DELPHI 2015 Annual Report Download - page 156
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Table of Contents
134
Electrical/
Electronic
Architecture
Powertrain
Systems
Electronics
and Safety
Eliminations
and Other (1) Total
(in millions)
Balance as of December 31, 2015:
Investment in affiliates................................................. $ 60 $ 34 $ — $ — $ 94
Goodwill ...................................................................... $ 1,458 $ 8 $ 73 $ — $ 1,539
Total segment assets..................................................... $ 7,924 $ 3,630 $ 2,528 $ (2,109) $ 11,973
Balance as of December 31, 2014:
Investment in affiliates................................................. $ 64 $ 34 $ — $ — $ 98
Goodwill ...................................................................... $ 648 $ 8 $ — $ — $ 656
Total segment assets..................................................... $ 5,795 $ 3,854 $ 2,064 $ (992) $ 10,721
(1) Eliminations and Other includes the elimination of inter-segment transactions.
The reconciliation of Adjusted Operating Income to Operating Income includes restructuring, other project and
integration costs related to acquisitions and other portfolio transactions, asset impairments and gains (losses) on business
divestitures. The reconciliation of Adjusted Operating Income to net income attributable to Delphi for the years ended
December 31, 2015, 2014 and 2013 are as follows:
Electrical/
Electronic
Architecture
Powertrain
Systems
Electronics
and Safety
Eliminations
and Other Total
(in millions)
For the Year Ended December 31, 2015:
Adjusted operating income ..................................... $ 1,095 $ 553 $ 323 $ — $ 1,971
Restructuring ...................................................... (37)(115)(25) — (177)
Other acquisition and portfolio project costs ..... (26)(12)(9) — (47)
Asset impairments .............................................. (4)(9)(3) — (16)
Gain (loss) on business divestitures, net ............ (14) — 6 — (8)
Operating income.................................................... $ 1,014 $ 417 $ 292 $ — 1,723
Interest expense....................................................... (127)
Other expense, net................................................... (88)
Income from continuing operations before income
taxes and equity income ...................................... 1,508
Income tax expense................................................. (263)
Equity income, net of tax ........................................ 16
Income from continuing operations ........................ 1,261
Income from discontinued operations, net of tax.... 274
Net income .............................................................. 1,535
Net income attributable to noncontrolling interest .85
Net income attributable to Delphi........................... $ 1,450