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Business Segments
3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
BUSINESS SEGMENTS
BUSINESS SEGMENTS
 
Three Months Ended
 
March 31,
(In millions)
2014
 
2013
Sales:
 
 
 
North America
$
1,879

 
$
2,166

Europe, Middle East and Africa
1,676

 
1,607

Latin America
422

 
513

Asia Pacific
492

 
567

Net Sales
$
4,469

 
$
4,853

Segment Operating Income:
 
 
 
North America
$
156

 
$
127

Europe, Middle East and Africa
110

 
31

Latin America
42

 
60

Asia Pacific
65

 
84

Total Segment Operating Income
373

 
302

Less:
 
 
 
Rationalizations
41

 
7

Interest expense
105

 
85

Other expense
168

 
126

Asset write-offs and accelerated depreciation
1

 
5

Corporate incentive compensation plans
27

 
10

Pension curtailments/settlements
33

 

Intercompany profit elimination
13

 
3

Retained expenses of divested operations
4

 
4

Other
11

 
12

Income (Loss) before Income Taxes
$
(30
)
 
$
50


Substantially all of the pension curtailment charges of $33 million noted above related to our North America strategic business unit ("SBU"); however, such costs were not included in North America segment operating income for purposes of management's assessment of SBU operating performance. In addition, rationalizations, as described in Note 2, Costs Associated with Rationalization Programs; net (gains) losses on asset sales, as described in Note 3, Other Expense; and asset write-offs and accelerated depreciation are not (credited) charged to the SBUs for performance evaluation purposes, but were attributable to the SBUs as follows:


 
Three Months Ended
 
March 31,
(In millions)
2014
 
2013
Rationalizations:
 
 
 
North America
$
(1
)
 
$
2

Europe, Middle East and Africa
38

 
3

Asia Pacific
4

 
2

Total Segment Rationalizations
$
41

 
$
7

 
 
 
 
Net (Gains) Losses on Asset Sales:
 
 
 
North America
$

 
$
1

Europe, Middle East and Africa
2

 
2

Latin America

 
(1
)
Total Segment Asset Sales
2

 
2

Asset Write-offs and Accelerated Depreciation:
 
 
 
Europe, Middle East and Africa
$
1

 
$
5

Total Segment Asset Write-offs and Accelerated Depreciation
$
1

 
$
5