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Segment Information (Tables)
12 Months Ended
Dec. 31, 2024
Segment Information  
Schedule of segment operating profit (loss) for the Company's reportable segments

    

2024

    

2023

    

2022

Americas

Europe

Total

Americas

Europe

Total

Americas

Europe

Total

Reportable segment net sales

$

3,584

$

2,820

$

6,404

$

3,865

$

3,117

$

6,982

$

3,835

$

2,878

$

6,713

Other

127

123

143

Net Sales

 

 

 

6,531

$

7,105

 

6,856

Less:

Cost of goods sold

3,053

2,317

3,181

2,314

3,255

2,255

Selling, administrative, engineering and research and development expenses

189

178

210

193

183

176

Equity earnings

(70)

(34)

(59)

(65)

(64)

(43)

Other segment expenses (income)

20

3

22

(7)

(11)

2

Segment operating profit

$

392

$

356

$

748

$

511

$

682

$

1,193

$

472

$

488

$

960

Items excluded from segment operating profit:

Retained corporate costs and other

(134)

(224)

(232)

Charge for goodwill impairment

(445)

Restructuring, asset impairment and other charges

(206)

(100)

(53)

Equity investment impairment

(25)

Legacy environmental charge

(11)

Pension settlement and curtailment charges

(5)

(19)

(20)

Gain on sale of divested businesses and miscellaneous assets

6

4

55

Gain on sale leasebacks

334

Interest expense, net

(335)

(342)

(239)

Earnings before income taxes

$

38

$

67

$

805

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:

2024

$

4,646

$

3,534

$

8,180

$

474

$

8,654

2023

5,218

3,949

9,167

502

9,669

2022

5,109

3,392

8,501

560

9,061

Equity investments:

2024

$

446

$

182

$

628

$

33

$

661

2023

490

193

683

60

743

2022

488

146

634

61

695

Equity earnings:

2024

$

70

$

34

$

104

$

(25)

$

79

2023

59

65

124

3

127

2022

64

43

107

107

Capital expenditures:

2024

$

354

$

254

$

608

$

9

$

617

2023

459

221

680

8

688

2022

339

192

531

8

539

Depreciation and amortization expense:

2024

$

296

$

169

$

465

$

21

$

486

2023

296

166

462

21

483

2022

278

152

430

24

454

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

 

2024

$

927

$

2,570

$

3,497

2023

 

845

2,930

3,775

2022

 

766

2,421

3,187

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

    

U.S.

    

Non-U.S.

    

Total

 

2024

$

1,686

$

4,845

$

6,531

2023

 

1,828

5,277

7,105

2022

 

1,941

4,915

6,856