Autoliv (ALV) 10-Q 27 Apr 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 23, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Trading Symbol	ALV
Entity Registrant Name	AUTOLIV INC
Entity Central Index Key	1,034,670
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		87,094,365

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Net sales		$ 2,812.8	$ 2,608.1
Cost of sales		(2,233.6)	(2,065.6)
Gross profit		579.2	542.5
Selling, general and administrative expenses		(126.8)	(120.3)
Research, development and engineering expenses, net		(213.7)	(192.7)
Amortization of intangibles		(8.1)	(21.8)
Other income (expense), net		(5.2)	9.9
Operating income		225.4	217.6
(Loss) income from equity method investments		(12.7)	0.5
Interest income		1.7	2
Interest expense		(13.7)	(16.2)
Other non-operating items, net		(3.8)	(9.5)
Income before income taxes		196.9	194.4
Income tax expense		(74.5)	(52.3)
Net income		122.4	142.1
Less: Net loss attributable to non-controlling interest		(4.3)	(1.8)
Net income attributable to controlling interest		$ 126.7	$ 143.9
Net earnings per share – basic 1)	[1]	$ 1.46	$ 1.63
Net earnings per share – diluted 1)	[1]	$ 1.45	$ 1.62
Weighted average number of shares outstanding, net of treasury shares (in millions)	[2]	87	88.3
Weighted average number of shares outstanding, assuming dilution and net of treasury shares (in millions)	[2]	87.3	88.5
Cash dividend per share – declared		$ 0.62	$ 0.60
Cash dividend per share – paid		$ 0.60	$ 0.58
[1]	Participating share awards with the right to receive dividend equivalents are (under the two class method) excluded from the earnings per share calculation (see Note 16 to the unaudited condensed consolidated financial statements).
[2]	The Company’s unvested RSUs and PSs, of which some include the right to receive non-forfeitable dividend equivalents, are considered participating securities. Calculations of EPS under the two-class method exclude from the numerator any dividends paid or owed on participating securities and any undistributed earnings considered to be attributable to participating securities. The related participating securities are similarly excluded from the denominator.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 122.4	$ 142.1
Other comprehensive income before tax:
Change in cumulative translation adjustments	91.6	88.4
Net change in cash flow hedges	0.4	(2.6)
Net change in unrealized components of defined benefit plans	0.8	1.7
Other comprehensive income, before tax	92.8	87.5
Tax effect allocated to other comprehensive income	(0.2)	(0.5)
Other comprehensive income, net of tax	92.6	87
Comprehensive income (loss)	215	229.1
Less: Comprehensive income attributable to non-controlling interest	1.5	4
Comprehensive income attributable to controlling interest	$ 213.5	$ 225.1

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions		Mar. 31, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents		$ 793.9	$ 959.5
Receivables, net		2,406	2,157.2
Inventories, net		865	859.1
Other current assets		277	228.9
Total current assets		4,341.9	4,204.7
Property, plant and equipment, net		2,074.5	1,973.1
Investments and other non-current assets		608.4	518.5
Goodwill		1,691.5	1,688.8
Intangible assets, net		161.8	164.8
Total assets		8,878.1	8,549.9
Liabilities and equity
Short-term debt	[1]	84	19.7
Accounts payable		1,305.2	1,280.8
Accrued expenses		1,076.8	1,028.6
Other current liabilities		343.5	325.5
Total current liabilities		2,809.5	2,654.6
Long-term debt	[1]	1,325.2	1,321.7
Pension liability		231.3	225.9
Other non-current liabilities		170.1	178.3
Total non-current liabilities		1,726.6	1,725.9
Common stock		102.8	102.8
Additional paid-in capital		1,329.3	1,329.3
Retained earnings		4,165.2	4,079.2
Accumulated other comprehensive loss		(211)	(287.5)
Treasury stock		(1,180.1)	(1,188.7)
Total controlling interest		4,206.2	4,035.1
Non-controlling interest		135.8	134.3
Total equity		4,342	4,169.4
Total liabilities and equity		$ 8,878.1	$ 8,549.9
[1]	Debt as reported in balance sheet.

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Operating activities
Net income	$ 122.4	$ 142.1
Depreciation and amortization	109.8	114.8
Other, net	6.1	(25.9)
Changes in operating assets and liabilities	(222.7)	(81.8)
Net cash provided by operating activities	15.6	149.2
Investing activities
Expenditures for property, plant and equipment	(141)	(129.5)
Proceeds from sale of property, plant and equipment	1.7	8.1
Acquisitions of businesses and interest in/additional contributions to affiliates, net of cash acquired	(72.9)
Net cash used in investing activities	(212.2)	(121.4)
Financing activities
Net increase in short-term debt	65.4	4.6
Dividends paid	(52.4)	(51.2)
Common stock options exercised	4.9	1.8
Net cash provided by (used in) financing activities	17.9	(44.8)
Effect of exchange rate changes on cash and cash equivalents	13.1	25.5
(Decrease) increase in cash and cash equivalents	(165.6)	8.5
Cash and cash equivalents at beginning of period	959.5	1,226.7
Cash and cash equivalents at end of period	$ 793.9	$ 1,235.2

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Basis of Presentation	1. BASIS OF PRESENTATION The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (U.S. GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, the unaudited condensed consolidated financial statements have been prepared on the same basis as the prior year audited financial statements and all adjustments considered necessary for a fair presentation have been included in the financial statements. All such adjustments are of a normal recurring nature. The result for the interim period is not necessarily indicative of the results to be expected for any future period or for the fiscal year ending December 31, 2018. The Condensed Consolidated Balance Sheet at December 31, 2017 has been derived from the audited financial statements at that date, but does not include all the information and footnotes required by U.S. GAAP for complete financial statements. Statements in this report that are not of historical fact are forward-looking statements that involve risks and uncertainties that could affect the actual results of the Company. A description of the important factors that could cause Autoliv's actual results to differ materially from the forward-looking statements contained in this report may be found in this report and Autoliv's other reports filed with the Securities and Exchange Commission (the “SEC”). For further information, refer to the consolidated financial statements, footnotes and definitions thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, filed with the SEC on February 22, 2018.

New Accounting Standards

New Accounting Standards	3 Months Ended
	Mar. 31, 2018
Accounting Changes And Error Corrections [Abstract]
New Accounting Standards	2. NEW ACCOUNTING STANDARDS Adoption of New Accounting Standards In February 2018, the FASB issued ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220) – Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (AOCI) In March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2017-07, Compensation-Retirement Benefits (Topic 715) - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost In January 2018, the FASB released guidance on the accounting for tax on the global intangible low-taxed income (“GILTI”) provisions of the Tax Cuts and Jobs Act (the “Act”). The GILTI provisions impose a tax on foreign income in excess of a deemed return on tangible assets of foreign corporations. In the first quarter of 2018, the Company elected to treat any potential GILTI inclusions as a period cost. In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740) – Intra-Entity Transfers of Assets Other Than Inventory In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), Balance Sheet (Dollars in millions) Balance at December 31, 2017 Adjustments due to ASU 2014-09 Balance at January 1, 2018 Assets Inventories, net $ 859.1 $ (17.4 ) $ 841.7 Other current assets 228.9 22.0 250.9 Equity Retained Earnings 4,079.2 3.2 4,082.4 Three months period ended March 31, 2018 Income Statement (Dollars in millions) As Reported Balances without adoption of ASC 606 Effect of Changes Net sales $ 2,812.8 $ 2,809.1 $ 3.7 Cost of sales (2,233.6 ) (2,230.5 ) (3.1 ) Operating income 225.4 224.8 0.6 As of March 31, 2018 Balance Sheet (Dollars in millions) As Reported Balances without adoption of ASC 606 Effect of Changes Assets Inventories, net $ 865.0 $ 885.4 $ (20.4 ) Other current assets 277.0 251.3 25.7 Equity Retained Earnings 4,165.2 4,161.5 3.7 Accounting Standards Issued But Not Yet Adopted In August 2017, the FASB issued ASU 2017-12 , Derivative and Hedging (Topic 815), Targeted improvements to accounting for hedging activities In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842),

Revenue

Revenue	3 Months Ended
	Mar. 31, 2018
Revenue From Contract With Customer [Abstract]
Revenue	3. REVENUE In accordance with ASC 606, Revenue from Contracts with Customers In addition, from time to time, Autoliv may make payments to customers in connection with ongoing and future business. These payments to customers are generally recognized as a reduction to revenue at the time of the commitment to make these payments unless certain criteria are met warranting capitalization. The Company considers qualitative factors such as the maturity of the product and technology involved in a potential transaction as well as how current the customer relationship is, when evaluating if a payment(s) warrant capitalization. If the payments are capitalized, the amounts are amortized to revenue as the related goods are transferred. Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by the Company from a customer, are excluded from revenue. Shipping and handling costs associated with outbound freight after control of a product has transferred to a customer are accounted for as a fulfillment cost and are included in cost of sales. Nature of goods and services The following is a description of principal activities from which the Company generates its revenue. The Company has two operating segments, Passive Safety and Electronics. Passive Safety includes Autoliv’s airbag and seatbelt products and components, while Electronics combines all of Autoliv’s electronics resources and expertise in both passive safety electronics and active safety. The principal activities are essentially the same for each of the segments. Both of the segments generate revenue from the sale of production parts to original equipment manufacturers (“OEMs”). The Company accounts for individual products separately if they are distinct (i.e., if a product is separately identifiable from other items and if a customer can benefit from it on its own or with other resources that are readily available to the customer). The consideration, including any price concessions or annual price adjustments, is based on their stand-alone selling prices for each of the products. The stand-alone selling prices are determined based on the cost-plus margin approach. The Company recognizes revenue for production parts primarily at a point in time. For production parts with revenue recognized at a point in time, the company recognizes revenue upon shipment to the customers and transfer of title and risk of loss under standard commercial terms (typically F.O.B. shipping point). There are certain contracts where the criteria to recognize revenue over time have been met (e.g., there is no alternative use to the Company and the Company has an enforceable right to payment). In such cases, at period end, the Company recognizes revenue and a related asset and associated cost of goods sold and inventory. However, the financial impact of these contracts is immaterial considering the very short production cycles and limited inventory days on hand, which is typical for the automotive industry. The amount of revenue recognized is based on the purchase order price and adjusted for variable consideration (i.e. price concessions or annual price adjustments). Customers typically pay for the production parts based on customary business practices with stated payment terms averaging 30 days. Disaggregation of revenue In the following tables, revenue is disaggregated by primary region and products. Net Sales by Region (Dollars in millions) Three months ended March 31, 2018 Passive Safety Segment Electronics Segment Total Asia $ 793.0 $ 211.1 $ 1,004.1 Whereof: China 366.7 101.1 467.8 Japan 214.8 69.6 284.4 Rest of Asia 211.5 40.4 251.9 Americas 668.1 192.7 860.8 Europe 779.6 168.3 947.9 Total $ 2,240.7 $ 572.1 $ 2,812.8 Net Sales by Region (Dollars in millions) Three months ended March 31, 2017 Passive Safety Segment Electronics Segment Total Asia $ 708.8 $ 207.2 $ 916.0 Whereof: China 322.9 100.5 423.4 Japan 200.0 61.6 261.6 Rest of Asia 185.9 45.1 231.0 Americas 648.1 215.5 863.6 Europe 684.5 144.0 828.5 Total $ 2,041.4 $ 566.7 $ 2,608.1 Net Sales by Products (Dollars in millions) Three months ended March 31, 2018 Passive Safety Segment 2) Electronics Segment 2) Total Airbag Products 1) $ 1,443.1 n/a $ 1,443.1 Seatbelt Products 1) 797.6 n/a 797.6 Restraint Control Systems n/a $ 245.5 245.5 Active Safety 1) n/a 213.0 213.0 Brake Systems n/a 113.6 113.6 Total net sales $ 2,240.7 $ 572.1 $ 2,812.8 1) 2) Net Sales by Products (Dollars in millions) Three months ended March 31, 2017 Passive Safety Segment 2) Electronics Segment 2) Total Airbag Products 1) $ 1,354.3 n/a $ 1,354.3 Seatbelt Products 1) 687.1 n/a 687.1 Restraint Control Systems n/a $ 254.7 254.7 Active Safety 1) n/a 191.5 191.5 Brake Systems n/a 120.5 120.5 Total net sales $ 2,041.4 $ 566.7 $ 2,608.1 1) 2) Contract balances The following tables provides information about receivables, contract assets, and contract liabilities from contracts with customers. The contract assets related to the Company's rights to consideration for work completed but not billed (generally in conjunction with contracts for which revenue is recognized over time) at the reporting date on production parts. The contract assets are reclassified into the receivables balance when the rights to receive payments become unconditional. There have been no impairment losses recognized related to contract assets arising from the Company’s contracts with customers. Certain contracts have resulted in consideration in advance of fulfilling the performance obligations and the amounts received have been classified as contract liabilities. Contract Balances with Customers (Dollars in millions) As of March 31, 2018 December 31, 2017 Receivables, net $ 2,406.0 $ 2,157.2 Contract assets 1) 25.7 — Contract liabilities 2) 33.6 33.0 1) 2) Receivables, net of allowance (Dollars in millions) As of March 31, 2018 December 31, 2017 Receivables $ 2,413.6 $ 2,165.7 Allowance at beginning of period (8.5 ) (7.8 ) Net decrease/(increase) of allowance 1.0 0.0 Translation difference (0.1 ) (0.7 ) Allowance at end of period (7.6 ) (8.5 ) Receivables, net of allowance $ 2,406.0 $ 2,157.2 Changes in the contract assets and the contract liabilities balances during the period are as follows: Change in Contract Balances with Customers (Dollars in millions) Three months ended March 31, 2018 Contract assets Contract liabilities Beginning balance $ — $ 33.0 Increases/(decreases) due to cumulative catch up adjustment 22.0 — Increases/(decreases) due to revenue recognized 25.7 (0.4 ) Increases/(decreases) due to cash received — — Increases/(decreases) due to transfer to receivables (22.0 ) — Translation difference 0.0 1.0 Ending balance $ 25.7 $ 33.6 Contract costs Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment cost and are included in cost of sales. The amount of fulfillment costs was not material for any period presented.

