Autoliv (ALV) 10-Q 24 Apr 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	Apr. 20, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Trading Symbol	ALV
Security Exchange Name	NYSE
Entity Registrant Name	AUTOLIV, INC.
Entity Central Index Key	0001034670
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock (par value $1.00 per share)
Entity Common Stock, Shares Outstanding		87,315,660
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity File Number	001-12933
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	51-0378542
Entity Address, Address Line One	Klarabergsviadukten 70, Section B7
Entity Address, Address Line Two	Box 70381
Entity Address, City or Town	Stockholm
Entity Address, Country	SE
Entity Address, Postal Zip Code	SE-107 24
City Area Code	+46 8
Local Phone Number	587 20 600
Document Quarterly Report	true
Document Transition Report	false

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Income Statement [Abstract]
Net sales		$ 1,845.8	$ 2,174
Type of Revenue [Extensible List]		us-gaap:ProductMember	us-gaap:ProductMember
Cost of sales		$ (1,514.8)	$ (1,795.2)
Type of Cost, Good or Service [Extensible List]		us-gaap:ProductMember	us-gaap:ProductMember
Gross profit		$ 331	$ 378.8
Selling, general and administrative expenses		(93.5)	(101.4)
Research, development and engineering expenses, net		(102.6)	(107.4)
Amortization of intangibles		(2.7)	(2.8)
Other income (expense), net		2.1	6
Operating income		134.3	173.2
Income from equity method investment		0.3	1
Interest income		1.1	1
Interest expense		(16.3)	(18)
Other non-operating items, net		(8.1)	(3.6)
Income before income taxes		111.3	153.6
Income tax expense		(36.4)	(42.1)
Net income		74.9	111.5
Less: Net income attributable to non-controlling interest		0.1	0.1
Net income attributable to controlling interest		$ 74.8	$ 111.4
Earnings per share – basic	[1]	$ 0.86	$ 1.28
Earnings per share – diluted	[1]	$ 0.86	$ 1.27
Weighted average number of shares outstanding, net of treasury shares (in millions)	[2]	87.3	87.2
Weighted average number of shares outstanding, assuming dilution and net of treasury shares (in millions)	[2]	87.4	87.4
Cash dividend per share – declared	[3]	$ 0.62	$ 0.62
Cash dividend per share – paid		$ 0.62	$ 0.62
[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 11 to the unaudited condensed consolidated financial statements).
[2]	The Company’s unvested RSUs and PSs, of which some included 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
[3]	On April 2, 2020, the Company announced it canceled its declared dividend for the second quarter of 2020 (see Note 14 to the unaudited condensed consolidated financial statements).

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 74.9	$ 111.5
Other comprehensive (loss) income before tax:
Change in cumulative translation adjustments	(101.8)	20.8
Net change in unrealized components of defined benefit plans	0.9	0.1
Other comprehensive (loss) income, before tax	(100.9)	20.9
Tax effect allocated to other comprehensive loss	(0.3)	0
Other comprehensive (loss) income, net of tax	(101.2)	20.9
Comprehensive (loss) income	(26.3)	132.4
Less: Comprehensive (loss) income attributable to non-controlling interest	(0.1)	0.4
Comprehensive (loss) income attributable to controlling interest	$ (26.2)	$ 132

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions		Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents		$ 907.2	$ 444.7
Receivables, net		1,428.1	1,626.7
Inventories, net		771.6	740.9
Other current assets		200.1	189.8
Total current assets		3,307	3,002.1
Property, plant and equipment, net		1,749.5	1,815.7
Investments and other non-current assets		367.1	386.4
Operating lease right-of-use assets		148.5	156.8
Goodwill		1,382.4	1,387.9
Intangible assets, net		19.4	22.3
Total assets		6,973.9	6,771.2
Liabilities and equity
Short-term debt	[1]	318.8	368.1
Accounts payable		862.5	950.6
Accrued expenses		807.2	824.7
Operating lease liabilities - current		35.9	37.8
Other current liabilities		201.8	229
Total current liabilities		2,226.2	2,410.2
Long-term debt	[1]	2,209.4	1,726.1
Pension liability		231.8	240.2
Operating lease liabilities - non-current		113.4	119.4
Other non-current liabilities		149	152.9
Total non-current liabilities		2,703.6	2,238.6
Common stock		102.8	102.8
Additional paid-in capital		1,329.3	1,329.3
Retained earnings		2,304.7	2,283.5
Accumulated other comprehensive loss		(549.9)	(448.9)
Treasury stock		(1,155.9)	(1,157.5)
Total controlling interest's equity		2,031	2,109.2
Non-controlling interest		13.1	13.2
Total equity		2,044.1	2,122.4
Total liabilities and equity		$ 6,973.9	$ 6,771.2
[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, 2020	Mar. 31, 2019
Operating activities
Net income	$ 74.9	$ 111.5
Adjustments (non-cash items) to reconcile net income to cash provided by operating activities:
Depreciation and amortization	88.8	90.1
EC antitrust, change in legal provision		(6.8)
Net change in:
Net change in operating assets and liabilities	(18.9)	(37.1)
Other, net	11	(4)
Net cash provided by operating activities	155.8	153.7
Investing activities
Expenditures for property, plant and equipment	(89.1)	(108.4)
Proceeds from sale of property, plant and equipment	0.9	0.4
Net cash used in investing activities	(88.2)	(108)
Financing activities
Net decrease in short-term debt	(26.9)	(173.1)
Increase of long-term debt	500
Dividends paid	(54.1)	(54.3)
Common stock options exercised	0.2	0.1
Net cash provided by (used in) financing activities	419.2	(227.3)
Effect of exchange rate changes on cash and cash equivalents	(24.3)	2.4
Increase (decrease) in cash and cash equivalents	462.5	(179.2)
Cash and cash equivalents at beginning of period	444.7	615.8
Cash and cash equivalents at end of period	$ 907.2	$ 436.6

