Business Segments

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(In millions)	2018			2017			2018			2017
Sales:
Americas	$	2,018		$	2,029		$	3,947		$	3,987
Europe, Middle East and Africa	1,260			1,114			2,590			2,353
Asia Pacific	563			543			1,134			1,045
Net Sales	$	3,841		$	3,686		$	7,671		$	7,385
Segment Operating Income:
Americas	$	154		$	218		$	281		$	434
Europe, Middle East and Africa	100			80			178			181
Asia Pacific	70			71			146			144
Total Segment Operating Income	$	324		$	369		$	605		$	759
Less:
Rationalizations	$	(2	)	$	27		$	35		$	56
Interest expense	78			89			154			176
Other (income) expense (Note 4)	45			16			82			24
Asset write-offs and accelerated depreciation	1			21			2			29
Corporate incentive compensation plans	3			12			7			27
Intercompany profit elimination	(1		)	(2		)	(4		)	(5		)
Retained expenses of divested operations	2			3			5			6
Other	15			13			28			17
Income before Income Taxes	$	183		$	190		$	296		$	429

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						Six Months Ended
	June 30,						June 30,
(In millions)	2018			2017			2018			2017
Rationalizations:
Americas	$	—		$	1		$	3		$	2
Europe, Middle East and Africa	(1		)	26			26			53
Asia Pacific	—			—			3			1
Total Segment Rationalizations	$	(1	)	$	27		$	32		$	56
Corporate	(1		)	—			3			—
Total Rationalizations	$	(2	)	$	27		$	35		$	56
Net (Gains) Losses on Asset Sales:
Americas	$	(2	)	$	(2	)	$	(2	)	$	(3	)
Europe, Middle East and Africa	—			(10		)	2			(10		)
Total Net (Gains) Losses on Asset Sales	$	(2	)	$	(12	)	$	—		$	(13	)

Asset Write-offs and Accelerated Depreciation:
Europe, Middle East and Africa	$	1	$	21	$	2	$	29
Total Asset Write-offs and Accelerated Depreciation	$	1	$	21	$	2	$	29