Segment Information

9 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Segment Information

16 Segment Information

The Company has two segments, Passive Safety and Electronics. Passive Safety includes the Company’s airbag and seatbelt products and related expertise, while Electronics combines all of the Company’s electronics resources and expertise in restraint control and sensing, brake systems and active safety.

	Three months ended						Nine months ended
Net sales, including Intersegment Sales (Dollars in millions)	September 30, 2017			September 30, 2016			September 30, 2017			September 30, 2016
Passive Safety	$	1,952.4		$	1,898.7		$	5,976.0		$	5,883.5
Electronics		566.9			577.4			1,729.1			1,631.5
Total segment sales	$	2,519.3		$	2,476.1		$	7,705.1		$	7,515.0
Corporate and other		0.8			1.1			2.7			3.1
Intersegment sales		(19.7	)		(15.9	)		(54.4	)		(48.3	)
Total net sales	$	2,500.4		$	2,461.3		$	7,653.4		$	7,469.8

	Three months ended						Nine months ended
Income before Income Taxes (Dollars in millions)	September 30, 2017			September 30, 2016			September 30, 2017			September 30, 2016
Passive Safety	$	161.7		$	190.8		$	574.7		$	589.2
Electronics		8.4			5.0			32.9			31.7
Segment operating income	$	170.1		$	195.8		$	607.6		$	620.9
Corporate and other		(11.4	)		(4.7	)		(14.9	)		(11.9	)
Interest and other non-operating expenses, net		(16.8	)		(6.5	)		(59.1	)		(34.4	)
(Loss) income from equity method investments		(9.4	)		0.5			(16.5	)		1.2
Income before income taxes	$	132.5		$	185.1		$	517.1		$	575.8

	Three months ended				Nine months ended
Capital Expenditures (Dollars in millions)	September 30, 2017		September 30, 2016		September 30, 2017		September 30, 2016
Passive Safety	$	123.1	$	96.2	$	341.9	$	269.5
Electronics		19.8		22.8		69.9		66.8
Corporate and other		0.9		1.1		2.6		7.3
Total capital expenditures	$	143.8	$	120.1	$	414.4	$	343.6

	Three months ended				Nine months ended
Depreciation and Amortization (Dollars in millions)	September 30, 2017		September 30, 2016		September 30, 2017		September 30, 2016
Passive Safety	$	77.0	$	69.2	$	224.8	$	206.8
Electronics		24.9		26.2		86.2		66.0
Corporate and other		2.3		2.2		7.6		6.6
Total depreciation and amortization	$	104.2	$	97.6	$	318.6	$	279.4

	As of
Segment Assets (Dollars in millions)	September 30, 2017		December 31, 2016
Passive Safety	$	6,092.9	$	5,637.0
Electronics		1,785.5		1,715.5
Segment assets	$	7,878.4	$	7,352.5
Corporate and other1)		706.8		881.9
Total assets	$	8,585.2	$	8,234.4

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