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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2021
Dec. 31, 2020
ASSETS    
Cash and equivalents $ 397 $ 496
Restricted cash 4 4
Accounts receivable, net 423 484
Inventories, net 253 177
Other current assets 156 180
Total current assets 1,233 1,341
Property and equipment, net 393 436
Intangible assets, net 120 127
Right-of-use assets 148 172
Investments in non-consolidated affiliates 49 60
Other non-current assets 117 135
Total assets 2,060 2,271
LIABILITIES AND EQUITY    
Short-term debt 5 0
Accounts payable 416 500
Accrued employee liabilities 74 83
Current lease liability 29 32
Other current liabilities 187 209
Total current liabilities 711 824
Long-term debt, net 349 349
Employee benefits 285 322
Non-current lease liability 125 146
Deferred tax liabilities 26 28
Other non-current liabilities 71 92
Stockholders’ equity:    
Preferred stock (par value $0.01, 50 million shares authorized, none outstanding as of September 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 September 30, 2021 and December 31, 2020) 1 1
Additional paid-in capital 1,344 1,348
Retained earnings 1,633 1,623
Accumulated other comprehensive loss (310) (304)
Treasury stock (2,269) (2,281)
Total Visteon Corporation stockholders’ equity 399 387
Non-controlling interests 94 123
Total equity 493 510
Total liabilities and equity $ 2,060 $ 2,271