VISTEON CORPVC
VISTEON CORP Segments Disclosure
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 digital instrument clusters, information displays, infotainment, cockpit domain controllers, CognitoAITM, battery management systems, high voltage power electronics, and engineering services. 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, 2025, 2024 and 2023 is as follows:
| Year Ended December 31, | |||||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
Net sales | 3,768 | 3,866 | 3,954 | ||||||||||||||
Significant expenses: | |||||||||||||||||
| Other cost of sales | 2,899 | 3,039 | 3,153 | ||||||||||||||
| Other selling, general and administrative | 165 | 175 | 173 | ||||||||||||||
| Gross engineering costs | 364 | 334 | 330 | ||||||||||||||
| Engineering recoveries | (144) | (143) | (120) | ||||||||||||||
Depreciation and amortization | 109 | 96 | 104 | ||||||||||||||
Non-cash stock-based compensation | 45 | 41 | 34 | ||||||||||||||
| Restructuring, net | 8 | 32 | 5 | ||||||||||||||
| Interest expense | 13 | 15 | 17 | ||||||||||||||
| Interest income | (22) | (17) | (10) | ||||||||||||||
| Equity in net (income) loss of non-consolidated affiliates | (8) | 3 | 10 | ||||||||||||||
| Other (income) loss, net | 1 | (7) | 1 | ||||||||||||||
Provision for (benefit from) income taxes | 125 | (8) | (330) | ||||||||||||||
| Net income (loss) | 213 | 306 | 587 | ||||||||||||||
Less: Net (income) loss attributable to non-controlling interests | (12) | (10) | (19) | ||||||||||||||
Net income (loss) attributable to Visteon Corporation | $ | 201 | $ | 296 | $ | 568 | |||||||||||
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) | 2025 | 2024 | 2023 | 2025 | 2024 | ||||||||||||||||||||||||
United States | $ | 981 | $ | 1,100 | $ | 882 | $ | 142 | $ | 113 | |||||||||||||||||||
Mexico | 168 | 94 | 109 | 59 | 57 | ||||||||||||||||||||||||
Total North America | 1,149 | 1,194 | 991 | 201 | 170 | ||||||||||||||||||||||||
Portugal | 853 | 875 | 840 | 143 | 122 | ||||||||||||||||||||||||
Slovakia | 189 | 192 | 352 | 35 | 22 | ||||||||||||||||||||||||
Tunisia | 190 | 159 | 106 | 56 | 43 | ||||||||||||||||||||||||
Other Europe | 45 | 8 | — | 24 | 24 | ||||||||||||||||||||||||
Total Europe | 1,277 | 1,234 | 1,298 | 258 | 211 | ||||||||||||||||||||||||
China Domestic | 339 | 450 | 614 | ||||||||||||||||||||||||||
China Export | 236 | 260 | 336 | ||||||||||||||||||||||||||
Total China | 575 | 710 | 950 | 68 | 65 | ||||||||||||||||||||||||
Japan | 308 | 331 | 353 | 22 | 25 | ||||||||||||||||||||||||
India | 325 | 291 | 246 | 73 | 63 | ||||||||||||||||||||||||
Other Asia-Pacific | 112 | 96 | 92 | 20 | 10 | ||||||||||||||||||||||||
Total Other Asia-Pacific | 745 | 718 | 691 | 115 | 98 | ||||||||||||||||||||||||
South America | 172 | 150 | 173 | 8 | 8 | ||||||||||||||||||||||||
Eliminations | (150) | (140) | (149) | ||||||||||||||||||||||||||
| $ | 3,768 | $ | 3,866 | $ | 3,954 | $ | 650 | $ | 552 | ||||||||||||||||||||
| (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) | 2025 | 2024 | 2023 | ||||||||||||||
| Product Lines | |||||||||||||||||
| Instrument clusters | $ | 1,747 | $ | 1,764 | $ | 1,949 | |||||||||||
| Cockpit domain controller | 428 | 524 | 536 | ||||||||||||||
| Infotainment | 508 | 480 | 499 | ||||||||||||||
| Information displays | 500 | 409 | 367 | ||||||||||||||
| Body and electrification electronics | 420 | 525 | 314 | ||||||||||||||
| Other | 165 | 164 | 289 | ||||||||||||||
| $ | 3,768 | $ | 3,866 | $ | 3,954 | ||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 19, 2026 | Showing above |
| 2024 | Feb 18, 2025 | |
| 2023 | Feb 20, 2024 | |
| 2022 | Feb 16, 2023 | |
| 2021 | Feb 17, 2022 | |
| 2020 | Feb 18, 2021 | |
| 2019 | Feb 20, 2020 | |
| 2018 | Feb 21, 2019 | |
| 2017 | Feb 22, 2018 | |
| 2016 | Feb 23, 2017 | |
| 2015 | Feb 25, 2016 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.