Supplemental Guarantor And Non-Guarantor Condensed Consolidating Financial Statements (Tables)

6 Months Ended

Jun. 30, 2016

Supplemental Guarantor And Non-Guarantor Condensed Consolidating Financial Statements [Abstract]

Statement of Operations Three Months Ended June 30, 2016



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net sales	$	—		$	—		$	—		$	4,206		$	—		$	4,206
Operating expenses:
Cost of sales	—			—			—			3,348			—			3,348
Selling, general and administrative	35			—			—			244			—			279
Amortization	—			—			—			34			—			34
Restructuring	—			—			—			154			—			154
Total operating expenses	35			—			—			3,780			—			3,815
Operating (loss) income	(35		)	—			—			426			—			391
Interest (expense) income	(50		)	(8		)	(50		)	(20		)	87			(41		)
Other income (expense), net	—			31			16			38			(87		)	(2		)
(Loss) income from continuing operations before income taxes and equity income	(85		)	23			(34		)	444			—			348
Income tax benefit (expense)	—			—			12			(96		)	—			(84		)
(Loss) income from continuing operations before equity income	(85		)	23			(22		)	348			—			264
Equity in net income of affiliates	—			—			—			7			—			7
Equity in net income (loss) of subsidiaries	343			327			147			—			(817		)	—
Income from continuing operations	258			350			125			355			(817		)	271
Income from discontinued operations, net of tax	—			—			—			—			—			—
Net income (loss)	258			350			125			355			(817		)	271
Net income attributable to noncontrolling interest	—			—			—			13			—			13
Net income (loss) attributable to Delphi	$	258		$	350		$	125		$	342		$	(817	)	$	258

Statement of Operations Six Months Ended June 30, 2016



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net sales	$	—		$	—		$	—		$	8,257		$	—		$	8,257
Operating expenses:
Cost of sales	—			—			—			6,613			—			6,613
Selling, general and administrative	64			—			—			492			—			556
Amortization	—			—			—			67			—			67
Restructuring	—			—			—			189			—			189
Total operating expenses	64			—			—			7,361			—			7,425
Operating (loss) income	(64		)	—			—			896			—			832
Interest (expense) income	(96		)	(16		)	(101		)	(39		)	170			(82		)
Other income (expense), net	—			62			33			77			(170		)	2
(Loss) income from continuing operations before income taxes and equity income	(160		)	46			(68		)	934			—			752
Income tax benefit (expense)	—			—			25			(184		)	—			(159		)
(Loss) income from continuing operations before equity income	(160		)	46			(43		)	750			—			593
Equity in net income of affiliates	—			—			—			13			—			13
Equity in net income (loss) of subsidiaries	843			800			251			—			(1,894		)	—
Income from continuing operations	683			846			208			763			(1,894		)	606
Income from discontinued operations, net of tax	—			—			—			108			—			108
Net income (loss)	683			846			208			871			(1,894		)	714
Net income attributable to noncontrolling interest	—			—			—			31			—			31
Net income (loss) attributable to Delphi	$	683		$	846		$	208		$	840		$	(1,894	)	$	683

Statement of Operations Three Months Ended June 30, 2015



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net sales	$	—		$	—		$	—		$	3,858		$	—		$	3,858
Operating expenses:
Cost of sales	—			—			—			3,076			—			3,076
Selling, general and administrative	44			—			—			217			—			261
Amortization	—			—			—			23			—			23
Restructuring	—			—			—			17			—			17
Total operating expenses	44			—			—			3,333			—			3,377
Operating (loss) income	(44		)	—			—			525			—			481
Interest (expense) income	(26		)	(9		)	(38		)	(21		)	64			(30		)
Other income (expense), net	—			20			19			23			(64		)	(2		)
(Loss) income from continuing operations before income taxes and equity income	(70		)	11			(19		)	527			—			449
Income tax benefit (expense)	—			—			7			(87		)	—			(80		)
(Loss) income from continuing operations before equity income	(70		)	11			(12		)	440			—			369
Equity in net income (loss) of subsidiaries	715			704			183			—			(1,602		)	—
Income from continuing operations	645			715			171			440			(1,602		)	369
Income from discontinued operations, net of tax	—			—			—			298			—			298
Net income (loss)	645			715			171			738			(1,602		)	667
Net income attributable to noncontrolling interest	—			—			—			22			—			22
Net income (loss) attributable to Delphi	$	645		$	715		$	171		$	716		$	(1,602	)	$	645

