Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 08, 2013 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Entity Registrant Name | 'Affinia Group Intermediate Holdings Inc. | ' |
Entity Central Index Key | '0001328655 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Non-accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 1,000 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Income Statement [Abstract] | ' | ' | ' | ' |
Net sales | $401 | $375 | $1,170 | $1,112 |
Cost of sales | -308 | -287 | -900 | -858 |
Gross profit | 93 | 88 | 270 | 254 |
Selling, general and administrative expenses | -57 | -50 | -161 | -148 |
Operating profit | 36 | 38 | 109 | 106 |
Loss on extinguishment of debt | ' | ' | -15 | -1 |
Other income (loss), net | -1 | 2 | -3 | 2 |
Interest expense | -15 | -16 | -58 | -48 |
Income from continuing operations before income tax provision, equity in income (loss), net of tax and noncontrolling interest | 20 | 24 | 33 | 59 |
Income tax provision | -9 | -10 | -16 | -24 |
Equity in income (loss), net of tax | -2 | 1 | -2 | 1 |
Net income from continuing operations | 9 | 15 | 15 | 36 |
Loss from discontinued operations, net of tax | ' | -10 | -1 | -57 |
Net income (loss) | 9 | 5 | 14 | -21 |
Less: net income attributable to noncontrolling interest, net of tax | ' | 1 | ' | 1 |
Net income (loss) attributable to the Company | $9 | $4 | $14 | ($22) |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Comprehensive Income (Loss) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net income (loss) | $9 | $5 | $14 | ($21) |
Other comprehensive income (loss), net of tax: | ' | ' | ' | ' |
Interest rate swap, net of tax | -1 | ' | 5 | ' |
Change in foreign currency translation adjustments | 2 | 11 | -15 | ' |
Net current period other comprehensive income (loss) | 1 | 11 | -10 | ' |
Total comprehensive income (loss) | 10 | 16 | 4 | -21 |
Less: comprehensive income attributable to noncontrolling interest, net of tax | ' | 1 | ' | 1 |
Comprehensive income (loss) attributable to the Company | $10 | $15 | $4 | ($22) |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Assets | ' | ' |
Cash and cash equivalents | $86 | $51 |
Trade accounts receivable, less allowances of $3 million for 2012 and $4 million for 2013 | 182 | 163 |
Inventories, net | 302 | 304 |
Current deferred taxes | 23 | 13 |
Prepaid taxes | 30 | 30 |
Other current assets | 41 | 22 |
Total current assets | 664 | 583 |
Property, plant, and equipment, net | 124 | 119 |
Goodwill | 25 | 24 |
Other intangible assets, net | 85 | 88 |
Deferred financing costs | 19 | 15 |
Deferred income taxes | 97 | 106 |
Investments and other assets | 21 | 25 |
Total assets | 1,035 | 960 |
Liabilities and shareholder's equity (deficit) | ' | ' |
Accounts payable | 166 | 143 |
Notes payable | 22 | 23 |
Other accrued expenses | 92 | 68 |
Accrued payroll and employee benefits | 21 | 17 |
Total current liabilities | 301 | 251 |
Long-term debt | 916 | 546 |
Deferred employee benefits and other noncurrent liabilities | 14 | 12 |
Total liabilities | 1,231 | 809 |
Contingencies and commitments | ' | ' |
Shareholder's equity (deficit): | ' | ' |
Common stock, $.01 par value, 1,000 shares authorized, issued and outstanding | ' | ' |
Additional paid-in capital | 456 | 455 |
Accumulated deficit | -634 | -296 |
Accumulated other comprehensive loss | -19 | -9 |
Total shareholder's equity (deficit) of the Company | -197 | 150 |
Noncontrolling interest in consolidated subsidiaries | 1 | 1 |
Total shareholder's equity (deficit) | -196 | 151 |
Total liabilities and shareholder's equity (deficit) | $1,035 | $960 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, except Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Trade accounts receivable, allowances | $4 | $3 |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 1,000 | 1,000 |
Common stock, shares issued | 1,000 | 1,000 |
Common stock, shares outstanding | 1,000 | 1,000 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Operating activities | ' | ' |
Net income (loss) | $14 | ($21) |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 17 | 17 |
Impairment of assets | ' | 88 |
Stock-based compensation | 1 | ' |
Loss on extinguishment of debt | 15 | 1 |
Write-off of unamortized deferred financing costs | 8 | ' |
Write-off of original issue discount on Subordinated Notes | 1 | ' |
Provision for deferred income taxes | 9 | -37 |
Change in trade accounts receivable | -24 | -8 |
Change in inventories | -6 | -13 |
Change in other current operating assets | -33 | -2 |
Change in other current operating liabilities | 51 | 50 |
Change in other | 16 | 13 |
Net cash provided by operating activities | 69 | 88 |
Investing activities | ' | ' |
Proceeds from sales of assets | ' | 4 |
Investment in companies, net of cash acquired | -1 | ' |
Change in restricted cash | ' | 1 |
Additions to property, plant and equipment | -18 | -19 |
Net cash used in investing activities | -19 | -14 |
Financing activities | ' | ' |
Net decrease in other short-term debt | -1 | -4 |
Payments of other debt | ' | -2 |
Repayment of Secured Notes | -195 | -23 |
Repayment of Subordinated Notes | -367 | ' |
Repayment of Term Loans | -1 | ' |
Net payments of ABL Revolver | ' | -50 |
Proceeds from Senior Notes | 250 | ' |
Proceeds from Term Loans | 667 | ' |
Distribution to our shareholder | -352 | ' |
Payment of deferred financing costs | -15 | ' |
Net cash used in financing activities | -14 | -79 |
Effect of exchange rates on cash | -1 | ' |
Increase (decrease) in cash and cash equivalents | 35 | -5 |
Cash and cash equivalents at beginning of the period | 51 | 54 |
Cash and cash equivalents at end of the period | 86 | 49 |
Supplemental cash flows information | ' | ' |
Interest | 46 | 42 |
Income taxes | 15 | 16 |
Noncash investing and financing activities: | ' | ' |
Additions to property, plant and equipment included in accounts payable | $2 | $1 |
Description_of_Business
Description of Business | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Description of Business | ' |
Note 1. Description of Business | |
Affinia Group Intermediate Holdings Inc. is a global leader in the heavy duty and light vehicle replacement products and services industry. We derive approximately 98% of our sales from this industry. Our broad range of filtration, chassis and other products are sold in North America, Europe, South America, Asia and Africa. Our brands include WIX®, Raybestos®, FiltronTM, Nakata®, McQuay-Norris® and ecoLAST®. Additionally, we provide private label products for NAPA®, CARQUEST® and ACDelco®. Affinia Group Inc. is 100% owned by Affinia Group Intermediate Holdings Inc., which, in turn, is 100% owned by Affinia Group Holdings Inc. (“Holdings”), a company controlled by affiliates of The Cypress Group L.L.C (“Cypress”). | |
Affinia Group Inc., the Company’s direct, 100% owned subsidiary and a Delaware corporation formed on June 28, 2004, entered into a stock and asset purchase agreement on November 30, 2004, as amended (the “Purchase Agreement”), with Dana Corporation (“Dana”). The Purchase Agreement provided for the acquisition by Affinia Group Inc. of substantially all of Dana’s aftermarket business operations (the “Acquisition”). | |
The accompanying Consolidated Financial Statements include the accounts of the Company and its subsidiaries. In these Notes to the Consolidated Financial Statements, the terms “the Company,” “Parent,” “we,” “our” and “us” refer to Affinia Group Intermediate Holdings Inc. and its subsidiaries on a consolidated basis. |
Basis_of_Presentation
Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | ' |
Basis of Presentation | ' |
Note 2. Basis of Presentation | |
The interim financial information is prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and such principles are applied on a basis consistent with information reflected in our Form 10-K for the year ended December 31, 2012 filed with the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to the rules and regulations promulgated by the SEC. In the opinion of management, the interim financial information includes all adjustments and accruals, consisting only of normal recurring adjustments, which are necessary for a fair presentation of results for the respective interim period. |
New_Accounting_Pronouncements
New Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Changes And Error Corrections [Abstract] | ' |
New Accounting Pronouncements | ' |
Note 3. New Accounting Pronouncements | |
Adopted Accounting Pronouncements | |
In February 2013, the FASB issued Accounting Standards Update (“ASU”) 2013-02, “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income,” which requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. This guidance is effective for reporting periods beginning after December 15, 2012. The implementation of ASU 2013-02 resulted in financial statement disclosure changes only. Please refer to “Note 16. Changes in Accumulated Other Comprehensive Income (Loss)” for disclosure. | |
In July 2012, the FASB amended Accounting Standards Codification (“ASC”) 350, “Intangibles – Goodwill and Other” with ASU 2012-02, “Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-lived Intangible Assets for Impairment.” Under the revised guidance, an organization has the option to first assess qualitative factors to determine whether it is necessary to perform the quantitative impairment test. An organization electing to perform a qualitative assessment is no longer required to calculate the fair value of an indefinite-lived intangible asset unless the organization determines, based on a qualitative assessment, that it is “more likely than not” that the asset is impaired. The guidance is effective for impairment tests for fiscal years beginning after September 15, 2012. We test indefinite-lived intangible assets for impairment on an annual basis as of December 31 of each year, unless conditions arise that would require a more frequent evaluation. Adoption of this guidance will not impact our financial condition or results of operations. | |
Accounting Pronouncements Not Yet Adopted | |
In July 2013, the FASB issued ASU 2013-10, “Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes.” ASU 2013-10 allows the Fed Funds Effective Swap Rate (OIS) to be designated as a U.S. benchmark interest rate for hedge accounting purposes, in addition to interest rates on direct Treasury obligations of the U.S. government and the London Interbank Offered Rate. The amendments also remove the restriction on using different benchmark rates for similar hedges. The amendments are effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The Company does not anticipate the requirements of ASU 2013-10 will have a material impact on the condensed consolidated financial statements. | |
In July 2013, the FASB issued ASU 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.” ASU 2013-11 clarifies guidance and eliminates diversity in practice on the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. This new guidance is effective for annual reporting periods beginning on or after December 15, 2013 and subsequent interim periods. The Company is currently assessing the impact, if any, on the condensed consolidated financial statements. |
Refinancing
Refinancing | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||
Refinancing | ' | ||||||||||||||
Note 4. Refinancing | |||||||||||||||
On April 25, 2013, we refinanced our existing notes and credit facilities and made a distribution to Holdings, our shareholder. The refinancing consisted of the issuance of $250 million aggregate principal amount 7.75% Senior Notes due May 1, 2021 (the “Senior Notes”), a $200 million term loan due April 25, 2016 (“Term Loan B-1”), a $470 million term loan due April 25, 2020 (“Term Loan B-2,” and together with Term Loan B-1, the “Term Loans”), the proceeds of which we used, together with $31 million of cash on hand, to redeem our 10.75% Senior Secured Notes due 2016 (the “Secured Notes”), redeem our 9% Senior Subordinated Notes due 2014 (the “Subordinated Notes”), pay fees and expenses in connection with the refinancing transaction and make a $350 million distribution to Holdings. Holdings used the distribution to redeem its Preferred Shares, repay $61 million of the note (the “Seller Note”) issued by Holdings to Dana as part of the financing in connection with our acquisition of substantially all of the aftermarket business operations of Dana in 2004 and make a distribution of $133 million to its stockholders. We replaced our existing asset-based revolving credit facility (the “Old ABL Revolver”) with a new asset-based revolving credit facility (our “ABL Revolver”) on April 25, 2013. The ABL Revolver matures on April 25, 2018 and comprises a revolving credit facility of up to $175 million for borrowings solely to the U.S. domestic borrowers, including (a) a $30 million sub-limit for letters of credit and (b) a $15 million swingline facility. Availability under the ABL Revolver is based upon monthly (or more frequent under certain circumstances) borrowing base valuations of our eligible inventory and accounts receivable, among other things, and is reduced by certain reserves in effect from time to time. | |||||||||||||||
The sources and uses of proceeds of the refinancing consisted of the following: | |||||||||||||||
(Dollars in millions) | Sources | Uses | |||||||||||||
Term Loan B-1(1) | $ | 199 | Redeemed Secured Notes | $ | 180 | ||||||||||
Term Loan B-2(1) | 468 | Redeemed Subordinated Notes | 367 | ||||||||||||
Senior Notes | 250 | Distribution to Shareholder: | |||||||||||||
Cash on hand | 31 | Redeemed Holdings’ Preferred Shares(2) | 156 | ||||||||||||
Repaid Holdings’ Seller Note(2) | 61 | ||||||||||||||
Distribution to Holdings’ Stockholders(2) | 133 | ||||||||||||||
Total distribution to Shareholder(2) | 350 | ||||||||||||||
Interest payments on Secured and Subordinated Notes | 21 | ||||||||||||||
Call premium on Secured Notes | 15 | ||||||||||||||
Deferred financing costs(3) | 15 | ||||||||||||||
$ | 948 | $ | 948 | ||||||||||||
-1 | Less original issue discount of $2 million for Term Loan B-2 and $1 million for Term Loan B-1. | ||||||||||||||
-2 | A distribution to our shareholder of $350 million was used for redemption of its preferred shares, payment of its debt and a distribution to its stockholders. | ||||||||||||||
-3 | The deferred financing costs paid on the date of the refinancing were $13 million and $2 million was subsequently paid in the remainder of the second quarter of 2013. | ||||||||||||||
During the second quarter of 2013, we made a distribution of $351 million to Holdings of which $350 million related to the refinancing, as previously described, and $1 million related to the payment of Holdings’ operating expenses. Subsequently in the third quarter of 2013, we made an additional $1 million distribution related to our deferred compensation plan. | |||||||||||||||
Debt
Debt | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||
Debt | ' | ||||||||||||
Note 5. Debt | |||||||||||||
Our debt consists of notes that are publicly traded, an ABL Revolver, term loans and other short-term borrowings. Our debt consisted of the following: | |||||||||||||
(Dollars in millions) | December 31, | September 30, | |||||||||||
2012 | 2013 | ||||||||||||
9% Senior subordinated notes, due November 2014 | $ | 367 | — | ||||||||||
10.75% Senior secured notes, due August 2016 | 179 | — | |||||||||||
7.75% Senior notes, due May 2021 | — | 250 | |||||||||||
Term Loan B-1, due April 2016 | — | 199 | |||||||||||
Term Loan B-2, due April 2020 | — | 467 | |||||||||||
ABL revolver, due April 2018 | — | — | |||||||||||
Other debt(1) | 23 | 22 | |||||||||||
569 | 938 | ||||||||||||
Less: current portion(1) | (23 | ) | (22 | ) | |||||||||
$ | 546 | $ | 916 | ||||||||||
-1 | The other debt of $23 million as of December 31, 2012 consisted of $20 million related to our Poland filtration operations and $3 million related to our China filtration operations. The other debt of $22 million as of September 30, 2013 consisted of $20 million related to our Poland filtration operations and $2 million related to our China filtration operations. | ||||||||||||
The fair value framework requires the categorization of our debt into three levels based upon the assumptions (inputs) used to determine fair value. The fair value of debt and the categorization of the hierarchy level of fair value, net of discount, are as follows: | |||||||||||||
Fair Value of Debt at December 31, 2012 | |||||||||||||
(Dollars in millions) | Book Value | Fair Value | Fair Value | ||||||||||
of Debt | Factor | of Debt | |||||||||||
Senior subordinated notes, due November 2014(1) | $ | 367 | 100.25 | % | $ | 368 | |||||||
Senior secured notes, due August 2016(1) | 179 | 108.43 | % | 194 | |||||||||
ABL revolver, due May 2017(2) | — | 100 | % | — | |||||||||
Other debt(2) | 23 | 100 | % | 23 | |||||||||
Total fair value of debt at December 31, 2012 | $ | 585 | |||||||||||
Fair Value of Debt at September 30, 2013 | |||||||||||||
(Dollars in millions) | Book Value | Fair Value | Fair Value | ||||||||||
of Debt | Factor | of Debt | |||||||||||
