XML 41 R43.htm IDEA: XBRL DOCUMENT v3.2.0.727
Business Segments (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Sales:        
Net Sales $ 4,172 $ 4,656 $ 8,196 $ 9,125
Segment Operating Income:        
Operating Income 556 460 947 833
Less:        
Rationalizations (Note 2) 46 24 62 65
Interest expense 106 102 209 207
Other (income) expense [1] 17 8 (111) 176
Asset write-offs and accelerated depreciation 0 2 2 3
Corporate incentive compensation plans 22 19 35 46
Pension curtailments/settlements 0 0 0 33
Intercompany profit elimination 15 (4) 21 9
Retained expenses of divested operations 2 3 4 7
Other 20 14 38 25
Income (Loss) before Income Taxes 328 292 687 262
Recognition of Deferred Revenue     155 0
North America [Member]        
Sales:        
Net Sales 2,026 2,044 3,884 3,923
Segment Operating Income:        
Operating Income 321 208 519 364
Less:        
Rationalizations (Note 2) 5 0 5 (1)
Pension curtailments/settlements       33
EMEA        
Sales:        
Net Sales 1,265 1,580 2,596 3,256
Segment Operating Income:        
Operating Income 108 117 181 227
Less:        
Rationalizations (Note 2) 39 20 54 58
Asset write-offs and accelerated depreciation 0 2 2 3
Latin America [Member]        
Sales:        
Net Sales 390 489 775 911
Segment Operating Income:        
Operating Income 43 59 96 101
Less:        
Rationalizations (Note 2) 0 1 0 1
Asia Pacific [Member]        
Sales:        
Net Sales 491 543 941 1,035
Segment Operating Income:        
Operating Income 84 76 151 141
Less:        
Rationalizations (Note 2) $ 2 $ 3 $ 3 $ 7
[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.