XML 50 R37.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stock-holders' Equity and Non-controlling Interests (Tables)
9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Schedule of Stockholders Equity [Table Text Block]
Changes in equity for the three and nine months ended September 30, 2018 and 2017 are as follows:
 
2018
 
2017
 
Visteon
 
NCI
 
Total
 
Visteon
 
NCI
 
Total
 
(Dollars in Millions)
Three Months Ended September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
516

 
$
100

 
$
616

 
$
569

 
$
136

 
$
705

Net income from continuing operations
20

 
3

 
23

 
43

 
4

 
47

Net income from discontinued operations
1

 

 
1

 

 

 

Net income
21

 
3

 
24

 
43

 
4

 
47

Other comprehensive income (loss)
 
 
 
 
 
 
 
 
 
 
 
    Foreign currency translation adjustments
(14
)
 
(3
)
 
(17
)
 
17

 
2

 
19

    Net investment hedge

 

 

 
(7
)
 

 
(7
)
Benefit plans

 

 

 
(1
)
 

 
(1
)
    Unrealized hedging gain
1

 

 
1

 
1

 

 
1

    Total other comprehensive income (loss)
(13
)
 
(3
)
 
(16
)
 
10

 
2

 
12

Stock-based compensation, net
2

 

 
2

 
3

 

 
3

Share repurchases
(50
)
 

 
(50
)
 
(10
)
 

 
(10
)
VFAE acquisition

 
15

 
15

 

 

 

Dividends to non-controlling interests

 

 

 

 
(24
)
 
(24
)
Ending balance
$
476

 
$
115

 
$
591

 
$
615

 
$
118

 
$
733

 
2018
 
2017
 
Visteon
 
NCI
 
Total
 
Visteon
 
NCI
 
Total
 
(Dollars in Millions)
Nine Months Ended September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
637

 
$
124

 
$
761

 
$
586

 
$
138

 
$
724

Net income from continuing operations
119

 
8

 
127

 
143

 
11

 
154

Net income from discontinued operations
2

 

 
2

 
8

 

 
8

Net income
121

 
8

 
129

 
151

 
11

 
162

Other comprehensive income (loss)
 
 
 
 
 
 
 
 
 
 
 
    Foreign currency translation adjustments
(43
)
 
(4
)
 
(47
)
 
57

 
4

 
61

    Net investment hedge
2

 

 
2

 
(20
)
 

 
(20
)
    Benefit plans
2

 

 
2

 
(2
)
 

 
(2
)
    Unrealized hedging gain
5

 

 
5

 
4

 

 
4

    Total other comprehensive income (loss)
(34
)
 
(4
)
 
(38
)
 
39

 
4

 
43

Stock-based compensation, net
2

 

 
2

 
9

 

 
9

Share repurchases
(250
)
 

 
(250
)
 
(170
)
 

 
(170
)
VFAE acquisition

 
15

 
15

 

 

 

Dividends to non-controlling interests

 
(28
)
 
(28
)
 

 
(35
)
 
(35
)
Ending balance
$
476

 
$
115

 
$
591

 
$
615

 
$
118

 
$
733

Schedule of Non-controlling Interests [Table Text Block]
The Company's non-controlling interests are as follows:
 
September 30
 
December 31
 
2018
 
2017
 
(Dollars in Millions)
Yanfeng Visteon Automotive Electronics Co., Ltd.
$
55

 
$
77

Shanghai Visteon Automotive Electronics, Co., Ltd.
42

 
44

Changchun Visteon FAWAY Electronics, Co., Ltd.
15

 

Other
3

 
3

 
$
115

 
$
124

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 include:
 
Three Months Ended September 30
 
Nine Months Ended
September 30
 
2018
 
2017
 
2018
 
2017
 
(Dollars in Millions)
Changes in AOCI:
 
 
 
 
 
 
 
Beginning balance
$
(195
)
 
$
(204
)
 
$
(174
)
 
$
(233
)
Other comprehensive income (loss) before reclassification, net of tax
(11
)
 
8

 
(33
)
 
34

Amounts reclassified from AOCI
(2
)
 
2

 
(1
)
 
5

Ending balance
$
(208
)
 
$
(194
)
 
$
(208
)
 
$
(194
)
Changes in AOCI by Component:
 
 
Foreign currency translation adjustments
 
 
 
 
 
 
 
  Beginning balance
$
(129
)
 
$
(123
)
 
$
(100
)
 
$
(163
)
Other comprehensive income (loss) before reclassification, net of tax (a)
(14
)
 
17

 
(43
)
 
57

  Ending balance
(143
)
 
(106
)
 
(143
)
 
(106
)
Net investment hedge
 
 
 
 
 
 
 
  Beginning balance
(10
)
 
(3
)
 
(12
)
 
10

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

 
(7
)
 
3

 
(20
)
  Amounts reclassified from AOCI
(1
)
 

 
(1
)
 

  Ending balance
(10
)
 
(10)

 
(10
)
 
(10)

Benefit plans
 
 
 
 
 
 
 
  Beginning balance
(61
)
 
(76
)
 
(63
)
 
(75
)
  Other comprehensive income (loss) before reclassification, net of tax (a)

 
(1
)
 
1

 
(2
)
  Amounts reclassified from AOCI

 

 
1

 

  Ending balance
(61
)
 
(77
)
 
(61
)
 
(77
)
Unrealized hedging gain (loss)
 
 
 
 
 
 
 
  Beginning balance
5

 
(2
)
 
1

 
(5
)
  Other comprehensive income (loss) before reclassification, net of tax (b)
2

 
(1
)
 
6

 
(1
)
  Amounts reclassified from AOCI
(1
)
 
2

 
(1
)
 
5

  Ending balance
6

 
(1
)
 
6

 
(1
)
Total AOCI
$
(208
)
 
$
(194
)
 
$
(208
)
 
$
(194
)
(a) Net tax expense was less than $1 million for both the three and nine months ended September 30, 2018 and 2017.
(b) Net tax benefit was less than $1 million and net tax expense was less than $1 million related to unrealized hedging loss (gain) for the three months ended September 30, 2018 and 2017, respectively. Net tax expense of less than $1 million and $1 million are related to unrealized hedging gain for the nine months ended September 30, 2018 and 2017, respectively.