Senior notes, due May 2021(1) | $ | 250 | 102.75 | % | $ | 257 | |||||||
Term Loan B-1, due April 2016(1) | 199 | 100.06 | % | 199 | |||||||||
Term Loan B-2, due April 2020(1) | 467 | 99.56 | % | 465 | |||||||||
ABL revolver, due April 2018(2) | — | 100 | % | — | |||||||||
Other debt(2) | 22 | 100 | % | 22 | |||||||||
Total fair value of debt at September 30, 2013 | $ | 943 | |||||||||||
-1 | The fair value of the long-term debt was estimated based on quoted market prices obtained through broker or pricing services and categorized within Level 2 of the hierarchy. The fair value of our debt that is publicly traded in the secondary market is classified as Level 2 and is based on current market yields obtained through broker or pricing services. | ||||||||||||
-2 | The carrying value of fixed rate short-term debt approximates fair value because of the short term nature of these instruments, and the carrying value of the Company’s current floating rate debt instruments approximates fair value because of the variable interest rates pertaining to those instruments. The fair value of debt is categorized within Level 2 of the hierarchy. | ||||||||||||
ABL Revolver | |||||||||||||
We replaced our Old ABL Revolver with a new ABL Revolver on April 25, 2013. The ABL Revolver comprises a revolving credit facility of up to $175 million for borrowings available solely to the U.S. domestic borrowers, including (a) a $30 million sub-limit for letters of credit and (b) a $15 million swingline facility. Availability under the ABL Revolver is based upon monthly (or more frequent under certain circumstances) borrowing base valuations of our eligible inventory and accounts receivable, among other things, and is reduced by certain reserves in effect from time to time. | |||||||||||||
At September 30, 2013, there were no outstanding borrowings under the ABL Revolver. We had an additional $124 million of availability after giving effect to $10 million in outstanding letters of credit and less than $1 million for borrowing base reserves as of September 30, 2013. | |||||||||||||
Maturity. The ABL Revolver is scheduled to mature on April 25, 2018. | |||||||||||||
Guarantees and collateral. The indebtedness, obligations and liabilities under the ABL Revolver are unconditionally guaranteed jointly and severally on a senior secured basis by Parent and certain of its current and future U.S. subsidiaries, and are secured, subject to permitted liens and other exceptions and exclusions, by a first-priority lien on accounts receivable, inventory, cash, deposit accounts, securities accounts and proceeds of the foregoing and certain assets related thereto and a second-priority lien on the collateral that secures the Term Loans on a first-priority basis. | |||||||||||||
Mandatory prepayments. If at any time the outstanding borrowings under the ABL Revolver (including outstanding letters of credit and swingline loans) exceed the lesser of (i) the borrowing base as in effect at such time and (ii) the aggregate revolving commitments as in effect at such time, the borrowers will be required to prepay an amount equal to such excess and/or cash collateralize outstanding letters of credit. | |||||||||||||
Voluntary prepayments. Subject to certain conditions, the ABL Revolver allows the borrowers to voluntarily reduce the amount of the revolving commitments and to prepay the loans without premium or penalty other than customary breakage costs for LIBOR rate contracts. | |||||||||||||
Interest rates and fees. Outstanding borrowings under the ABL Revolver accrue interest at an annual rate of interest equal to (i) a base rate plus the applicable spread, as set forth below or (ii) a LIBOR rate plus the applicable spread, as set forth below. Swingline loans bear interest at a base rate plus the applicable spread. The Company will pay a commission on letters of credit issued under the New ABL Revolver at a rate equal to the applicable spread for loans based upon the LIBOR rate. | |||||||||||||
Level | Average | Base Rate Loans and | LIBOR Loans | ||||||||||
Aggregate | Swingline Loans | ||||||||||||
Availability | |||||||||||||
I | <$50,000,000 | 1 | % | 2 | % | ||||||||
II | > $50,000,000 | 0.75 | % | 1.75 | % | ||||||||
but < | |||||||||||||
$100,000,000 | |||||||||||||
III | > $100,000,000 | 0.5 | % | 1.5 | % | ||||||||
The borrowers will pay certain fees with respect to the ABL Revolver, including (i) an unused commitment fee on the undrawn portion of the credit facility of 0.25% per annum in the event that more than 50% of the commitments (excluding swingline loans) under the credit facility are utilized, and 0.375% per annum in the event that less than or equal to 50% of the commitments (excluding swingline loans) under the credit facility are utilized and (ii) customary annual administration fees and fronting fees in respect of letters of credit equal to 0.125% per annum on the stated amount of each letter of credit outstanding during each fiscal quarter. During an event of default, all loans and other obligations under the ABL Revolver may bear interest at a rate 2.00% in excess of the otherwise applicable rate of interest. | |||||||||||||
Cash Dominion. Commencing on the day that an event of default occurs or availability under the ABL Revolver is less than the greater of 12.5% of the total borrowing base and $17.5 million and continuing until no event of default has existed and availability has been greater than such thresholds at all times for 60 consecutive days, amounts in the Company’s deposit accounts and the deposit accounts of the guarantors (other than certain excluded accounts) will be transferred daily into a blocked account held by the administrative agent and applied to reduce the outstanding amounts under the ABL Revolver. | |||||||||||||
Covenants. The ABL Revolver contains negative covenants that, among other things, limit or restrict the ability of the Company and its subsidiaries to: create liens and encumbrances; incur additional indebtedness; merge, dissolve, liquidate or consolidate; make acquisitions, investments, advances or loans; dispose of or transfer assets; pay dividends or make other payments in respect of their capital stock; amend certain material governance documents; change the nature of the business of the borrowers and their subsidiaries; redeem or repurchase capital stock or prepay, redeem or repurchase certain debt; engage in certain transactions with affiliates; change the borrowers’ fiscal periods; and enter into certain restrictive agreements. The ABL Revolver also contains certain customary affirmative covenants and events of default, including a change of control. | |||||||||||||
In addition, commencing on the day that an event of default occurs or availability under the ABL Revolver is less than the greater of 10.0% of the total borrowing base and $15.0 million and continuing until no event of default has existed and availability under the ABL Revolver has been greater than such thresholds at all times, in each case, for 30 consecutive days, Parent will be required to maintain a fixed charge coverage ratio of at least 1.0x measured for the last 12-month period. As of November 8, 2013, the Company remained in compliance with all debt covenants. The fixed charge coverage ratio was 2.17x as of September 30, 2013. If none of the covenant triggers have occurred, the impact of falling below the fixed charge coverage ratio would not be a default but instead would limit our ability to pursue certain operational or financial transactions (e.g. acquisitions). | |||||||||||||
Indenture | |||||||||||||
Senior Notes. On April 25, 2013, Affinia Group Inc. issued $250 million of Senior Notes as part of the refinancing. The Senior Notes accrue interest at the rate of 7.75% per annum, payable semi-annually on May 1 and November 1 of each year, commencing November 1, 2013. The Senior Notes will mature on May 1, 2021. The terms of the Indenture provide that, among other things, the Senior Notes rank equally in right of payment to all of the Company’s and all of Affinia Group Inc.’s 100% owned current and future domestic subsidiaries (the “Guarantors”) existing and future senior debt and senior in right of payment to all of the Company’s and Guarantors’ existing and future subordinated debt. The Senior Notes are structurally subordinated to all of the liabilities and obligations of the Company’s subsidiaries that do not guarantee the Senior Notes. The Senior Notes are effectively junior in right of payment to all of the Company’s and the Guarantors’ secured indebtedness, including the Term Loans and the ABL Revolver, to the extent of the value of the collateral securing such indebtedness. The outstanding balance of the Senior Notes at September 30, 2013 was $250 million. | |||||||||||||
Guarantees. The Guarantors guarantee the Company’s obligations under the Notes on a senior unsecured basis. | |||||||||||||
Interest Rate. Interest on the Notes accrues at a rate of 7.75% per annum. Interest on the Notes is payable in cash semiannually in arrears on May 1 and November 1 of each year, commencing on November 1, 2013. | |||||||||||||
Other Covenants. The Indenture contains affirmative and negative covenants that, among other things, limit or restrict the Company’s ability (as well as those of the Company’s subsidiaries) to: incur additional debt; provide guarantees and issue mandatorily redeemable preferred stock; pay dividends on or make distributions in respect of capital stock or make certain other restricted payments or investments including the prepayment of certain indebtedness; enter into agreements that restrict distributions from restricted subsidiaries; sell or otherwise dispose of assets, including capital stock of restricted subsidiaries; enter into transactions with affiliates; create or incur liens; and merge, consolidate or sell substantially all of its assets. | |||||||||||||
Events of Default. The Indenture provides for customary events of default (subject in certain cases to customary grace and cure periods), which include nonpayment, breach of covenants in the Indenture, payment defaults or acceleration of other indebtedness, failure to pay certain judgments and certain events of bankruptcy and insolvency. Generally, if an event of default occurs, the Trustee or holders of at least 25% in principal amount of the then outstanding Notes may declare the principal, premium, if any, interest and other monetary obligations on all the Notes to be due and payable immediately. | |||||||||||||
Term Loan Facility | |||||||||||||
On April 25, 2013, the Company entered into (i) a Term Loan B-1 in an aggregate principal amount of $200 million and (ii) a Term Loan B-2 in an aggregate principal amount of $470 million. The Term Loan B-1 was offered at a price of 99.75%, of their face value, resulting in approximately $199 million of net proceeds for the Term Loan B-1. The Term Loan B-2 was offered at a price of 99.50%, of their face value, resulting in approximately $468 million of net proceeds for the Term Loan B-2. The $1 million and $2 million original issue discount for the Term Loan B-1 and Term Loan B-2, respectively, will be amortized based on the effective interest rate method and included in interest expense until the Term Loans mature. The Term Loan B-1 amortizes in quarterly installments in an amount equal to 1.00% per annum, with the balance due on April 25, 2016. The Term Loan B-2 amortizes in quarterly installments in an amount equal to 1.00% per annum, with the balance due on April 25, 2020. As of September 30, 2013, $199 million principal amount of Term Loan B-1 was outstanding, net of a $1 million issue discount which is being amortized until the Term Loan B-1 matures and $467 million principal amount of Term Loan B-2 was outstanding, net of a $2 million issue discount which is being amortized until the Term Loan B-2 matures. | |||||||||||||
Guarantees and collateral. The indebtedness, obligations and liabilities under the Term Loan Facility are unconditionally guaranteed jointly and severally on a senior secured basis by Parent and certain of its current and future U.S. subsidiaries, and are secured, subject to permitted liens and other exceptions and exclusions, by a first-priority lien on substantially all tangible and intangible assets of the borrower and each guarantor (including (i) a perfected pledge of all of the capital stock of the borrower and each direct, wholly-owned material subsidiary held by the borrower or any guarantor (subject to certain limitations with respect to foreign subsidiaries) and (ii) perfected security interests in, and mortgages on, equipment, general intangibles, investment property, intellectual property, material fee-owned real property, intercompany notes and proceeds of the foregoing) except for certain excluded assets and the collateral securing the ABL Revolver on a first priority basis, and a second-priority lien on the collateral securing the ABL Revolver on a first-priority basis. | |||||||||||||
Mandatory prepayments. The Term Loan Facility requires the following amounts to be applied to prepay the Term Loans, subject to certain thresholds, exceptions and reinvestment rights: 100% of the net proceeds from the incurrence of indebtedness (other than permitted indebtedness), 100% of the net proceeds of certain asset sales (including insurance or condemnation proceeds), other than the collateral securing the ABL Revolver on a first-priority basis, and 50% of excess cash flow with stepdowns to 25% and 0% based on certain leverage targets. | |||||||||||||
Mandatory prepayments will be allocated ratably between Term Loan B-1 and Term Loan B-2 and, within each, will be applied to reduce remaining amortization payments in the direct order of maturity for the immediately succeeding eight quarters and, thereafter, pro rata. | |||||||||||||
Voluntary Prepayments. The Company may voluntarily prepay outstanding Term Loans in whole or in part at any time without premium or penalty (other than a 1.00% premium payable until, in the case of the Term Loan B-1, six months following April 25, 2013 and, in the case of the Term Loan B-2, one year following April 25, 2013, on (i) the amount of loans prepaid or refinanced with proceeds of long-term bank debt financing or any other financing similar to such borrowings having a lower effective yield or (ii) the amount of loans the terms of which are amended to the same effect), subject to payment of customary breakage costs in the case of LIBOR rate loans. Optional prepayments of the Term Loans will be applied to the remaining installments thereof at the direction of the Company. | |||||||||||||
Interest Rates. Outstanding borrowings under the Term Loan Facility accrue interest at an annual rate of interest equal to (i) a base rate plus the applicable spread or (ii) a LIBOR rate plus the applicable spread. The applicable margin for borrowings under the Term Loan B-1 is 1.75% with respect to base rate borrowings and 2.75% with respect to LIBOR rate borrowings, and the applicable margin for borrowing under the Term Loan B-2 is 2.50% with respect to base rate borrowings and 3.50% with respect to LIBOR rate borrowings. The LIBOR rate is subject to a floor of 0.75% per annum with respect to Term Loan B-1 and 1.25% per annum with respect to Term Loan B-2. Overdue principal with respect to the Term Loans will bear interest at a rate 2.00% in excess of the otherwise applicable rate of interest and other overdue amounts with respect to the Term Loans will bear interest at a rate 2.00% in excess of the rate applicable to base rate borrowings. | |||||||||||||
Covenants. The Term Loan Facility contains negative covenants that, among other things, limit or restrict the ability of the Company and its subsidiaries to create liens and encumbrances; incur additional indebtedness; merge, dissolve, liquidate or consolidate; make acquisitions, investments, advances or loans; dispose of or transfer assets; pay dividends or make other payments in respect of their capital stock; amend certain material governance documents; change the nature of the business of the borrower and its subsidiaries; redeem or repurchase capital stock or prepay, redeem or repurchase certain debt; engage in certain transactions with affiliates; change the borrower’s fiscal periods; and enter into certain restrictive agreements. The Term Loan Facility also contains certain customary affirmative covenants and events of default, including a change of control. | |||||||||||||
During the second quarter of 2013, we recorded a write-off of $5 million to interest expense for unamortized deferred financing costs associated with the redemption of our Secured Notes and Subordinated Notes. We also recorded during the second quarter of 2013 a write-off of $3 million to interest expense for the replacement of our Old ABL Revolver with a new ABL Revolver. In addition, we recorded $14 million in total deferred financing costs related to the issuance of our Senior Notes and Term Loans as part of the refinancing and $1 million in total deferred financing costs associated with the ABL Revolver. The unamortized deferred financing costs will be charged to interest expense over the next eight years for the Senior Notes, seven years for Term Loan B-2, five years for ABL Revolver and three years for Term Loan B-1. | |||||||||||||
