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Segment Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Information

12. Segment Information

The Company has a single operating and reportable segment which includes Autoliv’s airbag and steering wheels, and seatbelt products and components. The determination of a single operating segment is consistent with the consolidated financial information regularly provided to the Company’s chief operating decision maker (“CODM”). The basis of segmentation and the basis of measurement of segment profit or loss is consistent with our 2024 annual report on the consolidated financial statements.

The Company’s CEO, as the CODM, uses consolidated, single-segment financial information for purposes of evaluating performance, making operating decisions and allocating resources. The CODM assesses the Company's performance and decides how to allocate resources based on consolidated net income (loss) in the Consolidated Statements of Income, which is assessed to be the segment measure of profit or loss. This measure is used to monitor actual results to evaluate the performance of the segment versus the strategic targets.

The significant expenses that are regularly provided to the CODM are disclosed in the Consolidated Statements of Net Income as a part of the consolidated net income and are as follows.

 

Significant segment expenses / income (Dollars in millions)

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Total direct costs

 

$

(1,734

)

 

$

(1,805

)

Total production overhead costs

 

 

(365

)

 

 

(367

)

Cost of sales

 

$

(2,100

)

 

$

(2,172

)

 

 

 

 

 

 

 

Research, development and engineering expenses (gross)

 

$

(147

)

 

$

(157

)

Reimbursements from customer funded engineering projects

 

 

52

 

 

 

45

 

Research, development and engineering expenses, net

 

$

(95

)

 

$

(113

)

The Company's other significant segment items that are regularly provided to the CODM include selling, general and administrative expenses, and other income (expense), which are disclosed as separate line items in the Consolidated Statements of Income. Other expenses consist of Income from equity method investments, Interest income, Interest expense, Other non-operating items, net, and Income taxes, which are disclosed as separate line items in the Consolidated Statements of Income.

The segment assets are equal to the assets presented in the Consolidated Balance Sheets. Expenditures for long-lived segment assets are equal to the line items Expenditures for property, plant and equipment in the Consolidated Statements of Cash Flow. The segment assets and expenditures for long-lived assets for the periods presented are as follows.

 

Segment assets and expenditures for long-lived assets (Dollars in millions)

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Total assets

 

$

8,114

 

 

$

8,324

 

Expenditures for long-lived assets

 

 

(102

)

 

 

(140

)