Business Combinations

Business Combinations	3 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Business Combinations	4. BUSINESS COMBINATIONS Fotonic i Norden dp AB On November 1, 2017, Autoliv completed the acquisition of all the shares of Fotonic i Norden dp AB (Fotonic), a company headquartered in Stockholm and Skellefteå in Sweden. The final acquisition date fair value of the total consideration transferred was $16.9 million, consisting of a $14.5 million cash payment and $2.4 million of deferred purchase consideration, payable at the 18 month anniversary of the closing date. The deferred purchase consideration reflects the holdback amount as stipulated in the share purchase agreement. The transaction has been accounted for as a business combination. The balance of the deferred purchase consideration remains unchanged at $2.4 million as of March 31, 2018. Fotonic provides Lidar and Time of Flight camera expertise and the acquisition included 35 Lidar and time of flight engineering experts, in addition to defined intangible assets. The strength of the acquired competence is on the Lidar and time of flight camera hardware side which form a complement to Autoliv’s skillset in the Lidar software and algorithms area. Lidar technology is an enabling technology for Highly Automated Driving and considered the primary sensor by all system developers. Fotonic is being reported in the Electronics segment. The net assets acquired as of the acquisition date amounted to $16.9 million. The estimated fair values of identifiable assets acquired consisted of Intangible assets of $3.8 million and Goodwill of $13.4 million, and the estimated fair value of liabilities assumed consisted of Other current liabilities of $0.3 million. Acquired Intangibles consisted of the fair value of background IP (patent & technical know-how). The useful life of the IP is 5 years and will be amortized on a straight-line basis. The recognized goodwill reflects the valuation of the acquired workforce of specialist engineers.

Fair Value Measurement

Fair Value Measurement	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurement	5. FAIR VALUE MEASUREMENTS Assets and liabilities measured at fair value on a recurring basis The carrying value of cash and cash equivalents, accounts receivable, accounts payable, other current liabilities and short-term debt approximate their fair value because of the short term maturity of these instruments. The fair value of the contingent consideration relating to the M/A-COM acquisition on August 17, 2015 is re-measured on a recurring basis. The Company has determined that this contingent consideration resides within Level 3 of the fair value hierarchy. The Company adjusted the fair value of the earn-out liability to $14 million in the first quarter of 2017 based on actual revenue levels as well as changes in the estimated probability of different revenue scenarios for the remaining contractual earn-out period. Income of $13 million was recognized within Other income (expense), net in the Consolidated Statements of Income in the first quarter of 2017 due to the decrease in the contingent consideration liability. The remaining fair value of the earn-out liability of $14 million as of December 31, 2017 was fully released and recognized within Other income (expense) in the first quarter of 2018, driven by changes in the estimated probability of different revenue scenarios for the remaining contractual earn-out period such that management no longer believes that there are any scenarios under which the earn-out criteria could be met. The Company uses derivative financial instruments, “derivatives”, as part of its debt management to mitigate the market risk that occurs from its exposure to changes in interest and foreign exchange rates. The Company does not enter into derivatives for trading or other speculative purposes. The Company’s use of derivatives is in accordance with the strategies contained in the Company’s overall financial policy. The derivatives outstanding at March 31, 2018 were foreign exchange swaps. All swaps principally match the terms and maturity of the underlying debt and no swaps have a maturity beyond six months. All derivatives are recognized in the consolidated financial statements at fair value. Certain derivatives are from time to time designated either as fair value hedges or cash flow hedges in line with the hedge accounting criteria. For certain other derivatives hedge accounting is not applied either because non-hedge accounting treatment creates the same accounting result or the hedge does not meet the hedge accounting requirements, although entered into applying the same rationale concerning mitigating market risk that occurs from changes in interest and foreign exchange rates. During the quarter, forward contracts designated as cash flow hedges of certain external purchasing were terminated. The loss associated with such termination was not material. The degree of judgment utilized in measuring the fair value of the instruments generally correlates to the level of pricing observability. Pricing observability is impacted by a number of factors, including the type of asset or liability, whether the asset or liability has an established market and the characteristics specific to the transaction. Instruments with readily active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of pricing observability and a lesser degree of judgment utilized in measuring fair value. Conversely, assets rarely traded or not quoted will generally have less, or no, pricing observability and a higher degree of judgment utilized in measuring fair value. Under existing GAAP, there is a disclosure framework hierarchy associated with the level of pricing observability utilized in measuring assets and liabilities at fair value. The three broad levels defined by the hierarchy are as follows: Level 1 - Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level 2 - Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities include items for which quoted prices are available but traded less frequently, and items that are fair valued using other financial instruments, the parameters of which can be directly observed. Level 3 - Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. The The tables below present information about the Company’s derivative financial assets and liabilities measured at fair value on a recurring basis. The carrying value is the same as the fair value as these instruments are recognized in the consolidated financial statements at fair value. Although the Company is party to close-out netting agreements (ISDA agreements) with all derivative counterparties, the fair values in the tables below and in the Condensed Consolidated Balance Sheet at March 31, 2018 and in the Consolidated Balance Sheet at December 31, 2017, have been presented on a gross basis. The amounts subject to netting agreements that the Company chose not to offset are presented below. According to the close-out netting agreements, transaction amounts payable to a counterparty on the same date and in the same currency can be netted. March 31, 2018 Fair Value Measurements Description Nominal volume Derivative asset Derivative liability Balance sheet location Derivatives designated as hedging instruments Foreign exchange forward contracts, less than 1 year (cash flow hedge) $ — $ — $ — Other current assets/ Other current liabilities Total derivatives designated as hedging instruments $ — $ — $ — Derivatives not designated as hedging instruments Foreign exchange swaps, less than 6 months $ 671.7 1) $ 4.4 2) $ 3.5 3) Other current assets/ Other current liabilities Total derivatives not designated as hedging instruments $ 671.7 $ 4.4 $ 3.5 1 ) Net nominal amount after deducting for offsetting swaps under ISDA agreements is $655.4 million. 2 ) Net amount after deducting for offsetting swaps under ISDA agreements is $4.3 million. 3 ) Net amount after deducting for offsetting swaps under ISDA agreements is $3.4 million. December 31, 2017 Fair Value Measurements Description Nominal volume Derivative asset Derivative liability Balance sheet location Derivatives designated as hedging instruments 1) Foreign exchange forward contracts, less than 1 year (cash flow hedge) $ 66.6 $ 0.4 $ 1.3 Other current assets/ Other current liabilities Foreign exchange forward contracts, less than 2 years (cash flow hedge) — — — Other non-current assets/ Other non-current liabilities Total derivatives designated as hedging instruments $ 66.6 $ 0.4 $ 1.3 Derivatives not designated as hedging instruments Foreign exchange swaps, less than 6 months $ 468.2 2) $ 2.4 3) $ 0.3 4) Other current assets/ Other current liabilities Total derivatives not designated as hedging instruments $ 468.2 $ 2.4 $ 0.3 1) There is no netting since there are no offsetting contracts. 2) Net nominal amount after deducting for offsetting swaps under ISDA agreements is $468.2 million. 3) Net amount after deducting for offsetting swaps under ISDA agreements is $2.4 million. 4) Net amount after deducting for offsetting swaps under ISDA agreements is $0.3 million. Derivatives designated as hedging instruments The forward contracts designated as cash flow hedges were terminated during the first quarter of 2018. The derivatives designated as hedging instruments outstanding at December 31, 2017 were foreign exchange forward contracts, classified as cash flow hedges. For the three months ended March 31, 2018 and March 31, 2017, the cumulative gains and losses recognized in OCI on the cash flow hedges were a loss of $0.0 million (net of taxes) and a loss of $1.0 million (net of taxes), respectively. For the three months ended March 31, 2018 and March 31, 2017, the gains and losses reclassified from OCI and recognized in the Consolidated Statements of Income were a loss of $0.5 million (net of taxes) and a gain of $1.5 million (net of taxes), respectively. Any ineffectiveness in the first three months of 2018 and 2017 was not material. The estimated net amount of the existing gains or losses at March 31, 2018 that is expected to be reclassified from OCI and recognized in the Consolidated Statements of Income within the next twelve months is a loss of $0.4 million (net of taxes). Derivatives not designated as hedging instruments Derivatives not designated as hedging instruments relate to economic hedges and are marked to market with all amounts recognized in the Consolidated Statements of Income. The derivatives not designated as hedging instruments outstanding at March 31, 2018 and December 31, 2017 were foreign exchange swaps. For the three months ended March 31, 2018 and March 31, 2017, the gains and losses recognized in other non-operating items, net were a loss of $1.5 million and a loss of $1.4 million, respectively, for derivative instruments not designated as hedging instruments. For the three months ended March 31, 2018 and March 31, 2017, the gains and losses recognized as interest expense were immaterial. Fair Value of Debt The fair value of long-term debt is determined either from quoted market prices as provided by participants in the secondary market or for long-term debt without quoted market prices, estimated using a discounted cash flow method based on the Company’s current borrowing rates for similar types of financing. The fair value and carrying value of debt is summarized in the table below. The Company has determined that each of these fair value measurements of debt reside within Level 2 of the fair value hierarchy. March 31, March 31, December 31, December 31, 2018 2018 2017 2017 Carrying Fair Carrying Fair Long-term debt value 1) value value 1) value U.S. Private placement $ 1,310.1 $ 1,365.1 $ 1,310.5 $ 1,379.9 Other long-term debt 15.1 15.1 11.2 11.2 Total $ 1,325.2 $ 1,380.2 $ 1,321.7 $ 1,391.1 Short-term debt Overdrafts and other short-term debt $ 58.7 $ 58.7 $ 19.5 $ 19.5 Short-term portion of long-term debt 25.3 25.3 0.2 0.2 Total $ 84.0 $ 84.0 $ 19.7 $ 19.7 1) Debt as reported in balance sheet. Assets and liabilities measured at fair value on a nonrecurring basis In addition to assets and liabilities that are measured at fair value on a recurring basis, the Company also has assets and liabilities in its balance sheet that are measured at fair value on a nonrecurring basis including certain long-lived assets, including equity method investments, goodwill and other intangible assets, typically as it relates to impairment. The Company has determined that the fair value measurements included in each of these assets and liabilities rely primarily on Company-specific inputs and the Company’s assumptions about the use of the assets and settlements of liabilities, as observable inputs are not available. The Company has determined that each of these fair value measurements reside within Level 3 of the fair value hierarchy. To determine the fair value of long-lived assets, the Company utilizes the projected cash flows expected to be generated by the long-lived assets, then discounts the future cash flows over the expected life of the long-lived assets. The tables below present information about certain of the Company’s long-lived assets measured at fair value (level 3) on a nonrecurring basis. March 31, 2018 December 31, 2017 (Dollars in millions) Fair value measurements Level 3 Impairment losses Fair value measurements Level 3 Impairment losses Goodwill 1) $ 1,691.5 $ — $ 1,688.8 $ (234.2 ) Intangible assets, net 2) 161.8 — 164.8 (12.0 ) 1) In the fourth quarter of 2017, the Company recognized an impairment charge of the full goodwill related to ANBS, resulting in an impairment loss of $234.2 million, which was included in earnings for the period. The primary driver of the goodwill impairment was due to the lower expected long-term operating cash flow performance of the business unit as of the measurement date. The remaining goodwill balance as of March 31, 2018 and December 31, 2017 was not measured at fair value on a nonrecurring basis as impairment indicators did not exist. 2) In the first quarter of 2017, the Company recognized an impairment charge to amortization of intangibles of $12 million related to a contract with an OEM customer of M/A-COM products, which was included in earnings for the period. At December 31, 2017 the intangible value related to this customer contract was fully amortized. The remaining intangibles balance as of March 31, 2018 and December 31, 2017 was not measured at fair value on a nonrecurring basis as impairment indicators did not exist.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	6. INCOME TAXES The effective tax rate in the first quarter of 2018 was 37.8% compared to 26.9% in the same quarter of 2017. Discrete tax items, net in the first quarter of 2018 had an unfavorable impact of 3.8%. In the first quarter of 2017, discrete tax items, net had a favorable impact of 0.3%. The tax rate in the first quarter of 2018 was negatively impacted by the non-deductible portion of the pre-spin advisor costs, two new international provisions provided in the new U.S. tax law (i.e., GILTI and BEAT) and losses with no tax benefit. In December 2017, the Tax Cuts and Jobs Act of 2017 (the “Act”) was signed into law making significant changes to the Internal Revenue Code. Changes include, but are not limited to, a corporate tax rate decrease from 35% to 21% effective for tax years beginning after December 31, 2017, the transition of U.S. international taxation from a worldwide tax system to a territorial system, and a one-time transition tax on the mandatory deemed repatriation of cumulative foreign earnings as of December 31, 2017. On December 22, 2017, Staff Accounting Bulletin No. 118 (“SAB 118”) was issued to address the application of U.S. GAAP in situations when a registrant does not have the necessary information available, prepared, or analyzed (including computations) in reasonable detail to complete the accounting for certain income tax effects of the Act. For the three months ended March 31, 2018, the Company did not obtain additional information affecting the provisional amount initially recorded for the transition tax for the year ended December 31, 2017. As a result, the Company did not make any adjustment to the transition tax. Additional work is still necessary for a more detailed analysis of the Company's deferred tax assets and liabilities and its historical foreign earnings as well as potential correlative adjustments. Any subsequent adjustment to these amounts will be recorded to current tax expense in the quarter of 2018 when the analysis is complete. The Company files income tax returns in the United States federal jurisdiction, and various states and non-U.S. jurisdictions. At any given time, the Company is undergoing tax audits in several tax jurisdictions covering multiple years. The Company is no longer subject to income tax examination by the U.S. federal income tax authorities for years prior to 2014. With few exceptions, the Company is no longer subject to income tax examination by U.S. state or local tax authorities or by non-U.S. tax authorities for years before 2009. As of March 31, 2018, the Company is not aware of any proposed income tax adjustments resulting from tax examinations that would have a material impact on the Company’s condensed consolidated financial statements. The conclusion of such audits could result in additional increases or decreases to unrecognized tax benefits in some future period or periods. During the first quarter of 2018, the Company recorded a net increase of $2.0 million to income tax reserves for unrecognized tax benefits based on tax positions related to the current year, including accruing additional interest related to unrecognized tax benefits of prior years. In addition, during the first quarter of 2018, the Company recorded a decrease of $1.9 million to income tax reserves for unrecognized tax benefits of prior years due to the release of a tax reserve. Of the total unrecognized tax benefits of $34.7 million recorded at March 31, 2018, $7.4 million is classified as current tax payable and $27.3 million is classified as non-current tax payable on the Condensed Consolidated Balance Sheet.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Inventories	7. INVENTORIES Inventories are stated at the lower of cost (principally FIFO) and net realizable value. The components of inventories were as follows: As of March 31, 2018 December 31, 2017 Raw materials $ 445.6 $ 423.0 Work in progress 293.3 285.2 Finished products 232.8 258.0 Inventories $ 971.7 $ 966.2 Inventory valuation reserve (106.7 ) (107.1 ) Total inventories, net of reserve $ 865.0 $ 859.1