CONSOLIDATED STATEMENTS OF TOTA

CONSOLIDATED STATEMENTS OF TOTAL EQUITY (UNAUDITED) - USD ($) $ in Millions		Total	Common stock	Additional paid-in capital	Retained earnings	Accumulated other comprehensive loss	Treasury stock	Total controlling interest's equity	Non-controlling interest
Balance at Dec. 31, 2018		$ 1,896.8	$ 102.8	$ 1,329.3	$ 2,041.8	$ (423.2)	$ (1,167)	$ 1,883.7	$ 13.1
Comprehensive Income:
Net income		111.5			111.4			111.4	0.1
Foreign currency translation adjustment		20.8				20.5		20.5	0.3
Pension liability		0.1				0.1		0.1
Comprehensive (loss) income		132.4			111.4	20.6		132	0.4
Stock-based compensation		1.6					1.6	1.6
Cash dividends declared		(54.3)			(54.3)			(54.3)
Distribution of Veoneer		(2.5)			(2.5)			(2.5)
Balance at Mar. 31, 2019		1,974	102.8	1,329.3	2,096.4	(402.6)	(1,165.4)	1,960.5	13.5
Balance at Dec. 31, 2019		2,122.4	102.8	1,329.3	2,283.5	(448.9)	(1,157.5)	2,109.2	13.2
Comprehensive Income:
Net income		74.9			74.8			74.8	0.1
Foreign currency translation adjustment		(101.8)				(101.6)		(101.6)	(0.2)
Pension liability		0.6				0.6		0.6
Comprehensive (loss) income		(26.3)			74.8	(101)		(26.2)	(0.1)
Stock-based compensation		1.6					1.6	1.6
Cash dividends declared	[1]	(53.6)			(53.6)			(53.6)
Balance at Mar. 31, 2020		$ 2,044.1	$ 102.8	$ 1,329.3	$ 2,304.7	$ (549.9)	$ (1,155.9)	$ 2,031	$ 13.1
[1]	On April 2, 2020, the Company announced it canceled its declared dividend for the second quarter of 2020 (see Note 14 to the unaudited condensed consolidated financial statements).

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2020
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. 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 results for the interim period are not necessarily indicative of the results to be expected for any future period or for the fiscal year ending December 31, 2020. The Condensed Consolidated Balance Sheet at December 31, 2019 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. The Company has one reportable segment, formerly its Passive Safety segment, which includes Autoliv’s airbag and seatbelt products and components. The operating results of the operating segment are regularly reviewed by the Company’s chief operating decision maker to assess the performance of the individual operating segment and make decisions about resources to be allocated to the operating segment. 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, 2019, filed with the SEC on February 21, 2020.

