10-Q

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TABLE OF CONTENTS

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 10-Q

ý	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 26, 2014
OR
o	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                              to                               .

Commission File No. 001-31970

TRW Automotive Holdings Corp.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction of
incorporation or organization) 81-0597059
(I.R.S. Employer
Identification Number)

12001 Tech Center Drive, Livonia, Michigan 48150
(Address of principal executive offices)

(734) 855-2600
(Registrant's telephone number, including area code)

Not applicable
(Former name, former address or former fiscal year, if changed since last report)

        Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý    No o

        Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ý    No o

        Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act (check one):

Large accelerated filer ý Accelerated filer o Non-accelerated filer o
(Do not check if a smaller reporting company) Smaller reporting company o

        Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o    No ý

        As of October 22, 2014, the number of shares outstanding of the registrant's Common Stock was 110,629,393.

TRW Automotive Holdings Corp.
Index

		Page
PART I—FINANCIAL INFORMATION
Item 1.	Financial Statements	2
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	31
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	49
Item 4.	Controls and Procedures	49
PART II—OTHER INFORMATION
Item 1.	Legal Proceedings	51
Item 1A.	Risk Factors	51
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	54
Item 5.	Other Information	55
Item 6.	Exhibits	55
Signatures		57

1

PART I—FINANCIAL INFORMATION

Item 1.    Financial Statements

TRW Automotive Holdings Corp.

Consolidated Statements of Earnings

	Three Months Ended						Nine Months Ended
	September 26, 2014			September 27, 2013			September 26, 2014			September 27, 2013
	(Unaudited)
	(In millions, except per share amounts)
Sales	$	4,156		$	4,212		$	13,191		$	12,939
Cost of sales		3,681			3,762			11,649			11,531
Gross profit		475			450			1,542			1,408
Administrative and selling expenses		174			151			509			439
Restructuring charges and asset impairments		10			5			36			43
Transaction costs		13			—			13			—
Other (income) expense—net		(13	)		5			2			(1	)
Operating income		291			289			982			927
Interest expense—net		25			33			82			97
Loss on retirement of debt—net		—			—			—			5
Equity in earnings of affiliates, net of tax		(12	)		(12	)		(32	)		(35	)
Earnings before income taxes		278			268			932			860
Income tax expense		80			62			250			221
Net earnings		198			206			682			639
Less: Net earnings attributable to noncontrolling interest, net of tax		9			9			29			32
Net earnings attributable to TRW	$	189		$	197		$	653		$	607
Basic earnings per share:
Earnings per share	$	1.70		$	1.68		$	5.85		$	5.12
Weighted average shares outstanding		111.1			117.0			111.7			118.5
Diluted earnings per share:
Earnings per share	$	1.61		$	1.60		$	5.56		$	4.88
Weighted average shares outstanding		117.8			124.2			118.3			125.6

See accompanying notes to unaudited condensed consolidated financial statements.

2

TRW Automotive Holdings Corp.

Consolidated Statements of Comprehensive Earnings

	Three Months Ended						Nine Months Ended
	September 26, 2014			September 27, 2013			September 26, 2014			September 27, 2013
	(Unaudited)
	(Dollars in millions)
Net earnings	$	198		$	206		$	682		$	639
Other comprehensive (losses) earnings:
Foreign currency translation		(153	)		70			(120	)		(47	)
Retirement obligations, net of tax		15			(5	)		14			(23	)
Deferred cash flow hedges, net of tax		7			16			31			(10	)
Total other comprehensive (losses) earnings		(131	)		81			(75	)		(80	)
Comprehensive earnings		67			287			607			559
Less: Comprehensive earnings attributable to noncontrolling interest		8			12			24			35
Comprehensive earnings attributable to TRW	$	59		$	275		$	583		$	524

See accompanying notes to unaudited condensed consolidated financial statements.

3

TRW Automotive Holdings Corp.

Condensed Consolidated Balance Sheets

	As of
	September 26, 2014			December 31, 2013
	(Unaudited)
	(Dollars in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	815		$	1,729
Accounts receivable—net		2,841			2,478
Inventories		1,079			1,019
Prepaid expenses and other current assets		459			402
Assets held-for-sale		261			—
Total current assets		5,455			5,628
Property, plant and equipment—net of accumulated depreciation of $4,151 and $4,420, respectively		2,489			2,718
Goodwill		1,753			1,760
Intangible assets—net		288			292
Pension assets		1,175			1,059
Other assets		826			795
Total assets	$	11,986		$	12,252
LIABILITIES AND EQUITY
Current liabilities:
Short-term debt	$	238		$	159
Current portion of long-term debt		35			482
Trade accounts payable		2,426			2,597
Accrued compensation		275			285
Other current liabilities		1,251			1,232
Liabilities related to assets held-for-sale		100			—
Total current liabilities		4,325			4,755
Long-term debt		1,452			1,473
Postretirement benefits other than pensions		362			375
Pension benefits		576			676
Other long-term liabilities		682			577
Total liabilities		7,397			7,856
Commitments and contingencies
Stockholders' equity:
Capital stock		1			1
Paid-in-capital		1,705			1,715
Retained earnings		3,110			2,858
Accumulated other comprehensive losses		(450	)		(380	)
Total TRW stockholders' equity		4,366			4,194
Noncontrolling interest		223			202
Total equity		4,589			4,396
Total liabilities and equity	$	11,986		$	12,252

See accompanying notes to unaudited condensed consolidated financial statements.

4

TRW Automotive Holdings Corp.

Condensed Consolidated Statements of Cash Flows

	Nine Months Ended
	September 26, 2014			September 27, 2013
	(Unaudited)
	(Dollars in millions)
Operating Activities
Net earnings	$	682		$	639
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization		337			318
Net pension and other postretirement benefits income and contributions		(159	)		(175	)
Loss on retirement of debt—net		—			5
Asset impairments		12			—
Deferred income taxes		119			110
Other—net		9			27
Changes in assets and liabilities:
Accounts receivable—net		(491	)		(792	)
Inventories		(151	)		(91	)
Trade accounts payable		(53	)		157
Prepaid expenses and other assets		(133	)		(31	)
Other liabilities		109			73
Net cash provided by operating activities		281			240
Investing Activities
Capital expenditures		(354	)		(411	)
Net proceeds from asset sales and divestitures		1			1
Investment in non-consolidated joint venture assets		(6	)		—
Net cash used in investing activities		(359	)		(410	)
Financing Activities
Change in short-term debt		79			42
Proceeds from issuance of long-term debt, net of fees		13			484
Redemption of long-term debt		(484	)		(121	)
Proceeds from exercise of stock options		3			29
Repurchase of capital stock		(400	)		(460	)
Dividends paid to noncontrolling stockholders		(3	)		(15	)
Net cash used in financing activities		(792	)		(41	)
Effect of exchange rate changes on cash		(31	)		1
Change in cash held-for-sale		(13	)		—
Decrease in cash and cash equivalents		(914	)		(210	)
Cash and cash equivalents at beginning of period		1,729			1,223
Cash and cash equivalents at end of period	$	815		$	1,013

See accompanying notes to unaudited condensed consolidated financial statements.

5

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements

1. Description of Business

        TRW Automotive Holdings Corp. (also referred to herein as the "Company") is among the world's largest and most diversified suppliers of automotive systems, modules and components to global automotive original equipment manufacturers ("OEMs") and related aftermarkets. The Company conducts substantially all of its operations through subsidiaries. These operations primarily encompass the design, manufacture and sale of active and passive safety related products and systems. Active safety related products and systems principally refer to vehicle dynamic controls (primarily braking and steering), and passive safety related products and systems principally refer to occupant restraints (primarily airbags and seat belts) and safety electronics (primarily electronic control units and crash and occupant weight sensors). The Company is primarily a "Tier 1" supplier (a supplier that sells to OEMs). In 2013, approximately 83% of the Company's end-customer sales were to major OEMs.

2. Merger

        On September 15, 2014, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with ZF Friedrichshafen AG, a stock corporation organized and existing under the laws of the Federal Republic of Germany ("ZF"), and MSNA, Inc., a Delaware corporation ("Merger Sub") and a wholly owned subsidiary of ZF held directly by ZF North America, Inc. ("ZNA"), pursuant to which Merger Sub will be merged with and into the Company (the "ZF Merger") with the Company surviving the ZF Merger as an indirect wholly owned subsidiary of ZF. The Board of Directors of the Company unanimously approved the Merger Agreement and resolved to recommend that the Company's stockholders vote to adopt the Merger Agreement.

        At the effective time of the ZF Merger, each share of the Company's common stock issued and outstanding (other than any shares of Company common stock held by ZF, ZNA, Merger Sub or any other wholly owned subsidiary of ZF, treasury shares held by the Company and shares owned by stockholders who have properly made and not withdrawn a demand for appraisal rights under Delaware law) will be converted into the right to receive $105.60 in cash, without interest (the "Merger Consideration"). In addition, at the effective time of the ZF Merger, (i) all then-outstanding Company stock options, restricted stock units ("RSUs"), phantom stock units ("PSUs") and performance share units ("Performance Units," which will vest at the "maximum level" of performance), whether vested or unvested, will be converted into the right to receive the Merger Consideration, less the exercise price of such awards, if any, and (ii) all then-outstanding Company stock-settled stock appreciation rights ("SSARs"), whether vested or unvested, will be converted into the right to receive an amount in cash equal to the excess of the lesser of the Merger Consideration and the "maximum value" of such stock appreciation right over the fair market value per share at the relevant grant date. The consummation of the ZF Merger is subject to customary closing conditions, including approval by the Company's stockholders as well as the receipt of antitrust and other regulatory approvals in the United States and certain other jurisdictions and other customary closing conditions. The transaction is expected to close in the first half of 2015. If completed, the ZF Merger will result in the Company becoming a wholly owned subsidiary of ZF and its shares will no longer be listed on any public market.

3. Basis of Presentation

        These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2013, filed with the U.S. Securities and Exchange Commission ("SEC") on February 14, 2014.

6

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

3. Basis of Presentation (Continued)

        These unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the SEC for interim financial information. Accordingly, they do not include all of the information and footnotes required by United States generally accepted accounting principles ("GAAP") for complete financial statements. These financial statements include all adjustments (consisting primarily of normal, recurring adjustments) considered necessary for a fair presentation of the financial position, results of operations and cash flows of the Company. Operating results for the three and nine months ended September 26, 2014 are not necessarily indicative of results that may be expected for the year ending December 31, 2014.

        The Company follows a fiscal calendar that ends on December 31. However, each fiscal quarter has three periods consisting of one five week period and two four week periods. Each quarterly period ends on a Friday, with the possible exception of the final quarter of the year, which always ends on December 31.

        Earnings Per Share.    Basic earnings per share are calculated by dividing net earnings by the weighted average shares outstanding during the period. Diluted earnings per share reflect the weighted average impact of all potentially dilutive securities from the date of issuance, including stock options, RSUs, SSARs and Performance Units. Further, if the inclusion of shares potentially issuable for the Company's 3.50% exchangeable senior unsecured notes (see Note 12) is more dilutive than the inclusion of the interest expense for those exchangeable notes, the Company utilizes the "if-converted" method to calculate diluted earnings per share. Under the if-converted method, the Company adjusts net earnings to add back interest expense and amortization of the discount recognized on the exchangeable notes and includes the number of shares potentially issuable related to the exchangeable notes in the weighted average shares outstanding.

        If the average market price of the Company's common stock exceeds the exercise price of stock options outstanding or the fair value on the date of grant of the SSARs, the treasury stock method is used to determine the incremental number of shares to be included in the diluted earnings per share computation.

7

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

3. Basis of Presentation (Continued)

        Net earnings attributable to TRW and the weighted average shares outstanding used in calculating basic and diluted earnings per share were:

	Three Months Ended				Nine Months Ended
	September 26, 2014		September 27, 2013		September 26, 2014		September 27, 2013
	(In millions, except per share amounts)
Net earnings attributable to TRW	$	189	$	197	$	653	$	607
Interest expense on exchangeable notes, net of tax		—		1		2		3
Amortization of discount on exchangeable notes, net of tax		1		1		3		3
Net earnings attributable to TRW for purposes of calculating diluted earnings per share	$	190	$	199	$	658	$	613
Basic:
Weighted average shares outstanding		111.1		117.0		111.7		118.5
Basic earnings per share	$	1.70	$	1.68	$	5.85	$	5.12
Diluted:
Weighted average shares outstanding		111.1		117.0		111.7		118.5
Effect of dilutive stock options, RSUs and SSARs		1.7		1.3		1.6		1.2
Shares applicable to exchangeable notes		5.0		5.9		5.0		5.9
Diluted weighted average shares outstanding		117.8		124.2		118.3		125.6
Diluted earnings per share	$	1.61	$	1.60	$	5.56	$	4.88

        For the three and nine months ended September 26, 2014, de minimis and approximately 0.6 million securities, respectively, were excluded from the calculation of diluted earnings per share because the inclusion of such securities in the calculation would have been anti-dilutive.

        For the three and nine months ended September 27, 2013, approximately 0.4 million and 1.6 million securities, respectively, were excluded from the calculation of diluted earnings per share because the inclusion of such securities in the calculation would have been anti-dilutive.

8

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

3. Basis of Presentation (Continued)

        Equity.    The following tables present a rollforward of the changes in equity attributable to TRW shareholders and to the noncontrolling interest.

	Three Months Ended
	September 26, 2014									September 27, 2013
	Total			TRW Shareholders			Noncontrolling Interest			Total			TRW Shareholders			Noncontrolling Interest
	(Dollars in millions)
Beginning balance of equity	$	4,539		$	4,324		$	215		$	3,853		$	3,654		$	199
Net earnings		198			189			9			206			197			9
Other comprehensive (losses) earnings		(131	)		(130	)		(1	)		81			78			3
Changes related to share-based compensation		(17	)		(17	)		—			19			19			—
Repurchase of capital stock		—			—			—			(260	)		(260	)		—
Ending balance of equity	$	4,589		$	4,366		$	223		$	3,899		$	3,688		$	211

	Nine Months Ended
	September 26, 2014									September 27, 2013
	Total			TRW Shareholders			Noncontrolling Interest			Total			TRW Shareholders			Noncontrolling Interest
	(Dollars in millions)
Beginning balance of equity	$	4,396		$	4,194		$	202		$	3,769		$	3,578		$	191
Net earnings		682			653			29			639			607			32
Other comprehensive (losses) earnings		(75	)		(70	)		(5	)		(80	)		(83	)		3
Dividends paid to noncontrolling interest		(3	)		—			(3	)		(15	)		—			(15	)
Changes related to share-based compensation		(11	)		(11	)		—			46			46			—
Repurchase of capital stock		(400	)		(400	)		—			(460	)		(460	)		—
Ending balance of equity	$	4,589		$	4,366		$	223		$	3,899		$	3,688		$	211

9

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

3. Basis of Presentation (Continued)

        The following tables present changes in accumulated other comprehensive earnings (losses) attributable to TRW by component:

	Foreign Currency Translation			Retirement Obligations			Deferred Cash Flow Hedges			Total
	(Dollars in millions)
For the three months ended September 26, 2014:
Beginning balance attributable to TRW, net of tax	$	78		$	(406	)	$	8		$	(320	)
Other comprehensive (losses) earnings before reclassifications, net of tax		(152	)		14			7			(131	)
Amounts reclassified from accumulated other comprehensive earnings, net of tax		—			1	(a)		—			1
Other comprehensive (losses) earnings, net of tax		(152	)		15			7			(130	)
Ending balance attributable to TRW, net of tax	$	(74	)	$	(391	)	$	15		$	(450	)
For the three months ended September 27, 2013:
Beginning balance attributable to TRW, net of tax	$	(34	)	$	(577	)	$	(16	)	$	(627	)
Other comprehensive earnings (losses) before reclassifications, net of tax		67			(10	)		16			73
Amounts reclassified from accumulated other comprehensive earnings (losses), net of tax		—			5	(b)		—			5
Other comprehensive earnings (losses), net of tax		67			(5	)		16			78
Ending balance attributable to TRW, net of tax	$	33		$	(582	)	$	—		$	(549	)

(a)

Includes actuarial gains of $4 million, reduced by prior service cost of $3 million, net of tax of a de minimis amount.

(b)

Includes actuarial gains of $11 million, reduced by prior service cost of $4 million, net of tax of $2 million.

10

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

3. Basis of Presentation (Continued)

	Foreign Currency Translation			Retirement Obligations			Deferred Cash Flow Hedges			Total
	(Dollars in millions)
For the nine months ended September 26, 2014:
Beginning balance attributable to TRW, net of tax	$	41		$	(405	)	$	(16	)	$	(380	)
Other comprehensive (losses) earnings before reclassifications, net of tax		(115	)		11			27			(77	)
Amounts reclassified from accumulated other comprehensive earnings, net of tax		—			3	(a)		4			7
Other comprehensive (losses) earnings, net of tax		(115	)		14			31			(70	)
Ending balance attributable to TRW, net of tax	$	(74	)	$	(391	)	$	15		$	(450	)
For the nine months ended September 27, 2013:
Beginning balance attributable to TRW, net of tax	$	83		$	(559	)	$	10		$	(466	)
Other comprehensive losses before reclassifications, net of tax		(50	)		(37	)		(9	)		(96	)
Amounts reclassified from accumulated other comprehensive earnings (losses), net of tax		—			14	(b)		(1	)		13
Other comprehensive losses, net of tax		(50	)		(23	)		(10	)		(83	)
Ending balance attributable to TRW, net of tax	$	33		$	(582	)	$	—		$	(549	)

(a)

Includes actuarial gains of $13 million, reduced by prior service cost of $9 million, net of tax of $1 million.

(b)

Includes actuarial gains of $33 million, reduced by prior service cost of $13 million, net of tax of $6 million.

        Warranties.    Product warranty liabilities are recorded based upon management estimates including such factors as the written agreement with the customer, the length of the warranty period, the historical performance of the product and likely changes in performance of newer products and the mix and volume of products sold. Product warranty liabilities are reviewed on a regular basis and adjusted to reflect actual experience.

11

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

3. Basis of Presentation (Continued)

        The following table presents the movement in the product warranty liability for the periods indicated:

	Nine Months Ended
	September 26, 2014			September 27, 2013
	(Dollars in millions)
Beginning balance	$	152		$	140
Current period accruals, net of changes in estimates		33			44
Accruals related to divestitures		(2	)		—
Used for purposes intended		(28	)		(30	)
Effects of foreign currency translation		(5	)		(1	)
Ending balance	$	150		$	153

        Recently Issued Accounting Pronouncements.    In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers (Topic 606)," which provides a single revenue recognition model intended to improve comparability over a range of industries, companies and geographical boundaries and is intended to enhance disclosures. The standard is effective retrospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2016. Early adoption is not permitted. The Company is currently assessing the potential impact on its operations and financial statements.

        In August 2014, the FASB issued ASU No. 2014-15, "Presentation of Financial Statements—Going Concern (Subtopic 205-40)," which requires management to evaluate, at each annual and interim reporting period, whether there is substantial doubt about the Company's ability to continue as a going concern within one year after the date the financial statements are issued and provide related footnote disclosures. The standard is effective for the annual period ending after December 15, 2016 and for the annual and interim periods thereafter. Early adoption is permitted. This standard is not expected to have a material impact on the Company's financial statements.

4. Assets Held-For-Sale

        On September 10, 2014, the Company entered into a definitive agreement to divest its engine valve business for a purchase price of $385 million in cash which is subject to adjustment in accordance with the agreement as of the closing date. The engine valve business is reported within the Automotive Components segment (see Note 18). The planned divestiture is expected to close in the first quarter of 2015. This transaction qualified for held-for-sale accounting treatment, and as such, the assets and liabilities associated with the transaction are separately classified as held-for-sale in the condensed consolidated balance sheet as of September 26, 2014 and depreciation of long-lived assets ceased. The planned divestiture did not meet the criteria for presentation as a discontinued operation.

12

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

4. Assets Held-For-Sale (Continued)

        The major classes of assets and liabilities held-for-sale were as follows:

	As of September 26, 2014
	(Dollars in millions)
Cash	$	13
Accounts receivable—net		25
Inventories		48
Prepaid expenses and other current assets		7
Property, plant and equipment—net		157
Other assets		11
Total assets held-for-sale	$	261
Trade accounts payable	$	23
Accrued compensation		20
Other current liabilities		24
Pension benefits		33
Total liabilities related to assets held-for-sale	$	100

        Earnings before income taxes for the engine valve business were as follows:

	Three Months Ended				Nine Months Ended
	September 26, 2014		September 27, 2013		September 26, 2014		September 27, 2013
	(Dollars in millions)
Earnings before income taxes	$	7	$	7	$	20	$	24
Less: Earnings attributable to noncontrolling interest		1		1		3		4
Earnings before income taxes attributable to TRW	$	6	$	6	$	17	$	20

5. Inventories

        The major classes of inventory are as follows:

	As of
	September 26, 2014		December 31, 2013
	(Dollars in millions)
Finished products and work in process	$	522	$	499
Raw materials and supplies		557		520
Total inventories	$	1,079	$	1,019

13

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

6. Investment in Joint Venture Affiliate

        In the second quarter of 2014, the Company made an initial equity contribution of $6 million in a newly-formed joint venture of which the Company owns a 30% share. This joint venture will construct and operate a casting foundry in order to eventually supply castings to the Company's North American Braking operations through a long-term supply arrangement.

7. Goodwill and Intangible Assets

Goodwill

        The changes in goodwill for the period are as follows:

	Chassis Systems Segment		Occupant Safety Systems Segment			Electronics Segment		Automotive Components Segment		Total
	(Dollars in millions)
Balance as of December 31, 2013	$	1,071	$	541		$	148	$	—	$	1,760
Effects of foreign currency translation		—		(7	)		—		—		(7	)
Balance as of September 26, 2014	$	1,071	$	534		$	148	$	—	$	1,753

Intangible assets

        The following table reflects intangible assets and related accumulated amortization:

	As of September 26, 2014							As of December 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(Dollars in millions)
Definite-lived intangible assets:
Developed technology and other intangible assets	$	117	$	(93	)	$	24	$	119	$	(91	)	$	28
Indefinite-lived intangible assets:
Trademarks		264					264		264					264
Total	$	381				$	288	$	383				$	292

        The Company expects that ongoing amortization expense will approximate the following:

	(Dollars in millions)
Remainder of 2014	$	1
Fiscal year 2015		3
2016 and beyond		20

        The expected amortization expense for 2016 and beyond primarily relates to land use rights.

14

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

8. Other (Income) Expense—Net

        The following table provides details of other (income) expense—net:

	Three Months Ended						Nine Months Ended
	September 26, 2014			September 27, 2013			September 26, 2014			September 27, 2013
	(Dollars in millions)
Net provision for bad debts	$	—		$	2		$	4		$	4
Net gains on sales of assets and divestitures		(1	)		—			(1	)		(1	)
Foreign currency exchange (gains) losses		(4	)		13			9			19
Royalty and grant income		(7	)		(7	)		(16	)		(13	)
Miscellaneous other (income) expense		(1	)		(3	)		6			(10	)
Other (income) expense—net	$	(13	)	$	5		$	2		$	(1	)

9. Income Taxes

        The Company adjusts its effective tax rate each quarter to be consistent with the estimated annual effective tax rate and records the tax impact of unusual or infrequently occurring items, including changes in judgment about valuation allowances and effects of changes in tax laws or rates, in the interim period in which they occur.

        Income tax expense for the three months ended September 26, 2014 was $80 million on pre-tax earnings of $278 million, and income tax expense for the nine months ended September 26, 2014 was $250 million on pre-tax earnings of $932 million. Income tax expense for the three months ended September 27, 2013 was $62 million on pre-tax earnings of $268 million, and income tax expense for the nine months ended September 27, 2013 was $221 million on pre-tax earnings of $860 million. Income tax expense for the nine month period ended September 26, 2014 includes a $6 million net tax benefit related to a favorable ruling and the resolution of various tax matters in foreign jurisdictions. Income tax expense for both the three and nine months ended September 27, 2013 includes a tax benefit of $18 million relating to the enactment of tax legislation and reduction in corporate income tax rates in the United Kingdom. Income tax expense for the nine months ended September 27, 2013 also includes a tax benefit of $12 million relating to the enactment of the American Taxpayer Relief Act of 2012 partially offset by a net tax expense of $4 million relating to other matters, resulting in a combined net tax benefit of $26 million for the period. For the periods ended September 26, 2014 and September 27, 2013, the income tax rate varies from the United States statutory income tax rate primarily due to favorable foreign tax rates, holidays, and credits, as well as the effect of the various items noted above.

        The Company operates in multiple jurisdictions throughout the world and the income tax returns of several subsidiaries in various tax jurisdictions are currently under examination. Although it is not possible to predict the timing of the conclusions of all ongoing tax audits with accuracy, it is possible that some or all of these examinations will conclude within the next 12 months. It is also reasonably possible that certain statute of limitations may expire relating to various foreign jurisdictions within the next 12 months. As such, it is possible that a change in the Company's gross unrecognized tax benefits may occur; however, it is not possible to reasonably estimate the potential change in gross unrecognized tax benefits.

15

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

10. Pension Plans and Postretirement Benefits Other Than Pensions

Pension Plans

        The following tables provide the components of net pension (income) cost for the Company's defined benefit pension plans:

	Three Months Ended
	September 26, 2014									September 27, 2013
	U.S.			U.K.			Rest of World			U.S.			U.K.			Rest of World
	(Dollars in millions)
Service cost	$	—		$	—		$	6		$	1		$	—		$	6
Interest cost on projected benefit obligations		9			52			10			10			46			9
Expected return on plan assets		(12	)		(86	)		(6	)		(15	)		(77	)		(5	)
Amortization		2			—			3			7			—			4
Settlement		—			—			—			—			—			(1	)
Net pension (income) cost	$	(1	)	$	(34	)	$	13		$	3		$	(31	)	$	13

	Nine Months Ended
	September 26, 2014									September 27, 2013
	U.S.			U.K.			Rest of World			U.S.			U.K.			Rest of World
	(Dollars in millions)
Service cost	$	1		$	—		$	17		$	2		$	—		$	17
Interest cost on projected benefit obligations		28			157			28			31			140			27
Expected return on plan assets		(37	)		(259	)		(15	)		(44	)		(233	)		(15	)
Amortization		6			—			9			20			—			14
Settlement		—			—			—			—			—			(1	)
Net pension (income) cost	$	(2	)	$	(102	)	$	39		$	9		$	(93	)	$	42

Postretirement Benefits Other Than Pensions ("OPEB")

        The following tables provide the components of net OPEB cost (income) for the Company's plans:

	Three Months Ended
	September 26, 2014						September 27, 2013
	U.S.			Rest of World			U.S.			Rest of World
	(Dollars in millions)
Service cost	$	—		$	—		$	1		$	—
Interest cost on projected benefit obligations		4			1			3			1
Amortization		(2	)		(1	)		(3	)		(1	)
Settlement		—			—			(1	)		—
Net OPEB cost (income)	$	2		$	—		$	—		$	—

16

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

10. Pension Plans and Postretirement Benefits Other Than Pensions (Continued)

	Nine Months Ended
	September 26, 2014						September 27, 2013
	U.S.			Rest of World			U.S.			Rest of World
	(Dollars in millions)
Service cost	$	—		$	—		$	1		$	—
Interest cost on projected benefit obligations	$	12		$	3		$	10		$	3
Amortization		(7	)		(4	)		(10	)		(3	)
Settlement		—			—			(7	)		—
Net OPEB cost (income)	$	5		$	(1	)	$	(6	)	$	—

11. Fair Value Measurements and Financial Instruments

        The inputs to valuation techniques used to measure fair value are prioritized into a three-level hierarchy. This hierarchy gives the highest priority to quoted prices in active markets for identical assets and liabilities and lowest priority to unobservable inputs, as follows:

        Level 1.    Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company can access at the measurement date.

        Level 2.     Inputs are other than quoted prices that are observable for the asset or liability, either directly or indirectly.

        Level 3.     Unobservable inputs are supported by little or no market activity. The unobservable inputs represent the Company's best assumptions of how market participants would price the assets or liabilities.

Items Measured at Fair Value on a Recurring Basis

        The fair value measurements for assets and liabilities recognized in the Company's condensed consolidated balance sheets are as follows:

	As of
	September 26, 2014		December 31, 2013		Measurement Approach
	(Dollars in millions)
Foreign currency exchange contracts—current assets	$	16	$	6	Level 2
Foreign currency exchange contracts—noncurrent assets		13		—	Level 2
Foreign currency exchange contracts—current liability		3		5	Level 2
Foreign currency exchange contracts—noncurrent liability		2		9	Level 2

        The Company's foreign currency exchange contracts are recorded at fair value derived principally from or corroborated by observable market data under the market approach. Inputs include quoted prices for similar assets and liabilities (risk adjusted), and market-corroborated inputs, such as market comparables, interest rates, yield curves and other items that allow value to be determined. The Company uses quoted currency forward rates to calculate forward values, and then discounts the

17

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

11. Fair Value Measurements and Financial Instruments (Continued)

forward values. In addition, the Company's calculation of the fair value of its foreign currency option contracts uses quoted currency volatilities.

