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Segment Information (Tables)

9 Months Ended

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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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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