Business Segments (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Business Segment Reporting Information

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
(In millions)	2023			2022		2023			2022
Sales:
Americas	$	3,120		$	3,304	$	8,926		$	9,366
Europe, Middle East and Africa		1,374			1,358		4,207			4,281
Asia Pacific		648			649		1,817			1,784
Net Sales	$	5,142		$	5,311	$	14,950		$	15,431
Segment Operating Income:
Americas	$	258		$	306	$	440		$	815
Europe, Middle East and Africa		22			30		11			141
Asia Pacific		56			37		134			84
Total Segment Operating Income	$	336		$	373	$	585		$	1,040
Less:
Rationalizations (Note 3)	$	198		$	45	$	302		$	82
Interest expense		138			117		403			331
Other (income) expense (Note 4)		21			42		82			(18	)
Asset write-offs (recoveries) and accelerated depreciation, net (Note 3)		8			6		21			6
Corporate incentive compensation plans		2			17		43			57
Retained expenses of divested operations		2			3		10			10
Other(1)		26			37		93			80
Income (Loss) before Income Taxes	$	(59	)	$	106	$	(369	)	$	492

(1)Other for the three and nine months ended September 30, 2023 includes $8 million related to the insurance deductible for the fire in Debica, Poland. Other for the nine months ended September 30, 2023 also includes $14 million related to the insurance deductible for the tornado 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						Nine Months Ended
	September 30,						September 30,
(In millions)	2023			2022			2023			2022
Rationalizations:
Americas	$	4		$	4		$	12		$	22
Europe, Middle East and Africa		139			42			227			56
Asia Pacific		20			—			23			—
Total Segment Rationalizations	$	163		$	46		$	262		$	78
Corporate		35			(1	)		40			4
Total Rationalizations	$	198		$	45		$	302		$	82
Net (Gains) Losses on Asset Sales:
Americas	$	(6	)	$	—		$	(68	)	$	(98	)
Total Segment Net (Gains) Losses on Asset Sales	$	(6	)	$	—		$	(68	)	$	(98	)
Asset Write-offs (Recoveries) and Accelerated Depreciation, net:
Americas	$	3		$	—		$	18		$	—
Europe, Middle East and Africa		5			—			3			—
Total Segment Asset Write-offs (Recoveries) and Accelerated Depreciation, net	$	8		$	—		$	21		$	—
Corporate		—			6			—			6
Total Asset Write-offs (Recoveries) and Accelerated Depreciation, net	$	8		$	6		$	21		$	6