XML 29 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]    
Sales $ 38,946 $ 36,445
Costs and expenses    
Cost of goods sold 33,258 31,123
Depreciation and amortization 1,173 1,056
Selling, general and administrative 1,668 1,601
Interest expense, net 70 88
Equity income (261) (233)
Other expense, net 39 30
Income from operations before income taxes 2,999 2,780
Income taxes 744 706
Net income 2,255 2,074
Income attributable to non-controlling interests (49) (43)
Net income attributable to Magna International Inc. $ 2,206 $ 2,031
Earnings per Common Share:    
Basic $ 5.93 $ 5.19
Diluted $ 5.90 $ 5.16
Weighted average number of Common Shares outstanding during the year [in millions]:    
Basic 371.8 391.0
Diluted 373.9 393.2