Equity Method Investments

Equity Method Investments	3 Months Ended
	Mar. 31, 2018
Equity Method Investments And Joint Ventures [Abstract]
Equity Method Investments	8. EQUITY METHOD INVESTMENTS On April 18, 2017, Autoliv and Volvo Cars completed the formation of their joint venture, Zenuity AB. Autoliv made a cash contribution of SEK 1 billion and also contributed intellectual property, lab equipment and an assembled workforce. Autoliv and Volvo Cars each have a 50% ownership of Zenuity and neither entity has the ability to exert control over the joint venture, in form or in substance. Autoliv has accounted for its investment in Zenuity under the equity method and the investment is shown in the line item Investments and other non-current assets in the Condensed Consolidated Balance Sheets. The contributed intellectual property, lab equipment, and an assembled workforce have been assessed to constitute a business as defined by ASU 2017-01, Business Combinations (Topic 805) – Clarifying the Definition of a Business. Consolidation At the end of the first quarter of 2018, Autoliv contributed 600 MSEK (approximately $71 million) in cash (representing 50% of the total contribution, with the remainder made by Volvo Cars) into Zenuity to support its future operating cash flow needs. The profit and loss attributed to the investment is shown in the line item (Loss) income from equity method investments in the Consolidated Statements of Net Income. Autoliv’s share of Zenuity’s loss for the three months ended March 31, 2018 was approximately $14 million. As of March 31, 2018, the Company’s equity investment in Zenuity amounted to approximately $159 million.

Goodwill

Goodwill	3 Months Ended
	Mar. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	9. GOODWILL Passive Safety Segment Electronics Segment Total Carrying amount December 31, 2017 $ 1,397.1 $ 291.7 $ 1,688.8 Effect of currency translation 2.9 (0.2 ) 2.7 Carrying amount March 31, 2018 $ 1,400.0 $ 291.5 $ 1,691.5

Restructuring

Restructuring	3 Months Ended
	Mar. 31, 2018
Restructuring And Related Activities [Abstract]
Restructuring	10. RESTRUCTURING Restructuring provisions are made on a case-by-case basis and primarily include severance costs incurred in connection with headcount reductions and plant consolidations. The Company expects to finance restructuring programs over the next several years through cash generated from its ongoing operations or through cash available under existing credit facilities. The Company does not expect that the execution of these activities will have a material adverse impact on its liquidity position. The changes in the employee-related reserves have been charged against Other income (expense), net in the Consolidated Statements of Income. The majority of the reserve balance as of March 31, 2018 pertains to restructuring activities initiated in Western Europe over the past few years. The Company anticipates that its restructuring initiatives in Western Europe for a number of plants, none of which are individually or in the aggregate material as of March 31, 2018, will continue through dates ranging from 2018 through 2021. The total amount of costs expected to be incurred in connection with these restructuring activities ranges from approximately $10 million to $28 million for each individual activity. In the aggregate, the cost for these Western European restructuring initiatives is approximately $101 million and the remaining restructuring liability as of March 31, 2018 is approximately $36.7 million out of the $41.1 million total reserve balance, of which a majority relate to the Passive Safety segment. The table below summarizes the change in the balance sheet position of the restructuring reserves. Three months ended March 31, 2018 Three months ended March 31, 2017 Restructuring employee-related Restructuring Other Total Restructuring employee-related Restructuring Other Total Reserve at beginning of the period $ 41.4 $ 0.3 $ 41.7 $ 37.1 $ 0.4 $ 37.5 Provision/charge 3.3 — 3.3 2.3 0.2 2.5 Provision/reversal — — — (0.1 ) (0.4 ) (0.5 ) Cash payments (4.9 ) — (4.9 ) (9.3 ) — (9.3 ) Translation difference 1.0 — 1.0 0.6 — 0.6 Reserve at end of the period $ 40.8 $ 0.3 $ 41.1 $ 30.6 $ 0.2 $ 30.8

Product-Related Liabilities

Product-Related Liabilities	3 Months Ended
	Mar. 31, 2018
Product Warranties Disclosures [Abstract]
Product-Related Liabilities	11. PRODUCT-RELATED LIABILITIES The Company has reserves for product risks. Such reserves are related to product performance issues including recalls, product liability and warranty issues. For further explanation, see Note 14. Contingent Liabilities below. The table below summarizes the change in the balance sheet position of the product-related liabilities. For the three months ended March 31, 2018, provisions mainly related to warranty related issues and the cash paid mainly related to recall related issues. The provisions and cash paid for the three months ended March 31, 2017 mainly related to recall related issues. The decrease in the reserve balance as of March 31, 2018 compared to the prior year was mainly due to cash payments. Insurance receivables are included within Other current assets in the Condensed Consolidated Balance Sheets. Three months ended March 31, 2018 March 31, 2017 Reserve at beginning of the period $ 117.7 $ 120.1 Change in reserve 5.4 7.1 Cash payments (20.4 ) (10.5 ) Translation difference 0.8 1.0 Reserve at end of the period $ 103.5 $ 117.7

Retirement Plans

Retirement Plans	3 Months Ended
	Mar. 31, 2018
Compensation And Retirement Disclosure [Abstract]
Retirement Plans	12. RETIREMENT PLANS The Company’s most significant retirement plan is the U.S. plan for which the benefits are based on an average of the employee’s earnings in the years preceding retirement and on credited service. In a prior year, the Company closed participation in the Autoliv ASP, Inc. Pension Plan to exclude those employees hired after December 31, 2003. Within the U.S. there is also a non-qualified restoration plan that provides benefits to employees whose benefits in the primary U.S. plan are restricted by limitations on the compensation that can be considered in calculating their benefits. In December 2017 the Company decided to amend the U.S. defined pension plan, communicating a benefits freeze that will begin on December 31, 2021. For the Company’s non-U.S. defined benefit plans the most significant individual plan resides in the U.K. The Company has closed participation in the U.K. defined benefit plan to exclude all employees hired after April 30, 2003 with few members accruing benefits. The Net Periodic Benefit Costs related to Other Post-retirement Benefits were not significant to the condensed consolidated financial statements of the Company for the three month periods ended March 31, 2018 and March 31, 2017 and are not included in the table below. The components of total Net Periodic Benefit Cost associated with the Company’s defined benefit retirement plans are as follows: Three months ended March 31, 2018 March 31, 2017 Service cost $ 6.4 $ 6.0 Interest cost 5.1 5.3 Expected return on plan assets (6.2 ) (5.3 ) Amortization prior service cost 0.1 0.1 Amortization of actuarial loss 0.9 2.0 Net Periodic Benefit Cost $ 6.3 $ 8.1 The Service cost and Amortization of prior service cost components are reported among other employee compensation costs in the Consolidated Statements of Income. The remaining components Interest cost, Expected return on plan assets and Amortization of actuarial loss are reported as Other non-operating items, net in the Consolidated Statements of Income.

Equity

Equity	3 Months Ended
	Mar. 31, 2018
Noncontrolling Interest [Abstract]
Equity	13. EQUITY Three Months ended March 31, 2018 March 31, 2017 Equity attributable to Equity attributable to Controlling interest Non-controlling interest Total Controlling interest Non-controlling interest Total Balance at beginning of period $ 4,035.1 $ 134.3 $ 4,169.4 $ 3,677.2 $ 249.2 $ 3,926.4 Total Comprehensive Income: Net income (loss) 126.7 (4.3 ) 122.4 143.9 (1.8 ) 142.1 Foreign currency translation 85.8 5.8 91.6 82.6 5.8 88.4 Net change in cash flow hedges 0.4 — 0.4 (2.6 ) — (2.6 ) Defined benefit pension plan 0.6 — 0.6 1.2 — 1.2 Total Comprehensive Income (loss) 213.5 1.5 215.0 225.1 4.0 229.1 Common Stock incentives 8.6 — 8.6 4.4 — 4.4 Cash dividends declared (54.2 ) — (54.2 ) (53.0 ) — (53.0 ) Adjustment due to adoption of ASC 606 3.2 — 3.2 — — — Balance at end of period $ 4,206.2 $ 135.8 $ 4,342.0 $ 3,853.7 $ 253.2 $ 4,106.9 Stock Repurchase Program The Company did not repurchase any shares in the first quarter of 2018 or in the first quarter of 2017. The Company is authorized to repurchase an additional 2,986,288 shares under the program at March 31, 2018.

