Business Segments

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

	Three Months Ended
	March 31,
(In millions)	2017			2016
Sales:
Americas	$	1,958		$	1,951
Europe, Middle East and Africa	1,239			1,251
Asia Pacific	502			489
Net Sales	$	3,699		$	3,691
Segment Operating Income:
Americas	$	214		$	260
Europe, Middle East and Africa	98			80
Asia Pacific	73			79
Total Segment Operating Income	$	385		$	419
Less:
Rationalizations	$	29		$	11
Interest expense	87			91
Other (income) expense (Note 3)	—			6
Asset write-offs and accelerated depreciation	8			2
Corporate incentive compensation plans	15			26
Intercompany profit elimination	(3		)	2
Retained expenses of divested operations	3			5
Other	7			9
Income before Income Taxes	$	239		$	267

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
	March 31,
(In millions)	2017			2016
Rationalizations:
Americas	$	1		$	3
Europe, Middle East and Africa	27			8
Asia Pacific	1			—
Total Segment Rationalizations	$	29		$	11
Net (Gains) Losses on Asset Sales:
Americas	$	(1	)	$	—
Asia Pacific	—			(1		)
Total Segment Asset Sales	$	(1	)	$	(1	)

Asset Write-offs and Accelerated Depreciation:
Europe, Middle East and Africa	$	8	$	2
Total Segment Asset Write-offs and Accelerated Depreciation	$	8	$	2