During the second quarter of 2012, we recorded a write-off of less than $1 million to interest expense for unamortized deferred financing costs associated with the redemption of $22.5 million of the Secured Notes. Additionally, we recorded $1 million in total deferred financing costs related to our Old ABL Revolver. | |||||||||||||
The following table summarizes the deferred financing activity from December 31, 2012 to September 30, 2013: | |||||||||||||
(Dollars in millions) | |||||||||||||
Balance at December 31, 2012 | $ | 15 | |||||||||||
Amortization | (3 | ) | |||||||||||
Write-off of unamortized deferred financing costs | (8 | ) | |||||||||||
Deferred financing costs | 15 | ||||||||||||
Balance at September 30, 2013 | $ | 19 | |||||||||||
Discontinued_Operation_Brake
Discontinued Operation - Brake | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Discontinued Operations And Disposal Groups [Abstract] | ' | ||||||||||||||||
Discontinued Operation - Brake | ' | ||||||||||||||||
Note 6. Discontinued Operation – Brake | |||||||||||||||||
In the fourth quarter of 2011, we committed to a plan to sell the Brake North America and Asia group. In accordance with ASC Topic 205, “Presentation of Financial Statements,” the Brake North America and Asia group qualified as a discontinued operation. The consolidated statements of operations for all periods presented have been adjusted to reflect this group as a discontinued operation. The consolidated statements of cash flows for all periods presented were not adjusted to reflect this group as a discontinued operation. | |||||||||||||||||
On November 30, 2012, we distributed our Brake North America and Asia group to the shareholders of Holdings, the Company’s parent company and sole stockholder. The new organization is led by the management team from the Company’s former Brake North America and Asia group, with oversight provided by a separate board of directors. On March 25, 2013, the new organization announced that it had been acquired by a group of investors. | |||||||||||||||||
To effect the transaction, we distributed 100% of the capital stock of BPI Holdings International, Inc. (“BPI”), an entity formed for the purpose of completing the transaction and which owns the assets and operations comprising the Company’s former Brake North America and Asia group, to Holdings. Thereafter, Holdings distributed such capital stock to the holders of Holdings common stock and to the holders of Holding’s 9.5% Class A Convertible Participating Preferred Stock, par value $0.01 per share (“Preferred Stock”), on a pro rata basis as if each of the shares of Preferred Stock outstanding at the time of the distribution had been converted into Holdings common stock in accordance with its terms prior to the distribution. The fair value of the capital stock distributed to the shareholders of Holdings was $63 million. In addition, noncontrolling interest decreased by $13 million due to the distribution of BPI. | |||||||||||||||||
In connection with the distribution, the Company received a $70 million cash dividend from BPI, which BPI funded through $76.5 million in borrowings under a new credit facility that is not guaranteed by, or an obligation of, the Company or any of its subsidiaries. BPI held $11 million in cash that was included in the distribution on November 30, 2012. | |||||||||||||||||
Affinia and BPI entered into a transition services agreement (“TSA”) effective with the distribution on November 30, 2012. The TSA provides for certain administrative and other services and support to be provided by us to BPI and to be provided by BPI to us. Most of the transition services will expire during 2013. We anticipate that our chassis products group (“Chassis”) will become stand alone and will no longer require the services of BPI to warehouse and distribute chassis product sometime in 2014. The TSAs and the distribution services were established as arm length transactions and are intended for the contracting parties to recover costs of the services. On the date of the distribution, we no longer had any influence over BPI. We evaluated all potential variable interests between Affinia and BPI and determined that we are not the primary beneficiary of BPI. Consequently, we deconsolidated BPI on the date of the distribution. | |||||||||||||||||
The table below summarizes the Brake North America and Asia group’s net sales, income (loss) before income tax benefit (provision), income tax benefit (provision), loss from discontinued operations, net of tax, net income attributable to noncontrolling interest, net of tax and loss attributable to the discontinued operations. | |||||||||||||||||
(Dollars in millions) | Three Months | Three Months | Nine Months | Nine Months | |||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||
2012 | 2013 | 2012 | 2013 | ||||||||||||||
Net sales | $ | 159 | $ | — | $ | 480 | $ | — | |||||||||
Income (loss) before income tax benefit (provision) | (19 | ) | — | (91 | ) | 1 | |||||||||||
Income tax benefit (provision) | 9 | — | 34 | (2 | ) | ||||||||||||
Loss from discontinued operations, net of tax | (10 | ) | — | (57 | ) | (1 | ) | ||||||||||
Less: net income attributable to noncontrolling interest, net of tax | 1 | — | 1 | — | |||||||||||||
Loss attributable to the discontinued operations | $ | (11 | ) | $ | — | $ | (58 | ) | $ | (1 | ) |
Derivatives
Derivatives | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Derivative Instruments And Hedging Activities Disclosure [Abstract] | ' | ||||||||||||||||
Derivatives | ' | ||||||||||||||||
Note 7. Derivatives | |||||||||||||||||
The Company’s financial derivative assets and liabilities consist of standard currency forward contracts and interest rate swaps. The fair value framework requires the categorization of assets and liabilities into three levels based upon the assumptions (inputs) used to price the assets or liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows: | |||||||||||||||||
• | Level 1: Unadjusted quoted prices in active markets for identical assets and liabilities. | ||||||||||||||||
• | Level 2: Observable inputs other than those included in Level 1. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets. | ||||||||||||||||
• | Level 3: Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. | ||||||||||||||||
All derivative instruments are recognized on our balance sheet at fair value. The fair value measurements of our currency forward contracts and interest rate swaps are based upon Level 2 inputs consisting of observable market data, as reported by a recognized independent third-party financial information provider. Based upon the Company’s periodic assessment of our own creditworthiness, and of the creditworthiness of the counterparties to our derivative instruments, fair value measurements are not adjusted for nonperformance risk. | |||||||||||||||||
Currency Forward Contract Derivatives | |||||||||||||||||
Our currency forward contracts are valued using then-current spot and forward market data as provided by external financial institutions. We enter into short-term currency forward contracts with banking institutions of only the highest tiered credit ratings and thus the counterparty credit risk associated with these contracts is not considered significant. | |||||||||||||||||
Our currency forward contracts are not designated as hedges of specific monetary asset balances subject to currency risks. The Company does not seek hedge accounting treatment for its currency forward contacts because the earnings impact from both the underlying exposures and the hedge transactions are recognized in each accounting period. Changes in the fair value of these currency forward contracts are recognized in income each accounting period. At December 31, 2012, the aggregate notional amount of our currency forward contracts was $69 million having a fair market value of less than $1 million in assets and liabilities. At September 30, 2013, the aggregate notional amount of our currency forward contracts was $75 million having a fair market value of less than $1 million in assets and liabilities. | |||||||||||||||||
The Company’s outstanding currency forward contracts are recorded in the Consolidated Balance Sheets as “Other current assets” or “Other accrued expenses,” accordingly. Currency forward contract gains and losses are recognized in “Other income (loss), net” in the Consolidated Statements of Operations in the reporting period of occurrence. The Company has not recorded currency forward contract gains (losses) to other comprehensive income (loss) nor has it reclassified prior period currency derivative results from other comprehensive income (loss) to earning during the last twelve months. The Company does not anticipate that it will record any currency forward contract gains or losses to other comprehensive income (loss) or that it will reclassify prior period currency forward contract results from other comprehensive income (loss) to earnings in the next twelve months. | |||||||||||||||||
Currency forward contract gains and losses are recognized in “Other income (loss), net” in the Consolidated Statements of Operations in the reporting period of occurrence. The short-term currency exchange rate forward contracts are intended to offset the currency exchange gain (loss) related to the re-measurement process. The currency forward contract gains and losses are as follows: | |||||||||||||||||
(Dollars in millions) | Three Months | Three Months | Nine Months | Nine Months | |||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||
2012 | 2013 | 2012 | 2013 | ||||||||||||||
Gain (loss) on derivative instruments | $ | 2 | $ | — | $ | 2 | $ | — | |||||||||
Interest Rate Derivatives | |||||||||||||||||
On April 25, 2013, we entered into interest rate swaps having an aggregate notional value of $300 million to effectively fix the rate of interest on a portion of our Term Loan B-2 until April 25, 2020. The Company funds its business operations with a combination of fixed and floating-rate debt. Therefore, our reported results from operations may be adversely impacted by rising interest rates. The Company’s interest rate risk policy seeks to minimize the long-term cost of debt, subject to a limitation of the maximum percentage of net floating-rate debt versus total debt outstanding. | |||||||||||||||||
While our policy does not require that we maintain a specific ratio of net floating-rate debt as a proportion of total debt outstanding, we use interest rate swaps to manage the ratio of net floating-rate debt to total debt outstanding within our policy target range, thereby reducing the potential impact that interest rate variability may have on our consolidated financial results. Our policy strictly prohibits the use of interest rate derivatives to generate trading profits or to otherwise speculate on interest rate movements. | |||||||||||||||||
We have designated our interest rate swaps as “cash flow” hedges as described in ASC 815, “Derivatives and Hedging” (“ASC 815”). At the inception of the hedge, the Company formally documents its hedge relationships and risk management objectives and strategy for undertaking the hedge. In addition, the documentation identifies the interest rate swaps as a hedge of specific interest payments on variable rate debt, with the objective to perfectly offset the variability of interest expense as related to specific floating-rate debt. We also specify that the effectiveness of the interest rate swaps in mitigating interest expense variability shall be assessed using the “Hypothetical Derivative Method” as described in ASC 815. | |||||||||||||||||
The interest rate swaps are recorded in the Consolidated Balance Sheets as “Other current assets” or “Other accrued expenses,” accordingly. In compliance with ASC 815, the Company formally assesses the effectiveness of its interest rate swaps at inception and on a quarterly basis thereafter. These assessments have established that swaps have been, and are expected to continue to be, highly effective at offsetting the interest expense variability of the underlying floating rate debt and are therefore eligible for cash flow hedge accounting treatment, pursuant to ASC 815. | |||||||||||||||||
Changes in the fair value of derivatives designated as cash flow hedges are recorded to other comprehensive income (loss), to the extent such cash flow hedges are effective. Amounts are reclassified from other comprehensive income (loss) when the underlying hedged items are recognized, during the period that a hedge transaction is terminated, or whenever a portion of the hedge transaction results are deemed ineffective. We reclassified $1 million from other comprehensive income (loss) into interest expense in the first nine months of 2013. There have been no gains or losses reclassified from other comprehensive income (loss) into earnings due to hedge ineffectiveness related to any of the Company’s interest rate swap transactions, nor were there gains or losses reclassified to income due to early termination of designated cash-flow hedge transactions as of September 30, 2013. | |||||||||||||||||
The notional amount and fair value of interest rate swaps outstanding are as follows: | |||||||||||||||||
(Dollars in millions) | Notional Amount | Fair Value | |||||||||||||||
As of September 30, 2013 | $ | 300 | $ | 8 | |||||||||||||
As of December 31, 2012 | $ | — | $ | — |
Inventories_net
Inventories, net | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Inventories, net | ' | ||||||||
Note 8. Inventories, net | |||||||||
Inventories are valued at the lower of cost or market. Cost is determined on the FIFO basis for all domestic inventories or average cost basis for non-U.S. inventories. Inventories are reduced by an allowance for slow-moving and obsolete inventories based on management’s review of on-hand inventories compared to historical and estimated future sales and usage. A summary of inventories, net is provided in the table below: | |||||||||
(Dollars in millions) | At December 31, | At September 30, | |||||||
2012 | 2013 | ||||||||
Raw materials | $ | 77 | $ | 67 | |||||
Work- in- process | 19 | 17 | |||||||
Finished goods | 208 | 218 | |||||||
$ | 304 | $ | 302 | ||||||
Goodwill
Goodwill | 9 Months Ended |
Sep. 30, 2013 | |
Goodwill And Intangible Assets Disclosure [Abstract] | ' |
Goodwill | ' |
Note 9. Goodwill | |
Goodwill as of December 31, 2012 and September 30, 2013 was $24 million and $25 million, respectively. Goodwill as of September 30, 2013 consisted of the following: $22 million for the acquisition of NAPD in 2010, $2 million for a minor acquisition in 2008 and $1 million for a minor acquisition in 2013. Goodwill is not amortized, but instead the Company evaluates goodwill for impairment, as of December 31 of each year, unless conditions arise that would require a more frequent evaluation. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||
Commitments and Contingencies | ' | ||||||||
Note 10. Commitments and Contingencies | |||||||||
At September 30, 2013, the Company had purchase commitments for property, plant and equipment of approximately $8 million. | |||||||||
A reconciliation of the changes in our return reserves, which is included in other accrued expenses, is as follows: | |||||||||
(Dollars in millions) | Nine Months | Nine Months | |||||||
Ended | Ended | ||||||||
September 30, | September 30, | ||||||||
2012 | 2013 | ||||||||
Beginning balance | $ | 11 | $ | 8 | |||||
Amounts charged to revenue | 14 | 12 | |||||||
Returns processed | (11 | ) | (10 | ) | |||||
Ending balance | $ | 14 | $ | 10 | |||||
Income_Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2013 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes | ' |
Note 11. Income Taxes | |
The total amount of unrecognized tax benefits as of December 31, 2012 and September 30, 2013 was $1 million, and if recognized, would affect the effective tax rate. The Company recognizes interest related to unrecognized tax benefits in interest expense and recognizes penalties as part of the income tax provision. As of September 30, 2013, the Company’s accrual for interest and penalties was less than $1 million. The Company is subject to taxation in the U.S. and various state and foreign jurisdictions. For jurisdictions in which the Company transacts significant business, tax years ended December 31, 2004 and later remain subject to examination by tax authorities. We do not anticipate any material change in the total amount of unrecognized tax benefits to occur within the next twelve months. |
Legal_Proceedings
Legal Proceedings | 9 Months Ended |
Sep. 30, 2013 | |
Commitments And Contingencies Disclosure [Abstract] | ' |
Legal Proceedings | ' |
Note 12. Legal Proceedings | |
Various claims, lawsuits and administrative proceedings are pending or threatened against us and our subsidiaries, arising from the ordinary course of business with respect to commercial, intellectual property, product liability and environmental matters. We believe that the ultimate resolution of the foregoing matters will not have a material effect on our financial condition or results of operations or liquidity. | |