Contingent Liabilities

Contingent Liabilities	3 Months Ended
	Mar. 31, 2018
Commitments And Contingencies Disclosure [Abstract]
Contingent Liabilities	14. CONTINGENT LIABILITIES Legal Proceedings Various claims, lawsuits and proceedings are pending or threatened against the Company or its subsidiaries, covering a range of matters that arise in the ordinary course of its business activities with respect to commercial, product liability and other matters. Litigation is subject to many uncertainties, and the outcome of any litigation cannot be assured. After discussions with counsel, and with the exception of losses resulting from the antitrust proceedings described below, it is the opinion of management that the various legal proceedings and investigations to which the Company currently is a party will not have a material adverse impact on the consolidated financial position of Autoliv, but the Company cannot provide assurance that Autoliv will not experience material litigation, product liability or other losses in the future. In October 2014, one of the Company’s Brazilian subsidiaries received a notice of deficiency from the state tax authorities from the state of São Paulo, Brazil which, primarily, alleged violations of ICMS (VAT) payments and improper warehousing documentation. The aggregate assessment for all alleged violations was R$81 million (approximately $24 million), inclusive of fines, penalties and interest. The Company believed that a loss was probable with respect to at least a portion of the assessed amount and accrued an not material to the Company’s results of operations During the first quarter of 2018, the Brazilian authorities offered an amnesty period which would allow taxpayers to reduce the penalties associated with eligible tax matters by up to 85%. Company applied to In March 2015, the Company was informed of an investigation being conducted in Turkey by the Directorate of Kocaeli Customs Custody, Smuggling and Enquiry into the Company’s import and customs payment structure and the associated import taxes and fees for the period of 2006–2012. The Company cannot predict the duration, scope or ultimate outcome of this investigation and is unable to estimate the financial impact it may have, or predict the reporting periods in which any such financial impacts may be recorded. Consequently, the Company has made no provision as of March 31, 2018 with respect to this investigation. ANTITRUST MATTERS Authorities in several jurisdictions are currently conducting or have conducted broad, and in some cases, long-running investigations of suspected anti-competitive behavior among parts suppliers in the global automotive vehicle industry. These investigations include, but are not limited to, segments in which the Company operates. In addition to concluded and pending matters, authorities of other countries with significant light vehicle manufacturing or sales may initiate similar investigations. It is the Company’s policy to cooperate with governmental investigations. On June 7-9, 2011, representatives of the European Commission (“EC”), the European antitrust authority, visited two facilities of a Company subsidiary in Germany to gather information for an investigation of anti-competitive behavior among suppliers of occupant safety systems. On November 22, 2017, the EC concluded a discrete portion of its investigation and imposed a fine on the Company of EUR 8.1 million (approximately $9.7 million) with respect to this portion of the EC’s overall investigation while it continues the more significant portion of its investigation. The Company paid this amount during the first quarter of 2018, and had previously accrued EUR 8.3 million (approximately $9.9 million) in 2017 with respect to this discrete portion of the investigation. Management does not believe the outcome of this discrete portion of the EC’s investigation provides an indication of the total probable loss associated with the EC investigation as a whole. The Company remains unable to estimate the financial impact of what the Company believes to be the substantially more significant, continuing portion of the investigation or predict the reporting periods in which such financial impact may be recorded. Consequently, the Company has not recorded a provision for loss as of March 31, 2018 other than as noted above for the discrete portion of the investigation. However, management believes it is probable that the Company’s operating results and cash flows will be materially adversely impacted for the reporting periods in which the continuing portion of the investigation is resolved or becomes estimable. In August 2014, the Competition Commission of South Africa (the “CCSA”) contacted the Company regarding an investigation into the Company’s sales of occupant safety systems in South Africa. In September 2017, the Company entered into a settlement agreement with the CCSA in which the Company agreed to pay an administrative penalty of R150 million (approximately $11 million), which the Competition Tribunal in South Africa confirmed on November 22, 2017. The Company had previously accrued a total of approximately $6 million in 2016 for this matter, and accrued an additional amount of approximately $5 million in 2017 with respect to the proposed settlement, and final payment of the settlement amount was made in February 2018. In November 2016, the Company entered into a settlement agreement with the General Superintendence of the Administrative Council for Economic Defense in Brazil with respect to an investigation of an alleged cartel involving sales in Brazil of seatbelts, airbags and steering wheels by the Company’s Brazilian subsidiary and the Brazilian subsidiary of a competitor for an amount that is not material to the Company’s results of operations. Settlement amounts were accrued for this matter during the periods ended December 31, 2015 and December 31, 2016, and final payment of the accrued amounts was made in 2017. The Company is also subject to civil litigation alleging anti-competitive conduct in the U.S. and Canada. Specifically, the Company, several of its subsidiaries and its competitors were named as defendants in a total of nineteen purported antitrust class action lawsuits filed between June 2012 and June 2015. Fifteen of these lawsuits were filed in the U.S. and were consolidated in the Occupant Safety Systems (OSS) segment of the Automobile Parts Antitrust Litigation, a Multi-District Litigation (MDL) proceeding in the United States District Court for the Eastern District of Michigan. Plaintiffs in the U.S. cases sought to represent four purported classes - direct purchasers, auto dealers, end-payors, and truck and equipment dealers who purchased in the U.S. occupant safety systems or components directly from a defendant, indirectly through purchases or leases of new vehicles containing such systems, or through purchases of replacement parts. In May 2014, the Company, without admitting any liability, entered into separate settlement agreements with the direct purchasers, auto dealers, end-payors plaintiff classes, which were granted final approval by the MDL court in 2015 and 2016. The total settlement amount of $65 million (later reduced to approximately $60.5 million as a result of opt outs from the direct purchaser settlement) was expensed in 2014. In April 2016, the Company entered into a settlement agreement with the truck and equipment dealers’ class, which was granted final approval by the MDL court in 2016, for an amount that is not material to the Company’s results of operations. The class settlements do not resolve any claims of settlement class members who opt-out of the settlements or the unasserted claims of any purchasers of occupant safety systems who are not otherwise included in a settlement class, such as states and municipalities. Two direct purchasers opted out of the Company’s direct purchaser class settlement and several individuals and one insurer (and its affiliated entities) opted-out of the end-payor class settlements, including the Company’s settlement. In September 2016, the insurer (and its affiliated entities) that opted out of the end-payor class settlement filed an antitrust lawsuit in the United States District Court for the Eastern District of Michigan, the venue for the MDL, against the Company and the other settling defendants in the end-payor class settlements. The defendants’ motion to dismiss the complaint on various grounds is pending. The Company cannot predict or estimate the duration or ultimate outcome of this matter. In March 2015, the Company, without admitting any liability, reached agreements regarding additional settlements to resolve certain direct purchasers’ global (including U.S.) or non-U.S. antitrust claims that were not covered by the direct purchaser class settlement. The total amount of these additional settlements was $81 million. Autoliv expensed during the first quarter of 2015 approximately $77 million as a result of these additional settlements, net of existing amounts that had been accrued in 2014. The remaining four antitrust class action lawsuits were filed in Canada (Sheridan Chevrolet Cadillac Ltd. et al. v. Autoliv, Inc. et al., filed in the Ontario Superior Court of Justice on January 18, 2013; M. Serge Asselin v. Autoliv, Inc. et al., filed in the Superior Court of Quebec on March 14, 2013; Ewert v. Autoliv, Inc. et al., filed in the Supreme Court of British Columbia on July 18, 2013; and Cindy Retallick and Jagjeet Singh Rajput v. Autoliv ASP, Inc. et al., filed in the Queen’s Bench of the Judicial Center of Regina in the province of Saskatchewan on May 14, 2014) asserting claims on behalf of putative classes of both direct and indirect purchasers of occupant safety systems. In February 2017, the Company entered into, and the courts subsequently approved, a settlement agreement with plaintiffs in three of the four class actions to settle on a nationwide class basis for an amount that is not material to the Company’s results of operations. Settlement amounts were accrued for this matter during the period ended December 31, 2016 and final payment of the accrued amounts was made in 2017. This national settlement includes the claims of the putative members of the fourth class action. PRODUCT WARRANTY, RECALLS AND INTELLECTUAL PROPERTY Autoliv is exposed to various claims for damages and compensation if its products fail to perform as expected. Such claims can be made, and result in costs and other losses to the Company, even where the product is eventually found to have functioned properly. Where a product (actually or allegedly) fails to perform as expected, the Company may face warranty and recall claims. Where such (actual or alleged) failure results, or is alleged to result, in bodily injury and/or property damage, the Company may also face product liability and other claims. There can be no assurance that the Company will not experience material warranty, recall or product (or other) liability claims or losses in the future, or that the Company will not incur significant costs to defend against such claims. The Company may be required to participate in a recall involving its products. Each vehicle manufacturer has its own practices regarding product recalls and other product liability actions relating to its suppliers. As suppliers become more integrally involved in the vehicle design process and assume more of the vehicle assembly functions, vehicle manufacturers are increasingly looking to their suppliers for contribution when faced with recalls and product liability claims. Government safety regulators may also play a role in warranty and recall practices. A warranty, recall or product-liability claim brought against the Company in excess of its insurance may have a material adverse effect on the Company’s business. Vehicle manufacturers are also increasingly requiring their outside suppliers to guarantee or warrant their products and bear the costs of repair and replacement of such products under new vehicle warranties. A vehicle manufacturer may attempt to hold the Company responsible for some, or all, of the repair or replacement costs of products when the product supplied did not perform as represented by us or expected by the customer. Accordingly, the future costs of warranty claims by the customers may be material. However, the Company believes its established reserves are adequate. Autoliv’s warranty reserves are based upon the Company’s best estimates of amounts necessary to settle future and existing claims. The Company regularly evaluates the adequacy of these reserves, and adjusts them when appropriate. However, the final amounts actually due related to these matters could differ materially from the Company’s recorded estimates. In addition, as vehicle manufacturers increasingly use global platforms and procedures, quality performance evaluations are also conducted on a global basis. Any one or more quality, warranty or other recall issue(s) (including those affecting few units and/or having a small financial impact) may cause a vehicle manufacturer to implement measures such as a temporary or prolonged suspension of new orders, which may have a material impact on the Company’s results of operations. The Company carries insurance for potential recall and product liability claims at coverage levels based on our prior claims experience. Autoliv cannot assure that the level of coverage will be sufficient to cover every possible claim that can arise in our businesses, now or in the future, or that such coverage always will be available should we, now or in the future, wish to extend, increase or otherwise adjust our insurance. On June 29, 2016, the Company announced that it is cooperating with Toyota Motor Corp. in its recall of approximately 1.4 million vehicles equipped with a certain model of the Company’s side curtain airbag (the “Toyota Recall”). Toyota has informed the Company that there have been eight reported incidents where a side curtain airbag has partially inflated without a deployment signal from the airbag control unit. The incidents have all occurred in parked, unoccupied vehicles and no personal injuries have been reported. The root cause analysis of the issue is ongoing. However, at this point in time the Company believes that a compromised manufacturing process at a sub-supplier may be a contributing factor and, as no incidents have been confirmed in vehicles produced by other OEMs with the same inflator produced during the same period as those recalled by Toyota, that vehicle-specific characteristics may also contribute to the issue. The sub-supplier’s manufacturing process was changed in January 2012, and the vehicles now recalled by Toyota represent more than half of all inflators of the relevant type manufactured before the sub-supplier process was changed. As previously disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, the Company determined pursuant to ASC 450 that a loss with respect to this issue is reasonably possible. If the Company is obligated to indemnify Toyota for the costs associated with the Toyota Recall, the Company expects that its insurance will generally cover such costs and liabilities and estimates that the Company’s loss, net of expected insurance recoveries, would be less than $20 million. However, the ultimate costs of the Toyota Recall could be materially different. The main variables affecting the ultimate cost for the Company are: the determination of proportionate responsibility (if any) among Toyota, the Company, and any relevant sub-suppliers; the ultimate number of vehicles repaired; the cost of repair per vehicle; and the actual recoveries from sub-suppliers and insurers. The Company’s insurance policies generally include coverage of the costs of a recall, although costs related to replacement parts are generally not covered. In its products, the Company utilizes technologies which may be subject to intellectual property rights of third parties. While the Company does seek to procure the necessary rights to utilize intellectual property rights associated with its products, it may fail to do so. Where the Company so fails, the Company may be exposed to material claims from the owners of such rights. Where the Company has sold products which infringe upon such rights, its customers may be entitled to be indemnified by the Company for the claims they suffer as a result thereof. Such claims could be material. The table in Note 11. Product-Related Liabilities above summarizes the change in the balance sheet position of the product related liabilities.

Stock Incentive Plan

Stock Incentive Plan	3 Months Ended
	Mar. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Incentive Plan	15. STOCK INCENTIVE PLAN In February 2018, under the Company’s long-term incentive (LTI) program, certain employees received restricted stock units (RSUs) with dividend equivalent rights. The RSUs were granted on February 13, 2018 and will vest on the third anniversary of the grant date, subject to the grantee’s continued employment with the Company on the vesting date and acceleration of vesting in certain circumstances. In February 2017 and 2016, certain employees received 50% of their LTI grant value in the form of performance shares (PSs) and 50% in the form of RSUs. The grantee may earn 0%-200% of the target number of PSs based on the Company’s achievement of specified targets. The performance targets are: 1) the Company’s compound annual growth rate (CAGR) for sales and 2) the Company’s CAGR in earnings per share relative to an established benchmark growth rate. Each performance target is weighted 50% and results are measured at the end of the three-year performance period. Each PS represents a promise to transfer a share of the Company’s common stock to the employee following completion of the performance period, provided that the performance goals mentioned above are met and provided, further, that the grantee remains employed through the performance period, subject to certain limited exceptions. The RSUs granted on February 15, 2016 and May 9, 2016 vest in three approximately equal annual installments beginning on the first anniversary of the grant date, and the RSUs granted on February 19, 2017 will vest in one installment on the third anniversary of the grant date, in each case subject to the grantee’s continued employment with the Company on each vesting date and acceleration of vesting in certain circumstances. The RSUs and PSs granted in 2017 entitle the grantee to receive dividend equivalents in the form of additional RSUs and PSs, respectively, subject to the same vesting conditions as the underlying RSUs and PSs, respectively. The fair value of PSs and RSUs granted in 2017 is calculated by using the closing stock price on the grant date. For the RSUs and PSs granted in 2016 and earlier, the fair value of a RSU and a PS was estimated using the Black Scholes valuation model. The grant date fair value for the RSUs granted on February 19, 2017 was $7.9 million. This cost will be amortized straight line over the vesting period. The grant date fair value of the PSs at February 19, 2017 was also $7.9 million. For PSs, the grant date fair value of the number of awards expected to vest is based on the Company’s best estimate of ultimate performance against the respective targets and is recognized as compensation cost on a straight-line basis over the requisite vesting period of the awards. The Company assesses the expected achievement levels at the end of each quarter. As of March 31, 2018, the Company believes it is probable that the performance conditions for the two grants will be met, although at a different level, and has accrued for the compensation expense accordingly. The cumulative effect of the change in estimate is recognized in the period of change as an adjustment to compensation expense. The Company’s non-employee directors historically received grants of fully-vested shares of the Company’s common stock as payment of 50% of their annual base retainer, which shares were granted in arrears following a year of service. The Company’s non-employee directors received their last grant of fully-vested shares of the Company’s common stock pursuant to the prior program on the date of the 2017 annual general meeting of stockholders (AGM). The grant date fair value for the fully-vested shares of the Company’s common stock granted to the Company’s non-employee directors on May 9, 2017 was $1.2 million. Pursuant to the Company’s new director compensation policy, commencing May 2017, the Company’s non-employee directors receive RSUs as payment of 50% of their annual base retainer, which RSUs vest in one installment on the earlier of the date of the next AGM or the first anniversary of the grant date, in each case subject to the grantee’s continued service as a non-employee director on the vesting date. The RSUs granted to the Company’s non-employee directors entitle the grantee to receive dividend equivalents in the form of additional RSUs subject to the same vesting conditions as the underlying RSUs. The grant date fair value for the RSUs granted to the Company’s non-employee directors on May 9, 2017 was $1.0 million.

Earnings per share

Earnings per share	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Earnings per share	16. EARNINGS PER SHARE The Company calculates basic earnings per share (EPS) by dividing net income attributable to controlling interest by the weighted-average number of shares of common stock outstanding for the period (net of treasury shares). The diluted EPS reflects the potential dilution that could occur if common stock were issued for awards under the Company’s Stock Incentive Plan. For the three months ended March 31, 2018 and March 31, 2017, 0 shares and approximately 0.2 million shares of common stock, respectively, were not included in the computation of the diluted EPS, which could potentially dilute basic EPS in the future. During the three months ended March 31, 2018 and March 31, 2017, approximately 118 thousand and 95 thousand shares of common stock, respectively, from the treasury stock have been utilized by the Company’s Stock Incentive Plan. The computation of basic and diluted EPS under the two-class method were as follows: (In millions, except per share amounts) Three months ended March 31, 2018 March 31, 2017 Numerator: Basic and diluted: Net income attributable to controlling interest $ 126.7 $ 143.9 Participating share awards with dividend equivalent rights — — Net income available to common shareholders 126.7 143.9 Earnings allocated to participating share awards 1) — (0.1 ) Net income attributable to common shareholders $ 126.7 $ 143.8 Denominator: 1) Basic: Weighted average common stock 87.0 88.3 Add: Weighted average stock options/share awards 0.3 0.2 Diluted: 87.3 88.5 Basic EPS $ 1.46 $ 1.63 Diluted EPS $ 1.45 $ 1.62 1) The Company’s unvested RSUs and PSs, of which some include the right to receive non-forfeitable dividend equivalents, are considered participating securities. Calculations of EPS under the two-class method exclude from the numerator any dividends paid or owed on participating securities and any undistributed earnings considered to be attributable to participating securities. The related participating securities are similarly excluded from the denominator.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment Information	17. SEGMENT INFORMATION The Company has two segments, Passive Safety and Electronics. Passive Safety includes the Company’s airbag and seatbelt products and related expertise, and Electronics combines all of the Company’s electronics resources and expertise in restraint control and sensing, brake systems and active safety. Three months ended Net sales, including Intersegment Sales (Dollars in millions) March 31, 2018 March 31, 2017 Passive Safety $ 2,237.9 $ 2,040.2 Electronics 593.6 583.3 Total segment sales $ 2,831.5 $ 2,623.5 Corporate and other 4.0 1.4 Intersegment sales (22.7 ) (16.8 ) Total net sales $ 2,812.8 $ 2,608.1 Three months ended Income before Income Taxes (Dollars in millions) March 31, 2018 March 31, 2017 Passive Safety $ 225.3 $ 204.9 Electronics 30.2 13.6 Segment operating income $ 255.5 $ 218.5 Corporate and other (30.1 ) (0.9 ) Interest and other non-operating expenses, net (15.8 ) (23.7 ) (Loss) income from equity method investments (12.7 ) 0.5 Income before income taxes $ 196.9 $ 194.4 Three months ended Capital Expenditures (Dollars in millions) March 31, 2018 March 31, 2017 Passive Safety $ 109.4 $ 101.1 Electronics 30.9 27.3 Corporate and other 0.7 1.1 Total capital expenditures $ 141.0 $ 129.5 Three months ended Depreciation and Amortization (Dollars in millions) March 31, 2018 March 31, 2017 Passive Safety $ 82.6 $ 73.1 Electronics 26.3 38.8 Corporate and other 0.9 2.9 Total depreciation and amortization $ 109.8 $ 114.8 As of Segment Assets (Dollars in millions) March 31, 2018 December 31, 2017 Passive Safety $ 6,479.3 $ 6,114.2 Electronics 1,803.7 1,588.4 Segment assets $ 8,283.0 $ 7,702.6 Corporate and other 1) 595.1 847.3 Total assets $ 8,878.1 $ 8,549.9 1) Corporate and other assets mainly consist of cash and cash equivalents, income tax and deferred tax assets and equity method investments.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	18. SUBSEQUENT EVENTS There were no reportable events subsequent to March 31, 2018.

