Impact of changes in accounting method on Segment Operating Profit |
There is no impact of the change in accounting method for inventory on Segment Operating Profit for the three months ended June 30, 2011. The impact of the change in pension expense allocation is as follows:
|  | As |  | Change in |  |  |
|  | Originally |  | Pension |  | As |
|  | Reported |  | Allocation |  | Adjusted |
Segment Operating Profit: |  |  |  |  |  |  |
Europe |  | $ | 107 |  | $ | 5 |  | $ | 112 |
North America |  | 56 |  | (6 | ) | 50 |
South America |  | 53 |  |  |  | 53 |
Asia Pacific |  | 9 |  |  |  | 9 |
Reportable segment totals |  | 225 |  | (1 | ) | 224 |
Retained corporate costs and other |  | (14 | ) | 1 |  | (13 | )
The impact of the changes in pension expense allocation and accounting method for inventory on Segment Operating Profit for the six months ended June 30, 2011 is as follows:
|  |  |  |  |  | Change in |  |  |
|  | As |  | Change in |  | Accounting |  |  |
|  | Originally |  | Pension |  | Method for |  | As |
|  | Reported |  | Allocation |  | Inventory |  | Adjusted |
Segment Operating Profit: |  |  |  |  |  |  |  |  |
Europe |  | $ | 178 |  | $ | 10 |  | $ | — |  | $ | 188 |
North America |  | 115 |  | (12 | ) | 10 |  | 113 |
South America |  | 98 |  |  |  |  |  | 98 |
Asia Pacific |  | 33 |  |  |  |  |  | 33 |
Reportable segment totals |  | 424 |  | (2 | ) | 10 |  | 432 |
Retained corporate costs and other |  | (27 | ) | 2 |  |  |  | (25 | )
Net sales for the Company's reportable segments |
Financial information for the three-month periods ended June 30, 2012 and 2011 regarding the Company’s reportable segments is as follows:
|  | 2012 |  | 2011 |
Net sales: |  |  |  |  |
Europe |  | $ | 731 |  | $ | 887 |
North America |  | 516 |  | 506 |
South America |  | 282 |  | 302 |
Asia Pacific |  | 230 |  | 246 |
Reportable segment totals |  | 1,759 |  | 1,941 |
Other |  | 7 |  | 18 |
Net sales |  | $ | 1,766 |  | $ | 1,959 |
Financial information for the six-month periods ended June 30, 2012 and 2011 regarding the Company’s reportable segments is as follows:
|  | 2012 |  | 2011 |
Net sales: |  |  |  |  |
Europe |  | $ | 1,436 |  | $ | 1,585 |
North America |  | 998 |  | 969 |
South America |  | 559 |  | 571 |
Asia Pacific |  | 487 |  | 508 |
Reportable segment totals |  | 3,480 |  | 3,633 |
Other |  | 25 |  | 45 |
Net sales |  | $ | 3,505 |  | $ | 3,678 |
Segment operating profit (loss) for the Company's reportable segments |
Financial information for the three-month periods ended June 30, 2012 and 2011 regarding the Company’s reportable segments is as follows:
|  | 2012 |  | 2011 |
Segment Operating Profit: |  |  |  |  |
Europe |  | $ | 107 |  | $ | 112 |
North America |  | 96 |  | 50 |
South America |  | 47 |  | 53 |
Asia Pacific |  | 16 |  | 9 |
Reportable segment totals |  | 266 |  | 224 |
Items excluded from Segment Operating Profit: |  |  |  |  |
Retained corporate costs and other |  | (27 | ) | (13 | )
Restructuring |  |  |  | (4 | )
Interest income |  | 2 |  | 3 |
Interest expense |  | (62 | ) | (100 | )
Earnings from continuing operations before income taxes |  | $ | 179 |  | $ | 110 |
Financial information for the six-month periods ended June 30, 2012 and 2011 regarding the Company’s reportable segments is as follows:
|  | 2012 |  | 2011 |
Segment Operating Profit: |  |  |  |  |
Europe |  | $ | 215 |  | $ | 188 |
North America |  | 174 |  | 113 |
South America |  | 85 |  | 98 |
Asia Pacific |  | 52 |  | 33 |
Reportable segment totals |  | 526 |  | 432 |
Items excluded from Segment Operating Profit: |  |  |  |  |
Retained corporate costs and other |  | (56 | ) | (25 | )
Restructuring |  |  |  | (12 | )
Interest income |  | 5 |  | 6 |
Interest expense |  | (126 | ) | (176 | )
Earnings from continuing operations before income taxes |  | $ | 349 |  | $ | 225 |
Total assets for the Company's reportable segments |
|  | June 30, |  | December 31, |  | June 30, |
|  | 2012 |  | 2011 |  | 2011 |
Total assets: |  |  |  |  |  |  |
Europe |  | $ | 3,544 |  | $ | 3,588 |  | $ | 3,954 |
North America |  | 2,055 |  | 2,020 |  | 2,042 |
South America |  | 1,583 |  | 1,682 |  | 1,802 |
Asia Pacific |  | 1,318 |  | 1,379 |  | 2,109 |
Reportable segment totals |  | 8,500 |  | 8,669 |  | 9,907 |
Other |  | 334 |  | 306 |  | 286 |
Consolidated totals |  | $ | 8,834 |  | $ | 8,975 |  | $ | 10,193

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