SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Schedule of segment reporting information

Included below are sales and operating data for the Company’s segments for the years ended December 31, 2019, 2018 and 2017, as well as balance sheet data as of December 31, 2019 and 2018.

	Fuel Injection Systems		Powertrain Products		Electrification & Electronics		Aftermarket		Corporate Costs and Other (1)			Total
	(in millions)
For the Year Ended December 31, 2019:
Net sales	$	1,748	$	1,231	$	834	$	841	$	(293	)	$	4,361
Depreciation and amortization (2)	$	130	$	61	$	41	$	6	$	—		$	238
Adjusted operating income	$	99	$	204	$	44	$	86	$	(119	)	$	314
Operating income	$	47	$	171	$	1	$	81	$	(159	)	$	141
Equity income	$	4	$	—	$	—	$	—	$	—		$	4
Net income attributable to noncontrolling interest	$	—	$	16	$	—	$	—	$	—		$	16
Capital expenditures	$	192	$	54	$	112	$	4	$	9		$	371

	Fuel Injection Systems		Powertrain Products		Electrification & Electronics		Aftermarket		Corporate Costs and Other (1)			Total
	(in millions)
For the Year Ended December 31, 2018:
Net sales	$	1,856	$	1,361	$	1,087	$	874	$	(320	)	$	4,858
Depreciation and amortization	$	115	$	44	$	33	$	5	$	—		$	197
Adjusted operating income	$	186	$	256	$	126	$	97	$	(117	)	$	548
Operating income	$	154	$	248	$	120	$	94	$	(182	)	$	434
Equity income	$	7	$	—	$	—	$	—	$	—		$	7
Net income attributable to noncontrolling interest	$	—	$	21	$	—	$	1	$	—		$	22
Capital expenditures	$	126	$	30	$	85	$	5	$	19		$	265

	Fuel Injection Systems		Powertrain Products		Electrification & Electronics		Aftermarket		Corporate Costs and Other (1)			Total
	(in millions)
For the Year Ended December 31, 2017:
Net sales	$	1,773	$	1,398	$	1,077	$	947	$	(346	)	$	4,849
Depreciation and amortization (3)	$	108	$	50	$	36	$	7	$	—		$	201
Adjusted operating income	$	212	$	261	$	175	$	94	$	(105	)	$	637
Operating income	$	127	$	246	$	169	$	88	$	(184	)	$	446
Equity income	$	5	$	—	$	—	$	—	$	—		$	5
Net income attributable to noncontrolling interest	$	—	$	34	$	—	$	—	$	—		$	34
Capital expenditures	$	115	$	27	$	47	$	3	$	5		$	197

(1) Corporate Costs and Other includes corporate related expenses not allocated to operating segments, which primarily includes executive administration, corporate finance, legal, human resources, supply chain management and information technology. This column also includes the elimination of inter-segment transactions.

(2) Includes asset impairment charges of $13 million for Fuel Injection Systems, $15 million for Powertrain Products, $2 million for Electrification & Electronics, $1 million for Aftermarket and $4 million for corporate support functions.

(3) Includes asset impairment charges of $6 million for Fuel Injection Systems, $6 million for Powertrain Products, $0 million for Electrification & Electronics, $0 million for Aftermarket and $0 million for corporate support functions.

	Fuel Injection Systems		Powertrain Products		Electrification & Electronics		Aftermarket		Eliminations and Other (1)			Total
	(in millions)
Balance as of December 31, 2019:
Investment in affiliates	$	42	$	—	$	—	$	—	$	—		$	42
Goodwill	$	—	$	—	$	—	$	7	$	—		$	7
Total segment assets	$	3,596	$	1,092	$	743	$	1,161	$	(2,845	)	$	3,747
Balance as of December 31, 2018:
Investment in affiliates	$	44	$	—	$	—	$	—	$	—		$	44
Goodwill	$	—	$	—	$	—	$	7	$	—		$	7
Total segment assets	$	3,745	$	1,032	$	934	$	1,025	$	(2,843	)	$	3,893

Reconciliation of adjusted operating income to net income attributable to Delphi Technologies

The reconciliation of Adjusted Operating Income to net income attributable to Delphi Technologies for the years ended December 31, 2019, 2018 and 2017 are as follows:

