Business Segments

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

BUSINESS SEGMENTS

BUSINESS SEGMENTS

Effective January 1, 2016, we combined our previous North America and Latin America SBUs into one Americas SBU. Accordingly, we have also combined the North America and Latin America reportable segments effective on this date to align with the new organizational structure and the basis used for reporting to our Chief Executive Officer. As a result, we now operate our business through three operating segments: Americas; EMEA; and Asia Pacific.

The prior year Americas operating income has been adjusted to reflect the elimination of intercompany profit between the former North America and Latin America SBUs, whereas the elimination had previously been reflected in Corporate CGS. In addition, certain start-up costs related to the construction of our new manufacturing facility in San Luis Potosi, Mexico were reclassified from Corporate Other (Income) Expense to Americas segment operating income to align with the new organizational structure beginning in 2016.

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2016			2015			2016		2015
Sales:
Americas	$	2,070		$	2,398		$	6,111	$	7,057
Europe, Middle East and Africa	1,236			1,328			3,748		3,924
Asia Pacific	541			458			1,558		1,399
Net Sales	$	3,847		$	4,184		$	11,417	$	12,380
Segment Operating Income:
Americas	$	305		$	376		$	856	$	982
Europe, Middle East and Africa	152			154			380		335
Asia Pacific	99			72			270		223
Total Segment Operating Income	$	556		$	602		$	1,506	$	1,540
Less:
Rationalizations	135			20			194		82
Interest expense	90			105			285		322
Other (income) expense (Note 3)	(23		)	(5		)	3		(124		)
Asset write-offs and accelerated depreciation	3			3			10		5
Corporate incentive compensation plans	20			26			60		61
Pension curtailments/settlements	—			—			14		—
Intercompany profit elimination	2			(8		)	7		6
Retained expenses of divested operations	2			2			12		6
Other	17			28			43		64
Income before Income Taxes	$	310		$	431		$	878	$	1,118

Rationalizations, as described in Note to the Consolidated Financial Statements No. 2, Costs Associated with Rationalization Programs, Net (gains) losses on asset sales and Asset write-offs and accelerated depreciation were not charged (credited) to the SBUs for performance evaluation purposes but were attributable to the SBUs as follows:

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In millions)	2016			2015			2016			2015
Rationalizations:
Americas	$	6		$	7		$	10		$	12
Europe, Middle East and Africa	126			12			179			66
Asia Pacific	—			1			1			4
Total Segment Rationalizations	$	132		$	20		$	190		$	82
Corporate	3			—			4			—
	$	135		$	20		$	194		$	82
Net (Gains) Losses on Asset Sales:
Americas	$	—		$	(1	)	$	—		$	(2	)
Europe, Middle East and Africa	(18		)	11			(18		)	16
Asia Pacific	—			—			(1		)	(6		)
Total Segment Asset Sales	$	(18	)	$	10		$	(19	)	$	8
Corporate	(9		)	—			(9		)	1
	$	(27	)	$	10		$	(28	)	$	9

Asset Write-offs and Accelerated Depreciation:
Americas	$	1	$	—	$	1	$	—
Europe, Middle East and Africa	$	2	$	3	$	9	$	5
Total Segment Asset Write-offs and Accelerated Depreciation	$	3	$	3	$	10	$	5