Business Segments

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

	Three Months Ended
	March 31,
(In millions)	2018			2017
Sales:
Americas	$	1,929		$	1,958
Europe, Middle East and Africa	1,330			1,239
Asia Pacific	571			502
Net Sales	$	3,830		$	3,699
Segment Operating Income:
Americas	$	127		$	216
Europe, Middle East and Africa	78			101
Asia Pacific	76			73
Total Segment Operating Income	$	281		$	390
Less:
Rationalizations	$	37		$	29
Interest expense	76			87
Other (income) expense (Note 4)	37			8
Asset write-offs and accelerated depreciation	1			8
Corporate incentive compensation plans	4			15
Intercompany profit elimination	(3		)	(3		)
Retained expenses of divested operations	3			3
Other	13			4
Income before Income Taxes	$	113		$	239

Rationalizations, as described in Note to the Consolidated Financial Statements No. 3, 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)	2018		2017
Rationalizations:
Americas	$	3	$	1
Europe, Middle East and Africa	27		27
Asia Pacific	3		1
Total Segment Rationalizations	$	33	$	29
Corporate	4		—
Total Rationalizations	$	37	$	29
Net (Gains) Losses on Asset Sales:
Americas	$	—	$	(1	)
Europe, Middle East and Africa	2		—
Total Net (Gains) Losses on Asset Sales	$	2	$	(1	)

Asset Write-offs and Accelerated Depreciation:
Europe, Middle East and Africa	$	1	$	8
Total Segment Asset Write-offs and Accelerated Depreciation	$	1	$	8