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Stockholders' Equity and Non-controlling Interests (Tables) | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Schedule of 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.
Schedule of 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) |

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