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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and equivalents $ 466 $ 496
Restricted cash 4 4
Accounts receivable, net 426 484
Inventories, net 210 177
Other current assets 138 180
Total current assets 1,244 1,341
Property and equipment, net 410 436
Intangible assets, net 122 127
Right-of-use assets 157 172
Investments in non-consolidated affiliates 63 60
Other non-current assets 126 135
Total assets 2,122 2,271
LIABILITIES AND EQUITY    
Short-term debt 6 0
Accounts payable 427 500
Accrued employee liabilities 70 83
Current lease liability 31 32
Other current liabilities 221 209
Total current liabilities 755 824
Long-term debt, net 349 349
Employee benefits 298 322
Non-current lease liability 132 146
Deferred tax liabilities 28 28
Other non-current liabilities 73 92
Stockholders’ equity:    
Preferred stock (par value $0.01, 50 million shares authorized, none outstanding as of June 30, 2021 and December 31, 2020) 0 0
Common stock (par value $0.01, 250 million shares authorized, 55 million shares issued, 28 million shares outstanding as of June 30, 2021 and December 31, 2020) 1 1
Additional paid-in capital 1,341 1,348
Retained earnings 1,628 1,623
Accumulated other comprehensive loss (305) (304)
Treasury stock (2,271) (2,281)
Total Visteon Corporation stockholders’ equity 394 387
Non-controlling interests 93 123
Total equity 487 510
Total liabilities and equity $ 2,122 $ 2,271