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OPERATIONS BY REPORTING SEGMENT (Tables)
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Summary of Net Sales, Cost of Products Sold and Gross Margin Information
Net sales, cost of products sold and gross profit information are as follows:
 
 
Three Months Ended March 31
 
 
Net Sales
 
Cost of Products Sold
 
Gross Profit
 
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Powertrain
 
$
1,128

 
$
1,138

 
$
(992
)
 
$
(996
)
 
$
136

 
$
142

Motorparts
 
831

 
773

 
(679
)
 
(664
)
 
152

 
109

Inter-segment eliminations
 
(62
)
 
(76
)
 
62

 
76

 
—

 
—

Total Reporting Segment
 
$
1,897

 
$
1,835

 
$
(1,609
)
 
$
(1,584
)
 
$
288

 
$
251

 
 
 
 
 
 
 
 
 
 
 
 
 
Inter-segment eliminations attributable to sales from Powertrain to Motorparts
 
$
54

 
$
67

 
 
 
 
 
 
 
 
Inter-segment eliminations attributable to sales from Motorparts to Powertrain
 
$
9

 
$
10

 
 
 
 
 
 
 
 
Summary of Net Income (Loss)
Operational EBITDA and the reconciliation to net income (loss) are as follows:
 
 
Three Months Ended March 31
 
 
2016
 
2015
 
 
(millions of dollars)
Powertrain
 
$
119

 
$
111

Motorparts
 
74

 
31

Total Operational EBITDA
 
193

 
142

 
 
 
 
 
Items required to reconcile Operational EBITDA to EBITDA:
 
 
 
 
Restructuring charges and asset impairments (a)
 
(18
)
 
(13
)
Goodwill and intangible impairment expense, net
 
—

 
6

Loss on sale of equity method investment
 
—

 
(11
)
Financing charges
 
(3
)
 
(2
)
Acquisition related costs
 
—

 
(4
)
Segmentation costs
 
—

 
(1
)
Other (b)
 
(4
)
 
2

EBITDA
 
168

 
119

 
 
 
 
 
Items required to reconcile EBITDA to net income (loss):
 
 
 
 
Depreciation and amortization
 
(87
)
 
(83
)
Interest expense, net
 
(37
)
 
(35
)
Income tax (expense) benefit
 
(8
)
 
(11
)
Net income (loss)
 
$
36

 
$
(10
)

 
 
Three Months Ended March 31
Footnotes:
 
2016
 
2015
(a) Restructuring charges and asset impairments, net:
 
(millions of dollars)
Restructuring charges related to severance and other charges, net
 
$
(15
)
 
$
(12
)
Asset impairments, including impairments related to restructuring activities
 
(3
)
 
(1
)
Total Restructuring charges
 
(18
)
 
(13
)
 
 
 
 
 
(b) Other reconciling items:
 
 
 
 
Non-service cost components associated with U.S. based funded pension plans
 
(3
)
 
—

Stock appreciation rights
 
—

 
1

Other
 
(1
)
 
1

 
 
$
(4
)
 
$
2
Summary of Total Assets
Total assets are as follows:
 
 
March 31
 
December 31

 
2016

2015
Powertrain
 
$
4,198

 
$
3,997

Motorparts
 
3,135

 
3,141

Total Reporting Segment Assets
 
7,333

 
7,138

Corporate
 
144

 
90

Total Company Assets
 
$
7,477


$
7,228