v3.25.0.1
Segment Information and Revenue Recognition
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Information and Revenue Recognition Segment Information and Revenue Recognition
The Company manages the business activities on a consolidated basis and operates in one reportable segment. The Company’s reportable segment is Electronics. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment systems, audio systems, telematics solutions, battery monitoring systems, and head-up displays. As the Company has one reportable segment, net sales, total assets, depreciation, amortization and capital expenditures are equal to consolidated results.

Financial results for the Company's reportable segment have been prepared using a management approach, which is consistent with the basis and manner in which financial information is evaluated by the Company's Chief Operating Decision Maker ("CODM") in allocating resources and in assessing performance. The Company’s CODM is the Chief Executive Officer. The measurement of segment profit or loss that the CODM uses to evaluates the performance of the Company’s segment is net income attributable to Visteon Corporation. Financial forecasts and budget to actual results used by the CODM to assess performance and allocate resources, as well as those used for strategic decisions related to headcount and capital expenditures
are reviewed on a consolidated basis. The CODM considers the impact of the significant segment expenses in the table below on net income when deciding whether to reinvest profits, propose dividends or share repurchase, or pursue strategic mergers and acquisitions.

A summary of segment revenue, segment net income (loss) attributable to Visteon Corporation, and significant segment expense for the years ended December 31, 2024, 2023 and 2022 is as follows:
Year Ended December 31,
202420232022
Net sales
3,866 3,954 3,756 
Significant expenses:
Other cost of sales3,039 3,153 3,089 
Other selling, general and administrative175 173 157 
Gross engineering costs334 330 341 
Engineering recoveries(143)(120)(145)
Depreciation and amortization
96 104 108 
Non-cash stock-based compensation
41 34 26 
Restructuring and impairment32 5 14 
Interest expense15 17 14 
Interest income(17)(10)(4)
Equity in net loss of non-consolidated affiliates3 10 1 
Other (income) loss, net(7)1 (20)
Provision for (benefit from) income taxes
14 (248)45 
Net income (loss)284 505 130 
Less: Net (income) loss attributable to non-controlling interests
(10)(19)(6)
Net income (loss) attributable to Visteon Corporation
$274 $486 $124 
Other cost of sales excludes depreciation and amortization, non-cash stock-based compensation, and engineering recoveries which are presented individually above.
Other selling, general and administrative excludes depreciation and amortization and non-cash stock-based compensation which are presented individually above.
Financial Information by Geographic Region
Financial information about net sales and net tangible long-lived assets by country are as follows:

Net Sales (a)
Tangible Long-Lived Assets, Net (b)
Year Ended December 31,December 31,
(In millions)20242023202220242023
  United States
$1,100 $882 $875 $113 $105 
Mexico
94 109 96 57 54 
Total North America
1,194 991 971 170 159 
Portugal
875 840 867 122 105 
Slovakia
192 352 347 22 29 
Tunisia
159 106 69 43 37 
Other Europe
8 — 14 24 28 
Total Europe
1,234 1,298 1,297 211 199 
China Domestic
450 614 625 
China Export
260 336 245 
     Total China
710 950 870 65 67 
Japan
331 353 330 25 29 
India
291 246 227 63 59 
Other Asia-Pacific
96 92 68 10 6 
Total Other Asia-Pacific
718 691 625 98 94 
South America
150 173 143 8 8 
Eliminations
(140)(149)(150)
$3,866 $3,954 $3,756 $552 $527 
(a) Company sales based on geographic region where sale originates and not where customer is located.
(b) Tangible long-lived assets include property, plant, and equipment and right-of-use assets.


Disaggregated revenue by product lines is as follows:
Year Ended December 31,
(In millions)202420232022
Product Lines
Instrument clusters$1,764 $1,949 $1,782 
Cockpit domain controller524 536 473 
Infotainment480 499 498 
Information displays409 367 490 
Body and electrification electronics525 314 225 
Other164 289 288 
$3,866 $3,954 $3,756