Business Segments (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Business Segment Reporting Information

	Three Months Ended					Six Months Ended
	June 30,					June 30,
(In millions)	2022			2021		2022			2021
Sales:
Americas	$	3,147		$	2,256	$	6,062		$	4,043
Europe, Middle East and Africa		1,497			1,230		2,923			2,461
Asia Pacific		568			493		1,135			986
Net Sales	$	5,212		$	3,979	$	10,120		$	7,490
Segment Operating Income:
Americas	$	293		$	233	$	509		$	347
Europe, Middle East and Africa		52			43		111			117
Asia Pacific		19			23		47			61
Total Segment Operating Income	$	364		$	299	$	667		$	525
Less:
Rationalizations (Note 4)	$	26		$	18	$	37		$	68
Interest expense		110			97		214			176
Other (income) expense (Note 5)		(65	)		30		(60	)		64
Corporate incentive compensation plans		21			24		40			33
Retained expenses of divested operations		4			4		7			7
Other		16			28		43			46
Income before Income Taxes	$	252		$	98	$	386		$	131

Rationalizations, Asset sales, Other Expense and Asset Write-offs and Accelerated Depreciation Attributable to the SBUs

Rationalizations, as described in Note to the Consolidated Financial Statements No. 4, Costs Associated with Rationalization Programs, and net (gains) losses on asset sales, as described in Note to the Consolidated Financial Statements No. 5, Other (Income) Expense, were not charged to the strategic business units ("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)	2022			2021		2022			2021
Rationalizations:
Americas	$	11		$	8	$	18		$	18
Europe, Middle East and Africa		9			7		14			44
Asia Pacific		1			—		—			—
Total Segment Rationalizations	$	21		$	15	$	32		$	62
Corporate		5			3		5			6
	$	26		$	18	$	37		$	68
Net (Gains) Losses on Asset Sales:
Americas	$	(95	)	$	—	$	(98	)	$	—
Total Segment Net (Gains) Losses on Asset Sales	$	(95	)	$	—	$	(98	)	$	—