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v3.22.4

Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Information |
Net sales for the Company's reportable segments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Net sales: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Americas | ​ | $ | 3,835 | ​ | $ | 3,557 | ​ | $ | 3,322
Europe | ​ | ​ | 2,878 | ​ | ​ | 2,687 | ​ | ​ | 2,364
Asia Pacific | ​ |  | ​ | ​ |  | ​ | ​ |  | 281
Reportable segment totals | ​ |  | 6,713 | ​ |  | 6,244 | ​ |  | 5,967
Other | ​ |  | 143 | ​ |  | 113 | ​ |  | 124
Net sales | ​ | $ | 6,856 | ​ | $ | 6,357 | ​ | $ | 6,091
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020 |
Earnings from continuing operations before income taxes | ​ | $ | 805 | ​ | $ | 332 | ​ | $ | 353 | ​
Items excluded from segment operating profit: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retained corporate costs and other | ​ | ​ | 232 | ​ |  | 171 | ​ |  | 145 | ​
Gain on sale of divested businesses and miscellaneous assets | ​ | ​ | (55) | ​ |  | (84) | ​ |  | ​ | ​
Gain on sale leasebacks | ​ | ​ | (334) | ​ | ​ | ​ | ​ | ​ | ​ | ​
Restructuring, asset impairment and other charges | ​ |  | 53 | ​ |  | 35 | ​ |  | 142 | ​
Brazil indirect tax credit | ​ | ​ | ​ | ​ | ​ | (71) | ​ | ​ | ​ | ​
Charge related to Paddock support agreement liability | ​ | ​ | ​ | ​ | ​ | 154 | ​ | ​ | ​ | ​
Charge for deconsolidation of Paddock | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 14 | ​
Gain on sale of ANZ businesses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (275) | ​
Strategic transaction and corp. modernization costs | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 8 | ​
Pension settlement charges | ​ | ​ | 20 | ​ | ​ | 74 | ​ | ​ | 26 | ​
Interest expense, net | ​ | ​ | 239 | ​ | ​ | 216 | ​ | ​ | 265 | ​
Segment operating profit | ​ | $ | 960 | ​ | $ | 827 | ​ | $ | 678 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Americas | ​ | $ | 472 | ​ | $ | 456 | ​ | $ | 395 | ​
Europe | ​ |  | 488 | ​ |  | 371 | ​ |  | 264 | ​
Asia Pacific | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 19 | ​
Reportable segment totals | ​ | $ | 960 | ​ | $ | 827 | ​ | $ | 678 | ​
​
Segment operating profit (loss) for the Company's reportable segments | ​
Assets, equity investments, equity earnings, capital expenditures and depreciation and amortization expense for the Company's reportable segments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | Reportable |  | Retained |  | Consoli- |
​ | ​ | ​ | ​ | ​ | ​ | ​ | Asia | ​ | Segment | ​ | Corp Costs | ​ | dated |
​ | ​ | Americas | ​ | Europe | ​ | Pacific | ​ | Totals | ​ | and Other | ​ | Totals |
Total assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2022 | ​ | $ | 5,109 | ​ | $ | 3,392 | ​ | $ | — | ​ | $ | 8,501 | ​ | $ | 560 | ​ | $ | 9,061 | ​
2021 | ​ | ​ | 4,853 | ​ | ​ | 3,513 | ​ | ​ | ​ | ​ | ​ | 8,366 | ​ | ​ | 466 | ​ | ​ | 8,832 | ​
2020 | ​ | ​ | 4,927 | ​ | ​ | 3,507 | ​ | ​ | ​ | ​ | ​ | 8,434 | ​ | ​ | 448 | ​ | ​ | 8,882 | ​
Equity investments: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2022 | ​ | $ | 488 | ​ | $ | 146 | ​ | $ | — | ​ | $ | 634 | ​ | $ | 61 | ​ | $ | 695 | ​
2021 | ​ | ​ | 458 | ​ | ​ | 121 | ​ | ​ | ​ | ​ | ​ | 579 | ​ | ​ | 64 | ​ | ​ | 643 | ​
2020 | ​ | ​ | 492 | ​ | ​ | 120 | ​ | ​ | ​ | ​ | ​ | 612 | ​ | ​ | 61 | ​ | ​ | 673 | ​
Equity earnings (losses): | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2022 | ​ | $ | 64 | ​ | $ | 43 | ​ | $ | — | ​ | $ | 107 | ​ | $ | — | ​ | $ | 107 | ​
2021 | ​ | ​ | 58 | ​ | ​ | 28 | ​ | ​ | ​ | ​ | ​ | 86 | ​ | ​ | 4 | ​ | ​ | 90 | ​
2020 | ​ | ​ | 51 | ​ | ​ | 23 | ​ | ​ | ​ | ​ | ​ | 74 | ​ | ​ | (37) | ​ | ​ | 37 | ​
Capital expenditures: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2022 | ​ | $ | 339 | ​ | $ | 192 | ​ | $ | — | ​ | $ | 531 | ​ | $ | 8 | ​ | $ | 539 | ​
2021 | ​ | ​ | 211 | ​ | ​ | 180 | ​ | ​ | ​ | ​ | ​ | 391 | ​ | ​ | 7 | ​ | ​ | 398 | ​
2020 | ​ | ​ | 146 | ​ | ​ | 138 | ​ | ​ | 20 | ​ | ​ | 304 | ​ | ​ | 7 | ​ | ​ | 311 | ​
Depreciation and amortization expense: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2022 | ​ | $ | 278 | ​ | $ | 152 | ​ | $ | — | ​ | $ | 430 | ​ | $ | 24 | ​ | $ | 454 | ​
2021 | ​ | ​ | 269 | ​ | ​ | 154 | ​ | ​ | ​ | ​ | ​ | 423 | ​ | ​ | 26 | ​ | ​ | 449 | ​
2020 | ​ | ​ | 270 | ​ | ​ | 146 | ​ | ​ | 28 | ​ | ​ | 444 | ​ | ​ | 24 | ​ | ​ | 468 | ​
​
Schedule of segment information by geographic segment | The Company’s tangible long-lived assets, including property, plant and equipment and operating lease right-of-use assets, by geographic region are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | U.S. |  | Non-U.S. |  | Total |
2022 | ​ | $ | 766 | ​ | $ | 2,421 | ​ | $ | 3,187 | ​
2021 | ​ |  | 740 | ​ | ​ | 2,193 | ​ | ​ | 2,933 | ​
2020 | ​ |  | 751 | ​ | ​ | 2,294 | ​ | ​ | 3,045 | ​
​ The Company’s net sales by geographic region are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | U.S. |  | Non-U.S. |  | Total |
2022 | ​ | $ | 1,941 | ​ | $ | 4,915 | ​ | $ | 6,856 | ​
2021 | ​ |  | 1,806 | ​ | ​ | 4,551 | ​ | ​ | 6,357 | ​
2020 | ​ |  | 1,791 | ​ | ​ | 4,300 | ​ | ​ | 6,091 | ​
​

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