New Accounting Standards

New Accounting Standards	3 Months Ended
	Mar. 31, 2020
Accounting Changes And Error Corrections [Abstract]
New Accounting Standards	2. NEW ACCOUNTING STANDARDS Adoption of New Accounting Standards In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments, The adoption of ASU 2016-13 did not have a material impact on the consolidated financial statements. In August 2018, the FASB issued ASU 2018-15, Intangibles-Goodwill and Other-Internal Use Software (Subtopic 350-40), Customer’s accounting for implementation costs incurred in a cloud computing arrangement that is a service contract Accounting Standards Issued But Not Yet Adopted The Company considers the applicability and impact of all ASUs. ASUs not listed below were assessed and determined to be either not applicable or are expected to have an immaterial impact on our consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	3. 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, short-term debt and other current financial assets and liabilities approximate their fair value because of the short-term maturity of these 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 rates 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. All derivatives are recognized in the consolidated financial statements at fair value. For certain 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 rates and foreign exchange rates. 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 several 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. All the Company’s derivatives are classified as Level 2 financial instruments in the fair value hierarchy. 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. The tables below present information about the Company’s derivative financial assets and liabilities measured at fair value on a recurring basis (dollars in millions). 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 Sheets at March 31, 2020 and December 31, 2019 have been presented on a gross basis. 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. The amounts subject to netting agreements that the Company chose not to offset are presented below. Derivatives designated as hedging instruments There were no derivatives designated as hedging instruments as of March 31, 2020 and December 31, 2019 related to the operations. 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, 2020 and December 31, 2019 were foreign exchange swaps. For the three months period ended March 31, 2020 and March 31, 2019, the gains and losses recognized in other non-operating items, net were a loss of $8.5 million and a loss of $3.2 million, respectively, for derivative instruments not designated as hedging instruments. For the three months period ended March 31, 2020 and March 31, 2019, the gains and losses recognized as interest expense were immaterial. March 31, 2020 Fair Value Measurements Description Nominal volume Derivative asset (Other current assets) Derivative liability (Other current liabilities) Derivatives not designated as hedging instruments Foreign exchange swaps, less than 6 months $ 661.0 1) $ 3.3 2) $ 7.7 3) Total derivatives not designated as hedging instruments $ 661.0 $ 3.3 $ 7.7 1) Net nominal amount after deducting for offsetting swaps under ISDA agreements is $661.0 million. 2) Net amount after deducting for offsetting swaps under ISDA agreements is $3.3 million. 3) Net amount after deducting for offsetting swaps under ISDA agreements is $7.7 million. December 31, 2019 Fair Value Measurements Description Nominal volume Derivative asset (Other current assets) Derivative liability (Other current liabilities) Derivatives not designated as hedging instruments Foreign exchange swaps, less than 6 months $ 934.2 1) $ 6.0 2) $ 1.8 3) Total derivatives not designated as hedging instruments $ 934.2 $ 6.0 $ 1.8 1) Net nominal amount after deducting for offsetting swaps under ISDA agreements is $860.6 million. 2) Net amount after deducting for offsetting swaps under ISDA agreements is $5.8 million. 3) Net amount after deducting for offsetting swaps under ISDA agreements is $1.6 million. 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 Company has determined that each of these fair value measurements of debt reside within Level 2 of the fair value hierarchy. The fair value and carrying value of debt is summarized in the table below (dollars in millions). March 31, 2020 December 31, 2019 Carrying value 1) Fair value Carrying value 1) Fair value Long-term debt Bonds $ 1,589.0 $ 1,584.5 $ 1,597.5 $ 1,671.1 Loans 620.4 617.1 128.6 128.6 Total $ 2,209.4 $ 2,201.6 $ 1,726.1 $ 1,799.7 Short-term debt Commercial paper $ 125.5 $ 125.5 $ 230.7 $ 230.7 Short-term portion of long-term debt 110.3 110.2 112.0 112.1 Overdrafts and other short-term debt 83.0 83.0 25.4 25.3 Total $ 318.8 $ 318.7 $ 368.1 $ 368.1 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. For the three month period ended March 31, 2020 and March 31, 2019, the Company did not record any material impairment charges on its long-lived assets for its operations.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	4. INCOME TAXES The effective tax rate in the first quarter of 2020 was 32.7% compared to 27.4% in the same quarter of 2019. Discrete tax items, net in the first quarter of 2020 had an unfavorable impact of 0.5%. In the first quarter of 2019, discrete tax items, net had an unfavorable impact of 0.5%. 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 2015. 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 2010. As of March 31, 2020, 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 three months of 2020, the Company recorded a net increase of $1.7 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. Of the total unrecognized tax benefits of $67.0 million recorded at March 31, 2020, $1.8 million is classified as current tax payable within Other current liabilities and $65.2 million is classified as non-current tax payable within Other non-current liabilities on the Condensed Consolidated Balance Sheet.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Inventories	5. INVENTORIES Inventories are stated at the lower of cost (FIFO) and net realizable value. The components of inventories were as follows (dollars in millions): As of March 31, 2020 December 31, 2019 Raw materials $ 374.9 $ 366.3 Work in progress 271.6 257.4 Finished products 205.3 200.4 Inventories 851.8 824.1 Inventory valuation reserve (80.2 ) (83.2 ) Total inventories, net of reserve $ 771.6 $ 740.9

Restructuring

Restructuring	3 Months Ended
	Mar. 31, 2020
Restructuring And Related Activities [Abstract]
Restructuring	6. RESTRUCTURING The provisions in the three months period ended March 31, 2020 of $1.7 million mainly relate to the structural efficiency program initiated in the second quarter of 2019 and is expected to be concluded in the second quarter of 2020. structural efficiency program initiated in 2019. As of March 31, 2020, approximately $48 million out of the $52.1 million total reserve balance can be attributed to the structural efficiency program. The remaining balance relates to older restructuring programs, primarily in Western Europe, which is expected to be settled in 2021. The table below summarizes the change in the balance sheet position of the employee related restructuring reserves (dollars in millions). The changes in the employee-related reserves have been charged against Other income (expense), net in the Consolidated Statements of Income. Restructuring costs other than employee related costs are immaterial for all periods presented. Three months ended March 31 2020 2019 Reserve at beginning of the period $ 56.1 $ 33.4 Provision - charge 1.7 0.8 Provision - reversal (0.1 ) (0.1 ) Cash payments (4.4 ) (5.1 ) Translation difference (1.2 ) (0.5 ) Reserve at end of the period $ 52.1 $ 28.5

