XML 156 R138.htm IDEA: XBRL DOCUMENT v3.6.0.2
Supplemental Guarantor And Non-Guarantor Condensed Consolidating Financial Statements Statement of Operations (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net sales $ 4,313 $ 4,091 $ 4,206 $ 4,051 $ 3,879 $ 3,631 $ 3,858 $ 3,797 $ 16,661 $ 15,165 $ 15,499
Cost of sales 3,238 [1] 3,256 3,348 3,265 3,161 2,862 3,076 3,056 13,107 12,155 12,471
Selling, general and administrative                 1,145 1,017 1,036
Amortization                 134 93 94
Restructuring     154   108       328 177 140
Total operating expenses                 14,714 13,442 13,741
Operating income 655 460 391 [2] 441 335 [3] 461 481 446 1,947 [4] 1,723 [5] 1,758 [6]
Interest expense                 (156) (127) (135)
Other expense, net                 (366) (88) (8)
Income from continuing operations before income taxes and equity income                 1,425 1,508 1,615
Income tax expense                 (242) (263) (255)
Income from continuing operations before equity income                 1,183 1,245 1,360
Equity in net income of affiliates                 35 16 20
Equity in net income (loss) of subsidiaries                 0 0 0
Income from continuing operations 306 306 271 335 224 364 369 304 1,218 1,261 1,380
Income from discontinued operations, net of tax 0 0 0 108 [7] (3) 54 [8] 298 [8] (75) [8] 108 274 60
Net income 306 306 [9] 271 443 221 418 667 229 [10] 1,326 1,535 1,440
Net income attributable to noncontrolling interest                 69 85 89
Net income attributable to Delphi $ 281 $ 293 $ 258 $ 425 $ 192 $ 404 $ 645 $ 209 1,257 1,450 1,351
Reportable Legal Entities | Parent                      
Net sales                 0 0 0
Cost of sales                 0 0 0
Selling, general and administrative                 87 32 51
Amortization                 0 0 0
Restructuring                 0 0 0
Total operating expenses                 87 32 51
Operating income                 (87) (32) (51)
Interest expense                 (208) (105) (24)
Other expense, net                 (5) (20) 6
Income from continuing operations before income taxes and equity income                 (300) (157) (69)
Income tax expense                 60 0 0
Income from continuing operations before equity income                 (240) (157) (69)
Equity in net income of affiliates                 0 0 0
Equity in net income (loss) of subsidiaries                 1,497 1,607 1,420
Income from continuing operations                 1,257 1,450 1,351
Income from discontinued operations, net of tax                 0 0 0
Net income                 1,257 1,450 1,351
Net income attributable to noncontrolling interest                 0 0 0
Net income attributable to Delphi                 1,257 1,450 1,351
Reportable Legal Entities | Subsidiary Guarantors                      
Net sales                 0 0 0
Cost of sales                 0 0 0
Selling, general and administrative                 0 0 0
Amortization                 0 0 0
Restructuring                 0 0 0
Total operating expenses                 0 0 0
Operating income                 0 0 0
Interest expense                 (23) (30) (33)
Other expense, net                 (163) 89 68
Income from continuing operations before income taxes and equity income                 (186) 59 35
Income tax expense                 0 0 0
Income from continuing operations before equity income                 (186) 59 35
Equity in net income of affiliates                 0 0 0
Equity in net income (loss) of subsidiaries                 1,621 1,548 1,385
Income from continuing operations                 1,435 1,607 1,420
Income from discontinued operations, net of tax                 0 0 0
Net income                 1,435 1,607 1,420
Net income attributable to noncontrolling interest                 0 0 0
Net income attributable to Delphi                 1,435 1,607 1,420
Reportable Legal Entities | Subsidiary Issuer/Guarantor                      
Net sales                 0 0 0
Cost of sales                 0 (6) 0
Selling, general and administrative                 0 0 0
Amortization                 0 0 0
Restructuring                 0 0 0
Total operating expenses                 0 (6) 0
Operating income                 0 6 0
Interest expense                 (202) (180) (188)
Other expense, net                 (11) 18 25
Income from continuing operations before income taxes and equity income                 (213) (156) (163)
Income tax expense                 78 57 60
Income from continuing operations before equity income                 (135) (99) (103)
Equity in net income of affiliates                 0 0 0
Equity in net income (loss) of subsidiaries                 406 508 315
Income from continuing operations                 271 409 212
