XML 46 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure
number in Millions
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Value of Initial Fixed
$100 Investment Based on(4):
Year(1)
SCT Total for
 CEO
($)
CAP to
 CEO(2)
($)
Average
 SCT Total
for non-CEO
 NEOs(3)
($)
Average
 CAP to
non-CEO
 NEOs(2)
($)
Total
 Shareholder
 Return(4)
($)
Peer Group Total
 Shareholder
 Return(4)(5)
($)
Net Income
($) in millions
Adjusted
 Operating
 Income(6)
($) in millions
202417,441,535 3,762,974 5,099,892 1,275,429 75 72 507 1,091 
202318,891,372 25,295,686 5,368,345 7,211,982 110 95 573 1,115 
202215,376,344 4,822,793 4,550,657 530,131 94 86 328 886 
202113,306,375 23,444,040 4,073,394 6,711,337 136 128 374 958 
202014,714,769 16,162,189 4,507,854 5,697,177 117 117 159 614 
        
Company Selected Measure Name Adjusted Operating Income        
Named Executive Officers, Footnote Mr. Scott served as the CEO for each year in the table, and Messrs. Cardew, Orsini and Esposito served as non-CEO NEOs for each year in the table. Mr. Kemp served as a non-CEO NEO for 2023 and 2024, Ms. Davis served as a non-CEO NEO for 2024 and Mr. DiDonato, who retired in 2023, served as a non-CEO NEO for 2020, 2021 and 2022.        
Peer Group Issuers, Footnote Our PVP Peer Group is the same peer group used in the Performance Graph for purposes of Item 201(e)(1)(ii) of Regulation S-K in our Annual Report on Form 10-K (“10-K Peer Group”). Our 10-K Peer Group was selected because we do not believe that there is a single published industry or line of business index that is appropriate for comparing total shareholder returns. As a result, our selected 10-K Peer Group is comprised of representative independent automotive suppliers whose common stock is publicly traded. For 2024, 2023, 2022, 2021 and 2020, this column reflects the five-year, four-year, three-year, two-year and one-year Peer Group Cumulative TSR, respectively, of our 2024 10-K Peer Group, which is comprised of the following companies: Adient plc, American Axle & Manufacturing Holdings Inc., Aptiv PLC, Autoliv, Inc., BorgWarner Inc., Continental AG, Dana Incorporated, Forvia SE (formerly known as Faurecia SE), Gentex Corporation, Gentherm Incorporated, Magna International Inc., Valeo and Visteon Corporation.        
PEO Total Compensation Amount $ 17,441,535 $ 18,891,372 $ 15,376,344 $ 13,306,375 $ 14,714,769
PEO Actually Paid Compensation Amount $ 3,762,974 25,295,686 4,822,793 23,444,040 16,162,189
Adjustment To PEO Compensation, Footnote
Reconciliations of SCT Total Compensation to CAP Total Compensation for our CEO and Average SCT Total Compensation to Average CAP Total Compensation for our non-CEO NEOs is shown below:
Pension Valuation Adjustments
Equity Award Adjustments(2)
YearExecutive(s)
Reported SCT Total
($)
Deduct Change in Pension Value
($)(1)
Deduct Stock Awards
($)
Add Year-End Value of Unvested Equity Awards Granted in Year
($)
Change in Value of Unvested Equity Awards Granted in Prior Years
($)
Change in Value of Equity Awards Granted in Prior Years Which Vested in Year
($)
CAP Total
($)
2024
CEO
17,441,535 (44,310)(13,263,959)7,670,699 (4,988,058)(3,052,932)3,762,974 
Non-CEO NEO
5,099,892 — (3,423,975)2,207,171 (2,088,040)(519,618)1,275,429 
2023CEO18,891,372 (41,649)(13,349,215)17,035,840 1,363,813 1,395,525 25,295,686 
Non-CEO NEO
5,368,345 (16,970)(3,096,481)3,904,657 670,357 382,074 7,211,982 
2022CEO15,376,344 — (11,118,747)7,283,518 (3,867,535)(2,850,787)4,822,793 
Non-CEO NEO
4,550,657 — (2,631,326)1,730,867 (2,238,827)(881,241)530,130 
2021CEO13,306,375 — (9,737,072)12,089,428 1,757,058 6,028,251 23,444,040 
Non-CEO NEO
4,073,394 — (2,431,458)3,009,472 1,110,158 949,771 6,711,337 
2020
CEO
14,714,769 (366,594)(11,700,831)14,420,251 126,205 (1,031,611)16,162,189 
Non-CEO NEO
4,507,854 (65,707)(3,194,013)3,909,610 506,184 33,249 5,697,177 
(1)Reflects a deduction for the aggregate change in the actuarial present value of the amounts reported in the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column of the Summary Compensation Table. For all years, there was no pension value attributable to “service cost” or “prior service cost,” so no adjustments are reflected for these values required to be added as part of the CAP pension valuation adjustments.
(2)For all years, (a) no equity awards vested in the year of grant, (b) no equity awards granted in prior years were forfeited, (c) no equity awards were modified during the year, and (d) no dividends or other earnings were paid prior to the applicable vesting date that were not otherwise accounted for in total compensation for the year, so no adjustments are reflected for these values required to be added as part of the CAP equity award adjustments. The fair value of option and stock awards is determined in accordance with ASC 718, “Compensation – Stock Compensation.” The fair value of outstanding performance-based stock awards reflects the expected performance results as of year-end.
        
