Business Segments

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

Effective January 1, 2016, we combined our previous North America and Latin America SBUs into one Americas SBU. Accordingly, we have also combined the North America and Latin America reportable segments effective on this date to align with the new organizational structure and the basis used for reporting to our Chief Executive Officer. As a result, we now operate our business through three operating segments: Americas; EMEA; and Asia Pacific.

The prior year Americas operating income has been adjusted to reflect the elimination of intercompany profit between the former North America and Latin America SBUs, whereas the elimination had previously been reflected in Corporate CGS. In addition, certain start-up costs related to the construction of our new manufacturing facility in San Luis Potosi, Mexico were reclassified from Corporate Other (Income) Expense to Americas segment operating income to align with the new organizational structure beginning in 2016.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In millions)	2016		2015		2016		2015
Sales:
Americas	$	2,090	$	2,416	$	4,041	$	4,659
Europe, Middle East and Africa	1,261		1,265		2,512		2,596
Asia Pacific	528		491		1,017		941
Net Sales	$	3,879	$	4,172	$	7,570	$	8,196
Segment Operating Income:
Americas	$	291	$	358	$	551	$	606
Europe, Middle East and Africa	148		108		228		181
Asia Pacific	92		84		171		151
Total Segment Operating Income	$	531	$	550	$	950	$	938
Less:
Rationalizations	48		46		59		62
Interest expense	104		110		195		217
Other (income) expense (Note 3)	20		13		26		(119		)
Asset write-offs and accelerated depreciation	5		—		7		2
Corporate incentive compensation plans	14		22		40		35
Pension curtailments/settlements	14		—		14		—
Intercompany profit elimination	3		10		5		14
Retained expenses of divested operations	5		2		10		4
Other	17		19		26		36
Income before Income Taxes	$	301	$	328	$	568	$	687

Rationalizations, as described in Note to the Consolidated Financial Statements No. 2, Costs Associated with Rationalization Programs, Net (gains) losses on asset sales 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:

	Three Months Ended					Six Months Ended
	June 30,					June 30,
(In millions)	2016		2015			2016			2015
Rationalizations:
Americas	$	1	$	5		$	4		$	5
Europe, Middle East and Africa	45		39			53			54
Asia Pacific	1		2			1			3
Total Segment Rationalizations	$	47	$	46		$	58		$	62
Corporate	1		—			1			—
	$	48	$	46		$	59		$	62
Net (Gains) Losses on Asset Sales:
Americas	$	—	$	—		$	—		$	(1	)
Europe, Middle East and Africa	—		3			—			5
Asia Pacific	—		(6		)	(1		)	(6		)
Total Segment Asset Sales	$	—	$	(3	)	$	(1	)	$	(2	)
Corporate	—		2			—			1
	$	—	$	(1	)	$	(1	)	$	(1	)

Asset Write-offs and Accelerated Depreciation:
Europe, Middle East and Africa	$	5	$	—	$	7	$	2
Total Segment Asset Write-offs and Accelerated Depreciation	$	5	$	—	$	7	$	2