XML 55 R30.htm IDEA: XBRL DOCUMENT v3.10.0.1
Business Segments (Tables)
 9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Business Segment Reporting Information
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
(In millions)
2018
 
2017
 
2018
 
2017
Sales:
 
 
 
 
 
 
 
Americas
$
2,107

 
$
2,041

 
$
6,054

 
$
6,028

Europe, Middle East and Africa
1,290

 
1,311

 
3,880

 
3,664

Asia Pacific
531

 
569

 
1,665

 
1,614

Net Sales
$
3,928

 
$
3,921

 
$
11,599

 
$
11,306

Segment Operating Income:
 
 
 
 
 
 
 
Americas
$
194

 
$
196

 
$
475

 
$
630

Europe, Middle East and Africa
111

 
90

 
289

 
271

Asia Pacific
57

 
81

 
203

 
225

Total Segment Operating Income
$
362

 
$
367

 
$
967

 
$
1,126

Less:
 
 
 
 
 
 
 
Rationalizations
$
5

 
$
46

 
$
40

 
$
102

Interest expense
82

 
84

 
236

 
260

Other (income) expense (Note 4)
(253
)
 
30

 
(171
)
 
54

Asset write-offs and accelerated depreciation
—

 
10

 
2

 
39

Corporate incentive compensation plans
(1
)
 
—

 
6

 
27

Intercompany profit elimination
2

 
21

 
(2
)
 
16

Retained expenses of divested operations
2

 
3

 
7

 
9

Other
12

 
11

 
40

 
28

Income before Income Taxes
$
513

 
$
162

 
$
809

 
$
591
Charges and Credits Attributable to the SBUs
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 strategic business units ("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)
2018
 
2017
 
2018
 
2017
Rationalizations:
 
 
 
 
 
 
 
Americas
$
—

 
$
4

 
$
3

 
$
6

Europe, Middle East and Africa
5

 
25

 
31

 
78

Asia Pacific
—

 
1

 
3

 
2

Total Segment Rationalizations
$
5

 
$
30

 
$
37

 
$
86

Corporate
—

 
16

 
3

 
16

Total Rationalizations
$
5

 
$
46


$
40


$
102

 
 
 
 
 
 
 
 
Net (Gains) Losses on Asset Sales:
 
 
 
 

 
 
Americas(1)
$
(288
)
 
$
(1
)
 
$
(276
)
 
$
(4
)
Europe, Middle East and Africa
—

 
—

 
2

 
(10
)
Total Net (Gains) Losses on Asset Sales
$
(288
)
 
$
(1
)
 
$
(274
)
 
$
(14
)

(1)
Americas Net (Gains) Losses on Asset Sales for the three and nine months ended September 30, 2018 includes gains of $287 million and $273 million, respectively, related to the TireHub transaction, net of transaction costs.
Asset Write-offs and Accelerated Depreciation:
 
 
 
 
 
 
 
Europe, Middle East and Africa
$
—

 
$
10

 
$
2

 
$
39

Total Asset Write-offs and Accelerated Depreciation
$
—

 
$
10

 
$
2

 
$
39