Business Segments

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
(In millions)	2014			2013		2014		2013
Sales:
North America	$	2,057		$	2,186	$	5,980	$	6,553
Europe, Middle East and Africa	1,618			1,752		4,874		4,936
Latin America	451			527		1,362		1,571
Asia Pacific	531			537		1,566		1,689
Net Sales	$	4,657		$	5,002	$	13,782	$	14,749
Segment Operating Income:
North America	$	210		$	161	$	574	$	492
Europe, Middle East and Africa	181			115		408		197
Latin America	49			89		150		231
Asia Pacific	80			66		221		241
Total Segment Operating Income	520			431		1,353		1,161
Less:
Rationalizations	15			21		80		41
Interest expense	108			100		315		287
Other expense	66			—		242		112
Asset write-offs and accelerated depreciation	—			5		3		15
Corporate incentive compensation plans	23			34		69		79
Pension curtailments/settlements	—			—		33		—
Intercompany profit elimination	(5		)	5		4		5
Retained expenses of divested operations	4			7		11		17
Other (1)	10			10		35		50
Income before Income Taxes	$	299		$	249	$	561	$	555

(1) For the three and nine months ended September 30, 2014, Other includes the elimination of $6 million and $18 million, respectively, of royalty income attributable to the strategic business units, compared to $7 million and $30 million, respectively, for the three and nine months ended September 30, 2013.

Substantially all of the pension curtailment charges of $33 million for the nine months ended September 30, 2014 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; 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					Nine Months Ended
	September 30,					September 30,
(In millions)	2014		2013			2014			2013
Rationalizations:
North America	$	—	$	1		$	(1	)	$	8
Europe, Middle East and Africa	11		9			69			15
Latin America	2		2			3			4
Asia Pacific	2		9			9			14
Total Segment Rationalizations	$	15	$	21		$	80		$	41
Net (Gains) Losses on Asset Sales:
North America	$	—	$	(2	)	$	(1	)	$	(4	)
Europe, Middle East and Africa	7		—			7			2
Asia Pacific	—		(1		)	—			(4		)
Total Segment Asset Sales	$	7	$	(3	)	$	6		$	(6	)
Corporate	—		—			(2		)	—
	$	7	$	(3	)	$	4		$	(6	)

Asset Write-offs and Accelerated Depreciation:
Europe, Middle East and Africa	$	—	$	5	$	3	$	15
Total Segment Asset Write-offs and Accelerated Depreciation	$	—	$	5	$	3	$	15