Segment Information

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Segment Information

20. Segment Information

The Company has one operating segment which includes Autoliv’s airbag and seatbelt products and components. The operating results of the operating segment are regularly reviewed by the Company’s chief operating decision maker to assess the performance of the individual operating segment and make decisions about resources to be allocated to the operating segment.

The Company’s customers consist of all major European, U.S. and Asian automobile manufacturers. Sales to individual customers representing 10% or more of net sales were:

In 2021: Renault 13% (including Nissan and Mitsubishi), Stellantis 11% and VW 10%.

In 2020: Renault 13% (including Nissan and Mitsubishi), VW 11%, Stellantis 11% and Honda 10%.

In 2019: Renault 16% (including Nissan and Mitsubishi) and VW 10% and Honda 10%.

NET SALES BY REGION (Dollars in millions)	2021		2020		2019
China	$	1,766	$	1,541	$	1,525
Japan		733		733		810
Rest of Asia		908		769		841
Americas		2,535		2,337		2,907
Europe		2,289		2,067		2,464
Total	$	8,230	$	7,447	$	8,548

The Company has attributed net sales to the geographic area based on the location of the entity selling the final product.

External sales in the U.S. amounted to $1,724 million, $1,647 million and $2,090 million in 2021, 2020 and 2019, respectively. Of the external sales, exports from the U.S. to other regions amounted to approximately $280 million, $348 million and $463 million in 2021, 2020 and 2019, respectively.

NET SALES BY PRODUCT (Dollars in millions)	2021		2020		2019
Airbag Products1)	$	5,380	$	4,824	$	5,676
Seatbelt Products1)		2,850		2,623		2,871
Total net sales	$	8,230	$	7,447	$	8,548

1) Including Corporate and other sales.

LONG-LIVED ASSETS (Dollars in millions)	2021		2020
China	$	521	$	508
Japan		178		184
Rest of Asia		293		292
Americas		1,838		1,874
Europe		1,032		1,030
Total	$	3,862	$	3,888

Long-lived assets in the U.S. amounted to $1,774 million and $1,653 million for 2021 and 2020, respectively. For 2021 and 2020, $1,393 million and $1,235 million, respectively, of the long-lived assets in the U.S. refers to intangible assets, principally from acquisition goodwill.