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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Information |
Net sales for the Company's reportable segments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three months ended September 30, | ​ | Nine months ended September 30, | ​
​ | ​ | 2023 |  | 2022 |  | 2023 |  | 2022 |
Net sales: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Americas | ​ | $ | 948 | ​ | $ | 987 | ​ | $ | 2,943 | ​ | $ | 2,898 | ​
Europe | ​ |  | 766 | ​ |  | 680 | ​ |  | 2,428 | ​ | ​ | 2,153 | ​
Reportable segment totals | ​ |  | 1,714 | ​ |  | 1,667 | ​ |  | 5,371 | ​ |  | 5,051 | ​
Other | ​ |  | 29 | ​ | ​ | 26 | ​ | ​ | 93 | ​ | ​ | 112 | ​
Net sales | ​ | $ | 1,743 | ​ | $ | 1,693 | ​ | $ | 5,464 | ​ | $ | 5,163 | ​
Segment operating profit (loss) for the Company's reportable segments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended September 30, | ​ | Nine months ended September 30, | ​
​ |  | 2023 |  | 2022 |  | 2023 |  | 2022 |
Earnings before income taxes | ​ | $ | 82 | ​ | $ | 278 | ​ | $ | 506 | ​ | $ | 776 | ​
Items excluded from segment operating profit: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Retained corporate costs and other | ​ | ​ | 60 | ​ | ​ | 63 | ​ | ​ | 175 | ​ | ​ | 165 | ​
Restructuring, asset impairment and other charges | ​ | ​ | 81 | ​ | ​ | 10 | ​ | ​ | 81 | ​ | ​ | 21 | ​
Gain on sale of divested business | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (55) | ​
Gain on sale leasebacks | ​ | ​ | ​ | ​ | ​ | (153) | ​ | ​ | ​ | ​ | ​ | (334) | ​
Pension settlement charges | ​ | ​ | ​ | ​ | ​ | 5 | ​ | ​ | ​ | ​ | ​ | 5 | ​
Interest expense, net | ​ | ​ | 78 | ​ | ​ | 63 | ​ | ​ | 263 | ​ | ​ | 175 | ​
Segment operating profit | ​ | $ | 301 | ​ | $ | 266 | ​ | $ | 1,025 | ​ | $ | 753 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Americas | ​ | $ | 116 | ​ | $ | 130 | ​ | $ | 419 | ​ | $ | 388 | ​
Europe | ​ | ​ | 185 | ​ | ​ | 136 | ​ | ​ | 606 | ​ | ​ | 365 | ​
Reportable segment totals | ​ | $ | 301 | ​ | $ | 266 | ​ | $ | 1,025 | ​ | $ | 753 | ​
Total assets for the Company's reportable segments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, | ​ | December 31, | ​ | September 30, | ​
​ |  | 2023 | ​ | 2022 | ​ | 2022 | ​
Total assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Americas |  | $ | 5,474 |  | $ | 5,109 |  | $ | 5,020 | ​
Europe | ​ |  | 3,709 | ​ |  | 3,392 | ​ |  | 3,174 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reportable segment totals | ​ |  | 9,183 | ​ |  | 8,501 | ​ |  | 8,194 | ​
Other | ​ |  | 552 | ​ | ​ | 560 | ​ | ​ | 450 | ​
Consolidated totals |  | $ | 9,735 |  | $ | 9,061 |  | $ | 8,644 | ​
​

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