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Derivatives And Hedging Activities | 9 Months Ended
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Sep. 30, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | DERIVATIVES AND HEDGING ACTIVITIES Delphi is exposed to market risk, such as fluctuations in foreign currency exchange rates, commodity prices and changes in interest rates, which may result in cash flow risks. To manage the volatility relating to these exposures, Delphi aggregates the exposures on a consolidated basis to take advantage of natural offsets. For exposures that are not offset within its operations, Delphi enters into various derivative transactions pursuant to its risk management policies, which prohibit holding or issuing derivative financial instruments for speculative purposes, and designation of derivative instruments is performed on a transaction basis to support hedge accounting. The changes in fair value of these hedging instruments are offset in part or in whole by corresponding changes in the fair value or cash flows of the underlying exposures being hedged. Delphi assesses the initial and ongoing effectiveness of its hedging relationships in accordance with its documented policy. As of September 30, 2014, Delphi has entered into derivative instruments to hedge cash flows extending out to January 2017. As of September 30, 2014, the Company had the following outstanding notional amounts related to commodity and foreign currency forward contracts that were entered into to hedge forecasted exposures:
Commodity | Quantity Hedged |  | Unit of Measure |  | Notional Amount (Approximate USD Equivalent)
| (in thousands) |  | (in millions)
Copper | 85,034 |  |  | pounds |  | $ | 265 |
Primary Aluminum | 29,125 |  |  | pounds |  | 25 |
Secondary Aluminum | 13,609 |  |  | pounds |  | 15 |
Foreign Currency | Quantity Hedged |  | Unit of Measure |  | Notional Amount (Approximate USD Equivalent)
| (in millions)
Mexican Peso | 11,077 |  |  | MXN |  | $ | 825 |
Euro | 184 |  |  | EUR |  | 235 |
Polish Zloty | 363 |  |  | PLN |  | 110 |
Chinese Yuan Renminbi | 538 |  |  | CNY |  | 85 |
New Turkish Lira | 170 |  |  | TRY |  | 75 |
Brazilian Real | 180 |  |  | BRL |  | 75 |
Hungarian Forint | 16,194 |  |  | HUF |  | 65 |
The Company had additional commodity and foreign currency forward contracts with notional amounts that individually amounted to less than $10 million. Additionally, during the nine months ended September 30, 2014, Delphi entered into and settled treasury rate lock agreements which were designated as cash flow hedges in anticipation of issuing the 2014 Senior Notes, as further discussed in Note 8. Debt. The impacts of these agreements and the related amount of hedge ineffectiveness were not material. The fair value of derivative financial instruments recorded in the consolidated balance sheets as of September 30, 2014 and December 31, 2013 are as follows:
| Asset Derivatives |  | Liability Derivatives |  | Net Amounts of Assets and Liabilities Presented in the Balance Sheet
| Balance Sheet Location |  | September 30, 2014 |  | Balance Sheet Location |  | September 30, 2014 |  | September 30, 2014
| (in millions)
Designated derivatives instruments: |  |
Commodity derivatives | Other current assets |  | $ | 1 |  |  | Accrued liabilities |  | $ | 11 |  |  |
Foreign currency derivatives* | Other current assets |  | 3 |  |  | Other current assets |  | 2 |  |  | 1 |
