Segment Information

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Segment Information

Segment InformationFinancial 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 Asian business of the Brake Systems segment was sold on February 3, 2020 and the majority of the Brake Systems business in North America was sold on August 10, 2020. The remaining Brake Systems business is no longer a reportable segment due to immateriality.

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 September 30				Nine Months Ended September 30
(Dollars in millions)	2020		2019		2020		2019
Electronics	$	(80)	$	(90)	$	(202)	$	(281)
Brake Systems	(3)		(17)		(37)		(54)
Segment operating loss	(83)		(107)		(239)		(335)
Corporate and other	(20)		(15)		(51)		(53)
Loss on divestiture and assets impairment charge, net	(24)		—		(91)		—
Interest and other non-operating items, net	(4)		2		(7)		8
Loss from equity method investment	(1)		(16)		(39)		(50)
Loss before income taxes	$	(132)	$	(136)	$	(427)	$	(430)