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Segment Information (Tables)
6 Months Ended
Jun. 30, 2023
Segment Information  
Net sales for the Company's reportable segments

    

Three months ended June 30,

Six months ended June 30,

2023

    

2022

    

2023

 

2022

 

Net sales:

Americas

$

996

$

971

$

1,996

$

1,912

Europe

 

863

 

765

 

1,662

1,474

Reportable segment totals

 

1,859

 

1,736

 

3,658

 

3,386

Other

 

31

42

63

83

Net sales

$

1,890

$

1,778

$

3,721

$

3,469

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

Three months ended June 30,

Six months ended June 30,

    

2023

    

2022

    

2023

    

2022

 

Earnings before income taxes

$

154

$

328

$

424

$

498

Items excluded from segment operating profit:

Retained corporate costs and other

54

53

114

103

Gain on sale of divested business

(55)

Gain on sale leaseback

(182)

(182)

Restructuring, asset impairment and other charges

12

12

Interest expense, net

118

46

186

112

Segment operating profit

$

326

$

257

$

724

$

488

Americas

$

126

$

130

$

303

$

258

Europe

200

127

421

230

Reportable segment totals

$

326

$

257

$

724

$

488

Total assets for the Company's reportable segments

June 30,

December 31,

June 30,

    

2023

2022

2022

Total assets:

Americas

 

$

5,574

 

$

5,109

 

$

5,028

Europe

 

3,652

 

3,392

 

3,325

Reportable segment totals

 

9,226

 

8,501

 

8,353

Other

 

685

560

520

Consolidated totals

 

$

9,911

 

$

9,061

 

$

8,873