XML 38 R27.htm IDEA: XBRL DOCUMENT v3.5.0.2
Business Segments (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Business Segment Reporting Information
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
(In millions)
2016
 
2015
 
2016
 
2015
Sales:
 
 
 
 
 
 
 
Americas
$
2,070

 
$
2,398

 
$
6,111

 
$
7,057

Europe, Middle East and Africa
1,236

 
1,328

 
3,748

 
3,924

Asia Pacific
541

 
458

 
1,558

 
1,399

Net Sales
$
3,847

 
$
4,184

 
$
11,417

 
$
12,380

Segment Operating Income:
 
 
 
 
 
 
 
Americas
$
305

 
$
376

 
$
856

 
$
982

Europe, Middle East and Africa
152

 
154

 
380

 
335

Asia Pacific
99

 
72

 
270

 
223

Total Segment Operating Income
$
556

 
$
602

 
$
1,506

 
$
1,540

Less:
 
 
 
 
 
 
 
Rationalizations
135

 
20

 
194

 
82

Interest expense
90

 
105

 
285

 
322

Other (income) expense (Note 3)
(23
)
 
(5
)
 
3

 
(124
)
Asset write-offs and accelerated depreciation
3

 
3

 
10

 
5

Corporate incentive compensation plans
20

 
26

 
60

 
61

Pension curtailments/settlements

 

 
14

 

Intercompany profit elimination
2

 
(8
)
 
7

 
6

Retained expenses of divested operations
2

 
2

 
12

 
6

Other
17

 
28

 
43

 
64

Income before Income Taxes
$
310

 
$
431

 
$
878

 
$
1,118

Charges and Credits Attributable to the SBUs
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
 
Nine Months Ended
 
September 30,
 
September 30,
(In millions)
2016
 
2015
 
2016
 
2015
Rationalizations:
 
 
 
 
 
 
 
Americas
$
6

 
$
7

 
$
10

 
$
12

Europe, Middle East and Africa
126

 
12

 
179

 
66

Asia Pacific

 
1

 
1

 
4

Total Segment Rationalizations
$
132

 
$
20

 
$
190

 
$
82

Corporate
3

 

 
4

 

 
$
135

 
$
20


$
194


$
82

 
 
 
 
 
 
 
 
Net (Gains) Losses on Asset Sales:
 
 
 
 

 
 
Americas
$

 
$
(1
)
 
$

 
$
(2
)
Europe, Middle East and Africa
(18
)
 
11

 
(18
)
 
16

Asia Pacific

 

 
(1
)
 
(6
)
Total Segment Asset Sales
$
(18
)
 
$
10

 
$
(19
)
 
$
8

Corporate
(9
)
 

 
(9
)
 
1

 
$
(27
)
 
$
10

 
$
(28
)
 
$
9

Asset Write-offs and Accelerated Depreciation:
 
 
 
 
 
 
 
Americas
$
1

 
$

 
$
1

 
$

Europe, Middle East and Africa
$
2

 
$
3

 
$
9

 
$
5

Total Segment Asset Write-offs and Accelerated Depreciation
$
3

 
$
3

 
$
10

 
$
5