Business Segments (Tables)

12 Months Ended

Dec. 31, 2014

The following table presents segment sales and operating income, and the reconciliation of segment operating income to Income before Income Taxes:



(In millions)	2014			2013			2012
Sales
North America	$	8,085		$	8,684		$	9,666
Europe, Middle East and Africa	6,180			6,567			6,884
Latin America	1,796			2,063			2,085
Asia Pacific	2,077			2,226			2,357
Net Sales	$	18,138		$	19,540		$	20,992
Segment Operating Income
North America	$	803		$	691		$	514
Europe, Middle East and Africa	438			298			252
Latin America	170			283			223
Asia Pacific	301			308			259
Total Segment Operating Income	1,712			1,580			1,248
Less:
Rationalizations	95			58			175
Interest expense	428			392			357
Other expense	302			97			139
Asset write-offs and accelerated depreciation	7			23			20
Corporate incentive compensation plans	97			108			69
Corporate pension curtailments/settlements	33			—			1
Intercompany profit elimination	(4		)	(4		)	(1		)
Retained expenses of divested operations	16			24			14
Other (1)	51			69			34
Income before Income Taxes	$	687		$	813		$	440

Schedule of Segment Reporting Information, by Segment

The following table presents segment assets at December 31:



(In millions)	2014		2013		2012
Assets
North America	$	4,929	$	4,979	$	5,170
Europe, Middle East and Africa	4,996		5,559		5,415
Latin America	2,104		2,402		2,367
Asia Pacific	2,603		2,624		2,601
Total Segment Assets	14,632		15,564		15,553
Corporate (1)	3,477		1,963		1,420
	$	18,109	$	17,527	$	16,973

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas



(In millions)	2014		2013		2012
Net Sales
United States	$	7,558	$	7,820	$	8,416
Germany	2,288		2,372		2,541
Other international	8,292		9,348		10,035
	$	18,138	$	19,540	$	20,992
Long-Lived Assets
United States	$	2,464	$	2,389	$	2,424
China	809		821		796
Germany	833		891		788
Other international	3,047		3,219		2,948
	$	7,153	$	7,320	$	6,956

Rationalizations, Asset sales, Other Expense and Asset write-offs and accelerated depreciation attributable to the SBUs

Rationalizations, as described in Note 2, Costs Associated with Rationalization Programs, Net (gains) losses on asset sales, as described in Note 4, Other Expense, and Asset write-offs and accelerated depreciation were not charged (credited) to the SBUs for performance evaluation purposes but were attributable to the SBUs as follows:



(In millions)	2014			2013		2012
Rationalizations
North America	$	(6	)	$	12	$	43
Europe, Middle East and Africa	89			26		100
Latin America	3			4		6
Asia Pacific	9			16		26
Total Segment Rationalizations	$	95		$	58	$	175



(In millions)	2014			2013			2012
Net (Gains) Losses on Asset Sales
North America	$	(8	)	$	(4	)	$	(9	)
Europe, Middle East and Africa	7			(1		)	(9		)
Latin America	—			(1		)	(4		)
Asia Pacific	—			(2		)	(1		)
Total Segment Asset Sales	(1		)	(8		)	(23		)
Corporate	(2		)	—			(2		)
	$	(3	)	$	(8	)	$	(25	)



(In millions)	2014		2013		2012
Asset Write-offs and Accelerated Depreciation
North America	$	—	$	—	$	1
Europe, Middle East and Africa	7		23		—
Asia Pacific	—		—		19
Total Segment Asset Write-offs and Accelerated Depreciation	$	7	$	23	$	20

Segment Capital Expenditures Depreciation and Amortization

The following tables present segment capital expenditures, depreciation and amortization:



(In millions)	2014		2013		2012
Capital Expenditures
North America	$	282	$	262	$	212
Europe, Middle East and Africa	266		332		344
Latin America	152		243		250
Asia Pacific	154		257		286
Total Segment Capital Expenditures	854		1,094		1,092
Corporate	69		74		35
	$	923	$	1,168	$	1,127



(In millions)	2014		2013		2012
Depreciation and Amortization
North America	$	274	$	275	$	275
Europe, Middle East and Africa	220		228		215
Latin America	102		84		72
Asia Pacific	105		93		89
Total Segment Depreciation and Amortization	701		680		651
Corporate	31		42		36
	$	732	$	722	$	687

Segment Equity In Net Income of Investees Accounted For By Equity Method

The following table presents segment equity in the net income of investees accounted for by the equity method:



(In millions)	2014			2013			2012
Equity in (Income)
North America	$	(5	)	$	(8	)	$	(6	)
Asia Pacific	(23		)	(23		)	(28		)
Total Segment Equity in (Income)	$	(28	)	$	(31	)	$	(34	)

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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