Statement of Operations Six Months Ended June 30, 2015



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net sales	$	—		$	—		$	—		$	7,655		$	—		$	7,655
Operating expenses:
Cost of sales	—			—			—			6,132			—			6,132
Selling, general and administrative	26			—			—			490			—			516
Amortization	—			—			—			47			—			47
Restructuring	—			—			—			33			—			33
Total operating expenses	26			—			—			6,702			—			6,728
Operating (loss) income	(26		)	—			—			953			—			927
Interest (expense) income	(46		)	(15		)	(83		)	(51		)	133			(62		)
Other income (expense), net	—			35			(7		)	49			(133		)	(56		)
(Loss) income from continuing operations before income taxes and equity income	(72		)	20			(90		)	951			—			809
Income tax benefit (expense)	—			—			33			(174		)	—			(141		)
(Loss) income from continuing operations before equity income	(72		)	20			(57		)	777			—			668
Equity in net income of affiliates	—			—			—			5			—			5
Equity in net income (loss) of subsidiaries	926			906			262			—			(2,094		)	—
Income from continuing operations	854			926			205			782			(2,094		)	673
Income from discontinued operations, net of tax	—			—			—			223			—			223
Net income (loss)	854			926			205			1,005			(2,094		)	896
Net income attributable to noncontrolling interest	—			—			—			42			—			42
Net income (loss) attributable to Delphi	$	854		$	926		$	205		$	963		$	(2,094	)	$	854

Schedule of Comprehensive Income (Loss)

Statement of Comprehensive Income Three Months Ended June 30, 2016



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor		Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net income (loss)	$	258		$	350		$	125	$	355		$	(817	)	$	271
Other comprehensive income (loss):
Currency translation adjustments	16			—			—		(72		)	—			(56		)
Net change in unrecognized gain (loss) on derivative instruments, net of tax	—			—			—		26			—			26
Employee benefit plans adjustment, net of tax	—			—			—		17			—			17
Other comprehensive income (loss)	16			—			—		(29		)	—			(13		)
Equity in other comprehensive (loss) income of subsidiaries	(26		)	(102		)	—		—			128			—
Comprehensive income (loss)	248			248			125		326			(689		)	258
Comprehensive income attributable to noncontrolling interests	—			—			—		10			—			10
Comprehensive income (loss) attributable to Delphi	$	248		$	248		$	125	$	316		$	(689	)	$	248

Statement of Comprehensive Income Six Months Ended June 30, 2016



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor		Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net income (loss)	$	683		$	846		$	208	$	871		$	(1,894	)	$	714
Other comprehensive income (loss):
Currency translation adjustments	(9		)	—			—		(10		)	—			(19		)
Net change in unrecognized gain (loss) on derivative instruments, net of tax	—			—			—		49			—			49
Employee benefit plans adjustment, net of tax	—			—			—		22			—			22
Other comprehensive (loss) income	(9		)	—			—		61			—			52
Equity in other comprehensive income (loss) of subsidiaries	63			(125		)	11		—			51			—
Comprehensive income (loss)	737			721			219		932			(1,843		)	766
Comprehensive income attributable to noncontrolling interests	—			—			—		29			—			29
Comprehensive income (loss) attributable to Delphi	$	737		$	721		$	219	$	903		$	(1,843	)	$	737

