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Segment Information
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Segment Information
Segment Information
In the first quarter of 2018, the Company revised its reportable segments to consist of the following three segments: Clean Air, Ride Performance and Aftermarket. The new reportable segments, which are also the Company's operating segments, align with how the Chief Operating Decision Maker allocates resources and assesses performance against the Company’s key growth strategies. Costs related to other business activities, primarily corporate headquarter functions, are disclosed separately from the three operating segments as "Other." We evaluate segment performance based primarily on earnings before interest expense, income taxes, and noncontrolling interests. Products are transferred between segments and geographic areas on a basis intended to reflect as nearly as possible the “market value” of the products. Prior period segment information has been retrospectively revised to reflect our current segmentation. These changes also resulted in changes to the Company's reporting units. The Company allocated goodwill to its new reporting units in the first quarter of 2018, using a relative fair value approach, assessed potential goodwill impairment for all reporting units immediately before and immediately after the reallocation, and determined that no impairment existed.
The following table summarizes certain of the Company's segment information:
 
Segments
 
 
 
 
 
 
 
Clean Air
 
Ride Performance
 
Aftermarket
 
Total
 
Other
 
Reclass & Elims
 
Total
 
(Millions)
At September 30, 2018 and for the Three Months Ended September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
1,602

 
$
461

 
$
309

 
$
2,372

 
$
—

 
$
—

 
$
2,372

Intersegment revenues
14

 
16

 
12

 
42

 
—

 
(42
)
 
—

EBIT, Earnings (loss) before interest expense, income taxes, and noncontrolling interests
104

 
(5
)
 
45

 
144

 
(40
)
 
—

 
104

Total assets
3,008

 
1,079

 
885

 
4,972

 
—

 
56

 
5,028

At September 30, 2017 and for the Three Months Ended September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
1,495

 
$
457

 
$
322

 
$
2,274

 
$
—

 
$
—

 
$
2,274

Intersegment revenues
11

 
18

 
8

 
37

 
—

 
(37
)
 
—

EBIT, Earnings (loss) before interest expense, income taxes, and noncontrolling interests
100

 
7

 
50

 
157

 
(23
)
 
—

 
134

Total assets
2,912

 
1,100

 
864

 
4,876

 
—

 
59

 
4,935

At September 30, 2018 and for the Nine Months Ended September 30, 2018
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
5,052

 
$
1,480

 
$
951

 
$
7,483

 
$
—

 
$
—

 
$
7,483

Intersegment revenues
42

 
45

 
35

 
122

 
—

 
(122
)
 
—

EBIT, Earnings (loss) before interest expense, income taxes, and noncontrolling interests
328

 
8

 
130

 
466

 
(132
)
 
—

 
334

Total assets
3,008

 
1,079

 
885

 
4,972

 
—

 
56

 
5,028

At September 30, 2017 and for the Nine Months Ended September 30, 2017
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
$
4,589

 
$
1,327

 
$
967

 
$
6,883

 
$
—

 
$
—

 
$
6,883

Intersegment revenues
53

 
46

 
29

 
128

 
—

 
(128
)
 
—

EBIT, Earnings (loss) before interest expense, income taxes, and noncontrolling interests
300

 
52

 
146

 
498

 
(216
)
 
—

 
282

Total assets
2,912

 
1,100

 
864

 
4,876

 
—

 
59

 
4,935