        The discount rates for all derivative contracts are based on quoted bank deposit rates. For contracts which, when aggregated by counterparty, are in a liability position, the rates are adjusted by the credit spread which market participants would apply if buying these contracts from the Company's counterparties.

        There were no changes in the Company's valuation techniques during the nine months ended September 26, 2014.

Items Measured at Fair Value on a Nonrecurring Basis

        In addition to items that are measured at fair value on a recurring basis, we also have assets that may be measured at fair value on a nonrecurring basis. These assets include long-lived assets, intangible assets and investments in affiliates, which may be written down to fair value as a result of impairment.

        The Company has determined that the fair value measurements related to each of these assets rely primarily on Company-specific inputs and the Company's assumptions about the use of the assets, as observable inputs are not available. As such, the Company has determined that each of these fair value measurements reside within Level 3 of the fair value hierarchy. To determine the fair value of long-lived assets, the Company utilizes the projected cash flows expected to be generated by the long-lived assets, then discounts the future cash flows over the useful life of the long-lived assets by using a risk-adjusted rate for the Company. For the nine months ended September 26, 2014, the Company recorded asset impairments of $12 million associated with its determination of the fair value of its long-lived assets that exhibited indicators of impairment (see Note 13).

Financial Instruments Not Carried at Fair Value

        The carrying value and estimated fair value of financial instruments that are not carried on the Company's balance sheet at fair value are as follows:

	As of
	September 26, 2014				December 31, 2013
	Carrying Value		Fair Value		Carrying Value		Fair Value		Measurement Approach
	(Dollars in millions)
Short-term debt, fixed and floating rate	$	238	$	238	$	159	$	159	Level 2
Fixed rate long-term debt	$	1,349	$	1,442	$	1,821	$	1,884	Level 2
Fixed rate exchangeable notes	$	138	$	502	$	134	$	375	Level 2

        The carrying value of short-term debt approximates fair value because of the short term nature of these instruments. The fair value of long term debt was determined primarily from quoted market prices, as provided by participants in the secondary marketplace. For long-term debt without a quoted market price, the Company estimates the fair value using discounted cash flow models with market based borrowing rates for similar types of arrangements.

18

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

11. Fair Value Measurements and Financial Instruments (Continued)

Derivative Instruments and Hedging Activities

        The Company is exposed to fluctuations in foreign currency exchange rates, interest rates and commodity prices. The Company enters into derivative instruments primarily to hedge portions of its forecasted foreign currency denominated cash flows and designates these derivative instruments as cash flow hedges in order to qualify for hedge accounting. Certain foreign exchange contracts that do not qualify for hedge accounting are entered into to hedge recognized foreign currency transactions. All gains or losses on derivative instruments which are not designated for hedge accounting treatment or do not qualify for hedge accounting, or result from hedge ineffectiveness, are reported in earnings immediately.

        In addition, the Company is exposed to credit loss in the event of nonperformance by the counterparty to the derivative financial instruments. The Company attempts to limit this exposure by entering into agreements directly with a number of major financial institutions that meet the Company's credit standards and that are expected to fully satisfy their obligations under the contracts, and by monitoring the Company's credit exposure to each counterparty in light of its current credit quality.

        As of September 26, 2014, the Company had a notional value of $2.8 billion in foreign exchange contracts outstanding. These foreign exchange contracts mature at various dates through September 2017.

        Cash Flow Hedges.    For any derivative instrument that is designated and qualifies as a cash flow hedge, the effective portion of the gain or loss on the derivative is reported as a component of Other Comprehensive Income ("OCI"), and is subsequently reclassified into earnings in the period which the hedged transaction affects earnings. The earnings impact is reported either in sales, cost of sales, or other (income) expense—net, to match the underlying transaction. Gains and losses on the derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness, which were immaterial for each of the three and nine months ended September 26, 2014 and September 27, 2013, are recognized in other (income) expense—net.

        The effective portion of gains and losses on derivatives designated as cash flow hedges and recognized in OCI was a gain of $8 million and $33 million for the three and nine months ended September 26, 2014, respectively, compared to a gain of $22 million and a loss of $11 million for the three and nine months ended September 27, 2013, respectively, all of which were related to foreign currency exchange contracts.

        The effective portion of gains and losses on cash flow hedges reclassified from OCI into the statement of earnings for the three and nine months ended September 26, 2014 was a gain of $1 million and a loss of $4 million, respectively, and was included in various line items on the statement of earnings, compared to a de minimis amount and a gain of $1 million, respectively, for the three and nine months ended September 27, 2013.

        Gains and losses reclassified into earnings include the discontinuance of cash flow hedges, which were immaterial for each of the three and nine months ended September 26, 2014 and September 27, 2013. Approximately $9 million of gains, net of tax, which are included in OCI, are expected to be reclassified into earnings in the next twelve months.

19

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

11. Fair Value Measurements and Financial Instruments (Continued)

        Undesignated Derivatives.    For the three and nine months ended September 26, 2014, the Company recognized gains of $13 million and $16 million, respectively, in other (income) expense—net, for derivative instruments not designated as hedging instruments. For the three and nine months ended September 27, 2013, the Company recognized losses of a de minimis amount and $3 million, respectively, in other (income) expense—net, for derivative instruments not designated as hedging instruments.

        Credit-Risk-Related Contingent Features.    The Company has entered into International Swaps and Derivatives Association ("ISDA") agreements with each of its significant derivative counterparties. These agreements provide bilateral netting and offsetting of accounts that are in a liability position with those that are in an asset position. These agreements do not require the Company to maintain a minimum credit rating in order to be in compliance with the terms of the agreements and do not contain any margin call provisions or collateral requirements that could be triggered by derivative instruments in a net liability position. These agreements provide for an additional termination event if the Company's Eighth Amended and Restated Credit Agreement dated September 28, 2012 (the "Eighth Credit Agreement") is terminated or a change of control occurs under the Eighth Credit Agreement. The ZF Merger, if consummated, is expected to cause an additional termination event under these agreements. The occurrence of an additional termination event would allow the Company and each of the counterparties to request cancellation and settlement of the mark-to-market position for any outstanding derivative contracts, regardless of the maturity date of the contract.

Offsetting of Derivative Assets and Liabilities

        The following table reflects the offsetting of derivative assets and liabilities:

	As of September 26, 2014							As of December 31, 2013
	Gross Amounts Recognized		Gross Amounts Offset			Net Amounts Reported		Gross Amounts Recognized		Gross Amounts Offset			Net Amounts Reported
	(Dollars in millions)
Derivative Assets:
Foreign Currency	$	58	$	(29	)	$	29	$	42	$	(36	)	$	6
Derivative Liabilities:
Foreign Currency		34		(29	)		5		50		(36	)		14

20

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

12. Debt

        Total outstanding debt of the Company consisted of the following:

	As of
	September 26, 2014		December 31, 2013
	(Dollars in millions)
Short-term debt	$	238	$	159
Long-term debt:
6.375% Senior Notes, due 2014	$	—	$	234
7.00% Senior Notes, due 2014		—		233
7.25% Senior Notes, due 2017		445		446
4.50% Senior Notes, due 2021		400		400
4.45% Senior Notes, due 2023		400		400
Exchangeable senior notes, due 2015		138		134
Revolving credit facility		—		—
Capitalized leases		15		18
Other long-term borrowings		89		90
Total long-term debt		1,487		1,955
Less current portion		35		482
Long-term debt, net of current portion	$	1,452	$	1,473

Senior Notes

        4.45% Senior Notes.    In November 2013, the Company issued $400 million in aggregate principal amount of 4.45% senior unsecured notes due 2023 in a private placement. Interest is payable semi-annually on December 1 and June 1 of each year.

        4.50% Senior Notes.    In February 2013, the Company issued $400 million in aggregate principal amount of 4.50% senior unsecured notes due 2021 in a private placement. Interest is payable semi-annually on March 1 and September 1 of each year.

        7.25% Senior Notes.    In March 2007, the Company issued $600 million in aggregate principal amount of 7.25% senior unsecured notes due 2017 in a private placement. Interest is payable semi-annually on March 15 and September 15 of each year.

        6.375% Senior Notes and 7.00% Senior Notes Issued in 2007.    On March 15, 2014, the 6.375% Senior Notes and 7.00% Senior Notes matured and the Company paid the principal amounts outstanding of €170 million and $233 million, respectively.

Exchangeable Senior Notes

        In November 2009, the Company issued approximately $259 million in aggregate principal amount of 3.50% exchangeable senior unsecured notes due 2015 (the "Exchangeable Senior Notes") in a private placement. Prior to September 1, 2015, the notes are exchangeable only upon specified events or conditions being met and, thereafter, at any time. One condition was met as of September 26, 2014, and as such, the notes are exchangeable in the fourth quarter of 2014. They will remain exchangeable

21

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

12. Debt (Continued)

in subsequent quarters if the condition continues to be met, which occurs if the last reported sale price of the Company's common stock for at least 20 of the last 30 trading days of the immediately preceding quarter is greater than $38.415, subject to adjustment. The initial exchange rate is 33.8392 shares of the Company's common stock per $1,000 principal amount of notes. The Company's exchange obligation may be settled, at its option, in shares of its stock, cash or a combination of cash and shares of its stock. Interest is payable on June 1 and December 1 of each year. The Exchangeable Senior Notes will mature on December 1, 2015, unless earlier exchanged, repurchased by the Company at the holder's option upon a fundamental change, or optionally redeemed by the Company as provided in the indenture.

        The Exchangeable Senior Notes were recorded with a debt discount which decreased debt and increased paid-in-capital in order to separate the liability and embedded equity components. The debt component will accrete up to the principal amount to effectively yield 9.0% over the term of the debt. The debt discount as of September 26, 2014 and December 31, 2013 was $9 million and $14 million, respectively. The total interest expense recognized for the three and nine months ended September 26, 2014 was approximately $3 million and $9 million, respectively, including $1 million and $4 million in each respective period relating to the stated coupon rate. The total interest expense recognized for the three and nine months ended September 27, 2013 was approximately $3 million and $10 million, respectively, including $2 million and $5 million in each respective period relating to the stated coupon rate.

        In the third quarter of 2014, Exchangeable Senior Notes in principal amount of approximately $1 million were exchanged for approximately 34,000 shares of common stock. A de minimis loss on retirement of debt was recorded relating to the write-off of a portion of debt issue costs and the debt discount, as well as a reduction of $2 million to paid-in-capital relating to the repurchase of the conversion feature of the Exchangeable Senior Notes. The repurchased notes were retired upon settlement.

Senior Credit Facilities

        The Eighth Credit Agreement provides for senior credit facilities consisting of (i) a revolving credit facility in the amount of $1.4 billion which matures in September 2017, subject to certain liquidity conditions being met in October 2016 (the "Revolving Credit Facility"), and (ii) additional availability which may be used in the future for one or more term loans or additional revolving facilities (together with the Revolving Credit Facility, the "Facilities"). All of the Facilities were undrawn as of September 26, 2014.

        The commitment fee and the applicable margin for borrowing on the Revolving Credit Facility are subject to a ratings-based grid. The applicable margin in effect as of September 26, 2014 was 0.25% with respect to base rate borrowings, 1.25% with respect to eurocurrency borrowings, and the commitment fee on the undrawn amounts under the Revolving Credit Facility was 0.25%.

Other Borrowings

        The Company has borrowings under uncommitted credit agreements in several of the countries in which it operates. The borrowings are from various individual banks at quoted market interest rates. As of September 26, 2014, the Company had short-term borrowings under uncommitted credit facilities totaling $232 million.

22

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

12. Debt (Continued)

Debt Repurchases

        As market conditions warrant, the Company may from time to time repurchase debt securities, including exchangeable debt securities, issued by the Company or its subsidiaries, in privately negotiated or open market transactions, by tender offer, exchange offer, or by other means, or the Company may optionally redeem such debt securities.

Debt Covenants Potentially Impacted by the ZF Merger

        The ZF Merger, if consummated, is expected to cause a change of control triggering event as defined in the Company's respective Senior Note indentures and a fundamental change as defined in the Exchangeable Senior Note indenture. In general, upon the occurrence of a change of control triggering event under the Senior Note indentures, the Company is required to offer to repurchase the Senior Notes, for a certain period of time, at a price of 101% of par, plus accrued and unpaid interest. Upon the occurrence of a fundamental change under the Exchangeable Senior Note indenture, the Company is required to offer to repurchase the Exchangeable Senior Notes, for a certain period of time, at a price of 100% of par, plus accrued and unpaid interest. Additionally, assuming the ZF Merger is consummated, the Company anticipates terminating the Eighth Credit Agreement.

13. Restructuring Charges and Asset Impairments

        Restructuring charges and asset impairments incurred as part of the Company's ongoing effort to better align the Company's cost structure with global automotive market conditions, primarily in the European and North American automotive markets, include the following:

	Chassis Systems Segment		Occupant Safety Systems Segment		Electronics Segment		Automotive Components Segment			Corporate		Total
	(Dollars in millions)
For the three months ended September 26, 2014:
Severance and other charges—net	$	2	$	6	$	—	$	2		$	—	$	10
Total restructuring charges and asset impairments	$	2	$	6	$	—	$	2		$	—	$	10
For the three months ended September 27, 2013:
Severance and other charges	$	—	$	2	$	—	$	—		$	—	$	2
Other asset impairments		3		—		—		—			—		3
Total restructuring charges and asset impairments	$	3	$	2	$	—	$	—		$	—	$	5
For the nine months ended September 26, 2014:
Severance and other charges—net	$	12	$	8	$	—	$	4		$	—	$	24
Asset impairments related to restructuring activities		12		—		—		—			—		12
Total restructuring charges and asset impairments	$	24	$	8	$	—	$	4		$	—	$	36
For the nine months ended September 27, 2013:
Severance and other charges	$	17	$	29	$	—	$	(6	)	$	—	$	40
Other asset impairments		3		—		—		—			—		3
Total restructuring charges and asset impairments	$	20	$	29	$	—	$	(6	)	$	—	$	43

23

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

13. Restructuring Charges and Asset Impairments (Continued)

Restructuring Reserves

        The following table illustrates the movement of the restructuring reserves for severance and other charges, including reserves related to severance-related postemployment benefits for both periods presented:

	Nine Months Ended
	September 26, 2014			September 27, 2013
	(Dollars in millions)
Beginning balance	$	88		$	121
Current period accruals, net of changes in estimates		24			40
Accruals related to divestitures		(3	)		—
Used for purposes intended		(49	)		(64	)
Effects of foreign currency translation		(6	)		3
Ending balance	$	54		$	100

        Of the $54 million restructuring reserves as of September 26, 2014, approximately $21 million is expected to be paid in the remainder of 2014. The remaining balance is expected to be paid in 2015 to 2016 and is comprised primarily of involuntary employee termination arrangements in Europe.

14. Transaction Costs

        The Company incurred transaction and merger-related costs of $13 million for financial advisory and legal fees related to the ZF Merger (see Note 2) and the engine valve divestiture (see Note 4) for both the three and nine months ended September 26, 2014.

15. Capital Stock

        The Company's authorized capital stock consists of (i) 500 million shares of common stock, par value $.01 per share (the "Common Stock"), of which 110,628,893 shares were issued and outstanding as of September 26, 2014, net of 4,668 shares of treasury stock withheld at cost to satisfy tax obligations for a specific grant under the Company's stock-based compensation plan; and (ii) 250 million shares of preferred stock, par value $.01 per share, including 500,000 shares of Series A junior participating preferred stock, of which no shares are currently issued or outstanding.

        From time to time, capital stock is issued in conjunction with the exercise of stock options and stock-settled stock appreciation rights and the vesting of restricted stock units issued as part of the Company's stock incentive plan (see Note 16).

        Share Repurchase Programs.    The Company has two share repurchase programs in place, consisting of a $2 billion program that extends through December 31, 2016 (the "$2 Billion Program"), and a program that is intended to offset, on an ongoing basis, the dilution created by the Company's stock incentive plan for up to 1.5 million shares in 2014 and each subsequent year (the "Anti-Dilution Program"). The Anti-Dilution program does not have an expiration date. The Company is not obligated to repurchase any shares under either program.

24

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

15. Capital Stock (Continued)

        In the first quarter of 2014, the Company entered into an accelerated share repurchase ("ASR") agreement with a third-party financial institution to repurchase the Company's common stock. Under the ASR agreement, the Company made an up-front payment of $400 million and received an initial delivery of approximately 3.9 million shares in the first quarter of 2014. Upon settlement in the third quarter of 2014, the Company received approximately 0.7 million additional shares, resulting in an overall weighted average price per share of $88.08 under the ASR agreement.

        Pursuant to the terms of the Merger Agreement with ZF, the Company is restricted from repurchasing additional shares of its common stock under the share repurchase programs without ZF's consent.

16. Share-Based Compensation

Equity Awards

        On February 21, 2014, the Company granted 850,900 SSARs to executive officers and certain employees of the Company pursuant to the TRW Automotive Holdings Corp. 2012 Stock Incentive Plan (the "2012 Plan"). Under the terms of the grant, each SSAR entitles the grantee to receive the appreciation in value of one underlying share of the Company's stock from the grant date fair market value of $82.50 to the fair market value on the exercise date, although the stock price at exercise is limited to a maximum value of $130.00.

        On February 21, 2014, the Company also granted 284,723 RSUs to executive officers and certain employees of the Company pursuant to the 2012 Plan and 3,365 PSUs to certain other employees of the Company. Under the terms of the grant, each PSU entitles the grantee to receive a cash payment upon vesting equal to the fair market value on the vesting date of one share of the Company's common stock.

        In addition, on February 21, 2014, the Company granted 46,949 Performance Units to executive officers. Under the terms of the grant, the number of Performance Units that would be earned would be based on the Company's achievement of total shareholder return ("TSR") over a three-year period relative to automotive parts companies within the Russell 3000 Index.

        On May 13, 2014, the Company granted 14,742 RSUs to independent directors of the Company pursuant to the 2012 Plan.

        As of September 26, 2014, the Company had 3,352,143 shares of Common Stock available for issuance under the 2012 Plan. In addition, 231,547 stock options, 2,342,149 SSARs, 690,692 nonvested RSUs, 12,650 nonvested PSUs and 46,949 nonvested Performance Units were outstanding as of September 26, 2014. Under the terms of the respective grants, all of the SSARs and stock options have an 8-year term and vest ratably over three years, substantially all of the RSUs vest ratably over three years and a majority of the PSUs cliff vest after three years. As a result of changes to retirement provisions in the equity award agreements beginning in 2013, the Company applies a non-substantive vesting period approach for certain of the awards granted in 2014 and 2013 whereby expense is accelerated for those employees who receive awards and are eligible to retire prior to the award vesting.

25

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

16. Share-Based Compensation (Continued)

        Share-based compensation expense recognized for the Plan was as follows:

	Three Months Ended				Nine Months Ended
	September 26, 2014		September 27, 2013		September 26, 2014		September 27, 2013
	(Dollars in millions)
Stock options and SSARs	$	3	$	3	$	8	$	9
RSUs		7		6		19		21
Performance Units		1		—		3		—
Total share-based compensation expense	$	11	$	9	$	30	$	30

Potential Impact of the ZF Merger on Equity Awards

        If consummated, at the effective time of the ZF Merger, (i) all then-outstanding Company stock options, RSUs, PSUs and Performance Units (which will vest at the "maximum level" of performance), whether vested or unvested, will be converted into the right to receive the Merger Consideration, less the exercise price of such awards, if any, and (ii) all then-outstanding Company SSARs, whether vested or unvested, will be converted into the right to receive an amount in cash equal to the excess of the lesser of the Merger Consideration and the "maximum value" of such stock appreciation right over the fair market value per share at the relevant grant date.

17. Contingencies

        Various claims, lawsuits and administrative proceedings are pending or threatened against the Company or its subsidiaries, covering a wide range of matters that arise in the ordinary course of the Company's business activities with respect to commercial, patent, product liability, environmental and occupational safety and health law matters. In addition, the Company and its subsidiaries are conducting a number of environmental investigations and remedial actions at current and former locations of certain of the Company's subsidiaries. Along with other companies, certain subsidiaries of the Company have been named potentially responsible parties for certain waste management sites. Each of these matters is subject to various uncertainties, and some of these matters may be resolved unfavorably with respect to the Company or the relevant subsidiary. A reserve estimate for each environmental matter is established using standard engineering cost estimating techniques on an undiscounted basis. In the determination of such costs, consideration is given to the professional judgment of Company environmental engineers, in consultation with outside environmental specialists, when necessary. At multi-party sites, the reserve estimate also reflects the expected allocation of total project costs among the various potentially responsible parties.

        As of September 26, 2014, the Company had reserves for environmental matters of $77 million. In addition, the Company has established a receivable for a portion of this environmental liability as a result of its right to indemnification for 50% of any environmental liabilities associated with the operation or ownership of the Company's automotive business existing at or prior to March 2003. The Company believes any liability, in excess of amounts accrued in its financial statements, that may result from the resolution of environmental matters for which sufficient information is available to support these cost estimates, will not have a material adverse effect on the Company's financial position, results of operations or cash flows.

26

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

17. Contingencies (Continued)

        The Company faces an inherent business risk of exposure to product liability, recall and warranty claims in the event that its products actually or allegedly fail to perform as expected or the use of its products results, or is alleged to result, in bodily injury and/or property damage. Accordingly, the Company could experience material warranty, recall or product liability losses in the future. For further information, including quantification of the Company's product warranty liability, see the description of "Warranties" in Note 3.

        While certain of the Company's subsidiaries have been subject in recent years to asbestos-related claims, management believes that such claims will not have a material adverse effect on the Company's financial statements. In general, these claims seek damages for illnesses alleged to have resulted from exposure to asbestos used in certain components sold in the past by the Company's subsidiaries. Management believes that the majority of the claimants were vehicle mechanics. The vast majority of these claims name as defendants numerous manufacturers and suppliers of a variety of products allegedly containing asbestos. Management believes that, to the extent any of the products sold by the Company's subsidiaries and at issue in these cases contained asbestos, the asbestos was encapsulated. Based upon several years of experience with such claims, management believes that only a small proportion of the claimants has or will ever develop any asbestos-related illness.

        Neither settlement costs in connection with asbestos claims nor annual legal fees to defend these claims have been material in the past. These claims are strongly disputed by the Company and it has been its policy to defend against them aggressively. Many of these cases have been dismissed without any payment whatsoever. Moreover, there is significant insurance coverage with solvent carriers with respect to these claims. However, while costs to defend and settle these claims in the past have not been material, there can be no assurances that this will remain so in the future.

        Management believes that the ultimate resolution of the foregoing contingencies will not have a material effect on the Company's financial statements as a whole.

Antitrust Matters

        Antitrust authorities, including those in the United States and Europe, are investigating possible violations of competition (antitrust) laws by automotive parts suppliers (referred to herein as the "Antitrust Investigations"). The U.S. Department of Justice ("DOJ") initiated an investigation into the Company's Occupant Safety Systems business in June 2011, which was concluded in 2012 when the court approved a plea agreement between one of the Company's German subsidiaries and the DOJ. Also in June 2011, the European Commission initiated an Antitrust Investigation which includes the Company, among others, and which is ongoing. While the duration and outcome of the European Commission's investigation is uncertain, a determination that the Company has violated European competition (antitrust) laws could result in significant penalties which could have a material adverse effect on its financial condition, results of operations and cash flows, as well as its reputation. While the Company cannot estimate the ultimate financial impact resulting from the European investigation, it will continue to evaluate developments in this matter on a regular basis and will record an accrual as and when appropriate.

        The Company's policy is to comply with all laws and regulations, including all antitrust and competition laws. The Company is cooperating fully with the competition authorities in the context of their ongoing investigations.

27

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

17. Contingencies (Continued)

        The Company has settled, for an amount that is immaterial to the Company, certain purported class action lawsuits filed on behalf of vehicle purchasers, lessors and dealers, alleging that the Company and certain of its competitors conspired to fix and raise prices for Occupant Safety Systems products. These lawsuits were filed on various dates from June 2012 through July 2013 and were consolidated in the United States District Court for the Eastern District of Michigan. Once the court approves the settlements, those cases will be dismissed. The Company has also settled, for an amount that is immaterial to the Company, similar cases filed in various courts in Canada on behalf of vehicle purchasers, lessors, dealers and direct purchasers. Class action lawsuits filed against the Company on various dates from June 2012 through May 2014 in the United States District Court for the Eastern District of Michigan on behalf of direct purchasers remain pending, which the Company intends to vigorously defend. Management believes that the ultimate resolution of those cases will not have a material adverse effect on the Company's financial condition, results of operations or cash flows.

Transaction Litigation

        Following the announcement of the execution of the Merger Agreement on September 15, 2014, seven purported stockholders of the Company initiated legal actions challenging the merger. On September 19, 2014, purported stockholder New Jersey Laborers Pension Fund filed a putative class action complaint in the Oakland County Circuit Court in the State of Michigan against the Company, ZF, ZNA, Merger Sub, and the members of the Company's board of directors (the "Company Board"), in an action styled New Jersey Laborers Pension Fund vs. TRW Automotive Holdings Corp., et al., No. 2014-143032-CB. On September 26, 2014, purported stockholder Joseph Bidwell filed a putative class action complaint in the Wayne County Circuit Court in the State of Michigan against the Company, ZF, ZNA, Merger Sub, and the members of the Company Board, in an action styled Bidwell vs. TRW Automotive Holdings Corp., et al., No. 14-012463-CB. On October 3, 2014, purported stockholder Daniel Fumia filed a putative class action complaint in Wayne County Circuit Court in the State of Michigan against the Company, ZF, ZNA, Merger Sub, and the members of the Company Board, in an action styled Daniel Fumia v. James F. Albaugh, Francois J. Castaing, Robert L. Friedman, Michael R. Gambrell, J. Michael Losh, David W. Meline, Jody G. Miller, MSNA, Inc., John C. Plant, Neil P. Simpkins, David S. Taylor, TRW Automotive Holdings Corp., ZF Friedrichshafen AG, ZF North America, Inc., No. 14-012818-CB. On October 6, 2014, purported stockholder Alan Abramson filed a putative class action complaint in the Court of Chancery of the State of Delaware against the Company, the members of the Company Board, ZF and Merger Sub, in an action styled Abramson vs. TRW Automotive Holdings Corp., et al., No. 10203-VCL. On October 15, 2014, purported stockholder Zhao Nie filed a putative class action complaint in the Court of Chancery of the State of Delaware against the Company, ZF, ZNA, Merger Sub and the Company Board in an action styled Nie vs. TRW Automotive Holdings Corp., et al., No. 10236-VCL. On October 21, 2014, purported stockholder Luther Berry and purported stockholder I.U.O.E. Local 132 Health and Welfare Fund each filed a putative class action complaint in the Court of Chancery of the State of Delaware against the Company, the members of the Company Board, ZF and Merger Sub, in actions styled Berry vs. TRW Automotive Holdings Corp., et al., No. 10264-VCL and I.U.O.E. Local 132 Health and Welfare Fund vs. TRW Automotive Holdings Corp., et al., No. 10265-VCL, respectively. The complaints include claims for breach of fiduciary duty against the individual directors, alleging that the directors violated the duties of loyalty, good faith and due care owed to the Company's stockholders. The complaints also include claims for aiding and abetting breaches of fiduciary duty. The plaintiffs seek, among other forms of

28

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

17. Contingencies (Continued)

relief, an order enjoining the transaction, rescinding the Merger Agreement to the extent it has already been implemented, and awarding attorneys' fees and costs.

        Although it is not possible to predict the outcome of these litigation matters with certainty, the Company and the Company Board believe that the claims raised in these complaints are without merit and intend to defend their position in these matters vigorously. The lawsuits are in their early stages. Management believes that the ultimate resolution of the foregoing legal actions will not have a material effect on the Company's financial statements as a whole.

29

TRW Automotive Holdings Corp.