Income from discontinued operations, net of tax                 0 0 0
Net income                 271 409 212
Net income attributable to noncontrolling interest                 0 0 0
Net income attributable to Delphi                 271 409 212
Reportable Legal Entities | Non-Guarantor Subsidiaries                      
Net sales                 16,661 15,165 15,499
Cost of sales                 13,107 12,161 12,471
Selling, general and administrative                 1,058 985 985
Amortization                 134 93 94
Restructuring                 328 177 140
Total operating expenses                 14,627 13,416 13,690
Operating income                 2,034 1,749 1,809
Interest expense                 (68) (90) (74)
Other expense, net                 158 103 78
Income from continuing operations before income taxes and equity income                 2,124 1,762 1,813
Income tax expense                 (380) (320) (315)
Income from continuing operations before equity income                 1,744 1,442 1,498
Equity in net income of affiliates                 35 16 20
Equity in net income (loss) of subsidiaries                 0 0 0
Income from continuing operations                 1,779 1,458 1,518
Income from discontinued operations, net of tax                 108 274 60
Net income                 1,887 1,732 1,578
Net income attributable to noncontrolling interest                 69 85 89
Net income attributable to Delphi                 1,818 1,647 1,489
Eliminations                      
Net sales                 0 0 0
Cost of sales                 0 0 0
Selling, general and administrative                 0 0 0
Amortization                 0 0 0
Restructuring                 0 0 0
Total operating expenses                 0 0 0
Operating income                 0 0 0
Interest expense                 345 278 184
Other expense, net                 (345) (278) (185)
Income from continuing operations before income taxes and equity income                 0 0 (1)
Income tax expense                 0 0 0
Income from continuing operations before equity income                 0 0 (1)
Equity in net income of affiliates                 0 0 0
Equity in net income (loss) of subsidiaries                 (3,524) (3,663) (3,120)
Income from continuing operations                 (3,524) (3,663) (3,121)
Income from discontinued operations, net of tax                 0 0 0
Net income                 (3,524) (3,663) (3,121)
Net income attributable to noncontrolling interest                 0 0 0
Net income attributable to Delphi                 $ (3,524) $ (3,663) $ (3,121)
[1] In the fourth quarter of 2016, Delphi recognized a pre-tax gain of $141 million on the divestiture of its Mechatronics business.
[2] In the second quarter of 2016, Delphi recorded restructuring charges totaling $154 million, which includes employee-related and other costs, $88 million of which related to the initiation of the closure of a European manufacturing site within the Powertrain Systems segment.
[3] In the fourth quarter of 2015, Delphi recorded restructuring charges totaling $108 million, which includes employee-related and other costs.
[4] Includes a pre-tax gain of $141 million from the divestiture of the Electronics and Safety Mechatronics business, as well as charges recorded in 2016 related to costs associated with employee termination benefits and other exit costs of $117 million for Electrical/Electronic Architecture, $172 million for Powertrain Systems and $39 million for Electronics and Safety.
[5] Includes charges recorded in 2015 related to costs associated with employee termination benefits and other exit costs of $37 million for Electrical/Electronic Architecture, $115 million for Powertrain Systems and $25 million for Electronics and Safety
[6] Includes charges recorded in 2014 related to costs associated with employee termination benefits and other exit costs of $57 million for Electrical/Electronic Architecture, $55 million for Powertrain Systems and $28 million for Electronics and Safety.
[7] In the first quarter of 2016, Delphi recognized an after-tax gain on the divestiture of discontinued operations of $104 million.
[8] In the first quarter of 2015, Delphi recognized an after-tax impairment loss of $88 million within discontinued operations, in the second quarter of 2015, Delphi recognized an after-tax gain on the divestiture of discontinued operations of $285 million and in the third quarter of 2015, Delphi recognized an after-tax gain on the divestiture of discontinued operations of $47 million.
[9] In the third quarter of 2016, Delphi recognized losses on the extinguishment of debt of $73 million.
[10] In the first quarter of 2015, Delphi recognized a loss on extinguishment of debt of $52 million.