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
New Accounting Standards	Adoption of New Accounting Standards In February 2018, the FASB issued ASU 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220) – Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (AOCI) In March 2017, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2017-07, Compensation-Retirement Benefits (Topic 715) - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost In January 2018, the FASB released guidance on the accounting for tax on the global intangible low-taxed income (“GILTI”) provisions of the Tax Cuts and Jobs Act (the “Act”). The GILTI provisions impose a tax on foreign income in excess of a deemed return on tangible assets of foreign corporations. In the first quarter of 2018, the Company elected to treat any potential GILTI inclusions as a period cost. In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740) – Intra-Entity Transfers of Assets Other Than Inventory In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), Balance Sheet (Dollars in millions) Balance at December 31, 2017 Adjustments due to ASU 2014-09 Balance at January 1, 2018 Assets Inventories, net $ 859.1 $ (17.4 ) $ 841.7 Other current assets 228.9 22.0 250.9 Equity Retained Earnings 4,079.2 3.2 4,082.4 Three months period ended March 31, 2018 Income Statement (Dollars in millions) As Reported Balances without adoption of ASC 606 Effect of Changes Net sales $ 2,812.8 $ 2,809.1 $ 3.7 Cost of sales (2,233.6 ) (2,230.5 ) (3.1 ) Operating income 225.4 224.8 0.6 As of March 31, 2018 Balance Sheet (Dollars in millions) As Reported Balances without adoption of ASC 606 Effect of Changes Assets Inventories, net $ 865.0 $ 885.4 $ (20.4 ) Other current assets 277.0 251.3 25.7 Equity Retained Earnings 4,165.2 4,161.5 3.7 Accounting Standards Issued But Not Yet Adopted In August 2017, the FASB issued ASU 2017-12 , Derivative and Hedging (Topic 815), Targeted improvements to accounting for hedging activities In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842),
Financial Instruments	The Company uses derivative financial instruments, “derivatives”, as part of its debt management to mitigate the market risk that occurs from its exposure to changes in interest and foreign exchange rates. The Company does not enter into derivatives for trading or other speculative purposes. The Company’s use of derivatives is in accordance with the strategies contained in the Company’s overall financial policy. The derivatives outstanding at March 31, 2018 were foreign exchange swaps. All swaps principally match the terms and maturity of the underlying debt and no swaps have a maturity beyond six months. All derivatives are recognized in the consolidated financial statements at fair value. Certain derivatives are from time to time designated either as fair value hedges or cash flow hedges in line with the hedge accounting criteria. For certain other derivatives hedge accounting is not applied either because non-hedge accounting treatment creates the same accounting result or the hedge does not meet the hedge accounting requirements, although entered into applying the same rationale concerning mitigating market risk that occurs from changes in interest and foreign exchange rates. During the quarter, forward contracts designated as cash flow hedges of certain external purchasing were terminated. The loss associated with such termination was not material. The degree of judgment utilized in measuring the fair value of the instruments generally correlates to the level of pricing observability. Pricing observability is impacted by a number of factors, including the type of asset or liability, whether the asset or liability has an established market and the characteristics specific to the transaction. Instruments with readily active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of pricing observability and a lesser degree of judgment utilized in measuring fair value. Conversely, assets rarely traded or not quoted will generally have less, or no, pricing observability and a higher degree of judgment utilized in measuring fair value. Under existing GAAP, there is a disclosure framework hierarchy associated with the level of pricing observability utilized in measuring assets and liabilities at fair value. The three broad levels defined by the hierarchy are as follows: Level 1 - Quoted prices are available in active markets for identical assets or liabilities as of the reported date. Level 2 - Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reported date. The nature of these assets and liabilities include items for which quoted prices are available but traded less frequently, and items that are fair valued using other financial instruments, the parameters of which can be directly observed. Level 3 - Assets and liabilities that have little to no pricing observability as of the reported date. These items do not have two-way markets and are measured using management’s best estimate of fair value, where the inputs into the determination of fair value require significant management judgment or estimation. The The Company has determined that the fair value measurements included in each of these assets and liabilities rely primarily on Company-specific inputs and the Company’s assumptions about the use of the assets and settlements of liabilities, as observable inputs are not available. The Company has determined that each of these fair value measurements reside within Level 3 of the fair value hierarchy. To determine the fair value of long-lived assets, the Company utilizes the projected cash flows expected to be generated by the long-lived assets, then discounts the future cash flows over the expected life of the long-lived assets. The tables below present information about certain of the Company’s long-lived assets measured at fair value (level 3) on a nonrecurring basis. March 31, 2018 December 31, 2017 (Dollars in millions) Fair value measurements Level 3 Impairment losses Fair value measurements Level 3 Impairment losses Goodwill 1) $ 1,691.5 $ — $ 1,688.8 $ (234.2 ) Intangible assets, net 2) 161.8 — 164.8 (12.0 ) 1) In the fourth quarter of 2017, the Company recognized an impairment charge of the full goodwill related to ANBS, resulting in an impairment loss of $234.2 million, which was included in earnings for the period. The primary driver of the goodwill impairment was due to the lower expected long-term operating cash flow performance of the business unit as of the measurement date. The remaining goodwill balance as of March 31, 2018 and December 31, 2017 was not measured at fair value on a nonrecurring basis as impairment indicators did not exist. 2) In the first quarter of 2017, the Company recognized an impairment charge to amortization of intangibles of $12 million related to a contract with an OEM customer of M/A-COM products, which was included in earnings for the period. At December 31, 2017 the intangible value related to this customer contract was fully amortized. The remaining intangibles balance as of March 31, 2018 and December 31, 2017 was not measured at fair value on a nonrecurring basis as impairment indicators did not exist.
Inventories	Inventories are stated at the lower of cost (principally FIFO) and net realizable value.
Restructuring Provisions	Restructuring provisions are made on a case-by-case basis and primarily include severance costs incurred in connection with headcount reductions and plant consolidations.
Contingent Liabilities	Autoliv’s warranty reserves are based upon the Company’s best estimates of amounts necessary to settle future and existing claims. The Company regularly evaluates the adequacy of these reserves, and adjusts them when appropriate. However, the final amounts actually due related to these matters could differ materially from the Company’s recorded estimates.
Stock Incentive Plan	The fair value of PSs and RSUs granted in 2017 is calculated by using the closing stock price on the grant date. For the RSUs and PSs granted in 2016 and earlier, the fair value of a RSU and a PS was estimated using the Black Scholes valuation model. The grant date fair value for the RSUs granted on February 19, 2017 was $7.9 million. This cost will be amortized straight line over the vesting period. The grant date fair value of the PSs at February 19, 2017 was also $7.9 million. For PSs, the grant date fair value of the number of awards expected to vest is based on the Company’s best estimate of ultimate performance against the respective targets and is recognized as compensation cost on a straight-line basis over the requisite vesting period of the awards. The Company assesses the expected achievement levels at the end of each quarter. As of March 31, 2018, the Company believes it is probable that the performance conditions for the two grants will be met, although at a different level, and has accrued for the compensation expense accordingly. The cumulative effect of the change in estimate is recognized in the period of change as an adjustment to compensation expense.
Earnings Per Share	The Company calculates basic earnings per share (EPS) by dividing net income attributable to controlling interest by the weighted-average number of shares of common stock outstanding for the period (net of treasury shares). The diluted EPS reflects the potential dilution that could occur if common stock were issued for awards under the Company’s Stock Incentive Plan.

New Accounting Standards (Table

New Accounting Standards (Tables)	3 Months Ended
	Mar. 31, 2018
Accounting Changes And Error Corrections [Abstract]
Summary of Impact of Adoption of New Accounting Standards	Balance Sheet (Dollars in millions) Balance at December 31, 2017 Adjustments due to ASU 2014-09 Balance at January 1, 2018 Assets Inventories, net $ 859.1 $ (17.4 ) $ 841.7 Other current assets 228.9 22.0 250.9 Equity Retained Earnings 4,079.2 3.2 4,082.4 Three months period ended March 31, 2018 Income Statement (Dollars in millions) As Reported Balances without adoption of ASC 606 Effect of Changes Net sales $ 2,812.8 $ 2,809.1 $ 3.7 Cost of sales (2,233.6 ) (2,230.5 ) (3.1 ) Operating income 225.4 224.8 0.6 As of March 31, 2018 Balance Sheet (Dollars in millions) As Reported Balances without adoption of ASC 606 Effect of Changes Assets Inventories, net $ 865.0 $ 885.4 $ (20.4 ) Other current assets 277.0 251.3 25.7 Equity Retained Earnings 4,165.2 4,161.5 3.7

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2018
Revenue From Contract With Customer [Abstract]
Revenue Disaggregated by Primary Region and Products	In the following tables, revenue is disaggregated by primary region and products. Net Sales by Region (Dollars in millions) Three months ended March 31, 2018 Passive Safety Segment Electronics Segment Total Asia $ 793.0 $ 211.1 $ 1,004.1 Whereof: China 366.7 101.1 467.8 Japan 214.8 69.6 284.4 Rest of Asia 211.5 40.4 251.9 Americas 668.1 192.7 860.8 Europe 779.6 168.3 947.9 Total $ 2,240.7 $ 572.1 $ 2,812.8 Net Sales by Region (Dollars in millions) Three months ended March 31, 2017 Passive Safety Segment Electronics Segment Total Asia $ 708.8 $ 207.2 $ 916.0 Whereof: China 322.9 100.5 423.4 Japan 200.0 61.6 261.6 Rest of Asia 185.9 45.1 231.0 Americas 648.1 215.5 863.6 Europe 684.5 144.0 828.5 Total $ 2,041.4 $ 566.7 $ 2,608.1 Net Sales by Products (Dollars in millions) Three months ended March 31, 2018 Passive Safety Segment 2) Electronics Segment 2) Total Airbag Products 1) $ 1,443.1 n/a $ 1,443.1 Seatbelt Products 1) 797.6 n/a 797.6 Restraint Control Systems n/a $ 245.5 245.5 Active Safety 1) n/a 213.0 213.0 Brake Systems n/a 113.6 113.6 Total net sales $ 2,240.7 $ 572.1 $ 2,812.8 1) 2) Net Sales by Products (Dollars in millions) Three months ended March 31, 2017 Passive Safety Segment 2) Electronics Segment 2) Total Airbag Products 1) $ 1,354.3 n/a $ 1,354.3 Seatbelt Products 1) 687.1 n/a 687.1 Restraint Control Systems n/a $ 254.7 254.7 Active Safety 1) n/a 191.5 191.5 Brake Systems n/a 120.5 120.5 Total net sales $ 2,041.4 $ 566.7 $ 2,608.1 1) 2)
Summary of Information about Receivables, Contract Assets, and Contract Liabilities from Contracts with Customers	The following tables provides information about receivables, contract assets, and contract liabilities from contracts with customers. Contract Balances with Customers (Dollars in millions) As of March 31, 2018 December 31, 2017 Receivables, net $ 2,406.0 $ 2,157.2 Contract assets 1) 25.7 — Contract liabilities 2) 33.6 33.0 1) 2) Receivables, net of allowance (Dollars in millions) As of March 31, 2018 December 31, 2017 Receivables $ 2,413.6 $ 2,165.7 Allowance at beginning of period (8.5 ) (7.8 ) Net decrease/(increase) of allowance 1.0 0.0 Translation difference (0.1 ) (0.7 ) Allowance at end of period (7.6 ) (8.5 ) Receivables, net of allowance $ 2,406.0 $ 2,157.2
Summary of Changes in Contract Assets and Contract Liabilities	Changes in the contract assets and the contract liabilities balances during the period are as follows: Change in Contract Balances with Customers (Dollars in millions) Three months ended March 31, 2018 Contract assets Contract liabilities Beginning balance $ — $ 33.0 Increases/(decreases) due to cumulative catch up adjustment 22.0 — Increases/(decreases) due to revenue recognized 25.7 (0.4 ) Increases/(decreases) due to cash received — — Increases/(decreases) due to transfer to receivables (22.0 ) — Translation difference 0.0 1.0 Ending balance $ 25.7 $ 33.6

