Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2019

Discontinued Operations And Disposal Groups [Abstract]

Summary of Financial Results of Discontinued Operations, Carrying Value of Assets and Liabilities Reclassified as Discontinued Operations and Significant Non-Cash Items of Discontinued Operations

The financial results of Veoneer are presented as loss from discontinued operations, net of income taxes in the unaudited Condensed Consolidated Statements of Income. The following table presents the financial results of Veoneer (dollars in millions).

	Three months ended
	March 31, 2019		March 31, 2018
Net sales	$	—	$	571.9
Cost of sales		—		(453.0	)
Gross profit		—		118.9
Selling, general and administrative expenses		—		(25.7	)
Research, development and engineering expenses, net		—		(105.2	)
Amortization of intangibles		—		(5.3	)
Other income (expense), net		—		(0.7	)
Operating loss		—		(18.0	)
Loss from equity method investments		—		(14.0	)
Interest expense		—		(0.1	)
Other non-operating items, net		—		0.1
Loss before income taxes		—		(32.0	)
Income tax expense		—		(4.7	)
Loss from discontinued operations, net of income taxes		—		(36.7	)
Less: Net loss attributable to non-controlling interest		—		(4.7	)
Net loss from discontinued operations	$	—	$	(32.0	)

The following table presents depreciation, amortization, capital expenditures, acquisition of businesses and significant non-cash items of the discontinued operations related to Veoneer (dollars in millions).

	Three months ended
	March 31, 2019		March 31, 2018
Depreciation	$	—	$	22.6
Amortization of intangible assets		—		5.3
Capital expenditures		—		30.9
Acquisition in affiliate, net		—		71.0
M/A-COM earn-out adjustment		—		(14.0	)
Undistributed loss from equity method investment		—		14.0