| VISTEON CORPORATION AND SUBSIDIARIES | |||||||
| CONSOLIDATED BALANCE SHEETS | |||||||
| (Dollars in Millions) | |||||||
| (Unaudited) | |||||||
| September 30 | December 31 | ||||||
| 2019 | 2018 | ||||||
| ASSETS | |||||||
| Cash and equivalents | $ | 443 | $ | 463 | |||
| Restricted cash | 3 | 4 | |||||
| Accounts receivable, net | 457 | 486 | |||||
| Inventories, net | 192 | 184 | |||||
| Other current assets | 192 | 159 | |||||
| Total current assets | 1,287 | 1,296 | |||||
| Property and equipment, net | 410 | 397 | |||||
| Intangible assets, net | 124 | 129 | |||||
| Right to use assets, net | 156 | — | |||||
| Investments in non-consolidated affiliates | 48 | 42 | |||||
| Other non-current assets | 139 | 143 | |||||
| Total assets | $ | 2,164 | $ | 2,007 | |||
| LIABILITIES AND EQUITY | |||||||
| Short-term debt | $ | 47 | $ | 57 | |||
| Accounts payable | 464 | 436 | |||||
| Accrued employee liabilities | 73 | 67 | |||||
| Current lease liabilities | 28 | — | |||||
| Other current liabilities | 150 | 161 | |||||
| Total current liabilities | 762 | 721 | |||||
| Long-term debt | 348 | 348 | |||||
| Employee benefits | 247 | 257 | |||||
| Non-current lease liabilities | 132 | — | |||||
| Deferred tax liabilities | 27 | 23 | |||||
| Other non-current liabilities | 64 | 76 | |||||
| Stockholders’ equity: | |||||||
| Common stock | 1 | 1 | |||||
| Additional paid-in capital | 1,340 | 1,335 | |||||
| Retained earnings | 1,644 | 1,609 | |||||
| Accumulated other comprehensive loss | (234 | ) | (216 | ) | |||
| Treasury stock | (2,277 | ) | (2,264 | ) | |||
| Total Visteon Corporation stockholders’ equity | 474 | 465 | |||||
| Non-controlling interests | 110 | 117 | |||||
| Total equity | 584 | 582 | |||||
| Total liabilities and equity | $ | 2,164 | $ | 2,007 | |||
Visteon Announces Third-Quarter 2019 Results
 |  | More MCAD News
|
|
RELATED NEWS
