Business Segments (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Business Segment Reporting Information

	Three Months Ended					Nine Months Ended
	September 30,					September 30,
(In millions)	2019		2018			2019		2018
Sales:
Americas	$	2,049	$	2,107		$	5,896	$	6,054
Europe, Middle East and Africa	1,205		1,290			3,567		3,880
Asia Pacific	548		531			1,569		1,665
Net Sales	$	3,802	$	3,928		$	11,032	$	11,599
Segment Operating Income:
Americas	$	175	$	194		$	398	$	475
Europe, Middle East and Africa	66		111			164		289
Asia Pacific	53		57			141		203
Total Segment Operating Income	$	294	$	362		$	703	$	967
Less:
Rationalizations	$	21	$	5		$	128	$	40
Interest expense	88		82			261		236
Other (income) expense (Note 4)	35		(253		)	74		(171		)
Asset write-offs and accelerated depreciation	1		—			2		2
Corporate incentive compensation plans	13		(1		)	28		6
Retained expenses of divested operations	1		2			7		7
Other	14		14			38		38
Income before Income Taxes	$	121	$	513		$	165	$	809

Charges and Credits Attributable to the SBUs

Rationalizations, as described in Note to the Consolidated Financial Statements No. 3, Costs Associated with Rationalization Programs, in this Form 10-Q, net (gains) losses on asset sales, as described in Note to the Consolidated Financial Statements No. 4, Other (Income) Expense, in this Form 10-Q, and asset write-offs and accelerated depreciation were not charged to the strategic business units ("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)	2019		2018			2019			2018
Rationalizations:
Americas	$	9	$	—		$	18		$	3
Europe, Middle East and Africa	12		5			110			31
Asia Pacific	—		—			—			3
Total Segment Rationalizations	$	21	$	5		$	128		$	37
Corporate	—		—			—			3
Total Rationalizations	$	21	$	5		$	128		$	40
Net (Gains) Losses on Asset Sales:
Americas(1)	$	—	$	(288	)	$	—		$	(276	)
Europe, Middle East and Africa	1		—			(5		)	2
Total Net (Gains) Losses on Asset Sales	$	1	$	(288	)	$	(5	)	$	(274	)
Asset Write-offs and Accelerated Depreciation:
Europe, Middle East and Africa	$	1	$	—		$	2		$	2
Total Asset Write-offs and Accelerated Depreciation	$	1	$	—		$	2		$	2

(1)

Americas Net (Gains) Losses on Asset Sales for the three and nine months ended September 30, 2018 include gains of $287 million and $273 million, respectively, related to the TireHub transaction, net of transaction costs.