XML 20 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements Of Operations - USD ($)
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
Income Statement [Abstract]                      
Net sales $ 4,313 $ 4,091 $ 4,206 $ 4,051 $ 3,879 $ 3,631 $ 3,858 $ 3,797 $ 16,661 $ 15,165 $ 15,499
Operating expenses:                      
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 income, net of tax                 35 16 20
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
Amounts attributable to Delphi:                      
Income from continuing operations                 1,152 1,188 1,309
Income from discontinued operations                 105 262 42
Net income attributable to Delphi $ 281 $ 293 $ 258 $ 425 $ 192 $ 404 $ 645 $ 209 $ 1,257 $ 1,450 $ 1,351
Basic net income per share:                      
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
Diluted net income per share:                      
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
Cash dividends declared per share $ 0.29 $ 0.29 $ 0.29 $ 0.29 $ 0.25 $ 0.25 $ 0.25 $ 0.25 $ 1.16 $ 1 $ 1
[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.