Non-PEO NEO Average Total Compensation Amount $ 5,099,892 5,368,345 4,550,657 4,073,394 4,507,854
Non-PEO NEO Average Compensation Actually Paid Amount   7,211,982 530,131 6,711,337 5,697,177
Adjustment to Non-PEO NEO Compensation Footnote
Reconciliations of SCT Total Compensation to CAP Total Compensation for our CEO and Average SCT Total Compensation to Average CAP Total Compensation for our non-CEO NEOs is shown below:
Pension Valuation Adjustments
Equity Award Adjustments(2)
YearExecutive(s)
Reported SCT Total
($)
Deduct Change in Pension Value
($)(1)
Deduct Stock Awards
($)
Add Year-End Value of Unvested Equity Awards Granted in Year
($)
Change in Value of Unvested Equity Awards Granted in Prior Years
($)
Change in Value of Equity Awards Granted in Prior Years Which Vested in Year
($)
CAP Total
($)
2024
CEO
17,441,535 (44,310)(13,263,959)7,670,699 (4,988,058)(3,052,932)3,762,974 
Non-CEO NEO
5,099,892 — (3,423,975)2,207,171 (2,088,040)(519,618)1,275,429 
2023CEO18,891,372 (41,649)(13,349,215)17,035,840 1,363,813 1,395,525 25,295,686 
Non-CEO NEO
5,368,345 (16,970)(3,096,481)3,904,657 670,357 382,074 7,211,982 
2022CEO15,376,344 — (11,118,747)7,283,518 (3,867,535)(2,850,787)4,822,793 
Non-CEO NEO
4,550,657 — (2,631,326)1,730,867 (2,238,827)(881,241)530,130 
2021CEO13,306,375 — (9,737,072)12,089,428 1,757,058 6,028,251 23,444,040 
Non-CEO NEO
4,073,394 — (2,431,458)3,009,472 1,110,158 949,771 6,711,337 
2020
CEO
14,714,769 (366,594)(11,700,831)14,420,251 126,205 (1,031,611)16,162,189 
Non-CEO NEO
4,507,854 (65,707)(3,194,013)3,909,610 506,184 33,249 5,697,177 
(1)Reflects a deduction for the aggregate change in the actuarial present value of the amounts reported in the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column of the Summary Compensation Table. For all years, there was no pension value attributable to “service cost” or “prior service cost,” so no adjustments are reflected for these values required to be added as part of the CAP pension valuation adjustments.
(2)For all years, (a) no equity awards vested in the year of grant, (b) no equity awards granted in prior years were forfeited, (c) no equity awards were modified during the year, and (d) no dividends or other earnings were paid prior to the applicable vesting date that were not otherwise accounted for in total compensation for the year, so no adjustments are reflected for these values required to be added as part of the CAP equity award adjustments. The fair value of option and stock awards is determined in accordance with ASC 718, “Compensation – Stock Compensation.” The fair value of outstanding performance-based stock awards reflects the expected performance results as of year-end.
        