On September 30, 2011, we entered into a settlement agreement with Satisfied Brake Products Inc. (“Satisfied”) for $10 million to settle our claims against Satisfied for their theft of our trade secrets. Upon execution of the settlement agreement, $2.5 million was due immediately and up to an additional $7.5 million is to be provided after liquidation of Satisfied’s business. On September 30, 2011, we recorded a gain of $2.5 million in continuing operations in the consolidated financial statements. Additionally, we recorded $4 million as a gain in continuing operations in the first nine months of 2012. The remaining claim against Satisfied was included in the distribution of the Brake North America and Asia group to our shareholders. | |
On January 28, 2013, Walker Morris, counsel for Neovia Logistics Services (U.K.) Limited (“Neovia”) (formerly known as Caterpillar Logistics Services (U.K.) Limited) notified us that Quinton Hazell Automotive Limited (“QHAL”) intended to appoint administrators (comparable to a bankruptcy filing in the United States) and that Neovia may pursue a claim against us for liabilities arising out of a Logistics Services Agreement dated May 5, 2006 among Neovia, QHAL and Affinia Group Inc. (the “LSA”). In connection with our prior sale of QHAL and its related companies to Klarius Group Ltd. (“KGL”), Affinia Group Inc. assigned the LSA to KGL, KGL agreed to indemnify Affinia Group Inc. against any liability under the LSA and the other companies in the QHAL group agreed to provide a guarantee to Affinia Group Inc. against these liabilities. KGL and QHAL have both appointed administrators. By letter dated February 15, 2013, Neovia, through its counsel Walker Morris, notified us that Neovia is asserting a claim against Affinia Group Inc. for liabilities arising under the LSA, including asserted unpaid invoices totaling 5.7 million pounds. On March 28, 2013, we were served with a demand for arbitration by Neovia. We filed our response on April 29, 2013. In the first quarter of 2013, we recorded an expense for $5 million, partially offset by a $2 million tax benefit, based on our early evaluations of the Neovia claim. In the third quarter of 2013, we re-evaluated the claim and have increased our estimate of the reserve to $9 million. We intend to vigorously defend this matter. During the third quarter of 2013, we revised the presentation of the Neovia claim which was previously recorded in loss from discontinued operations, net of tax, for $3 million in the first quarter of 2013. The reserve of $9 million for the Neovia claim is now presented within selling, general and administrative expenses in the unaudited consolidated statements of operations for the first nine months of 2013. | |
The Company has various accruals for civil liability, including product liability, and other costs. If there is a range of equally probable outcomes, we accrue at the lower end of the range. The Company had $1 million and $11 million accrued as of December 31, 2012 and September 30, 2013, respectively, in other accrued expenses. The increase in the accrual from December 31, 2012 to September 30, 2013 was mainly due to the Neovia claim. In addition, we have various other claims that are reasonably possible of occurrence that range from less than $1 million to $11 million in the aggregate. There are no recoveries expected from third parties. | |
Segment_and_Geographic_Informa
Segment and Geographic Information | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Segment and Geographic Information | ' | ||||||||||||||||
Note 13. Segment and Geographic Information | |||||||||||||||||
The products, customer base, distribution channel, manufacturing process, procurement are similar throughout all of the Company’s operations. However, due to different economic characteristics in the Company’s operations and in conformity with ASC Topic 280, “Segment Reporting,” the Company presented two separate reportable segments: (1) the On and Off-highway reportable segment, which aggregates the Filtration, Chassis and Affinia South America operating segments and (2) Discontinued operation, which includes our Brake North America and Asia group. Because of the distribution of our Brake North America and Asia group, it was classified as discontinued operations and, as such, is not presented in the net sales and operating profit segment tables below. The Company evaluates the performance of its segments based primarily on revenue growth and operating profit. The allocation of income taxes is not evaluated at the segment level. See “Note 6. Discontinued Operation—Brake.” Segment net sales, operating profit, total assets, depreciation and amortization and capital expenditures were as follows: | |||||||||||||||||
Net Sales | |||||||||||||||||
(Dollars in millions) | Three Months | Three Months | Nine Months | Nine Months | |||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||
2012 | 2013 | 2012 | 2013 | ||||||||||||||
On and Off-Highway segment | $ | 375 | $ | 401 | $ | 1,113 | $ | 1,170 | |||||||||
Corporate, eliminations and other | — | — | (1 | ) | — | ||||||||||||
$ | 375 | $ | 401 | $ | 1,112 | $ | 1,170 | ||||||||||
Operating Profit | |||||||||||||||||
(Dollars in millions) | Three Months | Three Months | Nine Months | Nine Months | |||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||
2012 | 2013 | 2012 | 2013 | ||||||||||||||
On and Off-Highway segment | $ | 48 | $ | 50 | $ | 132 | $ | 142 | |||||||||
Corporate, eliminations and other | (10 | ) | (14 | ) | (26 | ) | (33 | ) | |||||||||
$ | 38 | $ | 36 | $ | 106 | $ | 109 | ||||||||||
Total Assets | |||||||||||||||||
(Dollars in millions) | December 31, | September 30, | |||||||||||||||
2012 | 2013 | ||||||||||||||||
On and Off-Highway segment | $ | 720 | $ | 801 | |||||||||||||
Corporate, eliminations and other | 240 | 234 | |||||||||||||||
$ | 960 | $ | 1,035 | ||||||||||||||
Depreciation and Amortization | |||||||||||||||||
(Dollars in millions) | Three Months | Three Months | Nine Months | Nine Months | |||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||
2012 | 2013 | 2012 | 2013 | ||||||||||||||
On and Off-Highway segment | $ | 5 | $ | 5 | $ | 13 | $ | 14 | |||||||||
Corporate, eliminations and other | 1 | — | 4 | 3 | |||||||||||||
$ | 6 | $ | 5 | $ | 17 | $ | 17 | ||||||||||
Capital Expenditures | |||||||||||||||||
(Dollars in millions) | Three Months | Three Months | Nine Months | Nine Months | |||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||
2012 | 2013 | 2012 | 2013 | ||||||||||||||
On and Off-Highway segment | $ | 5 | $ | 8 | $ | 10 | $ | 17 | |||||||||
Corporate, eliminations and other | — | — | — | 1 | |||||||||||||
Total from continuing operations | 5 | 8 | 10 | 18 | |||||||||||||
Discontinued operations | 3 | — | 9 | — | |||||||||||||
$ | 8 | $ | 8 | $ | 19 | $ | 18 | ||||||||||
Net sales by geographic region were determined based on origin of sale and are as follows: | |||||||||||||||||
(Dollars in millions) | Three Months | Three Months | Nine Months | Nine Months | |||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||
2012 | 2013 | 2012 | 2013 | ||||||||||||||
Brazil | $ | 100 | $ | 105 | $ | 299 | $ | 311 | |||||||||
Canada | 19 | 17 | 55 | 53 | |||||||||||||
Poland | 36 | 43 | 108 | 119 | |||||||||||||
Other countries | 36 | 48 | 90 | 120 | |||||||||||||
Total other countries | 191 | 213 | 552 | 603 | |||||||||||||
United States | 184 | 188 | 560 | 567 | |||||||||||||
$ | 375 | $ | 401 | $ | 1,112 | $ | 1,170 | ||||||||||
Geographic data for long-lived assets are comprised of property, plant and equipment, goodwill, other intangible assets and deferred financing costs and are as follows: | |||||||||||||||||
(Dollars in millions) | December 31, | September 30, | |||||||||||||||
2012 | 2013 | ||||||||||||||||
Brazil | $ | 14 | $ | 12 | |||||||||||||
China | 17 | 18 | |||||||||||||||
Poland | 29 | 28 | |||||||||||||||
Other countries | 9 | 13 | |||||||||||||||
Total other countries | 69 | 71 | |||||||||||||||
United States | 177 | 182 | |||||||||||||||
$ | 246 | $ | 253 | ||||||||||||||
We offer primarily two types of products: filtration products, which include oil, fuel, air and other filters and chassis products, which include steering, suspension and driveline components. Additionally, we have Affinia South America products, which offer chassis, filtration and other products. The Company’s sales by group of similar products are as follows: | |||||||||||||||||
(Dollars in millions) | Three Months | Three Months | Nine Months | Nine Months | |||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||
2012 | 2013 | 2012 | 2013 | ||||||||||||||
Filtration products | $ | 212 | $ | 234 | $ | 632 | $ | 678 | |||||||||
Chassis products | 50 | 50 | 153 | 147 | |||||||||||||
Affinia South America products | 113 | 117 | 328 | 345 | |||||||||||||
Corporate, eliminations and other | — | — | (1 | ) | — | ||||||||||||
$ | 375 | $ | 401 | $ | 1,112 | $ | 1,170 | ||||||||||
Stock_Incentive_Plan
Stock Incentive Plan | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||
Stock Incentive Plan | ' | ||||||||
Note 14. Stock Incentive Plan | |||||||||
On July 20, 2005, Affinia Group Holdings Inc. adopted the Affinia Group Holdings Inc. 2005 Stock Incentive Plan, which we refer to as our 2005 Stock Plan. The 2005 Stock Plan permits the grant of non-qualified stock options, incentive stock options, stock appreciation rights, restricted stock and other stock-based awards to employees, directors or consultants of Affinia Group Holdings Inc. and its affiliates. A maximum of 350,000 shares of Affinia Group Holdings Inc. common stock may be subject to awards under the 2005 Stock Plan. | |||||||||
A table of the 2005 Stock Plan balances for the restricted stock units, stock options, deferred compensation shares and stock awards is summarized below. | |||||||||
December 31, | September 30, | ||||||||
2012 | 2013 | ||||||||
Restricted stock units | 242,000 | 261,559 | |||||||
Stock options | 26,835 | 26,355 | |||||||
Deferred compensation shares | 30,235 | 37,744 | |||||||
Stock award | 163 | 163 | |||||||
Shares available | 50,767 | 24,179 | |||||||
Number of shares of common stock subject to awards | 350,000 | 350,000 | |||||||
Stock Options | |||||||||
As of September 30, 2013, 26,355 stock options had been awarded, which included exercised options of 3,000, vested options of 22,855 and 500 unvested options. Pursuant to the terms of the 2005 Stock Plan, each option expires on August 1, 2015. The Board of Directors approved an equitable adjustment to the exercise price from $100 per option to $62.87 per option in recognition of the impact on the value of the options from the cash distribution to Holdings’ stockholders made as part of the refinancing. | |||||||||
The fair value of the stock option grants is amortized to expense over the vesting period. The Company reduces the overall compensation expense by a turnover rate consistent with historical trends. Stock-based compensation expense, which was recorded in selling, general and administrative expenses, and tax related income tax benefits were nil for each of the nine month periods ending September 30, 2012 and 2013, respectively. | |||||||||
Options | |||||||||
Outstanding at December 31, 2012 | 23,835 | ||||||||
Forfeited/expired | (480 | ) | |||||||
Outstanding at September 30, 2013 | 23,355 | ||||||||
Restricted Stock Units | |||||||||
The RSUs are governed by the 2005 Stock Plan and a Restricted Stock Unit Award Agreement. | |||||||||
The RSUs are subject to performance-based and market-based vesting restrictions, which differ from the performance and time-based vesting restrictions applicable to the exchanged stock options. The RSUs will vest if (i) the RSU holder remains employed with Affinia Group Holdings Inc. on the date that either of the following vesting conditions occurs and (ii) either of the following vesting conditions occurs on or prior to the date on which Cypress ceases to hold any remaining Affinia Group Holdings Inc. common stock: | |||||||||
• | Cypress Scenario—Cypress has received aggregate transaction proceeds in cash or marketable securities (not subject to escrow, lock-up, trading restrictions or claw-back) with respect to the disposition of more than 50% of its common equity interests in Affinia Group Holdings Inc. at a predetermined per share equivalent value; or | ||||||||
• | IPO Scenario—Affinia Group Holdings Inc.’s common stock trades on a public stock exchange at a predetermined average closing price over a 60 consecutive trading day period. | ||||||||
As of September 30, 2013, 261,559 RSUs had been awarded and remained outstanding, none of which have vested. In connection with the distribution of our Brake North America and Asia group to the shareholders of Holdings, our Board of Directors determined that the distribution would constitute a “Qualifying Termination” under each of the RSU Agreements for the 62,000 RSUs granted to employees of the Brake North America and Asia group. We estimate the fair value of market-based RSUs using a Monte Carlo simulation model on the date of grant. In the event that either of the performance-based conditions (Cypress Scenario or IPO Scenario) are met, the fair value of the RSUs will be recognized in stock-based compensation expense either 1) pro rata over the requisite service term including a cumulative catch-up related to service provided through the date the performance condition is met or 2) in full once the respective market-based condition is met or 3) in full if the requisite service period has already passed when the performance condition is met. Stock-based compensation expense, which would be recorded in selling, general and administrative expenses, and tax related income tax benefits was not recorded for the first nine months of 2013 as neither of the performance conditions have been met. If the RSUs do not vest prior to ten years from the date of grant then the RSUs will expire. If the performance condition is met on the outstanding RSUs we will record expense at that point in time. | |||||||||
RSUs | |||||||||
Outstanding at December 31, 2012 | 242,000 | ||||||||
Granted | 55,170 | ||||||||
Forfeited/expired | (35,611 | ) | |||||||
Outstanding at September 30, 2013 | 261,559 | ||||||||
Deferred Compensation Plan | |||||||||
We started a deferred compensation plan in 2008 that permits executives to defer receipt of all or a portion of the amounts payable under our non-equity incentive compensation plan. All amounts deferred are treated solely for purposes of the plan to have been notionally invested in the common stock of Affinia Group Holdings Inc. As such, the accounts under the plan will reflect investment gains and losses associated with an investment in the Affinia Group Holdings Inc.’s common stock. We match 25% of the deferral with an additional notional investment in common stock of Affinia Group Holdings Inc., which is subject to vesting as provided in the plan. During the third quarter of 2013, we awarded additional 3,422 vested shares and 809 unvested shares to make our participants whole after the cash distribution to Holdings’ stockholders impacted the value of their shares. As of September 30, 2013, 37,744 shares had been awarded, which included 19,227 shares issued to executives, 14,814 vested notional shares not issued and 3,703 unvested notional shares. Deferred compensation expense, which was recorded in selling, general and administrative expenses, and tax related income tax benefits were less than $1 million and $1 million for the first nine months of 2012 and 2013, respectively. The deferred compensation plan will not be offered in 2013. | |||||||||
Accounts_Receivable_Factoring
Accounts Receivable Factoring | 9 Months Ended |
Sep. 30, 2013 | |
Text Block [Abstract] | ' |
Accounts Receivable Factoring | ' |
Note 15. Accounts Receivable Factoring | |
We have agreements with third party financial institutions to factor certain receivables on a non-recourse basis. The terms of the factoring arrangements provide for the factoring of certain U.S. and Canadian Dollar denominated receivables, which are purchased at the face value amount of the receivable discounted at the applicable rate of LIBOR plus a spread on the purchase date. The amount factored is not contractually defined by the factoring arrangements and our use will vary each month based on the amount of underlying receivables and the cash flow needs of the Company. | |
During the first nine months of 2012, the total accounts receivable factored was $505 million and the cost incurred on factoring was $4 million, which includes our Brake North America and Asia group. During the first nine months of 2013, the total accounts receivable factored was $402 million and the cost incurred on factoring was $3 million. Accounts receivable factored by us are accounted for as a sale and removed from the balance sheet at the time of factoring and the cost of the factoring is presented in either other income (loss) or discontinued operations if it relates to our Brake North America and Asia group. | |