Foreign currency derivatives* | Accrued liabilities |  | 2 |  |  | Accrued liabilities |  | 8 |  |  | (6 | )
Commodity derivatives | Other long-term assets |  | — |  |  | Other long-term liabilities |  | 3 |  |  |
Foreign currency derivatives* | Other long-term assets |  | 1 |  |  | Other long-term assets |  | — |  |  | 1 |
Foreign currency derivatives* | Other long-term liabilities |  | — |  |  | Other long-term liabilities |  | 5 |  |  | (5 | )
Total |  |  | $ | 7 |  |  |  |  | $ | 29 |  |  |
Derivatives not designated:
Foreign currency derivatives* | Other current assets |  | $ | 20 |  |  | Other current assets |  | $ | — |  |  | 20 |
Foreign currency derivatives* | Accrued liabilities |  | — |  |  | Accrued liabilities |  | 1 |  |  | (1 | )
Total |  |  | $ | 20 |  |  |  |  | $ | 1 |  |  |
| Asset Derivatives |  | Liability Derivatives |  | Net Amounts of Assets and Liabilities Presented in the Balance Sheet
| Balance Sheet Location |  | December 31, 2013 |  | Balance Sheet Location |  | December 31, 2013 |  | December 31, 2013
| (in millions)
Designated derivatives instruments: |  |
Commodity derivatives | Other current assets |  | $ | 2 |  |  | Accrued liabilities |  | $ | 9 |  |  |
Foreign currency derivatives* | Other current assets |  | 16 |  |  | Other current assets |  | 3 |  |  | 13 |
Foreign currency derivatives* | Accrued liabilities |  | 3 |  |  | Accrued liabilities |  | 10 |  |  | (7 | )
Commodity derivatives | Other long-term assets |  | 1 |  |  | Other long-term liabilities |  | 2 |  |  |
Foreign currency derivatives* | Other long-term assets |  | 5 |  |  | Other long-term assets |  | 1 |  |  | 4 |
Foreign currency derivatives* | Other long-term liabilities |  | 2 |  |  | Other long-term liabilities |  | 6 |  |  | (4 | )
Total |  |  | $ | 29 |  |  |  |  | $ | 31 |  |  |
Derivatives not designated:
Foreign currency derivatives* | Other current assets |  | $ | 3 |  |  | Other current assets |  | $ | 3 |  |  | — |
Total |  |  | $ | 3 |  |  |  |  | $ | 3 |  |  |
* Derivative instruments within this category are subject to master netting arrangements and are presented on a net basis in the consolidated balance sheets in accordance with accounting guidance related to the offsetting of amounts related to certain contracts. The fair value of Delphi’s derivative financial instruments was in a net liability position as of September 30, 2014 and December 31, 2013. The effect of derivative financial instruments in the consolidated statement of operations and consolidated statement of comprehensive income for the three months ended September 30, 2014 is as follows:
Three Months Ended September 30, 2014 | Loss Recognized in OCI (Effective Portion) |  | Loss Reclassified from OCI into Income (Effective Portion) |  | Gain Recognized in Income (Ineffective Portion Excluded from Effectiveness Testing)
| (in millions)
Designated derivatives instruments: |  |  |  |  |
Commodity derivatives | $ | (13 | ) |  | $ | (3 | ) |  | $ | — |
Foreign currency derivatives | (25 | ) |  | (1 | ) |  | — |
Total | $ | (38 | ) |  | $ | (4 | ) |  | $ | — |
| Gain Recognized in Income
| (in millions)
Derivatives not designated: |
Commodity derivatives | $ | — |
Foreign currency derivatives (1) | 22 |
Total | $ | 22 |
(1) | Primarily relates to amounts recognized in other income, which offset the losses recognized due to the remeasurement of intercompany loans.
