Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2020

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 Consolidated Statements of Income. The following table presents the financial results of Veoneer for the year 2018 (dollars in millions).

	Years ended
	December 31, 2018
Net sales	$	1,122.9
Cost of sales		(896.4	)
Gross profit		226.5
Selling, general and administrative expenses		(59.7	)
Research, development and engineering    expenses, net		(224.0	)
Goodwill, Impairment charge		—
Amortization of intangibles		(10.5	)
Other income (expense), net		(53.4	)
Operating loss		(121.1	)
Loss from equity method investments		(29.9	)
Interest income		0.7
Interest expense		(0.4	)
Other non-operating items, net		0.5
Loss before income taxes		(150.2	)
Income tax (expense) benefit		(43.6	)
Loss from discontinued operations, net of    income taxes		(193.8	)
Less: Net loss attributable to non-controlling interest		(8.3	)
Net loss from discontinued operations	$	(185.5	)

The following table presents depreciation, amortization, capital expenditures, acquisition of businesses and significant non-cash items of the discontinued operations related to Veoneer for the year 2018 (dollars in millions).

	Years ended December 31, 2018
Depreciation	$	44.8
Amortization of intangible assets		10.5
Capital expenditures		71.1
Acquisition in affiliate, net		71.0
M/A-COM earn-out adjustment		(14.0	)
Undistributed loss from equity method investment		29.9