Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Dec. 31, 2016

Disposal group, including discontinued operations, held for sale table [Line Items]

Business Combination Disclosure [Text Block]

NOTE 3. Business Acquisitions

AllGo Purchase

On July 8, 2016 Visteon acquired AllGo Embedded Systems Private Limited, a leading developer of embedded multimedia system solutions to global vehicle manufacturers, for a purchase price of $17 million ("AllGo Purchase") including $2 million of contingent consideration payable upon completion of certain technology milestones, achieved and paid on July 6, 2017. In addition, the purchase agreement includes contingent payments of $5 million if key employees remain employed through July 2019. The company has recorded a payment obligation of approximately $2 million, classified as "Other current liabilities" within the Company's balance sheet as of December 31, 2017. The AllGo Purchase was a strategic acquisition to add greater scale and depth to the Company's infotainment software capabilities. During the year ended December 31, 2016, the Company incurred acquisition-related costs of approximately $1 million. These amounts were recorded as incurred and have been classified as "Other expenses, net" within the Company's consolidated statements of comprehensive income.

The AllGo Purchase was accounted for as a business combination, with the purchase price allocation reflecting the final valuation results, as shown below (dollars in millions):

Assets Acquired:			Liabilities Assumed:
Accounts receivable	$	1	Deferred tax liabilities	$	2
Intangible assets	7		Total liabilities assumed	2
Goodwill	11
Total assets acquired	$	19	Purchase price	$	17

Assets acquired and liabilities assumed were recorded at estimated fair values based on management's estimates, available information, and reasonable and supportable assumptions. Additionally, the Company utilized a third-party to assist with certain estimates of fair values. Fair values for intangible assets were based on the income approach including excess earnings and relief from royalty methods. These fair value measurements are classified within level 3 of the fair value hierarchy. The purchase price allocation resulted in goodwill of $11 million, which is not deductible for income tax purposes; however, purchase accounting requires the establishment of deferred tax liabilities on the fair value increments related primarily to intangible assets that will be recognized as a future income tax benefit as the related assets are amortized.

The pro forma effect of the AllGo Purchase does not materially impact the Company's reported results for any period presented, and as a result no pro forma financial statements are presented.

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The AllGo Purchase was accounted for as a business combination, with the purchase price allocation reflecting the final valuation results, as shown below (dollars in millions):

Assets Acquired:			Liabilities Assumed:
Accounts receivable	$	1	Deferred tax liabilities	$	2
Intangible assets	7		Total liabilities assumed	2
Goodwill	11
Total assets acquired	$	19	Purchase price	$	17