Statement of Comprehensive Income Three Months Ended June 30, 2015



	Parent		Subsidiary Guarantors			Subsidiary Issuer/Guarantor		Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net income (loss)	$	645	$	715		$	171	$	738		$	(1,602	)	$	667
Other comprehensive income (loss):
Currency translation adjustments	—		—			—		61			—			61
Net change in unrecognized gain (loss) on derivative instruments, net of tax	—		—			—		(2		)	—			(2		)
Employee benefit plans adjustment, net of tax	—		—			—		(5		)	—			(5		)
Other comprehensive income	—		—			—		54			—			54
Equity in other comprehensive income (loss) of subsidiaries	53		(17		)	—		—			(36		)	—
Comprehensive income (loss)	698		698			171		792			(1,638		)	721
Comprehensive income attributable to noncontrolling interests	—		—			—		23			—			23
Comprehensive income (loss) attributable to Delphi	$	698	$	698		$	171	$	769		$	(1,638	)	$	698

Statement of Comprehensive Income Six Months Ended June 30, 2015



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net income (loss)	$	854		$	926		$	205		$	1,005		$	(2,094	)	$	896
Other comprehensive income (loss):
Currency translation adjustments	—			—			—			(173		)	—			(173		)
Net change in unrecognized gain (loss) on derivative instruments, net of tax	—			—			—			(6		)	—			(6		)
Employee benefit plans adjustment, net of tax	—			—			—			22			—			22
Other comprehensive loss	—			—			—			(157		)	—			(157		)
Equity in other comprehensive (loss) income of subsidiaries	(156		)	(228		)	(1		)	—			385			—
Comprehensive income (loss)	698			698			204			848			(1,709		)	739
Comprehensive income attributable to noncontrolling interests	—			—			—			41			—			41
Comprehensive income (loss) attributable to Delphi	$	698		$	698		$	204		$	807		$	(1,709	)	$	698

Schedule of Condensed Balance Sheet

Balance Sheet as of June 30, 2016



	Parent		Subsidiary Guarantors		Subsidiary Issuer/Guarantor		Non-Guarantor Subsidiaries		Eliminations			Consolidated

	(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	2	$	—	$	—	$	435	$	—		$	437
Restricted cash	—		—		—		1		—			1
Accounts receivable, net	—		—		—		2,900		—			2,900
Intercompany receivables, current	—		1,180		495		5,450		(7,125		)	—
Inventories	—		—		—		1,318		—			1,318
Other current assets	—		—		—		395		—			395
Total current assets	2		1,180		495		10,499		(7,125		)	5,051
Long-term assets:
Intercompany receivables, long-term	—		805		1,037		1,751		(3,593		)	—
Property, net	—		—		—		3,430		—			3,430
Investments in affiliates	—		—		—		96		—			96
Investments in subsidiaries	9,824		8,070		2,949		—		(20,843		)	—
Intangible assets, net	—		—		—		2,916		—			2,916
Other long-term assets	—		—		9		455		—			464
Total long-term assets	9,824		8,875		3,995		8,648		(24,436		)	6,906
Total assets	$	9,826	$	10,055	$	4,490	$	19,147	$	(31,561	)	$	11,957
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term debt	$	—	$	—	$	—	$	97	$	—		$	97
Accounts payable	—		—		—		2,527		—			2,527
Intercompany payables, current	5,198		565		950		412		(7,125		)	—
Accrued liabilities	25		—		23		1,227		—			1,275
Total current liabilities	5,223		565		973		4,263		(7,125		)	3,899
Long-term liabilities:
Long-term debt	2,058		—		1,883		28		—			3,969
Intercompany payables, long-term	164		1,311		1,031		1,087		(3,593		)	—
Pension benefit obligations	—		—		—		807		—			807
Other long-term liabilities	—		—		28		484		—			512
Total long-term liabilities	2,222		1,311		2,942		2,406		(3,593		)	5,288
Total liabilities	7,445		1,876		3,915		6,669		(10,718		)	9,187
Total Delphi shareholders’ equity	2,381		8,179		575		12,089		(20,843		)	2,381
Noncontrolling interest	—		—		—		389		—			389
Total shareholders’ equity	2,381		8,179		575		12,478		(20,843		)	2,770
Total liabilities and shareholders’ equity	$	9,826	$	10,055	$	4,490	$	19,147	$	(31,561	)	$	11,957

