Business Segments

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
(In millions)	2017		2016			2017		2016
Sales:
Americas	$	2,041	$	2,070		$	6,028	$	6,111
Europe, Middle East and Africa	1,311		1,236			3,664		3,748
Asia Pacific	569		541			1,614		1,558
Net Sales	$	3,921	$	3,847		$	11,306	$	11,417
Segment Operating Income:
Americas	$	189	$	305		$	616	$	856
Europe, Middle East and Africa	87		152			262		380
Asia Pacific	81		99			225		270
Total Segment Operating Income	$	357	$	556		$	1,103	$	1,506
Less:
Rationalizations	$	46	$	135		$	102	$	194
Interest expense	84		90			260		285
Other (income) expense (Note 3)	4		(23		)	9		3
Asset write-offs and accelerated depreciation	10		3			39		10
Corporate incentive compensation plans	—		20			27		60
Pension curtailments/settlements	13		—			13		14
Intercompany profit elimination	21		2			16		7
Retained expenses of divested operations	3		2			9		12
Other	14		17			37		43
Income before Income Taxes	$	162	$	310		$	591	$	878

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)	2017			2016			2017			2016
Rationalizations:
Americas	$	4		$	6		$	6		$	10
Europe, Middle East and Africa	25			126			78			179
Asia Pacific	1			—			2			1
Total Segment Rationalizations	$	30		$	132		$	86		$	190
Corporate	16			3			16			4
Total Rationalizations	$	46		$	135		$	102		$	194
Net (Gains) Losses on Asset Sales:
Americas	$	(1	)	$	—		$	(4	)	$	—
Europe, Middle East and Africa	—			(18		)	(10		)	(18		)
Asia Pacific	—			—			—			(1		)
Total Segment Asset Sales	$	(1	)	$	(18	)	$	(14	)	$	(19	)
Corporate	—			(9		)	—			(9		)
Total Net (Gains) Losses on Asset Sales	$	(1	)	$	(27	)	$	(14	)	$	(28	)

Asset Write-offs and Accelerated Depreciation:
Americas	$	—	$	1	$	—	$	1
Europe, Middle East and Africa	10		2		39		9
Total Segment Asset Write-offs and Accelerated Depreciation	$	10	$	3	$	39	$	10