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

    

Three months ended September 30,

Nine months ended September 30,

2022

    

2021

    

2022

 

2021

 

Net sales:

Americas

$

987

$

925

$

2,898

$

2,652

Europe

 

680

 

655

 

2,153

2,039

Reportable segment totals

 

1,667

 

1,580

 

5,051

 

4,691

Other

 

26

29

112

79

Net sales

$

1,693

$

1,609

$

5,163

$

4,770

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

Three months ended September 30,

Nine months ended September 30,

    

2022

    

2021

    

2022

    

2021

 

Earnings from continuing operations before income taxes

$

278

$

127

$

776

$

260

Items excluded from segment operating profit:

Retained corporate costs and other

63

49

165

126

Gain on sale of divested business

(55)

Gain on sale leasebacks

(153)

(334)

Restructuring, asset impairment and other charges

10

12

21

21

Brazil indirect tax credit

(69)

Charge related to Paddock support agreement liability

154

Pension settlement charges

5

5

5

5

Interest expense, net

63

50

175

153

Segment operating profit

$

266

$

243

$

753

$

650

Americas

$

130

$

133

$

388

$

357

Europe

136

110

365

293

Reportable segment totals

$

266

$

243

$

753

$

650

Total assets for the Company's reportable segments

September 30,

December 31,

September 30,

    

2022

2021

2021

Total assets:

Americas

 

$

5,020

 

$

4,853

 

$

4,925

Europe

 

3,174

 

3,513

 

3,457

Reportable segment totals

 

8,194

 

8,366

 

8,382

Other

 

450

466

384

Consolidated totals

 

$

8,644

 

$

8,832

 

$

8,766