Product-Related Liabilities

Product-Related Liabilities	3 Months Ended
	Mar. 31, 2020
Product Warranties Disclosures [Abstract]
Product-Related Liabilities	7. PRODUCT-RELATED LIABILITIES The Company is exposed to product liability and warranty claims in the event that the Company’s products fail to perform as represented and such failure results, or is alleged to result, in bodily injury, and/or property damage or other loss. 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 9. Contingent Liabilities below. For the three months period ended March 31, 2020 and March 31, 2019, provisions and cash paid primarily relate to recall and warranty related issues. The decrease in the reserve balance as of March 31, 2020 compared to the prior year was mainly due to cash payments. Pursuant to the Spin-Off Agreements, Autoliv is also required to indemnify Veoneer for recalls related to certain qualified Electronics products. At March 31, 2020, the indemnification liabilities are approximately $7 million within Accrued expenses on the Condensed Consolidated Balance Sheets. The table below summarizes the change in the balance sheet position of the product-related liabilities (dollars in millions). Insurance receivables are included within Other current assets and Investments and other non-current assets on the Condensed Consolidated Balance Sheets. Three months ended March 31 2020 2019 Reserve at beginning of the period $ 72.1 $ 62.2 Change in reserve 2.4 2.9 Cash payments (20.3 ) (4.4 ) Translation difference (0.7 ) (0.2 ) Reserve at end of the period $ 53.5 $ 60.5

Retirement Plans

Retirement Plans	3 Months Ended
	Mar. 31, 2020
Compensation And Retirement Disclosure [Abstract]
Retirement Plans	8. RETIREMENT PLANS The components of total Net Periodic Benefit Cost associated with the Company’s defined benefit retirement plans are as follows (dollars in millions): Three months ended March 31 2020 2019 Service cost $ 5.2 $ 4.5 Interest cost 4.8 5.2 Expected return on plan assets (4.5 ) (3.9 ) Amortization of prior service cost (0.4 ) 0.1 Amortization of actuarial loss 1.2 0.6 Net Periodic Benefit Cost $ 6.3 $ 6.5 The Service cost and Amortization of prior service cost components in the table above are reported in Operating Income 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.

Contingent Liabilities

Contingent Liabilities	3 Months Ended
	Mar. 31, 2020
Commitments And Contingencies Disclosure [Abstract]
Contingent Liabilities	9. 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. ANTITRUST MATTERS Authorities in several jurisdictions 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 included, but are not limited to, the products that the Company sells. European Commission (“EC”) Investigations: In June 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. In November 2017, the EC concluded a discrete portion of its investigation, and in 2018 the Company paid a fine of €8.1 million (approximately $9.7 million) with respect to this portion of the EC’s overall investigation. while it continued the more significant portion of its investigation. In March 2019, the EC completed the remaining portion of the investigation, and in 2019 the Company paid a fine of €179 million (approximately $203 million). 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 or is defective, the Company may face warranty and recall claims. Where such (actual or alleged) failure or defect 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. In addition, a number of the agreements entered into by the Company, including the Spin-off Agreements, require Autoliv to indemnify the other parties for certain claims. Autoliv cannot assure that the level of coverage will be sufficient to cover every possible claim that can arise in our businesses or with respect to other obligations, 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. Toyota Recall: The Company has determined pursuant to ASC 450 that a loss with respect to this issue is probable and therefore has accrued an immaterial amount related to potential costs for replacement parts. The ultimate costs to the Company of the Toyota Recall could be materially different from the amount the Company has accrued. However, the Company continues to believe that the Company’s loss, net of expected insurance recoveries, will be less than $20 million. The main variables affecting the ultimate cost for the Company include: 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. Intellectual Property: The table in Note 7. 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, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock Incentive Plan	10. STOCK INCENTIVE PLAN Eligible employees and non-employee directors of the Company participate in the Autoliv, Inc.1997 Stock Incentive Plan, as amended and received Autoliv stock-based awards which include stock options (SOs), restricted stock units (RSUs) and performance shares (PSs). The Company recorded approximately $1.7 million of stock-based compensation expense related to RSUs and PSs for the three months period ended March 31, 2020. During the three months period ended March 31, 2019, the Company recorded $1.1 million of stock-based compensation expense in operations related to RSUs and PSs.

Earnings per share

Earnings per share	3 Months Ended
	Mar. 31, 2020
Earnings Per Share [Abstract]
Earnings per share	11. EARNINGS PER SHARE For the three months period ended March 31, 2020 and March 31, 2019, approximately 116 thousand and 54 thousand shares, respectively, were excluded from the computation of the diluted EPS, since the inclusion of these awards would be antidilutive. During the three months period ended March 31, 2020 and March 31, 2019 approximately 70 thousand and 77 thousand shares of common stock from the treasury stock, respectively, were utilized by the 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 2020 2019 Numerator: Basic and diluted: Net income attributable to controlling interest $ 74.8 $ 111.4 Participating share awards with dividend equivalent rights 0.0 0.0 Net income applicable to common shareholders 74.8 111.4 Earnings allocated to participating share awards 1) 0.0 0.0 Net income attributable to common shareholders $ 74.8 $ 111.4 Denominator: 1) Basic: Weighted average common stock 87.3 87.2 Add: Weighted average stock options/share awards 0.1 0.2 Diluted: 87.4 87.4 Basic EPS $ 0.86 $ 1.28 Diluted EPS $ 0.86 $ 1.27 1) The Company’s unvested RSUs and PSs, of which some included 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.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	12. RELATED PARTY TRANSACTIONS The Company purchases finished goods from Veoneer. For the three months period ended March 31, 2020 and March 31, 2019, related party purchases from Veoneer amounted to $18 million and $18 million, respectively. Amounts due to and due from related party as of March 31, 2020 and December 31, 2019 were as follows: As of Related party (Dollars in millions) March 31, 2020 December 31, 2019 Related party receivables 1) $ 1.5 $ 2.8 Related party payables 2) 15.1 9.7 Related party accrued expenses 3) 6.9 7.7 1) 2) 3)

