Business Segments

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Business Segments

NOTE 7. BUSINESS SEGMENTS

	Three Months Ended
	March 31,
(In millions)	2023			2022
Sales:
Americas	$	2,867		$	2,915
Europe, Middle East and Africa		1,492			1,426
Asia Pacific		582			567
Net Sales	$	4,941		$	4,908
Segment Operating Income:
Americas	$	79		$	216
Europe, Middle East and Africa		8			59
Asia Pacific		38			28
Total Segment Operating Income	$	125		$	303
Less:
Rationalizations (Note 3)	$	32		$	11
Interest expense		127			104
Other (income) expense (Note 4)		25			5
Asset write-offs (recoveries) and accelerated depreciation, net (Note 3)		2			—
Corporate incentive compensation plans		20			19
Retained expenses of divested operations		4			3
Other		15			27
Income (Loss) before Income Taxes	$	(100	)	$	134

Rationalizations, as described in Note to the Consolidated Financial Statements No. 3, Costs Associated with Rationalization Programs, net (gains) losses on asset sales, as described in Note to the Consolidated Financial Statements No. 4, Other (Income) Expense, and asset write-offs (recoveries) 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
	March 31,
(In millions)	2023			2022
Rationalizations:
Americas	$	5		$	7
Europe, Middle East and Africa		24			5
Asia Pacific		3			(1	)
Total Segment Rationalizations	$	32		$	11
Net (Gains) Losses on Asset Sales:
Americas	$	(2	)	$	(4	)
Total Segment Net (Gains) Losses on Asset Sales	$	(2	)	$	(4	)
Asset Write-offs (Recoveries) and Accelerated Depreciation, net:
Americas	$	8		$	—
Europe, Middle East and Africa		(6	)		—
Total Segment Asset Write-offs (Recoveries) and Accelerated Depreciation, net	$	2		$	—