Segment Information

12 Months Ended

Dec. 31, 2022

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 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 2022: Renault 11% (including Nissan and Mitsubishi), Stellantis 11% and VW 10%.

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

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

NET SALES BY REGION (Dollars in millions)	2022		2021		2020
China	$	1,883	$	1,766	$	1,541
Japan		686		733		733
Rest of Asia		952		908		769
Americas		2,967		2,535		2,337
Europe		2,355		2,289		2,067
Total	$	8,842	$	8,230	$	7,447

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 $2,029 million, $1,724 million and $1,647 million in 2022, 2021 and 2020, respectively. Of the external sales, exports from the U.S. to other regions amounted to approximately $298 million, $280 million and $348 million in 2022, 2021 and 2020, respectively.

NET SALES BY PRODUCT (Dollars in millions)	2022		2021		2020
Airbag, Steering Wheels and Other1)	$	5,807	$	5,380	$	4,824
Seatbelt Products1)		3,035		2,850		2,623
Total net sales	$	8,842	$	8,230	$	7,447

1) Including Corporate and other sales.

LONG-LIVED ASSETS (Dollars in millions)	2022		2021
China	$	581	$	521
Japan		134		178
Rest of Asia		283		293
Americas		1,962		1,838
Europe		1,043		1,032
Total	$	4,003	$	3,862

Long-lived assets in the U.S. amounted to $1,626 million and $1,604 million for 2022 and 2021, respectively. For 2022 and 2021, $1,226 million and $1,227 million, respectively, of the long-lived assets in the U.S. refers to intangible assets, principally from acquisition goodwill.