	Fuel Injection Systems			Powertrain Products			Electrification & Electronics			Aftermarket			Corporate Costs (1)			Total
	(in millions)
For the Year Ended December 31, 2019:
Adjusted operating income	$	99		$	204		$	44		$	86		$	(119	)	$	314
Restructuring	(32		)	(17		)	(25		)	(2		)	(4		)	(80		)
Separation and transformation costs (2)	6			(1		)	(16		)	(1		)	(32		)	(44		)
Asset impairments	(13		)	(15		)	(2		)	(1		)	(4		)	(35		)
Pension charges (3)	(13		)	—			—			(1		)	—			(14		)
Operating income	$	47		$	171		$	1		$	81		$	(159	)	141
Interest expense																(68		)
Other income, net																13
Income before income taxes and equity income																86
Income tax expense																(57		)
Equity income, net of tax																4
Net income																33
Net income attributable to noncontrolling interest																16
Net income attributable to Delphi Technologies																$	17

	Fuel Injection Systems			Powertrain Products			Electrification & Electronics			Aftermarket			Corporate Costs (1)			Total
	(in millions)
For the Year Ended December 31, 2018:
Adjusted operating income	$	186		$	256		$	126		$	97		$	(117	)	$	548
Restructuring	(29		)	(6		)	—			2			(2		)	(35		)
Separation and transformation costs (2)	(3		)	(1		)	(6		)	(5		)	(63		)	(78		)
Asset impairments	—			(1		)	—			—			—			(1		)
Operating income	$	154		$	248		$	120		$	94		$	(182	)	434
Interest expense																(79		)
Other income, net																9
Income before income taxes and equity income																364
Income tax benefit																9
Equity income, net of tax																7
Net income																380
Net income attributable to noncontrolling interest																22
Net income attributable to Delphi Technologies																$	358

	Fuel Injection Systems			Powertrain Products			Electrification & Electronics			Aftermarket			Corporate Costs (1)			Total
	(in millions)
For the Year Ended December 31, 2017:
Adjusted operating income	$	212		$	261		$	175		$	94		$	(105	)	$	637
Restructuring	(79		)	(8		)	(5		)	(6		)	—			(98		)
Separation and transformation costs (2)	—			(1		)	(1		)	—			(79		)	(81		)
Asset impairments	(6		)	(6		)	—			—			—			(12		)
Operating income	$	127		$	246		$	169		$	88		$	(184	)	446
Interest expense																(15		)
Other expense, net																(11		)
Income before income taxes and equity income																420
Income tax expense																(106		)
Equity income, net of tax																5
Net income																319
Net income attributable to noncontrolling interest																34
Net income attributable to Delphi Technologies																$	285

Net sales and net property by geographic area

Information concerning principal geographic areas is set forth below. Net sales data reflects the manufacturing location for the years ended December 31, 2019, 2018 and 2017. Net property data is as of December 31, 2019, 2018 and 2017.

	Year Ended December 31, 2019				Year Ended December 31, 2018				Year Ended December 31, 2017
	Net Sales		Net Property (1)		Net Sales		Net Property (1)		Net Sales		Net Property (1)
	(in millions)
North America (2)	$	1,232	$	352	$	1,367	$	314	$	1,345	$	288
Europe (3)	1,953		760		2,142		681		2,030		677
Asia Pacific (4)	1,049		483		1,208		429		1,335		328
South America	127		21		141		21		139		23
Total	$	4,361	$	1,616	$	4,858	$	1,445	$	4,849	$	1,316

(1) Net property data represents property, plant and equipment, net of accumulated depreciation. As of December 31, 2019 the net property data also includes operating lease assets.

(2) Includes net sales and machinery, equipment and tooling that relate to the Company’s maquiladora operations located in Mexico. These assets are utilized to produce products sold to customers located in the United States.

(3) Includes the Company’s country of domicile, Jersey, and the country of the Company’s principal executive offices, the United Kingdom. The Company had no sales in Jersey in any period. The Company had net sales of $774 million, $799 million, and $733 million in the United Kingdom for the years ended December 31, 2019, 2018 and 2017, respectively. The largest portion of net sales in Europe was in the United Kingdom for all years presented. The Company had net property in the United Kingdom of $178 million, $152 million, and $157 million as of December 31, 2019, 2018 and 2017, respectively.

(4)

Net sales and net property in Asia Pacific are primarily attributable to China.