Business Segments

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2015			2014			2015			2014
Sales:
North America	$	1,978		$	2,057		$	5,862		$	5,980
Europe, Middle East and Africa	1,328			1,618			3,924			4,874
Asia Pacific	458			531			1,399			1,566
Latin America	420			451			1,195			1,362
Net Sales	$	4,184		$	4,657		$	12,380		$	13,782
Segment Operating Income:
North America	$	323		$	210		$	842		$	574
Europe, Middle East and Africa	154			181			335			408
Asia Pacific	72			80			223			221
Latin America	50			49			146			150
Total Segment Operating Income	$	599		$	520		1,546			1,353
Less:
Rationalizations	20			15			82			80
Interest expense	102			108			311			315
Other (income) expense (1)	(2		)	66			(113		)	242
Asset write-offs and accelerated depreciation	3			—			5			3
Corporate incentive compensation plans	26			23			61			69
Pension curtailments/settlements	—			—			—			33
Intercompany profit elimination	(11		)	(5		)	10			4
Retained expenses of divested operations	2			4			6			11
Other (2)	28			10			66			35
Income before Income Taxes	$	431		$	299		$	1,118		$	561

(1) Refer to Note 3.

(2) Primarily represents unallocated corporate costs including, in 2015, certain costs for one-time strategic global initiatives.

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)	2015			2014		2015			2014
Rationalizations:
North America	$	2		$	—	$	7		$	(1	)
Europe, Middle East and Africa	12			11		66			69
Asia Pacific	1			2		4			9
Latin America	5			2		5			3
Total Segment Rationalizations	$	20		$	15	$	82		$	80
Net (Gains) Losses on Asset Sales:
North America	$	(1	)	$	—	$	(1	)	$	(1	)
Europe, Middle East and Africa	11			7		16			7
Asia Pacific	—			—		(6		)	—
Latin America	—			—		(1		)	—
Total Segment Asset Sales	$	10		$	7	$	8		$	6
Corporate	—			—		1			(2		)
	$	10		$	7	$	9		$	4

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