Revenue Disaggregation

Revenue Disaggregation	3 Months Ended
	Mar. 31, 2020
Revenue From Contract With Customer [Abstract]
Revenue Disaggregation	13. REVENUE DISAGGREGATION The Company’s disaggregated revenue for the three months period March 31, 2020 and March 31, 2019 were as follows. Three months ended March 31 Net Sales by Products (Dollars in millions) 2020 2019 Airbag Products and Other 1) $ 1,202.2 $ 1,447.7 Seatbelt Products 1) 643.6 726.3 Total net sales $ 1,845.8 $ 2,174.0 1) Three months ended March 31 Net Sales by Region (Dollars in millions) 2020 2019 Americas 672.2 743.1 Europe 576.4 680.2 Japan 203.0 208.1 China 197.5 330.4 Rest of Asia 196.7 212.2 Total net sales $ 1,845.8 $ 2,174.0 Contract balances Contract assets relate 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 and is included in Other current assets on the Condensed Consolidated Balance Sheet. The contract assets are reclassified into the receivables balance when the rights to receive payments become unconditional. The net change in the contract assets balance, reflecting the adjustments needed to align revenue recognition for work completed but not billed, for the three months period ended March 31, 2020 and March 31, 2019 were not material.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	14. SUBSEQUENT EVENTS The following non-adjusting subsequent events arose after March 31, 2020 as part of the Company’s response to the auto industry downturn caused by the COVID-19 pandemic. The Company announced on April 2, 2020 that the dividend declared on February 20, 2020 (scheduled for payment on June 4, 2020) was cancelled. The accrued dividend in the March 31, 2020 balance sheet of $54 million (as other current liabilities) has been released to retained earnings on April 2, 2020. This resulted in an increase in equity of $54 million and a decrease in other current liabilities of $54 million on April 2, 2020. The Company announced on April 2, 2020 that it had drawn down $600 million of cash on its existing credit line. This resulted in an increase in cash and cash equivalents and short-term debt of $600 million on April 2, 2020.

New Accounting Standards (Polic

New Accounting Standards (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
New Accounting Standards	Adoption of New Accounting Standards In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments, The adoption of ASU 2016-13 did not have a material impact on the consolidated financial statements. In August 2018, the FASB issued ASU 2018-15, Intangibles-Goodwill and Other-Internal Use Software (Subtopic 350-40), Customer’s accounting for implementation costs incurred in a cloud computing arrangement that is a service contract Accounting Standards Issued But Not Yet Adopted The Company considers the applicability and impact of all ASUs. ASUs not listed below were assessed and determined to be either not applicable or are expected to have an immaterial impact on our consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740), Simplifying the Accounting for Income Taxes
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 rates 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. All derivatives are recognized in the consolidated financial statements at fair value. For certain 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 rates and foreign exchange rates. 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 several 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. All the Company’s derivatives are classified as Level 2 financial instruments in the fair value hierarchy. 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. 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. For the three month period ended March 31, 2020 and March 31, 2019, the Company did not record any material impairment charges on its long-lived assets for its operations.
Inventories	Inventories are stated at the lower of cost (FIFO) and net realizable value.
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 theadequacy 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.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2020
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 (dollars in millions). March 31, 2020 Fair Value Measurements Description Nominal volume Derivative asset (Other current assets) Derivative liability (Other current liabilities) Derivatives not designated as hedging instruments Foreign exchange swaps, less than 6 months $ 661.0 1) $ 3.3 2) $ 7.7 3) Total derivatives not designated as hedging instruments $ 661.0 $ 3.3 $ 7.7 1) Net nominal amount after deducting for offsetting swaps under ISDA agreements is $661.0 million. 2) Net amount after deducting for offsetting swaps under ISDA agreements is $3.3 million. 3) Net amount after deducting for offsetting swaps under ISDA agreements is $7.7 million. December 31, 2019 Fair Value Measurements Description Nominal volume Derivative asset (Other current assets) Derivative liability (Other current liabilities) Derivatives not designated as hedging instruments Foreign exchange swaps, less than 6 months $ 934.2 1) $ 6.0 2) $ 1.8 3) Total derivatives not designated as hedging instruments $ 934.2 $ 6.0 $ 1.8 1) Net nominal amount after deducting for offsetting swaps under ISDA agreements is $860.6 million. 2) Net amount after deducting for offsetting swaps under ISDA agreements is $5.8 million. 3) Net amount after deducting for offsetting swaps under ISDA agreements is $1.6 million.
Fair Value of Debt	The fair value and carrying value of debt is summarized in the table below (dollars in millions). March 31, 2020 December 31, 2019 Carrying value 1) Fair value Carrying value 1) Fair value Long-term debt Bonds $ 1,589.0 $ 1,584.5 $ 1,597.5 $ 1,671.1 Loans 620.4 617.1 128.6 128.6 Total $ 2,209.4 $ 2,201.6 $ 1,726.1 $ 1,799.7 Short-term debt Commercial paper $ 125.5 $ 125.5 $ 230.7 $ 230.7 Short-term portion of long-term debt 110.3 110.2 112.0 112.1 Overdrafts and other short-term debt 83.0 83.0 25.4 25.3 Total $ 318.8 $ 318.7 $ 368.1 $ 368.1 1) Debt as reported in balance sheet.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2020
Inventory Disclosure [Abstract]
Components of Inventories	As of March 31, 2020 December 31, 2019 Raw materials $ 374.9 $ 366.3 Work in progress 271.6 257.4 Finished products 205.3 200.4 Inventories 851.8 824.1 Inventory valuation reserve (80.2 ) (83.2 ) Total inventories, net of reserve $ 771.6 $ 740.9