Notes to Unaudited Condensed Consolidated Financial Statements (Continued)

18. Segment Information

        The following tables present certain financial information by segment:

	Three Months Ended						Nine Months Ended
	September 26, 2014			September 27, 2013			September 26, 2014			September 27, 2013
	(Dollars in millions)
Sales to external customers:
Chassis Systems	$	2,684		$	2,802		$	8,509		$	8,512
Occupant Safety Systems		787			785			2,557			2,485
Electronics		233			172			693			518
Automotive Components		452			453			1,432			1,424
Total sales to external customers	$	4,156		$	4,212		$	13,191		$	12,939
Intersegment sales:
Chassis Systems	$	5		$	4		$	12		$	12
Occupant Safety Systems		37			32			112			98
Electronics		168			134			461			406
Automotive Components		18			18			56			55
Total intersegment sales	$	228		$	188		$	641		$	571
Total segment sales:
Chassis Systems	$	2,689		$	2,806		$	8,521		$	8,524
Occupant Safety Systems		824			817			2,669			2,583
Electronics		401			306			1,154			924
Automotive Components		470			471			1,488			1,479
Total segment sales	$	4,384		$	4,400		$	13,832		$	13,510
Earnings before taxes:
Chassis Systems	$	213		$	188		$	648		$	600
Occupant Safety Systems		62			63			216			175
Electronics		34			28			106			86
Automotive Components		32			31			114			119
Segment earnings before taxes		341			310			1,084			980
Corporate expense and other		(47	)		(18	)		(99	)		(50	)
Financing costs		(25	)		(33	)		(82	)		(97	)
Loss on retirement of debt—net		—			—			—			(5	)
Net earnings attributable to noncontrolling interest, net of tax		9			9			29			32
Earnings before income taxes	$	278		$	268		$	932		$	860

        See Note 13 for a summary of restructuring charges and asset impairments by segment.

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Item 2.    Management's Discussion and Analysis of Financial Condition and Results of Operations

        The following should be read in conjunction with our Annual Report on Form 10-K for the fiscal year ended December 31, 2013, filed with the U.S. Securities and Exchange Commission on February 14, 2014 (our "2013 Annual Report") and the other information included herein. Our discussion of trends and conditions supplements and updates such discussion included in our 2013 Annual Report. References in this quarterly report on Form 10-Q (this "Report") to "we," "our," or the "Company" refer to TRW Automotive Holdings Corp., together with its subsidiaries.

EXECUTIVE OVERVIEW

Our Business

        We are among the world's largest and most diversified suppliers of automotive systems, modules and components to global automotive original equipment manufacturers, or OEMs, and related aftermarkets. Our operations primarily encompass the design, manufacture and sale of active and passive safety related products and systems, which often includes the integration of electronics components and systems. We operate our business along four segments: Chassis Systems, Occupant Safety Systems, Electronics and Automotive Components.

        We are primarily a "Tier 1" supplier, with approximately 83% of our end-customer sales in 2013 made to major OEMs. Of our 2013 sales, approximately 41% were in Europe, 36% were in North America, 19% were in Asia, and 4% were in the rest of the world.

Merger Agreement

        On September 15, 2014, we entered into an Agreement and Plan of Merger (the "Merger Agreement") with ZF Friedrichshafen AG, a stock corporation organized and existing under the laws of the Federal Republic of Germany ("ZF"), and MSNA, Inc., a Delaware corporation ("Merger Sub") and a wholly owned subsidiary of ZF held directly by ZF North America, Inc. ("ZNA"), pursuant to which Merger Sub will be merged with and into the Company (the "ZF Merger") with the Company surviving the ZF Merger as an indirect wholly owned subsidiary of ZF. Our Board of Directors unanimously approved the Merger Agreement and resolved to recommend that our stockholders vote to adopt the Merger Agreement.

        At the effective time of the ZF Merger, each share of our common stock issued and outstanding (other than any shares of our common stock held by ZF, ZNA, Merger Sub or any other wholly owned subsidiary of ZF, treasury shares held by us and shares owned by stockholders who have properly made and not withdrawn a demand for appraisal rights under Delaware law) will be converted into the right to receive $105.60 in cash, without interest (the "Merger Consideration"). In addition, at the effective time of the ZF Merger, (i) all then-outstanding Company stock options, restricted stock units, phantom stock units and performance share units (which will vest at the "maximum level" of performance), whether vested or unvested, will be converted into the right to receive the Merger Consideration, less the exercise price of such awards, if any, and (ii) all then-outstanding Company stock appreciation rights, whether vested or unvested, will be converted into the right to receive an amount in cash equal to the excess of the lesser of the Merger Consideration and the "maximum value" of such stock appreciation right over the fair market value per share at the relevant grant date. The consummation of the ZF Merger is subject to customary closing conditions, including approval by our stockholders as well as the receipt of antitrust and other regulatory approvals in the United States and certain other jurisdictions and other customary closing conditions. The transaction is expected to close in the first half of 2015. If completed, the ZF Merger will result in the Company becoming a wholly owned subsidiary of ZF and our shares will no longer be listed on any public market.

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        Additional information about the ZF Merger and the Merger Agreement, including circumstances under which the Merger Agreement can be terminated and the ramifications of such termination, as well as other terms and conditions, is set forth in our Current Report on Form 8-K filed with the Securities and Exchange Commission ("SEC") on September 15, 2014 and in our definitive proxy statement filed with the SEC on October 20, 2014 with respect to the related special meeting of stockholders.

Engine Valve Divestiture

        On September 10, 2014, the Company announced it entered into a definitive agreement to divest its engine valve business for a purchase price of $385 million in cash which is subject to adjustment in accordance with the agreement as of the closing date. The planned divestiture, with annual sales of approximately $610 million, is expected to close in the first quarter of 2015 subject to customary conditions, including regulatory, regional supervisory board and local works council approvals.

Financial Results

        For the three months ended September 26, 2014:

•

Our net sales were $4.2 billion, which represents a decrease of 1% compared to the prior year period. The increased demand for our active and passive safety products and growth in vehicle production in North America and China were offset by the impact of lower sales of $192 million as a result of exiting certain of our brake component and modules businesses in North America.

•

Operating income of $291 million was comparable to $289 million in the prior year period. The positive impacts of a favorable mix of higher margin products and foreign currency exchange were partially offset by merger and transaction fees, an increase in restructuring costs, and planned cost increases to support future growth.

•

Net earnings attributable to TRW were $189 million compared to $197 million in the prior year period due to higher income tax expense, partially offset by reduced interest expense.

        For the nine months ended September 26, 2014:

•

Our net sales were $13.2 billion, which represents an increase of over 2% compared to the prior year period. The higher level of sales was driven by increased demand for our active and passive safety products, growth in vehicle production in our major markets and the positive effects of foreign currency exchange, which more than offset the impact of lower sales of $570 million related to exiting certain of our brake component and modules businesses in North America.

•

Operating income was $982 million compared to $927 million in the prior year period. The increase in operating income of $55 million resulted primarily from the positive profit impact of the higher level of sales and lower restructuring charges, partially offset by merger and transaction fees and planned cost increases to support future growth.

•

Net earnings attributable to TRW were $653 million compared to $607 million in the prior year period. This increase of $46 million was primarily the result of an increase in operating income and reduced interest expense, partially offset by higher income tax expense.

Recent Trends and Conditions

        Our business and operating results are directly affected by the relative strength of the global automotive industry, which tends to be driven by macroeconomic factors such as gross domestic product growth, consumer confidence, fluctuating commodity, currency and fuel prices and

32

regulatory/governmental initiatives. The primary trends and market conditions impacting our business in 2014 include:

General Economic Conditions:

        The global automotive industry remains susceptible to uncertain economic conditions that could adversely impact consumer demand for vehicles. While the U.S. economy has recovered from a slow start earlier in the year, global economic sentiment remains cautious given continued geopolitical uncertainty, increased concern that the fragile recovery in Europe is weakening, and continued volatility within the emerging markets, including the slowing pace of economic growth in China.

        During the first nine months of 2014, while vehicle production levels in our major markets increased, expectations were tempered by geopolitical tension and concerns over economic growth. In North America, with the economy showing signs of sustained growth, consumer demand appears to support the current level of vehicle production. In Europe, stimulus measures intended to lessen the risk of deflation and spur economic growth are continuing. In China, while stimulus programs were implemented to stabilize the economy and avert a sharper slowdown, the automotive industry continues to expand with automotive suppliers benefiting from increased production levels.

        In light of increased attention by U.S. regulators, the industry's sensitivity to product performance may be heightened as evidenced by a higher level of product recalls during the first nine months of 2014. Despite this activity, consumer confidence and demand has not been harmed and production levels remain unaffected.

Production Levels:

        Vehicle production levels in North America, Europe and China during the first nine months of 2014 continued on a positive trend.

        Approximately 41% of our sales originated in Europe during 2013. This region experienced higher production levels in the first nine months of 2014 compared to 2013, primarily due to increased European consumer demand primarily resulting from the release of pent-up demand for vehicles. We are cautiously optimistic that consumer demand levels will remain steady, however, we will continue to monitor the geopolitical concerns, primarily in Russia, that could impact this region.

        Approximately 36% of our sales originated in North America during 2013. Production levels in this region increased in the first nine months of 2014 compared to 2013. The Detroit Three (defined as Chrysler Group LLC—a subsidiary of Fiat Chrysler Automobiles N.V., Ford Motor Company, and General Motors Company, combined) modestly lagged production growth for the overall region in the first nine months of 2014. During the third quarter, the gap in production growth between the Detroit Three and the overall region widened due to significant model changeovers. We expect this trend to continue for the remainder of 2014. In general, our financial results in North America are more closely correlated to the production by the Detroit Three given our higher sales content to these manufacturers compared to other manufacturers.

        Approximately 23% of our sales originated in regions outside of Europe and North America (primarily China, which comprised approximately 16% of total sales) during 2013. In China, production levels were higher in the first nine months of 2014 compared to 2013 due to increased consumer demand. We expect growth in production levels for the remainder of 2014 in China. In Brazil, production levels were down 17% compared to the prior year period due to economic volatility in the country. While this market represented 4% of our 2013 sales, we are continuing to monitor the market given the challenging conditions experienced.

33

Changes to Our Debt and Capital Structure

        During the first nine months of 2014, we continued to focus on improving the strength, flexibility, and cost efficiency of our capital structure, resulting in outstanding debt of $1.7 billion and a cash balance of $815 million at September 26, 2014. On March 15, 2014, our 6.375% Senior Notes and 7.00% Senior Notes matured and we repaid the outstanding principal amount totaling $469 million.

        As market conditions warrant, we may, from time to time, repurchase debt, including exchangeable debt securities, securities issued by the Company or its subsidiaries, in privately negotiated or open market transactions, by tender offer, exchange offer, or by other means, or we may optionally redeem such debt securities.

        In connection with our publicly announced share repurchase programs, during the nine months ended September 26, 2014, we utilized $400 million of cash on hand and in the first quarter of 2014 initially received approximately 3.9 million shares of common stock under an accelerated share repurchase ("ASR") program. Upon settlement in the third quarter of 2014, the Company received 0.7 million additional shares.

        See "LIQUIDITY AND CAPITAL RESOURCES" below, Part II, Item 2 (c), "Issuer repurchases of equity securities," of this Report and Note 12 to the unaudited condensed consolidated financial statements included in Part I, Item 1 of this Report for further information.

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RESULTS OF OPERATIONS

        The following unaudited consolidated statements of earnings compare the results of operations for the periods presented as follows:

Total Company Results of Operations

Consolidated Statements of Earnings
(Unaudited)

	Three Months Ended
	September 26, 2014			September 27, 2013			Variance
	(Dollars in millions)
Sales	$	4,156		$	4,212		$	(56	)
Cost of sales		3,681			3,762			(81	)
Gross profit		475			450			25
Administrative and selling expenses		174			151			23
Restructuring charges and asset impairments		10			5			5
Transaction costs		13			—			13
Other (income) expense—net		(13	)		5			(18	)
Operating income		291			289			2
Interest expense—net		25			33			(8	)
Equity in earnings of affiliates, net of tax		(12	)		(12	)		—
Earnings before income taxes		278			268			10
Income tax expense		80			62			18
Net earnings		198			206			(8	)
Less: Net earnings attributable to noncontrolling interest, net of tax		9			9			—
Net earnings attributable to TRW	$	189		$	197		$	(8	)

Sales

        Changes in both vehicle production levels and our sales, by major geographic region, compared to the prior year quarter are presented below:

	Variance
	Vehicle Production(a)			TRW Sales
North America		8	%		(6	)%
Europe		(1	)%		2	%
Rest of World		3	%		—	%

(a)

Source: Primarily IHS Automotive light vehicle production forecast.

35

Cost of Sales

        Changes in the major components within our cost of sales are presented below:

	(Dollars in millions)
Cost of sales, three months ended September 27, 2013	$	3,762
Material		(86	)
Labor and other		(7	)
Depreciation and amortization		12
Cost of sales, three months ended September 26, 2014	$	3,681

Comparison of the Three Months Ended September 26, 2014 to the Three Months Ended September 27, 2013

Sales decreased by $56 million, or 1%, for the three months ended September 26, 2014 compared to the three months ended September 27, 2013. The decrease in sales was driven by lower sales of $192 million as a result of exiting certain of our brake component and modules businesses in North America during the first quarter of 2014, partially offset by higher production volume, primarily in North America and China, and increased demand for our active and passive safety products, together totaling $128 million, and the favorable impact of foreign currency exchange of $8 million.

        For the three months ended September 26, 2014, the change in TRW sales in North America was less than the increase in vehicle production primarily due to exiting certain of our brake component and modules businesses in North America during the first quarter of 2014. Excluding the impact of exiting these businesses, sales increased 7% in North America, which was in line with the vehicle production increase in the region. In Europe, excluding the impact of foreign currency exchange, sales increased 1%, which was higher than the slight vehicle production decrease in the region, due to a favorable concentration of customers and increased demand for our safety products. In the Rest of World, excluding the impact of foreign currency exchange, sales increased 1%, which was below the industry production increase of 3%, due to the mix of platforms and products sold.

Cost of sales decreased by $81 million, or 2%, for the three months ended September 26, 2014 compared to the three months ended September 27, 2013. The decrease was driven primarily by lower cost of sales of $172 million as a result of exiting certain of our brake component and modules businesses in North America, partially offset by additional costs associated with increased volume (net of cost reductions) of $83 million, as well as the unfavorable impact of foreign currency exchange of $8 million.

Gross profit, as a percentage of sales, for the three months ended September 26, 2014 was 11.4% compared to 10.7% for the three months ended September 27, 2013. This margin improvement was primarily driven by the favorable profit impact of additional volume, an increased proportion of higher margin business, as well as the timing of cost reduction benefits.

        Gross profit increased by $25 million for the three months ended September 26, 2014 compared to the three months ended September 27, 2013. The increase was primarily driven by the favorable impact of higher volume (net of a higher proportion of lower margin business) of $38 million and increased cost reductions in excess of non-commodity inflation, engineering, salary and other costs of $7 million, partially offset by a reduction in profit of $20 million as a result of exiting certain of our brake component and modules businesses in North America.

Administrative and selling expenses, as a percentage of sales, were 4.2% for the three months ended September 26, 2014 compared to 3.6% for the three months ended September 27, 2013. The increase of $23 million was driven by higher salary and other compensation costs of $18 million, and increased

36

non-commodity inflation and other expenses of $7 million, partially offset by the favorable impact of foreign currency exchange of $2 million.

Restructuring charges and asset impairments were $10 million for the three months ended September 26, 2014 compared to $5 million for the three months ended September 27, 2013. This increase was driven by higher severance and other charges of $8 million offset by lower asset impairments of $3 million.

Transaction costs were $13 million for the three months ended September 26, 2014. These costs primarily consisted of financial advisory and legal fees related to the ZF Merger and the engine valve divestiture.

Other (income) expense—net increased by $18 million for the three months ended September 26, 2014 compared to the three months ended September 27, 2013. This increase in income was primarily driven by the change in impact of foreign currency exchange between periods of approximately $17 million.

Interest expense—net decreased by $8 million for the three months ended September 26, 2014 compared to the three months ended September 27, 2013. The decrease was primarily a result of both lower average debt levels and lower average borrowing rates of our senior notes, both reflecting the maturity in the first quarter 2014 of our 6.375% and 7.25% Senior Notes.

Income tax expense for the three months ended September 26, 2014 was $80 million on pre-tax earnings of $278 million compared to an income tax expense of $62 million on pre-tax earnings of $268 million for the three months ended September 27, 2013. Income tax expense for the 2013 period includes a tax benefit of $18 million related to the enactment of tax legislation and reduction in corporate income tax rates in the United Kingdom.

37

Consolidated Statements of Earnings
(Unaudited)

	Nine Months Ended
	September 26, 2014			September 27, 2013			Variance
	(Dollars in millions)
Sales	$	13,191		$	12,939		$	252
Cost of sales		11,649			11,531			118
Gross profit		1,542			1,408			134
Administrative and selling expenses		509			439			70
Restructuring charges and asset impairments		36			43			(7	)
Transaction costs		13			—			13
Other expense (income)—net		2			(1	)		3
Operating income		982			927			55
Interest expense—net		82			97			(15	)
Loss on retirement of debt—net		—			5			(5	)
Equity in earnings of affiliates, net of tax		(32	)		(35	)		3
Earnings before income taxes		932			860			72
Income tax expense		250			221			29
Net earnings		682			639			43
Less: Net earnings attributable to noncontrolling interest, net of tax		29			32			(3	)
Net earnings attributable to TRW	$	653		$	607		$	46

Sales

        Changes in both vehicle production levels and our sales, by major geographic region, compared to the prior year period are presented below:

	Variance
	Vehicle Production(a)			TRW Sales
North America		5	%		(5	)%
Europe		4	%		6	%
Rest of World		4	%		5	%

(a)

Source: Primarily IHS Automotive light vehicle production forecast.

Cost of Sales

        Changes in the major components within our cost of sales are presented below:

	(Dollars in millions)
Cost of sales, nine months ended September 27, 2013	$	11,531
Material		42
Labor and other		51
Depreciation and amortization		25
Cost of sales, nine months ended September 26, 2014	$	11,649

38

Comparison of the Nine Months Ended September 26, 2014 to the Nine Months Ended September 27, 2013

Sales increased by $252 million, or 2%, for the nine months ended September 26, 2014 compared to the nine months ended September 27, 2013. The increase in sales was driven by higher production volume, primarily in North America, Europe and China, and increased demand for our active and passive safety products, together totaling $694 million, and the favorable impact of foreign currency exchange of $128 million, partially offset by lower sales of $570 million as a result of exiting certain of our brake component and modules businesses in North America during the first quarter of 2014.

        For the nine months ended September 26, 2014, the change in TRW sales in North America was less than the increase in vehicle production primarily due to exiting certain of our brake component and modules businesses in North America during the first quarter of 2014. Excluding the impact of exiting these businesses, sales increased 9% in North America, which was more than the 5% vehicle production increase in the region, due to a favorable concentration of customers and increased demand for our safety products. In Europe, sales were positively impacted by foreign currency exchange. Excluding the impact of foreign currency exchange, sales increased 2% in Europe, which was less than the 4% vehicle production increase in the region due to the mix of platforms and products sold. In the Rest of World, excluding the impact of foreign currency exchange, sales increased 7%, which was higher than the industry production increase of 4% due to a favorable concentration of customers and increased demand for our safety products.

Cost of sales increased by $118 million, or 1%, for the nine months ended September 26, 2014 compared to the nine months ended September 27, 2013. The increase was driven primarily by additional costs associated with increased volume (net of cost reductions) of $503 million, as well as the unfavorable impact of foreign currency exchange of $118 million, partially offset by lower cost of sales of $503 million as a result of exiting certain of our brake component and modules businesses in North America.

Gross profit, as a percentage of sales, for the nine months ended September 26, 2014 was 11.7% compared to 10.9% for the nine months ended September 27, 2013. This margin improvement was primarily driven by the favorable profit impact of additional volume, an increased proportion of higher margin business, as well as the timing of cost reduction benefits.

        Gross profit increased by $134 million for the nine months ended September 26, 2014 compared to the nine months ended September 27, 2013. The increase was primarily driven by the favorable impact of higher volume (net of a higher proportion of lower margin business) of $186 million, the favorable impact of foreign currency exchange of $10 million, and increased cost reductions in excess of non-commodity inflation, engineering, salary and other costs of $5 million, partially offset by the reduction in profit of $67 million as a result of exiting certain of our brake component and modules businesses in North America.

Administrative and selling expenses, as a percentage of sales, were 3.9% for the nine months ended September 26, 2014 compared to 3.4% for the nine months ended September 27, 2013. The increase of $70 million was driven by higher salary, benefit plan, and other compensation costs of $45 million, increased non-commodity inflation and other expenses of $22 million, and the unfavorable impact of foreign currency exchange of $3 million.

Restructuring charges and asset impairments were $36 million for the nine months ended September 26, 2014 compared to $43 million for the nine months ended September 27, 2013. This decrease was driven by lower severance and other charges of $16 million, partially offset by higher asset impairments of $9 million.

Transaction costs were $13 million for the nine months ended September 26, 2014. These costs primarily consisted of financial advisory and legal fees related to the ZF Merger and the engine valve divestiture.

39

Other expense (income)—net decreased by $3 million for the nine months ended September 26, 2014 compared to the nine months ended September 27, 2013. This increase in expense was primarily driven by $12 million related to certain legal matters, partially offset by a favorable impact of foreign currency exchange of $10 million.

Interest expense—net decreased by $15 million for the nine months ended September 26, 2014 compared to the nine months ended September 27, 2013. The decrease was primarily a result of both lower average debt levels and lower average borrowing rates of our senior notes, both reflecting the maturity in the first quarter 2014 of our 6.375% and 7.25% Senior Notes, partially offset by increased other debt levels.

Loss on retirement of debt—net was $5 million for the nine months ended September 27, 2013. During the nine months ended September 27, 2013, we repurchased portions of our senior unsecured notes due in 2014 and 2017 totaling $91 million in principal amount and recorded a loss on retirement of debt of $5 million.

Income tax expense for the nine months ended September 26, 2014 was $250 million on pre-tax earnings of $932 million compared to an income tax expense of $221 million on pre-tax earnings of $860 million for the nine months ended September 27, 2013. Income tax expense for the 2013 period includes a tax benefit of $18 million related to the enactment of tax legislation and reduction in corporate income tax rates in the United Kingdom and a tax benefit of $12 million related to the enactment of the American Taxpayer Relief Act of 2012.

SEGMENT RESULTS OF OPERATIONS

Comparison of the Three Months Ended September 26, 2014 to the Three Months Ended September 27, 2013

Sales, Including Intersegment Sales

	Three Months Ended									Variance Drivers:
	September 26, 2014			September 27, 2013			Variance			​Volume			​Foreign Currency			​Other
		(Dollars in millions)
Chassis Systems	$	2,689		$	2,806		$	(117	)	$	77		$	(2	)	$	(192	)
Occupant Safety Systems		824			817			7			23			4			(20	)
Electronics		401			306			95			93			2			—
Automotive Components		470			471			(1	)		(4	)		3			—
Segment Sales		4,384			4,400			(16	)		189			7			(212	)
Intersegment eliminations		(228	)		(188	)		(40	)
Total sales	$	4,156		$	4,212		$	(56	)

•

The following items are included in Other above:

•

The unfavorable impact of lower sales of $192 million in Chassis Systems as a result of exiting certain of our brake component and modules businesses in North America during the first quarter of 2014.

•

The unfavorable impact of price reductions provided to customers of $20 million in Occupant Safety Systems.

40

Cost of Sales

	Three Months Ended									Variance Components:						Variance Drivers:
	September 26, 2014			September 27, 2013			Variance			Material Cost			Labor and Other Costs			​Volume and Inflation			​Foreign Currency			​Other
		(Dollars in millions)
Chassis Systems	$	2,407		$	2,539		$	(132	)	$	(114	)	$	(18	)	$	41		$	(1	)	$	(172	)
Occupant Safety Systems		745			740			5			1			4			4			1			—
Electronics		360			273			87			67			20			81			6			—
Automotive Components		419			424			(5	)		(3	)		(2	)		(7	)		2			—
Segment cost of sales before intersegment eliminations		3,931			3,976			(45	)		(49	)		4			119			8			(172	)
Intersegment eliminations		(228	)		(188	)		(40	)
Segment cost of sales	$	3,703		$	3,788		$	(85	)

•

The Volume and Inflation category above represents amounts net of cost reduction efforts.

•

The following items are included in Other above:

•

The reduction of $172 million in cost of sales in Chassis Systems as a result of exiting certain of our brake component and modules businesses in North America.

Earnings Before Taxes

	Three Months Ended									Variance Drivers:
	September 26, 2014			September 27, 2013			Variance			​Volume			​Foreign Currency			​Cost (Increases)/ Reductions			​Restructuring			​Other
		(Dollars in millions)
Chassis Systems	$	213		$	188		$	25		$	18		$	13		$	12		$	1		$	(19	)
Occupant Safety Systems		62			63			(1	)		5			4			14			(4	)		(20	)
Electronics		34			28			6			17			(3	)		(8	)		—			—
Automotive Components		32			31			1			(1	)		2			2			(2	)		—
Segment earnings before taxes		341			310			31			39			16			20			(5	)		(39	)
Corporate expense and other		(47	)		(18	)		(29	)
Financing costs		(25	)		(33	)		8
Net earnings attributable to noncontrolling interest, net of tax		9			9			—
Earnings before income taxes	$	278		$	268		$	10

•

The Volume category above includes the net impact of an increased proportion of higher margin business in our Chassis Systems segment and a higher proportion of lower margin business in our Electronics segment, reflecting the introduction of new products at initial lower margins.

•

The favorable impact of foreign currency exchange in our Chassis Systems segment primarily relates to the euro.

41

•

The Cost (Increases)/Reductions category above represents cost savings in excess of growth costs, such as salary and engineering costs, as well as non-commodity inflation and other costs.

•

The following items are included in Other above:

•

The reduction in profit of $19 million in our Chassis Systems segment as a result of exiting certain of our brake component and modules businesses in North America.

•

The unfavorable impact of price reductions provided to customers of $20 million in Occupant Safety Systems.

•

Certain income and costs not associated with the current operations of our segments are recorded within Corporate. For example, we recognize transactions related to our closed pension plan in the U.K. within Corporate. This plan included hourly employees, substantially all of whom are not actively employed by the Company. Other items recognized within Corporate include costs associated with corporate staff and related expenses, financing costs and gains or losses on the retirement of debt, merger and transaction costs, and certain curtailments of benefit plans.

Comparison of the Nine Months Ended September 26, 2014 to the Nine Months Ended September 27, 2013

Sales, Including Intersegment Sales

	Nine Months Ended									Variance Drivers:
	September 26, 2014			September 27, 2013			Variance			​Volume			​Foreign Currency		​Other
		(Dollars in millions)
Chassis Systems	$	8,521		$	8,524		$	(3	)	$	529		$	38	$	(570	)
Occupant Safety Systems		2,669			2,583			86			99			60		(73	)
Electronics		1,154			924			230			215			15		—
Automotive Components		1,488			1,479			9			(11	)		20		—
Segment Sales		13,832			13,510			322			832			133		(643	)
Intersegment eliminations		(641	)		(571	)		(70	)
Total sales	$	13,191		$	12,939		$	252

•

The favorable impact of foreign currency exchange primarily relates to the euro. In our Chassis Systems segment, this favorable impact was partially offset by the unfavorable impact of the Brazilian real.

•

The following items are included in Other above:

•

The unfavorable impact of lower sales of $570 million in Chassis Systems as a result of exiting certain of our brake component and modules businesses in North America during the first quarter of 2014.

•

The unfavorable impact of price reductions provided to customers of $73 million in Occupant Safety Systems.

42

Cost of Sales

	Nine Months Ended									Variance Components:					Variance Drivers:
	September 26, 2014			September 27, 2013			Variance			Material Cost			Labor and Other Costs		​Volume and Inflation			​Foreign Currency		​Other
		(Dollars in millions)
Chassis Systems	$	7,624		$	7,701		$	(77	)	$	(77	)	$	—	$	380		$	46	$	(503	)
Occupant Safety Systems		2,399			2,339			60			35			25		16			44		—
Electronics		1,029			827			202			160			42		182			20		—
Automotive Components		1,315			1,317			(2	)		(9	)		7		(19	)		17		—
Segment cost of sales before intersegment eliminations		12,367			12,184			183			109			74		559			127		(503	)
Intersegment eliminations		(641	)		(571	)		(70	)
Segment cost of sales	$	11,726		$	11,613		$	113

•

The Volume and Inflation category above represents amounts net of cost reduction efforts.

•

The increase in cost of sales related to foreign currency exchange primarily relates to the euro.

•

The following items are included in Other above:

•

The reduction of $503 million in cost of sales in Chassis Systems as a result of exiting certain of our brake component and modules businesses in North America.

