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Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Information

Net sales for the Company's reportable segments

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended June 30,

​

Six months ended June 30,

​

​

​

2021

2020

2021

2020

Net sales:

​

​

​

​

​

​

​

​

​

​

​

​

​

Americas

​

$

890

​

$

724

​

$

1,727

​

$

1,555

​

Europe

​

745

​

555

​

1,384

​

​

1,132

​

Asia Pacific

​

​

​

106

​

​

​

​

229

​

Reportable segment totals

​

1,635

​

1,385

​

3,111

​

2,916

​

Other

​

25

​

​

33

​

​

50

​

​

63

​

Net sales

​

$

1,660

​

$

1,418

​

$

3,161

​

$

2,979

​

Segment operating profit (loss) for the Company's reportable segments

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three months ended June 30,

​

Six months ended June 30,

​

​

2021

2020

2021

2020

Segment operating profit:

​

​

​

​

​

​

​

​

​

​

​

​

​

Americas

​

$

124

​

$

52

​

$

224

​

$

155

​

Europe

​

108

​

42

​

183

​

103

​

Asia Pacific

​

​

​

5

​

​

​

17

​

Reportable segment totals

​

232

​

99

​

407

​

275

​

Items excluded from segment operating profit:

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​

​

​

​

​

​

​

​

​

​

​

​

Retained corporate costs and other

​

​

(42)

​

​

(37)

​

​

(77)

​

​

(65)

​

Brazil indirect tax credit

​

​

69

​

​

​

​

​

69

​

​

​

​

Restructuring, asset impairment and other charges

​

(9)

​

​

(71)

​

​

(9)

​

​

(71)

​

Charge related to Paddock support agreement liability

​

​

​

​

​

​

​

​

(154)

​

​

​

​

Charge for deconsolidation of Paddock

​

​

​

​

​

​

​

​

​

​

(14)

​

Pension settlement charges

​

​

​

​

(8)

​

​

​

​

​

(8)

​

Strategic transaction costs

​

​

​

​

​

(4)

​

​

​

​

​

(4)

​

Interest expense, net

​

(52)

​

​

(98)

​

​

(103)

​

​

(151)

​

Earnings (loss) before income taxes

​

$

198

​

$

(119)

​

$

133

​

$

(38)

​

Total assets for the Company's reportable segments

​

​	​	​	​	​	​	​	​	​	​	​
​	​	June 30,		​	December 31,		​	June 30,		​
​		2021		​	2020		​	2020		​
Total assets:	​	​	​	​	​	​	​	​	​	​
Americas		$	4,972		$	4,927		$	4,707	​
Europe	​		3,502	​		3,507	​		3,315	​
Asia Pacific	​		​	​		​	​		639	​
​	​	​	​	​	​	​	​	​	​	​
Reportable segment totals	​		8,474	​		8,434	​		8,661	​
Other	​		400	​	​	448	​	​	918	​
Consolidated totals		$	8,874		$	8,882		$	9,579	​

X

- Definition

Tabular disclosure of all significant reconciling items in the reconciliation of total assets from reportable segments to the entity's consolidated assets.

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+ References

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-Topic 280
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+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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