Business Segments (Tables)

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

Business Segment Reporting Information

	Three Months Ended					Six Months Ended
	June 30,					June 30,
(In millions)	2015		2014			2015			2014
Sales:
North America	$	2,026	$	2,044		$	3,884		$	3,923
Europe, Middle East and Africa	1,265		1,580			2,596			3,256
Asia Pacific	491		543			941			1,035
Latin America	390		489			775			911
Net Sales	$	4,172	$	4,656		$	8,196		$	9,125
Segment Operating Income:
North America	$	321	$	208		$	519		$	364
Europe, Middle East and Africa	108		117			181			227
Asia Pacific	84		76			151			141
Latin America	43		59			96			101
Total Segment Operating Income	$	556	$	460		947			833
Less:
Rationalizations	46		24			62			65
Interest expense	106		102			209			207
Other (income) expense (1)	17		8			(111		)	176
Asset write-offs and accelerated depreciation	—		2			2			3
Corporate incentive compensation plans	22		19			35			46
Pension curtailments/settlements	—		—			—			33
Intercompany profit elimination	15		(4		)	21			9
Retained expenses of divested operations	2		3			4			7
Other	20		14			38			25
Income before Income Taxes	$	328	$	292		$	687		$	262

(1) For the six months ended June 30, 2015, Other (income) expense includes royalty income of $155 million attributable to a one-time gain on the recognition of deferred income resulting from the termination of a licensing agreement associated with the sale of our former Engineered Products business that is not included in segment operating income. For the six months ended June 30, 2014, Other (income) expense includes a net foreign currency remeasurement loss of $157 million related to the January 24, 2014 devaluation of the Venezuelan bolivar fuerte against the U.S. dollar.

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

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						Six Months Ended
	June 30,						June 30,
(In millions)	2015			2014			2015			2014
Rationalizations:
North America	$	5		$	—		$	5		$	(1	)
Europe, Middle East and Africa	39			20			54			58
Asia Pacific	2			3			3			7
Latin America	—			1			—			1
Total Segment Rationalizations	$	46		$	24		$	62		$	65
Net (Gains) Losses on Asset Sales:
North America	$	—		$	(1	)	$	—		$	(1	)
Europe, Middle East and Africa	3			(2		)	$	5		$	—
Asia Pacific	(6		)	—			(6		)	—
Latin America	—			—			(1		)	—
Total Segment Asset Sales	$	(3	)	$	(3	)	$	(2	)	$	(1	)
Corporate	2			(2		)	1			(2		)
	$	(1	)	$	(5	)	$	(1	)	$	(3	)

Asset Write-offs and Accelerated Depreciation:
Europe, Middle East and Africa	$	—	$	2	$	2	$	3
Total Segment Asset Write-offs and Accelerated Depreciation	$	—	$	2	$	2	$	3