Earnings Before Taxes

	Nine Months Ended									Variance Drivers:
	September 26, 2014			September 27, 2013			Variance			​Volume			​Foreign Currency			​Cost (Increases)/ Reductions			​Restructuring			​Other
		(Dollars in millions)
Chassis Systems	$	648		$	600		$	48		$	115		$	(2	)	$	3		$	(4	)	$	(64	)
Occupant Safety Systems		216			175			41			33			18			42			21			(73	)
Electronics		106			86			20			39			(5	)		(14	)		—			—
Automotive Components		114			119			(5	)		(2	)		3			4			(10	)		—
Segment earnings before taxes		1,084			980			104			185			14			35			7			(137	)
Corporate expense and other		(99	)		(50	)		(49	)
Financing costs		(82	)		(97	)		15
Loss on retirement of debt—net		—			(5	)		5
Net earnings attributable to noncontrolling interest, net of tax		29			32			(3	)
Earnings before income taxes	$	932		$	860		$	72

•

The Volume category above includes the net impact of an increased proportion of higher margin business in our Chassis Systems segment and a higher proportion of lower margin business in

43

our Electronics and Automotive Components segments, reflecting the introduction of new products at initial lower margins.

•

The favorable impact of foreign currency exchange in our Occupant Safety Systems segment primarily relates to the euro.

•

The Cost (Increases)/Reductions category above represents cost savings in excess of growth costs, such as salary and engineering costs, as well as non-commodity inflation and other costs.

•

The following items are included in Other above:

•

The unfavorable impact of price reductions provided to customers of $73 million in Occupant Safety Systems.

•

The reduction in profit of $64 million in our Chassis Systems segment as a result of exiting certain of our brake component and modules businesses in North America.

LIQUIDITY AND CAPITAL RESOURCES

        On an annual basis, our primary source of liquidity is cash flows generated from operations. At various points during the course of a given year, we may be in an operating cash usage position, which is not unusual given the seasonality of our business. We also have available liquidity under our Revolving Credit Facility and other credit facilities, subject to certain conditions. We continuously monitor our working capital position and associated cash requirements and explore opportunities to more effectively manage our inventory and capital spending. Working capital is highly influenced by the timing of cash flows associated with sales and purchases, and therefore can be difficult to manage at times. Although we have historically been successful in managing the timing of our cash flows, future success will depend on the financial position of our customers and suppliers, and on industry conditions.

        We believe that funds generated from operations, cash on hand and available borrowing capacity will be adequate to fund our liquidity requirements. These requirements, which are significant, generally consist of working capital requirements, company-sponsored research and development programs, capital expenditures, contributions for pensions and postretirement benefits other than pensions, and debt service requirements. In addition, we have been using available funds to reduce debt and to repurchase shares of our common stock under our board approved share repurchase programs. Our current financing plans are intended to provide flexibility in worldwide financing activities and permit us to respond to changing conditions in credit markets. However, our ability to continue to fund these items may be affected by general economic, industry specific, financial market, competitive, legislative and regulatory factors, including developments related to the ongoing Antitrust Investigations.

        As of September 26, 2014, the amount of cash and cash equivalents held by foreign subsidiaries was $703 million. If these funds were repatriated to the U.S., we would be required to provide for U.S. federal and state income tax, foreign income tax, and foreign withholding taxes. We have already provided for such taxes on a significant portion of this cash and cash equivalents that are not deemed to be permanently reinvested. However, for the entities that hold the remainder of such cash and cash equivalents, we have not provided for such taxes as it is our intention that those funds are permanently reinvested outside the U.S. and our current plans do not demonstrate a need to repatriate them to fund our U.S. operations.

Cash Flows

        Operating Activities.    Cash provided by operating activities for the nine months ended September 26, 2014 was $281 million compared to $240 million for the nine months ended

44

September 27, 2013. The increase of $41 million between the two periods was primarily the result of lower pension contributions of $31 million, lower working capital requirements of $31 million and higher cash earnings, partially offset by higher cash paid for taxes of $23 million, higher outflows for other liabilities primarily relating to customer pricing, warranty and recall matters of $16 million and higher outflows related to customer tooling of $8 million.

        Investing Activities.    Cash used in investing activities for capital expenditures for the nine months ended September 26, 2014 was $354 million compared to $411 million for the nine months ended September 27, 2013. These capital expenditures were primarily related to investing in new facilities, upgrading existing products, continuing new product launches, and infrastructure and equipment at our facilities to support our manufacturing and cost reduction efforts. We expect to spend between $700 and $730 million during 2014 on capital expenditures as we continue to invest in our strategic priorities and growth.

        For the nine months ended September 26, 2014, the Company made an initial equity contribution of $6 million in a newly formed joint venture in Mexico. The joint venture will eventually supply castings to our North American Braking operations through a long-term supply arrangement.

        Financing Activities.    Cash used in financing activities was $792 million for the nine months ended September 26, 2014, compared to $41 million for the nine months ended September 27, 2013. During the nine months ended September 26, 2014, we repaid the outstanding principal balance of $469 million upon maturity of our 6.375% Senior Notes and 7.00% Senior Notes. We also increased our short-term borrowings by $79 million. Additionally, we used $400 million of cash on hand and received approximately 4.5 million shares of our common stock under an accelerated share repurchase agreement. Also, during the nine months ended September 26, 2014, certain of our subsidiaries paid $3 million of dividends to noncontrolling stockholders.

Other Sources of Liquidity

        Our Eighth Amended and Restated Credit Agreement dated September 28, 2012 (the "Eighth Credit Agreement") provides for senior credit facilities consisting of (i) a revolving credit facility in the amount of $1.4 billion which matures in September 2017, subject to certain conditions (the "Revolving Credit Facility"), and (ii) additional availability which may be used in the future for one or more term loans or additional revolving facilities (together with the Revolving Credit Facility, the "Facilities"). As of September 26, 2014, we had no outstanding borrowings under our Revolving Credit Facility, resulting in $1.4 billion of availability. See "—Senior Credit Facilities" in Note 12 to the unaudited condensed consolidated financial statements included in Part I, Item 1 of this Report for a description of our Revolving Credit Facility.

        As of September 26, 2014, our subsidiaries in the United States, European region and Asia Pacific region also had various uncommitted credit facilities with individual banks, of which $525 million, $204 million and $180 million, respectively, was unutilized.

        We may draw down on and use proceeds from any of these credit facilities, including our Revolving Credit Facility, from month to month in conjunction with available cash on hand in order to fund normal working capital needs. As of September 26, 2014, we had short-term borrowings under uncommitted credit facilities totaling $232 million, while during the quarter we had up to $419 million, in aggregate, outstanding under these credit facilities.

        The Eighth Credit Agreement governs our Facilities and contains a number of covenants, including financial covenants, that would impact our ability to borrow on the facility if not met and restrictive covenants that restrict, among other things and subject to certain exceptions, the ability to incur additional indebtedness, repay or repurchase other indebtedness, repurchase capital stock and pay cash dividends on our common stock. As of September 26, 2014, we were in compliance with all of our

45

financial covenants. Such covenants are described in more detail in Note 11 to the consolidated financial statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2013.

Contractual Obligations and Commitments

        During the nine months ended September 26, 2014, there have been no material changes outside the ordinary course of our business to the contractual obligations previously disclosed in "—Contractual Obligations and Commitments" in Part II, Item 7 of our Annual Report on Form 10-K for the fiscal year ended December 31, 2013.

Off-Balance Sheet Arrangements

        We do not have material off-balance sheet arrangements. We do not have guarantees related to unconsolidated entities, which have, or are reasonably likely to have, a material current or future effect on our financial position, results of operations or cash flows.

CONTINGENCIES AND ENVIRONMENTAL MATTERS

Transaction Litigation

        Following the announcement of the execution of the Merger Agreement on September 15, 2014, seven purported stockholders of the Company initiated legal actions challenging the merger. On September 19, 2014, purported stockholder New Jersey Laborers Pension Fund filed a putative class action complaint in the Oakland County Circuit Court in the State of Michigan against the Company, ZF, ZNA, Merger Sub, and the members of our board of directors (the "Company Board"), in an action styled New Jersey Laborers Pension Fund vs. TRW Automotive Holdings Corp., et al., No. 2014-143032-CB. On September 26, 2014, purported stockholder Joseph Bidwell filed a putative class action complaint in the Wayne County Circuit Court in the State of Michigan against the Company, ZF, ZNA, Merger Sub, and the members of the Company Board, in an action styled Bidwell vs. TRW Automotive Holdings Corp., et al., No. 14-012463-CB. On October 3, 2014, purported stockholder Daniel Fumia filed a putative class action complaint in Wayne County Circuit Court in the State of Michigan against the Company, ZF, ZNA, Merger Sub, and the members of the Company Board, in an action styled Daniel Fumia v. James F. Albaugh, Francois J. Castaing, Robert L. Friedman, Michael R. Gambrell, J. Michael Losh, David W. Meline, Jody G. Miller, MSNA, Inc., John C. Plant, Neil P. Simpkins, David S. Taylor, TRW Automotive Holdings Corp., ZF Friedrichshafen AG, ZF North America, Inc., No. 14-012818-CB. On October 6, 2014, purported stockholder Alan Abramson filed a putative class action complaint in the Court of Chancery of the State of Delaware against the Company, the members of the Company Board, ZF and Merger Sub, in an action styled Abramson vs. TRW Automotive Holdings Corp., et al., No. 10203-VCL. On October 15, 2014, purported stockholder Zhao Nie filed a putative class action complaint in the Court of Chancery of the State of Delaware against the Company, ZF, ZNA, Merger Sub and the Company Board in an action styled Nie vs. TRW Automotive Holdings Corp., et al., No. 10236-VCL. On October 21, 2014, purported stockholder Luther Berry and purported stockholder I.U.O.E. Local 132 Health and Welfare Fund each filed a putative class action complaint in the Court of Chancery of the State of Delaware against the Company, the members of the Company Board, ZF and Merger Sub, in actions styled Berry vs. TRW Automotive Holdings Corp., et al., No. 10264-VCL and I.U.O.E. Local 132 Health and Welfare Fund vs. TRW Automotive Holdings Corp., et al., No. 10265-VCL, respectively. The complaints include claims for breach of fiduciary duty against the individual directors, alleging that the directors violated the duties of loyalty, good faith and due care owed to our stockholders. The complaints also include claims for aiding and abetting breaches of fiduciary duty. The plaintiffs seek, among other forms of relief, an order enjoining the transaction, rescinding the Merger Agreement to the extent it has already been implemented, and awarding attorneys' fees and costs.

46

        Although it is not possible to predict the outcome of these litigation matters with certainty, the Company and the Company Board believe that the claims raised in these complaints are without merit and intend to defend their position in these matters vigorously. The lawsuits are in their early stages.

Other Matters

        The information concerning the ongoing antitrust matters and other contingencies, including environmental contingencies and the amount currently held in reserve for environmental matters, contained in Note 17 to the unaudited condensed consolidated financial statements included in Part I, Item 1 of this Report is incorporated herein by reference.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

        There were no new accounting pronouncements adopted or issued during the nine months ended September 26, 2014 that have had or are expected to have a material impact on our financial statements.

CRITICAL ACCOUNTING ESTIMATES

        There have been no significant changes in our critical accounting estimates during the nine months ended September 26, 2014.

OUTLOOK

        We expect full year 2014 sales to be approximately $17.4 billion. This forecast is based on expected 2014 production levels of 17.0 million units in North America, 19.9 million units in Europe, continued expansion in vehicle production volumes in China, and our expectations for foreign currency exchange rates.

        In general, we expect global production levels to increase in 2014 compared to 2013. In North America, growth is expected to continue moderating as the industry approaches trend demand levels. Production levels for the Detroit Three are expected to lag behind the production levels for the region for the remainder of 2014 due to significant model changeovers. In general, our financial results in North America are more closely correlated to the production by the Detroit Three given our higher sales content to these manufacturers compared to other manufacturers. In Europe, production levels are expected to be relatively flat compared to 2013 for the remainder of the year, particularly given the potentially stagnating economic environment. Further, geopolitical tension may impact the economy and production levels in this region. Growth in China is expected to continue at a moderate pace in 2014. Considering the expected long-term growth within this region, we continue to invest appropriate levels of capital, engineering and infrastructure to underpin our expansion and position us to benefit from these growth opportunities.

        We continue to evaluate our global footprint to ensure that we are properly configured and sized based on changing market conditions and the production plans of our customers. We will continue to assess our cost base primarily in Europe, and in 2014, we intend to continue our restructuring efforts, including plant rationalizations, targeted workforce reductions and adjustments to certain of our fixed costs, to align our operations with the existing environment. As a result, we expect to incur restructuring charges of approximately $80 million in 2014, which estimate includes the proposed closure of a production facility in Italy during the fourth quarter of 2014. We believe these efforts are necessary actions in order to preserve our competitiveness and will provide lasting benefit over the long term.

        In addition, we regularly review our pension plans to ensure we are managing our obligations and costs appropriately and may undertake various actions to permanently abate such obligations. For

47

example, under current programs, we have offered voluntary lump sum payment options to certain of our current and former employees in the United States, and in the U.K. we have offered certain current and former employees the opportunity to transfer their pension values to other arrangements. Moreover, we continue to review the attractiveness of placing certain of our obligations with insurance annuity providers in the United States, Canada and the United Kingdom. These future voluntary lump sum payments, transfers and any potential insurer annuity placements are expected to be accounted for and paid in the fourth quarter of 2014, and will be funded predominantly with pension plan assets after Company contributions are made in line with previous projections, as well as possible additional contributions in the United States and the U.K. in amounts yet to be determined. While we expect to incur a settlement loss in conjunction with the payments, the amount cannot be determined at this time.

        While we expect net commodity inflation to be immaterial in 2014, we will continue to monitor commodity costs and work with our suppliers and customers to manage changes in such costs as required.

        The Antitrust Investigation by the European Commission is ongoing. While we cannot estimate the ultimate financial impact of the European investigation at this time, we will continue to evaluate developments in this matter on a regular basis and will record an accrual as and when appropriate.

        On September 10, 2014, we announced we entered into a definitive agreement to divest our engine valve business. The planned divestiture is expected to close in the first quarter of 2015 subject to customary conditions, including regulatory, regional supervisory board and local works council approvals.

        On September 15, 2014, we announced the Merger Agreement with ZF. The closing of the transaction is subject to certain conditions, including approval of our stockholders, receipt of antitrust and other regulatory approvals and other customary closing conditions. The transaction is expected to close in the first half of 2015. In the interim, we will continue to execute our existing business plan.

        Despite the various challenges that the automotive industry faces, we are confident that we will manage through them successfully. We believe that our growth prospects, strong balance sheet, ability to generate cash and our broad array of innovative products provide a firm foundation for continued profitability.

FORWARD-LOOKING STATEMENTS

        This Report includes "forward-looking statements," as that term is defined by the federal securities laws. Forward-looking statements include statements concerning regulatory approvals and the expected timing, completion and effects of the proposed ZF Merger and the proposed engine valve divestiture, our outlook for the future, as well as other statements concerning our beliefs, plans, intentions, objectives, goals, strategies, forecasts, future events, future revenue or performance, capital expenditures, financing needs, business trends and other information that is not historical information. When used in this Report, the words "estimates," "expects," "anticipates," "projects," "plans," "intends," "believes," "forecasts," and future or conditional verbs, such as "will," "should," "could" or "may," as well as variations of such words or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements are so designated. All forward-looking statements, including, without limitation, management's examination of historical operating trends and data, are based upon our current expectations and various assumptions, and apply only as of the date of this Report. Our expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that management's expectations, beliefs and projections will be achieved.

48

        There are a number of risks, uncertainties and other important factors that could cause our actual results to differ materially from those suggested by our forward-looking statements, including those set forth in the Company's Annual Report on Form 10-K for fiscal year ended December 31, 2013 under "Item 1A. Risk Factors," as supplemented by the information set forth in Part II of this Report under "Item 1A. Risk Factors," including: the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement could have a material adverse effect on us and our stock price; the inability to consummate the proposed ZF Merger or the inability to consummate the ZF Merger in the timeframe or manner currently anticipated, due to the failure to obtain stockholder approval or the failure to satisfy other conditions to completion of the proposed ZF Merger, including that a governmental entity may prohibit, delay or refuse to grant approval for the consummation of the ZF Merger, could have a material adverse effect on us and our stock price; risks related to disruption of management's attention from our ongoing business operations due to the proposed ZF Merger; the effect of the announcement of the proposed ZF Merger on the Company's relationships with its customers, suppliers, joint venture partners and others, as well as our operating results and business generally; risks relating to the engine valve divestiture could adversely affect us; economic conditions adversely affecting our business, results or the viability of our supply base; risks associated with non-U.S. operations, including economic and political uncertainty in some regions, adversely affecting our business, results or financial condition; the unsuccessful implementation of our current expansion efforts adversely impacting our business or results; any developments related to antitrust investigations adversely affecting our financial condition, results, cash flows or reputation; pricing pressures from our customers adversely affecting our profitability; global competition adversely affecting our sales, profitability or financial condition; any disruption in our information technology systems adversely impacting our business and operations; any shortage of supplies causing a production disruption for any customers or us; the loss of any of our largest customers or a significant amount of their business, or a significant decline in their production levels, adversely affecting us; strengthening of the U.S. dollar and other foreign currency exchange rate fluctuations impacting our results; our contingent liabilities and tax matters causing us to incur losses or costs; any inability to protect our intellectual property rights adversely affecting our business or our competitive position; commodity inflationary pressures adversely affecting our profitability or supply base; costs or adverse effects on our business, reputation or results from governmental regulations; work stoppages or other labor issues at our facilities or those of our customers or others in our supply chain adversely affecting our business, results or financial condition; any increase in the expense of our pension and other postretirement benefits or the funding requirements of our pension plans reducing our profitability; and other risks and uncertainties set forth in our Annual Report on Form 10-K, in "—Executive Overview" above, in Part II, "Item 1A. Risk Factors" below and in our other filings with the Securities and Exchange Commission.

        All forward-looking statements are expressly qualified in their entirety by such cautionary statements. We do not undertake any obligation to release publicly any update or revision to any of the forward-looking statements.

Item 3.    Quantitative and Qualitative Disclosures about Market Risk

        There have been no material changes to the quantitative and qualitative information about the Company's market risk from those previously disclosed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2013.

Item 4.    Controls and Procedures

        Evaluation of Disclosure Controls and Procedures.    Our Chief Executive Officer and Chief Financial Officer, based on their evaluation of the effectiveness of the Company's disclosure controls and procedures (as defined in Rule 13a - 15(e) under the Securities Exchange Act of 1934) as of

49

September 26, 2014, have concluded that the Company's disclosure controls and procedures are effective to ensure that information required to be disclosed by the Company in the reports that it files and submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the specified time periods and is accumulated and communicated to the Company's management as appropriate to allow timely decisions regarding required disclosure.

        Changes in Internal Control over Financial Reporting.    There was no change in the Company's internal controls over financial reporting that occurred during the third fiscal quarter of 2014 that has materially affected, or is reasonably likely to materially affect, the Company's internal control over financial reporting.

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PART II—OTHER INFORMATION

Item 1.    Legal Proceedings

Transaction Litigation

        Following the announcement of the execution of the Merger Agreement on September 15, 2014, seven purported stockholders of the Company initiated legal actions challenging the merger. On September 19, 2014, purported stockholder New Jersey Laborers Pension Fund filed a putative class action complaint in the Oakland County Circuit Court in the State of Michigan against the Company, ZF, ZNA, Merger Sub, and the members of the Company Board, in an action styled New Jersey Laborers Pension Fund vs. TRW Automotive Holdings Corp., et al., No. 2014-143032-CB. On September 26, 2014, purported stockholder Joseph Bidwell filed a putative class action complaint in the Wayne County Circuit Court in the State of Michigan against the Company, ZF, ZNA, Merger Sub, and the members of the Company Board, in an action styled Bidwell vs. TRW Automotive Holdings Corp., et al., No. 14-012463-CB. On October 3, 2014, purported stockholder Daniel Fumia filed a putative class action complaint in Wayne County Circuit Court in the State of Michigan against the Company, ZF, ZNA, Merger Sub, and the members of the Company Board, in an action styled Daniel Fumia v. James F. Albaugh, Francois J. Castaing, Robert L. Friedman, Michael R. Gambrell, J. Michael Losh, David W. Meline, Jody G. Miller, MSNA, Inc., John C. Plant, Neil P. Simpkins, David S. Taylor, TRW Automotive Holdings Corp., ZF Friedrichshafen AG, ZF North America, Inc., No. 14-012818-CB. On October 6, 2014, purported stockholder Alan Abramson filed a putative class action complaint in the Court of Chancery of the State of Delaware against the Company, the members of the Company Board, ZF and Merger Sub, in an action styled Abramson vs. TRW Automotive Holdings Corp., et al., No. 10203-VCL. On October 15, 2014, purported stockholder Zhao Nie filed a putative class action complaint in the Court of Chancery of the State of Delaware against the Company, ZF, ZNA, Merger Sub and the Company Board in an action styled Nie vs. TRW Automotive Holdings Corp., et. al., No. 10236-VCL. On October 21, 2014, purported stockholder Luther Berry and purported stockholder I.U.O.E. Local 132 Health and Welfare Fund each filed a putative class action complaint in the Court of Chancery of the State of Delaware against the Company, the members of the Company Board, ZF and Merger Sub, in actions styled Berry vs. TRW Automotive Holdings Corp., et al., No. 10264-VCL and I.U.O.E. Local 132 Health and Welfare Fund vs. TRW Automotive Holdings Corp., et al., No. 10265-VCL, respectively. The complaints include claims for breach of fiduciary duty against the individual directors, alleging that the directors violated the duties of loyalty, good faith and due care owed to our stockholders. The complaints also include claims for aiding and abetting breaches of fiduciary duty. The plaintiffs seek, among other forms of relief, an order enjoining the transaction, rescinding the Merger Agreement to the extent it has already been implemented, and awarding attorneys' fees and costs.

        Although it is not possible to predict the outcome of these litigation matters with certainty, the Company and the Company Board believe that the claims raised in these complaints are without merit and intend to defend their position in these matters vigorously. The lawsuits are in their early stages.

Other Matters

        The information concerning the ongoing antitrust matters and other legal proceedings involving the Company contained in Note 17 to the unaudited condensed consolidated financial statements included in Part I, Item 1 of this Report is incorporated herein by reference.

Item 1A.    Risk Factors

        As previously announced on September 15, 2014, the Company, ZF and Merger Sub entered into the Merger Agreement pursuant to which, subject to the satisfaction or waiver of certain conditions, Merger Sub will be merged with and into the Company, with the Company surviving the merger as a wholly owned subsidiary of ZF (the "ZF Merger"). As previously announced on September 10, 2014,

51

the Company entered into a definitive agreement to divest its engine valve business to Federal-Mogul Holdings Corporation (the "Engine Valve Divestiture"). There are a number of risks and uncertainties relating to the ZF Merger and the Engine Valve Divestiture. Because of these risks, we have supplemented the risk factors previously disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2013, to add the following risk factors:

         The occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement could have a material adverse affect on us and our stock price

        As described in the following risk factor, we could experience certain consequences related to the termination of the Merger Agreement and failure to consummate the ZF Merger. In addition, pursuant to the terms of the Merger Agreement, if the Merger Agreement is terminated under certain circumstances a termination fee of $450 million will be payable by us to ZF. Further, upon termination of the Merger Agreement as a result of the failure to obtain the approval of our stockholders, we have agreed to reimburse ZF up to $20 million in respect of its documented out-of-pocket transaction related expenses. There can be no assurance that approval of our stockholders will be obtained or that the Merger Agreement will not be otherwise terminated under the circumstances triggering these obligations. If triggered, payment of these fees and costs will negatively impact our results of operations, financial condition and cash flows and such impact will be over and above the consequences described below related to the failure to consummate the ZF Merger.

         The proposed ZF Merger may not be consummated or may not be consummated in the timeframe or manner currently anticipated, which could have a material adverse effect on us and our stock price

        The proposed ZF Merger is subject to various closing conditions such as the approval of our stockholders as discussed above, as well as antitrust and other regulatory approvals in the United States and certain other jurisdictions, among other customary closing conditions. It is possible that a government entity may prohibit, delay or refuse to grant approval for the consummation of the ZF Merger. If any condition to the closing of the ZF Merger is not satisfied or, if permissible, waived, the ZF Merger will not be completed. In addition, satisfying the conditions to the closing of the ZF Merger may take longer than we expect. There can be no assurance that any of the conditions to closing will be satisfied or waived or that other events will not intervene to delay or result in the failure to consummate the ZF Merger.

        Since the proposed ZF Merger was announced, the Company, members of our board of directors, ZF, Merger Sub and others have been named as defendants in one or more of the purported stockholder class actions filed in the Oakland County Circuit Court in the State of Michigan, the Wayne County Circuit Court in the State of Michigan and the Court of Chancery of the State of Delaware by purported stockholders of the Company challenging the proposed ZF Merger. The actions seek, among other forms of relief, an order enjoining the ZF Merger, rescinding the Merger Agreement to the extent it has already been implemented, and awarding attorneys' fees and costs. In addition, other lawsuits may be brought against us related to the proposed ZF Merger. If these actions or similar actions that may be brought are successful, the ZF Merger could be delayed or prevented. See Part II, Item 1 of this Report for further information on litigation relating to the ZF Merger.

        If the ZF Merger is not completed for any reason, the price of our common stock may decline to the extent that the current market price may reflect an assumption that the ZF Merger will be consummated at the per share merger consideration of $105.60 in cash specified in the Merger Agreement. Investor confidence could also decline. Further, we have expended, and continue to expend, significant management resources in an effort to complete the ZF Merger. We also are, and will become, obligated to pay certain professional fees and related expenses in connection with the negotiation of the Merger Agreement and performance thereunder, whether or not the ZF Merger is completed, and these expenses will impact our results of operations. If the ZF Merger is not completed

52

we will have incurred these costs, including the diversion of management resources, for which we will have received little or no benefit.

        Further, any delay in closing or a failure to close the ZF Merger could exacerbate any negative impact on our business and our relationships with our customers, suppliers, joint venture partners, other parties with which we maintain business relationships, or employees as described in the risk factors below, as well as negatively impact our ability to implement alternative business plans.

         Disruption of management's attention from our ongoing business operations due to the proposed ZF Merger

        We have expended, and continue to expend, significant management resources in an effort to complete the ZF Merger. Management's attention may be diverted away from the day-to-day operations of our business and execution of our existing business plan in our efforts to complete the ZF Merger. This diversion of management resources could disrupt operations and have an adverse effect on our operating results and business.

         The announcement of the proposed ZF Merger could disrupt our relationships with our customers, suppliers, joint venture partners and others, as well as our operating results and business generally

        Whether or not the ZF Merger is ultimately consummated, as a result of uncertainty related to the proposed transaction, risks relating to the impact of the announcement of the ZF Merger on our business include the following:

•

our employees may experience uncertainty about their future roles, which might adversely affect our ability to retain and hire key personnel and other employees;

•

customers, suppliers, joint venture partners and other parties with which we maintain business relationships may experience uncertainty about our future and seek alternative relationships with third parties, seek to alter their business relationships with us or fail to extend an existing relationship with us; and

•

we have expended and will continue to expend significant costs, fees and expenses for professional services and transaction costs in connection with the proposed ZF Merger; these costs will impact our results of operations regardless of whether or not the ZF Merger is consummated.

        Further, the Merger Agreement restricts us from taking certain actions without ZF's consent while the ZF Merger is pending. These restrictions may, among other matters, prevent us from pursuing otherwise attractive business opportunities, making certain investments or acquisitions, selling assets, engaging in capital expenditures in excess of certain agreed limits, incurring certain indebtedness or making certain other changes to our business pending the closing of the ZF Merger. These restrictions could have an adverse effect on our business, financial condition and results of operations.

        In addition to the foregoing, the amount of the per share merger consideration to be paid in cash pursuant to the Merger Agreement is fixed and will not be increased for changes in our business, assets, liabilities, prospects, outlook, financial condition or results of operation or in the event of any change in the market price of, analyst estimates of, or projections relating to, our common stock. Therefore, the market value of our common stock may vary significantly from the value on the date the Merger Agreement was executed or at other later dates.

         Risks relating to the Engine Valve Divestiture could adversely affect us

        The proposed Engine Valve Divestiture is subject to various closing conditions such as regulatory, regional Supervisory Board and local works council approvals, among other customary closing

53

conditions. If any condition to the closing of the Engine Valve Divestiture is not satisfied or, if permissible, waived, the Engine Valve Divestiture will not be completed. In addition, satisfying the closing conditions to the Engine Valve Divestiture may take longer than we expect. There can be no assurance that any of the conditions to closing will be satisfied or waived or that other events will not intervene to delay or result in a failure to consummate the Engine Valve Divestiture.

