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Segment Information (Tables)
3 Months Ended
Mar. 31, 2012
Segment Information  
Impact of changes in accounting method on Segment Operating Profit

 

 

 

 

As
Originally
Reported

 

Change in
Pension
Allocation

 

Change in
Accounting
Method for
Inventory

 

As
Adjusted

 

Segment Operating Profit:

 

 

 

 

 

 

 

 

 

Europe

 

$

71

 

$

5

 

$

 

$

76

 

North America

 

59

 

(6

)

10

 

63

 

South America

 

45

 

 

 

 

 

45

 

Asia Pacific

 

24

 

 

 

 

 

24

 

Reportable segment totals

 

199

 

(1

)

10

 

208

 

 

 

 

 

 

 

 

 

 

 

Retained corporate costs and other

 

(13

)

1

 

 

 

(12

)

Net sales for the Company's reportable segments

 

 

 

 

2012

 

2011

 

Net sales:

 

 

 

 

 

Europe

 

$

705

 

$

698

 

North America

 

482

 

463

 

South America

 

277

 

269

 

Asia Pacific

 

257

 

262

 

 

 

 

 

 

 

Reportable segment totals

 

1,721

 

1,692

 

Other

 

18

 

27

 

Net sales

 

$

1,739

 

$

1,719

 

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

 

 

 

2012

 

2011

 

Segment Operating Profit:

 

 

 

 

 

 

 

 

 

 

 

Europe

 

$

108

 

$

76

 

North America

 

78

 

63

 

South America

 

38

 

45

 

Asia Pacific

 

36

 

24

 

Reportable segment totals

 

260

 

208

 

 

 

 

 

 

 

Items excluded from Segment Operating Profit:

 

 

 

 

 

Retained corporate costs and other

 

(29

)

(12

)

Restructuring and asset impairment

 

 

 

(8

)

Interest income

 

3

 

3

 

Interest expense

 

(64

)

(76

)

Earnings from continuing operations before income taxes

 

$

170

 

$

115

 

Total assets for the Company's reportable segments

 

 

 

 

March 31,

 

December 31,

 

March 31,

 

 

 

2012

 

2011

 

2011

 

Total assets:

 

 

 

 

 

 

 

Europe

 

$

3,744

 

$

3,588

 

$

3,842

 

North America

 

2,056

 

2,020

 

2,040

 

South America

 

1,724

 

1,682

 

1,678

 

Asia Pacific

 

1,359

 

1,379

 

2,037

 

 

 

 

 

 

 

 

 

Reportable segment totals

 

8,883

 

8,669

 

9,597

 

Other

 

278

 

306

 

428

 

Consolidated totals

 

$

9,161

 

$

8,975

 

$

10,025