Changes_in_Accumulated_Other_C
Changes in Accumulated Other Comprehensive Income (Loss) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||
Changes in Accumulated Other Comprehensive Income (Loss) | ' | ||||||||||||||||
Note 16. Changes in Accumulated Other Comprehensive Income (Loss) | |||||||||||||||||
Changes in accumulated other comprehensive income (loss) by component, net of tax, for the three months ended September 30, 2013: | |||||||||||||||||
(Dollars in millions) | Interest rate swap, | Pension | Foreign | Total | |||||||||||||
net of tax | adjustments | currency | accumulated | ||||||||||||||
translation | other | ||||||||||||||||
adjustment | comprehensive | ||||||||||||||||
loss | |||||||||||||||||
Balance at July 1, 2013 | $ | 6 | $ | (2 | ) | $ | (24 | ) | $ | (20 | ) | ||||||
Other comprehensive income (loss) before reclassifications | (2 | ) | — | 2 | — | ||||||||||||
Amounts reclassified from accumulated other comprehensive income | 1 | — | — | 1 | |||||||||||||
Net current-period other comprehensive income (loss) | (1 | ) | — | 2 | 1 | ||||||||||||
Balance at September 30, 2013 | $ | 5 | $ | (2 | ) | $ | (22 | ) | $ | (19 | ) | ||||||
Changes in accumulated other comprehensive income (loss) by component, net of tax, for the nine months ended September 30, 2013: | |||||||||||||||||
(Dollars in millions) | Interest rate swap, | Pension | Foreign | Total | |||||||||||||
net of tax | adjustments | currency | accumulated | ||||||||||||||
translation | other | ||||||||||||||||
adjustment | comprehensive | ||||||||||||||||
loss | |||||||||||||||||
Balance at January 1, 2013 | $ | — | $ | (2 | ) | $ | (7 | ) | $ | (9 | ) | ||||||
Other comprehensive income (loss) before reclassifications | 4 | — | (15 | ) | (11 | ) | |||||||||||
Amounts reclassified from accumulated other comprehensive income | 1 | — | — | 1 | |||||||||||||
Net current-period other comprehensive income (loss) | 5 | — | (15 | ) | (10 | ) | |||||||||||
Balance at September 30, 2013 | $ | 5 | $ | (2 | ) | $ | (22 | ) | $ | (19 | ) | ||||||
Venezuelan_Operations
Venezuelan Operations | 9 Months Ended |
Sep. 30, 2013 | |
Segment Reporting [Abstract] | ' |
Venezuelan Operations | ' |
Note 17. Venezuelan Operations | |
As required by U.S. GAAP, effective January 1, 2010, we accounted for Venezuela as a highly inflationary economy because the three-year cumulative inflation rate for Venezuela using the blended Consumer Price Index (which is associated with the city of Caracas) and the National Consumer Price Index (developed commencing in 2008 and covering the entire country of Venezuela) exceeded 100%. | |
Effective January 1, 2010, our Venezuelan subsidiary uses the U.S. Dollar as its functional currency. The financial statements of our subsidiary must be re-measured into the Company’s reporting currency (U.S. Dollar) and future exchange gains and losses from the re-measurement of monetary assets and liabilities are reflected in current earnings, rather than exclusively in the equity section of the balance sheet, until such time as the economy is no longer considered highly inflationary. The local currency in Venezuela is the Bolivar Fuerte (“VEF”). | |
On January 11, 2010, the Venezuelan government devalued the country’s currency. The official exchange rate moved from 2.15 VEF per U.S. Dollar to 2.60 for essential goods and 4.30 for non-essential goods and services with our products falling into the non-essential category. Our business in Venezuela was unsuccessful in obtaining U.S. Dollars at the official exchange rate of 4.30. However, the Central Bank of Venezuela began regulating another rate in May of 2010, which was the official parallel market rate of 5.30 VEF to the U.S. Dollar. The Central Bank of Venezuela also imposed volume restrictions on use of the regulated parallel market. The Company has used the regulated parallel market rate which has been constant at 5.30 VEF per U.S. Dollar since May 2010. | |
On February 8, 2013, the Venezuelan government announced another devaluation of the currency to 6.30 VEF per U.S. Dollar and it eliminated the regulated parallel market rate of 5.3 VEF per U.S. Dollar. We used the official exchange rate of 6.30 VEF per U.S. Dollar to translate the financial statements of our Venezuelan subsidiary to comply with the regulations of Venezuela and are analyzing the impact of the volume restrictions on our business. The currency exchange limitations to date have not had a material effect on our 2013 earnings and cash flow. The one-time devaluation had a $2 million negative impact on our pre-tax net income during the first nine months of 2013. | |
For the first nine months of 2012, our Venezuelan subsidiary represented approximately 3% of our consolidated net sales and it had a net income attributable to the Company of $3 million. The Venezuelan subsidiary also had $15 million of total assets and $12 million of total liabilities as of December 31, 2012. For first nine months of 2013, our Venezuelan subsidiary represented approximately 5% of our consolidated net sales and it had a net income attributable to the Company of $4 million. The Venezuelan subsidiary also had $28 million of total assets and $20 million of total liabilities as of September 30, 2013. |
Subsequent_Event
Subsequent Event | 9 Months Ended |
Sep. 30, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Event | ' |
Note 18. Subsequent Event | |
On October 15, 2013, we announced that we will relocate our corporate office from Ann Arbor, Michigan to Gastonia, North Carolina, which is home to our Filtration group. The transition to the new corporate headquarters will occur in phases during 2014. We are still in the planning stages of this transition and as a consequence the expected costs of this reorganization plan are still being formulated. |
Financial_Information_for_Guar
Financial Information for Guarantors and Non-Guarantors | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Guarantees [Abstract] | ' | ||||||||||||||||||||||||
Financial Information for Guarantors and Non-Guarantors | ' | ||||||||||||||||||||||||
Note 19. Financial Information for Guarantors and Non-Guarantors | |||||||||||||||||||||||||
Affinia Group Intermediate Holdings Inc. (presented as “Parent” in the following schedules), through its 100% owned subsidiary, Affinia Group Inc. (presented as Issuer in the following schedules), issued $250 million of Senior Notes on April 25, 2013. As of September 30, 2013, there were $250 million of Senior Notes outstanding. The notes were offered only to qualified institutional buyers and certain persons in offshore transactions | |||||||||||||||||||||||||
The Senior Notes are fully, irrevocably, unconditionally and jointly and severally guaranteed on a senior unsecured basis. The Senior Notes are general obligations of the Issuer and guaranteed by the Parent and the Guarantors. | |||||||||||||||||||||||||
The following unaudited information presents Condensed Consolidating Statements of Operations for the three and nine months ended September 30, 2012 and 2013, Condensed Consolidating Statements of Comprehensive Loss for the three and nine months ended September 30, 2012 and 2013, Condensed Consolidating Balance Sheets as of December 31, 2012 and September 30, 2013 and Condensed Consolidating Statements of Cash Flows for the nine months ended September 30, 2012 and 2013 of (1) the Parent, (2) the Issuer, (3) the Guarantors, (4) the Non-Guarantors, and (5) eliminations to arrive at the information for the Company on a consolidated basis. | |||||||||||||||||||||||||
Affinia Group Intermediate Holdings Inc. | |||||||||||||||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Operations | |||||||||||||||||||||||||
For the Three Months Ended September 30, 2012 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Net sales | $ | — | $ | — | $ | 202 | $ | 286 | $ | (113 | ) | $ | 375 | ||||||||||||
Cost of sales | — | — | (159 | ) | (241 | ) | 113 | (287 | ) | ||||||||||||||||
Gross profit | — | — | 43 | 45 | — | 88 | |||||||||||||||||||
Selling, general and administrative expenses | — | (13 | ) | (16 | ) | (21 | ) | — | (50 | ) | |||||||||||||||
Operating profit (loss) | — | (13 | ) | 27 | 24 | — | 38 | ||||||||||||||||||
Other income (loss), net | — | — | (1 | ) | 3 | — | 2 | ||||||||||||||||||
Interest expense | — | (15 | ) | — | (1 | ) | — | (16 | ) | ||||||||||||||||
Income (loss) from continuing operations before income tax provision, net of tax, equity in income, net of tax and noncontrolling interest | — | (28 | ) | 26 | 26 | — | 24 | ||||||||||||||||||
Income tax provision | — | (2 | ) | — | (8 | ) | — | (10 | ) | ||||||||||||||||
Equity in income, net of tax | 4 | 34 | 12 | 1 | (50 | ) | 1 | ||||||||||||||||||
Net income from continuing operations | 4 | 4 | 38 | 19 | (50 | ) | 15 | ||||||||||||||||||
Loss from discontinued operations, net of tax | — | — | (3 | ) | (7 | ) | — | (10 | ) | ||||||||||||||||
Net income | 4 | 4 | 35 | 12 | (50 | ) | 5 | ||||||||||||||||||
Less: net income attributable to noncontrolling interest, net of tax | — | — | 1 | — | — | 1 | |||||||||||||||||||
Net income attributable to the Company | $ | 4 | $ | 4 | $ | 34 | $ | 12 | $ | (50 | ) | $ | 4 | ||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Comprehensive Loss | |||||||||||||||||||||||||
For the Three Months Ended September 30, 2012 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Net income | $ | 4 | $ | 4 | $ | 35 | $ | 12 | $ | (50 | ) | $ | 5 | ||||||||||||
Other comprehensive income, net of tax: | |||||||||||||||||||||||||
Change in foreign currency translation adjustments | 11 | 11 | — | 11 | (22 | ) | 11 | ||||||||||||||||||
Total other comprehensive income | 11 | 11 | — | 11 | (22 | ) | 11 | ||||||||||||||||||
Total comprehensive income | 15 | 15 | 35 | 23 | (72 | ) | 16 | ||||||||||||||||||
Less: comprehensive income attributable to noncontrolling interest, net of tax | — | — | 1 | — | — | 1 | |||||||||||||||||||
Comprehensive income attributable to the Company | $ | 15 | $ | 15 | $ | 34 | $ | 23 | $ | (72 | ) | $ | 15 | ||||||||||||
Affinia Group Intermediate Holdings Inc. | |||||||||||||||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Operations | |||||||||||||||||||||||||
For the Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Net sales | $ | — | $ | — | $ | 611 | $ | 784 | $ | (283 | ) | $ | 1,112 | ||||||||||||
Cost of sales | — | — | (495 | ) | (646 | ) | 283 | (858 | ) | ||||||||||||||||
Gross profit | — | — | 116 | 138 | — | 254 | |||||||||||||||||||
Selling, general and administrative expenses | — | (35 | ) | (51 | ) | (62 | ) | — | (148 | ) | |||||||||||||||
Operating profit (loss) | — | (35 | ) | 65 | 76 | — | 106 | ||||||||||||||||||
Loss on extinguishment of debt | — | (1 | ) | — | — | — | (1 | ) | |||||||||||||||||
Other income (loss), net | — | 1 | (4 | ) | 5 | — | 2 | ||||||||||||||||||
Interest expense | — | (47 | ) | — | (1 | ) | — | (48 | ) | ||||||||||||||||
Income (loss) from continuing operations before income tax provision, equity in income (loss), net of tax and noncontrolling interest | — | (82 | ) | 61 | 80 | — | 59 | ||||||||||||||||||
Income tax provision | — | (4 | ) | — | (20 | ) | — | (24 | ) | ||||||||||||||||
Equity in income (loss), net of tax | (22 | ) | 64 | 18 | 1 | (60 | ) | 1 | |||||||||||||||||
Net income (loss) from continuing operations | (22 | ) | (22 | ) | 79 | 61 | (60 | ) | 36 | ||||||||||||||||
Loss from discontinued operations, net of tax | — | — | (14 | ) | (43 | ) | — | (57 | ) | ||||||||||||||||
Net income (loss) | (22 | ) | (22 | ) | 65 | 18 | (60 | ) | (21 | ) | |||||||||||||||
Less: net income attributable to noncontrolling interest, net of tax | — | — | 1 | — | — | 1 | |||||||||||||||||||
Net income (loss) attributable to the Company | $ | (22 | ) | $ | (22 | ) | $ | 64 | $ | 18 | $ | (60 | ) | $ | (22 | ) | |||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Comprehensive Income | |||||||||||||||||||||||||
For the Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Net income (loss) | $ | (22 | ) | $ | (22 | ) | $ | 65 | $ | 18 | $ | (60 | ) | $ | (21 | ) | |||||||||
Other comprehensive income, net of tax: | |||||||||||||||||||||||||
Change in foreign currency translation adjustments | — | — | — | — | — | — | |||||||||||||||||||
Total other comprehensive income | — | — | — | — | — | — | |||||||||||||||||||
Total comprehensive income (loss) | (22 | ) | (22 | ) | 65 | 18 | (60 | ) | (21 | ) | |||||||||||||||
Less: comprehensive income attributable to noncontrolling interest, net of tax | — | — | 1 | — | — | 1 | |||||||||||||||||||
Comprehensive income (loss) attributable to the Company | $ | (22 | ) | $ | (22 | ) | $ | 64 | $ | 18 | $ | (60 | ) | $ | (22 | ) | |||||||||
Affinia Group Intermediate Holdings Inc. | |||||||||||||||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Operations | |||||||||||||||||||||||||
For the Three Months Ended September 30, 2013 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Net sales | $ | — | $ | — | $ | 204 | $ | 241 | $ | (44 | ) | $ | 401 | ||||||||||||
Cost of sales | — | — | (166 | ) | (186 | ) | 44 | (308 | ) | ||||||||||||||||
Gross profit | — | — | 38 | 55 | — | 93 | |||||||||||||||||||
Selling, general and administrative expenses | — | (16 | ) | (17 | ) | (24 | ) | — | (57 | ) | |||||||||||||||
Operating profit (loss) | — | (16 | ) | 21 | 31 | — | 36 | ||||||||||||||||||
Other loss, net | — | (1 | ) | — | — | — | (1 | ) | |||||||||||||||||
Interest expense | — | (15 | ) | — | — | — | (15 | ) | |||||||||||||||||
Income (loss) from continuing operations before income tax provision, equity in income (loss), net of tax and noncontrolling interest | — | (32 | ) | 21 | 31 | — | 20 | ||||||||||||||||||
Income tax provision | — | (2 | ) | (2 | ) | (5 | ) | — | (9 | ) | |||||||||||||||
Equity in income (loss), net of tax | 9 | 43 | 24 | (2 | ) | (76 | ) | (2 | ) | ||||||||||||||||
Net income from continuing operations | 9 | 9 | 43 | 24 | (76 | ) | 9 | ||||||||||||||||||
Loss from discontinued operations, net of tax | — | — | — | — | — | — | |||||||||||||||||||
Net income | 9 | 9 | 43 | 24 | (76 | ) | 9 | ||||||||||||||||||
Less: net income attributable to noncontrolling interest, net of tax | — | — | — | — | — | — | |||||||||||||||||||
Net income attributable to the Company | $ | 9 | $ | 9 | $ | 43 | $ | 24 | $ | (76 | ) | $ | 9 | ||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Comprehensive Income | |||||||||||||||||||||||||
For the Three Months Ended September 30, 2013 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Net income | $ | 9 | $ | 9 | $ | 43 | $ | 24 | $ | (76 | ) | $ | 9 | ||||||||||||
Other comprehensive income (loss), net of tax: | |||||||||||||||||||||||||
Interest rate swap, net of tax | (1 | ) | (1 | ) | — | — | 1 | (1 | ) | ||||||||||||||||
Change in foreign currency translation adjustments | 2 | 2 | — | 2 | (4 | ) | 2 | ||||||||||||||||||
Total other comprehensive income | 1 | 1 | — | 2 | (3 | ) | 1 | ||||||||||||||||||
Total comprehensive income | 10 | 10 | 43 | 26 | (79 | ) | 10 | ||||||||||||||||||
Less: comprehensive income attributable to noncontrolling interest, net of tax | — | — | — | — | — | — | |||||||||||||||||||
Comprehensive income attributable to the Company | $ | 10 | $ | 10 | $ | 43 | $ | 26 | $ | (79 | ) | $ | 10 | ||||||||||||
Affinia Group Intermediate Holdings Inc. | |||||||||||||||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Operations | |||||||||||||||||||||||||
For the Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Net sales | $ | — | $ | — | $ | 617 | $ | 672 | $ | (119 | ) | $ | 1,170 | ||||||||||||
Cost of sales | — | — | (495 | ) | (524 | ) | 119 | (900 | ) | ||||||||||||||||
Gross profit | — | — | 122 | 148 | — | 270 | |||||||||||||||||||
Selling, general and administrative expenses | — | (28 | ) | (65 | ) | (68 | ) | — | (161 | ) | |||||||||||||||
Operating profit (loss) | — | (28 | ) | 57 | 80 | — | 109 | ||||||||||||||||||
Loss on extinguishment of debt | — | (15 | ) | — | — | — | (15 | ) | |||||||||||||||||
Other loss, net | — | (1 | ) | (1 | ) | (1 | ) | — | (3 | ) | |||||||||||||||
Interest expense | — | (57 | ) | — | (1 | ) | — | (58 | ) | ||||||||||||||||
Income (loss) from continuing operations before income tax provision, equity in income (loss), net of tax and noncontrolling interest | — | (101 | ) | 56 | 78 | — | 33 | ||||||||||||||||||
Income tax provision | — | — | — | (16 | ) | — | (16 | ) | |||||||||||||||||
Equity in income (loss), net of tax | 14 | 115 | 44 | (2 | ) | (173 | ) | (2 | ) | ||||||||||||||||
Net income from continuing operations | 14 | 14 | 100 | 60 | (173 | ) | 15 | ||||||||||||||||||
Income (loss) from discontinued operations, net of tax | — | — | 15 | (16 | ) | — | (1 | ) | |||||||||||||||||
Net income | 14 | 14 | 115 | 44 | (173 | ) | 14 | ||||||||||||||||||
Less: net income attributable to noncontrolling interest, net of tax | — | — | — | — | — | — | |||||||||||||||||||
Net income attributable to the Company | $ | 14 | $ | 14 | $ | 115 | $ | 44 | $ | (173 | ) | $ | 14 | ||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Comprehensive Income | |||||||||||||||||||||||||
For the Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Net income | $ | 14 | $ | 14 | $ | 115 | $ | 44 | $ | (173 | ) | $ | 14 | ||||||||||||
Other comprehensive income (loss), net of tax: | |||||||||||||||||||||||||
Interest rate swap, net of tax | 5 | 5 | — | — | (5 | ) | 5 | ||||||||||||||||||
Change in foreign currency translation adjustments | (15 | ) | (15 | ) | — | (15 | ) | 30 | (15 | ) | |||||||||||||||
Total other comprehensive loss | (10 | ) | (10 | ) | — | (15 | ) | 25 | (10 | ) | |||||||||||||||
Total comprehensive income | 4 | 4 | 115 | 29 | (148 | ) | 4 | ||||||||||||||||||
Less: comprehensive income attributable to noncontrolling interest, net of tax | — | — | — | — | — | — | |||||||||||||||||||
Comprehensive income attributable to the Company | $ | 4 | $ | 4 | $ | 115 | $ | 29 | $ | (148 | ) | $ | 4 | ||||||||||||
Affinia Group Intermediate Holdings Inc. | |||||||||||||||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Balance Sheet | |||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||
Current assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 23 | $ | — | $ | 28 | $ | — | $ | 51 | |||||||||||||
Accounts receivable | — | 2 | 39 | 122 | — | 163 | |||||||||||||||||||
Inventories | — | — | 172 | 132 | — | 304 | |||||||||||||||||||
Other current assets | — | 15 | 9 | 41 | — | 65 | |||||||||||||||||||
Total current assets | — | 40 | 220 | 323 | — | 583 | |||||||||||||||||||
Investments and other assets | — | 197 | 41 | 20 | — | 258 | |||||||||||||||||||
Intercompany investments | 150 | 724 | 652 | — | (1,526 | ) | — | ||||||||||||||||||
Intercompany receivables (payables) | — | (227 | ) | (134 | ) | 361 | — | — | |||||||||||||||||
Property, plant and equipment, net | — | 2 | 48 | 69 | — | 119 | |||||||||||||||||||
Total assets | $ | 150 | $ | 736 | $ | 827 | $ | 773 | $ | (1,526 | ) | $ | 960 | ||||||||||||
Liabilities and shareholder’s equity | |||||||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||||||
Accounts payable | $ | — | $ | 11 | $ | 79 | $ | 53 | $ | — | $ | 143 | |||||||||||||
Notes payable | — | — | — | 23 | — | 23 | |||||||||||||||||||
Accrued payroll and employee benefits | — | 7 | 3 | 7 | — | 17 | |||||||||||||||||||
Other accrued expenses | — | 15 | 21 | 32 | — | 68 | |||||||||||||||||||
Total current liabilities | — | 33 | 103 | 115 | — | 251 | |||||||||||||||||||
Deferred employee benefits and noncurrent liabilities | — | 6 | — | 6 | — | 12 | |||||||||||||||||||
Long-term debt | — | 546 | — | — | — | 546 | |||||||||||||||||||
Total liabilities | — | 585 | 103 | 121 | — | 809 | |||||||||||||||||||
Total shareholder’s equity | 150 | 151 | 724 | 652 | (1,526 | ) | 151 | ||||||||||||||||||
Total liabilities and equity | $ | 150 | $ | 736 | $ | 827 | $ | 773 | $ | (1,526 | ) | $ | 960 | ||||||||||||
Affinia Group Intermediate Holdings Inc. | |||||||||||||||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Balance Sheet | |||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||
Current assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 53 | $ | — | $ | 33 | $ | — | $ | 86 | |||||||||||||
Trade accounts receivable | — | — | 50 | 132 | — | 182 | |||||||||||||||||||
Inventories, net | — | — | 166 | 136 | — | 302 | |||||||||||||||||||
Other current assets | — | 30 | 7 | 57 | — | 94 | |||||||||||||||||||
Total current assets | — | 83 | 223 | 358 | — | 664 | |||||||||||||||||||
Investments and other assets | — | 148 | 74 | 25 | — | 247 | |||||||||||||||||||
Intercompany investments | (197 | ) | 1,154 | 704 | — | (1,661 | ) | — | |||||||||||||||||
Intercompany receivables (payables) | — | (625 | ) | 221 | 404 | — | — | ||||||||||||||||||
Property, plant and equipment, net | — | 2 | 53 | 69 | — | 124 | |||||||||||||||||||
Total assets | $ | (197 | ) | $ | 762 | $ | 1,275 | $ | 856 | $ | (1,661 | ) | $ | 1,035 | |||||||||||
Liabilities and shareholder’s equity | |||||||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||||||
Accounts payable | $ | — | $ | 7 | $ | 90 | $ | 69 | $ | — | $ | 166 | |||||||||||||
Notes payable | — | — | — | 22 | — | 22 | |||||||||||||||||||
Accrued payroll and employee benefits | — | 4 | 6 | 11 | — | 21 | |||||||||||||||||||
Other accrued expenses | — | 23 | 24 | 45 | — | 92 | |||||||||||||||||||
Total current liabilities | — | 34 | 120 | 147 | — | 301 | |||||||||||||||||||
Deferred employee benefits and noncurrent liabilities | — | 8 | 1 | 5 | — | 14 | |||||||||||||||||||
Long-term debt | — | 916 | — | — | — | 916 | |||||||||||||||||||
Total liabilities | — | 958 | 121 | 152 | — | 1,231 | |||||||||||||||||||
Total shareholder’s equity | (197 | ) | (196 | ) | 1,154 | 704 | (1,661 | ) | (196 | ) | |||||||||||||||
Total liabilities and shareholder’s equity | $ | (197 | ) | $ | 762 | $ | 1,275 | $ | 856 | $ | (1,661 | ) | $ | 1,035 | |||||||||||
Affinia Group Intermediate Holdings Inc. | |||||||||||||||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Cash Flows | |||||||||||||||||||||||||
For the Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Elimination | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Operating activities | |||||||||||||||||||||||||
Net cash provided by operating activities | $ | — | $ | 70 | $ | 6 | $ | 12 | $ | — | $ | 88 | |||||||||||||
Investing activities | |||||||||||||||||||||||||
Change in restricted cash | — | — | — | 1 | — | 1 | |||||||||||||||||||
Additions to property, plant and equipment | — | — | (7 | ) | (12 | ) | — | (19 | ) | ||||||||||||||||
Proceeds from sales of assets | — | — | 1 | 3 | — | 4 | |||||||||||||||||||
Net cash used in investing activities | — | — | (6 | ) | (8 | ) | — | (14 | ) | ||||||||||||||||
Financing activities | |||||||||||||||||||||||||
Net decrease in other short-term debt | — | — | — | (4 | ) | — | (4 | ) | |||||||||||||||||
Payments of other debt | — | — | — | (2 | ) | — | (2 | ) | |||||||||||||||||
Repayment on Secured Notes | — | (23 | ) | — | — | — | (23 | ) | |||||||||||||||||
Net payments of ABL Revolver | — | (50 | ) | — | — | — | (50 | ) | |||||||||||||||||
Net cash used in financing activities | — | (73 | ) | — | (6 | ) | — | (79 | ) | ||||||||||||||||
Effect of exchange rates on cash | — | — | — | — | — | — | |||||||||||||||||||
Decrease in cash and cash equivalents | — | (3 | ) | — | (2 | ) | — | (5 | ) | ||||||||||||||||
Cash and cash equivalents at beginning of the period | — | 9 | — | 45 | — | 54 | |||||||||||||||||||
Cash and cash equivalents at end of the period | $ | — | $ | 6 | $ | — | $ | 43 | $ | — | $ | 49 | |||||||||||||
Affinia Group Intermediate Holdings Inc. | |||||||||||||||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Cash Flows | |||||||||||||||||||||||||
For the Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Elimination | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Operating activities | |||||||||||||||||||||||||
Net cash provided by operating activities | $ | — | $ | 43 | $ | 10 | $ | 16 | $ | — | $ | 69 | |||||||||||||
Investing activities | |||||||||||||||||||||||||
Investment in companies, net of cash acquired | — | — | — | (1 | ) | — | (1 | ) | |||||||||||||||||
Additions to property, plant and equipment | — | — | (10 | ) | (8 | ) | — | (18 | ) | ||||||||||||||||
Net cash used in investing activities | — | — | (10 | ) | (9 | ) | — | (19 | ) | ||||||||||||||||
Financing activities | |||||||||||||||||||||||||
Net decrease in other short-term debt | — | — | — | (1 | ) | — | (1 | ) | |||||||||||||||||
Repayment of Secured Notes | — | (195 | ) | — | — | — | (195 | ) | |||||||||||||||||
Repayment of Subordinated Notes | — | (367 | ) | — | — | — | (367 | ) | |||||||||||||||||
Repayment on Term Loans | — | (1 | ) | — | — | — | (1 | ) | |||||||||||||||||
Proceeds from Senior Notes | — | 250 | — | — | — | 250 | |||||||||||||||||||
Proceeds from Term Loans | — | 667 | — | — | — | 667 | |||||||||||||||||||
Distribution to our shareholder | — | (352 | ) | — | — | — | (352 | ) | |||||||||||||||||
Payment of deferred financing costs | — | (15 | ) | — | — | — | (15 | ) | |||||||||||||||||
Net cash used in financing activities | — | (13 | ) | — | (1 | ) | — | (14 | ) | ||||||||||||||||
Effect of exchange rates on cash | — | — | — | (1 | ) | — | (1 | ) | |||||||||||||||||
Increase in cash and cash equivalents | — | 30 | — | 5 | — | 35 | |||||||||||||||||||
Cash and cash equivalents at beginning of the period | — | 23 | — | 28 | — | 51 | |||||||||||||||||||
Cash and cash equivalents at end of the period | $ | — | $ | 53 | $ | — | $ | 33 | $ | — | $ | 86 | |||||||||||||
New_Accounting_Pronouncements_
New Accounting Pronouncements (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Changes And Error Corrections [Abstract] | ' |
Comprehensive Income | ' |
In February 2013, the FASB issued Accounting Standards Update (“ASU”) 2013-02, “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income,” which requires an entity to report the effect of significant reclassifications out of accumulated other comprehensive income on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. This guidance is effective for reporting periods beginning after December 15, 2012. The implementation of ASU 2013-02 resulted in financial statement disclosure changes only. Please refer to “Note 16. Changes in Accumulated Other Comprehensive Income (Loss)” for disclosure. | |
Intangibles - Goodwill and Other | ' |
In July 2012, the FASB amended Accounting Standards Codification (“ASC”) 350, “Intangibles – Goodwill and Other” with ASU 2012-02, “Intangibles – Goodwill and Other (Topic 350): Testing Indefinite-lived Intangible Assets for Impairment.” Under the revised guidance, an organization has the option to first assess qualitative factors to determine whether it is necessary to perform the quantitative impairment test. An organization electing to perform a qualitative assessment is no longer required to calculate the fair value of an indefinite-lived intangible asset unless the organization determines, based on a qualitative assessment, that it is “more likely than not” that the asset is impaired. The guidance is effective for impairment tests for fiscal years beginning after September 15, 2012. We test indefinite-lived intangible assets for impairment on an annual basis as of December 31 of each year, unless conditions arise that would require a more frequent evaluation. Adoption of this guidance will not impact our financial condition or results of operations. | |
Interest Rate for Hedge Accounting Purposes | ' |
In July 2013, the FASB issued ASU 2013-10, “Inclusion of the Fed Funds Effective Swap Rate (or Overnight Index Swap Rate) as a Benchmark Interest Rate for Hedge Accounting Purposes.” ASU 2013-10 allows the Fed Funds Effective Swap Rate (OIS) to be designated as a U.S. benchmark interest rate for hedge accounting purposes, in addition to interest rates on direct Treasury obligations of the U.S. government and the London Interbank Offered Rate. The amendments also remove the restriction on using different benchmark rates for similar hedges. The amendments are effective prospectively for qualifying new or redesignated hedging relationships entered into on or after July 17, 2013. The Company does not anticipate the requirements of ASU 2013-10 will have a material impact on the condensed consolidated financial statements. | |
Unrecognized Tax Benefit | ' |
In July 2013, the FASB issued ASU 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.” ASU 2013-11 clarifies guidance and eliminates diversity in practice on the presentation of unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. This new guidance is effective for annual reporting periods beginning on or after December 15, 2013 and subsequent interim periods. The Company is currently assessing the impact, if any, on the condensed consolidated financial statements. |
Refinancing_Tables
Refinancing (Tables) | 9 Months Ended | ||||||||||||||
Sep. 30, 2013 | |||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||
Summary of Sources and Uses of Refinancing | ' | ||||||||||||||
The sources and uses of proceeds of the refinancing consisted of the following: | |||||||||||||||
(Dollars in millions) | Sources | Uses | |||||||||||||
Term Loan B-1(1) | $ | 199 | Redeemed Secured Notes | $ | 180 | ||||||||||
Term Loan B-2(1) | 468 | Redeemed Subordinated Notes | 367 | ||||||||||||
Senior Notes | 250 | Distribution to Shareholder: | |||||||||||||
Cash on hand | 31 | Redeemed Holdings’ Preferred Shares(2) | 156 | ||||||||||||
Repaid Holdings’ Seller Note(2) | 61 | ||||||||||||||
Distribution to Holdings’ Stockholders(2) | 133 | ||||||||||||||
Total distribution to Shareholder(2) | 350 | ||||||||||||||
Interest payments on Secured and Subordinated Notes | 21 | ||||||||||||||
Call premium on Secured Notes | 15 | ||||||||||||||
Deferred financing costs(3) | 15 | ||||||||||||||
$ | 948 | $ | 948 | ||||||||||||
-1 | Less original issue discount of $2 million for Term Loan B-2 and $1 million for Term Loan B-1. | ||||||||||||||
-2 | A distribution to our shareholder of $350 million was used for redemption of its preferred shares, payment of its debt and a distribution to its stockholders. | ||||||||||||||
-3 | The deferred financing costs paid on the date of the refinancing were $13 million and $2 million was subsequently paid in the remainder of the second quarter of 2013. |
Debt_Tables
Debt (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Debt Disclosure [Abstract] | ' | ||||||||||||
Schedule of Debt | ' | ||||||||||||
Our debt consists of notes that are publicly traded, an ABL Revolver, term loans and other short-term borrowings. Our debt consisted of the following: | |||||||||||||
(Dollars in millions) | December 31, | September 30, | |||||||||||
2012 | 2013 | ||||||||||||
9% Senior subordinated notes, due November 2014 | $ | 367 | — | ||||||||||
10.75% Senior secured notes, due August 2016 | 179 | — | |||||||||||
7.75% Senior notes, due May 2021 | — | 250 | |||||||||||
Term Loan B-1, due April 2016 | — | 199 | |||||||||||
Term Loan B-2, due April 2020 | — | 467 | |||||||||||
ABL revolver, due April 2018 | — | — | |||||||||||
Other debt(1) | 23 | 22 | |||||||||||
569 | 938 | ||||||||||||
Less: current portion(1) | (23 | ) | (22 | ) | |||||||||
$ | 546 | $ | 916 | ||||||||||
-1 | The other debt of $23 million as of December 31, 2012 consisted of $20 million related to our Poland filtration operations and $3 million related to our China filtration operations. The other debt of $22 million as of September 30, 2013 consisted of $20 million related to our Poland filtration operations and $2 million related to our China filtration operations. | ||||||||||||
Schedule of Fair Value of Debt, Net of Discount | ' | ||||||||||||
The fair value framework requires the categorization of our debt into three levels based upon the assumptions (inputs) used to determine fair value. The fair value of debt and the categorization of the hierarchy level of fair value, net of discount, are as follows: | |||||||||||||
Fair Value of Debt at December 31, 2012 | |||||||||||||
(Dollars in millions) | Book Value | Fair Value | Fair Value | ||||||||||
of Debt | Factor | of Debt | |||||||||||
Senior subordinated notes, due November 2014(1) | $ | 367 | 100.25 | % | $ | 368 | |||||||
Senior secured notes, due August 2016(1) | 179 | 108.43 | % | 194 | |||||||||
ABL revolver, due May 2017(2) | — | 100 | % | — | |||||||||
Other debt(2) | 23 | 100 | % | 23 | |||||||||
Total fair value of debt at December 31, 2012 | $ | 585 | |||||||||||
Fair Value of Debt at September 30, 2013 | |||||||||||||
(Dollars in millions) | Book Value | Fair Value | Fair Value | ||||||||||
of Debt | Factor | of Debt | |||||||||||
Senior notes, due May 2021(1) | $ | 250 | 102.75 | % | $ | 257 | |||||||
Term Loan B-1, due April 2016(1) | 199 | 100.06 | % | 199 | |||||||||
Term Loan B-2, due April 2020(1) | 467 | 99.56 | % | 465 | |||||||||
ABL revolver, due April 2018(2) | — | 100 | % | — | |||||||||
Other debt(2) | 22 | 100 | % | 22 | |||||||||
Total fair value of debt at September 30, 2013 | $ | 943 | |||||||||||
-1 | The fair value of the long-term debt was estimated based on quoted market prices obtained through broker or pricing services and categorized within Level 2 of the hierarchy. The fair value of our debt that is publicly traded in the secondary market is classified as Level 2 and is based on current market yields obtained through broker or pricing services. | ||||||||||||
-2 | The carrying value of fixed rate short-term debt approximates fair value because of the short term nature of these instruments, and the carrying value of the Company’s current floating rate debt instruments approximates fair value because of the variable interest rates pertaining to those instruments. The fair value of debt is categorized within Level 2 of the hierarchy. | ||||||||||||
Schedule of Interest Rates and Fees | ' | ||||||||||||
Level | Average | Base Rate Loans and | LIBOR Loans | ||||||||||
Aggregate | Swingline Loans | ||||||||||||
Availability | |||||||||||||
I | <$50,000,000 | 1 | % | 2 | % | ||||||||
II | > $50,000,000 | 0.75 | % | 1.75 | % | ||||||||
but < | |||||||||||||
$100,000,000 | |||||||||||||
III | > $100,000,000 | 0.5 | % | 1.5 | % | ||||||||
