Business Segments

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Business Segments

NOTE 7. BUSINESS SEGMENTS

	Three Months Ended					Six Months Ended
	June 30,					June 30,
(In millions)	2020			2019		2020			2019
Sales:
Americas	$	1,134		$	1,971	$	2,807		$	3,847
Europe, Middle East and Africa		676			1,141		1,671			2,362
Asia Pacific		334			520		722			1,021
Net Sales	$	2,144		$	3,632	$	5,200		$	7,230
Segment Operating Income (Loss):
Americas	$	(287	)	$	134	$	(287	)	$	223
Europe, Middle East and Africa		(110	)		44		(163	)		98
Asia Pacific		(34	)		41		(28	)		88
Total Segment Operating Income (Loss)	$	(431	)	$	219	$	(478	)	$	409
Less:
Goodwill and Other Asset Impairments (Notes 8 and 9)	$	148		$	—	$	330		$	—
Rationalizations (Note 3)		99			4		108			107
Interest expense		85			88		158			173
Other (income) expense (Note 4)		34			17		61			39
Asset write-offs and accelerated depreciation (Note 3)		86			1		90			1
Corporate incentive compensation plans		7			14		10			15
Retained expenses of divested operations		1			3		3			6
Other		(2	)		10		19			24
Income (Loss) before Income Taxes	$	(889	)	$	82	$	(1,257	)	$	44

Goodwill and other asset impairments, as described in Note to the Consolidated Financial Statements No. 8, Goodwill and Intangible Assets, and Note to the Consolidated Financial Statements No. 9, Other Assets and Investments; 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 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)	2020		2019			2020		2019
Goodwill and Other Asset Impairments:
Americas	$	148	$	—		$	148	$	—
Europe, Middle East and Africa		—		—			182		—
Total Goodwill and Other Asset Impairments	$	148	$	—		$	330	$	—
Rationalizations:
Americas	$	69	$	2		$	72	$	9
Europe, Middle East and Africa		30		2			36		98
Total Rationalizations	$	99	$	4		$	108	$	107
Net (Gains) Losses on Asset Sales:
Europe, Middle East and Africa	$	3	$	(1	)	$	2	$	(6	)
Total Net (Gains) Losses on Asset Sales	$	3	$	(1	)	$	2	$	(6	)
Asset Write-offs and Accelerated Depreciation:
Americas	$	86	$	—		$	89	$	—
Europe, Middle East and Africa		—		1			1		1
Total Asset Write-offs and Accelerated Depreciation	$	86	$	1		$	90	$	1