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Mar. 31, 2020
Restructuring And Related Activities [Abstract]
Schedule of Change in Balance Sheet Position of Employee Related Restructuring Reserves	The table below summarizes the change in the balance sheet position of the employee related restructuring reserves (dollars in millions). The changes in the employee-related reserves have been charged against Other income (expense), net in the Consolidated Statements of Income. Restructuring costs other than employee related costs are immaterial for all periods presented. Three months ended March 31 2020 2019 Reserve at beginning of the period $ 56.1 $ 33.4 Provision - charge 1.7 0.8 Provision - reversal (0.1 ) (0.1 ) Cash payments (4.4 ) (5.1 ) Translation difference (1.2 ) (0.5 ) Reserve at end of the period $ 52.1 $ 28.5

Product-Related Liabilities (Ta

Product-Related Liabilities (Tables)	3 Months Ended
	Mar. 31, 2020
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 (dollars in millions). Three months ended March 31 2020 2019 Reserve at beginning of the period $ 72.1 $ 62.2 Change in reserve 2.4 2.9 Cash payments (20.3 ) (4.4 ) Translation difference (0.7 ) (0.2 ) Reserve at end of the period $ 53.5 $ 60.5

Retirement Plans (Tables)

Retirement Plans (Tables)	3 Months Ended
	Mar. 31, 2020
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 (dollars in millions): Three months ended March 31 2020 2019 Service cost $ 5.2 $ 4.5 Interest cost 4.8 5.2 Expected return on plan assets (4.5 ) (3.9 ) Amortization of prior service cost (0.4 ) 0.1 Amortization of actuarial loss 1.2 0.6 Net Periodic Benefit Cost $ 6.3 $ 6.5

Earnings per share (Tables)

Earnings per share (Tables)	3 Months Ended
	Mar. 31, 2020
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 2020 2019 Numerator: Basic and diluted: Net income attributable to controlling interest $ 74.8 $ 111.4 Participating share awards with dividend equivalent rights 0.0 0.0 Net income applicable to common shareholders 74.8 111.4 Earnings allocated to participating share awards 1) 0.0 0.0 Net income attributable to common shareholders $ 74.8 $ 111.4 Denominator: 1) Basic: Weighted average common stock 87.3 87.2 Add: Weighted average stock options/share awards 0.1 0.2 Diluted: 87.4 87.4 Basic EPS $ 0.86 $ 1.28 Diluted EPS $ 0.86 $ 1.27 1) The Company’s unvested RSUs and PSs, of which some included 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.

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2020
Related Party Transactions [Abstract]
Summary of Amounts Due to and Due from Related Party	Amounts due to and due from related party as of March 31, 2020 and December 31, 2019 were as follows: As of Related party (Dollars in millions) March 31, 2020 December 31, 2019 Related party receivables 1) $ 1.5 $ 2.8 Related party payables 2) 15.1 9.7 Related party accrued expenses 3) 6.9 7.7 1) 2) 3)

Revenue Disaggregation (Tables)

Revenue Disaggregation (Tables)	3 Months Ended
	Mar. 31, 2020
Revenue From Contract With Customer [Abstract]
Schedule of Disaggregated Revenue by Products and Region	The Company’s disaggregated revenue for the three months period March 31, 2020 and March 31, 2019 were as follows. Three months ended March 31 Net Sales by Products (Dollars in millions) 2020 2019 Airbag Products and Other 1) $ 1,202.2 $ 1,447.7 Seatbelt Products 1) 643.6 726.3 Total net sales $ 1,845.8 $ 2,174.0 1) Three months ended March 31 Net Sales by Region (Dollars in millions) 2020 2019 Americas 672.2 743.1 Europe 576.4 680.2 Japan 203.0 208.1 China 197.5 330.4 Rest of Asia 196.7 212.2 Total net sales $ 1,845.8 $ 2,174.0

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2020Segment
Accounting Policies [Abstract]
Number of reportable segments	1

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Fair Value, Measurements, Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Asset impairment charges	$ 0	$ 0
Not Designated as Hedging Instrument
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Derivatives designated as hedging instruments	0		$ 0
Gains and losses recognized in other non-operating items, net	$ (8,500,000)	$ (3,200,000)

