v3.24.2
Stockholders' Equity and Non-controlling Interests (Tables)
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Schedule of Non-controlling Interests
The Company's non-controlling interests are as follows:
June 30,December 31,
(In millions)20242023
Shanghai Visteon Automotive Electronics, Co., Ltd.$51 $51 
Yanfeng Visteon Automotive Electronics Co., Ltd.20 18 
Changchun Visteon FAWAY Automotive Electronics, Co., Ltd.
13 14 
Other
1 2 
$85 $85 
During the six months ended June 30, 2024, the Company paid approximately $1 million to buy-out the shares of a minority joint venture partner in Tunisia.
Schedule of Accumulated Other Comprehensive Income (Loss)
Changes in Accumulated other comprehensive income (loss) (“AOCI”) and reclassifications out of AOCI by component include:
Three Months Ended June 30,Six Months Ended June 30,
(In millions)2024202320242023
Changes in AOCI:
Beginning balance
$(268)$(197)$(254)$(213)
Other comprehensive income (loss) before reclassification, net of tax
(21)(19)(38)(4)
Amounts reclassified from AOCI
3 3 6 4 
Ending balance
$(286)$(213)$(286)$(213)
Changes in AOCI by Component:
Foreign currency translation adjustments
  Beginning balance
$(214)$(189)$(192)$(210)
Other comprehensive income (loss) before reclassification, net of tax
(24)(19)(46)2 
  Ending balance
(238)(208)(238)(208)
Net investment hedge
  Beginning balance
12 11 5 12 
  Other comprehensive income (loss) before reclassification, net of tax
3 (2)10 (3)
  Amounts reclassified from AOCI
— — — — 
  Ending balance
15 9 159 
Benefit plans
  Beginning balance
(76)(26)(76)(25)
  Other comprehensive income (loss) before reclassification, net of tax
— — — — 
  Amounts reclassified from AOCI— — — (1)
  Ending balance
(76)(26)(76)(26)
Unrealized hedging gain (loss)
  Beginning balance
10 7 9 10 
  Other comprehensive income (loss) before reclassification, net of tax
— 2 (2)(3)
Amounts reclassified from AOCI3 3 6 5 
  Ending balance
13 12 13 12 
Total AOCI
$(286)$(213)$(286)$(213)