Segment Information

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Segment Information

19. Segment Information

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

NET SALES, INCLUDING INTERSEGMENT SALES	2017			2016			2015
Passive Safety	$	8,134.6		$	7,918.8		$	7,621.2
Electronics		2,322.2			2,215.6			1,588.7
Total segment sales		10,456.8			10,134.4			9,209.9
Corporate and other		3.1			5.8			14.7
Intersegment sales		(77.3	)		(66.6	)		(55.0	)
Total net sales	$	10,382.6		$	10,073.6		$	9,169.6

INCOME BEFORE INCOME TAXES	2017			2016			2015
Passive Safety	$	833.4		$	817.7		$	669.2
Electronics1)		(180.2	)		61.5			64.5
Segment operating income		653.2			879.2			733.7
Corporate and other		(47.9	)		(31.5	)		(5.9	)
Interest and other non-operating expenses, net		(69.8	)		(46.5	)		(56.8	)
Income from equity method investments		(29.0	)		2.6			4.7
Income before income taxes	$	506.5		$	803.8		$	675.7

1) Goodwill impairment charge reduced income before income taxes by $234 million in 2017.

CAPITAL EXPENDITURES	2017		2016		2015
Passive Safety	$	465.2	$	394.7	$	405.6
Electronics		109.6		100.9		53.2
Corporate and other		5.3		11.2		7.0
Total capital expenditures	$	580.1	$	506.8	$	465.8

DEPRECIATION AND AMORTIZATION	2017		2016		2015
Passive Safety	$	302.7	$	278.5	$	264.5
Electronics		112.6		96.1		49.3
Corporate and other		10.5		8.4		5.3
Total depreciation and amortization	$	425.8	$	383.0	$	319.1

SEGMENT ASSETS	2017		2016
Passive Safety	$	6,114.2	$	5,637.0
Electronics1)		1,588.4		1,715.5
Segment assets	$	7,702.6	$	7,352.5
Corporate and other 2)		847.3		881.9
Total assets	$	8,549.9	$	8,234.4

1) Goodwill impairment charge reduced segment assets by $234 million in 2017.

2) Corporateandotherassetsmainly consistofcashandcashequivalents,incometaxesandequity methodinvestments.

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 2017: Renault 13% (including Nissan and Mitsubishi), Ford 10%, Honda 10% and Hyundai/Kia 10%.

In 2016: Renault 11% (including Nissan), Ford 11% and Hyundai/Kia 11%.

In 2015: GM 12% (including Opel, etc.), Ford 12% and Renault 10% (including Nissan).

NET SALES BY REGION	2017		2016		2015
Asia	$	3,845.0	$	3,617.4	$	3,077.4
Whereof: China		1,839.0		1,766.2		1,523.7
Japan		1,040.8		949.7		668.0
Rest of Asia		965.2		901.5		885.7
Americas		3,247.4		3,380.4		3,264.8
Europe		3,290.2		3,075.8		2,827.4
Total	$	10,382.6	$	10,073.6	$	9,169.6

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 $2,501 million, $2,694 million and $2,469 million in 2017, 2016 and 2015, respectively. Of the external sales, exports from the U.S. to other regions amounted to approximately $521 million, $645 million and $527 million in 2017, 2016 and 2015, respectively.

NET SALES BY PRODUCT	2017		2016		2015
Airbag Products1)	$	5,342.3	$	5,255.8	$	5,036.2
Seatbelt Products1)		2,793.6		2,665.2		2,599.1
Restraint Control Systems		997.3		1,031.0		923.2
Active Safety		776.6		738.6		611.1
Brake Control Systems		472.8		383.0		—
Total net sales	$	10,382.6	$	10,073.6	$	9,169.6

3) Including Corporate and other sales.

LONG-LIVED ASSETS	2017		2016
Asia	$	1,281	$	1,147
Whereof: China		665		556
Japan		380		376
Rest of Asia		236		215
Americas		1,978		2,206
Europe		1,086		741
Total	$	4,345	$	4,094

Long-lived assets in the U.S. amounted to $1,951 million and $2,018 million for 2017 and 2016, respectively. For 2017, $1,541 million (2016, $1,678 million) of the long-lived assets in the U.S. refers to intangible assets, principally from acquisition goodwill.