Segment Information

3 Months Ended

Mar. 31, 2018

17. SEGMENT INFORMATION

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

	Three months ended
Net sales, including Intersegment Sales (Dollars in millions)	March 31, 2018			March 31, 2017
Passive Safety	$	2,237.9		$	2,040.2
Electronics		593.6			583.3
Total segment sales	$	2,831.5		$	2,623.5
Corporate and other		4.0			1.4
Intersegment sales		(22.7	)		(16.8	)
Total net sales	$	2,812.8		$	2,608.1

	Three months ended
Income before Income Taxes (Dollars in millions)	March 31, 2018			March 31, 2017
Passive Safety	$	225.3		$	204.9
Electronics		30.2			13.6
Segment operating income	$	255.5		$	218.5
Corporate and other		(30.1	)		(0.9	)
Interest and other non-operating expenses, net		(15.8	)		(23.7	)
(Loss) income from equity method investments		(12.7	)		0.5
Income before income taxes	$	196.9		$	194.4

	Three months ended
Capital Expenditures (Dollars in millions)	March 31, 2018		March 31, 2017
Passive Safety	$	109.4	$	101.1
Electronics		30.9		27.3
Corporate and other		0.7		1.1
Total capital expenditures	$	141.0	$	129.5

	Three months ended
Depreciation and Amortization (Dollars in millions)	March 31, 2018		March 31, 2017
Passive Safety	$	82.6	$	73.1
Electronics		26.3		38.8
Corporate and other		0.9		2.9
Total depreciation and amortization	$	109.8	$	114.8

	As of
Segment Assets (Dollars in millions)	March 31, 2018		December 31, 2017
Passive Safety	$	6,479.3	$	6,114.2
Electronics		1,803.7		1,588.4
Segment assets	$	8,283.0	$	7,702.6
Corporate and other¹⁾		595.1		847.3
Total assets	$	8,878.1	$	8,549.9

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