Segment Information

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Segment Information

Segment Information

Financial results for the Company's reportable segment 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 one reportable segment, which includes the Company’s electronics resources and expertise in passive safety electronics and active safety.

The Company previously had two operating segments - Electronics and Brake Systems. 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 segment 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, 2020 filed with the SEC on February 19, 2021.

Loss Before Income Taxes	Three Months Ended March 31
(Dollars in millions)	2021		2020
Electronics	$	(84)	$	(94)
Brake Systems	—		(13)
Segment operating loss	(84)		(107)
Corporate and other	(20)		(15)
Loss on divestiture and assets impairment charge, net	—		(67)
Interest and other non-operating items, net	(3)		(1)
Gain (loss) from equity method investment	7		(18)
Loss before income taxes	$	(100)	$	(208)