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CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Millions, $ in Millions
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Cash and equivalents $ 520 $ 452
Restricted cash 3 3
Accounts receivable, net 672 549
Inventories, net 348 262
Other current assets 167 158
Total current assets 1,710 1,424
Property and equipment, net 364 388
Intangible assets, net 99 118
Right-of-use assets 124 139
Investments in non-consolidated affiliates 49 54
Other non-current assets 104 111
Total assets 2,450 2,234
LIABILITIES AND EQUITY    
Short-term debt 13 4
Accounts payable 657 522
Accrued employee liabilities 90 80
Current lease liability 29 28
Other current liabilities 246 218
Total current liabilities 1,035 852
Long-term debt, net 336 349
Employee benefits 115 198
Non-current lease liability 99 117
Deferred tax liabilities 27 27
Other non-current liabilities 64 75
Stockholders’ equity:    
Preferred stock (par value $0.01, 50 million shares authorized, none outstanding as of December 31, 2022 and 2021) 0 0
Common stock (par value $0.01, 250 million shares authorized, 55 million shares issued, 28.2 and 28.0 million shares outstanding as of December 31, 2022 and December 31, 2021, respectively) 1 1
Additional paid-in capital 1,352 1,349
Retained earnings 1,788 1,664
Accumulated other comprehensive loss (213) (229)
Treasury stock (2,253) (2,269)
Total Visteon Corporation stockholders’ equity 675 516
Non-controlling interests 99 100
Total equity 774 616
Total liabilities and equity $ 2,450 $ 2,234
Common stock, shares outstanding (in shares) 28.2 28.0