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v3.24.1

Segmented Information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Information for Reporting Segments |
[b] | The following tables show segment information for the Company’s reporting segments and a reconciliation of Adjusted EBIT to the Company’s consolidated income before income taxes:
|  | 2023 |
|  | Total sales |  |  | External sales |  |  | Adjusted EBIT |  |  | Depreciation |  |  | Equity loss (income) |
Body Exteriors & Structures |  | $ | 17,511 |  |  | $ | 17,199 |  |  | $ | 1,304 |  |  | $ | 716 |  |  | $ | 4 |
Power & Vision |  |  | 14,305 |  |  |  | 14,052 |  |  |  | 668 |  |  |  | 510 |  |  |  | (107 | )
Seating Systems |  |  | 6,047 |  |  |  | 6,027 |  |  |  | 218 |  |  |  | 89 |  |  |  | (3 | )
Complete Vehicles |  |  | 5,538 |  |  |  | 5,502 |  |  |  | 124 |  |  |  | 100 |  |  |  | (8 | )
Corporate & Other [i] |  |  | (604 | ) |  |  | 17 |  |  |  | (76 | ) |  |  | 21 |  |  |  | 2 |
Total Reportable Segments |  | $ | 42,797 |  |  | $ | 42,797 |  |  | $ | 2,238 |  |  | $ | 1,436 |  |  | $ | (112 | )
|  | 2022 |
|  | Total sales |  |  | External sales |  |  | Adjusted EBIT |  |  | Depreciation |  |  | Equity loss (income) |
Body Exteriors & Structures |  | $ | 16,004 |  |  | $ | 15,763 |  |  | $ | 852 |  |  | $ | 697 |  |  | $ | 10 |
Power & Vision |  |  | 11,861 |  |  |  | 11,636 |  |  |  | 502 |  |  |  | 473 |  |  |  | (77 | )
Seating Systems |  |  | 5,269 |  |  |  | 5,252 |  |  |  | 104 |  |  |  | 79 |  |  |  | (15 | )
Complete Vehicles |  |  | 5,221 |  |  |  | 5,180 |  |  |  | 235 |  |  |  | 107 |  |  |  | (10 | )
Corporate & Other [i] |  |  | (515 | ) |  |  | 9 |  |  |  | 15 |  |  |  | 17 |  |  |  | 3 |
Total Reportable Segments |  | $ | 37,840 |  |  | $ | 37,840 |  |  | $ | 1,708 |  |  | $ | 1,373 |  |  | $ | (89 | )
|  | 2023 |
|  | Net assets |  |  | Investments |  |  | Goodwill |  |  | Fixed assets, net |  |  | Fixed asset additions |
Body Exteriors & Structures |  | $ | 8,147 |  |  | $ | 2 |  |  | $ | 452 |  |  | $ | 5,569 |  |  | $ | 1,638 |
Power & Vision |  |  | 7,880 |  |  |  | 696 |  |  |  | 1,929 |  |  |  | 2,991 |  |  |  | 664 |
Seating Systems |  |  | 1,340 |  |  |  | 172 |  |  |  | 257 |  |  |  | 506 |  |  |  | 108 |
Complete Vehicles |  |  | 574 |  |  |  | 100 |  |  |  | 109 |  |  |  | 453 |  |  |  | 65 |
Corporate & Other |  |  | 1,066 |  |  |  | 303 |  |  |  | 20 |  |  |  | 100 |  |  |  | 25 |
Total Reportable Segments |  | $ | 19,007 |  |  | $ | 1,273 |  |  | $ | 2,767 |  |  | $ | 9,619 |  |  | $ | 2,500 |
|  | 2022 |
|  | Net assets |  |  | Investments |  |  | Goodwill |  |  | Fixed assets, net |  |  | Fixed asset additions |
Body Exteriors & Structures |  | $ | 7,168 |  |  | $ | 6 |  |  | $ | 448 |  |  | $ | 4,557 |  |  | $ | 928 |
Power & Vision |  |  | 6,104 |  |  |  | 728 |  |  |  | 1,198 |  |  |  | 2,569 |  |  |  | 544 |
Seating Systems |  |  | 1,377 |  |  |  | 143 |  |  |  | 260 |  |  |  | 486 |  |  |  | 101 |
Complete Vehicles |  |  | 632 |  |  |  | 95 |  |  |  | 105 |  |  |  | 471 |  |  |  | 94 |
Corporate & Other |  |  | 802 |  |  |  | 457 |  |  |  | 20 |  |  |  | 90 |  |  |  | 14 |
Total Reportable Segments |  | $ | 16,083 |  |  | $ | 1,429 |  |  | $ | 2,031 |  |  | $ | 8,173 |  |  | $ | 1,681 |
[i] | Included in Corporate and Other Adjusted EBIT are intercompany fees charged to the automotive segments.
