DELPHI 2015 Annual Report Download - page 66

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Table of Contents
44
Net sales, gross margin as a percentage of net sales and Adjusted Operating Income by segment for the years ended
December 31, 2015 and 2014 are as follows:
Net Sales by Segment
Year Ended December 31, Variance Due To:
2015 2014
Favorable/
(unfavorable)
Volume, net of
contractual
price
reductions FX
Commodity
Pass-
through Other Total
(in millions) (in millions)
Electrical/Electronic
Architecture ....................... $ 8,180 $ 8,274 $ (94) $ 501 $ (561) $ (140) $ 106 $ (94)
Powertrain Systems............... 4,377 4,535 (158) 255 (412) — (1)(158)
Electronics and Safety........... 2,774 2,885 (111) 134 (199) — (46)(111)
Eliminations and Other ......... (166) (195) 29 10 19 — — 29
Total.................................. $ 15,165 $ 15,499 $ (334) $ 900 $(1,153) $ (140) $ 59 $ (334)
Gross Margin Percentage by Segment
Year Ended December 31,
2015 2014
Electrical/Electronic Architecture ........................................................................................................ 19.8% 19.3%
Powertrain Systems .............................................................................................................................. 20.0% 19.6%
Electronics and Safety.......................................................................................................................... 18.5% 18.9%
Eliminations and Other......................................................................................................................... —% —%
Total................................................................................................................................................. 19.8% 19.5%
Adjusted Operating Income by Segment
Year Ended December 31, Variance Due To:
2015 2014
Favorable/
(unfavorable)
Volume, net of
contractual
price
reductions
Operational
performance Other Total
(in millions) (in millions)
Electrical/Electronic Architecture....... $ 1,095 $ 1,060 $ 35 $ 31 $ 131 $ (127) $ 35
Powertrain Systems............................. 553 518 35 (30) 84 (19) 35
Electronics and Safety......................... 323 347 (24)(58) 98 (64)(24)
Eliminations and Other ....................... — — — — — — —
Total................................................ $ 1,971 $ 1,925 $ 46 $ (57) $ 313 $ (210) $ 46
As noted in the table above, Adjusted Operating Income for the year ended December 31, 2015 as compared to the year
ended December 31, 2014 was impacted by volume and contractual price reductions, including product mix, and operational
performance improvements, as well as the following items included in Other in the table above:
• $181 million of unfavorable foreign currency impacts, primarily related to the Euro; and
• An increase of $12 million in warranty costs.