DELPHI 2013 Annual Report Download - page 68

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46
Net sales, gross margin as a percentage of net sales and Adjusted EBITDA by segment for the year ended December 31,
2012 and 2011 are as follows:
Net Sales by Segment
Year Ended December 31, Variance Due To:
2012 2011 Favorable/
(unfavorable)
Volume, net
of
contractual
price
reductions FX
Commodity
Pass-
through Other Total
(in millions) (in millions)
Electrical/Electronic
Architecture............................. $ 6,815 $ 6,642 $ 173 $ 353 $(212) $ (107) $ 139 $ 173
Powertrain Systems................. 4,656 4,970 (314)(123)(191) — — (314)
Electronics and Safety............. 2,732 2,931 (199)(98)(101) — — (199)
Thermal Systems..................... 1,541 1,755 (214)(91)(85)(6)(32)(214)
Eliminations and Other ........... (225) (257) 32 20 11 — 1 32
Total................................. $15,519 $16,041 $ (522) $ 61 $(578) $ (113) $ 108 $ (522)
Included in Other above are increased sales of approximately $110 million related to the net impact of acquisitions and
divestitures.
Gross Margin Percentage by Segment
Year Ended December 31,
2012 2011
Electrical/Electronic Architecture............................................................................................................ 17.0% 16.7%
Powertrain Systems.................................................................................................................................. 19.2% 17.6%
Electronics and Safety.............................................................................................................................. 16.3% 15.5%
Thermal Systems...................................................................................................................................... 10.2% 12.6%
Eliminations and Other............................................................................................................................. —% —%
Total................................................................................................................................................... 17.1% 16.6%
Adjusted EBITDA by Segment
Year Ended December 31, Variance Due To:
2012 2011 Favorable/
(unfavorable)
Volume, net
of
contractual
price
reductions Operational
performance Other Total
(in millions) (in millions)
Electrical/Electronic Architecture ............... $ 945 $ 880 $ 65 $ (10) $ 96 $ (21) $ 65
Powertrain Systems ..................................... 723 722 1 (145) 97 49 1
Electronics and Safety................................. 363 374 (11)(126) 105 10 (11)
Thermal Systems ......................................... 111 174 (63)(71) 28 (20)(63)
Eliminations and Other................................ — — — — — — —
Total...................................................... $2,142 $2,150 $ (8) $ (352) $ 326 $ 18 $ (8)
As noted in the table above, Adjusted EBITDA for the year ended December 31, 2012 as compared to the year ended
December 31, 2011 was impacted by volume and contractual price reductions, including product mix, and operational
performance improvements, as well as the following items included in Other in the table above:
• Decreased warranty expense in 2012, primarily related to a $76 million charge in 2011 as a result of the settlement for
certain components supplied by our Powertrain segment and favorable warranty claims experience in 2012, including
a customer settlement of $25 million;