XML 29 R16.htm IDEA: XBRL DOCUMENT
v3.24.2

Stockholders' Equity and Non-controlling Interests | 6 Months Ended
--- | ---
Jun. 30, 2024
Equity [Abstract] |
Stockholders' Equity and Non-controlling Interests | Stockholders’ Equity and Non-controlling Interests Non-Controlling Interests The Company's non-controlling interests are as follows:
| June 30, |  | December 31,
(In millions) | 2024 |  | 2023
Shanghai Visteon Automotive Electronics, Co., Ltd. | $ | 51 |  |  | $ | 51 |
Yanfeng Visteon Automotive Electronics Co., Ltd. | 20 |  |  | 18 |
Changchun Visteon FAWAY Automotive Electronics, Co., Ltd. | 13 |  |  | 14 |
Other | 1 |  |  | 2 |
| $ | 85 |  |  | $ | 85 |
During the six months ended June 30, 2024, the Company paid approximately $1 million to buy-out the shares of a minority joint venture partner in Tunisia. Accumulated Other Comprehensive Income (Loss) Changes in Accumulated other comprehensive income (loss) (“AOCI”) and reclassifications out of AOCI by component include:
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions) | 2024 |  | 2023 |  | 2024 |  | 2023
Changes in AOCI: |  |  |  |  |  |  |
Beginning balance | $ | (268) |  |  | $ | (197) |  |  | $ | (254) |  |  | $ | (213) |
Other comprehensive income (loss) before reclassification, net of tax | (21) |  |  | (19) |  |  | (38) |  |  | (4) |
Amounts reclassified from AOCI | 3 |  |  | 3 |  |  | 6 |  |  | 4 |
Ending balance | $ | (286) |  |  | $ | (213) |  |  | $ | (286) |  |  | $ | (213) |
Changes in AOCI by Component: |  |  |  |  |  |  |
Foreign currency translation adjustments |  |  |  |  |  |  |
Beginning balance | $ | (214) |  |  | $ | (189) |  |  | $ | (192) |  |  | $ | (210) |
Other comprehensive income (loss) before reclassification, net of tax | (24) |  |  | (19) |  |  | (46) |  |  | 2 |
Ending balance | (238) |  |  | (208) |  |  | (238) |  |  | (208) |
Net investment hedge |  |  |  |  |  |  |
Beginning balance | 12 |  |  | 11 |  |  | 5 |  |  | 12 |
Other comprehensive income (loss) before reclassification, net of tax | 3 |  |  | (2) |  |  | 10 |  |  | (3) |
Amounts reclassified from AOCI | — |  |  | — |  |  | — |  |  | — |
Ending balance | 15 |  |  | 9 |  |  | 15 |  | 9 |
Benefit plans |  |  |  |  |  |  |
Beginning balance | (76) |  |  | (26) |  |  | (76) |  |  | (25) |
Other comprehensive income (loss) before reclassification, net of tax | — |  |  | — |  |  | — |  |  | — |
Amounts reclassified from AOCI | — |  |  | — |  |  | — |  |  | (1) |
Ending balance | (76) |  |  | (26) |  |  | (76) |  |  | (26) |
Unrealized hedging gain (loss) |  |  |  |  |  |  |
Beginning balance | 10 |  |  | 7 |  |  | 9 |  |  | 10 |
Other comprehensive income (loss) before reclassification, net of tax | — |  |  | 2 |  |  | (2) |  |  | (3) |
Amounts reclassified from AOCI | 3 |  |  | 3 |  |  | 6 |  |  | 5 |
Ending balance | 13 |  |  | 12 |  |  | 13 |  |  | 12 |
Total AOCI | $ | (286) |  |  | $ | (213) |  |  | $ | (286) |  |  | $ | (213) |

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 equity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478448/946-505-50-6 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-6 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-16 Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration