Visteon (VC) 10-Q 26 Jul 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2018	Jul. 25, 2018
Entity Information [Line Items]
Entity Registrant Name	VISTEON CORP
Entity Central Index Key	1,111,335
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		29,364,559
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues	$ 758	$ 774	$ 1,572	$ 1,584
Cost of Goods and Services Sold	(654)	(663)	(1,339)	(1,344)
Gross margin	104	111	233	240
Selling, general and administrative expenses	(55)	(54)	(99)	(106)
Restructuring charges, net of reversals	(5)	(3)	(10)	(4)
Interest expense	(3)	(5)	(7)	(11)
Interest income	1	1	3	2
Equity in net income of (loss) non-consolidated affiliates	4	3	7	5
Other expense, net	3	5	10	7
Income (loss) before income taxes	49	58	137	133
Provision for income taxes	(12)	(10)	(33)	(26)
Net income (loss) from continuing operations	37	48	104	107
(Loss) income from discontinued operations, net of tax	(1)	0	1	8
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	(1)	0	1	8
Net income (loss)	36	48	105	115
Net income attributable to non-controlling interests	(1)	(3)	(5)	(7)
Net income (loss) attributable to Visteon Corporation	$ 35	$ 45	$ 100	$ 108
Basic earnings (loss) per share:
Continuing operations	$ 1.22	$ 1.43	$ 3.29	$ 3.12
Discontinued operations	(0.03)	0	0.03	0.25
Basic earnings (loss) attributable to Visteon Corporation	1.19	1.43	3.32	3.37
Diluted earnings (loss) per share
Continuing operations	1.20	1.41	3.26	3.07
Discontinued operations	(0.03)	0	0.03	0.24
Diluted earnings (loss) attributable to Visteon Corporation	$ 1.17	$ 1.41	$ 3.29	$ 3.31
Comprehensive income:
Comprehensive income (loss)	$ (9)	$ 56	$ 83	$ 146
Comprehensive income (loss) attributable to Visteon Corporation	$ (3)	$ 52	$ 79	$ 137

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Cash and equivalents	$ 525	$ 706
Restricted cash	3	3
Accounts receivable, net	438	530
Inventories, net	197	189
Other current assets	173	175
Total current assets	1,336	1,603
Property and equipment, net	372	377
Intangible assets, net	125	132
Investments in non-consolidated affiliates	48	41
Other non-current assets	155	151
Total assets	2,036	2,304
LIABILITIES AND EQUITY
Short-term debt, including current portion of long-term debt	30	46
Accounts payable	435	470
Accrued employee liabilities	76	105
Other current liabilities	162	180
Total current liabilities	703	801
Long-term debt	348	347
Employee benefits	260	277
Deferred tax liabilities	22	23
Other non-current liabilities	87	95
Stockholders' equity:
Preferred stock (par value $0.01, 50 million shares authorized, none outstanding as of June 30, 2018 and December 31, 2017)	0	0
Common stock (par value $0.01, 250 million shares authorized, 55 million shares issued, 30 and 31 million shares outstanding as of June 30, 2018 and December 31, 2017, respectively)	1	1
Additional paid-in capital	1,302	1,339
Retained earnings	1,545	1,445
Accumulated other comprehensive loss	(195)	(174)
Treasury stock	(2,137)	(1,974)
Total Visteon Corporation stockholders' equity	516	637
Non-controlling interests	100	124
Total equity	616	761
Total liabilities and equity	$ 2,036	$ 2,304

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares shares in Millions	Jun. 30, 2018	Dec. 31, 2017
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	250	250
Common Stock, Shares, Issued	55	55
Common Stock, Shares, Outstanding	30	31
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	50	50
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2016
Cash and Cash Equivalents, at Carrying Value	$ 528	$ 734	$ 528	$ 734
Operating Activities
Net income (loss)	(36)	(48)	(105)	(115)
Adjustments to reconcile net income to net cash provided from operating activities:
Depreciation and amortization			45	41
Equity in net income of non-consolidated affiliates, net of dividends remitted			(7)	(5)
Non-cash stock-based compensation	$ 6	4	0	6
Gain on repurchase of India operations			0	(7)
Gain (Loss) on Disposition of Assets			(3)	(2)
Other Noncash Income (Expense)			(2)	(3)
Changes in assets and liabilities:
Accounts receivable			85	8
Inventories			(14)	(8)
Accounts payable			(8)	(20)
Other assets and other liabilities			(79)	(46)
Net cash provided from operating activities			126	85
Investing Activities
Payments to acquire property, plant, equipment, and intangible assets			(69)	(47)
Payments to Acquire Businesses and Interest in Affiliates			0	(47)
Derivative, Cost of Hedge Net of Cash Received			1	5
Payments associated with business divestitures, net			0	13
Loans to non-consolidated affiliates, net of repayments			2	0
Net cash provided from (used by) investing activities			(66)	(76)
Financing Activities
Short-term debt, net			(16)	7
Principal payments on debt			0	(2)
Distribution payments			(14)	(1)	$ (1,740)
Payments for Repurchase of Common Stock		$ (125)	(200)	(160)
Dividends paid to non-controlling interests			1	11
Proceeds from (Payments for) Other Financing Activities			(2)	(3)
Net cash used by financing activities			(233)	(170)
Net increase (decrease) in cash and equivalents			(181)	(148)
Cash, cash equivalents, and restricted cash at beginning of the period			709	882
Cash, cash equivalents, and restricted cash at end of the period					$ 882
Effect of exchange rate changes on cash			$ (8)	$ 13

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Description and Accounting Policies [Text Block]	Description of Business Visteon Corporation (the "Company" or "Visteon") is a global automotive supplier that designs, engineers and manufactures innovative electronics products for nearly every original equipment vehicle manufacturer ("OEM") worldwide including Ford, Mazda, Renault/Nissan, General Motors, Jaguar/Land Rover, Honda, Volkswagen, BMW and Daimler. Visteon is headquartered in Van Buren Township, Michigan, and has an international network of manufacturing operations, technical centers and joint venture operations, supported by approximately 10,000 employees, dedicated to the design, development, manufacture and support of its product offerings and its global customers. The Company's manufacturing and engineering footprint is principally located outside of the U.S., with a heavy concentration in low-cost geographic regions. Visteon provides value for its customers and stockholders through its technology-focused vehicle cockpit electronics business, by delivering a rich, connected cockpit experience for every car from luxury to entry. The Company's cockpit electronics business is one of the broadest portfolios in the industry and includes instrument clusters, information displays, infotainment systems, audio systems, head-up displays ("HUD"), SmartCore™ cockpit domain controllers, vehicle connectivity, and the DriveCore™ autonomous driving platform. Visteon also supplies embedded multimedia and smartphone connectivity software solutions to the global automotive industry. The Company's vehicle cockpit electronics business is comprised of and reported under the Electronics segment.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Significant Accounting Policies	Summary of Significant Accounting Policies The unaudited consolidated financial statements of the Company have been prepared in accordance with the rules and regulations of the U.S. Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") have been condensed or omitted pursuant to such rules and regulations. These interim consolidated financial statements include all adjustments (consisting of normal recurring adjustments, except as otherwise disclosed) that management believes are necessary for a fair presentation of the results of operations, financial position and cash flows of the Company for the interim periods presented. Interim results are not necessarily indicative of full-year results. Restricted Cash: Restricted cash represents amounts designated for uses other than current operations and includes $2 million related to a letter of credit facility, and $ 1 million related to cash collateral for other corporate purposes as of June 30, 2018 . Reclassifications: Certain prior period amounts have been reclassified to conform to the current period presentation. Other Income, Net: Three Months Ended Six Months Ended 2018 2017 2018 2017 (Dollars in Millions) Pension financing benefits, net $ 3 $ 2 $ 6 $ 5 Transformation initiatives — — 4 — Gain on non-consolidated affiliate transactions, net — 3 — 2 $ 3 $ 5 $ 10 $ 7 Pension financing benefits, net include return on assets net of interest costs and other amortization. The 2017 gain on non-consolidated affiliate transactions, net are described in Note 4, "Non-Consolidated Affiliates." Transformation initiatives include information technology separation costs, integration of acquired business, and financial and advisory services incurred in connection with the Company's transformation into a pure play cockpit electronics business. During the six months ended June 30, 2018 , the Company recognized a $4 million benefit on settlement of litigation matters with the Company’s former President and Chief Executive Officer (“former CEO”) as further described in Note 16, Commitments and Contingencies. Recently Adopted Accounting Pronouncements: Effective January 1, 2018 the Company adopted Accounting Standards Update Topic (“ASU”) 2014-09 “Revenue from Contracts with Customers (Topic 606),” using the modified retrospective method. Under the modified retrospective method, the impact of applying the standard is recognized as a cumulative effect on retained earnings. The adoption of ASU 2014-09 did not have a material impact on the Company’s consolidated financial position, results of operations, equity or cash flows as of the adoption date or for the six months ended June 30, 2018 . Comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. Certain of the Company’s nonpublic unconsolidated joint ventures have not yet adopted Topic 606 and therefore the Company’s share of earnings as report in equity in net income of non-consolidated affiliates continues to be reported under historical revenue accounting standards. The Company does not expect the adoption of Topic 606 by its nonpublic non-consolidated affiliates on January 1, 2019 to have a material impact on its results of operations or financial position. For additional information, refer to Note 17 "Revenue Recognition" to the Company's consolidated financial statements. In August 2016, the Financial Accounting Standards Board ("FASB") issued ASU 2016-15, "Statement of Cash Flows (Topic 230): Classification of certain cash receipts and cash payments." The ASU addresses eight specific cash flow issues with the objective of reducing the diversity in practice in how certain transactions were classified in the statement of cash flows. The ASU is applied using a retrospective transition method to each period presented. This new guidance is effective for interim and annual reporting periods beginning after December 15, 2017. The Company adopted the guidance on a retrospective basis on January 1, 2018 and accordingly, previously issued operating cash flows decreased by $1 million and cash flows from financing activities increased by $1 million for the six months ending June 30, 2017 . In November 2016, the FASB issued ASU 2016-16, “Intra-Entity Transfers of Assets Other Than Inventory,” which requires entities to recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. The new guidance is effective for interim and annual reporting periods beginning after December 15, 2017. The Company's adoption of this standard on January 1, 2018 did not have a material impact on its consolidated financial statements. In November 2016, the FASB issued an accounting standards update ASU 2016-18, "Restricted Cash," requiring that the statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents. The change is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Retrospective application is required. The Company adopted the guidance on a retrospective basis on January 1, 2018 and accordingly, included restricted cash and restricted cash equivalents with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the consolidated statements of cash flows. In March 2017, the FASB issued ASU 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the presentation of net periodic pension cost and net periodic postretirement benefit cost." The ASU requires entities to present the service cost component of the net periodic benefit cost in the same income statement line item(s) as other employee compensation costs arising from services rendered during the period. In addition, only the service cost component will be eligible for capitalization in assets. Entities will present the other components separately from the line item(s) that includes the service cost and outside of any subtotal of operating income, and disclose the line(s) used to present the other components of net periodic benefit cost, if the components are not presented separately in the income statement. The standard will be applied retrospectively for the presentation of the service cost component and the components of pension financing costs in the income statement, and prospectively for the guidance limiting the capitalization of net periodic benefit cost in assets to the service cost. This new guidance is effective for interim and annual reporting periods beginning after December 15, 2017. The Company previously recorded service cost with other compensation costs (benefits) in cost of sales and selling, general and administrative expenses. Adoption of the standard results in the reclassification of other compensation costs (benefits) in other income, net. The Company's retrospective adoption of this standard on January 1, 2018 resulted in a $1 million and $3 million increase to cost of sales, and a $1 million and $2 million increase to selling, general and administrative expenses, with a corresponding $2 million and $5 million increase in other income, net, with no impact to net income for the three and six month periods ending June 30, 2017 . In May 2017, the FASB issued ASU 2017-09, "Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting." The ASU amends the scope of modification accounting for share-based payment arrangements, provides guidance on the types of changes to the terms or conditions of share-based payment awards to which an entity would be required to apply modification accounting. The new guidance will allow companies to make certain changes to awards without accounting for them as modifications. It does not change the accounting for modifications. The new guidance will be applied prospectively to awards changed on or after the adoption date. This new guidance is effective for interim and annual reporting periods beginning after December 15, 2017. The Company's adoption of this standard on January 1, 2018 did not have a material impact on its consolidated financial statements. Effective January 1, 2018 the Company has elected to early adopt ASU 2017-12, "Targeted Improvements to Accounting for Hedging Activities" which was created to better align accounting rules with a company’s risk management activities to reflect the economic results of hedging in the financial statements and simplify hedge accounting treatment. The modified retrospective adoption of ASU 2017-12 did not have a material impact on the Company’s consolidated financial position, results of operations, equity or cash flows as of the adoption date or for the six months ended June 30, 2018 . Comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. For additional information, refer to Note 15 "Fair Value Measurements and Financial Instruments" to the Company's consolidated financial statements. Accounting Pronouncements Not Yet Adopted: In June 2016, the FASB issued ASU 2016-13, "Credit Losses - Measurement of Credit Losses on Financial Instruments." The guidance requires that for most financial assets, losses be based on an expected loss approach which includes estimates of losses over the life of exposure that considers historical, current and forecasted information. Expanded disclosures related to the methods used to estimate the losses as well as a specific disaggregation of balances for financial assets are also required. The change is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, with early adoption permitted for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The Company does not expect application of this accounting standards update to have a material impact on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)." The amendments in Topic 842 supersede current lease requirements in Topic 840 which require lessees to recognize most leases on their balance sheets as lease liabilities with corresponding right-of-use assets. The objective of Topic 842 is to establish the principles that lessees and lessors shall apply to report useful information to users of financial statements about the amount, timing, and uncertainty of cash flows arising from a lease. This new guidance is effective for interim and annual reporting periods beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the impact of this standard on the financial statements and disclosures, internal controls and accounting policies. This evaluation process includes reviewing all forms of leases and performing a completeness assessment over the lease population. The company has analyzed the practical expedients to determine the best path for applying the leasing standard and elected all available practical expedients, except for the hindsight expedient, which allows the use of hindsight in determining the lease term. The Company completed its system implementation evaluation during the second quarter of 2018, and concluded that a third party supported lease accounting information system solution will be implemented to account for the Company's leases. The Company has launched a project to implement this system, establish a new lease accounting process and design related internal controls. While the Company's evaluation is ongoing, the impact on existing processes, controls, information systems and the consolidated financial statements is expected to be material.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Discontinued Operations The Company completed the sale of the majority of its global Climate business (the "Climate Transaction") during 2015 and completed the divestiture of its global Interiors business in 2016 (the "Interiors Divestiture"). These transactions met the conditions required to qualify for discontinued operations reporting and accordingly the settlement of retained contingencies have been classified in income from discontinued operations, net of tax, in the consolidated statements of comprehensive income for the three and six months ended June 30, 2018 and 2017 . Discontinued operations are summarized as follows: Three Months Ended June 30 Six Months Ended 2018 2017 2018 2017 (Dollars in Millions) Selling, general and administrative expenses $ (1 ) $ — $ (1 ) $ — Restructuring expense — — (1 ) — Gain on Climate Transaction — — 3 7 Income tax benefit — — — 1 (Loss) income from discontinued operations, net of tax $ (1 ) $ — $ 1 $ 8 During the first quarter of 2018, the Company recognized a $3 million benefit on settlement of litigation matters with its former CEO as further described in Note 16, "Commitments and Contingencies." In connection with the Climate Transaction, the Company completed the repurchase of the electronics operations located in India during the first quarter of 2017 for $47 million , recognizing a $7 million gain on settlement of purchase commitment contingencies. The Company had previously consolidated the India operations based on the Company's controlling financial interest as a result of the repurchase obligation, operating control, and the obligation to fund losses or benefit from earnings.

Non-Consolidated Affiliates (No

Non-Consolidated Affiliates (Notes)	6 Months Ended
	Jun. 30, 2018
Yanfeng Transactions [Abstract]
Investments in and Advances to Affiliates, Schedule of Investments [Text Block]	Non-Consolidated Affiliates Non-Consolidated Affiliate Transaction s During the first quarter of 2017, the Company completed the sale of its 50% interest in an equity method investment for proceeds of $7 million , consistent with its carrying value. Additionally, the Company sold a cost method investment for proceeds of approximately $3 million and recorded a pretax loss of $1 million , classified as "other income, net." During the second quarter of 2017, the Company sold a cost method investment for proceeds of approximately $3 million . The Company recorded a pretax gain of $3 million classified as "other income, net." Variable Interest Entities The Company determines whether joint ventures in which it has invested are Variable Interest Entities (“VIE”) at the start of each new venture and when a reconsideration event has occurred. An enterprise must consolidate a VIE if it is determined to be the primary beneficiary of the VIE. The primary beneficiary has both the power to direct the activities of the VIE that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. Visteon and Yangfeng Automotive Trim Systems Co. Ltd. ("YF") each own 50% of a joint venture under the name of Yanfeng Visteon Investment Co., Ltd. ("YFVIC"). In October 2014, YFVIC completed the purchase of YF’s 49% direct ownership in Yanfeng Visteon Automotive Electronics Co., Ltd ("YFVE") a consolidated joint venture of the Company. The purchase by YFVIC was financed through a shareholder loan from YF and external borrowings which were guaranteed by Visteon, of which $12 million is outstanding as of June 30, 2018 . The guarantee contains standard non-payment provisions to cover the borrowers in event of non-payment of principal, accrued interest, and other fees, and the loan is expected to be fully paid by September 2019. The Company determined that YFVIC is a VIE. The Company holds a variable interest in YFVIC primarily related to its ownership interests and subordinated financial support. The Company and YF each own 50% of YFVIC and neither entity has the power to control the operations of YFVIC; therefore, the Company is not the primary beneficiary of YFVIC and does not consolidate the joint venture. A summary of the Company's investments in YFVIC is provided below. June 30 December 31 2018 2017 (Dollars in Millions) Payables due to YFVIC $ 13 $ 12 Exposure to loss in YFVIC: Investment in YFVIC $ 34 $ 28 Receivables due from YFVIC 22 35 Subordinated loan receivable from YFVIC 20 22 Loan guarantee of YFVIC debt 12 15 Maximum exposure to loss in YFVIC $ 88 $ 100

Restructuring Activities

Restructuring Activities	6 Months Ended
	Jun. 30, 2018
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	Restructuring Activities Given the economically-sensitive and highly competitive nature of the automotive electronics industry, the Company continues to closely monitor current market factors and industry trends, taking action as necessary which may include restructuring actions. However, there can be no assurance that any such actions will be sufficient to fully offset the impact of adverse factors on the Company or its results of operations, financial position and cash flows. During the three and six months ended June 30, 2018, the Company recorded $5 million and $11 million of restructuring expenses, including discontinued operations, net of reversals, respectively. Electronics During the second quarter of 2018, the Company recorded approximately $3 million of restructuring expenses related to severance and termination benefits associated with legacy employees at a South America facility. During the second quarter of 2018, the Company recorded $2 million of restructuring expenses related to severance and termination benefits associated with employees at North America manufacturing facilities due to the wind-down of certain products. During the fourth quarter of 2016, the Company approved a restructuring program impacting engineering and administrative functions, associated with approximately 250 employees to further align the Company's engineering and related administrative footprint with its core product technologies and customers. During the three and six months ended June 30, 2018, the Company recorded approximately less than $1 million and $5 million of restructuring expenses, respectively under this program, and $5 million remains accrued for the program as of June 30, 2018. Through June 30, 2018, the Company has recorded approximately $45 million of restructuring expenses since inception of this program and it is considered substantially complete. Discontinued Operations During the first half of 2018, the Company recorded $1 million associated with a former European Interiors facility related to settlement of employee severance litigation. As of June 30, 2018, the Company retained approximately $3 million of restructuring reserves as part of the Interiors Divestiture associated with previously announced programs for the fundamental reorganization of operations at facilities in Brazil and France. Restructuring Reserves Restructuring reserve balances of $13 million and $24 million as of June 30, 2018 and December 31, 2017, respectively, are classified as "Other current liabilities" on the consolidated balance sheets. The Company anticipates that the activities associated with the current restructuring reserve balance will be substantially complete within one year. The Company’s consolidated restructuring reserves and related activity are summarized below, including amounts associated with discontinued operations. Electronics Other and Discontinued Operations Total (Dollars in Millions) December 31, 2017 $ 18 $ 6 $ 24 Expense 5 1 6 Utilization (12 ) — (12 ) March 31, 2018 11 7 18 Expense 5 — 5 Utilization (5 ) (4 ) (9 ) Foreign currency (1 ) — (1 ) June 30, 2018 $ 10 $ 3 $ 13

Inventories

Inventories	6 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consist of the following components: June 30 December 31 2018 2017 (Dollars in Millions) Raw materials $ 130 $ 127 Work-in-process 35 31 Finished products 32 31 $ 197 $ 189

Other Assets

Other Assets	6 Months Ended
	Jun. 30, 2018
Other Assets [Abstract]
Other Assets Disclosure [Text Block]	Other Assets Other current assets are comprised of the following components: June 30 December 31 2018 2017 (Dollars in Millions) Recoverable taxes $ 58 $ 56 Prepaid assets and deposits 40 36 Joint venture receivables 31 43 Contractually reimbursable engineering costs 27 14 Notes receivable 12 23 Derivative financial instruments 1 1 Other 4 2 $ 173 $ 175 The Company receives bank notes from certain of its customers in China to settle trade accounts receivable. The Company may hold such bank notes until maturity, exchange them with suppliers to settle liabilities, or sell them to third party financial institutions in exchange for cash. The Company has entered into arrangements with financial institutions to sell certain bank notes, generally maturing within nine months. Notes are sold with recourse, but qualify as a sale as all rights to the notes have passed to the financial institution. The Company sold $14 million during the six months ended June 30, 2018 to financial institutions, $5 million of which remains outstanding and will mature no later than the fourth quarter of 2018 . The collection of such bank notes are included in operating cash flows based on the substance of the underlying transactions, which are operating in nature. Other non-current assets are comprised of the following components: June 30 December 31 2018 2017 (Dollars in Millions) Deferred tax assets $ 44 $ 46 Contractually reimbursable engineering costs 39 24 Recoverable taxes 32 35 Joint venture receivables 18 22 Long term notes receivable 10 10 Other 12 14 $ 155 $ 151 In conjunction with the Interiors Divestiture, the Company entered into a three year term loan with the buyer for $10 million , which matures on December 1, 2019. Current and non-current contractually reimbursable engineering costs of $27 million and $39 million , respectively, as of June 30, 2018 , and $14 million and $24 million , respectively, as of December 31, 2017 , are related to pre-production design and development costs incurred pursuant to long-term supply arrangements that are contractually guaranteed for reimbursement by customers. The Company expects to receive cash reimbursement payments of approximately $16 million during the remainder of 2018 , $42 million in 2019 , $2 million in 2020 , $2 million in 2021 and $4 million in 2022 and beyond.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets, net Intangible assets, net as of June 30, 2018 and December 31, 2017 , are comprised of the following: June 30, 2018 December 31, 2017 Estimated Weighted Average Useful Life (years) Gross Carrying Value Accumulated Amortization Net Carrying Value Gross Carrying Value Accumulated Amortization Net Carrying Value (Dollars in Millions) Definite-Lived: Developed technology 8 $ 40 $ (29 ) $ 11 $ 40 $ (27 ) $ 13 Customer related 10 87 (39 ) 48 88 (35 ) 53 Capitalized software development 4 11 (2 ) 9 8 (1 ) 7 Other 23 13 (1 ) 12 13 (1 ) 12 Subtotal 151 (71 ) 80 149 (64 ) 85 Indefinite-Lived: Goodwill 45 — 45 47 — 47 Total $ 196 $ (71 ) $ 125 $ 196 $ (64 ) $ 132 The Company recorded approximately $3 million and $7 million of amortization expense related to definite-lived intangible assets for the three and six months ended June 30, 2018 , respectively. The Company currently estimates annual amortization expense to be $16 million for both 2018 and 2019 , $13 million for 2020 , and $11 million for years 2021 and 2022 . Indefinite-lived intangible assets are not amortized but are tested for impairment at least annually, or earlier when events and circumstances indicate that it is more likely than not that such assets have been impaired. There were no indicators of impairment during the six months ended June 30, 2018 . During the year ended December 31, 2017, the Company contributed $2 million to American Center for Mobility, a non-profit state of the art research and development facility. The contribution provides the Company certain rights regarding access to the facility for three years. The Company will use the facility for autonomous driving research and development activities for multiple products and therefore capitalized the contribution as an intangible asset. The Company will make a second contribution of $2 million during the third quarter of 2018. The asset is being amortized on a straight-line basis over a 36 month period beginning in January 2018. A roll-forward of the carrying amounts of intangible assets is presented below: Definite-lived intangibles Developed Technology Customer Related Capitalized Software Development Other Goodwill Total (Dollars in Millions) December 31, 2017 $ 13 $ 53 $ 7 $ 12 $ 47 $ 132 Additions — — 3 — — 3 Foreign currency — (1 ) — — (2 ) (3 ) Amortization (2 ) (4 ) (1 ) — — (7 ) June 30, 2018 $ 11 $ 48 $ 9 $ 12 $ 45 $ 125

Other liabilities

Other liabilities	6 Months Ended
	Jun. 30, 2018
Other Liabilities Disclosure [Abstract]
Other Liabilities Disclosure [Text Block]	Other Liabilities Other current liabilities are summarized as follows: June 30 December 31 2018 2017 (Dollars in Millions) Product warranty and recall accruals $ 33 $ 33 Dividends payable to non-controlling interests 29 3 Income taxes payable 19 12 Rent and royalties 16 24 Restructuring reserves 13 24 Joint venture payables 13 12 Non-income taxes payable 9 10 Deferred income 7 18 Derivative financial instruments — 1 Distribution payable — 14 Other 23 29 $ 162 $ 180 In the fourth quarter of 2015 the Company declared a special distribution of $1.75 billion to common shareholders of the Company. On January 22, 2016 the Company paid $1.74 billion of the distribution, the remaining $14 million was paid upon settlement of restricted stock units and performance-based share units previously granted to the Company's employees. The special cash distribution was funded from the Climate Transaction proceeds. Other non-current liabilities are summarized as follows: June 30 December 31 2018 2017 (Dollars in Millions) Derivative financial instruments $ 22 $ 23 Product warranty and recall accruals 15 16 Deferred income 14 16 Income tax reserves 11 12 Non-income tax reserves 6 7 Other 19 21 $ 87 $ 95

Debt

Debt	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Debt	Debt The Company’s short and long-term debt consists of the following: June 30 December 31 2018 2017 (Dollars in Millions) Short-Term Debt: Current portion of long-term debt $ — $ 2 Short-term borrowings 30 44 $ 30 $ 46 Long-Term Debt: Term debt facility $ 348 $ 347 Short-Term Debt Short-term borrowings are primarily related to the Company's non-U.S. affiliates and joint ventures and are payable in U.S. Dollar, Chinese Renminbi and India Rupee. Available borrowings on outstanding affiliate credit facilities as of June 30, 2018 , are approximately $27 million and certain of these facilities have pledged assets as security. Long-Term Debt As of December 31, 2017 , the Company had a credit agreement (the “Credit Agreement”), which includes a $350 million Term Facility maturing on March 24, 2024 and a Revolving Credit Facility with a capacity of $300 million , which matures on March 24, 2022. On May 30, 2018, the Company entered into a fourth amendment of its Credit Agreement to reduce the applicable margin on Eurodollar Rate loans. At the Company’s option, the Term Facility under the amended Credit Agreement interest shall accrue at a rate equal to the applicable annualized domestic rate plus an applicable margin of 0.75% or the LIBOR-based rate plus an applicable margin of 1.75% per annum. The Company is required to pay accrued interest on any outstanding principal balance under the credit facility with a frequency of the lesser of the LIBOR tenor or every three months. Any outstanding principal under this facility will be due upon the maturity date. The Company may also terminate or reduce the borrowing commitments under this facility, in whole or in part, upon three business days’ notice. Loans drawn under the Revolving Credit Facility accrue interest at an annualized rate equal to LIBOR plus a margin ranging from 1.25% to 2.25% as specified by a ratings grid contained in the Credit Agreement. Based on the Company’s current credit ratings, borrowings would accrue interest at LIBOR plus 1.75% per annum. The Revolving Credit Facility also provides $75 million availability for the issuance of letters of credit and a maximum of $20 million for swing line borrowing. Any amount of the facility utilized for letters of credit or swing line loans outstanding will reduce the amount available under the amended Revolving Credit Facility. The Company may request increases in the limits under the amended Term Facility and the amended Revolving Credit Facility and may request the addition of one or more term loan facilities under the Credit Agreement. Outstanding borrowings may be prepaid without penalty (other than borrowings made for the purpose of reducing the effective interest rate margin or weighted average yield of the loans). There are mandatory prepayments of principal in connection with: (i) excess cash flow sweeps above certain leverage thresholds, (ii) certain asset sales or other dispositions, (iii) certain refinancing of indebtedness and (iv) over-advances under the Revolving Credit Facility. There are no excess cash flow sweeps required at the Company’s current leverage level. The Credit Agreement requires the Company and its subsidiaries to comply with customary affirmative and negative covenants, and contains customary events of default. The Revolving Credit Facility also requires that the Company maintain a total net leverage ratio no greater than 3.00 : 1.00 . During any period when the Company’s corporate and family ratings meet investment grade ratings, certain of the negative covenants will be suspended. As of June 30, 2018 , the Company was in compliance with all its debt covenants. As of June 30, 2018, the outstanding aggregate principal borrowing under the amended Term Facility is $350 million and there were no outstanding borrowings under the Revolving Credit Facility. Other The Company has a $5 million letter of credit facility, whereby the Company is required to maintain a collateral account equal to 103% of the aggregate stated amount of issued letters of credit and must reimburse any amounts drawn under issued letters of credit. The Company had $2 million of outstanding letters of credit issued under this facility secured by restricted cash, as of June 30, 2018 . Additionally, the Company had $16 million of locally issued letters of credit with less than $1 million of collateral as of June 30, 2018 , to support various tax appeals, customs arrangements and other obligations at its local affiliates.

Employee Retirement Benefits

Employee Retirement Benefits	6 Months Ended
	Jun. 30, 2018
Retirement Benefits [Abstract]
Employee Retirement Benefits	Employee Benefit Plans Defined Benefit Plans The Company's net periodic benefit costs for all defined benefit plans for the three month periods ended June 30, 2018 and 2017 were as follows: U.S. Plans Non-U.S. Plans 2018 2017 2018 2017 (Dollars in Millions) Costs Recognized in Income: Pension service cost: Service cost $ — $ — $ (1 ) $ (1 ) Pension financing benefit (cost): Interest cost (7 ) (7 ) (2 ) (2 ) Expected return on plan assets 10 10 3 2 Amortization of losses and other — — (1 ) (1 ) Net pension income (expense) $ 3 $ 3 $ (1 ) $ (2 ) The Company's net periodic benefit costs for all defined benefit plans for the six month periods ended June 30, 2018 and 2017 were as follows: U.S. Plans Non-U.S. Plans 2018 2017 2018 2017 (Dollars in Millions) Costs Recognized in Income: Pension service cost: Service cost $ — $ — $ (1 ) $ (1 ) Pension financing benefit (cost): Interest cost (14 ) (14 ) (4 ) (4 ) Expected return on plan assets 20 20 5 4 Amortization of losses and other — — (1 ) (1 ) Restructuring related pension cost: Special termination benefits (1 ) — — — Net pension income (expense) $ 5 $ 6 $ (1 ) $ (2 ) The Company previously recorded service cost with other components of net pension income (expense) in cost of sales and selling, general and administrative expenses. Adoption of ASU 2017-07, “Compensation - Retirement Benefits (Topic 715)," resulted in the reclassification of pension financing benefit (cost) into "other income, net. " During the six months ended June 30, 2018, cash contributions to the Company's defined benefit plans were less than $1 million for the U.S. plans and $3 million for the non-U.S. plans. The Company estimates that cash contributions to its defined benefit pension plans will be $7 million in 2018.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes During the three and six month periods ended June 30, 2018 , the Company recorded a provision for income tax on continuing operations of $12 million and $33 million , respectively, which reflects income tax expense in countries where the Company is profitable; accrued withholding taxes; ongoing assessments related to the recognition and measurement of uncertain tax benefits; the inability to record a tax benefit for pretax losses and/or recognize expense for pretax income in certain jurisdictions (including the U.S.) due to valuation allowances; and other non-recurring tax items. Pretax losses from continuing operations in jurisdictions where valuation allowances are maintained and no income tax benefits are recognized totaled $8 million and $9 million for the six month periods ended June 30, 2018 and 2017 , respectively, resulting in an increase in the Company's effective tax rate in those years. The reduction of the U.S. federal statutory income tax rate from 35% to 21% under the Tax Cuts and Jobs Act (the “Act”) enacted in December 2017, did not have a significant impact to income tax expense for the six months ended June 30, 2018 due to the U.S. valuation allowance. The Company ’s income tax expense reflects the estimated impacts of other provisions of the Act including the global minimum income tax and base erosion tax provisions related to offshore activities and affiliated party payments neither of which had a significant impact to income tax expense for the six months ended June 30, 2018 . The Company provides for U.S. and non-U.S. income taxes and non-U.S. withholding taxes on the projected future repatriations of the earnings from its non-U.S. operations that are not considered permanently reinvested at each tier of the legal entity structure. During the six month periods ended June 30, 2018 and 2017 , the Company recognized expense primarily related to non-U.S. withholding taxes, including exchange impacts, of $4 million in both years, reflecting the Company's forecasts which contemplate numerous financial and operational considerations that impact future repatriations. The Company's provision for income taxes in interim periods is computed by applying an estimated annual effective tax rate against income before income taxes, excluding equity in net income of non-consolidated affiliates for the period. Effective tax rates vary from period to period as separate calculations are performed for those countries where the Company's operations are profitable and whose results continue to be tax-effected and for those countries where full deferred tax valuation allowances exist and are maintained. In determining the estimated annual effective tax rate, the Company analyzes various factors, including but not limited to, forecasts of projected annual earnings, taxing jurisdictions in which the pretax income and/or pretax losses will be generated and available tax planning strategies. The Company’s estimated annual effective tax rate is updated each quarter and may be significantly impacted by changes to the mix of forecasted earnings by tax jurisdiction. The tax impact of adjustments to the estimated annual effective tax rate are recorded in the period such estimates are revised. The Company is also required to record the tax impact of certain other non-recurring tax items, including changes in judgment about valuation allowances and uncertain tax positions, and changes in tax laws or rates, in the interim period in which they occur, rather than include them in the estimated annual effective tax rate. The need to maintain valuation allowances against deferred tax assets in the U.S. and other affected countries will cause variability in the Company’s quarterly and annual effective tax rates. Full valuation allowances against deferred tax assets in the U.S. and applicable foreign countries will be maintained until sufficient positive evidence exists to reduce or eliminate them. The factors considered by management in its determination of the probability of the realization of the deferred tax assets include, but are not limited to, recent historical financial results, historical taxable income, projected future taxable income, the expected timing of the reversals of existing temporary differences and tax planning strategies. If, based upon the weight of available evidence, it is more likely than not the deferred tax assets will not be realized, a valuation allowance is recorded. The weight given to the positive and negative evidence is commensurate with the extent to which the evidence may be objectively verified. As such, it is generally difficult for positive evidence regarding projected future taxable income exclusive of reversing taxable temporary differences to outweigh objective negative evidence of recent financial reporting losses, in particular, when there is a cumulative loss incurred over a three-year period. In regards to the full valuation allowance recorded against the U.S. net deferred tax assets, the cumulative U.S. pretax book loss adjusted for significant permanent items incurred over the three-year period ended December 31, 2017 limits the ability to consider other subjective evidence such as the Company’s plans to improve U.S. profits, and as such, the Company continues to maintain a full valuation allowance against the U.S. net deferred tax assets. Based on the Company’s current assessment, it is possible that within the next 6 to 18 months, the existing valuation allowance against the U.S. net deferred tax assets could be partially released. Any such release is dependent upon the sustained improvement in U.S. operating results, and, if such a release of the valuation allowance were to occur, it could have a significant impact on net income in the quarter in which it is deemed appropriate to partially release the reserve. Due to the timing of the Act and the substantial changes it brings, the SEC issued Staff Accounting Bulletin No. 118 ("SAB 118"), which provides registrants a measurement period to report the impact of the new U.S. tax law. During the measurement period, provisional amounts for the effects of the law are recorded to the extent a reasonable estimate can be made. To the extent that all information necessary is not available, prepared or analyzed, companies may recognize provisional estimated amounts for a period of up to one year following enactment of the Act. For year-end 2017, the Company recorded provisional amounts for impacts of the Act in accordance with the guidance as of the date of the year-end filing, including the one-time transition tax on the mandatory deemed repatriation of foreign earnings, gross foreign tax credit carryforwards, the remeasurement of deferred taxes, and related valuation allowances. The Company will continue to refine provisional amounts surrounding the remeasurement of deferred taxes and information related to unremitted earnings from foreign affiliates to more precisely analyze and compute the remeasurement of deferred taxes and the impact of the transition tax under the Act, as well as other provisions of the Act, such as the global minimum income tax and base erosion tax provisions related to offshore activities and affiliated party payments, as more information and further guidance become available. Unrecognized Tax Benefits Gross unrecognized tax benefits as of June 30, 2018 and December 31, 2017 , including amounts attributable to discontinued operations, were $18 million in both years. Of these amounts approximately $11 million and $9 million as of June 30, 2018 and December 31, 2017 , respectively, represent the amount of unrecognized benefits that, if recognized, would impact the effective tax rate. The gross unrecognized tax benefit differs from that which would impact the effective tax rate due to uncertain tax positions embedded in other deferred tax attributes carrying a full valuation allowance. If the uncertainty is resolved while a full valuation allowance is maintained, these uncertain tax positions should not impact the effective tax rate in current or future periods. The Company records interest and penalties related to uncertain tax positions as a component of income tax expense and related amounts accrued at June 30, 2018 and December 31, 2017 was $2 million and $3 million , respectively. With few exceptions, the Company is no longer subject to U.S. federal tax examinations for years before 2014, or state, local or non-U.S. income tax examinations for years before 2003, although U.S. net operating losses carried forward into open tax years technically remain open to adjustment. During the first quarter of 2018, the IRS informed the Company that the 2016 tax year would be added to the ongoing examination of the Company’s U.S. tax returns for 2014 and 2015. Although it is not possible to predict the timing of the resolution of all ongoing tax audits with accuracy, it is reasonably possible that certain tax proceedings in Europe, Asia and Mexico could conclude within the next twelve months and result in a significant increase or decrease in the balance of gross unrecognized tax benefits. Given the number of years, jurisdictions and positions subject to examination, the Company is unable to estimate the full range of possible adjustments to the balance of unrecognized tax benefits. The long-term portion of uncertain income tax positions (including interest) in the amount of $11 million is included in "Other non-current liabilities" on the consolidated balance sheet, while the current portion in the amount of $2 million , is included in "Other current liabilities" on the consolidated balance sheet. During 2012, Brazil tax authorities issued tax assessment notices to Visteon Sistemas Automotivos (“Sistemas”) related to the sale of its chassis business to a third party, which required a deposit in the amount of $15 million during 2013 necessary to open a judicial proceeding against the government in order to suspend the debt and allow Sistemas to operate regularly before the tax authorities after attempts to reopen an appeal of the administrative decision failed. Adjusted for currency impacts and accrued interest, the deposit amount is approximately $14 million , as of June 30, 2018 . The Company believes that the risk of a negative outcome is remote once the matter is fully litigated at the highest judicial level. These appeal payments, as well as income tax refund claims associated with other jurisdictions, total $17 million as of June 30, 2018 , and are included in "Other non-current assets" on the consolidated balance sheet.

Stockholders' Equity and Non-co

Stockholders' Equity and Non-controlling Interests	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Shareholders' Equity and Non-controlling Interests	Stockholders’ Equity and Non-controlling Interests Changes in equity for the three and six months ended June 30, 2018 and 2017 are as follows: 2018 2017 Visteon NCI Total Visteon NCI Total (Dollars in Millions) Three Months Ended June 30, 2018 Beginning balance $ 506 $ 109 $ 615 $ 548 $ 132 $ 680 Net income from continuing operations 36 1 37 45 3 48 Net income from discontinued operations (1 ) — (1 ) — — — Net income 35 1 36 45 3 48 Other comprehensive income (loss) Foreign currency translation adjustments (49 ) (7 ) (56 ) 21 1 22 Net investment hedge 8 — 8 (12 ) — (12 ) Benefit plans 2 — 2 (1 ) — (1 ) Unrealized hedging gain 1 — 1 (1 ) — (1 ) Total other comprehensive income (38 ) (7 ) (45 ) 7 1 8 Stock-based compensation, net 13 — 13 4 — 4 Share repurchases — — — (35 ) — (35 ) Dividends to non-controlling interests — (3 ) (3 ) — — — Ending balance $ 516 $ 100 $ 616 $ 569 $ 136 $ 705 2018 2017 Visteon NCI Total Visteon NCI Total (Dollars in Millions) Six Months Ended June 30, 2018 Beginning balance $ 637 $ 124 $ 761 $ 586 $ 138 $ 724 Net income from continuing operations 99 5 104 100 7 107 Net income from discontinued operations 1 — 1 8 — 8 Net income 100 5 105 108 7 115 Other comprehensive income (loss) Foreign currency translation adjustments (29 ) (1 ) (30 ) 40 2 42 Net investment hedge 2 — 2 (13 ) — (13 ) Benefit plans 2 — 2 (1 ) — (1 ) Unrealized hedging gain 4 — 4 3 — 3 Total other comprehensive income (21 ) (1 ) (22 ) 29 2 31 Stock-based compensation, net — — — 6 — 6 Share repurchases (200 ) — (200 ) (160 ) — (160 ) Dividends to non-controlling interests — (28 ) (28 ) — (11 ) (11 ) Ending balance $ 516 $ 100 $ 616 $ 569 $ 136 $ 705 Stock-based Compensation, net On June 7, 2018, the Company modified the accounting for certain cash settled stock-based compensation Restricted Stock Units ("RSUs") for non-employee directors of the Company. These awards, previously subject to liability accounting, are now expected to settle in stock. The liability of $6 million related to these awards has been reclassified to shareholders' equity as of June 30, 2018 and will be subject to equity method accounting going forward. During the six months ended June 30, 2018, the Company recognized a $10 million benefit on forfeiture of unvested shares due to the settlement of a litigation matter as further described in Note 16, Commitments and Contingencies. Share Repurchase Program On January 9, 2017, the Company's Board of Directors authorized $400 million of share repurchases of common stock through March 2018. During first quarter of 2017, the Company entered into an accelerated share buyback ("ASB") program to purchase shares of Visteon common stock for an aggregate purchase price of $125 million . Under this program, the Company purchased 1,300,366 shares at an average price of $96.13 . Beginning in the second quarter of 2017, the Company paid approximately $75 million to repurchase 677,778 shares at an average price of $110.63 via open market share repurchases through December 31, 2017. On January 15, 2018, the Company's Board of Directors authorized an additional $500 million of share repurchases, for a total authorization of $700 million , of its share of common stock through 2020. During the first six months of 2018, the Company entered into various programs with third-party financial institutions for an aggregate purchase price of $200 million as further described below: • On December 19, 2017, the Company entered into a forward starting share repurchase agreement with a third party financial institution to purchase up to $25 million of the Company's common stock complying with the provisions of Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934. Share purchases under the program commenced on January 2, 2018 and expired on February 26, 2018. Under this arrangement, the Company paid approximately $13 million to purchase a total of 109,190 shares with an average price of $120.41 . • During the first quarter of 2018, the Company entered into a brokerage agreement with a third-party financial institution to execute open market repurchases of the Company's common stock. Pursuant to this arrangement the Company paid $12 million to repurchase 96,360 shares at an average price of $122.99 . • On March 6, 2018, the Company entered into a share repurchase agreement with a third party financial institution to purchase shares of its common stock complying with the provisions of Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934. Share purchases under the program commenced on March 6, 2018 and expired on March 19, 2018. The Company paid approximately $25 million to purchase a total of 204,775 shares with an average price of $122.08 under this program. • On March 6, 2018 the Company entered into an ASB program with a third-party financial institution to purchase shares of Visteon common stock for an aggregate purchase price of $150 million . On March 7, 2018, the Company received an initial delivery of 988,386 shares of common stock using a reference price of $121.41 . The ASB program concluded on July 20, 2018 and the Company received an additional 229,986 shares. In total the Company purchased 1,218,372 shares at an average price of $123.12 under this ASB program. As of June 30, 2018, $500 million of the authorization through 2020 remains outstanding. The Company anticipates that additional repurchases of common stock, if any, would occur from time to time in open market transactions or in privately negotiated transactions depending on market and economic conditions, share price, trading volume, alternative uses of capital and other factors. Non-Controlling Interests The Company's non-controlling interests are as follows: June 30 December 31 2018 2017 (Dollars in Millions) Yanfeng Visteon Automotive Electronics Co., Ltd. $ 54 $ 77 Shanghai Visteon Automotive Electronics, Co., Ltd. 43 44 Other 3 3 $ 100 $ 124 Accumulated Other Comprehensive Loss Changes in Accumulated other comprehensive income (loss) (“AOCI”) and reclassifications out of AOCI by component include: Three Months Ended June 30 Six Months Ended 2018 2017 2018 2017 (Dollars in Millions) Changes in AOCI: Beginning balance $ (157 ) $ (211 ) $ (174 ) $ (233 ) Other comprehensive income before reclassification, net of tax (39 ) 6 (22 ) 26 Amounts reclassified from AOCI 1 1 1 3 Ending balance $ (195 ) $ (204 ) $ (195 ) $ (204 ) Changes in AOCI by Component: Foreign currency translation adjustments Beginning balance $ (80 ) $ (144 ) $ (100 ) $ (163 ) Other comprehensive income before reclassification, net of tax (a) (49 ) 21 (29 ) 40 Ending balance (129 ) (123 ) (129 ) (123 ) Net investment hedge Beginning balance (18 ) 9 (12 ) 10 Other comprehensive loss before reclassification, net of tax (a) 8 (12 ) 2 (13 ) Ending balance (10 ) (3) (10 ) (3) Benefit plans Beginning balance (63 ) (75 ) (63 ) (75) Other comprehensive income before reclassification, net of tax (a) 1 (1 ) 1 (1 ) Amounts reclassified from AOCI 1 — 1 — Ending balance (61 ) (76 ) (61 ) (76 ) Unrealized hedging (loss) gain Beginning balance 4 (1 ) 1 (5 ) Other comprehensive income before reclassification, net of tax (b) 1 (2 ) 4 — Amounts reclassified from AOCI — 1 — 3 Ending balance 5 (2 ) 5 (2 ) Total AOCI $ (195 ) $ (204 ) $ (195 ) $ (204 ) (a) Net tax expense was less than $1 million for both the three and six months ended June 30, 2018 and 2017. (b) Net tax benefit was less than $1 million related to unrealized hedging loss (gain) for the three months ended June 30, 2018 and 2017. Net tax expense of less than $1 million and $1 million are related to unrealized hedging gain for the six months ended June 30, 2018 and 2017, respectively.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share is calculated by dividing net income attributable to Visteon by the weighted average number of shares of common stock outstanding. Diluted earnings per share is computed by dividing net income by the weighted average number of common and potentially dilutive common shares outstanding. Performance based share units are considered contingently issuable shares, and are included in the computation of diluted earnings per share based on the number of shares that would be issuable if the reporting date were the end of the contingency period and if the result would be dilutive. The table below provides details underlying the calculations of basic and diluted earnings per share: Three Months Ended June 30 Six Months Ended 2018 2017 2018 2017 (In Millions, Except Per Share Amounts) Numerator: Net income from continuing operations attributable to Visteon $ 36 $ 45 $ 99 $ 100 Net (loss) income from discontinued operations attributable to Visteon (1 ) — 1 8 Net income attributable to Visteon $ 35 $ 45 $ 100 $ 108 Denominator: Average common stock outstanding - basic 29.6 31.5 30.1 32.1 Dilutive effect of performance based share units and other 0.3 0.5 0.3 0.5 Diluted shares 29.9 32.0 30.4 32.6 Basic and Diluted Per Share Data: Basic earnings (loss) per share attributable to Visteon: Continuing operations $ 1.22 $ 1.43 $ 3.29 $ 3.12 Discontinued operations (0.03 ) — 0.03 0.25 $ 1.19 $ 1.43 $ 3.32 $ 3.37 Diluted earnings (loss) per share attributable to Visteon: Continuing operations $ 1.20 $ 1.41 $ 3.26 $ 3.07 Discontinued operations (0.03 ) — 0.03 0.24 $ 1.17 $ 1.41 $ 3.29 $ 3.31

Fair Value Measurements and Fin

Fair Value Measurements and Financial Instruments	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Fair Value Measurements and Financial Instruments	Fair Value Measurements and Financial Instruments Fair Value Measurements The Company uses a three-level fair value hierarchy that categorizes assets and liabilities measured at fair value based on the observability of the inputs utilized in the valuation. The fair value hierarchy gives the highest priority to the quoted prices in active markets for identical assets and liabilities and lowest priority to unobservable inputs. • Level 1 – Financial assets and liabilities whose values are based on unadjusted quoted market prices for identical assets and liabilities in an active market that the Company has the ability to access. • Level 2 – Financial assets and liabilities whose values are based on quoted prices in markets that are not active or model inputs that are observable for substantially the full term of the asset or liability. • Level 3 – Financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Items Measured at Fair Value on a Nonrecurring Basis Certain assets and liabilities are measured at fair value on a nonrecurring basis. The fair value measurements are generally determined using unobservable inputs and are classified within Level 3 of the fair value hierarchy. These assets include long-lived assets, intangible assets and investments in affiliates, which may be written down to fair value as a result of impairment. During the six months ended June 30, 2018, there were no items measured at fair value on a nonrecurring basis. Items Not Carried at Fair Value The Company's fair value of debt was approximately $380 million and $401 million as of June 30, 2018 and December 31, 2017 , respectively. Fair value estimates were based on the current rates offered to the Company for debt of the same remaining maturities. Accordingly, the Company's debt fair value disclosures are classified as Level 2, "Other Observable Inputs" in the fair value hierarchy. The Company is exposed to various market risks including, but not limited to, changes in currency exchange rates and market interest rates. The Company manages these risks, in part, through the use of derivative financial instruments. The maximum length of time over which the Company hedges the variability in the future cash flows related to transactions, excluding those transactions as related to the payment of variable interest on existing debt, is eighteen months. The maximum length of time over which the Company hedges forecasted transactions related to variable interest payments is the term of the underlying debt. The use of financial derivative instruments may pose risk of loss in the event of nonperformance by the transaction counter-party. The Company presents its derivative positions and any related material collateral under master netting arrangements that provide for the net settlement of contracts, by counterparty, in the event of default or termination. Derivative financial instruments designated and non-designated as hedging instruments are included in the Company’s consolidated balance sheets. There is no cash collateral on any of these derivatives. Items Measured at Fair Value on a Recurring Basis Foreign currency hedge instruments are measured at fair value on a recurring basis under an income approach using industry-standard models that consider various assumptions, including time value, volatility factors, current market and contractual prices for the underlying and non-performance risk. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data, or are supported by observable levels at which transactions are executed in the marketplace. Accordingly, the Company's foreign currency instruments are classified as Level 2, "Other Observable Inputs" in the fair value hierarchy. Interest rate swaps are valued under an income approach using industry-standard models that consider various assumptions, including time value, volatility factors, current market and contractual prices for the underlying and non-performance risk. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, and can be derived from observable data or supported by observable levels at which transactions are executed in the marketplace. Accordingly, the Company's interest rate swaps are classified as Level 2, "Other Observable Inputs" in the fair value hierarchy. Foreign Exchange Risk: The Company’s net cash inflows and outflows exposed to the risk of changes in foreign currency exchange rates arise from the sale of products in countries other than the manufacturing source, foreign currency denominated supplier payments, debt and other payables, subsidiary dividends and investments in subsidiaries. The Company primarily uses foreign currency derivative instruments, including forward and option contracts, to mitigate the variability of the value of cash flows denominated in currency other than the hedging entity's functional currency. Foreign currency exposures are reviewed periodically and any natural offsets are considered prior to entering into a derivative financial instrument. The Company’s current hedged foreign currency exposures include the Euro, Japanese Yen, Thailand Baht and Mexican Peso. As of June 30, 2018 , and December 31, 2017 , the Company had foreign currency derivative instruments with aggregate notional value of approximately $111 million and $119 million , respectively. At June 30, 2018 , approximately $90 million of the hedge instruments have been designated as cash flow hedges. Accordingly, the total change in fair value of the transactions are initially recognized in other comprehensive income, a component of shareholders' equity, if considered highly effective. Upon settlement of the transactions, the accumulated gains and losses are reclassified to income in the same periods during which the hedged cash flows impact earnings. The fair value of these derivatives is an asset of $1 million and a liability of $2 million , as of June 30, 2018 , and December 31, 2017 , respectively. The difference between the gross and net value of these derivatives after offset by counter party is not material. The estimated AOCI that is expected to be reclassified into earnings within the next 12 months is an approximate gain of $1 million . The terms of the hedges do not exceed 18 months. At December 31, 2017, the Company had cross currency swaps to mitigate the variability of the value of the Company's investment in certain European subsidiaries with an aggregate notional value of $150 million , designated as net investment hedges under the forward rate method of effectiveness assessment. The aggregate fair value was a non-current liability of $23 million at December 31, 2017. In connection with the Company's early adoption of ASU 2017-12, on March 29, 2018 the Company re-designated the hedging relationships of its existing cross currency swaps. The cross currency swaps continued to be designated as net investment hedges of certain of the Company's European affiliates. Concurrent with its adoption of the new standard, the Company elected to change the method of hedge effectiveness to the spot rate method. Accordingly, periodic changes in the fair value of the cross currency swaps are recognized in other comprehensive income, as a component of shareholders' equity, if highly effective. On May 30, 2018, concurrent with the fourth amendment of its Credit Agreement, the Company elected to de-designate its net investment hedge relationships and modify its existing cross currency swaps to more closely align with certain terms of the amended facility. The amended swaps were then designated as new net investment hedging relationships of the Company's investments in certain European affiliates. Additionally, the Company executed an incremental $50 million in notional value of cross currency swaps, which were designated as net investment hedges of certain of its European affiliates. At June 30, 2018 , the Company had cross currency swaps with an aggregate notional value of $200 million designated as net investment hedges. The Company will continue to assess the net investment hedge transactions under the spot rate method. The aggregate fair value of the Company's $200 million notional value of cross currency swaps designated as net investment hedges was a non-current liability of $22 million as of June 30, 2018 . The value of the off-market excluded component is approximately a loss of $3 million as of June 30, 2018 , which will be amortized into earnings on a straight-line basis through expiration of the swaps in August 2022. Interest Rate Risk: The Company is subject to interest rate risk in relation to variable-rate debt. The Company uses financial derivative instruments to manage exposure to fluctuations in interest rates in connection with its risk management policies. At December 31, 2017, the Company had an aggregate notional value of $150 million of interest rate swaps intended to mitigate the variability of interest expense related to the floating rate debt under the Term Facility. On May 30, 2018, concurrent with the amendment of its Term Facility, the Company terminated the interest rate swaps and received $4 million of proceeds upon settlement. Simultaneously, the Company executed new interest rate swaps with an aggregate notional value of $200 million to effectively convert designated floating rate interest payments to fixed cash flows. The maturities of these swaps do not exceed the underlying obligations under the amended Term Facility. The instruments are designated as cash flow hedges, accordingly, the effective portion of the periodic changes in the fair value of the swap transactions is recognized in accumulated other comprehensive income, a component of shareholders' equity. Subsequently, the accumulated gains and losses recorded in equity are reclassified to income in the period during which the hedged cash flow impacts earnings. As of June 30, 2018 and December 31, 2017 , the fair value of the derivative was an asset of less than $1 million and $1 million , respectively. AOCI expected to be reclassified into earnings within the next 12 months is a gain of $1 million . Financial Statement Presentation Gains and losses on derivative financial instruments for the three and six months ended June 30, 2018 and 2017 are as follows: Recorded Income (Loss) into AOCI, net of tax Reclassified from AOCI into Income (Loss) Recorded in Income (Loss) 2018 2017 2018 2017 2018 2017 (Dollars in Millions) Three Months Ended June 30, 2018 Foreign currency risk - Sales: Cash flow hedges $ (1 ) $ — $ — $ — $ — $ — Non-designated cash flow hedges — — — — (1 ) — Foreign currency risk - Cost of sales: Cash flow hedges 1 (2 ) — (1 ) — — Non-designated cash flow hedges — — — — 1 2 Foreign currency risk - Interest expense, net: Net investment hedges 8 (12 ) — — — — Interest rate risk - Interest expense, net: Interest rate swap 1 — — (1 ) — — $ 9 $ (14 ) $ — $ (2 ) $ — $ 2 Six Months Ended June 30, 2018 Foreign currency risk - Sales: Cash flow hedges $ — $ — $ — $ — $ — $ — Non-designated cash flow hedges — — — — — — Foreign currency risk - Cost of sales: Cash flow hedges 2 — — (3 ) — — Non-designated cash flow hedges — — — — 1 3 Foreign currency risk - Interest expense, net: Net investment hedges 2 (13 ) — — — — Interest rate risk - Interest expense, net: Interest rate swap 2 — — (1 ) — — $ 6 $ (13 ) $ — $ (4 ) $ 1 $ 3 Concentrations of Credit Risk Financial instruments including cash equivalents, derivative contracts, and accounts receivable, expose the Company to counter-party credit risk for non-performance. The Company’s counterparties for cash equivalents and derivative contracts are banks and financial institutions that meet the Company’s credit rating requirements. The Company’s counterparties for derivative contracts are substantial investment and commercial banks with significant experience using such derivatives. The Company manages its credit risk through policies requiring minimum credit standing and limiting credit exposure to any one counter-party and through monitoring counter-party credit risks. The Company's credit risk with any individual customer does not exceed ten percent of total accounts receivable except for Ford and its affiliates which represent 25% and 28% , Mazda which represents 18% and 17% and Renault/Nissan which represents 13% and 14% , of the balance as of June 30, 2018 and December 31, 2017 , respectively.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Litigation and Claims In 2003, the Local Development Finance Authority of the Charter Township of Van Buren, Michigan (the “Township”) issued, approximately $28 million in bonds finally maturing in 2032, the proceeds of which were used at least in part to assist in the development of the Company’s U.S. headquarters located in the Township. During January 2010, the Company and the Township entered into a settlement agreement (the “Settlement Agreement”) that, among other things, reduced the taxable value of the headquarters property to current market value and facilitated certain claims of the Township in the Company’s chapter 11 proceedings. The Settlement Agreement also provided that the Company would negotiate in good faith with the Township in the event that property tax payments was inadequate to permit the Township to meet its payment obligations with respect to the bonds. In September 2013, the Township notified the Company in writing that it is estimating a shortfall in tax revenues of between $25 million and $36 million , which could render it unable to satisfy its payment obligations under the bonds. On May 12, 2015, the Township commenced a proceeding against the Company in the U. S. Bankruptcy Court for the District of Delaware in connection with the foregoing. Upon the Company’s motion to dismiss, the Township dismissed the proceeding before the Delaware Bankruptcy Court and re-commenced the proceeding against the Company in the Michigan Wayne County Circuit Court for the State of Michigan on July 2, 2015. The Township sought damages or, alternatively, declaratory judgment that, among other things, the Company is responsible under the Settlement Agreement for payment of any shortfall in the bond debt service payments. On February 2, 2016, the Wayne County Circuit Court dismissed the Township’s lawsuit without prejudice on the basis that the Township’s claims were not ripe for adjudication. The Township appealed the decision to the Michigan Court of Appeals, which affirmed the dismissal of the Township’s lawsuit. The Township has sought leave to appeal from the Michigan Supreme Court. On May 11, 2018, the Supreme Court directed supplemental briefing and oral argument “on whether to grant the application or take other action.” The Township filed its supplemental brief on June 22, 2018, and Visteon filed its brief on July 13, 2018. It is anticipated that oral argument will take place in either late 2018, or early 2019. The Company disputes the factual and legal assertions made by the Township and intends to vigorously defend the matter. The Company is not able to estimate the possible loss or range of loss in connection with this matter. The dispute between the Company and its former President and Chief Executive Officer, Timothy D. Leuliette, was resolved in the first quarter of 2018. Pursuant to the resolution, the Company recognized $17 million of pre-tax income, representing the forfeiture of stock based awards and release of other liabilities accrued during prior periods. The benefit is classified as a reduction to selling, general and administrative expenses of $10 million , a benefit to other income, net of $4 million , and a benefit to discontinued operations of $3 million . In November 2013, the Company and Halla Visteon Climate Control Corporation (“HVCC”), jointly filed an Initial Notice of Voluntary Self-Disclosure statement with the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) regarding certain sales of automotive HVAC components by a minority-owned, Chinese joint venture of HVCC into Iran. The Company updated that notice in December 2013, and subsequently filed a voluntary self-disclosure regarding these sales with OFAC in March 2014. In May 2014, the Company voluntarily filed a supplementary self-disclosure identifying additional sales of automotive HVAC components by the Chinese joint venture, as well as similar sales involving an HVCC subsidiary in China, totaling approximately $12 million , and filed a final voluntary-self disclosure with OFAC on October 17, 2014. OFAC is currently reviewing the results of the Company’s investigation. Following that review, OFAC may conclude that the disclosed sales resulted in violations of U.S. economic sanctions laws and warrant the imposition of civil penalties, such as fines, limitations on the Company's ability to export products from the United States, and/or referral for further investigation by the U.S. Department of Justice. Any such fines or restrictions may be material to the Company’s financial results in the period in which they are imposed, but is not able to estimate the possible loss or range of loss in connection with this matter. Additionally, disclosure of this conduct and any fines or other action relating to this conduct could harm the Company’s reputation and have a material adverse effect on its business, operating results and financial condition. The Company cannot predict when OFAC will conclude its own review of voluntary self-disclosures or whether it may impose any of the potential penalties described above. The Company's operations in Brazil and Argentina are subject to highly complex labor, tax, customs and other laws. While the Company believes that it is in compliance with such laws, it is periodically engaged in litigation regarding the application of these laws. As of June 30, 2018 , the Company maintained accruals of approximately $15 million and $3 million for claims aggregating approximately $117 million and $3 million in Brazil and Argentina, respectively. The amounts accrued represent claims that are deemed probable of loss and are reasonably estimable based on the Company's assessment of the claims and prior experience with similar matters. While the Company believes its accruals for litigation and claims are adequate, the final amounts required to resolve such matters could differ materially from recorded estimates and the Company's results of operations and cash flows could be materially affected. Guarantees and Commitments The Company has provided a $12 million loan guarantee to YFVIC. The guarantee contains standard non-payment provisions to cover the borrowers in event of non-payment of principal, accrued interest, and other fees, and the loan is expected to be fully paid by September 2019. As part of the agreements of the Climate Transaction and Interiors Divestiture, the Company continues to provide lease guarantees to divested Climate and Interiors entities. As of June 30, 2018 , the Company has approximately $5 million and $3 million of outstanding guarantees, related to the divested Climate and Interiors entities, respectively. These guarantees will generally cease upon expiration of current lease agreements. Product Warranty and Recall Amounts accrued for product warranty and recall claims are based on management’s best estimates of the amounts that will ultimately be required to settle such items. The Company’s estimates for product warranty and recall obligations are developed with support from its sales, engineering, quality and legal functions and include due consideration of contractual arrangements, past experience, current claims and related information, production changes, industry and regulatory developments and various other considerations. The Company can provide no assurances that it will not experience material claims in the future or that it will not incur significant costs to defend or settle such claims beyond the amounts accrued or beyond what the Company may recover from its suppliers. Specific cause actions represent customer actions related to defective supplier parts and related software. The following table provides a reconciliation of changes in the product warranty and recall claims liability: Six Months Ended June 30 2018 2017 (Dollars in Millions) Beginning balance $ 49 $ 55 Accruals for products shipped 9 10 Changes in estimates (2 ) 2 Specific cause actions 3 — Recoverable warranty/recalls 2 — Foreign currency (1 ) 2 Settlements (12 ) (19 ) Ending balance $ 48 $ 50 Other Contingent Matters Various legal actions, governmental investigations and proceedings and claims are pending or may be instituted or asserted in the future against the Company, including those arising out of alleged defects in the Company’s products; governmental regulations relating to safety; employment-related matters; customer, supplier and other contractual relationships; intellectual property rights; product warranties; product recalls; and environmental matters. Some of the foregoing matters may involve compensatory, punitive or antitrust or other treble damage claims in very large amounts, or demands for recall campaigns, environmental remediation programs, sanctions, or other relief which, if granted, would require very large expenditures. The Company enters into agreements that contain indemnification provisions in the normal course of business for which the risks are considered nominal and impracticable to estimate. Contingencies are subject to many uncertainties, and the outcome of individual litigated matters is not predictable with assurance. Reserves have been established by the Company for matters discussed in the immediately foregoing paragraph where losses are deemed probable and reasonably estimable. It is possible, however, that some of the matters discussed in the foregoing paragraph could be decided unfavorably to the Company and could require the Company to pay damages or make other expenditures in amounts, or a range of amounts, that cannot be estimated as of June 30, 2018 and that are in excess of established reserves. The Company does not reasonably expect, except as otherwise described herein, based on its analysis, that any adverse outcome from such matters would have a material effect on the Company’s financial condition, results of operations or cash flows, although such an outcome is possible.

Revenue Recognition (Notes)

Revenue Recognition (Notes)	6 Months Ended
	Jun. 30, 2018
Deferred Revenue Disclosure [Abstract]
Revenue Recognition [Text Block]	Revenue Recognition Disaggregated revenue by geographical market and product lines is as follows: Three Months Ended June 30 Six Months Ended June 30 2018 2018 (Dollars in Millions) Geographical Markets (a) Asia $ 302 $ 624 Europe 261 536 Americas 205 432 Hedging impacts and eliminations (10 ) (20 ) $ 758 $ 1,572 (a) Company sales based on geographic region where sale originates and not where customer is located. Three Months Ended June 30 Six Months Ended June 30 2018 2018 (Dollars in Millions) Product Lines Instrument clusters $ 307 $ 633 Audio and infotainment 194 402 Information displays 126 266 Climate controls 32 71 Body and security 30 61 Telematics 16 34 Other (includes HUD) 54 105 Hedging impacts (1 ) — $ 758 $ 1,572 The Company generates revenue from the production of automotive vehicle cockpit electronics parts sold to OEM’s, or Tier 1 suppliers at the direction of the OEM, under long term supply agreements supporting new vehicle production. Such agreements may also require related production for service parts, subsequent to initial vehicle production periods. In connection with the sale of electronics parts, the Company is subject to typical assurance warranty obligations that only cover the compliance of the electronics parts produced according to agreed-upon specifications. For further detail on the Company’s warranty obligations see Note 16 "Commitments and Contingencies." Performance Obligations The Company’s contracts with customers involve various governing documents (Sourcing Agreements, Master Purchase Agreements, Terms and Conditions Agreements, etc.) which do not reach the level of a performance obligation of the Company until the Company receives either a purchase order and/or a customer release for a specific number of parts at a specified price, at which point the collective group of documents represent an enforceable contract. While the long term supply agreements generally range from three to five years, customers make no commitments to volumes, and pricing or specifications can change prior to or during production. The Company recognizes revenue when control of the parts produced are transferred to the customer according to the terms of the contract, which is usually when the parts are shipped or delivered to the customer’s premises. Customers are generally invoiced upon shipment or delivery and payment generally occurs within 45 to 90 days. Customers in China are often invoiced one month after shipment or delivery. Customer returns, when they occur, relate to quality rework issues and are not connected to any repurchase obligation of the Company. As of June 30, 2018 , all unfulfilled performance obligations are expected to be fulfilled within the next twelve months. Revenue is measured based on the transaction price and the quantity of parts specified in a contract with a customer. Discrete price changes may occur during the vehicle production period in order for the Company to remain competitive with market prices or based on changes in product specifications. In addition, customers may request or expect certain discounts not reflected in the purchase order that require estimation. In the event the Company concludes that a portion of the revenue for a given part may vary from the purchase order, the Company estimates variable consideration at the most likely amount to which the Company expects to be entitled. The estimates typically represent a narrow range of discounts and are based on historical experience and input from customer negotiations. The Company records such estimates within Sales and Accounts receivable, net, within the consolidated statements of comprehensive income and consolidated balance sheets, respectively. The Company adjusts its estimate of revenue at the earlier of when the most likely amount of consideration changes or when the consideration becomes fixed. During the three and six months ended June 30, 2018 , the Company recognized approximately $3 million and $11 million net increase in transaction price related to performance obligations satisfied in previous periods, respectively. The Company does not have an enforceable right to payment at any time prior to when the parts are shipped or delivered to the customer; therefore, the Company recognizes revenue at the point in time it satisfies a performance obligation by transferring control of a part to the customer. 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 the parts has transferred to a customer are accounted for as a fulfillment cost and are included in cost of sales. Accounts Receivable, net Accounts receivable, net, include amounts billed and currently due from customers. The Company maintains an allowance for doubtful accounts to provide for estimated amounts of receivables not expected to be collected. The Company’s accounts receivables are continually assessed for collectibility and any allowance is recorded based upon the age of outstanding receivables, historical payment experience and customer creditworthiness. Contract Balances The Company has no material contract assets, contract liabilities or capitalized contract acquisition costs as of June 30, 2018 .

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Segment Information	Segment Information Financial results for the Company's reportable segment have been prepared using a management approach, which is consistent with the basis and manner in which financial information is evaluated by the Company's chief operating decision maker in allocating resources and in assessing performance. The Company’s chief operating decision maker, the Chief Executive Officer, evaluates the performance of the Company’s segment primarily based on net sales, before elimination of inter-company shipments and Adjusted EBITDA (a non-GAAP financial measure, as defined below). The Company’s current reportable segment is Electronics, which provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment systems, audio systems, telematics solutions and head-up displays. Adjusted EBITDA The Company defines Adjusted EBITDA as net income attributable to the Company adjusted to eliminate the impact of depreciation and amortization, restructuring expense, net interest expense, equity in net income of non-consolidated affiliates, loss on divestiture, gain on non-consolidated affiliate transactions, provision for income taxes, discontinued operations, net income attributable to non-controlling interests, non-cash stock-based compensation expense, and other gains and losses not reflective of the Company's ongoing operations. The Company has changed the presentation of the reconciliation of Adjusted EBITDA to Net income attributable to Visteon Corporation, due to the adoption of ASU 2017-07, “Compensation - Retirement Benefits (Topic 715): Improving the presentation of net periodic pension cost and net periodic postretirement benefit cost." Adjusted EBITDA is presented as a supplemental measure of the Company's financial performance that management believes is useful to investors because the excluded items may vary significantly in timing or amounts and/or may obscure trends useful in evaluating and comparing the Company's operating activities across reporting periods. Not all companies use identical calculations and, accordingly, the Company's presentation of Adjusted EBITDA may not be comparable to other similarly titled measures of other companies. Adjusted EBITDA is not a recognized term under GAAP and does not purport to be a substitute for net income as an indicator of operating performance or cash flows from operating activities as a measure of liquidity. Adjusted EBITDA has limitations as an analytical tool and is not intended to be a measure of cash flow available for management's discretionary use, as it does not consider certain cash requirements such as interest payments, tax payments and debt service requirements. In addition, the Company uses Adjusted EBITDA (i) as a factor in incentive compensation decisions, (ii) to evaluate the effectiveness of the Company's business strategies and (iii) the Company's credit agreements use measures similar to Adjusted EBITDA to measure compliance with certain covenants. Electronics sales were $758 million and $774 million for the three months ended June 30, 2018 and 2017 , respectively. Segment Adjusted EBITDA was $81 million and $84 million for the three months ended June 30, 2018 and 2017 , respectively. Electronics sales were $1,572 million and $1,584 million for the six months ended June 30, 2018 and 2017 , respectively. Segment Adjusted EBITDA was $185 million for both six month periods ended ended June 30, 2018 and 2017 , respectively. The reconciliation of Adjusted EBITDA to net income attributable to Visteon is as follows: Three Months Ended Six Months Ended 2018 2017 2018 2017 (Dollars in Millions) Adjusted EBITDA $ 81 $ 84 $ 185 185 Depreciation and amortization (23 ) (22 ) (45 ) (41 ) Restructuring expense (5 ) (3 ) (10 ) (4 ) Interest expense, net (2 ) (4 ) (4 ) (9 ) Equity in net income of non-consolidated affiliates 4 3 7 5 Provision for income taxes (12 ) (10 ) (33 ) (26 ) (Loss) income from discontinued operations, net of tax (1 ) — 1 8 Net income attributable to non-controlling interests (1 ) (3 ) (5 ) (7 ) Non-cash, stock-based compensation expense (6 ) (4 ) — (6 ) Other — 4 4 3 Net income attributable to Visteon Corporation $ 35 $ 45 $ 100 $ 108

Summary of Significant Accoun24

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Reclassification, Policy [Policy Text Block]	Reclassifications: Certain prior period amounts have been reclassified to conform to the current period presentation. Other Income, Net: Three Months Ended Six Months Ended 2018 2017 2018 2017 (Dollars in Millions) Pension financing benefits, net $ 3 $ 2 $ 6 $ 5 Transformation initiatives — — 4 — Gain on non-consolidated affiliate transactions, net — 3 — 2 $ 3 $ 5 $ 10 $ 7 Pension financing benefits, net include return on assets net of interest costs and other amortization. The 2017 gain on non-consolidated affiliate transactions, net are described in Note 4, "Non-Consolidated Affiliates." Transformation initiatives include information technology separation costs, integration of acquired business, and financial and advisory services incurred in connection with the Company's transformation into a pure play cockpit electronics business. During the six months ended June 30, 2018 , the Company recognized a $4 million benefit on settlement of litigation matters with the Company’s former President and Chief Executive Officer (“former CEO”) as further described in Note 16, Commitments and Contingencies.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Restricted Cash: Restricted cash represents amounts designated for uses other than current operations and includes $2 million related to a letter of credit facility, and $ 1 million related to cash collateral for other corporate purposes as of June 30, 2018 .

Summary of Significant Accoun25

Summary of Significant Accounting Policies Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2018
Income Statement [Abstract]
Other (income) expense, net [Table Text Block]	Other Income, Net: Three Months Ended Six Months Ended 2018 2017 2018 2017 (Dollars in Millions) Pension financing benefits, net $ 3 $ 2 $ 6 $ 5 Transformation initiatives — — 4 — Gain on non-consolidated affiliate transactions, net — 3 — 2 $ 3 $ 5 $ 10 $ 7
Schedule of Product Warranty Liability [Table Text Block]	The following table provides a reconciliation of changes in the product warranty and recall claims liability: Six Months Ended June 30 2018 2017 (Dollars in Millions) Beginning balance $ 49 $ 55 Accruals for products shipped 9 10 Changes in estimates (2 ) 2 Specific cause actions 3 — Recoverable warranty/recalls 2 — Foreign currency (1 ) 2 Settlements (12 ) (19 ) Ending balance $ 48 $ 50

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	Discontinued operations are summarized as follows: Three Months Ended June 30 Six Months Ended 2018 2017 2018 2017 (Dollars in Millions) Selling, general and administrative expenses $ (1 ) $ — $ (1 ) $ — Restructuring expense — — (1 ) — Gain on Climate Transaction — — 3 7 Income tax benefit — — — 1 (Loss) income from discontinued operations, net of tax $ (1 ) $ — $ 1 $ 8

Non-Consolidated Affiliates (Ta

Non-Consolidated Affiliates (Tables)	6 Months Ended
	Jun. 30, 2018
Non-consolidated Affiliates [Abstract]
Summary of Investment in Non-consolidated Affiliates [Table Text Block]	A summary of the Company's investments in YFVIC is provided below. June 30 December 31 2018 2017 (Dollars in Millions) Payables due to YFVIC $ 13 $ 12 Exposure to loss in YFVIC: Investment in YFVIC $ 34 $ 28 Receivables due from YFVIC 22 35 Subordinated loan receivable from YFVIC 20 22 Loan guarantee of YFVIC debt 12 15 Maximum exposure to loss in YFVIC $ 88 $ 100

Restructuring Activities (Table

Restructuring Activities (Tables)	6 Months Ended
	Jun. 30, 2018
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Related Costs [Table Text Block]	The Company’s consolidated restructuring reserves and related activity are summarized below, including amounts associated with discontinued operations. Electronics Other and Discontinued Operations Total (Dollars in Millions) December 31, 2017 $ 18 $ 6 $ 24 Expense 5 1 6 Utilization (12 ) — (12 ) March 31, 2018 11 7 18 Expense 5 — 5 Utilization (5 ) (4 ) (9 ) Foreign currency (1 ) — (1 ) June 30, 2018 $ 10 $ 3 $ 13

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventories consist of the following components: June 30 December 31 2018 2017 (Dollars in Millions) Raw materials $ 130 $ 127 Work-in-process 35 31 Finished products 32 31 $ 197 $ 189

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Jun. 30, 2018
Other Assets [Abstract]
Schedule of Other Current Assets [Table Text Block]	Other current assets are comprised of the following components: June 30 December 31 2018 2017 (Dollars in Millions) Recoverable taxes $ 58 $ 56 Prepaid assets and deposits 40 36 Joint venture receivables 31 43 Contractually reimbursable engineering costs 27 14 Notes receivable 12 23 Derivative financial instruments 1 1 Other 4 2 $ 173 $ 175
Schedule of Other Assets, Noncurrent [Table Text Block]	Other non-current assets are comprised of the following components: June 30 December 31 2018 2017 (Dollars in Millions) Deferred tax assets $ 44 $ 46 Contractually reimbursable engineering costs 39 24 Recoverable taxes 32 35 Joint venture receivables 18 22 Long term notes receivable 10 10 Other 12 14 $ 155 $ 151

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
intangible assets [Table Text Block]	Intangible assets, net as of June 30, 2018 and December 31, 2017 , are comprised of the following: June 30, 2018 December 31, 2017 Estimated Weighted Average Useful Life (years) Gross Carrying Value Accumulated Amortization Net Carrying Value Gross Carrying Value Accumulated Amortization Net Carrying Value (Dollars in Millions) Definite-Lived: Developed technology 8 $ 40 $ (29 ) $ 11 $ 40 $ (27 ) $ 13 Customer related 10 87 (39 ) 48 88 (35 ) 53 Capitalized software development 4 11 (2 ) 9 8 (1 ) 7 Other 23 13 (1 ) 12 13 (1 ) 12 Subtotal 151 (71 ) 80 149 (64 ) 85 Indefinite-Lived: Goodwill 45 — 45 47 — 47 Total $ 196 $ (71 ) $ 125 $ 196 $ (64 ) $ 132
Schedule of Intangible Assets and Goodwill [Table Text Block]	A roll-forward of the carrying amounts of intangible assets is presented below: Definite-lived intangibles Developed Technology Customer Related Capitalized Software Development Other Goodwill Total (Dollars in Millions) December 31, 2017 $ 13 $ 53 $ 7 $ 12 $ 47 $ 132 Additions — — 3 — — 3 Foreign currency — (1 ) — — (2 ) (3 ) Amortization (2 ) (4 ) (1 ) — — (7 ) June 30, 2018 $ 11 $ 48 $ 9 $ 12 $ 45 $ 125

Other Liabilities (Tables)

Other Liabilities (Tables)	6 Months Ended
	Jun. 30, 2018
Other Liabilities [Abstract]
Other Current Liabilities [Table Text Block]	Other current liabilities are summarized as follows: June 30 December 31 2018 2017 (Dollars in Millions) Product warranty and recall accruals $ 33 $ 33 Dividends payable to non-controlling interests 29 3 Income taxes payable 19 12 Rent and royalties 16 24 Restructuring reserves 13 24 Joint venture payables 13 12 Non-income taxes payable 9 10 Deferred income 7 18 Derivative financial instruments — 1 Distribution payable — 14 Other 23 29 $ 162 $ 180
Other Noncurrent Liabilities [Table Text Block]	Other non-current liabilities are summarized as follows: June 30 December 31 2018 2017 (Dollars in Millions) Derivative financial instruments $ 22 $ 23 Product warranty and recall accruals 15 16 Deferred income 14 16 Income tax reserves 11 12 Non-income tax reserves 6 7 Other 19 21 $ 87 $ 95

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule of Debt [Table Text Block]	The Company’s short and long-term debt consists of the following: June 30 December 31 2018 2017 (Dollars in Millions) Short-Term Debt: Current portion of long-term debt $ — $ 2 Short-term borrowings 30 44 $ 30 $ 46 Long-Term Debt: Term debt facility $ 348 $ 347

Employee Retirement Benefits (T

Employee Retirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2018
Retirement Benefits [Abstract]
Schedule of Retirement Plan expenses [Table Text Block]	The Company's net periodic benefit costs for all defined benefit plans for the three month periods ended June 30, 2018 and 2017 were as follows: U.S. Plans Non-U.S. Plans 2018 2017 2018 2017 (Dollars in Millions) Costs Recognized in Income: Pension service cost: Service cost $ — $ — $ (1 ) $ (1 ) Pension financing benefit (cost): Interest cost (7 ) (7 ) (2 ) (2 ) Expected return on plan assets 10 10 3 2 Amortization of losses and other — — (1 ) (1 ) Net pension income (expense) $ 3 $ 3 $ (1 ) $ (2 ) The Company's net periodic benefit costs for all defined benefit plans for the six month periods ended June 30, 2018 and 2017 were as follows: U.S. Plans Non-U.S. Plans 2018 2017 2018 2017 (Dollars in Millions) Costs Recognized in Income: Pension service cost: Service cost $ — $ — $ (1 ) $ (1 ) Pension financing benefit (cost): Interest cost (14 ) (14 ) (4 ) (4 ) Expected return on plan assets 20 20 5 4 Amortization of losses and other — — (1 ) (1 ) Restructuring related pension cost: Special termination benefits (1 ) — — — Net pension income (expense) $ 5 $ 6 $ (1 ) $ (2 )

Stock-holders' Equity and Non-c

Stock-holders' Equity and Non-controlling Interests (Tables)	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Schedule of Stockholders Equity [Table Text Block]	Changes in equity for the three and six months ended June 30, 2018 and 2017 are as follows: 2018 2017 Visteon NCI Total Visteon NCI Total (Dollars in Millions) Three Months Ended June 30, 2018 Beginning balance $ 506 $ 109 $ 615 $ 548 $ 132 $ 680 Net income from continuing operations 36 1 37 45 3 48 Net income from discontinued operations (1 ) — (1 ) — — — Net income 35 1 36 45 3 48 Other comprehensive income (loss) Foreign currency translation adjustments (49 ) (7 ) (56 ) 21 1 22 Net investment hedge 8 — 8 (12 ) — (12 ) Benefit plans 2 — 2 (1 ) — (1 ) Unrealized hedging gain 1 — 1 (1 ) — (1 ) Total other comprehensive income (38 ) (7 ) (45 ) 7 1 8 Stock-based compensation, net 13 — 13 4 — 4 Share repurchases — — — (35 ) — (35 ) Dividends to non-controlling interests — (3 ) (3 ) — — — Ending balance $ 516 $ 100 $ 616 $ 569 $ 136 $ 705 2018 2017 Visteon NCI Total Visteon NCI Total (Dollars in Millions) Six Months Ended June 30, 2018 Beginning balance $ 637 $ 124 $ 761 $ 586 $ 138 $ 724 Net income from continuing operations 99 5 104 100 7 107 Net income from discontinued operations 1 — 1 8 — 8 Net income 100 5 105 108 7 115 Other comprehensive income (loss) Foreign currency translation adjustments (29 ) (1 ) (30 ) 40 2 42 Net investment hedge 2 — 2 (13 ) — (13 ) Benefit plans 2 — 2 (1 ) — (1 ) Unrealized hedging gain 4 — 4 3 — 3 Total other comprehensive income (21 ) (1 ) (22 ) 29 2 31 Stock-based compensation, net — — — 6 — 6 Share repurchases (200 ) — (200 ) (160 ) — (160 ) Dividends to non-controlling interests — (28 ) (28 ) — (11 ) (11 ) Ending balance $ 516 $ 100 $ 616 $ 569 $ 136 $ 705
Schedule of Non-controlling Interests [Table Text Block]	The Company's non-controlling interests are as follows: June 30 December 31 2018 2017 (Dollars in Millions) Yanfeng Visteon Automotive Electronics Co., Ltd. $ 54 $ 77 Shanghai Visteon Automotive Electronics, Co., Ltd. 43 44 Other 3 3 $ 100 $ 124
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Changes in Accumulated other comprehensive income (loss) (“AOCI”) and reclassifications out of AOCI by component include: Three Months Ended June 30 Six Months Ended 2018 2017 2018 2017 (Dollars in Millions) Changes in AOCI: Beginning balance $ (157 ) $ (211 ) $ (174 ) $ (233 ) Other comprehensive income before reclassification, net of tax (39 ) 6 (22 ) 26 Amounts reclassified from AOCI 1 1 1 3 Ending balance $ (195 ) $ (204 ) $ (195 ) $ (204 ) Changes in AOCI by Component: Foreign currency translation adjustments Beginning balance $ (80 ) $ (144 ) $ (100 ) $ (163 ) Other comprehensive income before reclassification, net of tax (a) (49 ) 21 (29 ) 40 Ending balance (129 ) (123 ) (129 ) (123 ) Net investment hedge Beginning balance (18 ) 9 (12 ) 10 Other comprehensive loss before reclassification, net of tax (a) 8 (12 ) 2 (13 ) Ending balance (10 ) (3) (10 ) (3) Benefit plans Beginning balance (63 ) (75 ) (63 ) (75) Other comprehensive income before reclassification, net of tax (a) 1 (1 ) 1 (1 ) Amounts reclassified from AOCI 1 — 1 — Ending balance (61 ) (76 ) (61 ) (76 ) Unrealized hedging (loss) gain Beginning balance 4 (1 ) 1 (5 ) Other comprehensive income before reclassification, net of tax (b) 1 (2 ) 4 — Amounts reclassified from AOCI — 1 — 3 Ending balance 5 (2 ) 5 (2 ) Total AOCI $ (195 ) $ (204 ) $ (195 ) $ (204 ) (a) Net tax expense was less than $1 million for both the three and six months ended June 30, 2018 and 2017. (b) Net tax benefit was less than $1 million related to unrealized hedging loss (gain) for the three months ended June 30, 2018 and 2017. Net tax expense of less than $1 million and $1 million are related to unrealized hedging gain for the six months ended June 30, 2018 and 2017, respectively.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The table below provides details underlying the calculations of basic and diluted earnings per share: Three Months Ended June 30 Six Months Ended 2018 2017 2018 2017 (In Millions, Except Per Share Amounts) Numerator: Net income from continuing operations attributable to Visteon $ 36 $ 45 $ 99 $ 100 Net (loss) income from discontinued operations attributable to Visteon (1 ) — 1 8 Net income attributable to Visteon $ 35 $ 45 $ 100 $ 108 Denominator: Average common stock outstanding - basic 29.6 31.5 30.1 32.1 Dilutive effect of performance based share units and other 0.3 0.5 0.3 0.5 Diluted shares 29.9 32.0 30.4 32.6 Basic and Diluted Per Share Data: Basic earnings (loss) per share attributable to Visteon: Continuing operations $ 1.22 $ 1.43 $ 3.29 $ 3.12 Discontinued operations (0.03 ) — 0.03 0.25 $ 1.19 $ 1.43 $ 3.32 $ 3.37 Diluted earnings (loss) per share attributable to Visteon: Continuing operations $ 1.20 $ 1.41 $ 3.26 $ 3.07 Discontinued operations (0.03 ) — 0.03 0.24 $ 1.17 $ 1.41 $ 3.29 $ 3.31

Fair Value Measurements and F37

Fair Value Measurements and Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]	Gains and losses on derivative financial instruments for the three and six months ended June 30, 2018 and 2017 are as follows: Recorded Income (Loss) into AOCI, net of tax Reclassified from AOCI into Income (Loss) Recorded in Income (Loss) 2018 2017 2018 2017 2018 2017 (Dollars in Millions) Three Months Ended June 30, 2018 Foreign currency risk - Sales: Cash flow hedges $ (1 ) $ — $ — $ — $ — $ — Non-designated cash flow hedges — — — — (1 ) — Foreign currency risk - Cost of sales: Cash flow hedges 1 (2 ) — (1 ) — — Non-designated cash flow hedges — — — — 1 2 Foreign currency risk - Interest expense, net: Net investment hedges 8 (12 ) — — — — Interest rate risk - Interest expense, net: Interest rate swap 1 — — (1 ) — — $ 9 $ (14 ) $ — $ (2 ) $ — $ 2 Six Months Ended June 30, 2018 Foreign currency risk - Sales: Cash flow hedges $ — $ — $ — $ — $ — $ — Non-designated cash flow hedges — — — — — — Foreign currency risk - Cost of sales: Cash flow hedges 2 — — (3 ) — — Non-designated cash flow hedges — — — — 1 3 Foreign currency risk - Interest expense, net: Net investment hedges 2 (13 ) — — — — Interest rate risk - Interest expense, net: Interest rate swap 2 — — (1 ) — — $ 6 $ (13 ) $ — $ (4 ) $ 1 $ 3

Commitments and Contingencies C

Commitments and Contingencies Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2018
Loss Contingencies [Line Items]
Schedule of Product Warranty Liability [Table Text Block]	The following table provides a reconciliation of changes in the product warranty and recall claims liability: Six Months Ended June 30 2018 2017 (Dollars in Millions) Beginning balance $ 49 $ 55 Accruals for products shipped 9 10 Changes in estimates (2 ) 2 Specific cause actions 3 — Recoverable warranty/recalls 2 — Foreign currency (1 ) 2 Settlements (12 ) (19 ) Ending balance $ 48 $ 50

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018
Revenue by region and product [Abstract]
Revenue from External Customers by Geographic Areas [Table Text Block]		Disaggregated revenue by geographical market and product lines is as follows: Three Months Ended June 30 Six Months Ended June 30 2018 2018 (Dollars in Millions) Geographical Markets (a) Asia $ 302 $ 624 Europe 261 536 Americas 205 432 Hedging impacts and eliminations (10 ) (20 ) $ 758 $ 1,572 (a) Company sales based on geographic region where sale originates and not where customer is located.
Revenue from External Customers by Products and Services [Table Text Block]	Three Months Ended June 30 Six Months Ended June 30 2018 2018 (Dollars in Millions) Product Lines Instrument clusters $ 307 $ 633 Audio and infotainment 194 402 Information displays 126 266 Climate controls 32 71 Body and security 30 61 Telematics 16 34 Other (includes HUD) 54 105 Hedging impacts (1 ) — $ 758 $ 1,572

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting Information [Line Items]
Reconciliation of Adjusted EBITDA to Net Income Attributable to the Company [Table Text Block]	The reconciliation of Adjusted EBITDA to net income attributable to Visteon is as follows: Three Months Ended Six Months Ended 2018 2017 2018 2017 (Dollars in Millions) Adjusted EBITDA $ 81 $ 84 $ 185 185 Depreciation and amortization (23 ) (22 ) (45 ) (41 ) Restructuring expense (5 ) (3 ) (10 ) (4 ) Interest expense, net (2 ) (4 ) (4 ) (9 ) Equity in net income of non-consolidated affiliates 4 3 7 5 Provision for income taxes (12 ) (10 ) (33 ) (26 ) (Loss) income from discontinued operations, net of tax (1 ) — 1 8 Net income attributable to non-controlling interests (1 ) (3 ) (5 ) (7 ) Non-cash, stock-based compensation expense (6 ) (4 ) — (6 ) Other — 4 4 3 Net income attributable to Visteon Corporation $ 35 $ 45 $ 100 $ 108

Description of Business (Detail

Description of Business (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)
Entity Number of Employees	10,000		10,000
HVCC [Member]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax	$ 0	$ 0	$ (3)	$ (7)

Summary of Significant Accoun42

Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Increase (Decrease) Operating Activity				$ (1)
Equity Method Investment, Ownership Percentage					50.00%
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 88		$ 88		$ 100
Transformation Costs	0	$ 0	4	0
Pension Financing Benefits, net	3	2	6	5
Gain (Loss) on Sale of Assets and Asset Impairment Charges	0	3	0	2
Other expense, net	3	5	10	7
Restricted cash	3		3		3
Equity in net income of (loss) non-consolidated affiliates	(4)	(3)	(7)	(5)
Investments in non-consolidated affiliates	48		48		41
Guarantor Obligations, Current Carrying Value	12		12		15
Proceeds from Sale of Investment Projects				3
Gain on Sale of Investments		(1)		3
Increase (Decrease) in Financing Activity				1
Increase to cost of sales		1		3
Increase to selling, general and administrative expenses		1		2
Increases (decrease) in other income		2		$ 5
Cash Collateral for Letter of Credit Facility [Member]
Restricted cash	2		2
Cash Collateral For Other Corporate Purposes [Member]
Restricted cash	$ 1		$ 1
Cost-method Investments [Member]
Proceeds from Sale of Investment Projects		3
YFVIC [Member]
Equity Method Investment, Ownership Percentage	50.00%		50.00%
Due to Related Parties, Noncurrent	$ 13		$ 13		12
Due from Related Parties, Current	22		22		35
Due from Related Parties, Noncurrent	20		20		22
Yanfeng Visteon Electronics (China) Investment Company [Member]
Investments in non-consolidated affiliates	$ 34		$ 34		$ 28
Equity Method Investments [Member]
Proceeds from Sale of Investment Projects		$ 7

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
restructuring charges, net of reversal, including discontinued operations	$ 0	$ 0	$ (1)	$ 0
Payments to Acquire Businesses and Interest in Affiliates			0	47
Income Tax Expense (Benefit)	12	10	33	26
Provision for income taxes	0	0	0	1
(Loss) income from discontinued operations, net of tax	(1)	0	1	8
Gain on repurchase of India operations			0	7
HVCC [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax	0	0	3	7
Selling, General and Administrative Expenses [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax	$ (1)	$ 0	$ (1)	$ 0

Non-Consolidated Affiliates (De

Non-Consolidated Affiliates (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Equity Method Investment, Ownership Percentage					50.00%
Payments for (Proceeds from) Investments				$ 3
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	$ 48		$ 48		$ 41
Guarantor Obligations, Current Carrying Value	12		12		15
Loss Contingency, Estimate of Possible Loss	88		88		100
Cost-method Investments, Realized Gains		$ (1)		3
Equity in net income of (loss) non-consolidated affiliates	$ 4	3	$ 7	$ 5
YFVIC [Member]
Equity Method Investment, Ownership Percentage	50.00%		50.00%
Due to Related Parties, Noncurrent	$ 13		$ 13		12
Due from Related Parties, Current	22		22		35
Due from Related Parties, Noncurrent	$ 20		$ 20		22
YFVE [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	49.00%		49.00%
Yanfeng Visteon Electronics (China) Investment Company [Member]
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	$ 34		$ 34		$ 28
Equity Method Investments [Member]
Payments for (Proceeds from) Investments		7
Cost-method Investments [Member]
Payments for (Proceeds from) Investments		$ 3

Restructuring Activities (Detai

Restructuring Activities (Details) $ in Millions	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Foreign Currency Translation Gain (Loss)	$ (1)
Restructuring Charges	5	$ 6
Restructuring charges, including discontinued operations	0		$ 0	$ (1)	$ 0
Restructuring charges, net of reversals	5		$ 3	10	4
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Current, Beginning Balance	18	24		24
Utilization	(9)	(12)
Restructuring Reserve, Current, Ending Balance	13	18		13
2018 South America Legacy [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net of reversals	3
North America Manufacturing [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net of reversals	2
2016 Engineering & SGA [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges				45
Restructuring charges, net of reversals	1			5
Restructuring and Related Cost, Number of Positions Eliminated						250
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Current, Ending Balance	5			5
2016 Other Restructuring Program [Member] [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges				1
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Current, Ending Balance	3			3
Electronics [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Foreign Currency Translation Gain (Loss)	(1)
Restructuring Charges	5	5
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Current, Beginning Balance	11	18		18
Utilization	(5)	(12)
Restructuring Reserve, Current, Ending Balance	10	11		10
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve, Foreign Currency Translation Gain (Loss)	0
Restructuring Charges	0
Restructuring charges, including discontinued operations		1
Restructuring Reserve [Roll Forward]
Restructuring Reserve, Current, Beginning Balance	7	6		6
Utilization	(4)	0
Restructuring Reserve, Current, Ending Balance	3	$ 7		$ 3
restructuring charges, net of reversal, including discontinued operations [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges, net of reversals	$ 5				$ 11

Inventories (Details)

Inventories (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Inventory, Raw Materials, Net of Reserves	$ 130	$ 127
Inventory, Work in Process, Net of Reserves	35	31
Inventories, net	197	189
Inventory, Finished Goods, Net of Reserves	$ 32	$ 31

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	$ 14
Recoverable Taxes	58	$ 56
Prepaid assets and deposits	40	36
Joint venture receivables	31	43
Nontrade Receivables, Current	12	23
Contractual engineering cost recoveries, current	27	14
Hedging Assets, Current	1	1
Other Assets, Miscellaneous, Current	4	2
Other Assets, Current	173	175
Deferred tax assets	44	46
Recoverable taxes, non current	32	35
Contractual engineering cost recoveries, non-current	39	24
Notes Receivable, Related Parties, Noncurrent	18	22
Nontrade Receivables, Noncurrent	10	10
Other	12	14
Other Assets, Noncurrent	155	$ 151
Reimbursement of Engineering costs in current year	16
Reimbursement of Engineering costs in following year	42
Reimbursement for engineering costs expected in year two	2
Reimbursement for engineering costs expected in year three	2
Reimbursement for engineering costs expected in year four	4
Financing Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Notes, Loans and Financing Receivable, Gross, Current	$ 5

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018	Jun. 30, 2017	Sep. 30, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets [Line Items]
Intangible Assets Including Goodwill Translation Adjustment		$ (3)
Definite-Lived Intangible Assets [Abstract]
Finite-Lived Intangible Assets, Gross	$ 151	151			$ 149
Goodwill, Acquired During Period		0
Finite-Lived Intangible Assets, Accumulated Amortization	(71)	(71)			(64)
Net Carrying Value	80	80			85
Goodwill					47
Goodwill and Indefinite-lived Intangible Assets, Net	45	45			47
Goodwill and indefinite-lived intangible assets [Abstract]
Goodwill, Gross	45	45			47
Intangible Assets, Gross (Including Goodwill)	196	196			196
Intangible Assets Net Including Goodwill	125	125			132
Finite-lived Intangible Assets Acquired		3
Amortization expense		(7)	$ (3)
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	16	16
Finite-Lived Intangible Assets, Amortization Expense, Year Two	16	16
Finite-Lived Intangible Assets, Amortization Expense, Year Three	13	13
Finite-Lived Intangible Assets, Amortization Expense, Year Four	11	11
Finite-Lived Intangible Assets, Amortization Expense, Year Five	11	11
Other Finite-Lived Intangible Assets, Gross	$ 0	$ 0			2
In Process Research and Development [Member]
Definite-Lived Intangible Assets [Abstract]
Finite-Lived Intangible Asset, Useful Life	36 months
Developed Technology Rights [Member]
Definite-Lived Intangible Assets [Abstract]
Finite-Lived Intangible Asset, Useful Life		8 years
Finite-Lived Intangible Assets, Gross	$ 40	$ 40			40
Finite-Lived Intangible Assets, Accumulated Amortization	(29)	(29)			(27)
Net Carrying Value	11	11			13
Goodwill and indefinite-lived intangible assets [Abstract]
Finite-lived Intangible Assets Acquired		0
Amortization expense		(2)
Finite Lived Intangible Assets, Foreign Currency Translation Gain (Loss)		$ 0
Customer Relationships [Member]
Definite-Lived Intangible Assets [Abstract]
Finite-Lived Intangible Asset, Useful Life		10 years
Finite-Lived Intangible Assets, Gross	87	$ 87			88
Finite-Lived Intangible Assets, Accumulated Amortization	(39)	(39)			(35)
Net Carrying Value	48	48			53
Goodwill and indefinite-lived intangible assets [Abstract]
Finite-lived Intangible Assets Acquired		0
Amortization expense		(4)
Finite Lived Intangible Assets, Foreign Currency Translation Gain (Loss)		$ (1)
Software and Software Development Costs [Member]
Definite-Lived Intangible Assets [Abstract]
Finite-Lived Intangible Asset, Useful Life		4 years
Finite-Lived Intangible Assets, Gross	11	$ 11			8
Finite-Lived Intangible Assets, Accumulated Amortization	(2)	(2)			(1)
Net Carrying Value	9	9			7
Goodwill and indefinite-lived intangible assets [Abstract]
Capitalized Software Development Costs for Software Sold to Customers	3	3
Amortization expense		(1)
Finite Lived Intangible Assets, Foreign Currency Translation Gain (Loss)		$ 0
Other [Member]
Definite-Lived Intangible Assets [Abstract]
Finite-Lived Intangible Asset, Useful Life		23 years
Finite-Lived Intangible Assets, Gross	13	$ 13			13
Finite-Lived Intangible Assets, Accumulated Amortization	(1)	(1)			(1)
Net Carrying Value	12	12			12
Goodwill and indefinite-lived intangible assets [Abstract]
Amortization expense		0
Finite Lived Intangible Assets, Foreign Currency Translation Gain (Loss)		0
Goodwill [Member]
Definite-Lived Intangible Assets [Abstract]
Finite-Lived Intangible Assets, Accumulated Amortization	$ 0	0			$ 0
Goodwill [Member]
Goodwill and indefinite-lived intangible assets [Abstract]
Amortization expense		0
Goodwill, Foreign Currency Translation Gain (Loss)		$ (2)
Scenario, Forecast [Member]
Goodwill and indefinite-lived intangible assets [Abstract]
Other Finite-Lived Intangible Assets, Gross				$ 2

Other Liabilities (Details)

Other Liabilities (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2015
Other Liabilities [Abstract]
Product warranty and recall accruals	$ 33			$ 33
Dividends Payable, Current	29			3
Income taxes payable	19			12
Rent and royalties	16			24
Restructuring Reserve	13			24
Deferred income	7			18
Joint venture payables	13			12
Non-income taxes payable	9			10
Foreign currency hedges	0			1
Distribution Payable	0			14
Other	23			29
Other Liabilities, Current	162			180
Dividends Payable					$ 1,750
Payments of Capital Distribution	$ 14	$ 1	$ 1,740
Dividends Payable, Date to be Paid	Jan. 22, 2016
Hedging Liabilities, Noncurrent	$ 22			23
Product warranty and recall accruals	15			16
Deferred income	14			16
Income tax reserves	11			12
Non-income tax reserves	6			7
Other	19			21
Other Liabilities, Noncurrent	$ 87			$ 95

Debt (Details)

Debt (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Short-term debt [Abstract]
Current portion of long-term debt		$ 2
Other - short-term	$ 30	44
Short-term debt	30	46
Long-term debt
Long-term debt	$ 348	347
Line of Credit Facility, Interest Rate Description	0.0175
Amended LOC Agreement Facility Capacity	$ 5
LOC Collateral Percentage for draws in the U.S. dollars	103.00%
Letters of Credit Outstanding, Amount	$ 2
Debt Instrument, Collateral	1
LOC Facility issued by local affiliates [Member]
Long-term debt
Letters of Credit Outstanding, Amount	$ 16
Revolving Credit Facility [Member]
Long-term debt
Debt Instrument, face amount		300
Term Loan [Member]
Long-term debt
Unsecured long-term debt, non-current	348	$ 347
Debt Instrument, face amount	$ 350
Term loan, required periodic payment	0.0175
Affiliated Entity [Member]
Long-term debt
Line of Credit Facility, Capacity Available for Trade Purchases	$ 27
Revolving Credit Facility [Member]
Long-term debt
Line of Credit Facility, Maximum Borrowing Capacity	75
borrowing capacity under swing line advances	$ 20
Maximum [Member]
Long-term debt
Line of Credit Facility, Interest Rate Description	0.0225
Debt Instrument, Covenant Description	3
Minimum [Member]
Long-term debt
Line of Credit Facility, Interest Rate Description	0.0125
Debt Instrument, Covenant Description	1
Domestic rate [Member]
Long-term debt
Line of Credit Facility, Interest Rate Description	0.0075

Benefit Expenses (Details)

Benefit Expenses (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2018
Scenario, Forecast [Member]
Benefit Expenses
Defined Benefit Plan, Expected Future Employer Contributions, Remainder of Fiscal Year					$ 7
Foreign Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Service Cost	$ (1)	$ (1)	$ (1)	$ (1)
Benefit Expenses
Interest cost	(2)	(2)	(4)	(4)
Expected return on plan assets	3	2	5	4
Net pension (income) expense	(1)	(2)	(1)	(2)
Defined Benefit Plan, Plan Assets, Contributions by Employer			3
Defined Benefit Plan, Amortization of Gain (Loss)	(1)	(1)	(1)	(1)
Defined Benefit Plan, Benefit Obligation, Special and Contractual Termination Benefits			0	0
Domestic Plan [Member]
Benefit Expenses
Interest cost	(7)	(7)	(14)	(14)
Expected return on plan assets	10	10	20	20
Net pension (income) expense	$ 3	$ 3	5	$ 6
Defined Benefit Plan, Plan Assets, Contributions by Employer			1
Defined Benefit Plan, Benefit Obligation, Special and Contractual Termination Benefits			$ (1)

Provision For Income Taxes (Det

Provision For Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Provision for income taxes	$ (12)	$ (10)	$ (33)	$ (26)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	49	$ 58	$ 137	133
Effective Income Tax Rate Reconciliation, Percent			21.00%		35.00%
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount			$ 4	4
Unrecognized Tax Benefits	$ 18		18		$ 18
Jurisdictions where valuation allowances are maintained [Member]
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest			$ (8)	$ (9)

Unrecognized Tax Benefits (Deta

Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2013	Dec. 31, 2017
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 11			$ 9
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued	2			3
Reconciiation of Unrecognized Tax Benefits [Abstract]
Unrecognized Tax Benefits	18			$ 18
Liability for Uncertain Tax Positions, Noncurrent	11
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount	4	$ 4
Visteon Sistemas Automotivos [Member]
Reconciiation of Unrecognized Tax Benefits [Abstract]
Tax audit appeals payment	14		$ 15
Worldwide [Member]
Reconciiation of Unrecognized Tax Benefits [Abstract]
Tax Adjustments, Settlements, and Unusual Provisions	2
Tax audit appeals and refund claims receivable	$ 17

Stockholders' Equity and Non-54

Stockholders' Equity and Non-controlling Interests (Details) - USD ($) $ / shares in Units, $ in Millions	Mar. 19, 2018	Mar. 06, 2018	Jan. 02, 2018	Sep. 30, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Sep. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) from continuing operations					$ 37	$ 48	$ 104	$ 107
(Loss) income from discontinued operations, net of tax					(1)	0	1	8
Net income (loss)					36	48	105	115
Other comprehensive income (loss)
Foreign currency translation adjustments					(56)	22	(30)	42
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax					(39)	6	(22)	26
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax					2	(1)	2	(1)
Unrealized hedging (loss) gain					1	(1)	4	3
Other Comprehensive Income (Loss), Net of Tax					(45)	8	(22)	31
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition					13	4	0	6
Share repurchase					0	(35)	(200)	(160)
Dividends to non-controlling interests					(3)	0	(28)	(11)
Stockholders' equity ending balance					616	705	616	705		$ 615	$ 761	$ 680	$ 724
Stock-based compensation, net					6
Decrease to selling, general and administrative expenses							10
Transformation Costs					$ 0	0	4	0
Payments for Repurchase of Common Stock						125	200	160
Treasury Stock Acquired, Repurchase Authorization					500
Stock Repurchase Program, Authorized Amount					$ 25	400	25	400
Non-controlling interests					100		100				124
Accumulated other comprehensive income (loss)					(195)	(204)	(195)	(204)		(157)	(174)	(211)	(233)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax					1	1	1	3
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax					1	1
Income Tax Expense (Benefit)					1	1	1	1
Accelerated Share Repurchase, Aggregate Purchase Price					150
Stock Repurchase Program, Remaining Authorized Repurchase Amount					$ 700		700
accelerated share repurchase, initial stock delivery					988,386
Accelerated Share Repurchases, Initial Price Paid Per Share					$ 121.41
YFVE [Member]
Other comprehensive income (loss)
Non-controlling interests					$ 54		54				77
SVAE - Shanghai Electronics [Member]
Other comprehensive income (loss)
Non-controlling interests					43		43				44
Other Entity [Member]
Other comprehensive income (loss)
Non-controlling interests					3		3				3
Parent [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) from continuing operations					36	45	99	100
(Loss) income from discontinued operations, net of tax					(1)	0	1	8
Net income (loss)					35	45	100	108
Other comprehensive income (loss)
Foreign currency translation adjustments					(49)	21	(29)	40
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax					2	(1)	2	(1)
Unrealized hedging (loss) gain					1	(1)	4	3
Other Comprehensive Income (Loss), Net of Tax					(38)	7	(21)	29
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition					13	4	0	6
Share repurchase					0	35	200	160
Dividends to non-controlling interests					0	0	0	0
Stockholders' equity ending balance					516	569	516	569		506	637	548	586
Noncontrolling Interest [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss) from continuing operations					1	3	5	7
(Loss) income from discontinued operations, net of tax					0	0	0	0
Net income (loss)					1	3	5	7
Other comprehensive income (loss)
Foreign currency translation adjustments					(7)	1	(1)	2
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax					0	0	0	0
Unrealized hedging (loss) gain					0	0	0	0
Other Comprehensive Income (Loss), Net of Tax					(7)	1	(1)	2
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition					0	0	0	0
Share repurchase					0	0	0	0
Dividends to non-controlling interests					(3)	0	(28)	(11)
Stockholders' equity ending balance					100	136	100	136		109	124	132	138
Accumulated Translation Adjustment [Member]
Other comprehensive income (loss)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax					(49)	21	(29)	40
Accumulated other comprehensive income (loss)					(129)	(123)	(129)	(123)		(80)	(100)	(144)	(163)
Accumulated Defined Benefit Plans Adjustment [Member]
Other comprehensive income (loss)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax					1	(1)	1	(1)
Accumulated other comprehensive income (loss)					(61)	(76)	(61)	(76)		(63)	(63)	(75)	(75)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax					1	0	1	0
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Other comprehensive income (loss)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax					1	(2)	4	0
Accumulated other comprehensive income (loss)					5	(2)	5	(2)		4	1	(1)	(5)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax					0	1	0	3
HVCC [Member]
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax					0	0	3	7
Cross Currency Interest Rate Contract [Member]
Other comprehensive income (loss)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax					8	(12)	2	(13)
Cross Currency Interest Rate Contract [Member] | Parent [Member]
Other comprehensive income (loss)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax					8	(12)	2	(13)
Cross Currency Interest Rate Contract [Member] | Noncontrolling Interest [Member]
Other comprehensive income (loss)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax					0	0	0	0
Cross Currency Interest Rate Contract [Member] | Accumulated Translation Adjustment [Member]
Other comprehensive income (loss)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax					8	(12)	2	(13)
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax					(10)	$ (3)	(10)	$ (3)		$ (18)	$ (12)	$ 9	$ 10
Repurchase Agreements [Member]
Other comprehensive income (loss)
Stock Repurchase Program, Remaining Authorized Repurchase Amount					500		$ 500
Share Repurchase-Third Party Financial Institutions [Member]
Other comprehensive income (loss)
Payments for Repurchase of Common Stock					12
10b5-1 Share Repurchase Program [Member]
Other comprehensive income (loss)
Payments for Repurchase of Common Stock		$ 25	$ 13
Stock Repurchased During Period, Shares	204,775		109,190			1,300,366
Treasury Stock Acquired, Average Cost Per Share		$ 122.08	$ 120.41			$ 96.13
Open Market Share Repurchase Program [Member]
Other comprehensive income (loss)
Payments for Repurchase of Common Stock					$ 200	$ 75
Stock Repurchased During Period, Shares					96,360	677,778
Treasury Stock Acquired, Average Cost Per Share						$ 110.63	$ 122.99
Subsequent Event [Member]
Other comprehensive income (loss)
Stock Repurchased During Period, Shares				229,986
accelerated share repurchase, initial stock delivery									1,218,372
Accelerated Share Repurchases, Initial Price Paid Per Share									$ 123.12

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Earnings Per Share, Diluted, by Common Class [Line Items]
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	$ (1)	$ 0	$ 1	$ 8
Numerator:
Net income (loss) from continuing operations attributable to Visteon	36	45	99	100
Net income (loss) attributable to Visteon	$ 35	$ 45	$ 100	$ 108
Denominator:
Average common stock outstanding - basic	29.6	31.5	30.1	32.1
Dilutive effect of warrants and PSUs	0.3	0.5	0.3	0.5
Diluted shares	29.9	32	30.4	32.6
Basic earnings (loss) per share
Continuing operations	$ 1.22	$ 1.43	$ 3.29	$ 3.12
Discontinued operations	(0.03)	0	0.03	0.25
Basic	1.19	1.43	3.32	3.37
Diluted earnings (loss) per share
Continuing operations	1.20	1.41	3.26	3.07
Discontinued operations	(0.03)	0	0.03	0.24
Diluted	$ 1.17	$ 1.41	$ 3.29	$ 3.31

Derivatives (Details)

Derivatives (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	May 30, 2018	Dec. 31, 2017
Derivative [Line Items]
Debt Instrument, Fair Value Disclosure	$ 380		$ 380			$ 401
Derivative, Cash Received on Hedge			4
Derivative, Excluded Component, Gain (Loss), Recognized in Earnings			3
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred			1
Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative, Notional Amount	111		111			119
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	9	$ (14)	6	$ (13)
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net		2	1	3
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net		(2)	0	(4)
Swap [Member]
Derivative [Line Items]
Derivative, Notional Amount						150
Currency Swap [Member]
Derivative [Line Items]
Derivative, Fair Value, Net						(23)
Interest Rate Swap [Member]
Derivative [Line Items]
Derivative, Notional Amount	200		200			150
Not Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	0	0	0	0
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	0	0	0	0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative, Notional Amount	90		90
Designated as Hedging Instrument [Member] | Derivative Financial Instruments, Assets [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative, Fair Value, Net	1		1
Designated as Hedging Instrument [Member] | Liability [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative, Fair Value, Net						(2)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	1	(2)	2	0
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net			0	0
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net		1	0	(3)
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	1	0	2	0
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	0	0	0	0
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	0	1	0	(1)
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimated Net Amount to be Transferred			1
Derivative Liability	1		1			$ 1
Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	8	(12)	2	(13)
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net			0	0
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net			0	0
Derivative, Fair Value, Net	(22)		(22)
Sales [Member] | Not Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	0	0	0	0
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	(1)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	0	0	0	0
Sales [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(1)
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	0	0	0	0
Cost of Sales [Member] | Not Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	1	2	$ 1	$ 3
Cost of Sales [Member] | Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	0	0
Cost of Sales [Member] | Designated as Hedging Instrument [Member] | Net Investment Hedging [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	$ 0	$ 0
Currency Swap [Member]
Derivative [Line Items]
Derivative, Notional Amount					$ 200
Currency Swap [Member] | Currency Swap [Member]
Derivative [Line Items]
Derivative, Notional Amount					$ 50

Derivatives Balance Sheet Locat

Derivatives Balance Sheet Location (Details) - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Foreign Exchange Contract [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 111	$ 119
Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	200	$ 150
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	90
Net Investment Hedging [Member] | Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivatives, Fair Value [Line Items]
Derivative, Fair Value, Net	$ (22)

Derivatives Income Statement Lo

Derivatives Income Statement Location (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ 9	$ (14)	$ 6	$ (13)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net		(2)	0	(4)
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net		2	1	3
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	1	(2)	2	0
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net		1	0	(3)
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net			0	0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	8	(12)	2	(13)
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net			0	0
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net			0	0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Cost of Sales [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	0	0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Cost of Sales [Member] | Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	0	0
Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Sales [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	(1)
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	0	0	0	0
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	1	0	2	0
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	0	1	0	(1)
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	0	0	0	0
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	0	0	0	0
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	0	0	0	0
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Cost of Sales [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	1	2	1	3
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Sales [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	0	0	0	0
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	0	$ 0	$ 0	$ 0
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net	$ (1)

Credit Risk (Details)

Credit Risk (Details) - Accounts Receivable [Member] - Credit Concentration Risk [Member]	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2016
Ford And Affiliates [Member]
Concentration Risk [Line Items]
Entity-wide revenue, major customer, percentage	25.00%	28.00%
Mazda [Member]
Concentration Risk [Line Items]
Entity-wide revenue, major customer, percentage	18.00%	17.00%
Nissan\Renault [Member]
Concentration Risk [Line Items]
Entity-wide revenue, major customer, percentage	13.00%	14.00%

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Mar. 31, 2014	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2013	Dec. 31, 2003	Dec. 31, 2017
Loss Contingencies [Line Items]
Amount of Bonds Issued by the Charter Township of Van Buren, Michigan							$ 28
Increase in pre-tax income				$ 17
Decrease to selling, general and administrative expenses				10
Other Income		$ 2			$ 5
Transformation Costs	$ 0	0		4	0
Loss Contingency, Estimate of Possible Loss	88			88				$ 100
Equity Method Investment, Ownership Percentage								50.00%
Movement in Standard Product Warranty Accrual [Roll Forward]
Product Warranty Accrual, Beginning Balance				49	55
Standard and Extended Product Warranty Accrual, Period Increase (Decrease)				9	10
Standard and Extended Product Warranty Accrual, Increase (Decrease) for Preexisting Warranties				(2)	2
Product warranty accrual, specific action increase (decrease)				3
Standard and Extended Product Warranty Accrual, Foreign Currency Translation Gain (Loss)				(1)	2
Standard and Extended Product Warranty Accrual, Decrease for Payments				12	19
Product Warranty Accrual, Ending Balance	48	$ 50		48	$ 50
Interiors [Member]
Loss Contingencies [Line Items]
Guarantee for Divested Entities Lease Payments	3			3
HVCC [Member]
Loss Contingencies [Line Items]
Guarantee for Divested Entities Lease Payments	5			5
Minimum [Member]
Loss Contingencies [Line Items]
Estimated Shortfall in Tax Revenues of the Township						$ 25
Maximum [Member]
Loss Contingencies [Line Items]
Estimated Shortfall in Tax Revenues of the Township						$ 36
IRAN, ISLAMIC REPUBLIC OF | Certain HVCC subsidiaries in China [Member]
Loss Contingencies [Line Items]
Revenue from Contract with Customer, Including Assessed Tax			$ 12
Pending Litigation [Member] | BRAZIL | Affiliated Entity [Member]
Loss Contingencies [Line Items]
Loss Contingency Accrual, at Carrying Value	15			15
Loss Contingency, Estimate of Possible Loss	117			117
Pending Litigation [Member] | ARGENTINA | Affiliated Entity [Member]
Loss Contingencies [Line Items]
Loss Contingency Accrual, at Carrying Value	3			3
Loss Contingency, Estimate of Possible Loss	3			3
Recoverable Warranty [Member]
Movement in Standard Product Warranty Accrual [Roll Forward]
Product Warranty Accrual, Beginning Balance				0
Product Warranty Accrual, Ending Balance	$ 2			$ 2

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
net changes in transaction price [Line Items]
Disclosure on Geographic Areas, Description of Revenue from External Customers	$ 758	$ 774	$ 1,572	$ 1,584
Net changes in transaction price	3		11
hedging impact and eliminations	(10)		(20)
Asia [Member]
net changes in transaction price [Line Items]
Disclosure on Geographic Areas, Description of Revenue from External Customers	302		624
Europe [Member]
net changes in transaction price [Line Items]
Disclosure on Geographic Areas, Description of Revenue from External Customers	261		536
Americas [Member]
net changes in transaction price [Line Items]
Disclosure on Geographic Areas, Description of Revenue from External Customers	205		432
All Countries [Domain]
net changes in transaction price [Line Items]
Disclosure on Geographic Areas, Description of Revenue from External Customers	758		1,572
Instrument cluster [Member]
net changes in transaction price [Line Items]
Disclosure on Geographic Areas, Description of Revenue from External Customers	307		633
Audio and infotainment [Member]
net changes in transaction price [Line Items]
Disclosure on Geographic Areas, Description of Revenue from External Customers	194		402
Information displays [Member]
net changes in transaction price [Line Items]
Disclosure on Geographic Areas, Description of Revenue from External Customers	126		266
Hedging impacts	(1)		0
Climate controls [Member]
net changes in transaction price [Line Items]
Disclosure on Geographic Areas, Description of Revenue from External Customers	32		71
Body and security [Member]
net changes in transaction price [Line Items]
Disclosure on Geographic Areas, Description of Revenue from External Customers	30		61
Telematics [Member]
net changes in transaction price [Line Items]
Disclosure on Geographic Areas, Description of Revenue from External Customers	16		34
Other (includes HUD) [Member]
net changes in transaction price [Line Items]
Disclosure on Geographic Areas, Description of Revenue from External Customers	$ 54		$ 105

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Segment Reporting [Abstract]
Revenues	$ 758		$ 774	$ 1,572	$ 1,584
Adjusted EBITDA for Total Company	81		84	185	185
Depreciation and Amortization Expenses for Continuing Operations	(23)		(22)	(45)	(41)
Restructuring charges, net of reversals	(5)		(3)	(10)	(4)
Interest expense, net	2		4	4	9
Equity in net income of (loss) non-consolidated affiliates	(4)		(3)	(7)	(5)
Other expense, net	(3)		(5)	(10)	(7)
Provision for income taxes	(12)		(10)	(33)	(26)
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent	(1)		0	1	8
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	1		0	(1)	(8)
Net income attributable to non-controlling interests	1		3	5	7
Share-based Compensation	(6)		(4)	0	(6)
Other Nonoperating Expense	0		4	4	3
Net income (loss) attributable to Visteon Corporation	35		$ 45	100	$ 108
Assets	2,036			$ 2,036		$ 2,304
Restructuring Charges	$ 5	$ 6