DELPHI 2011 Annual Report Download - page 108

Table of Contents
The following is a summary of the combined financial information of significant affiliates accounted for under the equity method as of December 31,
2011 and 2010 and for the years ended December 31, 2011 and 2010, and the periods from August 19 to December 31, 2009 and January 1 to October 6, 2009
(unaudited):
December 31,
2011 2010
(in millions)
Current assets $ 740 $ 888
Non-current assets 405 545
Total assets $ 1,145 $ 1,433
Current liabilities $ 366 $ 587
Non-current liabilities 203 227
Shareholders' equity 576 619
Total liabilities and shareholders' equity $ 1,145 $ 1,433
Successor Predecessor
Year ended
December 31,
2011
Year ended
December 31,
2010
Period from
August 19 to
December 31,
2009
Period from
January 1 to
October 6,
2009
(in millions) (in millions)
Net sales $ 1,750 $ 1,750 $ 369 $ 866
Gross profit $ 160 $ 215 $ 53 $ 56
Net income (loss) $ 28 $ 41 $ 5 $ (44)
A summary of transactions with affiliates is shown below:
Successor Predecessor
Year ended
December 31,
2011
Year ended
December 31,
2010
Period from
August 19 to
December 31,
2009
Period from
January 1 to
October 6,
2009
(in millions) (in millions)
Sales to affiliates $ 66 $ 62 $ 7 $ 8
Purchases from affiliates $ 304 $ 315 $ 51 $ 90
7. PROPERTY, NET
Property, net consisted of:
Estimated Useful
Lives
December 31,
2011 2010
(Years) (in millions)
Land — $ 160 $ 163
Land and leasehold improvements 3-20 85 79
Buildings 40 504 492
Machinery, equipment, and tooling 3-20 1,989 1,470
Furniture and office equipment 3-10 149 104
Construction in progress — 235 246
Total 3,122 2,554
Less: accumulated depreciation (807) (487)
Total property, net $ 2,315 $ 2,067
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