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Derivative Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	The tables below present information about the Company’s derivative financial assets and liabilities measured at fair value on a recurring basis. March 31, 2018 Fair Value Measurements Description Nominal volume Derivative asset Derivative liability Balance sheet location Derivatives designated as hedging instruments Foreign exchange forward contracts, less than 1 year (cash flow hedge) $ — $ — $ — Other current assets/ Other current liabilities Total derivatives designated as hedging instruments $ — $ — $ — Derivatives not designated as hedging instruments Foreign exchange swaps, less than 6 months $ 671.7 1) $ 4.4 2) $ 3.5 3) Other current assets/ Other current liabilities Total derivatives not designated as hedging instruments $ 671.7 $ 4.4 $ 3.5 1 ) Net nominal amount after deducting for offsetting swaps under ISDA agreements is $655.4 million. 2 ) Net amount after deducting for offsetting swaps under ISDA agreements is $4.3 million. 3 ) Net amount after deducting for offsetting swaps under ISDA agreements is $3.4 million. December 31, 2017 Fair Value Measurements Description Nominal volume Derivative asset Derivative liability Balance sheet location Derivatives designated as hedging instruments 1) Foreign exchange forward contracts, less than 1 year (cash flow hedge) $ 66.6 $ 0.4 $ 1.3 Other current assets/ Other current liabilities Foreign exchange forward contracts, less than 2 years (cash flow hedge) — — — Other non-current assets/ Other non-current liabilities Total derivatives designated as hedging instruments $ 66.6 $ 0.4 $ 1.3 Derivatives not designated as hedging instruments Foreign exchange swaps, less than 6 months $ 468.2 2) $ 2.4 3) $ 0.3 4) Other current assets/ Other current liabilities Total derivatives not designated as hedging instruments $ 468.2 $ 2.4 $ 0.3 1) There is no netting since there are no offsetting contracts. 2) Net nominal amount after deducting for offsetting swaps under ISDA agreements is $468.2 million. 3) Net amount after deducting for offsetting swaps under ISDA agreements is $2.4 million. 4) Net amount after deducting for offsetting swaps under ISDA agreements is $0.3 million.
Fair Value of Debt	March 31, March 31, December 31, December 31, 2018 2018 2017 2017 Carrying Fair Carrying Fair Long-term debt value 1) value value 1) value U.S. Private placement $ 1,310.1 $ 1,365.1 $ 1,310.5 $ 1,379.9 Other long-term debt 15.1 15.1 11.2 11.2 Total $ 1,325.2 $ 1,380.2 $ 1,321.7 $ 1,391.1 Short-term debt Overdrafts and other short-term debt $ 58.7 $ 58.7 $ 19.5 $ 19.5 Short-term portion of long-term debt 25.3 25.3 0.2 0.2 Total $ 84.0 $ 84.0 $ 19.7 $ 19.7 1) Debt as reported in balance sheet.
Long-lived Assets Measured at Fair Value (Level 3) on a Nonrecurring Basis	The tables below present information about certain of the Company’s long-lived assets measured at fair value (level 3) on a nonrecurring basis. March 31, 2018 December 31, 2017 (Dollars in millions) Fair value measurements Level 3 Impairment losses Fair value measurements Level 3 Impairment losses Goodwill 1) $ 1,691.5 $ — $ 1,688.8 $ (234.2 ) Intangible assets, net 2) 161.8 — 164.8 (12.0 ) 1) In the fourth quarter of 2017, the Company recognized an impairment charge of the full goodwill related to ANBS, resulting in an impairment loss of $234.2 million, which was included in earnings for the period. The primary driver of the goodwill impairment was due to the lower expected long-term operating cash flow performance of the business unit as of the measurement date. The remaining goodwill balance as of March 31, 2018 and December 31, 2017 was not measured at fair value on a nonrecurring basis as impairment indicators did not exist. 2) In the first quarter of 2017, the Company recognized an impairment charge to amortization of intangibles of $12 million related to a contract with an OEM customer of M/A-COM products, which was included in earnings for the period. At December 31, 2017 the intangible value related to this customer contract was fully amortized. The remaining intangibles balance as of March 31, 2018 and December 31, 2017 was not measured at fair value on a nonrecurring basis as impairment indicators did not exist.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Components of Inventories	As of March 31, 2018 December 31, 2017 Raw materials $ 445.6 $ 423.0 Work in progress 293.3 285.2 Finished products 232.8 258.0 Inventories $ 971.7 $ 966.2 Inventory valuation reserve (106.7 ) (107.1 ) Total inventories, net of reserve $ 865.0 $ 859.1

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Mar. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Goodwill	Passive Safety Segment Electronics Segment Total Carrying amount December 31, 2017 $ 1,397.1 $ 291.7 $ 1,688.8 Effect of currency translation 2.9 (0.2 ) 2.7 Carrying amount March 31, 2018 $ 1,400.0 $ 291.5 $ 1,691.5

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Mar. 31, 2018
Restructuring And Related Activities [Abstract]
Schedule of Change in Balance Sheet Position of Restructuring Reserves	The table below summarizes the change in the balance sheet position of the restructuring reserves. Three months ended March 31, 2018 Three months ended March 31, 2017 Restructuring employee-related Restructuring Other Total Restructuring employee-related Restructuring Other Total Reserve at beginning of the period $ 41.4 $ 0.3 $ 41.7 $ 37.1 $ 0.4 $ 37.5 Provision/charge 3.3 — 3.3 2.3 0.2 2.5 Provision/reversal — — — (0.1 ) (0.4 ) (0.5 ) Cash payments (4.9 ) — (4.9 ) (9.3 ) — (9.3 ) Translation difference 1.0 — 1.0 0.6 — 0.6 Reserve at end of the period $ 40.8 $ 0.3 $ 41.1 $ 30.6 $ 0.2 $ 30.8

Product-Related Liabilities (Ta

Product-Related Liabilities (Tables)	3 Months Ended
	Mar. 31, 2018
Product Warranties Disclosures [Abstract]
Schedule of Change in Balance Sheet Position of Product-Related Liabilities	The table below summarizes the change in the balance sheet position of the product-related liabilities. For the three months ended March 31, 2018, provisions mainly related to warranty related issues and the cash paid mainly related to recall related issues. The provisions and cash paid for the three months ended March 31, 2017 mainly related to recall related issues. The decrease in the reserve balance as of March 31, 2018 compared to the prior year was mainly due to cash payments. Insurance receivables are included within Other current assets in the Condensed Consolidated Balance Sheets. Three months ended March 31, 2018 March 31, 2017 Reserve at beginning of the period $ 117.7 $ 120.1 Change in reserve 5.4 7.1 Cash payments (20.4 ) (10.5 ) Translation difference 0.8 1.0 Reserve at end of the period $ 103.5 $ 117.7

Retirement Plans (Tables)

Retirement Plans (Tables)	3 Months Ended
	Mar. 31, 2018
Pension Plans, Defined Benefit
Schedule of Components of Net Periodic Benefit Cost	The components of total Net Periodic Benefit Cost associated with the Company’s defined benefit retirement plans are as follows: Three months ended March 31, 2018 March 31, 2017 Service cost $ 6.4 $ 6.0 Interest cost 5.1 5.3 Expected return on plan assets (6.2 ) (5.3 ) Amortization prior service cost 0.1 0.1 Amortization of actuarial loss 0.9 2.0 Net Periodic Benefit Cost $ 6.3 $ 8.1

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2018
Noncontrolling Interest [Abstract]
Schedule of Equity	Three Months ended March 31, 2018 March 31, 2017 Equity attributable to Equity attributable to Controlling interest Non-controlling interest Total Controlling interest Non-controlling interest Total Balance at beginning of period $ 4,035.1 $ 134.3 $ 4,169.4 $ 3,677.2 $ 249.2 $ 3,926.4 Total Comprehensive Income: Net income (loss) 126.7 (4.3 ) 122.4 143.9 (1.8 ) 142.1 Foreign currency translation 85.8 5.8 91.6 82.6 5.8 88.4 Net change in cash flow hedges 0.4 — 0.4 (2.6 ) — (2.6 ) Defined benefit pension plan 0.6 — 0.6 1.2 — 1.2 Total Comprehensive Income (loss) 213.5 1.5 215.0 225.1 4.0 229.1 Common Stock incentives 8.6 — 8.6 4.4 — 4.4 Cash dividends declared (54.2 ) — (54.2 ) (53.0 ) — (53.0 ) Adjustment due to adoption of ASC 606 3.2 — 3.2 — — — Balance at end of period $ 4,206.2 $ 135.8 $ 4,342.0 $ 3,853.7 $ 253.2 $ 4,106.9

Earnings per share (Tables)

Earnings per share (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted EPS under Two-class Method	The computation of basic and diluted EPS under the two-class method were as follows: (In millions, except per share amounts) Three months ended March 31, 2018 March 31, 2017 Numerator: Basic and diluted: Net income attributable to controlling interest $ 126.7 $ 143.9 Participating share awards with dividend equivalent rights — — Net income available to common shareholders 126.7 143.9 Earnings allocated to participating share awards 1) — (0.1 ) Net income attributable to common shareholders $ 126.7 $ 143.8 Denominator: 1) Basic: Weighted average common stock 87.0 88.3 Add: Weighted average stock options/share awards 0.3 0.2 Diluted: 87.3 88.5 Basic EPS $ 1.46 $ 1.63 Diluted EPS $ 1.45 $ 1.62

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment Information Net Sales Including Intersegment Sales	Three months ended Net sales, including Intersegment Sales (Dollars in millions) March 31, 2018 March 31, 2017 Passive Safety $ 2,237.9 $ 2,040.2 Electronics 593.6 583.3 Total segment sales $ 2,831.5 $ 2,623.5 Corporate and other 4.0 1.4 Intersegment sales (22.7 ) (16.8 ) Total net sales $ 2,812.8 $ 2,608.1
Segment Information Income Before Income Taxes	Three months ended Income before Income Taxes (Dollars in millions) March 31, 2018 March 31, 2017 Passive Safety $ 225.3 $ 204.9 Electronics 30.2 13.6 Segment operating income $ 255.5 $ 218.5 Corporate and other (30.1 ) (0.9 ) Interest and other non-operating expenses, net (15.8 ) (23.7 ) (Loss) income from equity method investments (12.7 ) 0.5 Income before income taxes $ 196.9 $ 194.4
Segment Information Capital Expenditures	Three months ended Capital Expenditures (Dollars in millions) March 31, 2018 March 31, 2017 Passive Safety $ 109.4 $ 101.1 Electronics 30.9 27.3 Corporate and other 0.7 1.1 Total capital expenditures $ 141.0 $ 129.5
Segment Information Depreciation and Amortization	Three months ended Depreciation and Amortization (Dollars in millions) March 31, 2018 March 31, 2017 Passive Safety $ 82.6 $ 73.1 Electronics 26.3 38.8 Corporate and other 0.9 2.9 Total depreciation and amortization $ 109.8 $ 114.8
Segment Information Segment Assets	As of Segment Assets (Dollars in millions) March 31, 2018 December 31, 2017 Passive Safety $ 6,479.3 $ 6,114.2 Electronics 1,803.7 1,588.4 Segment assets $ 8,283.0 $ 7,702.6 Corporate and other 1) 595.1 847.3 Total assets $ 8,878.1 $ 8,549.9 1) Corporate and other assets mainly consist of cash and cash equivalents, income tax and deferred tax assets and equity method investments.

New Accounting Standards - Addi

New Accounting Standards - Additional Information (Detail) $ in Millions	Jan. 02, 2018USD ($)
ASU 2018-02
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Tax Cuts and Jobs Act, Reclassification from AOCI to Retained earnings, Tax effect	$ 10

Summary Adoption of New Account

Summary Adoption of New Accounting Standard Impact on Balance Sheet (Detail) - USD ($) $ in Millions	Mar. 31, 2018	Jan. 01, 2018	Dec. 31, 2017
Assets
Inventories, net	$ 865		$ 859.1
Other current assets	277		228.9
Equity
Retained earnings	4,165.2		4,079.2
ASU 2014-09
Assets
Inventories, net	865	$ 841.7	859.1
Other current assets	277	250.9	228.9
Equity
Retained earnings	4,165.2	4,082.4	$ 4,079.2
ASU 2014-09 | Balances without adoption of ASC 606
Assets
Inventories, net	885.4
Other current assets	251.3
Equity
Retained earnings	4,161.5
ASU 2014-09 | Effect of Changes
Assets
Inventories, net	(20.4)
Other current assets	25.7
Equity
Retained earnings	$ 3.7
ASU 2014-09 | Adjustments due to ASU 2014-09
Assets
Inventories, net		(17.4)
Other current assets		22
Equity
Retained earnings		$ 3.2

Summary Adoption of New Accou38

Summary Adoption of New Accounting Standard Impact on Income Statement (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Net sales	$ 2,812.8	$ 2,608.1
Cost of sales	(2,233.6)	(2,065.6)
Operating income	225.4	$ 217.6
ASU 2014-09
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Net sales	2,812.8
Cost of sales	(2,233.6)
Operating income	225.4
ASU 2014-09 | Balances without adoption of ASC 606
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Net sales	2,809.1
Cost of sales	(2,230.5)
Operating income	224.8
ASU 2014-09 | Effect of Changes
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Net sales	3.7
Cost of sales	(3.1)
Operating income	$ 0.6

Revenue - Additional Informatio

Revenue - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018USD ($)Segment
Revenue From Contract With Customer [Abstract]
Number of operating segments | Segment	2
Production parts average payment terms	30 days
Impairment losses recognized related to contract assets | $	$ 0

