Segment Information

9 Months Ended

Sep. 30, 2015

Segment Information

14 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 its quarterly report for the period ending March 31, 2015. The Company has also recast the corresponding items of segment information for the three and nine month periods ended September 30, 2014 as set forth below.

	Three months ended						Nine months ended
Net sales, including Intersegment Sales	Sept 30,			Sept 30,			Sept 30,			Sept 30,
(Dollars in millions)	2015			2014			2015			2014
Passive Safety	$	1,797.2		$	1,862.9		$	5,552.9		$	5,828.3
Electronics		397.1			356.9			1,125.4			1,092.2
Total segment sales	$	2,194.3		$	2,219.8		$	6,678.3		$	6,920.5
Corporate and other		3.9			5.0			11.1			14.1
Intersegment sales		(13.7	)		(16.8	)		(39.3	)		(47.8	)
Total net sales	$	2,184.5		$	2,208.0		$	6,650.1		$	6,886.8
	Three months ended						Nine months ended
Income before Income Taxes	Sept 30,			Sept 30,			Sept 30,			Sept 30,
(Dollars in millions)	2015			2014			2015			2014
Passive Safety	$	145.8		$	144.6		$	404.7		$	410.7
Electronics		11.4			14.8			32.2			51.6
Segment operating income	$	157.2		$	159.4		$	436.9		$	462.3
Corporate and other		0.6			15.4			9.6			43.6
Interest and other non-operating expenses, net		(6.6	)		(19.7	)		(39.2	)		(48.0	)
Income from equity method investments		0.6			1.4			3.5			5.8
Income before income taxes	$	151.8		$	156.5		$	410.8		$	463.7

	Three months ended				Nine months ended
Capital Expenditures	Sept 30,		Sept 30,		Sept 30,		Sept 30,
(Dollars in millions)	2015		2014		2015		2014
Passive Safety	$	84.2	$	97.3	$	306.5	$	274.8
Electronics		12.4		19.8		37.1		50.3
Corporate and other		1.1		1.3		4.1		1.7
Total capital expenditures	$	97.7	$	118.4	$	347.7	$	326.8
	Three months ended				Nine months ended
Depreciation and Amortization	Sept 30,		Sept 30,		Sept 30,		Sept 30,
(Dollars in millions)	2015		2014		2015		2014
Passive Safety	$	67.1	$	64.5	$	192.6	$	190.7
Electronics		11.8		11.5		33.6		33.0
Corporate and other		1.2		1.4		3.4		4.3
Total depreciation and amortization	$	80.1	$	77.4	$	229.6	$	228.0

	As of
Segment Assets	Sept 30,		December 31,
(Dollars in millions)	2015		2014
Passive Safety	$	5,451.8	$	5,782.3
Electronics		943.6		713.9
Segment assets	$	6,395.4	$	6,496.2
Corporate and other1)		898.0		946.7
Total assets	$	7,293.4	$	7,442.9

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