        If the Engine Valve Divestiture is not completed for any reason, investor confidence could decline. In addition, we have expended, and continue to expend, significant management resources in an effort to complete the Engine Valve Divestiture. Management's attention may be diverted away from the day-to-day operations of the engine valve business and execution of the existing business plan in an effort to complete the Engine Valve Divestiture, which could disrupt operations and have an adverse effect on our operating results and business. Further, any delay in closing or a failure to close the Engine Valve Divestiture could exacerbate any negative impact on our engine valve business and our related relationships with our customers, suppliers or employees resulting from uncertainty related to the transaction, as well as negatively impact our ability to implement alternative business plans for the engine valve business.

Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds

(c) Issuer repurchases of equity securities

        The Company has two share repurchase programs in place, consisting of a $2 billion program that extends through December 31, 2016 (the "$2 Billion Program"), and a program that is intended to offset, on an ongoing basis, the dilution created by the Company's stock incentive plan for up to 1.5 million shares in 2014 and each subsequent year (the "Anti-Dilution Program").

        In the first quarter of 2014 the Company had entered into an accelerated share repurchase ("ASR") agreement with a third-party financial institution to repurchase the Company's common stock. Pursuant to the ASR agreement, the Company made an up-front payment of $400 million, and received an initial delivery of approximately 3.9 million shares of common stock in the first quarter of 2014. Upon settlement in the third quarter of 2014, the Company received approximately 0.7 million additional shares resulting in an overall weighted average price per share of $88.08 under the ASR agreement.

        Pursuant to the terms of its Merger Agreement with ZF, the Company is restricted from repurchasing additional shares of its common stock under its share repurchase programs without ZF's consent.

Period(a)	Total Number of Shares Purchased(b)		Average Price Paid Per Share(c)			Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(b)		Max. Number of Shares (or Approx. Dollar Value) that May Yet Be Purchased Under the Plans or Programs(d)
June 28, 2014 to August 1, 2014		—	$	—			—	$	1,141,619,841
August 2, 2014 to August 29, 2014		—		—			—		1,141,619,841
August 30, 2014 to September 26, 2014		653,932		88.08			653,932		1,141,619,841
Total		653,932	$	88.08	(e)		653,932	$	1,141,619,841

(a)

Monthly information is presented by reference to the Company's fiscal months during the third quarter of 2014, based upon settlement of each transaction.

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(b)

All of the shares indicated were purchased under the Company's $2 Billion Program originally announced on October 1, 2012, with a subsequent announcement on October 29, 2013 of the program's increased size and extension through December 31, 2016.

(c)

Excluding commissions.

(d)

The dollar values in this column reflect the approximate dollar value of shares that may yet be purchased under the $2 Billion Program. During the first quarter of 2014, the Company reached its 2014 board-authorized limit under the Anti-Dilution Program; however, additional shares may be purchased under the Anti-Dilution Program in 2015 and subsequent years, subject to the terms of the Merger Agreement.

(e)

Under the ASR agreement, the Company paid $400 million and received an initial delivery of approximately 3.9 million shares of its common stock in the first quarter of 2014 and, upon settlement, received an additional delivery of approximately 0.7 million shares of its common stock in the third quarter of 2014. The average price paid per share reflected in the table is based upon the overall weighted average price per share under the ASR agreement.

        Additional information regarding our share repurchase programs can be found in Part II, Item 5 of our Annual Report on Form 10-K for the fiscal year ended December 31, 2013.

Item 5.    Other Information

        None.

Item 6.    Exhibits (including those incorporated by reference)

Exhibit Number			Exhibit Name
	2.1		Agreement and Plan of Merger, dated as of September 15, 2014, by and among TRW Automotive Holdings Corp., ZF Friedrichshafen AG, and MSNA, Inc. (incorporated by reference to Exhibit 2.1 to the Company's Current Report on Form 8-K filed September 15, 2014)
	3.1		Second Amended and Restated Certificate of Incorporation of the Company (incorporated by reference to Exhibit 3.1 to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2003)
	3.2		Fourth Amended and Restated By-Laws of the Company (incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K filed February 14, 2014)
	31(a)	*	Certification Pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002
	31(b)	*	Certification Pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002
	32	*	Certification Pursuant to 18 U.S.C. §1350, As Adopted Pursuant to §906 of the Sarbanes-Oxley Act of 2002
	101.INS	*	XBRL Instance Document
	101.SCH	*	XBRL Taxonomy Extension Schema Document
	101.CAL	*	XBRL Taxonomy Extension Calculation Linkbase Document
	101.LAB	*	XBRL Taxonomy Extension Label Linkbase Document

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Exhibit Number			Exhibit Name
	101.PRE	*	XBRL Taxonomy Extension Presentation Linkbase Document
	101.DEF	*	XBRL Taxonomy Extension Definition Linkbase Document

*

Filed herewith

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Signatures

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	TRW Automotive Holdings Corp.
	(Registrant)
Date: October 28, 2014	By:	/s/ JOSEPH S. CANTIE Joseph S. Cantie Executive Vice President and Chief Financial Officer (On behalf of the Registrant and as Principal Financial Officer)

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EX-31.(A)

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Exhibit 31(a)

CERTIFICATIONS

Certification of Principal Executive Officer

I, John C. Plant, certify that:

1.

I have reviewed this quarterly report on Form 10-Q for the period ended September 26, 2014 (this "Report") of TRW Automotive Holdings Corp. (the "Registrant");

2.

Based on my knowledge, this Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Report;

3.

Based on my knowledge, the financial statements, and other financial information included in this Report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this Report;

4.

The Registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

a.

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Report is being prepared;

b.

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.

Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this Report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this Report based on such evaluation; and

d.

Disclosed in this Report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter (the Registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and

5.

The Registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

a.

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize and report financial information; and

b.

Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting.

Date: October 28, 2014 /s/ JOHN C. PLANT
John C. Plant
Chairman of the Board, President and
Chief Executive Officer
(Principal Executive Officer)

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Exhibit 31(a)

CERTIFICATIONS

EX-31.(B)

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Exhibit 31(b)

CERTIFICATIONS

Certification of Principal Financial Officer

I, Joseph S. Cantie, certify that:

1.

I have reviewed this quarterly report on Form 10-Q for the period ended September 26, 2014 (this "Report") of TRW Automotive Holdings Corp. (the "Registrant");

2.

Based on my knowledge, this Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Report;

3.

Based on my knowledge, the financial statements, and other financial information included in this Report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the periods presented in this Report;

4.

The Registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

a.

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Report is being prepared;

b.

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c.

Evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this Report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this Report based on such evaluation; and

d.

Disclosed in this Report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter (the Registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and

5.

The Registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

a.

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize and report financial information; and

b.

Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting.

Date: October 28, 2014 /s/ JOSEPH S. CANTIE
Joseph S. Cantie
Executive Vice President and Chief Financial Officer
(Principal Financial Officer)

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Exhibit 31(b)

CERTIFICATIONS

EX-32

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Exhibit 32

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

        In connection with the filing of this quarterly report on Form 10-Q of TRW Automotive Holdings Corp. (the "Company") for the period ended September 26, 2014, with the Securities and Exchange Commission on the date hereof (the "Report"), each of the undersigned officers certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to such officer's knowledge:

1)

The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and



2)

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: October 28, 2014	/s/ JOHN C. PLANT John C. Plant Chairman of the Board, President and Chief Executive Officer (Principal Executive Officer)
	/s/ JOSEPH S. CANTIE Joseph S. Cantie Executive Vice President and Chief Financial Officer (Principal Financial Officer)

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Exhibit 32

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

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Basis of Presentation - Net Earnings Attributable to TRW and the Weighted Average Shares Outstanding (Detail) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Earnings Per Share Disclosure [Line Items]
Net earnings attributable to TRW	$ 189	$ 197	$ 653	$ 607
Interest expense on exchangeable notes, net of tax	0	1	2	3
Amortization of discount on exchangeable notes, net of tax	1	1	3	3
Net earnings attributable to TRW for purposes of calculating diluted earnings per share	$ 190	$ 199	$ 658	$ 613
Basic:
Weighted average shares outstanding	111.1	117.0	111.7	118.5
Basic earnings per share	$ 1.70	$ 1.68	$ 5.85	$ 5.12
Diluted:
Weighted average shares outstanding	111.1	117.0	111.7	118.5
Effect of dilutive stock options, RSUs and SSARs	1.7	1.3	1.6	1.2
Shares applicable to exchangeable notes	5.0	5.9	5.0	5.9
Diluted weighted average shares outstanding	117.8	124.2	118.3	125.6
Diluted earnings per share	$ 1.61	$ 1.60	$ 5.56	$ 4.88

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Pension Plans and Postretirement Benefits Other Than Pensions - Components of Net OPEB (Income) Cost (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Postretirement Benefits Other than Pension - U.S.
Pension Plan [Line Items]
Service cost	$ 0	$ 1	$ 0	$ 1
Interest cost on projected benefit obligations	4	3	12	10
Amortization	(2)	(3)	(7)	(10)
Settlements	0	(1)	0	(7)
Defined benefit plan, net (income) cost	2	0	5	(6)
Postretirement Benefits Other than Pension - Rest of World
Pension Plan [Line Items]
Service cost	0	0	0	0
Interest cost on projected benefit obligations	1	1	3	3
Amortization	(1)	(1)	(4)	(3)
Settlements	0	0	0	0
Defined benefit plan, net (income) cost	$ 0	$ 0	$ (1)	$ 0

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Goodwill and Intangible Assets - Changes in Goodwill (Detail) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 26, 2014
Goodwill [Line Items]
Beginning Balance	$ 1,760
Effects of foreign currency translation	(7)
Ending Balance	1,753
Chassis Systems [Member]
Goodwill [Line Items]
Beginning Balance	1,071
Effects of foreign currency translation	0
Ending Balance	1,071
Occupant Safety Systems [Member]
Goodwill [Line Items]
Beginning Balance	541
Effects of foreign currency translation	(7)
Ending Balance	534
Electronics [Member]
Goodwill [Line Items]
Beginning Balance	148
Effects of foreign currency translation	0
Ending Balance	148
Automotive Components [Member]
Goodwill [Line Items]
Beginning Balance	0
Effects of foreign currency translation	0
Ending Balance	$ 0

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Contingencies (Detail) (USD $) In Millions, unless otherwise specified	Sep. 26, 2014
Contingencies [Abstract]
Reserves for environmental matters	$ 77
Northrop indemnification percentage	50.00%

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Fair Value Measurements - Recurring and Nonrecurring Basis (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended	9 Months Ended									9 Months Ended
	Sep. 27, 2013	Sep. 27, 2013	Sep. 26, 2014 Fair Value, Measurements, Recurring Current Assets [Member] Fair Value, Inputs, Level 2 [Member]	Dec. 31, 2013 Fair Value, Measurements, Recurring Current Assets [Member] Fair Value, Inputs, Level 2 [Member]	Sep. 26, 2014 Fair Value, Measurements, Recurring Noncurrent Assets [Member] Fair Value, Inputs, Level 2 [Member]	Dec. 31, 2013 Fair Value, Measurements, Recurring Noncurrent Assets [Member] Fair Value, Inputs, Level 2 [Member]	Sep. 26, 2014 Fair Value, Measurements, Recurring Current Liabilities [Member] Fair Value, Inputs, Level 2 [Member]	Dec. 31, 2013 Fair Value, Measurements, Recurring Current Liabilities [Member] Fair Value, Inputs, Level 2 [Member]	Sep. 26, 2014 Fair Value, Measurements, Recurring Noncurrent Liabilities [Member] Fair Value, Inputs, Level 2 [Member]	Dec. 31, 2013 Fair Value, Measurements, Recurring Noncurrent Liabilities [Member] Fair Value, Inputs, Level 2 [Member]	Sep. 26, 2014 Fair Value, Measurements, Nonrecurring
Fair Value Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency contracts assets			$ 16	$ 6	$ 13	$ 0
Foreign currency contracts liabilities							3	5	2	9
Fixed asset impairments	$ 3	$ 3									$ 12

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Inventories (Detail) (USD $) In Millions, unless otherwise specified	Sep. 26, 2014	Dec. 31, 2013
Inventories [Abstract]
Finished products and work in process	$ 522	$ 499
Raw materials and supplies	557	520
Total inventories	$ 1,079	$ 1,019

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Debt (Tables)

9 Months Ended

Sep. 26, 2014

Debt [Abstract]

Total Outstanding Debt [Table Text Block]

12. Debt
Total outstanding debt of the Company consisted of the following:
			As of
			September 26,		December 31,
			2014		2013
			(Dollars in millions)
	Short-term debt		$	238	$	159
	Long-term debt:
	6.375% Senior Notes, due 2014		$	-	$	234
	7.00% Senior Notes, due 2014			-		233
	7.25% Senior Notes, due 2017			445		446
	4.50% Senior Notes, due 2021			400		400
	4.45% Senior Notes, due 2023			400		400
	Exchangeable senior notes, due 2015			138		134
	Revolving credit facility			-		-
	Capitalized leases			15		18
	Other long-term borrowings			89		90
		Total long-term debt		1,487		1,955
	Less current portion			35		482
		Long-term debt, net of current portion	$	1,452	$	1,473

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Financial Instruments (Detail) (USD $)	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Not Designated as Hedging Instrument | Other Income And Expense [Member]
Derivative [Line Items]
Gain (loss) recognized in current earnings	$ 13,000,000	$ 0	$ 16,000,000	$ (3,000,000)
Foreign Exchange Contract
Derivative [Line Items]
Notional value	2,800,000,000		2,800,000,000
Cash Flow Hedging
Derivative [Line Items]
Gains included in OCI expected to be reclassified into earnings in the next twelve months, net of tax	9,000,000
Effective portion of the gain (loss) on derivatives designated as cash flow hedges that was recognized in OCI	8,000,000	22,000,000	33,000,000	(11,000,000)
Effective portion of gain (loss) on hedges reclassified from OCI into the statements of earnings	$ 1,000,000	$ 0	$ (4,000,000)	$ 1,000,000

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Segment Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Segment Reporting Information [Line Items]
Sales	$ 4,156	$ 4,212	$ 13,191	$ 12,939
Intersegment and Segment Sales	4,384	4,400	13,832	13,510
Financing costs	(25)	(33)	(82)	(97)
Loss on retirement of debt - net	0	0	0	(5)
Net earnings attributable to noncontrolling interest, net of tax	9	9	29	32
Earnings before income taxes	278	268	932	860
Intersegment Sales [Member]
Segment Reporting Information [Line Items]
Intersegment and Segment Sales	228	188	641	571
Chassis Systems [Member]
Segment Reporting Information [Line Items]
Sales	2,684	2,802	8,509	8,512
Intersegment and Segment Sales	2,689	2,806	8,521	8,524
Segment earnings before taxes	213	188	648	600
Chassis Systems [Member] | Intersegment Sales [Member]
Segment Reporting Information [Line Items]
Intersegment and Segment Sales	5	4	12	12
Occupant Safety Systems [Member]
Segment Reporting Information [Line Items]
Sales	787	785	2,557	2,485
Intersegment and Segment Sales	824	817	2,669	2,583
Segment earnings before taxes	62	63	216	175
Occupant Safety Systems [Member] | Intersegment Sales [Member]
Segment Reporting Information [Line Items]
Intersegment and Segment Sales	37	32	112	98
Electronics [Member]
Segment Reporting Information [Line Items]
Sales	233	172	693	518
Intersegment and Segment Sales	401	306	1,154	924
Segment earnings before taxes	34	28	106	86
Electronics [Member] | Intersegment Sales [Member]
Segment Reporting Information [Line Items]
Intersegment and Segment Sales	168	134	461	406
Automotive Components [Member]
Segment Reporting Information [Line Items]
Sales	452	453	1,432	1,424
Intersegment and Segment Sales	470	471	1,488	1,479
Segment earnings before taxes	32	31	114	119
Automotive Components [Member] | Intersegment Sales [Member]
Segment Reporting Information [Line Items]
Intersegment and Segment Sales	18	18	56	55
Operating Segments
Segment Reporting Information [Line Items]
Segment earnings before taxes	341	310	1,084	980
Corporate expense and other
Segment Reporting Information [Line Items]
Earnings before income taxes	$ (47)	$ (18)	$ (99)	$ (50)

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Basis of Presentation (Policies)

9 Months Ended

Sep. 26, 2014

Basis of Presentation [Abstract]

Earnings (Losses) Per Share

Earnings Per Share. Basic earnings per share are calculated by dividing net earnings by the weighted average shares outstanding during the period. Diluted earnings per share reflect the weighted average impact of all potentially dilutive securities from the date of issuance, including stock options, RSUs,SSARs and Performance Units. Further, if the inclusion of shares potentially issuable for the Company's 3.50% exchangeable senior unsecured notes (see Note 12) is more dilutive than the inclusion of the interest expense for those exchangeable notes, the Company utilizes the “if-converted” method to calculate diluted earnings per share. Under the if-converted method, the Company adjusts net earnings to add back interest expense and amortization of the discount recognized on the exchangeable notes and includes the number of shares potentially issuable related to the exchangeable notes in the weighted average shares outstanding.

If the average market price of the Company's common stock exceeds the exercise price of stock options outstanding or the fair value on the date of grant of the SSARs, the treasury stock method is used to determine the incremental number of shares to be included in the diluted earnings per share computation.

Warranties

Warranties. Product warranty liabilities are recorded based upon management estimates including such factors as the written agreement with the customer, the length of the warranty period, the historical performance of the product and likely changes in performance of newer products and the mix and volume of products sold. Product warranty liabilities are reviewed on a regular basis and adjusted to reflect actual experience.

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements.In May 2014, the Financial Accounting Standards Board (“FASB”) issuedAccounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers (Topic 606),”which provides a single revenue recognition model intended to improve comparability over a range of industries, companies and geographical boundaries and is intended to enhance disclosures.  The standard is effective retrospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2016. Early adoption is not permitted. The Company is currently assessing the potential impact on its operations and financial statements.

In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements – Going Concern (Subtopic 205-40),” which requires management to evaluate, at each annual and interim reporting period, whether there is substantial doubt about the Company's ability to continue as a going concern within one year after the date the financial statements are issued and provide related footnote disclosures. The standard is effective for the annual period ending after December 15, 2016 and for the annual and interim periods thereafter. Early adoption is permitted. This standard is not expected to have a material impact on the Company's financial statements.

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Goodwill and Intangible Assets - Expected Amortization Expense (Detail) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 26, 2014
Goodwill and Intangible Assets [Abstract]
Remainder of Current Fiscal Year	$ 1
Fiscal Year Two	3
Fiscal Year Three and Beyond	$ 20

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Basis of Presentation - Changes in Equity (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Stockholders Equity Note [Line Items]
Beginning balance of equity	$ 4,539	$ 3,853	$ 4,396	$ 3,769
Net earnings	198	206	682	639
Total other comprehensive earnings (losses)	(131)	81	(75)	(80)
Dividends paid to noncontrolling interest			(3)	(15)
Changes related to share-based compensation	(17)	19	(11)	46
Value of capital stock repurchased	0	(260)	(400)	(460)
Ending balance of equity	4,589	3,899	4,589	3,899
Parent
Stockholders Equity Note [Line Items]
Beginning balance of equity	4,324	3,654	4,194	3,578
Net earnings	189	197	653	607
Total other comprehensive earnings (losses)	(130)	78	(70)	(83)
Dividends paid to noncontrolling interest			0	0
Changes related to share-based compensation	(17)	19	(11)	46
Value of capital stock repurchased	0	(260)	(400)	(460)
Ending balance of equity	4,366	3,688	4,366	3,688
Noncontrolling Interest
Stockholders Equity Note [Line Items]
Beginning balance of equity	215	199	202	191
Net earnings	9	9	29	32
Total other comprehensive earnings (losses)	(1)	3	(5)	3
Dividends paid to noncontrolling interest			(3)	(15)
Changes related to share-based compensation	0	0	0	0
Value of capital stock repurchased	0	0	0	0
Ending balance of equity	$ 223	$ 211	$ 223	$ 211

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Description of Business (Detail)	12 Months Ended
	Dec. 31, 2013
Description of Business [Abstract]
Sales to major OEM	83.00%

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Income Taxes (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Income Taxes [Line Items]
Income tax expense	$ 80	$ 62	$ 250	$ 221
Earnings before income taxes	278	268	932	860
Income tax expense (benefit), tax adjustments, settlements, and unusual provisions			(6)	4
Tax benefit related to enactment of tax legislation				(12)
Net of discrete tax items [Member]
Income Taxes [Line Items]
Tax benefit related to enactment of tax legislation				26
United Kingdom [Member]
Income Taxes [Line Items]
Tax benefit related to enactment of tax legislation		$ (18)		$ (18)

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Capital Stock (Detail) (USD $)	3 Months Ended		9 Months Ended		3 Months Ended			3 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013	Sep. 27, 2013 Exchangeable Senior Unsecured Notes Three Point Five Percent Due Twenty Fifteen [Member]	Sep. 26, 2014 $2 Billion Share Repurchase Program [Member]	Sep. 26, 2014 Anti Dilution Program [Member]	Sep. 26, 2014 ASR March 2014 [Member]	Mar. 28, 2014 ASR March 2014 [Member]	Sep. 26, 2014 Series A junior participating preferred stock
Stockholders Equity Note [Line Items]
Common stock, shares authorized	500,000,000		500,000,000
Common stock, par value	$ 0.01		$ 0.01
Common stock, shares outstanding	110,628,893		110,628,893
Treasury stock, shares	4,668		4,668
Preferred stock, shares authorized	250,000,000		250,000,000							500,000
Preferred stock, par value	$ 0.01		$ 0.01
Preferred stock, shares issued										0
Preferred stock, shares outstanding										0
Number of shares repurchased								700,000	3,900,000
Average cost of shares repurchased								$ 88.08
Value of capital stock repurchased	$ 0	$ 260,000,000	$ 400,000,000	$ 460,000,000					$ 400,000,000
Stock repurchase program authorized amount						2,000,000,000
Stock repurchse program authorized shares							1,500,000
Number of shares of Company stock issued in exchange for notes being converted					34,000
Exchangeable Senior Notes principal amount exchanged for shares of company stock					$ 1,000,000

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Debt - Exchangable Senior Notes (Detail) (Exchangeable Senior Unsecured Notes Three Point Five Percent Due Twenty Fifteen [Member], USD $) In Millions, except Share data, unless otherwise specified	1 Months Ended	3 Months Ended		9 Months Ended
	Nov. 30, 2009	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013	Dec. 31, 2013
Exchangeable Senior Unsecured Notes Three Point Five Percent Due Twenty Fifteen [Member]
Debt Disclosure [Line Items]
Face amount	$ 259
Interest rate	3.50%
Exchange rate of shares of the Company's common stock per $1,000 principal amount of notes	33.8392
Effective yield	9.00%
Debt discount		9		9		14
Interest expense recognized		3	3	9	10
Interest expense on exchangeable notes, excluding amortization		1	2	4	5
Exchangeable notes sales price condition	$ 38.415
Exchangeable Senior Notes principal amount exchanged for shares of company stock			1
Number of shares of Company stock issued in exchange for notes being converted			34,000
Equity component of 3.5% exchangeable note repurchase		$ 2
Debt covenants potential triggering event from ZF, required repurchase price		100.00%		100.00%

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Investment in Joint Venture Affiliate (Detail) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013
Investment in Joint Venture Affiliate [Abtract]
Investment in non-consolidated joint venture assets	$ 6	$ 0
Non-consolidated Joint Venture Investment Ownership Percentage	30.00%

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Basis of Presentation

9 Months Ended

Sep. 26, 2014

Basis of Presentation [Abstract]

Basis of Presentation

3. Basis of Presentation

These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2013, filed with the U.S. Securities and Exchange Commission (“SEC”) on February 14, 2014.

These unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the SEC for interim financial information. Accordingly, they do not include all of the information and footnotes required by United States generally accepted accounting principles (“GAAP”) for complete financial statements. These financial statements include all adjustments (consisting primarily of normal, recurring adjustments) considered necessary for a fair presentation of the financial position, results of operations and cash flows of the Company. Operating results for the three and nine months endedSeptember 26, 2014 are not necessarily indicative of results that may be expected for the year ending December 31, 2014.

The Company follows a fiscal calendar that ends on December 31. However, each fiscal quarter has three periods consisting of one five week period and two four week periods. Each quarterly period ends on a Friday, with the possible exception of the final quarter of the year, which always ends on December 31.

Earnings Per Share. Basic earnings per share are calculated by dividing net earnings by the weighted average shares outstanding during the period. Diluted earnings per share reflect the weighted average impact of all potentially dilutive securities from the date of issuance, including stock options, RSUs,SSARs and Performance Units. Further, if the inclusion of shares potentially issuable for the Company's 3.50% exchangeable senior unsecured notes (see Note 12) is more dilutive than the inclusion of the interest expense for those exchangeable notes, the Company utilizes the “if-converted” method to calculate diluted earnings per share. Under the if-converted method, the Company adjusts net earnings to add back interest expense and amortization of the discount recognized on the exchangeable notes and includes the number of shares potentially issuable related to the exchangeable notes in the weighted average shares outstanding.

If the average market price of the Company's common stock exceeds the exercise price of stock options outstanding or the fair value on the date of grant of the SSARs, the treasury stock method is used to determine the incremental number of shares to be included in the diluted earnings per share computation.

Net earnings attributable to TRW and the weighted average shares outstanding used in calculating basic and diluted earnings per share were:
			Three Months Ended				Nine Months Ended
			September 26,		September 27,		September 26,		September 27,
			2014		2013		2014		2013
			(In millions, except per share amounts)
	Net earnings attributable to TRW		$	189	$	197	$	653	$	607
	Interest expense on exchangeable notes, net of tax			-		1		2		3
	Amortization of discount on exchangeable notes, net of tax			1		1		3		3
	Net earnings attributable to TRW for purposes of calculating diluted earnings per share		$	190	$	199	$	658	$	613
	Basic:
		Weighted average shares outstanding		111.1		117.0		111.7		118.5
		Basic earnings per share	$	1.70	$	1.68	$	5.85	$	5.12
	Diluted:
		Weighted average shares outstanding		111.1		117.0		111.7		118.5
		Effect of dilutive stock options, RSUs and SSARs		1.7		1.3		1.6		1.2
		Shares applicable to exchangeable notes		5.0		5.9		5.0		5.9
		Diluted weighted average shares outstanding		117.8		124.2		118.3		125.6
		Diluted earnings per share	$	1.61	$	1.60	$	5.56	$	4.88

For the three and nine months endedSeptember 26, 2014, de minimis and approximately0.6millionsecurities, respectively,were excluded from the calculation of diluted earnings per share because the inclusion of such securities in the calculation would have been anti-dilutive.

Forthe three and nine months endedSeptember 27, 2013, approximately 0.4 million and 1.6 million securities, respectively, were excluded from the calculation of diluted earnings per share because the inclusion of such securities in the calculation would have been anti-dilutive.

Equity. The following tables present a rollforward of the changes in equityattributable to TRW shareholders and to the noncontrolling interest.

	Three Months Ended
	September 26, 2014						September 27, 2013
	Total		TRW Shareholders		Noncontrolling Interest		Total		TRW Shareholders		Noncontrolling Interest
	(Dollars in millions)
Beginning balance of equity	$	4,539	$	4,324	$	215	$	3,853	$	3,654	$	199
Net earnings		198		189		9		206		197		9
Other comprehensive (losses) earnings		(131)		(130)		(1)		81		78		3
Changes related to share-based compensation		(17)		(17)		-		19		19		-
Repurchase of capital stock		-		-		-		(260)		(260)		-
Ending balance of equity	$	4,589	$	4,366	$	223	$	3,899	$	3,688	$	211

	Nine Months Ended
	September 26, 2014						September 27, 2013
	Total		TRW Shareholders		Noncontrolling Interest		Total		TRW Shareholders		Noncontrolling Interest
	(Dollars in millions)
Beginning balance of equity	$	4,396	$	4,194	$	202	$	3,769	$	3,578	$	191
Net earnings		682		653		29		639		607		32
Other comprehensive (losses) earnings		(75)		(70)		(5)		(80)		(83)		3
Dividends paid to noncontrolling interest		(3)		-		(3)		(15)		-		(15)
Changes related to share-based compensation		(11)		(11)		-		46		46		-
Repurchase of capital stock		(400)		(400)		-		(460)		(460)		-
Ending balance of equity	$	4,589	$	4,366	$	223	$	3,899	$	3,688	$	211

The following tables present changes in accumulated other comprehensive earnings (losses)attributable to TRW by component:

		Foreign Currency Translation		Retirement Obligations		Deferred Cash Flow Hedges		Total
		(Dollars in millions)
For the three months ended September 26, 2014:
Beginning balance attributable to TRW, net of tax		$	78	$	(406)	$	8	$	(320)
	Other comprehensive (losses) earnings before reclassifications, net of tax		(152)		14		7		(131)
	Amounts reclassified from accumulated other comprehensive earnings, net of tax		-		1(a)		-		1
Other comprehensive (losses) earnings, net of tax			(152)		15		7		(130)
Ending balance attributable to TRW, net of tax		$	(74)	$	(391)	$	15	$	(450)
For the three months ended September 27, 2013:
Beginning balance attributable to TRW, net of tax		$	(34)	$	(577)	$	(16)	$	(627)
	Other comprehensive earnings (losses) before reclassifications, net of tax		67		(10)		16		73
	Amounts reclassified from accumulated other comprehensive earnings (losses), net of tax		-		5(b)		-		5
Other comprehensive earnings (losses), net of tax			67		(5)		16		78
Ending balance attributable to TRW, net of tax		$	33	$	(582)	$	-	$	(549)
(a)	Includes actuarial gains of $4 million, reduced by prior service cost of $3 million, net of tax of a de minimis amount.
(b)	Includes actuarial gains of $11 million, reduced by prior service cost of $4 million, net of tax of $2 million.

