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Segment Information (Tables)
6 Months Ended
Jun. 30, 2022
Segment Information  
Net sales for the Company's reportable segments

    

Three months ended June 30,

Six months ended June 30,

2022

    

2021

    

2022

 

2021

 

Net sales:

Americas

$

971

$

890

$

1,912

$

1,727

Europe

 

765

 

745

 

1,474

1,384

Reportable segment totals

 

1,736

 

1,635

 

3,386

 

3,111

Other

 

42

25

83

50

Net sales

$

1,778

$

1,660

$

3,469

$

3,161

Segment operating profit (loss) for the Company's reportable segments

Three months ended June 30,

Six months ended June 30,

    

2022

    

2021

    

2022

    

2021

 

Earnings before income taxes

$

328

$

198

$

498

$

133

Items excluded from segment operating profit:

Retained corporate costs and other

53

42

103

77

Gain on sale of divested business

(55)

Gain on sale leaseback

(182)

(182)

Restructuring, asset impairment and other charges

12

9

12

9

Brazil indirect tax credit

(69)

(69)

Charge related to Paddock support agreement liability

154

Interest expense, net

46

52

112

103

Segment operating profit

$

257

$

232

$

488

$

407

Americas

$

130

$

124

$

258

$

224

Europe

127

108

230

183

Reportable segment totals

$

257

$

232

$

488

$

407

Total assets for the Company's reportable segments

June 30,

December 31,

June 30,

    

2022

2021

2021

Total assets:

Americas

 

$

5,028

 

$

4,853

 

$

4,972

Europe

 

3,325

 

3,513

 

3,502

Reportable segment totals

 

8,353

 

8,366

 

8,474

Other

 

520

466

400

Consolidated totals

 

$

8,873

 

$

8,832

 

$

8,874