DELPHI 2015 Annual Report Download - page 65

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Table of Contents
43
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 income (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
Electrical/
Electronic
Architecture
Powertrain
Systems
Electronics
and Safety
Eliminations
and Other Total
(in millions)
For the Year Ended December 31, 2014:
Adjusted operating income ............................................... $ 1,060 $ 518 $ 347 $ — $ 1,925
Restructuring ................................................................ (57)(55)(28) — (140)
Other acquisition and portfolio project costs ............... (15)(3)(2) — (20)
Asset impairments ........................................................ (2)(1)(4) — (7)
Operating income.............................................................. $ 986 $ 459 $ 313 $ — 1,758
Interest expense................................................................. (135)
Other income (expense), net ............................................. (8)
Income from continuing operations before income taxes
and equity income.......................................................... 1,615
Income tax expense........................................................... (255)
Equity income, net of tax .................................................. 20
Income from continuing operations .................................. 1,380
Income from discontinued operations, net of tax.............. 60
Net income ........................................................................ 1,440
Net income attributable to noncontrolling interest ........... 89
Net income attributable to Delphi..................................... $ 1,351