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v3.25.1

Segment Information - Segment Operating Profits and Reporting Segments Totals (Details) - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2025 | Mar. 31, 2024
Segment operating profit: |  |
Net sales | $ 1,567 | $ 1,593
Cost of goods sold | (1,287) | (1,275)
Selling and administrative expense | (109) | (123)
Segment operating profit | 209 | 235
Items excluded from segment operating profit: |  |
Retained corporate costs and other | (30) | (40)
Restructuring, asset impairment and other charges | (82) |
Legacy environmental charge | (4) |
Gain on sale of miscellaneous assets | 6 |
Interest expense, net | (81) | (78)
Earnings before income taxes | 18 | 117
Reportable segment totals |  |
Segment operating profit: |  |
Net sales | 1,540 | 1,563
Other |  |
Segment operating profit: |  |
Net sales | 27 | 30
Americas |  |
Segment operating profit: |  |
Cost of goods sold | 703 | 712
Selling and administrative expense | 43 | 51
Equity earnings | (19) | (19)
Other segment expenses (income) | 5 | 8
Segment operating profit | 141 | 102
Americas | Reportable segment totals |  |
Segment operating profit: |  |
Net sales | 873 | 854
Europe |  |
Segment operating profit: |  |
Cost of goods sold | 558 | 535
Selling and administrative expense | 46 | 46
Equity earnings | (4) | (6)
Other segment expenses (income) | (1) | 1
Segment operating profit | 68 | 133
Europe | Reportable segment totals |  |
Segment operating profit: |  |
Net sales | $ 667 | $ 709

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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 + Details
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