Revenue Disaggregated by Primar

Revenue Disaggregated by Primary Region and Products (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Disaggregation Of Revenue [Line Items]
Net sales		$ 2,812.8	$ 2,608.1
Airbag Products
Disaggregation Of Revenue [Line Items]
Net sales		1,443.1	1,354.3	[1]
Seatbelt Products
Disaggregation Of Revenue [Line Items]
Net sales	[1]	797.6	687.1
Restraint Control Systems
Disaggregation Of Revenue [Line Items]
Net sales		245.5	254.7
Active Safety
Disaggregation Of Revenue [Line Items]
Net sales	[1]	213	191.5
Brake Systems
Disaggregation Of Revenue [Line Items]
Net sales		113.6	120.5
Passive Safety
Disaggregation Of Revenue [Line Items]
Net sales	[2]	2,240.7	2,041.4
Passive Safety | Airbag Products
Disaggregation Of Revenue [Line Items]
Net sales	[2]	1,443.1	1,354.3	[1]
Passive Safety | Seatbelt Products
Disaggregation Of Revenue [Line Items]
Net sales	[1],[2]	797.6	687.1
Electronics
Disaggregation Of Revenue [Line Items]
Net sales	[2]	572.1	566.7
Electronics | Restraint Control Systems
Disaggregation Of Revenue [Line Items]
Net sales	[2]	245.5	254.7
Electronics | Active Safety
Disaggregation Of Revenue [Line Items]
Net sales	[1],[2]	213	191.5
Electronics | Brake Systems
Disaggregation Of Revenue [Line Items]
Net sales	[2]	113.6	120.5
Asia
Disaggregation Of Revenue [Line Items]
Net sales		1,004.1	916
Asia | Passive Safety
Disaggregation Of Revenue [Line Items]
Net sales		793	708.8
Asia | Electronics
Disaggregation Of Revenue [Line Items]
Net sales		211.1	207.2
China
Disaggregation Of Revenue [Line Items]
Net sales		467.8	423.4
China | Passive Safety
Disaggregation Of Revenue [Line Items]
Net sales		366.7	322.9
China | Electronics
Disaggregation Of Revenue [Line Items]
Net sales		101.1	100.5
Japan
Disaggregation Of Revenue [Line Items]
Net sales		284.4	261.6
Japan | Passive Safety
Disaggregation Of Revenue [Line Items]
Net sales		214.8	200
Japan | Electronics
Disaggregation Of Revenue [Line Items]
Net sales		69.6	61.6
Rest of Asia
Disaggregation Of Revenue [Line Items]
Net sales		251.9	231
Rest of Asia | Passive Safety
Disaggregation Of Revenue [Line Items]
Net sales		211.5	185.9
Rest of Asia | Electronics
Disaggregation Of Revenue [Line Items]
Net sales		40.4	45.1
Americas
Disaggregation Of Revenue [Line Items]
Net sales		860.8	863.6
Americas | Passive Safety
Disaggregation Of Revenue [Line Items]
Net sales		668.1	648.1
Americas | Electronics
Disaggregation Of Revenue [Line Items]
Net sales		192.7	215.5
Europe
Disaggregation Of Revenue [Line Items]
Net sales		947.9	828.5
Europe | Passive Safety
Disaggregation Of Revenue [Line Items]
Net sales		779.6	684.5
Europe | Electronics
Disaggregation Of Revenue [Line Items]
Net sales		$ 168.3	$ 144
[1]	Including corporate and other sales.
[2]	Excluding intersegment sales.

Summary of Information about Co

Summary of Information about Contract Balance with Customers (Detail) - USD ($) $ in Millions		Mar. 31, 2018	Dec. 31, 2017
Contract With Customer Asset And Liability [Abstract]
Receivables, net		$ 2,406	$ 2,157.2
Contract assets	[1]	25.7
Contract liabilities	[2]	$ 33.6	$ 33
[1]	Included in other current assets.
[2]	Included in other current and other non-current liabilities.

Summary of Information about Re

Summary of Information about Receivables, Net of Allowance (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Contract With Customer Asset And Liability [Abstract]
Receivables	$ 2,413.6	$ 2,165.7
Allowance at beginning of period	(8.5)	(7.8)
Net decrease/(increase) of allowance	1	0
Translation difference	(0.1)	(0.7)
Allowance at end of period	(7.6)	(8.5)
Receivables, net of allowance	$ 2,406	$ 2,157.2

Summary of Changes in Contract

Summary of Changes in Contract Assets and Contract Liabilities (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Contract assets
Increases/(decreases) due to cumulative catch up adjustment	$ 22
Increases/(decreases) due to revenue recognized	25.7
Increases/(decreases) due to transfer to receivables	(22)
Translation difference	0
Ending balance	25.7	[1]
Contract liabilities
Beginning balance	33	[2]
Increases/(decreases) due to revenue recognized	(0.4)
Translation difference	1
Ending balance	$ 33.6	[2]
[1]	Included in other current assets.
[2]	Included in other current and other non-current liabilities.

Business Combinations - Additio

Business Combinations - Additional Information (Detail) $ in Millions	Nov. 01, 2017USD ($)Engineering_Expert	Mar. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Business Acquisition [Line Items]
Goodwill		$ 1,691.5	$ 1,688.8
Fotonic i Norden dp AB
Business Acquisition [Line Items]
Business combination, consideration transferred	$ 16.9
Consideration transferred in cash	14.5
Deferred purchase consideration	$ 2.4	$ 2.4
Deferred purchase consideration period	18 months
Number of Lidar and time of flight engineering experts acquired | Engineering_Expert	35
Net assets acquired	$ 16.9
Business combination, intangible assets	3.8
Goodwill	13.4
Business combination, other current liabilities	$ 0.3
Fotonic i Norden dp AB | IP
Business Acquisition [Line Items]
Intangible assets remaining useful life	5 years
Intangible assets, amortization method		straight-line basis

Fair Value Measurement - Additi

Fair Value Measurement - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)Contract	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value of earn-out liability		$ 14	$ 14
Other operating income from earn out liability adjustment	$ 14	13
Derivatives Designated as Hedging Instruments
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Gains and losses reclassified from OCI and recognized in Consolidated Statements of Income, net	(0.5)	1.5
Gains or losses expected to be reclassified from OCI and recognized in consolidated statements of income within the next twelve months	0.4
Not Designated as Hedging Instrument
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Gains and losses recognized in other non-operating items, net	$ (1.5)	(1.4)
Foreign Exchange Swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Number of Foreign Currency Derivatives Held | Contract	0
Foreign Exchange Swaps | Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Maturity Period of Swap Contracts	6 months
Foreign Exchange Forward | Derivatives Designated as Hedging Instruments | Cash Flow Hedging
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Gain (loss) recognized in consolidated statements of income	$ 0	$ 1

Derivative Financial Assets and

Derivative Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($)		Mar. 31, 2018		Dec. 31, 2017
Derivatives Designated as Hedging Instruments
Derivatives, Fair Value [Line Items]
Nominal volume	[1]			$ 66,600,000
Derivative asset	[1]			400,000
Derivative liability	[1]			1,300,000
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Nominal volume		$ 671,700,000		468,200,000
Derivative asset		4,400,000		2,400,000
Derivative liability		3,500,000		300,000
Less Than One Year | Derivatives Designated as Hedging Instruments | Foreign Exchange Forward | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Nominal volume	[1]			66,600,000
Less Than One Year | Derivatives Designated as Hedging Instruments | Foreign Exchange Forward | Cash Flow Hedging | Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset	[1]			400,000
Less Than One Year | Derivatives Designated as Hedging Instruments | Foreign Exchange Forward | Cash Flow Hedging | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability	[1]			1,300,000
Less Than Six Months | Not Designated as Hedging Instrument | Foreign Exchange Swaps
Derivatives, Fair Value [Line Items]
Nominal volume		671,700,000	[2]	468,200,000	[3]
Less Than Six Months | Not Designated as Hedging Instrument | Foreign Exchange Swaps | Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset		4,400,000	[4]	2,400,000	[5]
Less Than Six Months | Not Designated as Hedging Instrument | Foreign Exchange Swaps | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability		$ 3,500,000	[6]	$ 300,000	[7]
[1]	There is no netting since there are no offsetting contracts.
[2]	Net nominal amount after deducting for offsetting swaps under ISDA agreements is $655.4 million.
[3]	Net nominal amount after deducting for offsetting swaps under ISDA agreements is $468.2 million.
[4]	Net amount after deducting for offsetting swaps under ISDA agreements is $4.3 million.
[5]	Net amount after deducting for offsetting swaps under ISDA agreements is $2.4 million.
[6]	Net amount after deducting for offsetting swaps under ISDA agreements is $3.4 million.
[7]	Net amount after deducting for offsetting swaps under ISDA agreements is $0.3 million.

Derivative Financial Assets a47

Derivative Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Parenthetical) (Detail) - Not Designated as Hedging Instrument - Foreign Exchange Swaps - Fair Value, Measurements, Recurring - Less Than Six Months - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Derivatives, Fair Value [Line Items]
Derivative notional volume, amount after offsetting swaps	$ 655.4	$ 468.2
Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset, amount after offsetting swaps	4.3	2.4
Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, amount after offsetting swaps	$ 3.4	$ 0.3

Fair Value of Debt (Detail)

Fair Value of Debt (Detail) - USD ($) $ in Millions		Mar. 31, 2018	Dec. 31, 2017
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	[1]	$ 1,325.2	$ 1,321.7
Short-term debt	[1]	84	19.7
Long-term debt, fair value		1,380.2	1,391.1
Short-term debt, fair value		84	19.7
U.S. Private Placement - Long-Term Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	[1]	1,310.1	1,310.5
Long-term debt, fair value		1,365.1	1,379.9
Other Long-Term Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	[1]	15.1	11.2
Long-term debt, fair value		15.1	11.2
Overdrafts and Other Short-Term Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt	[1]	58.7	19.5
Short-term debt, fair value		58.7	19.5
Short-Term Portion of Long-Term Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt	[1]	25.3	0.2
Short-term debt, fair value		$ 25.3	$ 0.2
[1]	Debt as reported in balance sheet.

Long-lived Assets Measured at F

Long-lived Assets Measured at Fair Value (Level 3) on a Nonrecurring Basis (Detail) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2017	Mar. 31, 2018
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Goodwill, Impairment losses	[1]	$ (234.2)
Intangible assets, net, Impairment losses	[2]	(12)
Fair Value Measurements Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Goodwill, Fair value measurement	[1]	1,688.8	$ 1,691.5
Intangible assets, net, Fair value measurement	[2]	$ 164.8	$ 161.8
[1]	In the fourth quarter of 2017, the Company recognized an impairment charge of the full goodwill related to ANBS, resulting in an impairment loss of $234.2 million, which was included in earnings for the period. The primary driver of the goodwill impairment was due to the lower expected long-term operating cash flow performance of the business unit as of the measurement date. The remaining goodwill balance as of March 31, 2018 and December 31, 2017 was not measured at fair value on a nonrecurring basis as impairment indicators did not exist.
[2]	In the first quarter of 2017, the Company recognized an impairment charge to amortization of intangibles of $12 million related to a contract with an OEM customer of M/A-COM products, which was included in earnings for the period. At December 31, 2017 the intangible value related to this customer contract was fully amortized. The remaining intangibles balance as of March 31, 2018 and December 31, 2017 was not measured at fair value on a nonrecurring basis as impairment indicators did not exist.

Long-lived Assets Measured at50

Long-lived Assets Measured at Fair Value (Level 3) on a Nonrecurring Basis (Parenthetical) (Detail) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Millions		3 Months Ended		12 Months Ended
		Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2017
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Goodwill impairment loss	[1]			$ 234.2
Impairment charge to amortization of intangibles of contract with OEM customer	[2]			$ 12
Autoliv Nissin Brake Systems
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Goodwill impairment loss		$ 234.2
M/A-COM Auto Solutions Business | Customer Contract
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Impairment charge to amortization of intangibles of contract with OEM customer			$ 12
[1]	In the fourth quarter of 2017, the Company recognized an impairment charge of the full goodwill related to ANBS, resulting in an impairment loss of $234.2 million, which was included in earnings for the period. The primary driver of the goodwill impairment was due to the lower expected long-term operating cash flow performance of the business unit as of the measurement date. The remaining goodwill balance as of March 31, 2018 and December 31, 2017 was not measured at fair value on a nonrecurring basis as impairment indicators did not exist.
[2]	In the first quarter of 2017, the Company recognized an impairment charge to amortization of intangibles of $12 million related to a contract with an OEM customer of M/A-COM products, which was included in earnings for the period. At December 31, 2017 the intangible value related to this customer contract was fully amortized. The remaining intangibles balance as of March 31, 2018 and December 31, 2017 was not measured at fair value on a nonrecurring basis as impairment indicators did not exist.