Balance Sheet as of December 31, 2015



	Parent		Subsidiary Guarantors		Subsidiary Issuer/Guarantor		Non-Guarantor Subsidiaries		Eliminations			Consolidated

	(in millions)
ASSETS
Current assets:
Cash and cash equivalents	$	4	$	—	$	—	$	531	$	—		$	535
Restricted cash	—		—		—		1		—			1
Accounts receivable, net	—		—		—		2,750		—			2,750
Intercompany receivables, current	101		1,148		387		4,852		(6,488		)	—
Inventories	—		—		—		1,181		—			1,181
Other current assets	—		—		—		431		—			431
Current assets held for sale	—		—		—		223		—			223
Total current assets	105		1,148		387		9,969		(6,488		)	5,121
Long-term assets:
Intercompany receivables, long-term	—		775		1,007		1,743		(3,525		)	—
Property, net	—		—		—		3,377		—			3,377
Investments in affiliates	—		—		—		94		—			94
Investments in subsidiaries	8,916		7,243		2,758		—		(18,917		)	—
Intangible assets, net	—		—		—		2,922		—			2,922
Other long-term assets	—		—		12		447		—			459
Total long-term assets	8,916		8,018		3,777		8,583		(22,442		)	6,852
Total assets	$	9,021	$	9,166	$	4,164	$	18,552	$	(28,930	)	$	11,973
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term debt	$	—	$	—	$	—	$	52	$	—		$	52
Accounts payable	2		—		—		2,539		—			2,541
Intercompany payables, current	4,543		555		905		480		(6,483		)	—
Accrued liabilities	17		—		24		1,163		—			1,204
Current liabilities held for sale	—		—		—		130		—			130
Total current liabilities	4,562		555		929		4,364		(6,483		)	3,927
Long-term liabilities:
Long-term debt	2,047		—		1,883		26		—			3,956
Intercompany payables, long-term	162		1,305		1,001		1,057		(3,525		)	—
Pension benefit obligations	—		—		—		854		—			854
Other long-term liabilities	—		—		27		476		—			503
Total long-term liabilities	2,209		1,305		2,911		2,413		(3,525		)	5,313
Total liabilities	6,771		1,860		3,840		6,777		(10,008		)	9,240
Total Delphi shareholders’ equity	2,250		7,306		324		11,292		(18,922		)	2,250
Noncontrolling interest	—		—		—		483		—			483
Total shareholders’ equity	2,250		7,306		324		11,775		(18,922		)	2,733
Total liabilities and shareholders’ equity	$	9,021	$	9,166	$	4,164	$	18,552	$	(28,930	)	$	11,973

Schedule of Condensed Cash Flow Statement

Statement of Cash Flows for the Six Months Ended June 30, 2016



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net cash (used in) provided by operating activities from continuing operations	$	(24	)	$	7		$	—		$	860		$	—		$	843
Net cash provided by operating activities from discontinued operations	—			—			—			—			—			—
Net cash (used in) provided by operating activities	(24		)	7			—			860			—			843
Cash flows from investing activities:
Capital expenditures	—			—			—			(412		)	—			(412		)
Proceeds from sale of property / investments	—			—			—			8			—			8
Net proceeds from divestiture of discontinued operations	—			—			—			52			—			52
Cost of business acquisitions, net of cash acquired	—			—			(15		)	—			—			(15		)
Cost of technology investments	—			—			(3		)	—			—			(3		)
Settlement of derivatives	—			—			—			(16		)	—			(16		)
Loans to affiliates	—			(7		)	—			(630		)	637			—
Repayments of loans from affiliates	—			—			—			3			(3		)	—
Net cash (used in) provided by investing activities from continuing operations	—			(7		)	(18		)	(995		)	634			(386		)
Net cash used in investing activities from discontinued operations	—			—			—			(4		)	—			(4		)
Net cash (used in) provided by investing activities	—			(7		)	(18		)	(999		)	634			(390		)
Cash flows from financing activities:
Net proceeds under other short-term debt agreements	—			—			—			51			—			51
Dividend payments of consolidated affiliates to minority shareholders	—			—			—			(12		)	—			(12		)
Proceeds from borrowings from affiliates	619			—			18			—			(637		)	—
Payments on borrowings from affiliates	(3		)	—			—			—			3			—
Repurchase of ordinary shares	(435		)	—			—			—			—			(435		)
Distribution of cash dividends	(159		)	—			—			—			—			(159		)
Taxes withheld and paid on employees' restricted share awards	—			—			—			(40		)	—			(40		)
Net cash provided by (used in) financing activities	22			—			18			(1		)	(634		)	(595		)
Effect of exchange rate fluctuations on cash and cash equivalents	—			—			—			—			—			—
Decrease in cash and cash equivalents	(2		)	—			—			(140		)	—			(142		)
Cash and cash equivalents at beginning of period	4			—			—			575			—			579
Cash and cash equivalents at end of period	$	2		$	—		$	—		$	435		$	—		$	437
Cash and cash equivalents of discontinued operations	$	—		$	—		$	—		$	—		$	—		$	—
Cash and cash equivalents of continuing operations	$	2		$	—		$	—		$	435		$	—		$	437

