DELPHI 2014 Annual Report Download - page 63

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41
Electrical/
Electronic
Architecture Powertrain
Systems Electronics
and Safety Thermal
Systems Eliminations
and Other Total
(in millions)
For the Year Ended December 31, 2013:
Adjusted operating income ....................... $ 1,001 $ 483 $ 323 $ 37 $ — $ 1,844
Restructuring ........................................ (28) (52)(56)(9) — (145)
Other acquisition & portfolio project
costs...................................................... (15) — — — — (15)
Operating income...................................... $ 958 $ 431 $ 267 $ 28 $ — 1,684
Interest expense......................................... (143)
Other expense, net..................................... (18)
Income before income taxes and equity
income....................................................... 1,523
Income tax expense................................... (256)
Equity income, net of tax.......................... 34
Net income................................................ 1,301
Net income attributable to noncontrolling
interest....................................................... 89
Net income attributable to Delphi............. $ 1,212
Net sales, gross margin as a percentage of net sales and Adjusted Operating Income by segment for the years ended
December 31, 2014 and 2013 are as follows:
Net Sales by Segment
Year Ended December 31, Variance Due To:
2014 2013 Favorable/
(unfavorable)
Volume, net of
contractual
price
reductions FX
Commodity
Pass-
through Other Total
(in millions) (in millions)
Electrical/Electronic
Architecture........................... $ 8,274 $ 7,972 $ 302 $ 377 $ (32) $ (62) $ 19 $ 302
Powertrain Systems............... 4,575 4,424 151 112 40 — (1) 151
Electronics and Safety........... 2,859 2,830 29 30 5 — (6) 29
Thermal Systems................... 1,556 1,468 88 95 (7) — — 88
Eliminations and Other ......... (241) (231) (10)(19)(1) — 10 (10)
Total............................... $ 17,023 $ 16,463 $ 560 $ 595 $ 5 $ (62) $ 22 $ 560
Gross Margin Percentage by Segment
Year Ended December 31,
2014 2013
Electrical/Electronic Architecture........................................................................................................ 19.3% 18.3%
Powertrain Systems.............................................................................................................................. 19.6% 18.7%
Electronics and Safety.......................................................................................................................... 19.0% 17.3%
Thermal Systems.................................................................................................................................. 8.6% 8.0%
Eliminations and Other......................................................................................................................... —% —%
Total............................................................................................................................................... 18.6% 17.6%