Summarizes Deferred Financing Activity | ' | ||||||||||||
The following table summarizes the deferred financing activity from December 31, 2012 to September 30, 2013: | |||||||||||||
(Dollars in millions) | |||||||||||||
Balance at December 31, 2012 | $ | 15 | |||||||||||
Amortization | (3 | ) | |||||||||||
Write-off of unamortized deferred financing costs | (8 | ) | |||||||||||
Deferred financing costs | 15 | ||||||||||||
Balance at September 30, 2013 | $ | 19 | |||||||||||
Discontinued_Operation_Brake_T
Discontinued Operation - Brake (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Discontinued Operations And Disposal Groups [Abstract] | ' | ||||||||||||||||
Summary of Net Sales, Income (Loss) Before Income Tax Benefit (Provision), Income Tax Benefit (Provision), Loss from Discontinued Operations, Net of Tax, Net Income Attributable to Noncontrolling Interest, Net of Tax and Loss Attributable to the Discontinued Operations | ' | ||||||||||||||||
The table below summarizes the Brake North America and Asia group’s net sales, income (loss) before income tax benefit (provision), income tax benefit (provision), loss from discontinued operations, net of tax, net income attributable to noncontrolling interest, net of tax and loss attributable to the discontinued operations. | |||||||||||||||||
(Dollars in millions) | Three Months | Three Months | Nine Months | Nine Months | |||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||
2012 | 2013 | 2012 | 2013 | ||||||||||||||
Net sales | $ | 159 | $ | — | $ | 480 | $ | — | |||||||||
Income (loss) before income tax benefit (provision) | (19 | ) | — | (91 | ) | 1 | |||||||||||
Income tax benefit (provision) | 9 | — | 34 | (2 | ) | ||||||||||||
Loss from discontinued operations, net of tax | (10 | ) | — | (57 | ) | (1 | ) | ||||||||||
Less: net income attributable to noncontrolling interest, net of tax | 1 | — | 1 | — | |||||||||||||
Loss attributable to the discontinued operations | $ | (11 | ) | $ | — | $ | (58 | ) | $ | (1 | ) | ||||||
Derivatives_Tables
Derivatives (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Currency Forward Contracts [Member] | ' | ||||||||||||||||
Schedule of Forward Contract Currency Gains and Losses | ' | ||||||||||||||||
The currency forward contract gains and losses are as follows: | |||||||||||||||||
(Dollars in millions) | Three Months | Three Months | Nine Months | Nine Months | |||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||
2012 | 2013 | 2012 | 2013 | ||||||||||||||
Gain (loss) on derivative instruments | $ | 2 | $ | — | $ | 2 | $ | — | |||||||||
Interest rate swap [Member] | ' | ||||||||||||||||
Notional Amount and Fair Value of Outstanding Derivatives | ' | ||||||||||||||||
The notional amount and fair value of interest rate swaps outstanding are as follows: | |||||||||||||||||
(Dollars in millions) | Notional Amount | Fair Value | |||||||||||||||
As of September 30, 2013 | $ | 300 | $ | 8 | |||||||||||||
As of December 31, 2012 | $ | — | $ | — |
Inventories_net_Tables
Inventories, net (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Inventory Disclosure [Abstract] | ' | ||||||||
Summary of Inventories | ' | ||||||||
A summary of inventories, net is provided in the table below: | |||||||||
(Dollars in millions) | At December 31, | At September 30, | |||||||
2012 | 2013 | ||||||||
Raw materials | $ | 77 | $ | 67 | |||||
Work- in- process | 19 | 17 | |||||||
Finished goods | 208 | 218 | |||||||
$ | 304 | $ | 302 | ||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Commitments And Contingencies Disclosure [Abstract] | ' | ||||||||
Schedule of Reconciliation of Changes in Return Reserves | ' | ||||||||
A reconciliation of the changes in our return reserves, which is included in other accrued expenses, is as follows: | |||||||||
(Dollars in millions) | Nine Months | Nine Months | |||||||
Ended | Ended | ||||||||
September 30, | September 30, | ||||||||
2012 | 2013 | ||||||||
Beginning balance | $ | 11 | $ | 8 | |||||
Amounts charged to revenue | 14 | 12 | |||||||
Returns processed | (11 | ) | (10 | ) | |||||
Ending balance | $ | 14 | $ | 10 | |||||
Segment_and_Geographic_Informa1
Segment and Geographic Information (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Segment Reporting [Abstract] | ' | ||||||||||||||||
Reconciliation of Sales, Operating Profit, Total Assets, Depreciation and Amortization and Capital Expenditures | ' | ||||||||||||||||
Discontinued Operation—Brake.” Segment net sales, operating profit, total assets, depreciation and amortization and capital expenditures were as follows: | |||||||||||||||||
Net Sales | |||||||||||||||||
(Dollars in millions) | Three Months | Three Months | Nine Months | Nine Months | |||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||
2012 | 2013 | 2012 | 2013 | ||||||||||||||
On and Off-Highway segment | $ | 375 | $ | 401 | $ | 1,113 | $ | 1,170 | |||||||||
Corporate, eliminations and other | — | — | (1 | ) | — | ||||||||||||
$ | 375 | $ | 401 | $ | 1,112 | $ | 1,170 | ||||||||||
Operating Profit | |||||||||||||||||
(Dollars in millions) | Three Months | Three Months | Nine Months | Nine Months | |||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||
2012 | 2013 | 2012 | 2013 | ||||||||||||||
On and Off-Highway segment | $ | 48 | $ | 50 | $ | 132 | $ | 142 | |||||||||
Corporate, eliminations and other | (10 | ) | (14 | ) | (26 | ) | (33 | ) | |||||||||
$ | 38 | $ | 36 | $ | 106 | $ | 109 | ||||||||||
Total Assets | |||||||||||||||||
(Dollars in millions) | December 31, | September 30, | |||||||||||||||
2012 | 2013 | ||||||||||||||||
On and Off-Highway segment | $ | 720 | $ | 801 | |||||||||||||
Corporate, eliminations and other | 240 | 234 | |||||||||||||||
$ | 960 | $ | 1,035 | ||||||||||||||
Depreciation and Amortization | |||||||||||||||||
(Dollars in millions) | Three Months | Three Months | Nine Months | Nine Months | |||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||
2012 | 2013 | 2012 | 2013 | ||||||||||||||
On and Off-Highway segment | $ | 5 | $ | 5 | $ | 13 | $ | 14 | |||||||||
Corporate, eliminations and other | 1 | — | 4 | 3 | |||||||||||||
$ | 6 | $ | 5 | $ | 17 | $ | 17 | ||||||||||
Capital Expenditures | |||||||||||||||||
(Dollars in millions) | Three Months | Three Months | Nine Months | Nine Months | |||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||
2012 | 2013 | 2012 | 2013 | ||||||||||||||
On and Off-Highway segment | $ | 5 | $ | 8 | $ | 10 | $ | 17 | |||||||||
Corporate, eliminations and other | — | — | — | 1 | |||||||||||||
Total from continuing operations | 5 | 8 | 10 | 18 | |||||||||||||
Discontinued operations | 3 | — | 9 | — | |||||||||||||
$ | 8 | $ | 8 | $ | 19 | $ | 18 | ||||||||||
Net Sales by Geographic Region | ' | ||||||||||||||||
Net sales by geographic region were determined based on origin of sale and are as follows: | |||||||||||||||||
(Dollars in millions) | Three Months | Three Months | Nine Months | Nine Months | |||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||
2012 | 2013 | 2012 | 2013 | ||||||||||||||
Brazil | $ | 100 | $ | 105 | $ | 299 | $ | 311 | |||||||||
Canada | 19 | 17 | 55 | 53 | |||||||||||||
Poland | 36 | 43 | 108 | 119 | |||||||||||||
Other countries | 36 | 48 | 90 | 120 | |||||||||||||
Total other countries | 191 | 213 | 552 | 603 | |||||||||||||
United States | 184 | 188 | 560 | 567 | |||||||||||||
$ | 375 | $ | 401 | $ | 1,112 | $ | 1,170 | ||||||||||
Geographic Data for Long Lived Assets | ' | ||||||||||||||||
Geographic data for long-lived assets are comprised of property, plant and equipment, goodwill, other intangible assets and deferred financing costs and are as follows: | |||||||||||||||||
(Dollars in millions) | December 31, | September 30, | |||||||||||||||
2012 | 2013 | ||||||||||||||||
Brazil | $ | 14 | $ | 12 | |||||||||||||
China | 17 | 18 | |||||||||||||||
Poland | 29 | 28 | |||||||||||||||
Other countries | 9 | 13 | |||||||||||||||
Total other countries | 69 | 71 | |||||||||||||||
United States | 177 | 182 | |||||||||||||||
$ | 246 | $ | 253 | ||||||||||||||
Company's Sales by Group of Similar Products | ' | ||||||||||||||||
The Company’s sales by group of similar products are as follows: | |||||||||||||||||
(Dollars in millions) | Three Months | Three Months | Nine Months | Nine Months | |||||||||||||
Ended | Ended | Ended | Ended | ||||||||||||||
September 30, | September 30, | September 30, | September 30, | ||||||||||||||
2012 | 2013 | 2012 | 2013 | ||||||||||||||
Filtration products | $ | 212 | $ | 234 | $ | 632 | $ | 678 | |||||||||
Chassis products | 50 | 50 | 153 | 147 | |||||||||||||
Affinia South America products | 113 | 117 | 328 | 345 | |||||||||||||
Corporate, eliminations and other | — | — | (1 | ) | — | ||||||||||||
$ | 375 | $ | 401 | $ | 1,112 | $ | 1,170 | ||||||||||
Stock_Incentive_Plan_Tables
Stock Incentive Plan (Tables) | 9 Months Ended | ||||||||
Sep. 30, 2013 | |||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||
Schedule of Stock Plan Balances for Restricted Stock Units, Stock Options, Deferred Compensation Shares and Stock Awards | ' | ||||||||
A table of the 2005 Stock Plan balances for the restricted stock units, stock options, deferred compensation shares and stock awards is summarized below. | |||||||||
December 31, | September 30, | ||||||||
2012 | 2013 | ||||||||
Restricted stock units | 242,000 | 261,559 | |||||||
Stock options | 26,835 | 26,355 | |||||||
Deferred compensation shares | 30,235 | 37,744 | |||||||
Stock award | 163 | 163 | |||||||
Shares available | 50,767 | 24,179 | |||||||
Number of shares of common stock subject to awards | 350,000 | 350,000 | |||||||
Schedule of Stock Option Activity | ' | ||||||||
The fair value of the stock option grants is amortized to expense over the vesting period. The Company reduces the overall compensation expense by a turnover rate consistent with historical trends. Stock-based compensation expense, which was recorded in selling, general and administrative expenses, and tax related income tax benefits were nil for each of the nine month periods ending September 30, 2012 and 2013, respectively. | |||||||||
Options | |||||||||
Outstanding at December 31, 2012 | 23,835 | ||||||||
Forfeited/expired | (480 | ) | |||||||
Outstanding at September 30, 2013 | 23,355 | ||||||||
Schedule of Restricted Stock Units | ' | ||||||||
If the performance condition is met on the outstanding RSUs we will record expense at that point in time. | |||||||||
RSUs | |||||||||
Outstanding at December 31, 2012 | 242,000 | ||||||||
Granted | 55,170 | ||||||||
Forfeited/expired | (35,611 | ) | |||||||
Outstanding at September 30, 2013 | 261,559 | ||||||||
Changes_in_Accumulated_Other_C1
Changes in Accumulated Other Comprehensive Income (Loss) (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Equity [Abstract] | ' | ||||||||||||||||
Components of Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax | ' | ||||||||||||||||
Changes in accumulated other comprehensive income (loss) by component, net of tax, for the three months ended September 30, 2013: | |||||||||||||||||
(Dollars in millions) | Interest rate swap, | Pension | Foreign | Total | |||||||||||||
net of tax | adjustments | currency | accumulated | ||||||||||||||
translation | other | ||||||||||||||||
adjustment | comprehensive | ||||||||||||||||
loss | |||||||||||||||||
Balance at July 1, 2013 | $ | 6 | $ | (2 | ) | $ | (24 | ) | $ | (20 | ) | ||||||
Other comprehensive income (loss) before reclassifications | (2 | ) | — | 2 | — | ||||||||||||
Amounts reclassified from accumulated other comprehensive income | 1 | — | — | 1 | |||||||||||||
Net current-period other comprehensive income (loss) | (1 | ) | — | 2 | 1 | ||||||||||||
Balance at September 30, 2013 | $ | 5 | $ | (2 | ) | $ | (22 | ) | $ | (19 | ) | ||||||
Changes in accumulated other comprehensive income (loss) by component, net of tax, for the nine months ended September 30, 2013: | |||||||||||||||||
(Dollars in millions) | Interest rate swap, | Pension | Foreign | Total | |||||||||||||
net of tax | adjustments | currency | accumulated | ||||||||||||||
translation | other | ||||||||||||||||
adjustment | comprehensive | ||||||||||||||||
loss | |||||||||||||||||
Balance at January 1, 2013 | $ | — | $ | (2 | ) | $ | (7 | ) | $ | (9 | ) | ||||||
Other comprehensive income (loss) before reclassifications | 4 | — | (15 | ) | (11 | ) | |||||||||||
Amounts reclassified from accumulated other comprehensive income | 1 | — | — | 1 | |||||||||||||
Net current-period other comprehensive income (loss) | 5 | — | (15 | ) | (10 | ) | |||||||||||
Balance at September 30, 2013 | $ | 5 | $ | (2 | ) | $ | (22 | ) | $ | (19 | ) | ||||||
Financial_Information_for_Guar1
Financial Information for Guarantors and Non-Guarantors (Tables) | 9 Months Ended | ||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||
Guarantees [Abstract] | ' | ||||||||||||||||||||||||
Guarantor Condensed Consolidating Statement of Operations | ' | ||||||||||||||||||||||||
Affinia Group Intermediate Holdings Inc. | |||||||||||||||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Operations | |||||||||||||||||||||||||
For the Three Months Ended September 30, 2012 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Net sales | $ | — | $ | — | $ | 202 | $ | 286 | $ | (113 | ) | $ | 375 | ||||||||||||
Cost of sales | — | — | (159 | ) | (241 | ) | 113 | (287 | ) | ||||||||||||||||
Gross profit | — | — | 43 | 45 | — | 88 | |||||||||||||||||||
Selling, general and administrative expenses | — | (13 | ) | (16 | ) | (21 | ) | — | (50 | ) | |||||||||||||||
Operating profit (loss) | — | (13 | ) | 27 | 24 | — | 38 | ||||||||||||||||||
Other income (loss), net | — | — | (1 | ) | 3 | — | 2 | ||||||||||||||||||
Interest expense | — | (15 | ) | — | (1 | ) | — | (16 | ) | ||||||||||||||||
Income (loss) from continuing operations before income tax provision, net of tax, equity in income, net of tax and noncontrolling interest | — | (28 | ) | 26 | 26 | — | 24 | ||||||||||||||||||
Income tax provision | — | (2 | ) | — | (8 | ) | — | (10 | ) | ||||||||||||||||
Equity in income, net of tax | 4 | 34 | 12 | 1 | (50 | ) | 1 | ||||||||||||||||||
Net income from continuing operations | 4 | 4 | 38 | 19 | (50 | ) | 15 | ||||||||||||||||||
Loss from discontinued operations, net of tax | — | — | (3 | ) | (7 | ) | — | (10 | ) | ||||||||||||||||
Net income | 4 | 4 | 35 | 12 | (50 | ) | 5 | ||||||||||||||||||
Less: net income attributable to noncontrolling interest, net of tax | — | — | 1 | — | — | 1 | |||||||||||||||||||
Net income attributable to the Company | $ | 4 | $ | 4 | $ | 34 | $ | 12 | $ | (50 | ) | $ | 4 | ||||||||||||
Affinia Group Intermediate Holdings Inc. | |||||||||||||||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Operations | |||||||||||||||||||||||||
For the Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Net sales | $ | — | $ | — | $ | 611 | $ | 784 | $ | (283 | ) | $ | 1,112 | ||||||||||||
Cost of sales | — | — | (495 | ) | (646 | ) | 283 | (858 | ) | ||||||||||||||||
Gross profit | — | — | 116 | 138 | — | 254 | |||||||||||||||||||
Selling, general and administrative expenses | — | (35 | ) | (51 | ) | (62 | ) | — | (148 | ) | |||||||||||||||
Operating profit (loss) | — | (35 | ) | 65 | 76 | — | 106 | ||||||||||||||||||
Loss on extinguishment of debt | — | (1 | ) | — | — | — | (1 | ) | |||||||||||||||||
Other income (loss), net | — | 1 | (4 | ) | 5 | — | 2 | ||||||||||||||||||
Interest expense | — | (47 | ) | — | (1 | ) | — | (48 | ) | ||||||||||||||||
Income (loss) from continuing operations before income tax provision, equity in income (loss), net of tax and noncontrolling interest | — | (82 | ) | 61 | 80 | — | 59 | ||||||||||||||||||
Income tax provision | — | (4 | ) | — | (20 | ) | — | (24 | ) | ||||||||||||||||
Equity in income (loss), net of tax | (22 | ) | 64 | 18 | 1 | (60 | ) | 1 | |||||||||||||||||
Net income (loss) from continuing operations | (22 | ) | (22 | ) | 79 | 61 | (60 | ) | 36 | ||||||||||||||||
Loss from discontinued operations, net of tax | — | — | (14 | ) | (43 | ) | — | (57 | ) | ||||||||||||||||
Net income (loss) | (22 | ) | (22 | ) | 65 | 18 | (60 | ) | (21 | ) | |||||||||||||||
Less: net income attributable to noncontrolling interest, net of tax | — | — | 1 | — | — | 1 | |||||||||||||||||||
Net income (loss) attributable to the Company | $ | (22 | ) | $ | (22 | ) | $ | 64 | $ | 18 | $ | (60 | ) | $ | (22 | ) | |||||||||
Affinia Group Intermediate Holdings Inc. | |||||||||||||||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Operations | |||||||||||||||||||||||||
For the Three Months Ended September 30, 2013 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Net sales | $ | — | $ | — | $ | 204 | $ | 241 | $ | (44 | ) | $ | 401 | ||||||||||||
Cost of sales | — | — | (166 | ) | (186 | ) | 44 | (308 | ) | ||||||||||||||||
Gross profit | — | — | 38 | 55 | — | 93 | |||||||||||||||||||
Selling, general and administrative expenses | — | (16 | ) | (17 | ) | (24 | ) | — | (57 | ) | |||||||||||||||
Operating profit (loss) | — | (16 | ) | 21 | 31 | — | 36 | ||||||||||||||||||
Other loss, net | — | (1 | ) | — | — | — | (1 | ) | |||||||||||||||||
Interest expense | — | (15 | ) | — | — | — | (15 | ) | |||||||||||||||||
