Aptiv PLC - 10-Q filing on 2015-04-30

Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of Reconciliation of Major Classes of Assets and Liabilities of Discontinued Operations Classified as Held for Sale

The following table summarizes the carrying value of the major classes of assets and liabilities of the discontinued operations, which were classified as held for sale as of March 31, 2015:



	March 31, 2015		December 31, 2014

	(in millions)
Cash and cash equivalents	$	43	$	45
Accounts receivable, net	249		228
Inventories, net	101		91
Property, net	325		322
Investments in affiliates	41		130
Intangible assets, net	17		18
Other assets	61		61
Total assets of the discontinued operations classified as held for sale	$	837	$	895

Accounts payable	$	318	$	303
Accrued liabilities	52		53
Other liabilities	36		35
Total liabilities of the discontinued operations classified as held for sale	$	406	$	391

Schedule of Reconciliation of Major Classes of Profit or Loss of Discontinued Operations

A reconciliation of the major classes of line items constituting pretax profit or loss of discontinued operations to income (loss) from discontinued operations, net of tax as presented in the consolidated statements of operations is as follows:



	Three Months Ended March 31,
	2015			2014

	(in millions)
Net sales	$	373		$	379
Cost of sales	343			344
Selling, general and administrative	11			13
Amortization	1			2
Restructuring	1			1
Other income and (expense) items that are not major	—			1
Income from discontinued operations before income taxes and equity income	17			20
Income tax expense on discontinued operations	(4		)	(6		)
Equity income from discontinued operations, net of tax	—			1
Impairment loss	(88		)	—
(Loss) income from discontinued operations, net of tax	(75		)	15
Income from discontinued operations attributable to noncontrolling interests	4			5
Net (loss) income from discontinued operations attributable to Delphi	$	(79	)	$	10