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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Sales $ 812 $ 503 $ 1,628 $ 1,003
Cost of sales 713 446 1,417 873
Gross margin 99 57 211 130
Selling, general and administrative expenses 65 48 123 94
Restructuring expense 12 13 15 14
Interest expense 7 7 12 15
Interest income 1 2 1 4
Loss on debt extinguishment 5 23 5 23
Equity in net income of non-consolidated affiliates 12 7 11 7
Gain on sale of non-consolidated affiliates 62 2 62 2
Other (income) expense, net (4) 16 8 22
Income (loss) before income taxes 89 (39) 122 (25)
Provision (benefit) for income taxes 24 (2) 33 11
Net income (loss) from continuing operations 65 (37) 89 (36)
Income (loss) from discontinued operations, net of tax 2,159 (104) 2,205 (57)
Net income (loss) 2,224 (141) 2,294 (93)
Net income attributable to non-controlling interests 16 14 36 43
Net income (loss) attributable to Visteon Corporation $ 2,208 $ (155) $ 2,258 $ (136)
Basic earnings (loss) per share:        
Continuing operations $ 1.34 $ (0.89) $ 1.76 $ (1.04)
Discontinued operations 49.54 (2.46) 49.79 (1.85)
Basic earnings (loss) attributable to Visteon Corporation 50.88 (3.35) 51.55 (2.89)
Diluted earnings (loss) per share        
Continuing operations 1.31 (0.89) 1.71 (1.04)
Discontinued operations 48.42 (2.46) 48.58 (1.85)
Diluted earnings (loss) attributable to Visteon Corporation $ 49.73 $ (3.35) $ 50.29 $ (2.89)
Comprehensive income:        
Comprehensive income (loss) $ 2,303 $ (107) $ 2,323 $ (80)
Comprehensive income (loss) attributable to Visteon Corporation $ 2,288 $ (131) $ 2,296 $ (124)