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Investments in Affiliated Companies (Tables) | 12 Months Ended
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Dec. 31, 2017
Summary of Total financial Results of Equity Method Investees | A summary of the total financial results, as reported by the Company’s equity method investees, in the aggregate, at December 31 was as follows: Summarized Balance Sheets
|  | 2017 |  |  | 2016 |
Current assets |  | $ | 2,041 |  |  | $ | 2,478 |
Non-current assets |  | $ | 4,159 |  |  | $ | 4,450 |
Current liabilities |  | $ | 1,516 |  |  | $ | 2,329 |
Long-term liabilities |  | $ | 1,378 |  |  | $ | 1,268 |
Summarized Income Statements
|  | 2017 |  |  | 2016 |
Sales |  | $ | 5,425 |  |  | $ | 5,009 |
Cost of goods sold, expenses and income taxes |  |  | 5,099 |  |  |  | 4,668 |
Net income |  | $ | 326 |  |  | $ | 341 |
Carrying Amounts and Classification of Assets and Liabilities Included in Consolidated Balance Sheet Related to Consolidated VIE | The carrying amounts and classification of assets and liabilities included in the Company’s consolidated balance sheet related to the consolidated VIEs are as follows:
|  | 2017 |  |  | 2016 |
Current assets |  | $ | 260 |  |  | $ | 256 |
Non-current assets |  |  | 134 |  |  |  | 221 |
Total assets |  | $ | 394 |  |  | $ | 477 |
Current liabilities |  | $ | 251 |  |  | $ | 288 |
Non-current liabilities |  |  | 4 |  |  |  | 2 |
Total liabilities |  | $ | 255 |  |  | $ | 290 |
Equity Method Investments [Member] |
Ownership Percentages and Carrying Value Principal Equity Method Investments | The ownership percentages and carrying value of the Company’s principal equity method investments at December 31 were as follows [in millions, except percentages]:
|  |  |  |  | 2017 |  |  | 2016 |
Litens Automotive Partnership [“Litens”] [i] |  |  | 76.7 | % |  | $ | 221 |  |  | $ | 173 |
Getrag (Jiangxi) Transmission Co., Ltd |  |  | 66.7 | % |  | $ | 1,161 |  |  | $ | 1,015 |
Getrag Ford Transmission GmbH |  |  | 50.0 | % |  | $ | 334 |  |  | $ | 325 |
Dongfeng Getrag Transmission Co. Ltd [“DGT”] [ii] |  |  | 50.0 | % |  | $ | 84 |  |  | $ | 79 |
HAPM |  |  | 49.9 | % |  | $ | 116 |  |  | $ | — |
[i] | Litens – The Company accounts for its investment in Litens under the equity method of accounting as a result of significant participating rights that prevent control.
[ii] | DGT – DGT is a variable interest entity [“VIE”] and depends on the Company and the Dongfeng Motor Group Company for any additional cash needs. The Company cannot make key operating decisions considered to be most significant to the VIE, and is therefore not considered to be the primary beneficiary. Our known maximum exposure to loss approximated the carrying value of our investment balance as at December 31, 2017.

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33918-111571 + Details
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- Definition Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77990344&loc=d3e5747-111685 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=77990344&loc=SL6228884-111685 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77990344&loc=d3e5728-111685 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=77990344&loc=SL6759159-111685 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=77990344&loc=d3e5710-111685 + Details
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