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Segment Information
 12 Months Ended
Dec. 31, 2018
Segment Reporting [Abstract]  
Segment Information

22. Segment Information

The Company has one operating segment, Passive Safety, which includes Autoliv’s airbag and seatbelt products and components. The operating results of the operating segment are regularly reviewed by the Company’s chief operating decision maker to assess the performance of the individual operating segment and make decisions about resources to be allocated to the operating segment.

 

 

 

 

 

 

 

 

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 2018: Renault 15% (including Nissan and Mitsubishi) and VW 10%.

In 2017: Renault 15% (including Nissan and Mitsubishi) and Ford 10%.

In 2016: Renault 12% (including Nissan), Ford 10% and Hyundai 10%.

 

NET SALES BY REGION

 

2018

 

 

2017

 

 

2016

 

Asia

 

$

3,194.9

 

 

$

2,998.1

 

 

$

2,830.2

 

Whereof: China

 

 

1,522.2

 

 

 

1,421.2

 

 

 

1,385.4

 

Japan

 

 

827.9

 

 

 

787.0

 

 

 

718.6

 

Rest of Asia

 

 

844.8

 

 

 

789.9

 

 

 

726.2

 

Americas

 

 

2,735.1

 

 

 

2,435.2

 

 

 

2,548.0

 

Europe

 

 

2,748.2

 

 

 

2,703.5

 

 

 

2,543.4

 

Total

 

$

8,678.2

 

 

$

8,136.8

 

 

$

7,921.6

 

 

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 $1,943 million, $1,689 million and $1,862 million in 2018, 2017 and 2016, respectively. Of the external sales, exports from the U.S. to other regions amounted to approximately $384 million, $362 million and $423 million in 2018, 2017 and 2016, respectively.

 

NET SALES BY PRODUCT

 

2018

 

 

2017

 

 

2016

 

Airbag Products1)

 

$

5,698.6

 

 

$

5,343.2

 

 

$

5,256.4

 

Seatbelt Products1)

 

 

2,979.6

 

 

 

2,793.6

 

 

 

2,665.2

 

Total net sales

 

$

8,678.2

 

 

$

8,136.8

 

 

$

7,921.6

 

 

3)

Including Corporate and other sales.

 

LONG-LIVED ASSETS

 

2018

 

 

2017

 

Asia

 

$

881

 

 

$

975

 

Whereof: China

 

$

500

 

 

$

548

 

Japan

 

$

135

 

 

$

196

 

Rest of Asia

 

$

246

 

 

$

231

 

Americas

 

$

1,708

 

 

$

1,572

 

Europe

 

$

847

 

 

$

843

 

Total

 

$

3,436

 

 

$

3,390

 

 

Long-lived assets in the U.S. amounted to $1,527 million and $1,601 million for 2018 and 2017, respectively. For 2018, $1,250 million (2017, $1,263 million) of the long-lived assets in the U.S. refers to intangible assets, principally from acquisition goodwill.