XML 42 R23.htm IDEA: XBRL DOCUMENT
v3.22.4

Stockholders' Equity and Non-controlling Interests | 12 Months Ended
--- | ---
Dec. 31, 2022
Equity [Abstract] |
Shareholders' Equity and Non-controlling Interests | Stockholders’ Equity and Non-controlling Interests Treasury Stock As of December 31, 2022 and 2021, respectively, the Company held 26,825,830 and 27,014,711 shares of common stock in treasury which may be used for satisfying obligations under employee incentive compensation arrangements. The Company values shares of common stock held in treasury at cost. Non-Controlling Interests Non-controlling interests in Visteon Corporation are as follows:
| December 31,
(In millions) | 2022 |  | 2021
Yanfeng Visteon Automotive Electronics Co., Ltd. | $ | 37 |  |  | $ | 33 |
Shanghai Visteon Automotive Electronics Co., Ltd. | 45 |  |  | 45 |
Changchun Visteon FAWAY Automotive Electronics Co., Ltd. | 15 |  |  | 20 |
Other | 2 |  |  | 2 |
| $ | 99 |  |  | $ | 100 |
Accumulated Other Comprehensive Income (Loss) Changes in AOCI and reclassifications out of AOCI by component includes:
| Year Ended December 31,
(In millions) | 2022 |  | 2021
Changes in AOCI: |  |  |
Beginning balance | $ | (229) |  |  | $ | (304) |
Other comprehensive income (loss) before reclassification, net of tax | 9 |  |  | 70 |
Amounts reclassified from AOCI | 7 |  |  | 5 |
Ending balance | $ | (213) |  |  | $ | (229) |
Changes in AOCI by component: |  |
Foreign currency translation adjustments |  |  |
Beginning balance | $ | (149) |  |  | $ | (115) |
Other comprehensive income (loss) before reclassification (a) | (64) |  |  | (34) |
Amounts reclassified from AOCI (b) | 3 |  |  | — |
Ending balance | (210) |  |  | (149) |
Net investment hedge |  |  |
Beginning balance | 4 |  |  | (15) |
Other comprehensive income (loss) before reclassification (a) | 11 |  |  | 25 |
Amounts reclassified from AOCI (c) | (3) |  |  | (6) |
Ending balance | 12 |  |  | 4 |
Benefit plans |  |  |
Beginning balance | (81) |  |  | (165) |
Other comprehensive income (loss) before reclassification, net of tax (d) | 54 |  |  | 79 |
Amounts reclassified from AOCI | 2 |  |  | 5 |
Ending balance | (25) |  |  | (81) |
Unrealized hedging gain (loss) |  |  |
Beginning balance | (3) |  |  | (9) |
Other comprehensive income (loss) before reclassification, net of tax (e) | 8 |  |  | — |
Amounts reclassified from AOCI | 5 |  |  | 6 |
Ending balance | 10 |  |  | (3) |
AOCI ending balance | $ | (213) |  |  | $ | (229) |
(a) There were no income tax effects for either period due to the valuation allowance. (b) Amount relates to foreign currency translation charge. (See Note, 20, "Other Income, net" for additional details.) (c) Amounts are included in "Interest expense" within the Consolidated Statements of Operations. (d) Amount included in the computation of net periodic pension cost. (See Note 11, "Employee Benefit Plans" for additional details.) Net of tax expense of $4 million, and tax expense of $4 million related to benefit plans for the years ended December 31, 2022 and 2021, respectively. (e) There were no income tax effects for the years ended December 31, 2022 and 2021.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI https://asc.fasb.org/topic&trid=2208762 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 40 -Section 50 -Paragraph 6 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126731327&loc=SL126733271-114008 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration