Business Segments

6 Months Ended

Jun. 30, 2017

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

	Three Months Ended					Six Months Ended
	June 30,					June 30,
(In millions)	2017			2016		2017			2016
Sales:
Americas	$	2,029		$	2,090	$	3,987		$	4,041
Europe, Middle East and Africa	1,114			1,261		2,353			2,512
Asia Pacific	543			528		1,045			1,017
Net Sales	$	3,686		$	3,879	$	7,385		$	7,570
Segment Operating Income:
Americas	$	213		$	291	$	427		$	551
Europe, Middle East and Africa	77			148		175			228
Asia Pacific	71			92		144			171
Total Segment Operating Income	$	361		$	531	$	746		$	950
Less:
Rationalizations	$	27		$	48	$	56		$	59
Interest expense	89			104		176			195
Other (income) expense (Note 3)	5			20		5			26
Asset write-offs and accelerated depreciation	21			5		29			7
Corporate incentive compensation plans	12			14		27			40
Pension curtailments/settlements	—			14		—			14
Intercompany profit elimination	(2		)	3		(5		)	5
Retained expenses of divested operations	3			5		6			10
Other	16			17		23			26
Income before Income Taxes	$	190		$	301	$	429		$	568

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)	2017			2016		2017			2016
Rationalizations:
Americas	$	1		$	1	$	2		$	4
Europe, Middle East and Africa	26			45		53			53
Asia Pacific	—			1		1			1
Total Segment Rationalizations	$	27		$	47	$	56		$	58
Corporate	—			1		—			1
	$	27		$	48	$	56		$	59
Net (Gains) Losses on Asset Sales:
Americas	$	(2	)	$	—	$	(3	)	$	—
Europe, Middle East and Africa	(10		)	—		(10		)	—
Asia Pacific	—			—		—			(1		)
Total Segment Asset Sales	$	(12	)	$	—	$	(13	)	$	(1	)

Asset Write-offs and Accelerated Depreciation:
Europe, Middle East and Africa	$	21	$	5	$	29	$	7
Total Segment Asset Write-offs and Accelerated Depreciation	$	21	$	5	$	29	$	7