XML 31 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]    
Sales $ 32,134 $ 34,403
Costs and expenses    
Cost of goods sold 27,559 29,468
Depreciation and amortization 802 845
Selling, general and administrative 1,448 1,612
Interest expense, net 44 30
Equity income (204) (203)
Other (income) expense, net (166) 46
Income from continuing operations before income taxes 2,651 2,605
Income taxes 711 683
Net income from continuing operations 1,940 1,922
Income (loss) from discontinued operations, net of tax 67 (42)
Net income 2,007 1,880
Loss from continuing operations attributable to non-controlling interests 6 2
Net income attributable to Magna International Inc. $ 2,013 $ 1,882
Basic Earnings per Common Share (restated - note 3):    
Continuing operations $ 4.78 $ 4.50
Discontinued operations 0.16 (0.09)
Attributable to Magna International Inc. 4.94 4.41
Diluted Earnings per Common Share (restated - note 3):    
Continuing operations 4.72 4.44
Discontinued operations 0.16 (0.10)
Attributable to Magna International Inc. $ 4.88 $ 4.34
Weighted average number of Common Shares outstanding during the year [in millions] (restated - note 3):    
Basic 407.5 427.1
Diluted 412.7 433.2