XML 27 R41.htm IDEA: XBRL DOCUMENT

Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Segment Financial Information

A summary of revenues from external customers and other financial information by reportable operating segment is shown below (in millions):



	Year Ended December 31, 2019
	Seating		E-Systems		Other			Consolidated
Revenues from external customers	$	15,097.2	$	4,713.1	$	—		$	19,810.3
Segment earnings ⁽¹⁾	961.2		366.3		(257.3		)	1,070.2
Depreciation and amortization	331.0		163.0		15.9			509.9
Capital expenditures	370.4		213.9		19.6			603.9
Total assets	7,277.6		3,068.1		2,335.0			12,680.7



	Year Ended December 31, 2018
	Seating		E-Systems		Other			Consolidated
Revenues from external customers	$	16,021.9	$	5,126.6	$	—		$	21,148.5
Segment earnings ⁽¹⁾	1,263.6		628.5		(238.0		)	1,654.1
Depreciation and amortization	323.5		146.2		14.7			484.4
Capital expenditures	459.8		208.4		8.8			677.0
Total assets	6,857.5		2,452.0		2,291.2			11,600.7



	Year Ended December 31, 2017
	Seating		E-Systems		Other			Consolidated
Revenues from external customers	$	15,873.0	$	4,594.0	$	—		$	20,467.0
Segment earnings ⁽¹⁾	1,250.8		641.6		(284.1		)	1,608.3
Depreciation and amortization	289.5		123.4		14.8			427.7
Capital expenditures	398.3		176.3		19.9			594.5

(1)

For a definition of segment earnings, see Note 2 , "Summary of Significant Accounting Policies — Segment Reporting."

Reconciliation of Segment Earnings to Consolidated Income Before Provision for Income Taxes

A reconciliation of segment earnings to consolidated income before provision for income taxes and equity in net income of affiliates is shown below (in millions):



For the year ended December 31,	2019			2018			2017
Segment earnings	$	1,327.5		$	1,892.1		$	1,892.4
Corporate and regional headquarters and elimination of intercompany activity ("Other")	(257.3		)	(238.0		)	(284.1		)
Consolidated income before interest, other expense, provision for income taxes and equity in net income of affiliates	1,070.2			1,654.1			1,608.3
Interest expense	92.0			84.1			85.7
Other (income) expense, net	24.6			31.6			(4.1		)
Consolidated income before provision for income taxes and equity in net income of affiliates	$	953.6		$	1,538.4		$	1,526.7

Revenues From External Customers and Tangible Long-lived Assets by Geographic Area

Revenues from external customers and tangible long-lived assets for each of the geographic areas in which the Company operates is shown below (in millions):



For the year ended December 31,	2019		2018		2017
Revenues from external customers
United States	$	3,658.5	$	3,717.7	$	3,955.1
Mexico	3,058.6		3,236.9		3,170.9
China	2,579.7		2,781.5		2,519.3
Germany	1,698.7		2,187.2		2,139.4
Other countries	8,814.8		9,225.2		8,682.3
Total	$	19,810.3	$	21,148.5	$	20,467.0



December 31,	2019		2018
Tangible long-lived assets ⁽¹⁾
United States	$	549.8	$	422.9
Mexico	700.1		617.1
China	450.2		344.4
Germany	204.9		183.3
Other countries	1,326.2		1,030.4
Total	$	3,231.2	$	2,598.1

Summary of Percentage of Revenues from Major Customers

The following is a summary of the percentage of revenues from major customers:



For the year ended December 31,	2019	2018	2017
General Motors	18.2%	18.1%	18.0%
Ford	13.8%	15.6%	18.3%
Daimler	11.1%	9.9%	8.7%
Volkswagen	10.9%	9.6%	7.8%