Segment Information

3 Months Ended

Mar. 31, 2015

Segment Information

13 Segment Information

As of January 1, 2015 the Company changed its operating structure and now has two operating segments, Passive Safety and Electronics. Passive Safety includes Autoliv’s airbag and seatbelt businesses, while Electronics combines all of Autoliv’s electronics resources and expertise in both passive safety electronics and active safety. The change in operating structure, by integrating the passive electronics and active safety businesses into the new segment Electronics, has been made in order to more efficiently manage the Company’s business operations and allow for future growth. Additionally, changes made to the internal financial information and operating results of the new operating segments are regularly reviewed by the Company’s chief operating decision maker to assess the performance of the individual operating segments and make decisions about resources to be allocated to the operating segments. The Company began reporting its results under the two new operating segments, Passive Safety and Electronics, commencing with this quarterly report for the period ending March 31, 2015. The Company has also recasted the corresponding items of segment information for the period ended March 31, 2014 as set forth below.

	Three months ended
Net sales, including Intersegment Sales	March 31,			March 31,
(Dollars in millions)	2015			2014
Passive Safety	$	1,830.4		$	1,951.5
Electronics		351.2			354.8
Total segment sales	$	2,181.6		$	2,306.3
Corporate and other		4.2			4.0
Intersegment sales		(11.7	)		(14.5	)
Total net sales	$	2,174.1		$	2,295.8
	Three months ended
Income before Income Taxes	March 31,			March 31
(Dollars in millions)	2015			2014
Passive Safety	$	63.2		$	155.8
Electronics		9.0			18.7
Segment operating income	$	72.2		$	174.5
Corporate and other		7.8			17.2
Interest and other non-operating expenses, net		(16.8	)		(9.1	)
Income from equity method investments		1.3			1.7
Income before income taxes	$	64.5		$	184.3
	Three months ended
Capital Expenditures	March 31,			March 31
(Dollars in millions)	2015			2014
Passive Safety	$	121.2		$	80.4
Electronics		11.6			12.5
Corporate and other		2.0			0.4
Total capital expenditures	$	134.8		$	93.3

	Three months ended
Depreciation and Amortization	March 31,		March 31
(Dollars in millions)	2015		2014
Passive Safety	$	61.8	$	61.9
Electronics		10.7		10.4
Corporate and other		1.2		1.5
Total depreciation and amortization	$	73.7	$	73.8
	As of
Segment Assets	March 31,		December 31
(Dollars in millions)	2015		2014
Passive Safety	$	5,778.9	$	5,782.3
Electronics		745.9		713.9
Segment assets	$	6,524.8	$	6,496.2
Corporate and other1)		801.7		946.7
Total assets	$	7,326.5	$	7,442.9

1) Corporate and other assets mainly consists of cash and cash equivalents, income taxes and equity method investments.