		Foreign Currency Translation		Retirement Obligations		Deferred Cash Flow Hedges		Total
		(Dollars in millions)
For the nine months ended September 26, 2014:
Beginning balance attributable to TRW, net of tax		$	41	$	(405)	$	(16)	$	(380)
	Other comprehensive (losses) earnings before reclassifications, net of tax		(115)		11		27		(77)
	Amounts reclassified from accumulated other comprehensive earnings, net of tax		-		3(a)		4		7
Other comprehensive (losses) earnings, net of tax			(115)		14		31		(70)
Ending balance attributable to TRW, net of tax		$	(74)	$	(391)	$	15	$	(450)
For the nine months ended September 27, 2013:
Beginning balance attributable to TRW, net of tax		$	83	$	(559)	$	10	$	(466)
	Other comprehensive losses before reclassifications, net of tax		(50)		(37)		(9)		(96)
	Amounts reclassified from accumulated other comprehensive earnings (losses), net of tax		-		14(b)		(1)		13
Other comprehensive losses, net of tax			(50)		(23)		(10)		(83)
Ending balance attributable to TRW, net of tax		$	33	$	(582)	$	-	$	(549)
(a)	Includes actuarial gains of $13 million, reduced by prior service cost of $9 million, net of tax of $1 million.
(b)	Includes actuarial gains of $33 million, reduced by prior service cost of $13 million, net of tax of $6 million.

Warranties. Product warranty liabilities are recorded based upon management estimates including such factors as the written agreement with the customer, the length of the warranty period, the historical performance of the product and likely changes in performance of newer products and the mix and volume of products sold. Product warranty liabilities are reviewed on a regular basis and adjusted to reflect actual experience.

The following table presents the movement in the product warranty liability for the periods indicated:
	Nine Months Ended
	September 26,		September 27,
	2014		2013
	(Dollars in millions)
Beginning balance	$	152	$	140
Current period accruals, net of changes in estimates		33		44
Accruals related to divestitures		(2)		-
Used for purposes intended		(28)		(30)
Effects of foreign currency translation		(5)		(1)
Ending balance	$	150	$	153

Recently Issued Accounting Pronouncements.In May 2014, the Financial Accounting Standards Board (“FASB”) issuedAccounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers (Topic 606),”which provides a single revenue recognition model intended to improve comparability over a range of industries, companies and geographical boundaries and is intended to enhance disclosures.  The standard is effective retrospectively for fiscal years (and interim reporting periods within those years) beginning after December 15, 2016. Early adoption is not permitted. The Company is currently assessing the potential impact on its operations and financial statements.

In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements – Going Concern (Subtopic 205-40),” which requires management to evaluate, at each annual and interim reporting period, whether there is substantial doubt about the Company's ability to continue as a going concern within one year after the date the financial statements are issued and provide related footnote disclosures. The standard is effective for the annual period ending after December 15, 2016 and for the annual and interim periods thereafter. Early adoption is permitted. This standard is not expected to have a material impact on the Company's financial statements.

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Debt - Senior Credit Facilities (Detail) (USD $) In Billions, unless otherwise specified	9 Months Ended
	Sep. 26, 2014	Sep. 28, 2012
Debt Disclosure [Line Items]
Revolving credit facility, facility size		$ 1.4
Commitment fee	0.25%
Euro Denominated [Member]
Debt Disclosure [Line Items]
Applicable margin	1.25%
Base Rate [Member]
Debt Disclosure [Line Items]
Applicable margin	0.25%

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Basis of Presentation- Changes in Accumulated Other Comprehensive Income (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013	Jun. 27, 2014	Dec. 31, 2013	Jun. 28, 2013	Dec. 31, 2012
Basis of Presentation [Abstract]
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	$ 15	$ 0	$ 15	$ 0	$ 8	$ (16)	$ (16)	$ 10
Accumulated Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net of Tax	(391)	(582)	(391)	(582)	(406)	(405)	(577)	(559)
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	(74)	33	(74)	33	78	41	(34)	83
Total Accumulated other comprehensive earnings (losses)	(450)	(549)	(450)	(549)	(320)	(380)	(627)	(466)
OCI before reclassifications, cash flow hedges	7	16	27	(9)
OCI before reclassifications, retirement obligations	14	(10)	11	(37)
OCI before reclassifications, foreign currency translation	(152)	67	(115)	(50)
OCI before reclassifications, total	(131)	73	(77)	(96)
Amounts reclassified from AOCI, cash flow hedges	0	0	4	(1)
Amounts reclassified from AOCI, retirement obligations	1	5	3	14
Amounts reclassified from AOCI, total	1	5	7	13
Current period OCI, cash flow hedges	7	16	31	(10)
Current period OCI, Retirement obligations	15	(5)	14	(23)
Current Period OCI, foreign currency translation	(152)	67	(115)	(50)
Current period OCI, total	(130)	78	(70)	(83)
Actuarial gains or losses reclassified from AOCI	4	11	13	33
Prior service costs reclassified from AOCI	3	4	9	13
Tax amount of retirement obligations reclassified from AOCI	$ 0	$ 2	$ 1	$ 6

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Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 26, 2014

Goodwill and Intangible Assets [Abstract]

Changes in Goodwill [Table Text Block]

The changes in goodwill for the period are as follows:

			Occupant
	Chassis		Safety				Automotive
	Systems		Systems		Electronics		Components
	Segment		Segment		Segment		Segment		Total
	(Dollars in millions)
Balance as of December 31, 2013	$	1,071	$	541	$	148	$	-	$	1,760
Effects of foreign currency translation		-		(7)		-		-		(7)
Balance as of September 26, 2014	$	1,071	$	534	$	148	$	-	$	1,753

Schedule Of Intangible Assets By Major Class [Table Text Block]

Intangible assets
	The following table reflects intangible assets and related accumulated amortization:
		As of September 26, 2014						As of December 31, 2013
		Gross				Net		Gross				Net
		Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
		Amount		Amortization		Amount		Amount		Amortization		Amount
			(Dollars in millions)
Definite-lived intangible assets:
	Developed technology and other intangible assets	$	117	$	(93)	$	24	$	119	$	(91)	$	28
Indefinite-lived intangible assets:
	Trademarks		264				264		264				264
Total		$	381			$	288	$	383			$	292

Expected Amortization Expense [Table Text Block]

The Company expects that ongoing amortization expense will approximate the following:
		(Dollars in millions)
	Remainder of 2014	$	1
	Fiscal year 2015		3
	2016 and beyond		20
The expected amortization expense for 2016 and beyond primarily relates to land use rights.

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Inventories (Tables)

9 Months Ended

Sep. 26, 2014

Inventories [Abstract]

Major Classes of Inventory [Table Text Block]

5. Inventories
	The major classes of inventory are as follows:
			As of
			September 26,		December 31,
			2014		2013
			(Dollars in millions)
	Finished products and work in process		$	522	$	499
	Raw materials and supplies			557		520
		Total inventories	$	1,079	$	1,019

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Financial Instruments - Not Carried at Fair Value (Detail) (USD $) In Millions, unless otherwise specified	Sep. 26, 2014	Dec. 31, 2013
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt	$ 238	$ 159
Exchageable Notes	138	134
Carrying (Reported) Amount, Fair Value Disclosure [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt	238	159
Long-term debt	1,349	1,821
Exchageable Notes	138	134
Portion At Fair Value Fair Value Disclosure [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt	238	159
Exchageable Notes	502	375
Portion At Fair Value Fair Value Disclosure [Member] | Fair Value, Inputs, Level 2 [Member] | Fixed Rate [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 1,442	$ 1,884

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Assets Held for Sale (Detail) (USD $) In Millions, unless otherwise specified	Sep. 26, 2014	Dec. 31, 2013
Assets Held for Sale [Abstract]
Cash, held-for-sale	$ 13
Accounts receivable - net, held-for sale	25
Inventories, held-for sale	48
Prepaid expenses and other current assets, held-for sale	7
Property, plant and equipment - net, held-for sale	157
Other assets, held-for-sale	11
Total assets held-for sale	261	0
Trade accounts payable, held-for-sale	23
Accrued compensation, held-for sale	20
Pension benefits, held-for sale	33
Other current liabilities, held-for-sale	24
Total liabilities related to assets held-for-sale	100	0
Purchase Price of Engine Valve Divestiture	$ 385

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Other (Income) Expense - Net (Tables)

9 Months Ended

Sep. 26, 2014

Other (Income) Expense - Net [Abstract]

Other Income And Expense Net Disclosure [Table Text Block]

8. Other (Income) Expense — Net
	The following table provides details of other (income) expense — net:
			Three Months Ended				Nine Months Ended
			September 26,		September 27,		September 26,		September 27,
			2014		2013		2014		2013
			(Dollars in millions)
	Net provision for bad debts		$	-	$	2	$	4	$	4
	Net gains on sales of assets and divestitures			(1)		-		(1)		(1)
	Foreign currency exchange (gains) losses			(4)		13		9		19
	Royalty and grant income			(7)		(7)		(16)		(13)
	Miscellaneous other (income) expense			(1)		(3)		6		(10)
		Other (income) expense — net	$	(13)	$	5	$	2	$	(1)

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Pension Plans and Postretirement Benefits Other Than Pensions (Tables)

9 Months Ended

Sep. 26, 2014

Pension Plans and Postretirement Benefits Other Than Pensions [Abstract]

Pension Plans and Postretirement Benefits Other Than Pensions [Table Text Block]

10. Pension Plans and Postretirement Benefits Other Than Pensions
Pension Plans
The following tables provide the components of net pension (income) cost for the Company’s defined benefit pension plans:
	Three Months Ended
	September 26, 2014						September 27, 2013
					Rest of						Rest of
	U.S.		U.K.		World		U.S.		U.K.		World
	(Dollars in millions)
Service cost	$	-	$	-	$	6	$	1	$	-	$	6
Interest cost on projected benefit obligations		9		52		10		10		46		9
Expected return on plan assets		(12)		(86)		(6)		(15)		(77)		(5)
Amortization		2		-		3		7		-		4
Settlement		-		-		-		-		-		(1)
Net pension (income) cost	$	(1)	$	(34)	$	13	$	3	$	(31)	$	13

	Nine Months Ended
	September 26, 2014						September 27, 2013
					Rest of						Rest of
	U.S.		U.K.		World		U.S.		U.K.		World
	(Dollars in millions)
Service cost	$	1	$	-	$	17	$	2	$	-	$	17
Interest cost on projected benefit obligations		28		157		28		31		140		27
Expected return on plan assets		(37)		(259)		(15)		(44)		(233)		(15)
Amortization		6		-		9		20		-		14
Settlement		-		-		-		-		-		(1)
Net pension (income) cost	$	(2)	$	(102)	$	39	$	9	$	(93)	$	42

Postretirement Benefits Other Than Pensions ("OPEB")
The following tables provide the components of net OPEB cost (income) for the Company's plans:
	Three Months Ended
	September 26, 2014				September 27, 2013
			Rest of				Rest of
	U.S.		World		U.S.		World
	(Dollars in millions)
Service cost	$	-	$	-	$	1	$	-
Interest cost on projected benefit obligations		4		1		3		1
Amortization		(2)		(1)		(3)		(1)
Settlement		-		-		(1)		-
Net OPEB cost (income)	$	2	$	-	$	-	$	-

	Nine Months Ended
	September 26, 2014				September 27, 2013
			Rest of				Rest of
	U.S.		World		U.S.		World
	(Dollars in millions)
Service cost	$	-	$	-	$	1	$	-
Interest cost on projected benefit obligations	$	12	$	3	$	10	$	3
Amortization		(7)		(4)		(10)		(3)
Settlement		-		-		(7)		-
Net OPEB cost (income)	$	5	$	(1)	$	(6)	$	-

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Merger

9 Months Ended

Sep. 26, 2014

Merger [Abstract]

Merger [Text Block]

2. Merger

On September 15, 2014, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with ZF Friedrichshafen AG, a stock corporation organized and existing under the laws of the Federal Republic of Germany (“ZF”), and MSNA, Inc., a Delaware corporation (“Merger Sub”) and a wholly owned subsidiary of ZF held directly by ZF North America, Inc. (“ZNA”), pursuant to which Merger Sub will be merged with and into the Company (the “ZF Merger”) with the Company surviving the ZF Merger as an indirect wholly owned subsidiary of ZF. The Board of Directors of the Company unanimously approved the Merger Agreement and resolved to recommend that the Company's stockholders vote to adopt the Merger Agreement.

At the effective time of the ZF Merger, each share of the Company's common stock issued and outstanding (other than any shares of Company common stock held by ZF, ZNA, Merger Sub or any other wholly owned subsidiary of ZF, treasury shares held by the Company and shares owned by stockholders who have properly made and not withdrawn a demand for appraisal rights under Delaware law) will be converted into the right to receive $105.60 in cash, without interest (the “Merger Consideration”). In addition, at the effective time of the ZF Merger, (i) all then-outstanding Company stock options, restricted stock units (“RSUs”), phantom stock units (“PSUs”) and performance share units (“Performance Units,” which will vest at the “maximum level” of performance), whether vested or unvested, will be converted into the right to receive the Merger Consideration, less the exercise price of such awards, if any, and (ii) all then-outstanding Company stock-settled stock appreciation rights (“SSARs”), whether vested or unvested, will be converted into the right to receive an amount in cash equal to the excess of the lesser of the Merger Consideration and the “maximum value” of such stock appreciation right over the fair market value per share at the relevant grant date. The consummation of the ZF Merger is subject to customary closing conditions, including approval by the Company's stockholders as well as the receipt of antitrust and other regulatory approvals in the United States and certain other jurisdictions and other customary closing conditions. The transaction is expected to close in the first half of 2015. If completed, the ZF Merger will result in the Company becoming a wholly owned subsidiary of ZF and its shares will no longer be listed on any public market.

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Fair Value Measurements and Financial Instruments (Tables)

9 Months Ended

Sep. 26, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements Recurring Basis [Table Text Block]

	As of
	September 26, 2014		December 31, 2013		Measurement Approach
	(Dollars in millions)
Foreign currency exchange contracts — current assets	$	16	$	6	Level 2
Foreign currency exchange contracts — noncurrent assets		13		-	Level 2
Foreign currency exchange contracts — current liability		3		5	Level 2
Foreign currency exchange contracts — noncurrent liability		2		9	Level 2

Financial Instruments Not Carried at Fair Value [Table Text Block]

	As of
	September 26, 2014				December 31, 2013
		Carrying	Fair		Carrying			Fair	Measurement
		Value	Value		Value			Value	Approach
	(Dollars in millions)
Short-term debt, fixed and floating rate	$	238	$	238	$	159	$	159	Level 2
Fixed rate long-term debt	$	1,349	$	1,442	$	1,821	$	1,884	Level 2
Fixed rate exchangeable notes	$	138	$	502	$	134	$	375	Level 2

Offsetting Assets And Liabilites [Table Text Block]

Offsetting of Derivative Assets and Liabilities
	The following table reflects the offsetting of derivative assets and liabilities:
		As of September 26, 2014						As of December 31, 2013
		Gross Amounts Recognized		Gross Amounts Offset		Net Amounts Reported		Gross Amounts Recognized		Gross Amounts Offset		Net Amounts Reported
			(Dollars in millions)
Derivative Assets:
	Foreign Currency	$	58	$	(29)	$	29	$	42	$	(36)	$	6
Derivative Liabilities:
	Foreign Currency		34		(29)		5		50		(36)		14

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Basis of Presentation - Additional Information (Detail) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Basis of Presentation [Abstract]
Securites excluded from diluted earnings per share calculation	0	0.4	0.6	1.6

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Pension Plans and Postretirement Benefits Other Than Pensions - Components of Net Pension (Income) Cost (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Pension Plans - U.S.
Pension Plan [Line Items]
Service cost	$ 0	$ 1	$ 1	$ 2
Interest cost on projected benefit obligations	9	10	28	31
Expected return on plan assets	(12)	(15)	(37)	(44)
Amortization	2	7	6	20
Settlements	0	0	0	0
Defined benefit plan, net (income) cost	(1)	3	(2)	9
United Kingdom Foreign Pension Plans Defined Benefit [Member]
Pension Plan [Line Items]
Service cost	0	0	0	0
Interest cost on projected benefit obligations	52	46	157	140
Expected return on plan assets	(86)	(77)	(259)	(233)
Amortization	0	0	0	0
Settlements	0	0	0	0
Defined benefit plan, net (income) cost	(34)	(31)	(102)	(93)
Rest Of World Foreign Pension Plans Defined Benefit [Member]
Pension Plan [Line Items]
Service cost	6	6	17	17
Interest cost on projected benefit obligations	10	9	28	27
Expected return on plan assets	(6)	(5)	(15)	(15)
Amortization	3	4	9	14
Settlements	0	(1)	0	(1)
Defined benefit plan, net (income) cost	$ 13	$ 13	$ 39	$ 42

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Consolidated Statements of Earnings (Unaudited) (USD $) In Millions, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Consolidated Statements of Earnings (Unaudited)
Sales	$ 4,156	$ 4,212	$ 13,191	$ 12,939
Cost of sales	3,681	3,762	11,649	11,531
Gross profit	475	450	1,542	1,408
Administrative and selling expenses	174	151	509	439
Restructuring charges and asset impairments	10	5	36	43
Transaction Costs	13	0	13	0
Other (income) expense - net	(13)	5	2	(1)
Operating income	291	289	982	927
Interest expense - net	25	33	82	97
Loss on retirement of debt - net	0	0	0	5
Equity in earnings of affiliates, net of tax	(12)	(12)	(32)	(35)
Earnings before income taxes	278	268	932	860
Income tax expense	80	62	250	221
Net earnings	198	206	682	639
Less: Net earnings attributable to noncontrolling interest, net of tax	9	9	29	32
Net earnings attributable to TRW	$ 189	$ 197	$ 653	$ 607
Basic earnings per share:
Earnings per share	$ 1.70	$ 1.68	$ 5.85	$ 5.12
Weighted average shares outstanding	111.1	117.0	111.7	118.5
Diluted earnings per share:
Earnings per share	$ 1.61	$ 1.60	$ 5.56	$ 4.88
Weighted average shares outstanding	117.8	124.2	118.3	125.6

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Assets Held-for-Sale - Earnings Before Income Taxes (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Schedule of Earnings beofre Income Taxes, Engine Valve [Line Items]
Earnings (losses) before income taxes	$ 278	$ 268	$ 932	$ 860
Less: Net earnings attributable to noncontrolling interest, net of tax	9	9	29	32
Net earnings attributable to TRW	189	197	653	607
Engine Valve [Member]
Schedule of Earnings beofre Income Taxes, Engine Valve [Line Items]
Earnings (losses) before income taxes	7	7	20	24
Less: Net earnings attributable to noncontrolling interest, net of tax	1	1	3	4
Net earnings attributable to TRW	$ 6	$ 6	$ 17	$ 20

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013
Operating Activities
Net earnings	$ 682	$ 639
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	337	318
Net pension and other postretirement benefits income and contributions	(159)	(175)
Loss on retirement of debt - net	0	5
Asset Impairment Restructuring Charges	12	0
Deferred income taxes	119	110
Other - net	9	27
Changes in assets and liabilities:
Accounts receivable - net	(491)	(792)
Inventories	(151)	(91)
Trade accounts payable	(53)	157
Prepaid expenses and other assets	(133)	(31)
Other liabilities	109	73
Net cash provided by (used in) operating activities	281	240
Investing Activities
Capital expenditures, including other intangible assets	(354)	(411)
Net proceeds from asset sales and divestitures	1	1
Investment in non-consolidated joint venture assets	(6)	0
Net cash provided by (used in) investing activities	(359)	(410)
Financing Activities
Change in short-term debt	79	42
Proceeds from issuance of long-term debt, net of fees	13	484
Redemption of long-term debt	(484)	(121)
Proceeds from exercise of stock options	3	29
Payments for repurchase of capital stock	(400)	(460)
Dividends paid to noncontrolling interest	(3)	(15)
Net cash provided by (used in) financing activities	(792)	(41)
Effect of exchange rate changes on cash	(31)	1
Change In Cash Held For Sale	(13)	0
Increase (decrease) in cash and cash equivalents	(914)	(210)
Cash and cash equivalents at beginning of period	1,729	1,223
Cash and cash equivalents at end of period	$ 815	$ 1,013

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Debt - Total Outstanding Debt (Detail) (USD $) In Millions, unless otherwise specified	Sep. 26, 2014	Dec. 31, 2013
Debt Disclosure [Line Items]
Short-term debt	$ 238	$ 159
Long-term debt:
Exchageable Notes	138	134
Revolving Credit Facility	0	0
Capitalized leases	15	18
Other borrowings	89	90
Total long-term debt	1,487	1,955
Less current portion	35	482
Long-term debt, net of current portion	1,452	1,473
Senior Notes 6.375% Due 2014 [Member]
Long-term debt:
Senior Notes	0	234
Senior Notes 4.50% Due 2021 [Member]
Long-term debt:
Senior Notes	400	400
Senior Notes 7.00% Due 2014 [Member]
Long-term debt:
Senior Notes	0	233
Senior Notes 7.25% Due 2017 [Member]
Long-term debt:
Senior Notes	445	446
Senior Notes 4.45% Due 2023 [Member]
Long-term debt:
Senior Notes	$ 400	$ 400

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Share-Based Compensation (Tables)

9 Months Ended

Sep. 26, 2014

Share-Based Compensation [Abstract]

Share Based Compensation Expense By Type [Table Text Block]

Share-based compensation expense recognized for the Plan was as follows:
		Three Months Ended				Nine Months Ended
		September 26,		September 27,		September 26,		September 27,
		2014		2013		2014		2013
		(Dollars in millions)
Stock options and SSARs		$	3	$	3	$	8	$	9
RSUs			7		6		19		21
Performance Units			1		-		3		-
	Total share-based compensation expense	$	11	$	9	$	30	$	30

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Restructuring Charges and Asset Impairments - Movement of the Restructuring Reserves for Severance and Other Charges (Detail) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013
Restructuring Charges And Asset Impairments [Abstract]
Beginning balance	$ 88	$ 121
Current period accruals, net of changes in estimates	24	40
Accruals Related to Divestitures	(3)	0
Used for purposes intended, restructuring	(49)	(64)
Effects of foreign currency translation and transfers	(6)	3
Ending balance	54	100
Restructuring reserve expected to be paid within one year	$ 21

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Share-Based Compensation

9 Months Ended

Sep. 26, 2014

Share-Based Compensation [Abstract]

Share-Based Compensation

16. Share-Based Compensation

Equity Awards

On February 21, 2014, the Company granted 850,900 SSARs to executive officers and certain employees of the Company pursuant to theTRW Automotive Holdings Corp. 2012 Stock Incentive Plan (the “2012 Plan”). Under the terms of the grant, each SSAR entitles the grantee to receive the appreciation in value of one underlying share of the Company's stock from the grant date fair market value of $82.50 to the fair market value on the exercise date, although the stock price at exercise is limited to a maximum value of $130.00.

On February 21, 2014, the Company also granted 284,723 RSUs to executive officers and certain employees of the Company pursuant to the 2012Plan and3,365PSUs to certain other employees of the Company. Under the terms of the grant, each PSU entitles the grantee to receive a cash payment upon vesting equal to the fair market value on the vesting date of one share of the Company's common stock.

In addition, on February 21, 2014, the Company granted 46,949 Performance Unitsto executive officers. Under the terms of the grant, the number of Performance Units that wouldbe earned would be based on the Company's achievement of total shareholder return (“TSR”) over a three-year period relative to automotive parts companies within the Russell 3000 Index.

On May 13, 2014, the Company granted 14,742 RSUs to independent directors of the Company pursuant to the 2012 Plan.

As of September 26, 2014, the Company had 3,352,143 shares of Common Stock available for issuance under the 2012 Plan. In addition, 231,547 stock options,2,342,149SSARs,690,692nonvested RSUs,12,650 nonvested PSUs and 46,949 nonvested Performance Units were outstanding as of September 26, 2014. Under the terms of the respective grants, all of the SSARs andstock options have an 8-year term and vest ratably over three years, substantially all of the RSUsvest ratably over three years and a majority of the PSUs cliff vest after three years.As a result of changes to retirement provisions in the equity award agreements beginning in 2013,the Company applies a non-substantive vesting period approach for certain of the awards granted in 2014 and 2013 whereby expense is accelerated for those employees who receive awards and are eligible to retire prior to the award vesting.

Share-based compensation expense recognized for the Plan was as follows:
		Three Months Ended				Nine Months Ended
		September 26,		September 27,		September 26,		September 27,
		2014		2013		2014		2013
		(Dollars in millions)
Stock options and SSARs		$	3	$	3	$	8	$	9
RSUs			7		6		19		21
Performance Units			1		-		3		-
	Total share-based compensation expense	$	11	$	9	$	30	$	30

Potential Impactof the ZF Merger on Equity Awards

If consummated, at the effective time of the ZF Merger, (i) all then-outstanding Company stock options, RSUs, PSUs and Performance Units (which will vest at the “maximum level” of performance), whether vested or unvested, will be converted into the right to receive the Merger Consideration, less the exercise price of such awards, if any, and (ii) all then-outstanding Company SSARs, whether vested or unvested, will be converted into the right to receive an amount in cash equal to the excess of the lesser of the Merger Consideration and the “maximum value” of such stock appreciation right over the fair market value per share at the relevant grant date.

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Segment Information (Tables)

9 Months Ended

Sep. 26, 2014

Segment Information [Abstract]

Schedule Of Segment Reporting Information By Segment [Table Text Block]

		Three Months Ended				Nine Months Ended
		September 26,		September 27,		September 26,		September 27,
		2014		2013		2014		2013
		(Dollars in millions)
Sales to external customers:
	Chassis Systems	$	2,684	$	2,802	$	8,509	$	8,512
	Occupant Safety Systems		787		785		2,557		2,485
	Electronics		233		172		693		518
	Automotive Components		452		453		1,432		1,424
Total sales to external customers		$	4,156	$	4,212	$	13,191	$	12,939
Intersegment sales:
	Chassis Systems	$	5	$	4	$	12	$	12
	Occupant Safety Systems		37		32		112		98
	Electronics		168		134		461		406
	Automotive Components		18		18		56		55
Total intersegment sales		$	228	$	188	$	641	$	571
Total segment sales:
	Chassis Systems	$	2,689	$	2,806	$	8,521	$	8,524
	Occupant Safety Systems		824		817		2,669		2,583
	Electronics		401		306		1,154		924
	Automotive Components		470		471		1,488		1,479
Total segment sales		$	4,384	$	4,400	$	13,832	$	13,510
Earnings before taxes:
	Chassis Systems	$	213	$	188	$	648	$	600
	Occupant Safety Systems		62		63		216		175
	Electronics		34		28		106		86
	Automotive Components		32		31		114		119
Segment earnings before taxes			341		310		1,084		980
Corporate expense and other			(47)		(18)		(99)		(50)
Financing costs			(25)		(33)		(82)		(97)
Loss on retirement of debt — net			-		-		-		(5)
Net earnings attributable to noncontrolling interest, net of tax			9		9		29		32
	Earnings before income taxes	$	278	$	268	$	932	$	860
See Note 13 for a summary of restructuring charges and asset impairments by segment.

