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Quarterly Data (Unaudited) | 12 Months Ended
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Dec. 31, 2015
Quarterly Financial Data [Abstract] |
Quarterly Financial Information | QUARTERLY DATA (UNAUDITED) The following is a condensed summary of the Company’s unaudited quarterly results of continuing operations for fiscal 2015 and 2014. Previously reported 2014 quarterly amounts have been revised to reflect the retrospective application of the classification of the Thermal Systems segment as a discontinued operation. Refer to Note 25. Discontinued Operations for additional information.
| Three Months Ended |  |
| March 31, |  | June 30, |  | September 30, |  | December 31, |  | Total
| (in millions, except per share amounts)
2015 |  |  |  |  |  |  |  |  |
Net sales | $ | 3,797 |  |  | $ | 3,858 |  |  | $ | 3,631 |  |  | $ | 3,879 |  |  | $ | 15,165 |
Cost of sales | 3,056 |  |  | 3,076 |  |  | 2,862 |  |  | 3,161 |  |  | 12,155 |
Gross profit | $ | 741 |  |  | $ | 782 |  |  | $ | 769 |  |  | $ | 718 |  |  | $ | 3,010 |
Operating income (1) | $ | 446 |  |  | $ | 481 |  |  | $ | 461 |  |  | $ | 335 |  |  | $ | 1,723 |
Income from continuing operations | 304 |  |  | 369 |  |  | 364 |  |  | 224 |  |  | 1,261 |
(Loss) income from discontinued operations, net of tax (2) | (75 | ) |  | 298 |  |  | 54 |  |  | (3 | ) |  | 274 |
Net income (3) | $ | 229 |  |  | $ | 667 |  |  | $ | 418 |  |  | $ | 221 |  |  | $ | 1,535 |
Net income attributable to Delphi | $ | 209 |  |  | $ | 645 |  |  | $ | 404 |  |  | $ | 192 |  |  | $ | 1,450 |
Basic net income (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations (4) | $ | 0.99 |  |  | $ | 1.22 |  |  | $ | 1.24 |  |  | $ | 0.71 |  |  | $ | 4.16 |
Discontinued operations (4) | (0.27 | ) |  | 1.02 |  |  | 0.19 |  |  | (0.02 | ) |  | 0.92 |
Basic net income per share attributable to Delphi (4) | $ | 0.72 |  |  | $ | 2.24 |  |  | $ | 1.43 |  |  | $ | 0.69 |  |  | $ | 5.08 |
Weighted average number of basic shares outstanding | 290.90 |  |  | 287.77 |  |  | 282.97 |  |  | 279.29 |  |  | 285.20 |
Diluted net income (loss) per share: |  |  |  |  |  |  |  |  |
Continuing operations (4) | $ | 0.99 |  |  | $ | 1.21 |  |  | $ | 1.23 |  |  | $ | 0.70 |  |  | $ | 4.14 |
Discontinued operations (4) | (0.27 | ) |  | 1.02 |  |  | 0.19 |  |  | (0.02 | ) |  | 0.92 |
Diluted net income per share attributable to Delphi (4) | $ | 0.72 |  |  | $ | 2.23 |  |  | $ | 1.42 |  |  | $ | 0.68 |  |  | $ | 5.06 |
Weighted average number of diluted shares outstanding | 291.81 |  |  | 288.85 |  |  | 284.40 |  |  | 281.64 |  |  | 286.64 |
2014 |  |  |  |  |  |  |  |  |
Net sales | $ | 3,897 |  |  | $ | 4,062 |  |  | $ | 3,762 |  |  | $ | 3,778 |  |  | $ | 15,499 |
Cost of sales | 3,164 |  |  | 3,262 |  |  | 3,041 |  |  | 3,004 |  |  | 12,471 |
Gross profit | $ | 733 |  |  | $ | 800 |  |  | $ | 721 |  |  | $ | 774 |  |  | $ | 3,028 |
Operating income | $ | 440 |  |  | $ | 462 |  |  | $ | 392 |  |  | $ | 464 |  |  | $ | 1,758 |
Income from continuing operations | 326 |  |  | 379 |  |  | 313 |  |  | 362 |  |  | 1,380 |
Income from discontinued operations, net of tax | 15 |  |  | 27 |  |  | 12 |  |  | 6 |  |  | 60 |
Net income (5) | $ | 341 |  |  | $ | 406 |  |  | $ | 325 |  |  | $ | 368 |  |  | $ | 1,440 |
Net income attributable to Delphi | $ | 320 |  |  | $ | 382 |  |  | $ | 305 |  |  | $ | 344 |  |  | $ | 1,351 |
Basic net income per share: |  |  |  |  |  |  |  |  |
Continuing operations (4) | $ | 1.02 |  |  | $ | 1.19 |  |  | $ | 1.00 |  |  | $ | 1.16 |  |  | $ | 4.36 |
Discontinued operations (4) | 0.03 |  |  | 0.07 |  |  | 0.02 |  |  | 0.01 |  |  | 0.14 |
Basic net income per share attributable to Delphi (4) | $ | 1.05 |  |  | $ | 1.26 |  |  | $ | 1.02 |  |  | $ | 1.17 |  |  | $ | 4.50 |
Weighted average number of basic shares outstanding | 305.85 |  |  | 302.68 |  |  | 298.59 |  |  | 294.11 |  |  | 300.27 |
Diluted net income per share: |  |  |  |  |  |  |  |  |
Continuing operations (4) | $ | 1.01 |  |  | $ | 1.19 |  |  | $ | 1.00 |  |  | $ | 1.15 |  |  | $ | 4.34 |
Discontinued operations (4) | 0.03 |  |  | 0.07 |  |  | 0.02 |  |  | 0.01 |  |  | 0.14 |
Diluted net income per share attributable to Delphi (4) | $ | 1.04 |  |  | $ | 1.26 |  |  | $ | 1.02 |  |  | $ | 1.16 |  |  | $ | 4.48 |
Weighted average number of diluted shares outstanding | 306.89 |  |  | 303.74 |  |  | 300.14 |  |  | 296.93 |  |  | 301.89 |
(1) | In the fourth quarter of 2015, Delphi recorded restructuring charges totaling $108 million, which includes employee-related and other costs.
(2) | In the first quarter of 2015, Delphi recognized an after-tax impairment loss of $88 million within discontinued operations, in the second quarter of 2015, Delphi recognized an after-tax gain on the divestiture of discontinued operations of $285 million and in the third quarter of 2015, Delphi recognized an after-tax gain on the divestiture of discontinued operations of $47 million.
(3) | In the first quarter of 2015, Delphi recognized a loss on extinguishment of debt of $52 million.
(4) | Due to the use of the weighted average shares outstanding for each quarter for computing earnings per share, the sum of the quarterly per share amounts may not equal the per share amount for the year.
(5) | In the first quarter of 2014, Delphi recognized a loss on extinguishment of debt of $34 million.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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