Business Segments (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Business Segment Reporting Information

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
(In millions)	2022		2021		2022			2021
Sales:
Americas	$	3,304	$	2,967	$	9,366		$	7,010
Europe, Middle East and Africa		1,358		1,397		4,281			3,858
Asia Pacific		649		570		1,784			1,556
Net Sales	$	5,311	$	4,934	$	15,431		$	12,424
Segment Operating Income:
Americas	$	306	$	259	$	815		$	606
Europe, Middle East and Africa		30		81		141			198
Asia Pacific		37		32		84			93
Total Segment Operating Income	$	373	$	372	$	1,040		$	897
Less:
Rationalizations (Note 4)	$	45	$	13	$	82		$	81
Interest expense		117		104		331			280
Other (income) expense (Note 5)		42		9		(18	)		73
Asset write-offs and accelerated depreciation (Note 4)		6		1		6			1
Corporate incentive compensation plans		17		25		57			58
Retained expenses of divested operations		3		3		10			10
Other		37		30		80			76
Income before Income Taxes	$	106	$	187	$	492		$	318

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, net (gains) losses on asset sales, as described in Note to the Consolidated Financial Statements No. 5, Other (Income) Expense, and asset write-offs and accelerated depreciation were not charged 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)	2022			2021			2022			2021
Rationalizations:
Americas	$	4		$	11		$	22		$	29
Europe, Middle East and Africa		42			2			56			46
Total Segment Rationalizations	$	46		$	13		$	78		$	75
Corporate		(1	)		—			4			6
	$	45		$	13		$	82		$	81
Net (Gains) Losses on Asset Sales:
Americas	$	—		$	—		$	(98	)	$	—
Europe, Middle East and Africa		—			(8	)		—			(8	)
Total Segment Net (Gains) Losses on Asset Sales	$	—		$	(8	)	$	(98	)	$	(8	)
Corporate		—			(2	)		—			(2	)
	$	—		$	(10	)	$	(98	)	$	(10	)
Asset Write-offs and Accelerated Depreciation:
Europe, Middle East and Africa	$	—		$	1		$	—		$	1
Total Segment Asset Write-offs and Accelerated Depreciation	$	—		$	1		$	—		$	1
Corporate		6			—			6			—
	$	6		$	1		$	6		$	1