The effect of derivative financial instruments in the consolidated statement of operations and consolidated statement of comprehensive income for the three months ended September 30, 2013 is as follows:
Three Months Ended September 30, 2013 | Gain (Loss) Recognized in OCI (Effective Portion) |  | Loss Reclassified from OCI into Income (Effective Portion) |  | Gain Recognized in Income (Ineffective Portion Excluded from Effectiveness Testing)
| (in millions)
Designated derivatives instruments: |  |  |  |  |
Commodity derivatives | $ | 24 |  |  | $ | (8 | ) |  | $ | — |
Foreign currency derivatives | (10 | ) |  | (3 | ) |  | — |
Total | $ | 14 |  |  | $ | (11 | ) |  | $ | — |
| Gain Recognized in Income
| (in millions)
Derivatives not designated: |
Commodity derivatives | $ | — |
Foreign currency derivatives | 1 |
Total | $ | 1 |
The effect of derivative financial instruments in the consolidated statement of operations and consolidated statement of comprehensive income for the nine months ended September 30, 2014 is as follows:
Nine Months Ended September 30, 2014 | Loss Recognized in OCI (Effective Portion) |  | (Loss) Gain Reclassified from OCI into Income (Effective Portion) |  | Gain Recognized in Income (Ineffective Portion Excluded from Effectiveness Testing)
| (in millions)
Designated derivatives instruments: |  |  |  |  |
Commodity derivatives | $ | (19 | ) |  | $ | (13 | ) |  | $ | — |
Foreign currency derivatives | (13 | ) |  | 7 |  |  | — |
Total | $ | (32 | ) |  | $ | (6 | ) |  | $ | — |
| Gain Recognized in Income
| (in millions)
Derivatives not designated: |
Commodity derivatives | $ | — |
Foreign currency derivatives (1) | 22 |
Total | $ | 22 |
(1) | Primarily relates to amounts recognized in other income, which offset the losses recognized due to the remeasurement of intercompany loans.
The effect of derivative financial instruments in the consolidated statement of operations and consolidated statement of comprehensive income for the nine months ended September 30, 2013 is as follows:
Nine Months Ended September 30, 2013 | Loss Recognized in OCI (Effective Portion) |  | (Loss) Gain Reclassified from OCI into Income (Effective Portion) |  | Gain Recognized in Income (Ineffective Portion Excluded from Effectiveness Testing)
| (in millions)
Designated derivatives instruments: |  |  |  |  |
Commodity derivatives | $ | (31 | ) |  | $ | (17 | ) |  | $ | — |
Foreign currency derivatives | (7 | ) |  | 16 |  |  | — |
Total | $ | (38 | ) |  | $ | (1 | ) |  | $ | — |
| Gain Recognized in Income
| (in millions)
Derivatives not designated: |
Commodity derivatives | $ | — |
Foreign currency derivatives | 1 |
Total | $ | 1 |
The gain or loss reclassified from OCI into income for the effective portion of designated derivative instruments and the gain or loss recognized in income for the ineffective portion of designated derivative instruments excluded from effectiveness testing were recorded to other income, net and cost of goods sold in the consolidated statements of operations for the three and nine months ended September 30, 2014 and 2013. The gain or loss recognized in income for non-designated derivative instruments was recorded in other income, net and cost of goods sold for the three and nine months ended September 30, 2014 and 2013. Gains and losses on derivatives qualifying as cash flow hedges are recorded in OCI, to the extent that hedges are effective, until the underlying transactions are recognized in earnings. Unrealized amounts in accumulated OCI will fluctuate based on changes in the fair value of hedge derivative contracts at each reporting period. Losses included in accumulated OCI as of September 30, 2014 were approximately $21 million (approximately $14 million net of tax). Of this total, approximately $17 million of losses are expected to be included in cost of sales within the next 12 months, $1 million of gains are expected to be included in other income within the next 12 months and $5 million of losses are expected to be included in cost of sales in subsequent periods. Cash flow hedges are discontinued when Delphi determines it is no longer probable that the originally forecasted transactions will occur. The amount included in cost of sales related to hedge ineffectiveness was insignificant for the three and nine months ended September 30, 2014 and 2013, respectively.

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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35736893&loc=d3e80748-113994 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5618551-113959 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4K -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5708775-113959 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624181-113959 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6441202&loc=d3e80720-113993 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4H -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624258-113959 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624163-113959 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(n)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4J -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5708773-113959 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35736893&loc=d3e80784-113994 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4D -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624177-113959 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41620-113959 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5579245-113959 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5580258-113959 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5579240-113959 Reference 17: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41641-113959 Reference 18: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=35706170&loc=d3e41638-113959 Reference 19: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959 + Details
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