| Stockholders’ Equity and Non-controlling Interests Treasury Stock
As of December 31, 2024 and 2023, respectively, the Company held 27,860,349 and 27,354,274 shares of common stock in treasury which may be used for satisfying obligations under employee incentive compensation arrangements. The Company values shares of common stock held in treasury at cost. Non-Controlling Interests
Non-controlling interests in Visteon Corporation are as follows: | | | | | | | | | | | | | December 31, | | (In millions) | 2024 | | 2023 | Shanghai Visteon Automotive Electronics Co., Ltd. | $ | 55 | | | $ | 51 | | | Yanfeng Visteon Automotive Electronics Co., Ltd. | 13 | | | 18 | | | Changchun Visteon FAWAY Automotive Electronics Co., Ltd. | 12 | | | 14 | | Other | 1 | | | 2 | | | $ | 81 | | | $ | 85 | |
During the year ended December 31, 2024, the Company paid approximately $1 million to buy all of the shares of a minority joint venture partner in Tunisia. Accumulated Other Comprehensive Income (Loss)
Changes in AOCI and reclassifications out of AOCI by component includes: | | | | | | | | | | | | | Year Ended December 31, | | (In millions) | 2024 | | 2023 | Changes in AOCI: | | | | Beginning balance | $ | (254) | | | $ | (213) | | Other comprehensive income (loss) before reclassification, net of tax | (64) | | | (51) | | Amounts reclassified from AOCI | 12 | | | 10 | | Ending balance | $ | (306) | | | $ | (254) | | Changes in AOCI by component: | | | Foreign currency translation adjustments | | | | Beginning balance | $ | (192) | | | $ | (210) | | | Other comprehensive income (loss) before reclassification | (74) | | | 18 | | Amounts reclassified from AOCI | — | | | — | | Ending balance | (266) | | | (192) | | Net investment hedge | | | | Beginning balance | 5 | | | 12 | | Other comprehensive income (loss) before reclassification | 13 | | | (7) | | Amounts reclassified from AOCI | — | | | — | | Ending balance | 18 | | | 5 | | Benefit plans | | | | Beginning balance | (76) | | | (25) | | Other comprehensive income (loss) before reclassification, net of tax | 10 | | | (49) | | Amounts reclassified from AOCI | — | | | (2) | | Ending balance | (66) | | | (76) | | Unrealized hedging gain (loss) | | | | Beginning balance | 9 | | | 10 | | Other comprehensive income (loss) before reclassification, net of tax | (13) | | | (13) | | Amounts reclassified from AOCI | 12 | | | 12 | | Ending balance | 8 | | | 9 | | AOCI ending balance | $ | (306) | | | $ | (254) | |
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