Derivative Financial Assets and

Derivative Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Not Designated as Hedging Instrument - Fair Value, Measurements, Recurring - USD ($)		Mar. 31, 2020	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Nominal volume			$ 934,200,000
Derivative liability (Other current liabilities)		$ 7,700,000
Other current assets
Derivatives, Fair Value [Line Items]
Nominal volume		661,000,000
Derivative asset (Other current assets)			6,000,000
Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative asset (Other current assets)		3,300,000
Derivative liability (Other current liabilities)			1,800,000
Less Than Six Months | Foreign Exchange Swaps
Derivatives, Fair Value [Line Items]
Nominal volume	[1]		934,200,000
Derivative liability (Other current liabilities)	[2]	7,700,000
Less Than Six Months | Other current assets | Foreign Exchange Swaps
Derivatives, Fair Value [Line Items]
Nominal volume	[3]	661,000,000
Derivative asset (Other current assets)	[4]		6,000,000
Less Than Six Months | Other current liabilities | Foreign Exchange Swaps
Derivatives, Fair Value [Line Items]
Derivative asset (Other current assets)	[5]	$ 3,300,000
Derivative liability (Other current liabilities)	[6]		$ 1,800,000
[1]	Net nominal amount after deducting for offsetting swaps under ISDA agreements is $860.6 million.
[2]	Net amount after deducting for offsetting swaps under ISDA agreements is $7.7 million.
[3]	Net nominal amount after deducting for offsetting swaps under ISDA agreements is $661.0 million.
[4]	Net amount after deducting for offsetting swaps under ISDA agreements is $5.8 million.
[5]	Net amount after deducting for offsetting swaps under ISDA agreements is $3.3 million.
[6]	Net amount after deducting for offsetting swaps under ISDA agreements is $1.6 million.

Derivative Financial Assets a_2

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, 2020	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Derivative notional volume, amount after offsetting swaps	$ 661	$ 860.6
Other current assets
Derivatives, Fair Value [Line Items]
Derivative asset, amount after offsetting swaps	3.3	5.8
Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liability, amount after offsetting swaps	$ 7.7	$ 1.6

Fair Value of Debt (Detail)

Fair Value of Debt (Detail) - USD ($) $ in Millions		Mar. 31, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	[1]	$ 2,209.4	$ 1,726.1
Short-term debt	[1]	318.8	368.1
Long-term debt, fair value		2,201.6	1,799.7
Short-term debt, fair value		318.7	368.1
Commercial Paper
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt	[1]	125.5	230.7
Short-term debt, fair value		125.5	230.7
Bonds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	[1]	1,589	1,597.5
Long-term debt, fair value		1,584.5	1,671.1
Loans
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	[1]	620.4	128.6
Long-term debt, fair value		617.1	128.6
Overdrafts and Other Short-Term Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt	[1]	83	25.4
Short-term debt, fair value		83	25.3
Short-Term Portion of Long-Term Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Short-term debt	[1]	110.3	112
Short-term debt, fair value		$ 110.2	$ 112.1
[1]	Debt as reported in balance sheet.

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Taxes [Line Items]
Effective income tax rate	32.70%	27.40%
Increase/(decrease) in effective tax rate due to impact of discrete tax items	(0.50%)	(0.50%)
Net increase to income tax reserves for unrecognized tax benefits based on tax positions related to current and prior years	$ 1.7
Unrecognized tax benefits reserve that would impact effective tax rate if released into income	67
Current Tax Payable Within Other Current Liabilities
Income Taxes [Line Items]
Unrecognized tax benefits reserve that would impact effective tax rate if released into income	1.8
Non-Current Tax Payable Within Other Non-current Liabilities
Income Taxes [Line Items]
Unrecognized tax benefits reserve that would impact effective tax rate if released into income	$ 65.2

Components of Inventories (Deta

Components of Inventories (Detail) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw materials	$ 374.9	$ 366.3
Work in progress	271.6	257.4
Finished products	205.3	200.4
Inventories	851.8	824.1
Inventory valuation reserve	(80.2)	(83.2)
Total inventories, net of reserve	$ 771.6	$ 740.9

Restructuring - Additional Info

Restructuring - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2020USD ($)
Restructuring Cost and Reserve [Line Items]
Total restructuring reserve balance	$ 52.1
Structural Efficiency Restructuring Program
Restructuring Cost and Reserve [Line Items]
Provision	1.7
Cash payments	4.4
Total restructuring reserve balance	$ 48

Schedule of Changes in Balance

Schedule of Changes in Balance Sheet Position of Employee Related Restructuring Reserves (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Restructuring Cost and Reserve [Line Items]
Reserve at end of the period	$ 52.1
Restructuring employee-related
Restructuring Cost and Reserve [Line Items]
Reserve at beginning of the period	56.1	$ 33.4
Provision - charge	1.7	0.8
Provision - reversal	(0.1)	(0.1)
Cash payments	(4.4)	(5.1)
Translation difference	(1.2)	(0.5)
Reserve at end of the period	$ 52.1	$ 28.5

Product-Related Liabilities - A

Product-Related Liabilities - Additional Information (Detail) $ in Millions	Mar. 31, 2020USD ($)
Accrued Expenses
Product Warranty Liability [Line Items]
Indemnification liabilities	$ 7

