Stock-holders' Equity and Non-controlling Interests (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Schedule of non-controlling interests

Non-controlling interests in Visteon Corporation are as follows:

	December 31,
(In millions)	2021		2020
Yanfeng Visteon Automotive Electronics Co., Ltd.	$	33	$	57
Shanghai Visteon Automotive Electronics Co., Ltd.	45		44
Changchun Visteon FAWAY Automotive Electronics Co., Ltd.	20		20
Other	2		2
	$	100	$	123

Schedule of accumulated other comprehensive income (loss)

Changes in AOCI and reclassifications out of AOCI by component includes:

	Year Ended December 31,
(In millions)	2021		2020
Changes in AOCI:
Beginning balance	$	(304)	$	(267)
Other comprehensive income (loss) before reclassification, net of tax	70		(44)
Amounts reclassified from AOCI	5		7
Ending balance	$	(229)	$	(304)
Changes in AOCI by component:
Foreign currency translation adjustments
Beginning balance	$	(115)	$	(153)
Other comprehensive income (loss) before reclassification (a)	(34)		38
Ending balance	(149)		(115)
Net investment hedge
Beginning balance	(15)		4
Other comprehensive income (loss) before reclassification (a)	25		(14)
Amounts reclassified from AOCI (b)	(6)		(5)
Ending balance	4		(15)
Benefit plans
Beginning balance	(165)		(114)
Other comprehensive income (loss) before reclassification, net of tax (c)	79		(59)
Amounts reclassified from AOCI	5		8
Ending balance	(81)		(165)
Unrealized hedging gain (loss)
Beginning balance	(9)		(4)
Other comprehensive income (loss) before reclassification, net of tax (d)	—		(9)
Amounts reclassified from AOCI	6		4
Ending balance	(3)		(9)
AOCI ending balance	$	(229)	$	(304)

(a) There were no income tax effects for either period due to the valuation allowance.

(b) Amounts are included in "Interest expense" within the Consolidated Statements of Operations.

(c) Amount included in the computation of net periodic pension cost. (See Note 12, "Employee Benefit Plans" for additional details.) Net of tax expense of $4 million, and tax benefit of less than $1 million related to benefit plans for the years ended December 31, 2021 and 2020, respectively.

(d) There were no income tax effects for the periods ended December 31, 2021 and 2020.