Related Party Transactions

12 Months Ended

Dec. 31, 2018

Related Party Transactions [Abstract]

Related Party Transactions

21. Related Party Transactions

Throughout the periods covered by consolidated financial statements, Autoliv purchased finished goods from Veoneer. Related party purchases from Veoneer amounted to approximately $78 million and $76 million for the full year 2018 and 2017, respectively.

Amounts due to and due from related parties as of December 31, 2018 and December 31, 2017 are summarized in the below table:

	As of
Related party (Dollars in millions)	December 31, 2018		December 31, 2017
Related party receivables	$	15.0	$	—
Related party payables		50.7
Related party accrued expenses		13.0		—

Related party receivables primarily relate to an agreement between Autoliv and Veoneer.

The related party payables are mainly driven by Reseller Agreements put in place in connection with the spin-off. The Reseller Agreements are between Autoliv and Veoneer to facilitate the temporary arrangement of the sale of Veoneer products in the interim period post spin-off. For further information, see Note 3. Discontinued Operations above.