Business Segments (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Business Segment Reporting Information

	Three Months Ended						Six Months Ended
	June 30,						June 30,
(In millions)	2023			2022			2023			2022
Sales:
Americas	$	2,939		$	3,147		$	5,806		$	6,062
Europe, Middle East and Africa		1,341			1,497			2,833			2,923
Asia Pacific		587			568			1,169			1,135
Net Sales	$	4,867		$	5,212		$	9,808		$	10,120
Segment Operating Income:
Americas	$	103		$	293		$	182		$	509
Europe, Middle East and Africa		(19	)		52			(11	)		111
Asia Pacific		40			19			78			47
Total Segment Operating Income	$	124		$	364		$	249		$	667
Less:
Rationalizations (Note 3)	$	72		$	26		$	104		$	37
Interest expense		138			110			265			214
Other (income) expense (Note 4)		36			(65	)		61			(60	)
Asset write-offs (recoveries) and accelerated depreciation, net (Note 3)		11			—			13			—
Corporate incentive compensation plans		21			21			41			40
Retained expenses of divested operations		4			4			8			7
Other(1)		52			16			67			43
Income (Loss) before Income Taxes	$	(210	)	$	252		$	(310	)	$	386

(1)Other for the three and six months ended June 30, 2023 includes $14 million related to the insurance deductible for the severe weather event in Tupelo, Mississippi.

Rationalizations, Net (Gains) Losses on Asset Sales, Asset Write-offs and Accelerated Depreciation, net

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						Six Months Ended
	June 30,						June 30,
(In millions)	2023			2022			2023			2022
Rationalizations:
Americas	$	3		$	11		$	8		$	18
Europe, Middle East and Africa		64			9			88			14
Asia Pacific		—			1			3			—
Total Segment Rationalizations	$	67		$	21		$	99		$	32
Corporate		5			5			5			5
Total Rationalizations	$	72		$	26		$	104		$	37
Net (Gains) Losses on Asset Sales:
Americas	$	(60	)	$	(95	)	$	(62	)	$	(98	)
Total Segment Net (Gains) Losses on Asset Sales	$	(60	)	$	(95	)	$	(62	)	$	(98	)
Asset Write-offs (Recoveries) and Accelerated Depreciation, net:
Americas	$	7		$	—		$	15		$	—
Europe, Middle East and Africa		4			—			(2	)		—
Total Segment Asset Write-offs (Recoveries) and Accelerated Depreciation, net	$	11		$	—		$	13		$	—