Revenue (Tables)

6 Months Ended

Jun. 30, 2018

Revenue From Contract With Customer [Abstract]

Revenue Disaggregated by Primary Region and Products of Revenue Recognition

In the following tables, revenue is disaggregated by primary region and products of revenue recognition.

Net Sales by Region

(Dollars in millions)	Three Months Ended June 30, 2018						Three Months Ended June 30, 2017
	Electronics		Brake Systems		Total		Electronics		Brake Systems			Total
Asia	$	104	$	96	$	200	$	117	$	89		$	206
Americas		173		15		188		180		34			214
Europe		184		-		184		160		-			160
Total region sales		461		111		572		457		123			580
Less: intercompany sales		-		-		-		-		(1	)		(1	)
Total	$	461	$	111	$	572	$	457	$	122		$	579

Net Sales by Region

(Dollars in millions)	Six Months Ended June 30, 2018						Six Months Ended June 30, 2017
	Electronics		Brake Systems		Total		Electronics		Brake Systems			Total
Asia	$	216	$	195	$	411	$	240	$	175		$	415
Americas		351		30		381		359		70			429
Europe		374		-		374		321		-			321
Total region sales		941		225		1,166		920		245			1,165
Less: intercompany sales		-		-		-		-		(3	)		(3	)
Total	$	941	$	225	$	1,166	$	920	$	242		$	1,162

Net Sales by Products

(Dollars in millions)	Three Months Ended June 30, 2018						Three Months Ended June 30, 2017
	Electronics		Brake Systems		Total		Electronics		Brake Systems			Total
Restraint Control Systems	$	246	$	-	$	246	$	266	$	-		$	266
Active Safety products		215		-		215		191		-			191
Brake Systems		-		111		111		-		123			123
Total product sales		461		111		572		457		123			580
Less: intercompany sales		-		-		-		-		(1	)		(1	)
Total net sales	$	461	$	111	$	572	$	457	$	122		$	579

Net Sales by Products

(Dollars in millions)	Six Months Ended June 30, 2018						Six Months Ended June 30, 2017
	Electronics		Brake Systems		Total		Electronics		Brake Systems			Total
Restraint Control Systems	$	514	$	-	$	514	$	537	$	-		$	537
Active Safety products		427		-		427		383		-			383
Brake Systems		-		225		225		-		245			245
Total product sales		941		225		1,166		920		245			1,165
Less: intercompany sales		-		-		-		-		(3	)		(3	)
Total net sales	$	941	$	225	$	1,166	$	920	$	242		$	1,162

Summary of Information about Receivables and Contract Assets from Contracts with Customers

The following tables provide information about receivables and contract assets from contracts with customers.

Contract Balances with Customers

(Dollars in millions)	As of
	June 30, 2018		December 31, 2017
Receivables, net	$	439	$	460
Contract assets1		7		-

¹ Included in prepaid expenses and contract assets

Receivables, net of allowance

(Dollars in millions)	As of
	June 30, 2018			December 31, 2017
Receivables	$	441		$	462
Allowance at beginning of period		(2	)		(4	)
Net decrease/(increase) of allowance		-			2
Allowance at end of period		(2	)		(2	)
Receivables, net of allowance	$	439		$	460

Summary of Changes in Contract Assets

Changes in the contract asset balances during the period are as follows:

Change in Contract Balances with Customers1
(Dollars in millions)	Three months ended			Six months ended
	June 30, 2018			June 30, 2018
	Contract assets			Contract assets
Beginning balance	$	8		$	-
Increases due to cumulative catch up adjustment		-			7
Increases due to revenue recognized		7			15
Decreases due to transfer to receivables		(8	)		(15	)
Ending balance	$	7		$	7
1The contract asset is determined at each period end, this table reflects the rollforward of the period end balance.