Statement of Cash Flows for the Six Months Ended June 30, 2015



	Parent			Subsidiary Guarantors			Subsidiary Issuer/Guarantor			Non-Guarantor Subsidiaries			Eliminations			Consolidated

	(in millions)
Net cash provided by operating activities from continuing operations	$	6		$	—		$	—		$	629		$	—		$	635
Net cash provided by operating activities from discontinued operations	—			—			—			34			—			34
Net cash provided by operating activities	6			—			—			663			—			669
Cash flows from investing activities:
Capital expenditures	—			—			—			(360		)	—			(360		)
Proceeds from sale of property / investments	—			—			—			3			—			3
Net proceeds from divestiture of discontinued operations	—			—			—			660			—			660
Cost of technology investments	—			—			—			(23		)	—			(23		)
Payments associated with business disposals	—			—			—			(7		)	—			(7		)
Loans to affiliates	—			(753		)	(342		)	(723		)	1,818			—
Repayments of loans from affiliates	—			—			135			—			(135		)	—
Investments in subsidiaries	(753		)	—			—			—			753			—
Net cash (used in) provided by investing activities from continuing operations	(753		)	(753		)	(207		)	(450		)	2,436			273
Net cash used in investing activities from discontinued operations	—			—			—			(65		)	—			(65		)
Net cash (used in) provided by investing activities	(753		)	(753		)	(207		)	(515		)	2,436			208
Cash flows from financing activities:
Net proceeds under other short-term debt agreements	—			—			—			7			—			7
Repayment of senior notes	—			—			(546		)	—			—			(546		)
Proceeds from issuance of senior notes, net of issuance costs	753			—			—			—			—			753
Dividend payments of consolidated affiliates to minority shareholders	—			—			—			(13		)	—			(13		)
Proceeds from borrowings from affiliates	818			—			753			247			(1,818		)	—
Payments on borrowings from affiliates	(135		)	—			—			—			135			—
Investment from parent	—			753			—			—			(753		)	—
Repurchase of ordinary shares	(542		)	—			—			—			—			(542		)
Distribution of cash dividends	(145		)	—			—			—			—			(145		)
Taxes withheld and paid on employees' restricted share awards	—			—			—			(58		)	—			(58		)
Net cash provided by (used in) financing activities	749			753			207			183			(2,436		)	(544		)
Effect of exchange rate fluctuations on cash and cash equivalents	—			—			—			(2		)	—			(2		)
Increase in cash and cash equivalents	2			—			—			329			—			331
Cash and cash equivalents at beginning of period	9			1			—			894			—			904
Cash and cash equivalents at end of period	$	11		$	1		$	—		$	1,223		$	—		$	1,235
Cash and cash equivalents of discontinued operations	$	—		$	—		$	—		$	64		$	—		$	64
Cash and cash equivalents of continuing operations	$	11		$	1		$	—		$	1,159		$	—		$	1,171