DELPHI 2015 Annual Report Download - page 71

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Table of Contents
49
The reconciliation of Adjusted Operating Income to Operating Income includes restructuring, other acquisition and
portfolio project costs (which includes costs incurred to integrate acquired businesses and to plan and execute product portfolio
transformation actions, including business and product acquisitions and divestitures), asset impairments and gains (losses) on
business divestitures. The reconciliations of Adjusted Operating Income to net income attributable to Delphi for the years ended
December 31, 2014 and 2013 are as follows:
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 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
Electrical/
Electronic
Architecture
Powertrain
Systems
Electronics
and Safety
Eliminations
and Other Total
(in millions)
For the Year Ended December 31, 2013:
Adjusted operating income ............................................... $ 982 $ 470 $ 327 $ — $ 1,779
Restructuring ................................................................ (28)(53)(56) — (137)
Other acquisition and portfolio project costs ............... (15) — — — (15)
Operating income.............................................................. $ 939 $ 417 $ 271 $ — 1,627
Interest expense................................................................. (143)
Other income, net.............................................................. (18)
Income from continuing operations before income taxes
and equity income.......................................................... 1,466
Income tax expense........................................................... (240)
Equity income, net of tax .................................................. 15
Income from continuing operations .................................. 1,241
Income from discontinued operations, net of tax.............. 60
Net income ........................................................................ 1,301
Net income attributable to noncontrolling interest ........... 89
Net income attributable to Delphi..................................... $ 1,212