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Segment Information

9 Months Ended

Sep. 26, 2014

Segment Information [Abstract]

Segment Information

18.Segment Information

The following tables present certain financial information by segment:

		Three Months Ended				Nine Months Ended
		September 26,		September 27,		September 26,		September 27,
		2014		2013		2014		2013
		(Dollars in millions)
Sales to external customers:
	Chassis Systems	$	2,684	$	2,802	$	8,509	$	8,512
	Occupant Safety Systems		787		785		2,557		2,485
	Electronics		233		172		693		518
	Automotive Components		452		453		1,432		1,424
Total sales to external customers		$	4,156	$	4,212	$	13,191	$	12,939
Intersegment sales:
	Chassis Systems	$	5	$	4	$	12	$	12
	Occupant Safety Systems		37		32		112		98
	Electronics		168		134		461		406
	Automotive Components		18		18		56		55
Total intersegment sales		$	228	$	188	$	641	$	571
Total segment sales:
	Chassis Systems	$	2,689	$	2,806	$	8,521	$	8,524
	Occupant Safety Systems		824		817		2,669		2,583
	Electronics		401		306		1,154		924
	Automotive Components		470		471		1,488		1,479
Total segment sales		$	4,384	$	4,400	$	13,832	$	13,510
Earnings before taxes:
	Chassis Systems	$	213	$	188	$	648	$	600
	Occupant Safety Systems		62		63		216		175
	Electronics		34		28		106		86
	Automotive Components		32		31		114		119
Segment earnings before taxes			341		310		1,084		980
Corporate expense and other			(47)		(18)		(99)		(50)
Financing costs			(25)		(33)		(82)		(97)
Loss on retirement of debt — net			-		-		-		(5)
Net earnings attributable to noncontrolling interest, net of tax			9		9		29		32
	Earnings before income taxes	$	278	$	268	$	932	$	860
See Note 13 for a summary of restructuring charges and asset impairments by segment.

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Share-Based Compensation (Detail) (USD $)	0 Months Ended		9 Months Ended
	May 13, 2014	Feb. 21, 2014	Sep. 26, 2014
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Common stock available for issuance under the Plan			3,352,143
Stock-Settled Stock Appreciation Rights [Member]
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Equity instruments other than options granted		850,900
Equity instruments other than options grant date fair market value		$ 82.50
Maximum Value at Exercise		$ 130.00
Equity instruments other than options outstanding			2,342,149
Contractual term			8 years
Vesting period			3 years
Restricted Stock Units [Member]
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Equity instruments other than options granted	14,742	284,723
Equity instruments other than options outstanding			690,692
Vesting period			3 years
Phantom Stock Units [Member]
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Equity instruments other than options granted		3,365
Equity instruments other than options outstanding			12,650
Vesting period			3 years
Stock Options [Member]
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Contractual term			8 years
Vesting period			3 years
Options outstanding			231,547
Performance Units [Member]
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Equity instruments other than options granted		46,949
Equity instruments other than options outstanding			46,949

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Description of Business

9 Months Ended

Sep. 26, 2014

Description of Business [Abstract]

Description of Business

1. Description of Business

TRW Automotive Holdings Corp. (also referred to herein as the “Company”) is among the world's largest and most diversified suppliers of automotive systems, modules and components to global automotive original equipment manufacturers (“OEMs”) and related aftermarkets. The Company conducts substantially all of its operations through subsidiaries. These operations primarily encompass the design, manufacture and sale of active and passive safety related products and systems. Active safety related products and systems principally refer to vehicle dynamic controls (primarily braking and steering), and passive safety related products and systems principally refer to occupant restraints (primarily airbags and seat belts) and safety electronics (primarily electronic control units and crash and occupant weight sensors). The Company is primarily a “Tier 1” supplier (a supplier that sells to OEMs). In 2013, approximately 83% of the Company's end-customer sales were to major OEMs.

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Consolidated Statements of Comprehensive Earnings (Unaudited) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Consolidated Statements of Comprehensive Earnings (Unaudited)
Net earnings	$ 198	$ 206	$ 682	$ 639
Other comprehensive earnings (losses):
Foreign currency translation	(153)	70	(120)	(47)
Retirement obligations, net of tax	15	(5)	14	(23)
Deferred cash flow hedges, net of tax	7	16	31	(10)
Total other comprehensive earnings (losses)	(131)	81	(75)	(80)
Comprehensive earnings	67	287	607	559
Less: Comprehensive earnings attributable to noncontrolling interest	8	12	24	35
Comprehensive earnings attributable to TRW	$ 59	$ 275	$ 583	$ 524

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Fair Value Measurements and Financial Instruments

9 Months Ended

Sep. 26, 2014

Fair Value Disclosures [Abstract]

Fair Value Measurements and Financial Instruments [Text Block]

11. Fair Value Measurements and Financial Instruments

The inputs to valuation techniques used to measure fair value are prioritized into a three-level hierarchy. This hierarchy gives the highest priority to quoted prices in active markets for identical assets and liabilities and lowest priority to unobservable inputs, as follows:

       Level 1. Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company can access at the measurement date.

       Level 2.Inputs are other than quoted prices that are observable for the asset or liability, either directly or indirectly.

       Level 3. Unobservable inputs are supported by little or no market activity. The unobservable inputs represent the Company's best assumptions of how market participants would price the assets or liabilities.

Items Measured at Fair Value on a Recurring Basis

The fair value measurements for assets and liabilities recognized in the Company's condensed consolidated balance sheets are as follows:

	As of
	September 26, 2014		December 31, 2013		Measurement Approach
	(Dollars in millions)
Foreign currency exchange contracts — current assets	$	16	$	6	Level 2
Foreign currency exchange contracts — noncurrent assets		13		-	Level 2
Foreign currency exchange contracts — current liability		3		5	Level 2
Foreign currency exchange contracts — noncurrent liability		2		9	Level 2

The Company's foreign currency exchange contracts are recorded at fair value derived principally from or corroborated by observable market data under the market approach. Inputs include quoted prices for similar assets and liabilities (risk adjusted), and market-corroborated inputs, such as market comparables, interest rates, yield curves and other items that allow value to be determined. The Company uses quoted currency forward rates to calculate forward values, and then discounts the forward values. In addition, the Company's calculation of the fair value of its foreign currency option contracts uses quoted currency volatilities.

The discount rates for all derivative contracts are based on quoted bank deposit rates. For contracts which, when aggregated by counterparty, are in a liability position, the rates are adjusted by the credit spread which market participants would apply if buying these contracts from the Company's counterparties.

There were no changes in the Company's valuation techniques during the nine months endedSeptember 26, 2014.

Items Measured at Fair Value on a Nonrecurring Basis

In addition to items that are measured at fair value on a recurring basis,we also have assets that may be measured at fair value on a nonrecurring basis. These assets include long-lived assets, intangible assets and investments in affiliates, which may be written down to fair value as a result of impairment.

The Company has determined that the fair value measurements related to each of these assets rely primarily on Company-specific inputs and the Company's assumptions about the use of the assets, as observable inputs are not available. As such, the Company has determined that each of these fair value measurements reside within Level 3 of the fair value hierarchy. To determine the fair value of long-lived assets, the Company utilizes the projected cash flows expected to be generated by the long-lived assets, then discounts the future cash flows over the useful life of the long-lived assets by using a risk-adjusted rate for the Company. For the nine months endedSeptember 26, 2014, the Company recorded asset impairments of $12million associated with its determination of the fair value of its long-lived assets that exhibited indicators of impairment (see Note 13).

Financial Instruments Not Carried at Fair Value

       The carrying value and estimated fair value of financial instruments that are not carried on the Company's balance sheet at fair value are as follows:

	As of
	September 26, 2014				December 31, 2013
		Carrying	Fair		Carrying			Fair	Measurement
		Value	Value		Value			Value	Approach
	(Dollars in millions)
Short-term debt, fixed and floating rate	$	238	$	238	$	159	$	159	Level 2
Fixed rate long-term debt	$	1,349	$	1,442	$	1,821	$	1,884	Level 2
Fixed rate exchangeable notes	$	138	$	502	$	134	$	375	Level 2

The carrying value of short-term debt approximates fair value because of the short term nature of these instruments. The fair value of long term debt was determined primarily from quoted market prices, as provided by participants in the secondary marketplace. For long-term debt without a quoted market price, the Company estimates the fair value using discounted cash flow models with market based borrowing rates for similar types of arrangements.

Derivative Instruments and Hedging Activities

The Company is exposed to fluctuations in foreign currency exchange rates, interest rates and commodity prices. The Company enters into derivative instruments primarily to hedge portions of its forecasted foreign currency denominated cash flows and designates these derivative instruments as cash flow hedges in order to qualify for hedge accounting. Certain foreign exchange contracts that do not qualify for hedge accounting are entered into to hedge recognized foreign currency transactions. All gains or losses on derivative instruments which are not designated for hedge accounting treatment or do not qualify for hedge accounting, or result from hedge ineffectiveness, are reported in earnings immediately.

In addition, the Company is exposed to credit loss in the event of nonperformance by the counterparty to the derivative financial instruments. The Company attempts to limit this exposure by entering into agreements directly with a number of major financial institutions that meet the Company's credit standards and that are expected to fully satisfy their obligations under the contracts, and by monitoring the Company's credit exposure to each counterparty in light of its current credit quality.

As of September 26, 2014, the Company had a notional value of $2.8 billion in foreign exchange contracts outstanding. These foreign exchange contracts mature at various dates through September 2017.

Cash Flow Hedges. For any derivative instrument that is designated and qualifies as a cash flow hedge, the effective portion of the gain or loss on the derivative is reported as a component of Other Comprehensive Income (“OCI”), and is subsequently reclassified into earnings in the period which the hedged transaction affects earnings. The earnings impact is reported either in sales, cost of sales, or other (income) expense ‒ net, to match the underlying transaction. Gains and losses on the derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness, which were immaterial for each of the three and nine months endedSeptember 26, 2014 and September 27, 2013, are recognized in other (income) expense‒net.

The effective portion of gains and losses on derivatives designated as cash flow hedges and recognized in OCI was a gain of $8 million and $33 million for the three and nine months ended September 26, 2014, respectively, compared to a gain of $22 million and a loss of $11 million for the three and nine months ended September 27, 2013, respectively, all of which were related to foreign currency exchange contracts.

The effective portion of gains and losses on cash flow hedges reclassified from OCI into the statement of earnings for the three and nine months ended September 26, 2014 was a gain of $1 million and a loss of $4 million, respectively, and was included in various line items on the statement of earnings, compared to a de minimisamount and a gain of $1 million, respectively, for the three and nine months ended September 27, 2013.

Gains and losses reclassified into earnings include the discontinuance of cash flow hedges, which were immaterial for each of the three and nine months ended September 26, 2014and September 27, 2013. Approximately $9 million of gains, net of tax, which are included in OCI, are expected to be reclassified into earnings in the next twelve months.

Undesignated Derivatives. For the three and nine months ended September 26, 2014, the Company recognized gains of $13 million and $16 million, respectively, in other (income) expense ‒ net, for derivative instruments not designated as hedging instruments. For the three and nine months ended September 27, 2013, the Company recognized losses of a de minimis amountand $3 million, respectively, in other (income) expense ‒net, for derivative instruments not designated as hedging instruments.

Credit-Risk-Related Contingent Features. The Company has entered into International Swaps and Derivatives Association (“ISDA”) agreements with each of its significant derivative counterparties. These agreements provide bilateral netting and offsetting of accounts that are in a liability position with those that are in an asset position. These agreements do not require the Company to maintain a minimum credit rating in order to be in compliance with the terms of the agreements and do not contain any margin call provisions or collateral requirements that could be triggered by derivative instruments in a net liability position. These agreements provide for an additional termination event if theCompany's Eighth Amended and Restated Credit Agreement dated September 28, 2012 (the “Eighth Credit Agreement”) is terminated or a change of control occurs under the Eighth Credit Agreement. The ZF Merger, if consummated, is expected to cause an additional termination event under these agreements. The occurrence of an additional termination event would allow the Company and each of the counterparties to request cancellation and settlement of the mark-to-market position for any outstanding derivative contracts, regardless of the maturity date of the contract.

Offsetting of Derivative Assets and Liabilities
	The following table reflects the offsetting of derivative assets and liabilities:
		As of September 26, 2014						As of December 31, 2013
		Gross Amounts Recognized		Gross Amounts Offset		Net Amounts Reported		Gross Amounts Recognized		Gross Amounts Offset		Net Amounts Reported
			(Dollars in millions)
Derivative Assets:
	Foreign Currency	$	58	$	(29)	$	29	$	42	$	(36)	$	6
Derivative Liabilities:
	Foreign Currency		34		(29)		5		50		(36)		14

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Document and Entity Information	9 Months Ended
	Sep. 26, 2014	Oct. 22, 2014
Document And Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Sep. 26, 2014
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0001267097
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Registrant Name	TRW Automotive Holdings Corp.
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	Yes
Entity Common Stock, Shares Outstanding		110,629,393
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q3

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Debt

9 Months Ended

Sep. 26, 2014

Debt [Abstract]

Debt

12. Debt
Total outstanding debt of the Company consisted of the following:
			As of
			September 26,		December 31,
			2014		2013
			(Dollars in millions)
	Short-term debt		$	238	$	159
	Long-term debt:
	6.375% Senior Notes, due 2014		$	-	$	234
	7.00% Senior Notes, due 2014			-		233
	7.25% Senior Notes, due 2017			445		446
	4.50% Senior Notes, due 2021			400		400
	4.45% Senior Notes, due 2023			400		400
	Exchangeable senior notes, due 2015			138		134
	Revolving credit facility			-		-
	Capitalized leases			15		18
	Other long-term borrowings			89		90
		Total long-term debt		1,487		1,955
	Less current portion			35		482
		Long-term debt, net of current portion	$	1,452	$	1,473

Senior Notes

4.45% Senior Notes.In November 2013, the Company issued $400 million in aggregate principal amount of 4.45% senior unsecured notes due 2023 in a private placement. Interest is payable semi-annually on December 1 and June 1 of each year.

4.50% Senior Notes.In February 2013, the Company issued $400 million in aggregate principal amount of 4.50% senior unsecured notes due 2021 in a private placement. Interest is payable semi-annually on March 1 and September 1 of each year.

7.25% Senior Notes.In March 2007, the Company issued $600 million in aggregate principal amount of 7.25% senior unsecured notes due 2017 in a private placement. Interest is payable semi-annually on March 15 and September 15 of each year.

6.375% Senior Notes and 7.00% Senior Notes Issued in 2007.On March 15, 2014, the 6.375% SeniorNotes and 7.00% Senior Notes matured and the Company paid the principal amounts outstanding of €170 million and $233 million, respectively.

Exchangeable Senior Notes

In November 2009, the Company issued approximately $259 million in aggregate principal amount of 3.50% exchangeable senior unsecured notes due 2015 (the “Exchangeable Senior Notes”) in a private placement. Prior to September 1, 2015, the notes are exchangeable only upon specified events or conditions being met and, thereafter, at any time. One condition was met as of September 26, 2014, and as such, the notes are exchangeable in the fourthquarter of 2014. They will remain exchangeable in subsequent quarters if the condition continues to be met, which occurs if the last reported sale price of the Company's common stock for at least 20 of the last 30 trading days of the immediately preceding quarter is greater than $38.415, subject to adjustment. The initial exchange rate is 33.8392 shares of the Company's common stock per $1,000 principal amount of notes. The Company's exchange obligation may be settled, at its option, in shares of its stock, cash or a combination of cash and shares of its stock. Interest is payable on June 1 and December 1 of each year. The Exchangeable Senior Notes will mature on December 1, 2015, unless earlier exchanged, repurchased by the Company at the holder's option upon a fundamental change, or optionally redeemed by the Company as provided in the indenture.

The Exchangeable Senior Notes were recorded with a debt discount which decreased debt and increased paid-in-capital in order to separate the liability and embedded equity components. The debt component will accrete up to the principal amount to effectively yield 9.0% over the term of the debt. The debt discount as of September 26, 2014 and December 31, 2013 was $9 million and $14 million, respectively. The total interest expense recognized for the three and nine months ended September 26, 2014 was approximately $3 million and $9 million, respectively, including $1 million and $4 million in each respective period relating to the stated coupon rate. The total interest expense recognized for the three and nine months ended September 27, 2013 was approximately $3 million and $10 million, respectively, including $2 million and $5 million in each respective period relating to the stated coupon rate.

In the third quarter of 2014, Exchangeable Senior Notes in principal amount of approximately $1 million were exchanged for approximately 34,000 shares of common stock. A de minimis loss on retirement of debt was recorded relating to the write-off of a portion of debt issue costs and the debt discount, as well as a reduction of $2 million to paid-in-capital relating to the repurchase of the conversion feature of the Exchangeable Senior Notes. The repurchased notes were retired upon settlement.

Senior Credit Facilities

The Eighth Credit Agreementprovides for senior credit facilities consisting of (i) a revolving credit facility in the amount of $1.4 billion which matures in September 2017, subject to certain liquidity conditions being met in October 2016 (the “Revolving Credit Facility”), and (ii) additional availability which may be used in the future for one or more term loans or additional revolving facilities (together with the Revolving Credit Facility, the “Facilities”). All of the Facilities were undrawn as of September 26, 2014.

The commitment fee and the applicable margin for borrowing on the Revolving Credit Facility are subject to a ratings-based grid. The applicable margin in effect as of September 26, 2014was0.25% with respect to base rate borrowings,1.25% with respect to eurocurrency borrowings, and the commitment fee on the undrawn amounts under the Revolving Credit Facility was 0.25%.

Other Borrowings

The Company has borrowings under uncommitted credit agreements in several of the countries in which it operates. The borrowings are from various individual banks at quoted market interest rates. As of September 26, 2014, the Company had short-term borrowings under uncommitted credit facilities totaling $232 million.

Debt Repurchases

As market conditions warrant, the Company may from time to time repurchase debt securities,including exchangeable debt securities, issued by the Company or its subsidiaries, in privately negotiated or open market transactions, by tender offer, exchange offer, or by other means, or the Company may optionally redeem such debt securities.

Debt Covenants Potentially Impacted by the ZF Merger

The ZF Merger, if consummated, isexpected to cause a change of control triggering event as defined in the Company's respective Senior Note indenturesand a fundamental changeas defined in the Exchangeable Senior Note indenture. In general, upon the occurrence of a change of control triggering event under the Senior Note indentures,the Company is required to offer to repurchase the Senior Notes,for a certain period of time, at a price of 101% of par, plus accrued and unpaid interest. Upon the occurrence of a fundamental change under the Exchangeable Senior Note indenture,the Company is required to offer to repurchase the Exchangeable Senior Notes, for a certain period of time, at a price of 100% of par, plus accrued and unpaid interest. Additionally, assuming the ZF Merger is consummated, the Company anticipates terminating the Eighth Credit Agreement.

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Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Millions, unless otherwise specified	Sep. 26, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 815	$ 1,729
Accounts receivable - net	2,841	2,478
Inventories	1,079	1,019
Prepaid expenses and other current assets	459	402
Assets held-for-sale	261	0
Total current assets	5,455	5,628
Property, plant and equipment - net of accumulated depreciation of $4,151 and $4,420, respectively	2,489	2,718
Goodwill	1,753	1,760
Intangible Assets Net Excluding Goodwill	288	292
Pension assets	1,175	1,059
Other assets	826	795
Total assets	11,986	12,252
Current liabilities:
Short-term debt	238	159
Current portion of long-term debt	35	482
Trade accounts payable	2,426	2,597
Accrued compensation	275	285
Other current liabilities	1,251	1,232
Liabilities related to assets held-for-sale	100	0
Total current liabilities	4,325	4,755
Long-term debt	1,452	1,473
Postretirement benefits other than pensions	362	375
Pension benefits	576	676
Other long-term liabilities	682	577
Total liabilities	7,397	7,856
Stockholders' equity:
Capital stock	1	1
Paid-in-capital	1,705	1,715
Retained earnings	3,110	2,858
Accumulated other comprehensive earnings (losses)	(450)	(380)
Total TRW stockholders' equity	4,366	4,194
Noncontrolling interest	223	202
Total equity	4,589	4,396
Total liabilities and equity	$ 11,986	$ 12,252

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Investment in Joint Venture Affiliate

9 Months Ended

Sep. 26, 2014

Investment in Joint Venture Affiliate [Abtract]

Investment in Joint Venture Affiliate [Text Block]

6. Investment in Joint Venture Affiliate

In the second quarter of 2014, the Company made an initial equity contribution of $6 million in a newly-formed joint venture of which the Company owns a 30% share.  This joint venture will construct and operate a casting foundry in order to eventually supply castings to the Company's North American Braking operations through a long-term supply arrangement.

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Inventories

9 Months Ended

Sep. 26, 2014

Inventories [Abstract]

Inventories

5. Inventories
	The major classes of inventory are as follows:
			As of
			September 26,		December 31,
			2014		2013
			(Dollars in millions)
	Finished products and work in process		$	522	$	499
	Raw materials and supplies			557		520
		Total inventories	$	1,079	$	1,019

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Contingencies

9 Months Ended

Sep. 26, 2014

Contingencies [Abstract]

Contingencies

17. Contingencies

Various claims, lawsuits and administrative proceedings are pending or threatened against the Company or its subsidiaries, covering a wide range of matters that arise in the ordinary course of the Company's business activities with respect to commercial, patent, product liability, environmental and occupational safety and health law matters. In addition, the Company and its subsidiaries are conducting a number of environmental investigations and remedial actions at current and former locations of certain of the Company's subsidiaries. Along with other companies, certain subsidiaries of the Company have been named potentially responsible parties for certain waste management sites. Each of these matters is subject to various uncertainties, and some of these matters may be resolved unfavorably with respect to the Company or the relevant subsidiary. A reserve estimate for each environmental matter is established using standard engineering cost estimating techniques on an undiscounted basis. In the determination of such costs, consideration is given to the professional judgment of Company environmental engineers, in consultation with outside environmental specialists, when necessary. At multi-party sites, the reserve estimate also reflects the expected allocation of total project costs among the various potentially responsible parties.

As of September 26, 2014, the Company had reserves for environmental matters of $77 million. In addition, the Company has established a receivable for a portion of this environmental liability as a result of its right to indemnification for 50% of any environmental liabilities associated with the operation or ownership of the Company's automotive business existing at or prior to March 2003. The Company believes any liability, in excess of amounts accrued in its financial statements, that may result from the resolution of environmental matters for which sufficient information is available to support these cost estimates, will not have a material adverse effect on the Company's financial position, results of operations or cash flows.

The Company faces an inherent business risk of exposure to product liability, recall and warranty claims in the event that its products actually or allegedly fail to perform as expected or the use of its products results, or is alleged to result, in bodily injury and/or property damage. Accordingly, the Company could experience material warranty, recall or product liability losses in the future. For further information, including quantification of the Company's product warranty liability, see the description of “Warranties” in Note 3.

While certain of the Company's subsidiaries have been subject in recent years to asbestos-related claims, management believes that such claims will not have a material adverse effect on the Company's financial statements. In general, these claims seek damages for illnesses alleged to have resulted from exposure to asbestos used in certain components sold in the past by the Company's subsidiaries. Management believes that the majority of the claimants were vehicle mechanics. The vast majority of these claims name as defendants numerous manufacturers and suppliers of a variety of products allegedly containing asbestos. Management believes that, to the extent any of the products sold by the Company's subsidiaries and at issue in these cases contained asbestos, the asbestos was encapsulated. Based upon several years of experience with such claims, management believes that only a small proportion of the claimants has or will ever develop any asbestos-related illness.

Neither settlement costs in connection with asbestos claims nor annual legal fees to defend these claims have been material in the past. These claims are strongly disputed by the Company and it has been its policy to defend against them aggressively. Many of these cases have been dismissed without any payment whatsoever. Moreover, there is significant insurance coverage with solvent carriers with respect to these claims. However, while costs to defend and settle these claims in the past have not been material, there can be no assurances that this will remain so in the future.

Management believes that the ultimate resolution of the foregoing contingencies will not have a material effect on the Company's financial statements as a whole.

Antitrust Matters

Antitrust authorities, including those in the United States and Europe, are investigating possible violations of competition (antitrust) laws by automotive parts suppliers (referred to herein as the “Antitrust Investigations”). The U.S. Department of Justice (“DOJ”) initiated an investigation into the Company's Occupant Safety Systems business in June 2011, whichwas concluded in 2012 when the court approved a plea agreement between one of the Company's German subsidiaries and the DOJ. Also in June 2011, the European Commission initiated an Antitrust Investigation which includes the Company, among others, and which is ongoing. While the duration and outcome of the European Commission's investigation is uncertain, a determination that the Company has violated European competition (antitrust) laws could result in significant penalties which could have a material adverse effect on its financial condition, results of operations and cash flows, as well as its reputation. While the Company cannot estimate the ultimate financial impact resulting from the European investigation, it will continue to evaluate developments in this matter on a regular basis and will record an accrual as and when appropriate.

The Company's policy is to comply with all laws and regulations, including all antitrust and competition laws. The Company is cooperating fully with the competition authorities in the context of their ongoing investigations.

The Company hassettled, for an amount that is immaterial to the Company, certain purported class action lawsuits filed on behalf of vehicle purchasers, lessors and dealers, alleging that the Company and certain of its competitors conspired to fix and raise prices for Occupant Safety Systems products. These lawsuits were filed on various dates from June 2012 through July 2013 and were consolidated in the United States District Court for the Eastern District of Michigan. Once the court approves the settlements, those cases will be dismissed. The Company has also settled, for an amount that is immaterial to the Company, similar cases filed in various courts in Canada on behalf of vehicle purchasers, lessors, dealers and direct purchasers. Class action lawsuits filed against the Company on various dates from June 2012 through May 2014 in the United States District Court for the Eastern District of Michigan on behalf of direct purchasers remain pending, which the Company intends to vigorously defend. Management believes that the ultimate resolution of those cases will not have a material adverse effect on the Company's financial condition, results of operations or cash flows.

Transaction Litigation

Following the announcement of the execution of the Merger Agreement on September 15, 2014, seven purported stockholders of the Company initiated legal actions challenging the merger.  On September 19, 2014, purported stockholder New Jersey Laborers Pension Fund filed a putative class action complaint in the Oakland County Circuit Court in the State of Michigan against the Company, ZF, ZNA, Merger Sub, and the members of the Company's board of directors (the “Company Board”), in an action styled New Jersey Laborers Pension Fund vs. TRW Automotive Holdings Corp., et al., No. 2014-143032-CB.  On September 26, 2014, purported stockholder Joseph Bidwell filed a putative class action complaint in the Wayne County Circuit Court in the State of Michigan against the Company, ZF, ZNA, Merger Sub, and the members of the Company Board, in an action styled Bidwell vs. TRW Automotive Holdings Corp., et al., No. 14-012463-CB.  On October 3, 2014, purported stockholder Daniel Fumia filed a putative class action complaint in Wayne County Circuit Court in the State of Michigan against the Company, ZF, ZNA, Merger Sub, and the members of the Company Board, in an action styled Daniel Fumia v. James F. Albaugh, Francois J. Castaing, Robert L. Friedman, Michael R. Gambrell, J. Michael Losh, David W. Meline, Jody G. Miller, MSNA, Inc., John C. Plant, Neil P. Simpkins, David S. Taylor, TRW Automotive Holdings Corp., ZF Friedrichshafen AG, ZF North America, Inc., No. 14-012818-CB. On October 6, 2014, purported stockholder Alan Abramson filed a putative class action complaint in the Court of Chancery of the State of Delaware against the Company, the members of the Company Board, ZF and Merger Sub, in an action styled Abramson vs. TRW Automotive Holdings Corp., et al., No. 10203-VCL. On October 15, 2014, purported stockholder Zhao Nie filed a putative class action complaint in the Court of Chancery of the State of Delaware against the Company, ZF, ZNA, Merger Sub and the Company Board in an action styled Nie vs. TRW Automotive Holdings Corp., et al., No. 10236-VCL. On October 21, 2014, purported stockholder Luther Berry and purported stockholder I.U.O.E. Local 132 Health and Welfare Fund each filed a putative class action complaint in the Court of Chancery of the State of Delaware against the Company, the members of the Company Board, ZF and Merger Sub, in actions styled Berry vs. TRW Automotive Holdings Corp., et al., No. 10264-VCL and I.U.O.E. Local 132 Health and Welfare Fund vs. TRW Automotive Holdings Corp., et al., No. 10265-VCL, respectively.The complaints include claims for breach of fiduciary duty against the individual directors, alleging that the directors violated the duties of loyalty, good faith and due care owed to the Company's stockholders. The complaints also include claims for aiding and abetting breaches of fiduciary duty. The plaintiffs seek, among other forms of relief, an order enjoining the transaction, rescinding the Merger Agreement to the extent it has already been implemented, and awarding attorneys' fees and costs.

