DELPHI 2012 Annual Report Download - page 97
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75
The following is a summary of the combined financial information of significant affiliates accounted for under the equity
method as of December 31, 2012 and 2011 and for the years ended December 31, 2012, 2011 and 2010 (unaudited):
December 31,
2012 2011
(in millions)
Current assets ....................................................................................................................... $ 688 $ 740
Non-current assets................................................................................................................ 449 405
Total assets......................................................................................................................... $ 1,137 $ 1,145
Current liabilities.................................................................................................................. $ 411 $ 366
Non-current liabilities .......................................................................................................... 235 203
Shareholders’ equity............................................................................................................. 491 576
Total liabilities and shareholders’ equity........................................................................... $ 1,137 $ 1,145
Year Ended December 31,
2012 2011 2010
(in millions)
Net sales................................................................................................. $ 1,737 $ 1,750 $ 1,750
Gross profit............................................................................................ 184 159 215
Net income............................................................................................. 43 25 41
A summary of transactions with affiliates is shown below:
Year Ended December 31,
2012 2011 2010
(in millions)
Sales to affiliates.................................................................................... $ 36 $ 66 $ 62
Purchases from affiliates ....................................................................... $ 112 $ 129 $ 190
6. PROPERTY, NET
Property, net consisted of:
Estimated Useful
Lives
December 31,
2012 2011
(Years) (in millions)
Land — $ 169 $ 160
Land and leasehold improvements 3-20 93 85
Buildings 40 710 504
Machinery, equipment, and tooling 3-20 2,628 1,989
Furniture and office equipment 3-10 178 149
Construction in progress — 265 235
Total 4,043 3,122
Less: accumulated depreciation (1,183)(807)
Total property, net $ 2,860 $ 2,315
For the year ended December 31, 2012, in conjunction with the restructuring activities initiated in the fourth quarter, as
more fully discussed in Note 10. Restructuring, Delphi incurred $15 million of impairment charges related to long-lived assets
held for use in its Electronics and Safety segment. For the years ended December 31, 2011 and 2010, Delphi did not incur
impairment charges related to long-lived assets held for use.