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Stockholders' Equity and Non-controlling Interests
9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Shareholders' Equity and Non-controlling Interests Stockholders’ Equity and Non-controlling Interests
Share Repurchase Program
During the first quarter of 2020, the Company purchased a total of 233,769 shares of Visteon common stock at an average price of $67.87 for an aggregate purchase amount of $16 million pursuant to an agreement with a third-party financial institution.
During 2019, the Company purchased a total of 322,120 shares of Visteon common stock at an average price of $62.06 for an aggregate purchase amount of $20 million pursuant to various programs with third-party financial institutions.

As of September 30, 2020, $364 million is available for additional share repurchases under the Board of Directors authorization which expires on December 31, 2020. The Company currently does not intend to repurchase additional shares under this authorization.
Non-Controlling Interests

The Company's non-controlling interests are as follows:
September 30,December 31,
(In millions)20202019
Yanfeng Visteon Automotive Electronics Co., Ltd.$53 $56 
Shanghai Visteon Automotive Electronics, Co., Ltd.
43 41 
Changchun Visteon FAWAY Electronics, Co., Ltd.
19 17 
Other
$117 $115 

Accumulated Other Comprehensive Income (Loss)

Changes in Accumulated other comprehensive income (loss) (“AOCI”) and reclassifications out of AOCI by component include:
Three Months Ended September 30,Nine Months Ended
September 30,
(In millions)2020201920202019
Changes in AOCI:
Beginning balance
$(299)$(215)$(267)$(216)
Other comprehensive income (loss) before reclassification, net of tax
18 (17)(13)(14)
Amounts reclassified from AOCI
(1)(2)(2)(4)
Ending balance
$(282)$(234)$(282)$(234)
Changes in AOCI by Component:
Foreign currency translation adjustments
  Beginning balance
$(185)$(140)$(153)$(142)
Other comprehensive income (loss) before reclassification, net of tax (a)
28 (28)(4)(26)
  Ending balance
(157)(168)(157)(168)
Net investment hedge
  Beginning balance
(1)(5)
  Other comprehensive income (loss) before reclassification, net of tax (a)
(9)13 (1)20 
  Amounts reclassified from AOCI
(2)(2)(5)(5)
  Ending balance
(2)10(2)10
Benefit plans
  Beginning balance
(111)(70)(114)(71)
  Other comprehensive income (loss) before reclassification, net of tax (b)
(2)— — — 
  Amounts reclassified from AOCI— 
  Ending balance
(112)(70)(112)(70)
Unrealized hedging gain (loss)
  Beginning balance
(12)(4)(4)
  Other comprehensive income (loss) before reclassification, net of tax (c)
(2)(8)(8)
Amounts reclassified from AOCI— — — 
  Ending balance
(11)(6)(11)(6)
Total AOCI
$(282)$(234)$(282)$(234)
(a) There were no income tax effects for either period due to the valuation allowance.
(b) Net tax expense was less than $1 million related to benefit plans for the three and nine months ended September 30, 2020 and 2019.
(c) There were no income tax effects related to unrealized hedging gain (loss) for either period due to the valuation allowance.