Although it is not possible to predict the outcome of these litigation matters with certainty, the Company and the Company Board believe that the claims raised in these complaints are without merit and intend to defend their position in these matters vigorously.  The lawsuits are in their early stages. Management believes that the ultimate resolution of the foregoing legal actions will not have a material effect on the Company's financial statements as a whole.

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Restructuring Charges and Asset Impairments

9 Months Ended

Sep. 26, 2014

Restructuring Charges And Asset Impairments [Abstract]

Restructuring Charges and Asset Impairments

13. Restructuring Charges and Asset Impairments

Restructuring charges and asset impairments incurred as part of the Company's ongoing effort to better align the Company's cost structure with global automotive market conditions, primarily in the European and North American automotive markets, include the following:

				Occupant
		Chassis		Safety				Automotive
		Systems		Systems		Electronics		Components
		Segment		Segment		Segment		Segment		Corporate		Total
		(Dollars in millions)
For the three months ended September 26, 2014:
	Severance and other charges - net	$	2	$	6	$	-	$	2	$	-	$	10
	Total restructuring charges and asset impairments	$	2	$	6	$	-	$	2	$	-	$	10
For the three months ended September 27, 2013:
	Severance and other charges	$	-	$	2	$	-	$	-	$	-	$	2
	Other asset impairments		3		-		-		-		-		3
	Total restructuring charges and asset impairments	$	3	$	2	$	-	$	-	$	-	$	5
For the nine months ended September 26, 2014:
	Severance and other charges - net	$	12	$	8	$	-	$	4	$	-	$	24
	Asset impairments related to restructuring activities		12		-		-		-		-		12
	Total restructuring charges and asset impairments	$	24	$	8	$	-	$	4	$	-	$	36
For the nine months ended September 27, 2013:
	Severance and other charges	$	17	$	29	$	-	$	(6)	$	-	$	40
	Other asset impairments		3		-		-		-		-		3
	Total restructuring charges and asset impairments	$	20	$	29	$	-	$	(6)	$	-	$	43

Restructuring Reserves
The following table illustrates the movement of the restructuring reserves for severance and other charges, including reserves related to severance-related postemployment benefits for both periods presented:
			Nine Months Ended
			September 26,		September 27,
			2014		2013
			(Dollars in millions)
	Beginning balance		$	88	$	121
		Current period accruals, net of changes in estimates		24		40
		Accruals related to divestitures		(3)		-
		Used for purposes intended		(49)		(64)
		Effects of foreign currency translation		(6)		3
	Ending balance		$	54	$	100

Of the $54 million restructuring reserves as of September 26, 2014, approximately $21 million is expected to be paid in the remainder of 2014. The remaining balance is expected to be paid in 2015 to 2016 and is comprised primarily of involuntary employee termination arrangements in Europe.

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Income Taxes

9 Months Ended

Sep. 26, 2014

Income Taxes [Abstract]

Income Taxes

9. Income Taxes

The Company adjusts its effective tax rate each quarter to be consistent with the estimated annual effective tax rate and records the tax impact of unusual or infrequently occurring items, including changes in judgment about valuation allowances and effects of changes in tax laws or rates, in the interim period in which they occur.

Income tax expense for the three months ended September 26, 2014 was $80 million on pre-tax earnings of $278 million, and income tax expense for the nine months ended September 26, 2014 was $250million on pre-tax earnings of $932 million. Income tax expense for the three months ended September 27, 2013 was $62 million on pre-tax earnings of $268 million, and income tax expense for the nine months ended September 27, 2013 was $221 million on pre-tax earnings of $860 million. Income tax expense for the nine month period ended September 26, 2014 includes a $6 million net tax benefit related to a favorable ruling and the resolution of various tax matters in foreign jurisdictions. Income tax expense for both the three and nine months ended September 27, 2013 includes a tax benefit of $18 million relating to the enactment of tax legislation and reduction in corporate income tax rates in the United Kingdom.Income tax expense for the nine months ended September 27, 2013 also includes a tax benefit of $12 million relating to the enactment of the American Taxpayer Relief Act of 2012 partially offset by a net tax expense of $4 million relating to other matters, resulting in a combined net tax benefit of $26 million for the period. For the periods ended September 26, 2014 and September 27, 2013, the income tax rate varies from the United States statutory income tax rate primarily due to favorable foreign tax rates, holidays, and credits, as well as the effect of the various items noted above.

The Company operates in multiple jurisdictions throughout the world and the income tax returns of several subsidiaries in various tax jurisdictions are currently under examination. Although it is not possible to predict the timing of the conclusions of all ongoing tax audits with accuracy, it is possible that some or all of these examinations will conclude within the next 12 months. It is also reasonably possible that certain statute of limitations may expire relating to various foreign jurisdictions within the next 12 months. As such, it is possible that a change in the Company's gross unrecognized tax benefits may occur; however, it is not possible to reasonably estimate the potential change in gross unrecognized tax benefits.

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Debt - Senior Notes (Detail) In Millions, unless otherwise specified	9 Months Ended
	Sep. 26, 2014 Senior Notes 7.00% Due 2014 [Member] USD ($)	Sep. 26, 2014 Senior Notes 6.375% Due 2014 [Member] EUR (€)	Mar. 31, 2007 Senior Notes 7.25% Due 2017 [Member] USD ($)	Feb. 28, 2013 Senior Notes 4.50% Due 2021 [Member] USD ($)	Nov. 30, 2013 Senior Notes 4.45% Due 2023 [Member] USD ($)	Sep. 26, 2014 Senior Notes [Member]
Debt Disclosure [Line Items]
Face amount			$ 600	$ 400	$ 400
Interest rate			7.25%	4.50%	4.45%
Senior Notes Matured and Repaid	$ 233	€ 170
Debt covenants potential triggering event from ZF, required repurchase price						101.00%

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Goodwill and Intangible Assets

9 Months Ended

Sep. 26, 2014

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

7. Goodwill and Intangible Assets

Goodwill

The changes in goodwill for the period are as follows:

			Occupant
	Chassis		Safety				Automotive
	Systems		Systems		Electronics		Components
	Segment		Segment		Segment		Segment		Total
	(Dollars in millions)
Balance as of December 31, 2013	$	1,071	$	541	$	148	$	-	$	1,760
Effects of foreign currency translation		-		(7)		-		-		(7)
Balance as of September 26, 2014	$	1,071	$	534	$	148	$	-	$	1,753

Intangible assets
	The following table reflects intangible assets and related accumulated amortization:
		As of September 26, 2014						As of December 31, 2013
		Gross				Net		Gross				Net
		Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
		Amount		Amortization		Amount		Amount		Amortization		Amount
			(Dollars in millions)
Definite-lived intangible assets:
	Developed technology and other intangible assets	$	117	$	(93)	$	24	$	119	$	(91)	$	28
Indefinite-lived intangible assets:
	Trademarks		264				264		264				264
Total		$	381			$	288	$	383			$	292

The Company expects that ongoing amortization expense will approximate the following:
		(Dollars in millions)
	Remainder of 2014	$	1
	Fiscal year 2015		3
	2016 and beyond		20
The expected amortization expense for 2016 and beyond primarily relates to land use rights.

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Other (Income) Expense - Net

9 Months Ended

Sep. 26, 2014

Other (Income) Expense - Net [Abstract]

Other (Income) Expense - Net

8. Other (Income) Expense — Net
	The following table provides details of other (income) expense — net:
			Three Months Ended				Nine Months Ended
			September 26,		September 27,		September 26,		September 27,
			2014		2013		2014		2013
			(Dollars in millions)
	Net provision for bad debts		$	-	$	2	$	4	$	4
	Net gains on sales of assets and divestitures			(1)		-		(1)		(1)
	Foreign currency exchange (gains) losses			(4)		13		9		19
	Royalty and grant income			(7)		(7)		(16)		(13)
	Miscellaneous other (income) expense			(1)		(3)		6		(10)
		Other (income) expense — net	$	(13)	$	5	$	2	$	(1)

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Pension Plans and Postretirement Benefits Other Than Pensions

9 Months Ended

Sep. 26, 2014

Pension Plans and Postretirement Benefits Other Than Pensions [Abstract]

Pension Plans and Postretirement Benefits Other Than Pensions

10. Pension Plans and Postretirement Benefits Other Than Pensions
Pension Plans
The following tables provide the components of net pension (income) cost for the Company’s defined benefit pension plans:
	Three Months Ended
	September 26, 2014						September 27, 2013
					Rest of						Rest of
	U.S.		U.K.		World		U.S.		U.K.		World
	(Dollars in millions)
Service cost	$	-	$	-	$	6	$	1	$	-	$	6
Interest cost on projected benefit obligations		9		52		10		10		46		9
Expected return on plan assets		(12)		(86)		(6)		(15)		(77)		(5)
Amortization		2		-		3		7		-		4
Settlement		-		-		-		-		-		(1)
Net pension (income) cost	$	(1)	$	(34)	$	13	$	3	$	(31)	$	13

	Nine Months Ended
	September 26, 2014						September 27, 2013
					Rest of						Rest of
	U.S.		U.K.		World		U.S.		U.K.		World
	(Dollars in millions)
Service cost	$	1	$	-	$	17	$	2	$	-	$	17
Interest cost on projected benefit obligations		28		157		28		31		140		27
Expected return on plan assets		(37)		(259)		(15)		(44)		(233)		(15)
Amortization		6		-		9		20		-		14
Settlement		-		-		-		-		-		(1)
Net pension (income) cost	$	(2)	$	(102)	$	39	$	9	$	(93)	$	42

Postretirement Benefits Other Than Pensions ("OPEB")
The following tables provide the components of net OPEB cost (income) for the Company's plans:
	Three Months Ended
	September 26, 2014				September 27, 2013
			Rest of				Rest of
	U.S.		World		U.S.		World
	(Dollars in millions)
Service cost	$	-	$	-	$	1	$	-
Interest cost on projected benefit obligations		4		1		3		1
Amortization		(2)		(1)		(3)		(1)
Settlement		-		-		(1)		-
Net OPEB cost (income)	$	2	$	-	$	-	$	-

	Nine Months Ended
	September 26, 2014				September 27, 2013
			Rest of				Rest of
	U.S.		World		U.S.		World
	(Dollars in millions)
Service cost	$	-	$	-	$	1	$	-
Interest cost on projected benefit obligations	$	12	$	3	$	10	$	3
Amortization		(7)		(4)		(10)		(3)
Settlement		-		-		(7)		-
Net OPEB cost (income)	$	5	$	(1)	$	(6)	$	-

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Restructuring Charges and Asset Impairments - Additional Information (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Restructuring Cost and Reserve [Line Items]
Severance and other charges	$ 10	$ 2	$ 24	$ 40
Asset impairments related to restructuring activities			12	0
Other asset impairments		3		3
Total restructuring charges and asset impairments	10	5	36	43
Chassis Systems [Member]
Restructuring Cost and Reserve [Line Items]
Severance and other charges	2	0	12	17
Asset impairments related to restructuring activities			12
Other asset impairments		3		3
Total restructuring charges and asset impairments	2	3	24	20
Occupant Safety Systems [Member]
Restructuring Cost and Reserve [Line Items]
Severance and other charges	6	2	8	29
Asset impairments related to restructuring activities			0
Other asset impairments		0		0
Total restructuring charges and asset impairments	6	2	8	29
Automotive Components [Member]
Restructuring Cost and Reserve [Line Items]
Severance and other charges	2	0	4	(6)
Asset impairments related to restructuring activities			0
Other asset impairments		0		0
Total restructuring charges and asset impairments	2	0	4	(6)
Electronics [Member]
Restructuring Cost and Reserve [Line Items]
Severance and other charges	0	0	0	0
Asset impairments related to restructuring activities			0
Other asset impairments		0		0
Total restructuring charges and asset impairments	0	0	0	0
Corporate [Member]
Restructuring Cost and Reserve [Line Items]
Severance and other charges	0	0	0	0
Asset impairments related to restructuring activities			0
Other asset impairments		0		0
Total restructuring charges and asset impairments	$ 0	$ 0	$ 0	$ 0

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Transaction Costs (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Transaction Costs [Abstract]
Transaction Costs	$ 13	$ 0	$ 13	$ 0

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Debt - Other Borrowings (Detail) (USD $) In Millions, unless otherwise specified	Sep. 26, 2014
Debt [Abstract]
Short-term borrowings under uncommited credit agreements	$ 232

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Restructuring Charges and Asset Impairments (Tables)

9 Months Ended

Sep. 26, 2014

Restructuring Charges And Asset Impairments [Abstract]

Schedule Of Restructuring Asset Impairment And Related Costs [Table Text Block]

				Occupant
		Chassis		Safety				Automotive
		Systems		Systems		Electronics		Components
		Segment		Segment		Segment		Segment		Corporate		Total
		(Dollars in millions)
For the three months ended September 26, 2014:
	Severance and other charges - net	$	2	$	6	$	-	$	2	$	-	$	10
	Total restructuring charges and asset impairments	$	2	$	6	$	-	$	2	$	-	$	10
For the three months ended September 27, 2013:
	Severance and other charges	$	-	$	2	$	-	$	-	$	-	$	2
	Other asset impairments		3		-		-		-		-		3
	Total restructuring charges and asset impairments	$	3	$	2	$	-	$	-	$	-	$	5
For the nine months ended September 26, 2014:
	Severance and other charges - net	$	12	$	8	$	-	$	4	$	-	$	24
	Asset impairments related to restructuring activities		12		-		-		-		-		12
	Total restructuring charges and asset impairments	$	24	$	8	$	-	$	4	$	-	$	36
For the nine months ended September 27, 2013:
	Severance and other charges	$	17	$	29	$	-	$	(6)	$	-	$	40
	Other asset impairments		3		-		-		-		-		3
	Total restructuring charges and asset impairments	$	20	$	29	$	-	$	(6)	$	-	$	43

Movement of the Restructuring Reserves for Severance and Other Charges [Table Text Block]

Restructuring Reserves
The following table illustrates the movement of the restructuring reserves for severance and other charges, including reserves related to severance-related postemployment benefits for both periods presented:
			Nine Months Ended
			September 26,		September 27,
			2014		2013
			(Dollars in millions)
	Beginning balance		$	88	$	121
		Current period accruals, net of changes in estimates		24		40
		Accruals related to divestitures		(3)		-
		Used for purposes intended		(49)		(64)
		Effects of foreign currency translation		(6)		3
	Ending balance		$	54	$	100

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Other (Income) Expense - Net (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Other (Income) Expense - Net [Abstract]
Net provision for bad debts	$ 0	$ 2	$ 4	$ 4
Net gain on sales of assets and divestitures	(1)	0	(1)	(1)
Foreign currency exchange (gains) losses	(4)	13	9	19
Royalty and grant income	(7)	(7)	(16)	(13)
Miscellaneous other (income) expense	(1)	(3)	6	(10)
Other (income) expense - net	$ (13)	$ 5	$ 2	$ (1)

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Capital Stock

9 Months Ended

Sep. 26, 2014

Capital Stock [Abstract]

Capital Stock

15. Capital Stock

The Company's authorized capital stock consists of (i) 500 million shares of common stock, par value $.01 per share (the “Common Stock”), of which 110,628,893 shares were issued and outstanding as of September 26, 2014, net of 4,668 shares of treasury stock withheld at cost to satisfy tax obligations for a specific grant under the Company's stock-based compensation plan; and (ii) 250 million shares of preferred stock, par value $.01 per share, including 500,000 shares of Series A junior participating preferred stock, of which no shares are currently issued or outstanding.

From time to time, capital stock is issued in conjunction with the exercise of stock options and stock-settled stock appreciation rights and the vesting of restricted stock units issued as part of the Company's stock incentive plan (see Note 16).

Share Repurchase Programs. The Company has two share repurchase programs in place, consisting of a $2 billion program that extends through December 31, 2016 (the “$2 Billion Program”), and a program that is intended to offset, on an ongoing basis, the dilution created by the Company's stock incentive plan for up to 1.5 million shares in 2014 and each subsequent year (the “Anti-Dilution Program”). The Anti-Dilution program does not have an expiration date. The Company is not obligated to repurchase any shares under either program.

In the first quarter of 2014,the Company entered into an accelerated share repurchase (“ASR”) agreement with a third-party financial institution to repurchase the Company's common stock. Under the ASR agreement, the Company made an up-front payment of $400 million and received an initial delivery of approximately 3.9 million shares in the first quarterof 2014. Upon settlement in the third quarter of 2014, the Company received approximately 0.7 million additional shares, resulting in an overall weightedaverage price per share of $88.08 under the ASR agreement.

Pursuant to the terms of the Merger Agreement with ZF, the Company is restricted from repurchasing additional shares of its common stock under the share repurchase programs without ZF's consent.

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Basis of Presentation (Tables)

9 Months Ended

Sep. 26, 2014

Basis of Presentation [Abstract]

Net Earnings (Losses) Attributable to TRW and the Weighted Average Shares Outstanding [Table Text Block]

Net earnings attributable to TRW and the weighted average shares outstanding used in calculating basic and diluted earnings per share were:
			Three Months Ended				Nine Months Ended
			September 26,		September 27,		September 26,		September 27,
			2014		2013		2014		2013
			(In millions, except per share amounts)
	Net earnings attributable to TRW		$	189	$	197	$	653	$	607
	Interest expense on exchangeable notes, net of tax			-		1		2		3
	Amortization of discount on exchangeable notes, net of tax			1		1		3		3
	Net earnings attributable to TRW for purposes of calculating diluted earnings per share		$	190	$	199	$	658	$	613
	Basic:
		Weighted average shares outstanding		111.1		117.0		111.7		118.5
		Basic earnings per share	$	1.70	$	1.68	$	5.85	$	5.12
	Diluted:
		Weighted average shares outstanding		111.1		117.0		111.7		118.5
		Effect of dilutive stock options, RSUs and SSARs		1.7		1.3		1.6		1.2
		Shares applicable to exchangeable notes		5.0		5.9		5.0		5.9
		Diluted weighted average shares outstanding		117.8		124.2		118.3		125.6
		Diluted earnings per share	$	1.61	$	1.60	$	5.56	$	4.88

Movement in the Product Warranty Liability [Table Text Block]

The following table presents the movement in the product warranty liability for the periods indicated:
	Nine Months Ended
	September 26,		September 27,
	2014		2013
	(Dollars in millions)
Beginning balance	$	152	$	140
Current period accruals, net of changes in estimates		33		44
Accruals related to divestitures		(2)		-
Used for purposes intended		(28)		(30)
Effects of foreign currency translation		(5)		(1)
Ending balance	$	150	$	153

Changes in Equity [Table Text Block]

Equity. The following tables present a rollforward of the changes in equityattributable to TRW shareholders and to the noncontrolling interest.

	Three Months Ended
	September 26, 2014						September 27, 2013
	Total		TRW Shareholders		Noncontrolling Interest		Total		TRW Shareholders		Noncontrolling Interest
	(Dollars in millions)
Beginning balance of equity	$	4,539	$	4,324	$	215	$	3,853	$	3,654	$	199
Net earnings		198		189		9		206		197		9
Other comprehensive (losses) earnings		(131)		(130)		(1)		81		78		3
Changes related to share-based compensation		(17)		(17)		-		19		19		-
Repurchase of capital stock		-		-		-		(260)		(260)		-
Ending balance of equity	$	4,589	$	4,366	$	223	$	3,899	$	3,688	$	211

	Nine Months Ended
	September 26, 2014						September 27, 2013
	Total		TRW Shareholders		Noncontrolling Interest		Total		TRW Shareholders		Noncontrolling Interest
	(Dollars in millions)
Beginning balance of equity	$	4,396	$	4,194	$	202	$	3,769	$	3,578	$	191
Net earnings		682		653		29		639		607		32
Other comprehensive (losses) earnings		(75)		(70)		(5)		(80)		(83)		3
Dividends paid to noncontrolling interest		(3)		-		(3)		(15)		-		(15)
Changes related to share-based compensation		(11)		(11)		-		46		46		-
Repurchase of capital stock		(400)		(400)		-		(460)		(460)		-
Ending balance of equity	$	4,589	$	4,366	$	223	$	3,899	$	3,688	$	211

Schedule Of Accumulated Other Comprehensive Income Loss [Table Text Block]

The following tables present changes in accumulated other comprehensive earnings (losses)attributable to TRW by component:

		Foreign Currency Translation		Retirement Obligations		Deferred Cash Flow Hedges		Total
		(Dollars in millions)
For the three months ended September 26, 2014:
Beginning balance attributable to TRW, net of tax		$	78	$	(406)	$	8	$	(320)
	Other comprehensive (losses) earnings before reclassifications, net of tax		(152)		14		7		(131)
	Amounts reclassified from accumulated other comprehensive earnings, net of tax		-		1(a)		-		1
Other comprehensive (losses) earnings, net of tax			(152)		15		7		(130)
Ending balance attributable to TRW, net of tax		$	(74)	$	(391)	$	15	$	(450)
For the three months ended September 27, 2013:
Beginning balance attributable to TRW, net of tax		$	(34)	$	(577)	$	(16)	$	(627)
	Other comprehensive earnings (losses) before reclassifications, net of tax		67		(10)		16		73
	Amounts reclassified from accumulated other comprehensive earnings (losses), net of tax		-		5(b)		-		5
Other comprehensive earnings (losses), net of tax			67		(5)		16		78
Ending balance attributable to TRW, net of tax		$	33	$	(582)	$	-	$	(549)
(a)	Includes actuarial gains of $4 million, reduced by prior service cost of $3 million, net of tax of a de minimis amount.
(b)	Includes actuarial gains of $11 million, reduced by prior service cost of $4 million, net of tax of $2 million.

		Foreign Currency Translation		Retirement Obligations		Deferred Cash Flow Hedges		Total
		(Dollars in millions)
For the nine months ended September 26, 2014:
Beginning balance attributable to TRW, net of tax		$	41	$	(405)	$	(16)	$	(380)
	Other comprehensive (losses) earnings before reclassifications, net of tax		(115)		11		27		(77)
	Amounts reclassified from accumulated other comprehensive earnings, net of tax		-		3(a)		4		7
Other comprehensive (losses) earnings, net of tax			(115)		14		31		(70)
Ending balance attributable to TRW, net of tax		$	(74)	$	(391)	$	15	$	(450)
For the nine months ended September 27, 2013:
Beginning balance attributable to TRW, net of tax		$	83	$	(559)	$	10	$	(466)
	Other comprehensive losses before reclassifications, net of tax		(50)		(37)		(9)		(96)
	Amounts reclassified from accumulated other comprehensive earnings (losses), net of tax		-		14(b)		(1)		13
Other comprehensive losses, net of tax			(50)		(23)		(10)		(83)
Ending balance attributable to TRW, net of tax		$	33	$	(582)	$	-	$	(549)
(a)	Includes actuarial gains of $13 million, reduced by prior service cost of $9 million, net of tax of $1 million.
(b)	Includes actuarial gains of $33 million, reduced by prior service cost of $13 million, net of tax of $6 million.

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Goodwill and Intangible Assets and Related Accumulated Amortization (Detail) (USD $) In Millions, unless otherwise specified	Sep. 26, 2014	Dec. 31, 2013
Intangible Assets by Major Class [Line Items]
Intangible Assets Gross Excluding Goodwill	$ 381	$ 383
Intangible Assets Net Excluding Goodwill	288	292
Indefinite-lived intangible:
Trademarks	264	264
Developed Technology And Other Intangible Assets [Member]
Definite-lived intangible assets:
Definite-lived intangibles Gross Carrying amount	117	119
Definite-lived intangibles Accumulated Amortization	(93)	(91)
Definite-lived intangibles Net Carrying Amount	$ 24	$ 28

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Basis of Presentation - Movement in the Product Warranty Liability (Detail) (USD $) In Millions, unless otherwise specified	9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013
Basis of Presentation [Abstract]
Beginning balance	$ 152	$ 140
Current period accruals, net of changes in estimates	33	44
Warranty Accruals Related To Divestitures	(2)	0
Used for purposes intended	(28)	(30)
Effects of foreign currency translation	(5)	(1)
Ending balance	$ 150	$ 153

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Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) (USD $) In Millions, unless otherwise specified	Sep. 26, 2014	Dec. 31, 2013
Condensed Consolidated Balance Sheets (Unaudited)
Accumulated depreciation on Property, plant and equipment	$ 4,151	$ 4,420

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Assets Held for Sale

9 Months Ended

Sep. 26, 2014

Assets Held for Sale [Abstract]

Assets Held for Sale [Text Block]

4. Assets Held-For-Sale

On September 10, 2014, the Company entered into a definitive agreement to divest its engine valve business for a purchase price of $385 million in cashwhich is subject to adjustment in accordance with the agreement as of the closing date. The engine valve businessis reported within the Automotive Components segment (see Note 18). The planned divestiture is expected to close in the first quarter of 2015.This transaction qualified for held-for-sale accounting treatment, and as such, the assets and liabilities associated with the transaction are separately classified as held-for-sale in the condensed consolidated balance sheet as of September 26, 2014 and depreciation of long-lived assets ceased. The planned divestiture did not meet the criteria for presentation as a discontinued operation.

The major classes of assets and liabilities held-for-sale were as follows:

		As of
		September 26, 2014
		(Dollars in millions)
Cash		$	13
Accounts receivable — net			25
Inventories			48
Prepaid expenses and other current assets			7
Property, plant and equipment — net			157
Other assets			11
	Total assets held-for-sale	$	261
Trade accounts payable		$	23
Accrued compensation			20
Other current liabilities			24
Pension benefits			33
	Total liabilities related to assets held-for-sale	$	100

Earnings before income taxes for the engine valve business were as follows:
		Three Months Ended				Nine Months Ended
		September 26,		September 27,		September 26,		September 27,
		2014		2013		2014		2013
		(Dollars in millions)
Earnings before income taxes		$	7	$	7	$	20	$	24
Less: Earnings attributable to noncontrolling interest			1		1		3		4
	Earnings before income taxes attributable to TRW	$	6	$	6	$	17	$	20

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Financial Instruments - Offsetting of Derivative Assets and Liabilities (Detail) (Foreign Exchange Contract, USD $) In Millions, unless otherwise specified	Sep. 26, 2014	Dec. 31, 2013
Foreign Exchange Contract
Offsetting Assets [Line Items]
Derivative assets, gross amount recognized	$ 58	$ 42
Derivative assets, gross amounts offset	(29)	(36)
Derivative asets, net amounts reported	29	6
Derivative liabilities, gross amounts recognized	34	50
Derivative liabilities, gross amounts offset	(29)	(36)
Derivative liabilities, net amounts reported	$ 5	$ 14

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Share-Based Compensation - Expense (Detail) (USD $) In Millions, unless otherwise specified	3 Months Ended		9 Months Ended
	Sep. 26, 2014	Sep. 27, 2013	Sep. 26, 2014	Sep. 27, 2013
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Share based compensation expense	$ 11	$ 9	$ 30	$ 30
Employee Stock Options And Stock Settled Stock Appreciation Rights (Ssars) [Member]
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Share based compensation expense	3	3	8	9
Restricted Stock Units [Member]
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Share based compensation expense	7	6	19	21
Performance Units [Member]
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Share based compensation expense	$ 1	$ 0	$ 3	$ 0

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Assets Held for Sale (Tables)

9 Months Ended

Sep. 26, 2014

Assets Held for Sale [Abstract]

Schedule of Assets and Liabilities Held for Sale [Table Text Block]

		As of
		September 26, 2014
		(Dollars in millions)
Cash		$	13
Accounts receivable — net			25
Inventories			48
Prepaid expenses and other current assets			7
Property, plant and equipment — net			157
Other assets			11
	Total assets held-for-sale	$	261
Trade accounts payable		$	23
Accrued compensation			20
Other current liabilities			24
Pension benefits			33
	Total liabilities related to assets held-for-sale	$	100

Earnings before income taxes for the engine valve business were as follows:
		Three Months Ended				Nine Months Ended
		September 26,		September 27,		September 26,		September 27,
		2014		2013		2014		2013
		(Dollars in millions)
Earnings before income taxes		$	7	$	7	$	20	$	24
Less: Earnings attributable to noncontrolling interest			1		1		3		4
	Earnings before income taxes attributable to TRW	$	6	$	6	$	17	$	20

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Merger (Details) (USD $)	9 Months Ended
	Sep. 26, 2014
Merger [Abstract]
Merger Consideration	$ 105.60

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Transaction Costs

9 Months Ended

Sep. 26, 2014

Transaction Costs [Abstract]

Transaction Costs [Text Block]

14. Transaction Costs

The Company incurred transaction and merger-related costs of $13 million for financial advisory and legal fees related to the ZF Merger (see Note 2) and the engine valve divestiture (see Note 4) for both the three and nine months ended September 26, 2014.