DELPHI 2015 Annual Report Download - page 105

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Table of Contents
83
3. INVENTORIES
Inventories are stated at the lower of cost, determined on a first-in, first-out basis, or market, including direct material
costs and direct and indirect manufacturing costs. A summary of inventories is shown below:
December 31,
2015
December 31,
2014
(in millions)
Productive material..................................................................................................................... $ 634 $ 562
Work-in-process.......................................................................................................................... 98 104
Finished goods............................................................................................................................ 449 347
Total ....................................................................................................................................... $ 1,181 $ 1,013
4. ASSETS
Other current assets consisted of the following:
December 31,
2015
December 31,
2014
(in millions)
Value added tax receivable......................................................................................................... $ 198 $ 191
Deferred income taxes (Note 14)................................................................................................ — 171
Prepaid insurance and other expenses ........................................................................................ 78 59
Reimbursable engineering costs ................................................................................................. 55 55
Notes receivable.......................................................................................................................... 25 28
Income and other taxes receivable.............................................................................................. 44 34
Deposits to vendors..................................................................................................................... 8 8
Other ........................................................................................................................................... 23 21
Total ....................................................................................................................................... $ 431 $ 567
Other long-term assets consisted of the following:
December 31,
2015
December 31,
2014
(in millions)
Deferred income taxes (Note 14)................................................................................................ $ 238 $ 232
Unamortized Revolving Credit Facility debt issuance costs (Note 11)...................................... 12 17
Income and other taxes receivable.............................................................................................. 54 67
Reimbursable engineering costs ................................................................................................. 43 73
Value added tax receivable......................................................................................................... 24 28
Cost method investments............................................................................................................ 23 —
Other ........................................................................................................................................... 65 66
Total ....................................................................................................................................... $ 459 $ 483
5. INVESTMENTS IN AFFILIATES
As part of Delphi’s continuing operations, it has investments in six non-consolidated affiliates accounted for under the
equity method of accounting. These affiliates are not publicly traded companies and are located primarily in China and Mexico.
Delphi’s ownership percentages vary generally from approximately 20% to 50%, with the most significant investments in
Delphi-TVS Diesel Systems Ltd (of which Delphi owns approximately 50%) and Promotora de Partes Electricas Automotrices,
S.A. de C.V. (of which Delphi owns approximately 40%). The aggregate investment in non-consolidated affiliates was $94
million and $98 million at December 31, 2015 and 2014, respectively. Dividends of $17 million, $0 million and $21 million for