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Income Taxes [Line Items]
Effective income tax rate	37.80%	26.90%
Increase/(decrease) in effective tax rate due to impact of discrete tax items	3.80%	0.30%
Tax benefit	$ 74.5	$ 52.3
Income tax expense at federal statutory rate	21.00%		35.00%
Net increase to income tax reserves for unrecognized tax benefits based on tax positions related to current and prior years	$ 2
Decrease of income tax reserves for unrecogonized tax benefits	1.9
Unrecognized tax benefits reserve that would impact effective tax rate if released into income	34.7
Current Tax Payable Part of Other Current Liabilities
Income Taxes [Line Items]
Unrecognized tax benefits reserve that would impact effective tax rate if released into income	7.4
Non-Current Tax Payable Part of Other Non-current Liabilities
Income Taxes [Line Items]
Unrecognized tax benefits reserve that would impact effective tax rate if released into income	27.3
GILTI and BEAT
Income Taxes [Line Items]
Tax benefit	$ 0

Components of Inventories (Deta

Components of Inventories (Detail) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Raw materials	$ 445.6	$ 423
Work in progress	293.3	285.2
Finished products	232.8	258
Inventories	971.7	966.2
Inventory valuation reserve	(106.7)	(107.1)
Total inventories, net of reserve	$ 865	$ 859.1

Equity Method Investments - Add

Equity Method Investments - Additional Information (Detail) kr in Millions, $ in Millions	Apr. 18, 2017SEK (kr)	Mar. 31, 2018USD ($)	Mar. 31, 2018SEK (kr)	Mar. 31, 2017USD ($)	Apr. 18, 2017USD ($)
Schedule Of Equity Method Investments [Line Items]
(Loss) income from equity method investments		$ (12.7)		$ 0.5
Zenuity
Schedule Of Equity Method Investments [Line Items]
Cash contribution to joint venture	kr 1,000	$ 71	kr 600
Ownership percentage in joint venture		50.00%			50.00%
Equity value of joint venture					$ 250
Share in equity value of joint venture					$ 125
(Loss) income from equity method investments		$ (14)
Equity investments		$ 159
Zenuity | Volvo Cars
Schedule Of Equity Method Investments [Line Items]
Ownership percentage in joint venture					50.00%

Schedule of Goodwill (Detail)

Schedule of Goodwill (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Goodwill [Line Items]
Carrying amount at beginning of year	$ 1,688.8
Effect of currency translation	2.7
Carrying amount at end of year	1,691.5
Passive Safety
Goodwill [Line Items]
Carrying amount at beginning of year	1,397.1
Effect of currency translation	2.9
Carrying amount at end of year	1,400
Electronics
Goodwill [Line Items]
Carrying amount at beginning of year	291.7
Effect of currency translation	(0.2)
Carrying amount at end of year	$ 291.5

Restructuring - Additional Info

Restructuring - Additional Information (Detail) - USD ($)	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Restructuring Cost and Reserve [Line Items]
Total restructuring reserve balance	$ 41,100,000	$ 41,700,000	$ 30,800,000	$ 37,500,000
Western Europe Restructuring Activities
Restructuring Cost and Reserve [Line Items]
Aggregate cost for restructuring initiatives	101,000,000
Remaining restructuring liability	36,700,000
Maximum
Restructuring Cost and Reserve [Line Items]
Aggregate cost for restructuring initiatives	28,000,000
Minimum
Restructuring Cost and Reserve [Line Items]
Aggregate cost for restructuring initiatives	$ 10,000,000

Schedule of Changes in Balance

Schedule of Changes in Balance Sheet Position of Restructuring Reserves (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Restructuring Cost and Reserve [Line Items]
Reserve at beginning of the period	$ 41.7	$ 37.5
Provision/charge	3.3	2.5
Provision/reversal		(0.5)
Cash payments	(4.9)	(9.3)
Translation difference	1	0.6
Reserve at end of the period	41.1	30.8
Restructuring employee-related
Restructuring Cost and Reserve [Line Items]
Reserve at beginning of the period	41.4	37.1
Provision/charge	3.3	2.3
Provision/reversal		(0.1)
Cash payments	(4.9)	(9.3)
Translation difference	1	0.6
Reserve at end of the period	40.8	30.6
Restructuring Other
Restructuring Cost and Reserve [Line Items]
Reserve at beginning of the period	0.3	0.4
Provision/charge		0.2
Provision/reversal		(0.4)
Reserve at end of the period	$ 0.3	$ 0.2

Summary of Change in Balance Sh

Summary of Change in Balance Sheet Position of Product-Related Liabilities (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Product Warranties Disclosures [Abstract]
Reserve at beginning of the period	$ 117.7	$ 120.1
Change in reserve	5.4	7.1
Cash payments	(20.4)	(10.5)
Translation difference	0.8	1
Reserve at end of the period	$ 103.5	$ 117.7

Components of Net Periodic Bene

Components of Net Periodic Benefit Cost (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Compensation And Retirement Disclosure [Abstract]
Service cost	$ 6.4	$ 6
Interest cost	5.1	5.3
Expected return on plan assets	(6.2)	(5.3)
Amortization prior service cost	0.1	0.1
Amortization of actuarial loss	0.9	2
Net Periodic Benefit Cost	$ 6.3	$ 8.1

Schedule of Equity (Detail)

Schedule of Equity (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Noncontrolling Interest [Line Items]
Balance at beginning of period	$ 4,169.4	$ 3,926.4
Total Comprehensive Income:
Net income (loss)	122.4	142.1
Foreign currency translation	91.6	88.4
Net change in cash flow hedges	0.4	(2.6)
Defined benefit pension plan	0.6	1.2
Comprehensive income (loss)	215	229.1
Common Stock incentives	8.6	4.4
Cash dividends declared	(54.2)	(53)
Adjustment due to adoption of ASC 606	3.2
Balance at end of period	4,342	4,106.9
Controlling
Noncontrolling Interest [Line Items]
Balance at beginning of period	4,035.1	3,677.2
Total Comprehensive Income:
Net income (loss)	126.7	143.9
Foreign currency translation	85.8	82.6
Net change in cash flow hedges	0.4	(2.6)
Defined benefit pension plan	0.6	1.2
Comprehensive income (loss)	213.5	225.1
Common Stock incentives	8.6	4.4
Cash dividends declared	(54.2)	(53)
Adjustment due to adoption of ASC 606	3.2
Balance at end of period	4,206.2	3,853.7
Noncontrolling Interest
Noncontrolling Interest [Line Items]
Balance at beginning of period	134.3	249.2
Total Comprehensive Income:
Net income (loss)	(4.3)	(1.8)
Foreign currency translation	5.8	5.8
Comprehensive income (loss)	1.5	4
Balance at end of period	$ 135.8	$ 253.2

Equity- Additional Information

Equity- Additional Information (Detail) - shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Noncontrolling Interest [Abstract]
Common shares repurchased	0	0
Additional common shares authorized to repurchase	2,986,288

Contingent Liabilities - Additi

Contingent Liabilities - Additional Information (Detail) € in Millions, Vehicle in Millions, R$ in Millions

Nov. 22, 2017USD ($)

Nov. 22, 2017EUR (€)

Jun. 29, 2016VehicleClaim

Jun. 09, 2011Facility

Sep. 30, 2017USD ($)

Sep. 30, 2017BRL (R$)

Apr. 30, 2016Purchaser

Mar. 31, 2015USD ($)

Oct. 31, 2014USD ($)

Oct. 31, 2014BRL (R$)

Mar. 31, 2018USD ($)Defendant

Dec. 31, 2017USD ($)

Dec. 31, 2017EUR (€)

Dec. 31, 2016USD ($)

Dec. 31, 2014USD ($)

Loss Contingencies [Line Items]

Number of defendants in antitrust class actions | Defendant

19

Litigation with European Commission

Loss Contingencies [Line Items]

Number of facilities visited | Facility

2

Loss contingency, accrual

$ 9,700,000

€ 8.1

$ 9,900,000

€ 8.3

Litigation with Competition Commission Of South Africa

Loss Contingencies [Line Items]

Loss contingency, accrual

$ 5,000,000

$ 6,000,000

Settlement agreement, date

September 2,017

Settlement agreements amount

$ 11,000,000

R$ 150

Litigation with General Superintendence of Administrative Council for Economic Defense in Brazil

Loss Contingencies [Line Items]

Settlement agreement, date

November 2,016

Brazilian Subsidiaries

Loss Contingencies [Line Items]

Aggregate assessment for all alleged violations

$ 24,000,000

R$ 81

Brazilian Subsidiaries | Maximum

Loss Contingencies [Line Items]

Reduce in penalties associated with eligible tax matters, percentage

85.00%

United States District Court for Eastern District of Michigan

Loss Contingencies [Line Items]

Settlement agreements amount

$ 81,000,000

Number of pending antitrust class actions | Defendant

15

Expense related settlement agreements

$ 77,000,000

$ 65,000,000

United States District Court for Eastern District of Michigan | End-payor settlement class

Loss Contingencies [Line Items]

Number of purchaser opt for end-payor class settlements | Purchaser

1

United States District Court for Eastern District of Michigan | Direct purchaser settlement class

Loss Contingencies [Line Items]

Expense related settlement agreements

$ 60,500,000

Number of purchaser opt for direct purchaser class settlement | Purchaser

2

Ontario and Quebec Superior Court

Loss Contingencies [Line Items]

Number of pending antitrust class actions | Defendant

4

Damages from Product Defects

Loss Contingencies [Line Items]

Number of vehicles recalled | Vehicle

1.4

Number of confirmed incidents | Claim

8

Damages from Product Defects | Maximum

Loss Contingencies [Line Items]

Range of possible loss

$ 20,000,000

Stock Incentive Plan - Addition

Stock Incentive Plan - Additional Information (Detail) $ in Millions	Feb. 13, 2018USD ($)	May 09, 2017USD ($)	Feb. 19, 2017USD ($)	May 09, 2016	Feb. 15, 2016	Mar. 31, 2018USD ($)Grant	Mar. 31, 2017USD ($)	Sep. 30, 2017	May 31, 2017	Feb. 28, 2017	Feb. 29, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value fully vested						$ 8.6	$ 4.4
LTI Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period				3 years	3 years
Number of grants expected that achieves the performance conditions | Grant						2
LTI Program | Non-employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value fully vested		$ 1.2
LTI Program | Annual Base Retainer | Non-employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of grants fully-vested shares of common stock								50.00%
LTI Program | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target number of performance shares to be earned				0.00%	0.00%
LTI Program | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target number of performance shares to be earned				200.00%	200.00%
LTI Program | Weighted Average
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target number of performance shares to be earned				50.00%	50.00%
LTI Program | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value	$ 16.6		$ 7.9
Percentage of awards granted										50.00%	50.00%
LTI Program | Restricted Stock Units (RSUs) | Non-employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value		$ 1
Percentage of awards granted									50.00%
LTI Program | Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value			$ 7.9
Percentage of awards granted										50.00%	50.00%

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Earnings Per Share [Abstract]
Potentially dilutive shares	0	200,000
Shares from treasury stock utilized by the Stock Incentive Plan	118,000	95,000

Schedule of Computation of Basi

Schedule of Computation of Basic and Diluted EPS under Two-class Method (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Basic and diluted:
Net income attributable to controlling interest		$ 126.7	$ 143.9
Net income available to common shareholders		126.7	143.9
Earnings allocated to participating share awards	[1]		(0.1)
Net income attributable to common shareholders		$ 126.7	$ 143.8
Denominator:
Basic: Weighted average common stock	[1]	87	88.3
Add: Weighted average stock options/share awards	[1]	0.3	0.2
Diluted:	[1]	87.3	88.5
Basic EPS	[2]	$ 1.46	$ 1.63
Diluted EPS	[2]	$ 1.45	$ 1.62
[1]	The Company’s unvested RSUs and PSs, of which some include the right to receive non-forfeitable dividend equivalents, are considered participating securities. Calculations of EPS under the two-class method exclude from the numerator any dividends paid or owed on participating securities and any undistributed earnings considered to be attributable to participating securities. The related participating securities are similarly excluded from the denominator.
[2]	Participating share awards with the right to receive dividend equivalents are (under the two class method) excluded from the earnings per share calculation (see Note 16 to the unaudited condensed consolidated financial statements).

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018Segment
Segment Reporting [Abstract]
Number of segments	2

Segment Information Net Sales I

Segment Information Net Sales Including Intersegment Sales (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2018	Mar. 31, 2017
Segment Reporting, Revenue Reconciling Item [Line Items]
Net sales		$ 2,812.8	$ 2,608.1
Passive Safety
Segment Reporting, Revenue Reconciling Item [Line Items]
Net sales	[1]	2,240.7	2,041.4
Electronics
Segment Reporting, Revenue Reconciling Item [Line Items]
Net sales	[1]	572.1	566.7
Operating Segments
Segment Reporting, Revenue Reconciling Item [Line Items]
Net sales		2,831.5	2,623.5
Operating Segments | Passive Safety
Segment Reporting, Revenue Reconciling Item [Line Items]
Net sales		2,237.9	2,040.2
Operating Segments | Electronics
Segment Reporting, Revenue Reconciling Item [Line Items]
Net sales		593.6	583.3
Corporate and other
Segment Reporting, Revenue Reconciling Item [Line Items]
Net sales		4	1.4
Intersegment Eliminations
Segment Reporting, Revenue Reconciling Item [Line Items]
Net sales		$ (22.7)	$ (16.8)
[1]	Excluding intersegment sales.

Segment Information Income Befo

Segment Information Income Before Income Taxes (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment operating income	$ 225.4	$ 217.6
Interest and other non-operating expenses, net	(15.8)	(23.7)
(Loss) income from equity method investments	(12.7)	0.5
Income before income taxes	196.9	194.4
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment operating income	255.5	218.5
Operating Segments | Passive Safety
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment operating income	225.3	204.9
Operating Segments | Electronics
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment operating income	30.2	13.6
Corporate and other
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Segment operating income	$ (30.1)	$ (0.9)

Segment Information Capital Exp

Segment Information Capital Expenditures (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	$ 141	$ 129.5
Passive Safety
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	109.4	101.1
Electronics
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	30.9	27.3
Corporate and other
Segment Reporting, Other Significant Reconciling Item [Line Items]
Capital expenditures	$ 0.7	$ 1.1

Segment Information Depreciatio

Segment Information Depreciation and Amortization (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Reconciliation of Depreciation and Amortization by Segment [Line Items]
Depreciation and amortization	$ 109.8	$ 114.8
Passive Safety
Reconciliation of Depreciation and Amortization by Segment [Line Items]
Depreciation and amortization	82.6	73.1
Electronics
Reconciliation of Depreciation and Amortization by Segment [Line Items]
Depreciation and amortization	26.3	38.8
Corporate and other
Reconciliation of Depreciation and Amortization by Segment [Line Items]
Depreciation and amortization	$ 0.9	$ 2.9

Segment Information Segment Ass

Segment Information Segment Assets (Detail) - USD ($) $ in Millions		Mar. 31, 2018	Dec. 31, 2017
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		$ 8,878.1	$ 8,549.9
Operating Segments
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		8,283	7,702.6
Operating Segments | Passive Safety
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		6,479.3	6,114.2
Operating Segments | Electronics
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets		1,803.7	1,588.4
Corporate and other
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	[1]	$ 595.1	$ 847.3
[1]	Corporate and other assets mainly consist of cash and cash equivalents, income tax and deferred tax assets and equity method investments.