Schedule of Reconciliation for Adjusted EBIT to Consolidated Income Before Income Taxes |
[c] | The following table reconciles Net income from operations to Adjusted EBIT:
|  | 2023 |  |  | 2022 |
Net Income |  | $ | 1,286 |  |  | $ | 641 |
Add: |  |  |  |  |  |  |  |
Amortization of acquired intangible assets |  |  | 88 |  |  |  | 46 |
Interest expense, net |  |  | 156 |  |  |  | 81 |
Other expense, net |  |  | 388 |  |  |  | 703 |
Income taxes |  |  | 320 |  |  |  | 237 |
Adjusted EBIT |  | $ | 2,238 |  |  | $ | 1,708 |
Summary of Reconciles Total Assets to Net Assets |
[d] | The following table reconciles Total Assets to Net Assets:
|  | 2023 |  |  | 2022 |
Total Assets |  | $ | 32,255 |  |  | $ | 27,789 |
Deduct assets not included in segment net assets: |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | (1,198 | ) |  |  | (1,234 | )
Deferred tax assets |  |  | (621 | ) |  |  | (491 | )
Long-term receivables from joint venture partners |  |  | (49 | ) |  |  | (14 | )
Deduct liabilities included in segment net assets: |  |  |  |  |  |  |  |
Accounts payable |  |  | (7,842 | ) |  |  | (6,999 | )
Accrued salaries and wages |  |  | (912 | ) |  |  | (850 | )
Other accrued liabilities |  |  | (2,626 | ) |  |  | (2,118 | )
Segment Net Assets |  | $ | 19,007 |  |  | $ | 16,083 |
Schedule of Aggregates External Revenues by Customer |
[e] | The following table aggregates external revenues by customer as follows:
|  | 2023 |  |  | 2022 |
General Motors |  | $ | 6,162 |  |  | $ | 5,903 |
Daimler AG |  |  | 5,785 |  |  |  | 4,953 |
BMW |  |  | 5,334 |  |  |  | 5,243 |
Ford Motor Company |  |  | 5,317 |  |  |  | 4,904 |
Stellantis |  |  | 5,246 |  |  |  | 5,013 |
Volkswagen |  |  | 4,684 |  |  |  | 3,872 |
Other |  |  | 10,269 |  |  |  | 7,952 |
|  | $ | 42,797 |  |  | $ | 37,840 |
Schedule of External Revenues and Long-Lived Assets by Geographic Region |
[f] | The following table summarizes external revenues and long-lived assets by geographic region:
|  | External Sales |  |  | Fixed Assets, Net |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
North America |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 10,855 |  |  | $ | 9,648 |  |  | $ | 2,297 |  |  | $ | 1,860 |
Mexico |  |  | 4,958 |  |  |  | 4,393 |  |  |  | 1,509 |  |  |  | 1,260 |
Canada |  |  | 4,909 |  |  |  | 4,870 |  |  |  | 1,211 |  |  |  | 921 |
|  |  | 20,722 |  |  |  | 18,911 |  |  |  | 5,017 |  |  |  | 4,041 |
Europe |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Austria |  |  | 6,926 |  |  |  | 6,617 |  |  |  | 787 |  |  |  | 737 |
Germany |  |  | 4,403 |  |  |  | 3,800 |  |  |  | 831 |  |  |  | 832 |
Czech Republic |  |  | 1,330 |  |  |  | 1,024 |  |  |  | 342 |  |  |  | 307 |
Poland |  |  | 798 |  |  |  | 695 |  |  |  | 238 |  |  |  | 224 |
Italy |  |  | 464 |  |  |  | 357 |  |  |  | 240 |  |  |  | 223 |
United Kingdom |  |  | 442 |  |  |  | 343 |  |  |  | 162 |  |  |  | 163 |
Spain |  |  | 390 |  |  |  | 351 |  |  |  | 81 |  |  |  | 75 |
France |  |  | 337 |  |  |  | 381 |  |  |  | 77 |  |  |  | 61 |
Turkey |  |  | 325 |  |  |  | 305 |  |  |  | 9 |  |  |  | 7 |
Sweden |  |  | 322 |  |  |  | — |  |  |  | 150 |  |  |  | — |
Slovakia |  |  | 273 |  |  |  | 206 |  |  |  | 329 |  |  |  | 299 |
Other Europe |  |  | 207 |  |  |  | 216 |  |  |  | 214 |  |  |  | 203 |
|  |  | 16,217 |  |  |  | 14,295 |  |  |  | 3,460 |  |  |  | 3,131 |
Asia Pacific |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
China |  |  | 4,843 |  |  |  | 3,901 |  |  |  | 958 |  |  |  | 852 |
India |  |  | 242 |  |  |  | 228 |  |  |  | 100 |  |  |  | 82 |
Other Asia Pacific |  |  | 231 |  |  |  | 38 |  |  |  | 12 |  |  |  | 6 |
|  |  | 5,316 |  |  |  | 4,167 |  |  |  | 1,070 |  |  |  | 940 |
Rest of World |  |  | 542 |  |  |  | 467 |  |  |  | 72 |  |  |  | 61 |
|  | $ | 42,797 |  |  | $ | 37,840 |  |  | $ | 9,619 |  |  | $ | 8,173 |

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