Segment Information

3 Months Ended

Mar. 31, 2020

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 Note 2 "Summary of Significant Accounting Policies" included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC on February 21, 2020.


Loss Before Income Taxes	Three Months Ended March 31
(Dollars in millions)	2020		2019
Electronics	$	(94)	$	(90)
Brake Systems	(13)		(19)
Segment operating loss	(107)		(109)
Corporate and other	(15)		(19)
Gain/(loss) on divestiture and Assets held for sale	(67)		—
Interest and other non-operating items, net	(1)		3
Loss from equity method investment	(18)		(17)
Loss before income taxes	$	(208)	$	(142)