XML 164 R146.htm IDEA: XBRL DOCUMENT v3.6.0.2
Quarterly Data (Unaudited) (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ 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
Gross profit 1,075 835 858 786 718 769 782 741 3,554 3,010  
Operating income 655 460 391 [2] 441 335 [3] 461 481 446 1,947 [4] 1,723 [5] 1,758 [6]
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 Delphi $ 281 $ 293 $ 258 $ 425 $ 192 $ 404 $ 645 $ 209 $ 1,257 $ 1,450 $ 1,351
Income from continuing operations, per basic share $ 1.04 [11] $ 1.08 [11] $ 0.95 [11] $ 1.16 [11] $ 0.71 [11] $ 1.24 [11] $ 1.22 [11] $ 0.99 [11] $ 4.22 [11] $ 4.16 [11] $ 4.36
Income from discontinued operations, per basic share 0.00 [11] 0.00 [11] 0.00 [11] 0.38 [11] (0.02) [11] 0.19 [11] 1.02 [11] (0.27) [11] 0.38 [11] 0.92 [11] 0.14
Basic net income per share attributable to Delphi $ 1.04 [11] $ 1.08 [11] $ 0.95 [11] $ 1.54 [11] $ 0.69 [11] $ 1.43 [11] $ 2.24 [11] $ 0.72 [11] $ 4.60 [11] $ 5.08 [11] $ 4.50
Weighted average number of basic shares outstanding 270,380 272,190 272,920 276,620 279,290 282,970 287,770 290,900 273,020 285,200 300,270
Income from continuing operations, per diluted share $ 1.03 [11] $ 1.07 [11] $ 0.94 [11] $ 1.15 [11] $ 0.70 [11] $ 1.23 [11] $ 1.21 [11] $ 0.99 [11] $ 4.21 [11] $ 4.14 [11] $ 4.34
Income from discontinued operations, per diluted share 0.00 [11] 0.00 [11] 0.00 [11] 0.38 [11] (0.02) [11] 0.19 [11] 1.02 [11] (0.27) [11] 0.38 [11] 0.92 [11] 0.14
Diluted net income per share attributable to Delphi $ 1.03 [11] $ 1.07 [11] $ 0.94 [11] $ 1.53 [11] $ 0.68 [11] $ 1.42 [11] $ 2.23 [11] $ 0.72 [11] $ 4.59 [11] $ 5.06 [11] $ 4.48
Weighted average number of diluted shares outstanding 271,640 272,770 273,370 277,040 281,640 284,400 288,850 291,810 273,700 286,640 301,890
Gain (loss) on business divestitures                 $ 141 $ (8)  
Restructuring     $ 154   $ 108       328 177 $ 140
Gain (loss) on divestiture of discontinued operations, net of tax       $ 104              
Loss on extinguishment of debt   $ (73)           $ (52) (73) (58) (34)
Loss Contingency Accrual, Provision                 300 0 0
Powertrain Systems                      
Restructuring                 $ 172 115 55
Powertrain Systems | EMEA                      
Restructuring                   68  
Other income (expense), net | Unsecured Creditors Litigation | Judicial Ruling                      
Loss Contingency Accrual, Provision $ 300                    
Plant Closure | Powertrain Systems | EMEA                      
Restructuring     $ 88               $ 35
Mechatronics Business                      
Gain (loss) on business divestitures $ 141                    
Thermal Systems | Discontinued Operations, Disposed of by Sale                      
Gain (loss) on divestiture of discontinued operations, net of tax             $ 285     271  
Thermal Systems | KDAC | Discontinued Operations, Disposed of by Sale                      
Gain (loss) on divestiture of discontinued operations, net of tax           $ 47       $ (41)  
Impairment loss on KDAC interest               $ 88      
[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.
[11] Due to the use of the weighted average shares outstanding for each quarter for computing earnings per share, the sum of the quarterly per share amounts may not equal the per share amount for the year.