SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Third Party Net Sales

The Company’s segment information for the three and six months ended June 30, 2022 and 2021 was as follows:

Net Sales

	Three Months Ended				Six Months Ended
(in millions)	2022		2021		2022		2021
Technologies & Equipment	$	595	$	617	$	1,160	$	1,212
Consumables	428		445		832		876
Total net sales	$	1,023	$	1,062	$	1,992	$	2,088

Segment Adjusted Operating Income

Segment Adjusted Operating Income

	Three Months Ended				Six Months Ended
(in millions)	2022		2021		2022		2021
Technologies & Equipment	$	119	$	133	$	205	$	257
Consumables	142		154		277		303
Segment adjusted operating income	261		287		482		560
Reconciling items expense (income):
All other (a)	81		69		146		132
Restructuring and other costs	7		5		10		8
Interest expense, net	15		15		27		29
Other expense (income), net	13		8		11		(1)
Amortization of intangible assets	53		56		108		111
Depreciation resulting from the fair value step-up of property, plant, and equipment from business combinations	1		3		2		5
Income before income taxes	$	91	$	131	$	178	$	276

(a) Includes the results of unassigned Corporate headquarters costs and inter-segment eliminations.