Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of Segment Reporting Information, by Segment

ncluded below are sales and operating data for Delphi Technologies’ segments for the three and six months ended June 30, 2018 and 2017.



	Powertrain Systems		Delphi Technologies Aftermarket		Eliminations and Other (1)			Total

	(in millions)
For the Three Months Ended June 30, 2018:
Net sales	$	1,086	$	215	$	(69	)	$	1,232
Depreciation & amortization	$	47	$	1	$	—		$	48
Adjusted operating income	$	134	$	22	$	—		$	156
Operating income	$	105	$	17	$	—		$	122
Equity income, net of tax	$	3	$	—	$	—		$	3
Net income attributable to noncontrolling interest	$	4	$	—	$	—		$	4



	Powertrain Systems			Delphi Technologies Aftermarket		Eliminations and Other (1)			Total

	(in millions)
For the Three Months Ended June 30, 2017:
Net sales	$	1,035		$	232	$	(80	)	$	1,187
Depreciation & amortization	$	48		$	1	$	—		$	49
Adjusted operating income	$	141		$	23	$	—		$	164
Operating income (2)	$	61		$	18	$	—		$	79
Equity loss, net of tax	$	(1	)	$	—	$	—		$	(1	)
Net income attributable to noncontrolling interest	$	8		$	—	$	—		$	8



	Powertrain Systems		Delphi Technologies Aftermarket		Eliminations and Other (1)			Total

	(in millions)
For the Six Months Ended June 30, 2018:
Net sales	$	2,239	$	432	$	(143	)	$	2,528
Depreciation & amortization	$	96	$	2	$	—		$	98
Adjusted operating income	$	276	$	39	$	—		$	315
Operating income	$	228	$	32	$	—		$	260
Equity income, net of tax	$	6	$	—	$	—		$	6
Net income attributable to noncontrolling interest	$	11	$	—	$	—		$	11



	Powertrain Systems		Delphi Technologies Aftermarket		Eliminations and Other (1)			Total

	(in millions)
For the Six Months Ended June 30, 2017:
Net sales	$	2,058	$	454	$	(157	)	$	2,355
Depreciation & amortization	$	94	$	3	$	—		$	97
Adjusted operating income	$	291	$	35	$	—		$	326
Operating income (2)	$	203	$	24	$	—		$	227
Equity income, net of tax	$	—	$	—	$	—		$	—
Net income attributable to noncontrolling interest	$	16	$	—	$	—		$	16


(1)	Eliminations and Other includes the elimination of inter-segment transactions.


(2)	Includes $66 million and $76 million of charges recorded related to costs associated with employee termination benefits and other exit costs for the three and six months ended June 30, 2017, respectively.

Reconciliation of Segment Adjusted OI to Consolidated Net Income

The reconciliation of Adjusted Operating Income to Operating Income includes, as applicable, restructuring, separation costs, other acquisition and portfolio project costs (which includes costs incurred to integrate acquired businesses and to plan and execute product portfolio transformation actions, including business and product acquisitions and divestitures), asset impairments and gains (losses) on business divestitures. The reconciliation of Adjusted Operating Income to net income attributable to Delphi Technologies for the three and six months ended June 30, 2018 and 2017 are as follows:



	Powertrain Systems			Delphi Technologies Aftermarket			Eliminations and Other		Total

	(in millions)
For the Three Months Ended June 30, 2018:
Adjusted operating income	$	134		$	22		$	—	$	156
Restructuring	(11		)	(1		)	—		(12		)
Separation costs (1)	(17		)	(4		)	—		(21		)
Asset impairments	(1		)	—			—		(1		)
Operating income	$	105		$	17		$	—	122
Interest expense									(19		)
Other income, net									4
Income before income taxes and equity income									107
Income tax expense									(20		)
Equity income, net of tax									3
Net income									90
Net income attributable to noncontrolling interest									4
Net income attributable to Delphi Technologies									$	86



	Powertrain Systems			Delphi Technologies Aftermarket			Eliminations and Other		Total

	(in millions)
For the Three Months Ended June 30, 2017:
Adjusted operating income	$	141		$	23		$	—	$	164
Restructuring	(64		)	(2		)	—		(66		)
Separation costs (1)	(12		)	(3		)	—		(15		)
Asset impairments	(4		)	—			—		(4		)
Operating income	$	61		$	18		$	—	79
Interest expense									—
Other income, net									—
Income before income taxes and equity income									79
Income tax expense									(22		)
Equity loss, net of tax									(1		)
Net income									56
Net income attributable to noncontrolling interest									8
Net income attributable to Delphi Technologies									$	48



	Powertrain Systems			Delphi Technologies Aftermarket			Eliminations and Other		Total

	(in millions)
For the Six Months Ended June 30, 2018:
Adjusted operating income	$	276		$	39		$	—	$	315
Restructuring	(22		)	(1		)	—		(23		)
Separation costs (1)	(25		)	(6		)	—		(31		)
Asset impairments	(1		)	—			—		(1		)
Operating income	$	228		$	32		$	—	260
Interest expense									(39		)
Other income, net									10
Income before income taxes and equity income									231
Income tax expense									(42		)
Equity income, net of tax									6
Net income									195
Net income attributable to noncontrolling interest									11
Net income attributable to Delphi Technologies									$	184



	Powertrain Systems			Delphi Technologies Aftermarket			Eliminations and Other		Total

	(in millions)
For the Six Months Ended June 30, 2017:
Adjusted operating income	$	291		$	35		$	—	$	326
Restructuring	(68		)	(8		)	—		(76		)
Separation costs (1)	(12		)	(3		)	—		(15		)
Asset impairments	(8		)	—			—		(8		)
Operating income	$	203		$	24		$	—	$	227
Interest expense									(1		)
Other expense, net									(6		)
Income before income taxes and equity income									220
Income tax expense									(53		)
Equity income, net of tax									—
Net income									167
Net income attributable to noncontrolling interest									16
Net income attributable to Delphi Technologies									$	151


(1)	Prior to December 4, 2017 separation costs include one-time expenses related to the separation from our Former Parent. For periods subsequent to December 4, 2017, these costs include one-time incremental expenses associated with becoming a stand-alone publicly-traded company.