XML 47 R35.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock-holders' Equity and Non-controlling Interests (Tables)
 3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Schedule of Stockholders Equity [Table Text Block]
Changes in equity for the three months ended March 31, 2018 and 2017 are as follows:
 
2018
 
2017
 
Visteon
 
NCI
 
Total
 
Visteon
 
NCI
 
Total
 
(Dollars in Millions)
Three Months Ended March 31, 2018
 
 
 
 
 
 
 
 
 
 
 
Beginning balance
$
637

 
$
124

 
$
761

 
$
586

 
$
138

 
$
724

Net income from continuing operations
63

 
4

 
67

 
55

 
4

 
59

Net income from discontinued operations
2

 
—

 
2

 
8

 
—

 
8

Net income
65

 
4

 
69

 
63

 
4

 
67

Other comprehensive income (loss)
 
 
 
 
 
 
 
 
 
 
 
    Foreign currency translation adjustments
20

 
6

 
26

 
19

 
1

 
20

    Net investment hedge
(6
)
 
—

 
(6
)
 
(1
)
 
—

 
(1
)
    Unrealized hedging gain
3

 
—

 
3

 
4

 
—

 
4

    Total other comprehensive income
17

 
6

 
23

 
22

 
1

 
23

Stock-based compensation, net
(13
)
 
—

 
(13
)
 
2

 
—

 
2

Share repurchases

(200
)
 
—

 
(200
)
 
(125
)
 
—

 
(125
)
Dividends to non-controlling interests
—

 
(25
)
 
(25
)
 
—

 
(11
)
 
(11
)
Ending balance
$
506

 
$
109

 
$
615

 
$
548

 
$
132

 
$
680
Schedule of Non-controlling Interests [Table Text Block]
The Company's non-controlling interests are as follows:
 
March 31
 
December 31
 
2018
 
2017
 
(Dollars in Millions)
Yanfeng Visteon Automotive Electronics Co., Ltd.
$
64

 
$
77

Shanghai Visteon Automotive Electronics, Co., Ltd.
43

 
44

Other
2

 
3

 
$
109

 
$
124
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
Changes in Accumulated other comprehensive income (loss) (“AOCI”) and reclassifications out of AOCI by component include:
 
Three Months Ended March 31
 
2018
 
2017
 
(Dollars in Millions)
Changes in AOCI:
 
 
 
Beginning balance
$
(174
)
 
$
(233
)
Other comprehensive income before reclassification, net of tax
17

 
20

Amounts reclassified from AOCI
—

 
2

Ending balance
$
(157
)
 
$
(211
)
Changes in AOCI by Component:
Foreign currency translation adjustments
 
 
 
  Beginning balance
$
(100
)
 
$
(163
)
Other comprehensive income before reclassification, net of tax (a)
20

 
19

  Ending balance
(80
)
 
(144
)
Net investment hedge
 
 
 
  Beginning balance
(12
)
 
10

  Other comprehensive loss before reclassification, net of tax (a)
(6
)
 
(1
)
  Ending balance
(18
)
 
9

Benefit plans
 
 
 
  Beginning balance
(63
)
 
(75
)
  Other comprehensive income before reclassification, net of tax (a)
—

 
—

  Amounts reclassified from AOCI
—

 
—

  Ending balance
(63
)
 
(75
)
Unrealized hedging (loss) gain
 
 
 
  Beginning balance
1

 
(5
)
  Other comprehensive income before reclassification, net of tax (b)
3

 
2

  Amounts reclassified from AOCI
—

 
2

  Ending balance
4

 
(1
)
Total AOCI
$
(157
)
 
$
(211
)
(a) Net tax expense was less than $1 million effects for the three months ended March 31, 2018. Income tax effects for all other periods are zero after recording offsetting valuation allowance.
(b) Net tax expense of less than $1 million and $1 million are related to unrealized hedging (losses) gains for the three months ended March 31, 2018 and 2017, respectively.