Compensation Actually Paid vs. Total Shareholder Return
-549755872886
        
Compensation Actually Paid vs. Net Income 549755874174        
Compensation Actually Paid vs. Company Selected Measure
549755874967
        
Total Shareholder Return Vs Peer Group
-549755872886
        
Tabular List, Table
Most Important Performance Measures
Adjusted Operating Income*
Adjusted Pretax Income*
Free Cash Flow*
Adjusted ROIC Improvement*
        
Total Shareholder Return Amount $ 75 110 94 136 117
Peer Group Total Shareholder Return Amount 72 95 86 128 117
Net Income (Loss) $ 507,000,000 $ 573,000,000 $ 328,000,000 $ 374,000,000 $ 159,000,000
Company Selected Measure Amount 1,091 1,115 886 958 614
PEO Name Mr. Scott        
Additional 402(v) Disclosure Represents CAP for our CEO and Average CAP for our non-CEO NEOs as a group, as determined in accordance with Item 402(v) of Regulation S-K, and does not reflect the compensation ultimately earned or realized by our CEO or non-CEO NEOs.
(3) Reflects the average SCT total of our non-CEO NEOs (determined as set forth below).
(4) Reflects our Cumulative TSR and our Peer Group Cumulative TSR for each measurement period from December 31, 2019 through December 31, 2024. Dividends are assumed to be reinvested, and the returns of each company in our PVP Peer Group are weighted to reflect relative stock market capitalization. Results assume that $100 was invested on December 31, 2019, in each of our common stock and the stocks comprising our PVP Peer Group.
        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted Operating Income*        
Non-GAAP Measure Description Adjusted Operating Income is a performance measure in the AIP and highly correlated to the other financial measures used in the annual and long-term incentive plans. See the “Compensation Discussion and Analysis” above for a description of how this measure was determined in 2024 and the “Compensation Discussion and Analysis” in our 2023, 2022, 2021 and 2020 proxy statements for descriptions of how this measure was determined in 2023, 2022, 2021 and 2020, respectively. Adjusted Operating Income is a Non-GAAP financial measure. See pages 43 and 47 and Appendix A "Reconciliation of Non-GAAP Financial Measures" on page 90 for more information on this financial measure and how it is used.        
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted Pretax Income*        
Measure:: 3          
Pay vs Performance Disclosure          
Name Free Cash Flow*        
Measure:: 4          
Pay vs Performance Disclosure          
Name Adjusted ROIC Improvement*        
Stock Price Low [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 92.95 $ 118.96 $ 119.69 $ 146.17 $ 70.00
Stock Price High [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 146.07 155.51 192.81 203.13 164.99
Stock Price at Year End [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 94.70 141.21 124.02 182.95 159.03
PEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,762,974 25,295,686 4,822,793 23,444,040 16,162,189
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 7,670,699 17,035,840 7,283,518 12,089,428 14,420,251
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (4,988,058) 1,363,813 (3,867,535) 1,757,058 126,205
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,052,932) 1,395,525 (2,850,787) 6,028,251 (1,031,611)
PEO | Change In Pension Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (44,310) (41,649) 0 0 (366,594)
PEO | Stock Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (13,263,959) (13,349,215) (11,118,747) (9,737,072) (11,700,831)
Non-PEO NEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,275,429 7,211,982 530,130 6,711,337 5,697,177
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,207,171 3,904,657 1,730,867 3,009,472 3,909,610
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,088,040) 670,357 (2,238,827) 1,110,158 506,184
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (519,618) 382,074 (881,241) 949,771 33,249
Non-PEO NEO | Change In Pension Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 (16,970) 0 0 (65,707)
Non-PEO NEO | Stock Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (3,423,975) $ (3,096,481) $ (2,631,326) $ (2,431,458) $ (3,194,013)