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Acquisitions And Divestitures
3 Months Ended
Mar. 31, 2012
Acquisitions And Divestitures [Abstract]  
Acquisitions And Divestitures

15. ACQUISITIONS AND DIVESTITURES

Purchase of noncontrolling interest in JV

In February 2012, Delphi's Powertrain segment completed the acquisition of the remaining ownership interest in a majority-owned joint venture for a purchase price of $16 million. The acquisition was not material to the Company's consolidated financial statements. Delphi previously had effective control of the joint venture and consolidated its results. The acquisition resulted in the elimination of the non-controlling interest.

Sale of Daesung investment

On January 31, 2011, Delphi completed the sale of its 49.5% ownership interest in Daesung Electric, Co., Ltd. Delphi received $35 million in net proceeds and recognized a gain on divestiture of $8 million, which is included in equity income, net of tax, in the consolidated statement of operations for the three months ended March 31, 2011.