Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Information

Schedule of net sales for the Company's reportable segments

	2023		2022		2021
Net sales:
Americas	$	3,865	$	3,835	$	3,557
Europe		3,117		2,878		2,687
Reportable segment totals		6,982		6,713		6,244
Other		123		143		113
Net sales	$	7,105	$	6,856	$	6,357

Schedule of segment operating profit (loss) for the Company's reportable segments

	2023		2022		2021
Earnings from continuing operations before income taxes	$	67	$	805	$	332
Items excluded from segment operating profit:
Retained corporate costs and other		224		232		171
Charge for goodwill impairment		445
Restructuring, asset impairment and other charges		100		53		35
Pension settlement and curtailment charges		19		20		74
Gain on sale of divested businesses and miscellaneous assets		(4)		(55)		(84)
Gain on sale leasebacks				(334)
Charge related to Paddock support agreement liability						154
Brazil indirect tax credit						(71)
Interest expense, net		342		239		216
Segment operating profit	$	1,193	$	960	$	827
Americas	$	511	$	472	$	456
Europe		682		488		371
Reportable segment totals	$	1,193	$	960	$	827

Schedule of assets, equity investments, equity earnings, capital expenditures and depreciation and amortization expense for the Company's reportable segments

					Reportable		Retained		Consoli-
					Segment		Corp Costs		dated
	Americas		Europe		Totals		and Other		Totals
Total assets:
2023	$	5,218	$	3,949	$	9,167	$	502	$	9,669
2022		5,109		3,392		8,501		560		9,061
2021		4,853		3,513		8,366		466		8,832
Equity investments:
2023	$	490	$	193	$	683	$	60	$	743
2022		488		146		634		61		695
2021		458		121		579		64		643
Equity earnings:
2023	$	59	$	65	$	124	$	3	$	127
2022		64		43		107		—		107
2021		58		28		86		4		90
Capital expenditures:
2023	$	459	$	221	$	680	$	8	$	688
2022		339		192		531		8		539
2021		211		180		391		7		398
Depreciation and amortization expense:
2023	$	296	$	166	$	462	$	21	$	483
2022		278		152		430		24		454
2021		269		154		423		26		449

Schedule of segment information by geographic segment

The Company’s tangible long-lived assets, including property, plant and equipment and operating lease right-of-use assets, by geographic region are as follows:

	U.S.		Non-U.S.		Total
2023	$	845	$	2,930	$	3,775
2022		766		2,421		3,187
2021		740		2,193		2,933

The Company’s net sales by geographic region are as follows:

	U.S.		Non-U.S.		Total
2023	$	1,828	$	5,277	$	7,105
2022		1,941		4,915		6,856
2021		1,806		4,551		6,357