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, 2020	Mar. 31, 2019
Product Warranties Disclosures [Abstract]
Reserve at beginning of the period	$ 72.1	$ 62.2
Change in reserve	2.4	2.9
Cash payments	(20.3)	(4.4)
Translation difference	(0.7)	(0.2)
Reserve at end of the period	$ 53.5	$ 60.5

Components of Net Periodic Bene

Components of Net Periodic Benefit Cost (Detail) - Pension Plans, Defined Benefit - U.S. Pension Plans - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Defined Benefit Plans And Other Postretirement Benefit Plans Table Text Block [Line Items]
Service cost	$ 5.2	$ 4.5
Interest cost	4.8	5.2
Expected return on plan assets	(4.5)	(3.9)
Amortization of prior service cost	(0.4)	0.1
Amortization of actuarial loss	1.2	0.6
Net Periodic Benefit Cost	$ 6.3	$ 6.5

Contingent Liabilities - Additi

Contingent Liabilities - Additional Information (Detail) € in Millions, Vehicle in Millions	Jun. 29, 2016Vehicle	Mar. 31, 2019USD ($)	Mar. 31, 2019EUR (€)	Nov. 30, 2017USD ($)	Nov. 30, 2017EUR (€)	Jun. 30, 2011Facility	Mar. 31, 2020USD ($)
Damages from Product Defects
Loss Contingencies [Line Items]
Number of vehicles recalled | Vehicle	1.4
Damages from Product Defects | Maximum
Loss Contingencies [Line Items]
Range of possible loss | $							$ 20,000,000
Litigation with European Commission
Loss Contingencies [Line Items]
Number of facilities visited | Facility						2
Loss contingency, accrual		$ 203,000,000	€ 179	$ 9,700,000	€ 8.1

Stock Incentive Plan - Addition

Stock Incentive Plan - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Restricted Stock Units And Performance Shares
Share Based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock compensation cost	$ 1.7	$ 1.1

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Potentially dilutive shares	116	54
Shares from treasury stock utilized by the Plan	70	77

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, 2020	Mar. 31, 2019
Basic and diluted:
Net income attributable to controlling interest		$ 74.8	$ 111.4
Participating share awards with dividend equivalent rights		0	0
Net income applicable to common shareholders		74.8	111.4
Earnings allocated to participating share awards	[1]	0	0
Net income attributable to common shareholders		$ 74.8	$ 111.4
Denominator:
Basic: Weighted average common stock	[1]	87.3	87.2
Add: Weighted average stock options/share awards	[1]	0.1	0.2
Diluted:	[1]	87.4	87.4
Basic EPS	[2]	$ 0.86	$ 1.28
Diluted EPS	[2]	$ 0.86	$ 1.27
[1]	The Company’s unvested RSUs and PSs, of which some included 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 11 to the unaudited condensed consolidated financial statements).

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Veoneer, Inc.
Related Party Transaction [Line Items]
Purchases from related party	$ 18	$ 18

Summary of Amounts Due to and D

Summary of Amounts Due to and Due from Related Party (Detail) - USD ($) $ in Millions		Mar. 31, 2020	Dec. 31, 2019
Related Party Transactions [Abstract]
Related party receivables	[1]	$ 1.5	$ 2.8
Related party payables	[2]	15.1	9.7
Related party accrued expenses	[3]	$ 6.9	$ 7.7
[1]	Included in Receivables, net in the Condensed Consolidated Balance Sheet.
[2]	Included in Accounts payable in the Condensed Consolidated Balance Sheet.
[3]	Included in Accrued expenses in the Condensed Consolidated Balance Sheet.

Schedule of Disaggregated Reven

Schedule of Disaggregated Revenue by Products and Region (Detail) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2020	Mar. 31, 2019
Disaggregation Of Revenue [Line Items]
Net sales		$ 1,845.8	$ 2,174
Americas
Disaggregation Of Revenue [Line Items]
Net sales		672.2	743.1
Europe
Disaggregation Of Revenue [Line Items]
Net sales		576.4	680.2
Japan
Disaggregation Of Revenue [Line Items]
Net sales		203	208.1
China
Disaggregation Of Revenue [Line Items]
Net sales		197.5	330.4
Rest of Asia
Disaggregation Of Revenue [Line Items]
Net sales		196.7	212.2
Airbag Products and Other
Disaggregation Of Revenue [Line Items]
Net sales	[1]	1,202.2	1,447.7
Seatbelt Products
Disaggregation Of Revenue [Line Items]
Net sales	[1]	$ 643.6	$ 726.3
[1]	Including Corporate and other sales.

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($) $ in Millions		Apr. 02, 2020	Mar. 31, 2020	Dec. 31, 2019
Subsequent Event [Line Items]
Short-term debt	[1]		$ 318.8	$ 368.1
COVID-19 Pandemic | Subsequent Event
Subsequent Event [Line Items]
Increase in equity		$ 54
Decrease in other current liabilities		54
Short-term debt		600
Increase in cash and cash equivalents		600
Increase in short term debt		600
Retained earnings | Other current liabilities | COVID-19 Pandemic | Subsequent Event
Subsequent Event [Line Items]
Accrued dividend released		$ 54
[1]	Debt as reported in balance sheet.