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Shareholders' Equity and Non-controlling Interests (Tables)
6 Months Ended
Jun. 30, 2013
Equity [Abstract]  
Schedule of Stockholders Equity [Table Text Block]
Changes in Visteon equity including non-controlling interests ("NCI") for the three and six-months ended June 30, 2013 and 2012 are as follows.
 
2013
 
2012
 
Visteon
 
NCI
 
Total
 
Visteon
 
NCI
 
Total
 
(Dollars in Millions)
Three Months Ended June 30:
 
 
 
 
 
 
 
 
 
 
 
Stockholders' equity beginning balance
$
1,306

 
$
733

 
$
2,039

 
$
1,398

 
$
693

 
$
2,091

Income from continuing operations
65

 
21

 
86

 
76

 
9

 
85

Loss from discontinued operations

 

 

 
(1
)
 

 
(1
)
Net income
65

 
21

 
86

 
75

 
9

 
84

Other comprehensive loss
 
 
 
 
 
 
 
 
 
 
 
    Foreign currency translation adjustments
(23
)
 
(10
)
 
(33
)
 
(47
)
 
(9
)
 
(56
)
    Benefit plans
1

 
2

 
3

 
(3
)
 

 
(3
)
    Unrealized hedging (loss) gains
(5
)
 
(1
)
 
(6
)
 
4

 
2

 
6

    Total other comprehensive loss
(27
)
 
(9
)
 
(36
)
 
(46
)
 
(7
)
 
(53
)
Stock-based compensation, net
5

 

 
5

 
6

 

 
6

Warrant exercises
3

 

 
3

 

 

 

Stockholders' equity ending balance
$
1,352

 
$
745

 
$
2,097

 
$
1,433

 
$
695

 
$
2,128

 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30:
 
 
 
 
 
 
 
 
 
 
 
Stockholders' equity beginning balance
$
1,385

 
$
756

 
$
2,141

 
$
1,307

 
$
690

 
$
1,997

Income from continuing operations
134

 
36

 
170

 
44

 
27

 
71

Income from discontinued operations

 

 

 
2

 

 
2

Net income
134

 
36

 
170

 
46

 
27

 
73

Other comprehensive loss
 
 
 
 
 
 
 
 
 
 
 
    Foreign currency translation adjustments
(54
)
 
(20
)
 
(74
)
 
(19
)
 
(3
)
 
(22
)
    Benefit plans
10

 

 
10

 
(1
)
 

 
(1
)
    Unrealized hedging (loss) gains
(11
)
 
(5
)
 
(16
)
 
14

 
3

 
17

    Total other comprehensive loss
(55
)
 
(25
)
 
(80
)
 
(6
)
 

 
(6
)
Stock-based compensation, net
10

 

 
10

 
13

 

 
13

Warrant exercises
3

 

 
3

 

 

 

Common stock contribution to U.S. pension plans

 

 

 
73

 

 
73

Share repurchase
(125
)
 

 
(125
)
 

 

 

Dividends to non-controlling interests

 
(22
)
 
(22
)
 

 
(22
)
 
(22
)
Stockholders' equity ending balance
$
1,352

 
$
745

 
$
2,097

 
$
1,433

 
$
695

 
$
2,128

Schedule of Noncontrolling Interests [Table Text Block]
Non-controlling interests in the Visteon Corporation economic entity are comprised of the following:
 
June 30
 
December 31
 
2013
 
2012
 
(Dollars in Millions)
Halla Visteon Climate Control Corporation
$
711

 
$
723

Visteon Interiors Korea Ltd
19

 
20

Other
15

 
13

Total non-controlling interests
$
745

 
$
756

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
Changes in Accumulated other comprehensive income (loss) (“AOCI”) and reclassifications out of AOCI by component includes:
 
Three Months Ended
 
Six Months Ended
 
June 30
 
June 30
 
2013
 
2012
 
2013
 
2012
 
(Dollars in Millions)
Changes in AOCI:
 
 
 
 
 
 
 
Beginning balance
$
(118
)
 
$
15

 
$
(90
)
 
$
(25
)
Other comprehensive loss before reclassification, net of tax
(25
)
 
(46
)
 
(56
)
 
(6
)
Amounts reclassified from AOCI
(2
)
 

 
1

 

Ending balance
$
(145
)
 
$
(31
)
 
$
(145
)
 
$
(31
)
 
 
 
 
 
 
 
 
Changes in AOCI by component:
 
 
 
 
 
 
Foreign currency translation adjustments
 
 
 
 
 
 
 
  Beginning balance
$
(20
)
 
$
(13
)
 
$
11

 
$
(41
)
Other comprehensive loss before reclassification, net of tax (a)
(22
)
 
(47
)
 
(52
)
 
(19
)
Amounts reclassified from AOCI (b)
(1
)
 

 
(2
)
 

  Ending balance
(43
)
 
(60)

 
(43)

 
(60)

Benefit plans
 
 
 
 
 
 
 
  Beginning balance
(99
)
 
27

 
(108
)
 
25

  Other comprehensive income (loss) before reclassification, net of tax (c)
1

 
(3
)
 
11

 
(1
)
  Amounts reclassified from AOCI (d)

 

 
(1
)
 

  Ending balance
(98
)
 
24

 
(98
)
 
24

Unrealized hedging gains (loss)
 
 
 
 
 
 
 
  Beginning balance
1

 
1

 
7

 
(9
)
  Other comprehensive (loss) income before reclassification, net of tax (e)
(4
)
 
4

 
(15
)
 
14

  Amounts reclassified from AOCI (f)
(1
)
 

 
4

 

  Ending balance
(4
)
 
5

 
(4
)
 
5

AOCI ending balance
$
(145
)
 
$
(31
)
 
$
(145
)
 
$
(31
)
(a) Tax benefit of $2 million is related to foreign currency translation adjustments for the three months ended June 30, 2012.
(b) Amount included in Other expense in Consolidated Statement of Comprehensive Income.
(c) Tax expenses of $1 million and $3 million are related to benefit plans for the three and six month periods ended June 30, 2013, respectively.
(d) Amount included in the computation of net periodic pension cost. (See Note 8 Employee retirement benefits for additional details.)
(e) Tax benefit of $2 million and tax expense of $3 million are related to unrealized hedging gains (loss) for the three months ended June 30, 2013 and 2012, respectively.
(f) Amount is included in Cost of sales in Consolidated Statement of Comprehensive Income.