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Segment Information
9 Months Ended
Sep. 30, 2019
Segment Reporting [Abstract]  
Segment Information Segment Information
Financial results for the Company's reportable segments have been prepared using a management approach, which is consistent with the basis and manner in which financial information is evaluated by the Company's Chief Operating Decision Maker (CODM) in allocating resources and in assessing performance. The Company has two operating segments, Electronics and Brake Systems. Electronics includes all of electronics resources and expertise, restraint control systems and active safety products and Brake Systems provides brake control and actuation systems. The operating results of the operating segments are regularly reviewed by the Company’s CODM, the Chief Executive Officer, to assess the performance of the individual operating segments and to make decisions about resources to be allocated to the operating segments.
The accounting policies for the reportable segments are the same as those described in the Note 2, Summary of Significant Accounting Policies included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 filed with the SEC on February 22, 2019.
Loss Before Income Taxes
Three Months Ended September 30
 
Nine Months Ended September 30
(Dollars in millions)
2019
 
2018
 
2019
 
2018
Electronics
$
(90
)
 
$
(36
)
 
$
(281
)
 
$
(66
)
Brake Systems
(17
)
 
(9
)
 
(54
)
 
(23
)
Segment operating loss
(107
)
 
(45
)
 
(335
)
 
(88
)
Corporate and other
(15
)
 
(13
)
 
(53
)
 
(34
)
Interest and other non-operating items, net
2

 
4

 
8

 
4

Loss from equity method investment
(16
)
 
(15
)
 
(50
)
 
(45
)
Loss before income taxes
$
(136
)
 
$
(70
)
 
$
(430
)
 
$
(163
)