Income (loss) from continuing operations before income tax provision, equity in income (loss), net of tax and noncontrolling interest | — | (32 | ) | 21 | 31 | — | 20 | ||||||||||||||||||
Income tax provision | — | (2 | ) | (2 | ) | (5 | ) | — | (9 | ) | |||||||||||||||
Equity in income (loss), net of tax | 9 | 43 | 24 | (2 | ) | (76 | ) | (2 | ) | ||||||||||||||||
Net income from continuing operations | 9 | 9 | 43 | 24 | (76 | ) | 9 | ||||||||||||||||||
Loss from discontinued operations, net of tax | — | — | — | — | — | — | |||||||||||||||||||
Net income | 9 | 9 | 43 | 24 | (76 | ) | 9 | ||||||||||||||||||
Less: net income attributable to noncontrolling interest, net of tax | — | — | — | — | — | — | |||||||||||||||||||
Net income attributable to the Company | $ | 9 | $ | 9 | $ | 43 | $ | 24 | $ | (76 | ) | $ | 9 | ||||||||||||
Affinia Group Intermediate Holdings Inc. | |||||||||||||||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Operations | |||||||||||||||||||||||||
For the Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Net sales | $ | — | $ | — | $ | 617 | $ | 672 | $ | (119 | ) | $ | 1,170 | ||||||||||||
Cost of sales | — | — | (495 | ) | (524 | ) | 119 | (900 | ) | ||||||||||||||||
Gross profit | — | — | 122 | 148 | — | 270 | |||||||||||||||||||
Selling, general and administrative expenses | — | (28 | ) | (65 | ) | (68 | ) | — | (161 | ) | |||||||||||||||
Operating profit (loss) | — | (28 | ) | 57 | 80 | — | 109 | ||||||||||||||||||
Loss on extinguishment of debt | — | (15 | ) | — | — | — | (15 | ) | |||||||||||||||||
Other loss, net | — | (1 | ) | (1 | ) | (1 | ) | — | (3 | ) | |||||||||||||||
Interest expense | — | (57 | ) | — | (1 | ) | — | (58 | ) | ||||||||||||||||
Income (loss) from continuing operations before income tax provision, equity in income (loss), net of tax and noncontrolling interest | — | (101 | ) | 56 | 78 | — | 33 | ||||||||||||||||||
Income tax provision | — | — | — | (16 | ) | — | (16 | ) | |||||||||||||||||
Equity in income (loss), net of tax | 14 | 115 | 44 | (2 | ) | (173 | ) | (2 | ) | ||||||||||||||||
Net income from continuing operations | 14 | 14 | 100 | 60 | (173 | ) | 15 | ||||||||||||||||||
Income (loss) from discontinued operations, net of tax | — | — | 15 | (16 | ) | — | (1 | ) | |||||||||||||||||
Net income | 14 | 14 | 115 | 44 | (173 | ) | 14 | ||||||||||||||||||
Less: net income attributable to noncontrolling interest, net of tax | — | — | — | — | — | — | |||||||||||||||||||
Net income attributable to the Company | $ | 14 | $ | 14 | $ | 115 | $ | 44 | $ | (173 | ) | $ | 14 | ||||||||||||
Guarantor Condensed Consolidating Statement of Comprehensive Income | ' | ||||||||||||||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Comprehensive Loss | |||||||||||||||||||||||||
For the Three Months Ended September 30, 2012 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Net income | $ | 4 | $ | 4 | $ | 35 | $ | 12 | $ | (50 | ) | $ | 5 | ||||||||||||
Other comprehensive income, net of tax: | |||||||||||||||||||||||||
Change in foreign currency translation adjustments | 11 | 11 | — | 11 | (22 | ) | 11 | ||||||||||||||||||
Total other comprehensive income | 11 | 11 | — | 11 | (22 | ) | 11 | ||||||||||||||||||
Total comprehensive income | 15 | 15 | 35 | 23 | (72 | ) | 16 | ||||||||||||||||||
Less: comprehensive income attributable to noncontrolling interest, net of tax | — | — | 1 | — | — | 1 | |||||||||||||||||||
Comprehensive income attributable to the Company | $ | 15 | $ | 15 | $ | 34 | $ | 23 | $ | (72 | ) | $ | 15 | ||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Comprehensive Income | |||||||||||||||||||||||||
For the Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Net income (loss) | $ | (22 | ) | $ | (22 | ) | $ | 65 | $ | 18 | $ | (60 | ) | $ | (21 | ) | |||||||||
Other comprehensive income, net of tax: | |||||||||||||||||||||||||
Change in foreign currency translation adjustments | — | — | — | — | — | — | |||||||||||||||||||
Total other comprehensive income | — | — | — | — | — | — | |||||||||||||||||||
Total comprehensive income (loss) | (22 | ) | (22 | ) | 65 | 18 | (60 | ) | (21 | ) | |||||||||||||||
Less: comprehensive income attributable to noncontrolling interest, net of tax | — | — | 1 | — | — | 1 | |||||||||||||||||||
Comprehensive income (loss) attributable to the Company | $ | (22 | ) | $ | (22 | ) | $ | 64 | $ | 18 | $ | (60 | ) | $ | (22 | ) | |||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Comprehensive Income | |||||||||||||||||||||||||
For the Three Months Ended September 30, 2013 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Net income | $ | 9 | $ | 9 | $ | 43 | $ | 24 | $ | (76 | ) | $ | 9 | ||||||||||||
Other comprehensive income (loss), net of tax: | |||||||||||||||||||||||||
Interest rate swap, net of tax | (1 | ) | (1 | ) | — | — | 1 | (1 | ) | ||||||||||||||||
Change in foreign currency translation adjustments | 2 | 2 | — | 2 | (4 | ) | 2 | ||||||||||||||||||
Total other comprehensive income | 1 | 1 | — | 2 | (3 | ) | 1 | ||||||||||||||||||
Total comprehensive income | 10 | 10 | 43 | 26 | (79 | ) | 10 | ||||||||||||||||||
Less: comprehensive income attributable to noncontrolling interest, net of tax | — | — | — | — | — | — | |||||||||||||||||||
Comprehensive income attributable to the Company | $ | 10 | $ | 10 | $ | 43 | $ | 26 | $ | (79 | ) | $ | 10 | ||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Comprehensive Income | |||||||||||||||||||||||||
For the Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Net income | $ | 14 | $ | 14 | $ | 115 | $ | 44 | $ | (173 | ) | $ | 14 | ||||||||||||
Other comprehensive income (loss), net of tax: | |||||||||||||||||||||||||
Interest rate swap, net of tax | 5 | 5 | — | — | (5 | ) | 5 | ||||||||||||||||||
Change in foreign currency translation adjustments | (15 | ) | (15 | ) | — | (15 | ) | 30 | (15 | ) | |||||||||||||||
Total other comprehensive loss | (10 | ) | (10 | ) | — | (15 | ) | 25 | (10 | ) | |||||||||||||||
Total comprehensive income | 4 | 4 | 115 | 29 | (148 | ) | 4 | ||||||||||||||||||
Less: comprehensive income attributable to noncontrolling interest, net of tax | — | — | — | — | — | — | |||||||||||||||||||
Comprehensive income attributable to the Company | $ | 4 | $ | 4 | $ | 115 | $ | 29 | $ | (148 | ) | $ | 4 | ||||||||||||
Guarantor Condensed Consolidating Balance Sheet | ' | ||||||||||||||||||||||||
Affinia Group Intermediate Holdings Inc. | |||||||||||||||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Balance Sheet | |||||||||||||||||||||||||
December 31, 2012 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||
Current assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 23 | $ | — | $ | 28 | $ | — | $ | 51 | |||||||||||||
Accounts receivable | — | 2 | 39 | 122 | — | 163 | |||||||||||||||||||
Inventories | — | — | 172 | 132 | — | 304 | |||||||||||||||||||
Other current assets | — | 15 | 9 | 41 | — | 65 | |||||||||||||||||||
Total current assets | — | 40 | 220 | 323 | — | 583 | |||||||||||||||||||
Investments and other assets | — | 197 | 41 | 20 | — | 258 | |||||||||||||||||||
Intercompany investments | 150 | 724 | 652 | — | (1,526 | ) | — | ||||||||||||||||||
Intercompany receivables (payables) | — | (227 | ) | (134 | ) | 361 | — | — | |||||||||||||||||
Property, plant and equipment, net | — | 2 | 48 | 69 | — | 119 | |||||||||||||||||||
Total assets | $ | 150 | $ | 736 | $ | 827 | $ | 773 | $ | (1,526 | ) | $ | 960 | ||||||||||||
Liabilities and shareholder’s equity | |||||||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||||||
Accounts payable | $ | — | $ | 11 | $ | 79 | $ | 53 | $ | — | $ | 143 | |||||||||||||
Notes payable | — | — | — | 23 | — | 23 | |||||||||||||||||||
Accrued payroll and employee benefits | — | 7 | 3 | 7 | — | 17 | |||||||||||||||||||
Other accrued expenses | — | 15 | 21 | 32 | — | 68 | |||||||||||||||||||
Total current liabilities | — | 33 | 103 | 115 | — | 251 | |||||||||||||||||||
Deferred employee benefits and noncurrent liabilities | — | 6 | — | 6 | — | 12 | |||||||||||||||||||
Long-term debt | — | 546 | — | — | — | 546 | |||||||||||||||||||
Total liabilities | — | 585 | 103 | 121 | — | 809 | |||||||||||||||||||
Total shareholder’s equity | 150 | 151 | 724 | 652 | (1,526 | ) | 151 | ||||||||||||||||||
Total liabilities and equity | $ | 150 | $ | 736 | $ | 827 | $ | 773 | $ | (1,526 | ) | $ | 960 | ||||||||||||
Affinia Group Intermediate Holdings Inc. | |||||||||||||||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Balance Sheet | |||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Eliminations | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Assets | |||||||||||||||||||||||||
Current assets: | |||||||||||||||||||||||||
Cash and cash equivalents | $ | — | $ | 53 | $ | — | $ | 33 | $ | — | $ | 86 | |||||||||||||
Trade accounts receivable | — | — | 50 | 132 | — | 182 | |||||||||||||||||||
Inventories, net | — | — | 166 | 136 | — | 302 | |||||||||||||||||||
Other current assets | — | 30 | 7 | 57 | — | 94 | |||||||||||||||||||
Total current assets | — | 83 | 223 | 358 | — | 664 | |||||||||||||||||||
Investments and other assets | — | 148 | 74 | 25 | — | 247 | |||||||||||||||||||
Intercompany investments | (197 | ) | 1,154 | 704 | — | (1,661 | ) | — | |||||||||||||||||
Intercompany receivables (payables) | — | (625 | ) | 221 | 404 | — | — | ||||||||||||||||||
Property, plant and equipment, net | — | 2 | 53 | 69 | — | 124 | |||||||||||||||||||
Total assets | $ | (197 | ) | $ | 762 | $ | 1,275 | $ | 856 | $ | (1,661 | ) | $ | 1,035 | |||||||||||
Liabilities and shareholder’s equity | |||||||||||||||||||||||||
Current liabilities: | |||||||||||||||||||||||||
Accounts payable | $ | — | $ | 7 | $ | 90 | $ | 69 | $ | — | $ | 166 | |||||||||||||
Notes payable | — | — | — | 22 | — | 22 | |||||||||||||||||||
Accrued payroll and employee benefits | — | 4 | 6 | 11 | — | 21 | |||||||||||||||||||
Other accrued expenses | — | 23 | 24 | 45 | — | 92 | |||||||||||||||||||
Total current liabilities | — | 34 | 120 | 147 | — | 301 | |||||||||||||||||||
Deferred employee benefits and noncurrent liabilities | — | 8 | 1 | 5 | — | 14 | |||||||||||||||||||
Long-term debt | — | 916 | — | — | — | 916 | |||||||||||||||||||
Total liabilities | — | 958 | 121 | 152 | — | 1,231 | |||||||||||||||||||
Total shareholder’s equity | (197 | ) | (196 | ) | 1,154 | 704 | (1,661 | ) | (196 | ) | |||||||||||||||
Total liabilities and shareholder’s equity | $ | (197 | ) | $ | 762 | $ | 1,275 | $ | 856 | $ | (1,661 | ) | $ | 1,035 | |||||||||||
Guarantor Condensed Consolidating Statement of Cash Flows | ' | ||||||||||||||||||||||||
Affinia Group Intermediate Holdings Inc. | |||||||||||||||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Cash Flows | |||||||||||||||||||||||||
For the Nine Months Ended September 30, 2012 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Elimination | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Operating activities | |||||||||||||||||||||||||
Net cash provided by operating activities | $ | — | $ | 70 | $ | 6 | $ | 12 | $ | — | $ | 88 | |||||||||||||
Investing activities | |||||||||||||||||||||||||
Change in restricted cash | — | — | — | 1 | — | 1 | |||||||||||||||||||
Additions to property, plant and equipment | — | — | (7 | ) | (12 | ) | — | (19 | ) | ||||||||||||||||
Proceeds from sales of assets | — | — | 1 | 3 | — | 4 | |||||||||||||||||||
Net cash used in investing activities | — | — | (6 | ) | (8 | ) | — | (14 | ) | ||||||||||||||||
Financing activities | |||||||||||||||||||||||||
Net decrease in other short-term debt | — | — | — | (4 | ) | — | (4 | ) | |||||||||||||||||
Payments of other debt | — | — | — | (2 | ) | — | (2 | ) | |||||||||||||||||
Repayment on Secured Notes | — | (23 | ) | — | — | — | (23 | ) | |||||||||||||||||
Net payments of ABL Revolver | — | (50 | ) | — | — | — | (50 | ) | |||||||||||||||||
Net cash used in financing activities | — | (73 | ) | — | (6 | ) | — | (79 | ) | ||||||||||||||||
Effect of exchange rates on cash | — | — | — | — | — | — | |||||||||||||||||||
Decrease in cash and cash equivalents | — | (3 | ) | — | (2 | ) | — | (5 | ) | ||||||||||||||||
Cash and cash equivalents at beginning of the period | — | 9 | — | 45 | — | 54 | |||||||||||||||||||
Cash and cash equivalents at end of the period | $ | — | $ | 6 | $ | — | $ | 43 | $ | — | $ | 49 | |||||||||||||
Affinia Group Intermediate Holdings Inc. | |||||||||||||||||||||||||
Guarantor Condensed | |||||||||||||||||||||||||
Consolidating Statement of Cash Flows | |||||||||||||||||||||||||
For the Nine Months Ended September 30, 2013 | |||||||||||||||||||||||||
(Dollars in millions) | Parent | Issuer | Guarantor | Non-Guarantor | Elimination | Consolidated | |||||||||||||||||||
Total | |||||||||||||||||||||||||
Operating activities | |||||||||||||||||||||||||
Net cash provided by operating activities | $ | — | $ | 43 | $ | 10 | $ | 16 | $ | — | $ | 69 | |||||||||||||
Investing activities | |||||||||||||||||||||||||
Investment in companies, net of cash acquired | — | — | — | (1 | ) | — | (1 | ) | |||||||||||||||||
Additions to property, plant and equipment | — | — | (10 | ) | (8 | ) | — | (18 | ) | ||||||||||||||||
Net cash used in investing activities | — | — | (10 | ) | (9 | ) | — | (19 | ) | ||||||||||||||||
Financing activities | |||||||||||||||||||||||||
Net decrease in other short-term debt | — | — | — | (1 | ) | — | (1 | ) | |||||||||||||||||
Repayment of Secured Notes | — | (195 | ) | — | — | — | (195 | ) | |||||||||||||||||
Repayment of Subordinated Notes | — | (367 | ) | — | — | — | (367 | ) | |||||||||||||||||
Repayment on Term Loans | — | (1 | ) | — | — | — | (1 | ) | |||||||||||||||||
Proceeds from Senior Notes | — | 250 | — | — | — | 250 | |||||||||||||||||||
Proceeds from Term Loans | — | 667 | — | — | — | 667 | |||||||||||||||||||
Distribution to our shareholder | — | (352 | ) | — | — | — | (352 | ) | |||||||||||||||||
Payment of deferred financing costs | — | (15 | ) | — | — | — | (15 | ) | |||||||||||||||||
Net cash used in financing activities | — | (13 | ) | — | (1 | ) | — | (14 | ) | ||||||||||||||||
Effect of exchange rates on cash | — | — | — | (1 | ) | — | (1 | ) | |||||||||||||||||
Increase in cash and cash equivalents | — | 30 | — | 5 | — | 35 | |||||||||||||||||||
Cash and cash equivalents at beginning of the period | — | 23 | — | 28 | — | 51 | |||||||||||||||||||
Cash and cash equivalents at end of the period | $ | — | $ | 53 | $ | — | $ | 33 | $ | — | $ | 86 | |||||||||||||
Description_of_Business_Additi
Description of Business - Additional Information (Detail) | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Percentage of sales | 98.00% |
Ownership interest held by the Company in Affinia Group Inc. | 100.00% |
Ownership interest in the Company held by Affinia Group Holdings Inc. | 100.00% |
Refinancing_Additional_Informa
Refinancing - Additional Information (Detail) (USD $) | 1 Months Ended | 9 Months Ended | 1 Months Ended | 3 Months Ended | 1 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 1 Months Ended | ||
In Millions, unless otherwise specified | Apr. 25, 2013 | Sep. 30, 2013 | Apr. 25, 2013 | Apr. 25, 2013 | Apr. 25, 2013 | Sep. 30, 2013 | Apr. 25, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Apr. 25, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Apr. 25, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Apr. 25, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Apr. 25, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Apr. 25, 2013 |
Affinia Group Holdings Inc [Member] | Refinancing Dividend [Member] | Other Dividend [Member] | Deferred Compensation Plan [Member] | 7.75% Senior notes, due May 2021 [Member] | 7.75% Senior notes, due May 2021 [Member] | 7.75% Senior notes, due May 2021 [Member] | Term Loan B-1, due April 2016 [Member] | Term Loan B-1, due April 2016 [Member] | Term Loan B-1, due April 2016 [Member] | Term Loan B-2, due April 2020 [Member] | Term Loan B-2, due April 2020 [Member] | Term Loan B-2, due April 2020 [Member] | 10.75% Senior secured notes, due August 2016 [Member] | 10.75% Senior secured notes, due August 2016 [Member] | 10.75% Senior secured notes, due August 2016 [Member] | 9% Senior subordinated notes, due November 2014 [Member] | 9% Senior subordinated notes, due November 2014 [Member] | 9% Senior subordinated notes, due November 2014 [Member] | New ABL Revolver [Member] | New ABL Revolver [Member] | |||
U.S. domestic borrowers [Member] | |||||||||||||||||||||||
Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate principal amount | ' | ' | ' | ' | ' | ' | $250 | ' | ' | $200 | ' | ' | $470 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Senior Notes interest rate | ' | ' | ' | ' | ' | ' | 7.75% | 7.75% | 7.75% | ' | ' | ' | ' | ' | ' | 10.75% | 10.75% | 10.75% | 9.00% | 9.00% | 9.00% | ' | ' |
ABL revolver maturity date | ' | ' | ' | ' | ' | ' | 1-May-21 | 1-May-21 | 1-May-21 | 25-Apr-16 | 25-Apr-16 | 25-Apr-16 | 25-Apr-20 | 25-Apr-20 | 25-Apr-20 | 1-Aug-16 | 1-Aug-16 | 1-Aug-16 | 1-Nov-14 | 1-Nov-14 | 1-Nov-14 | 25-Apr-18 | 25-Apr-18 |
Cash on hand for redemption | 31 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Repayment of Seller Note | 61 | 1 | 61 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Distribution made to holdings | 351 | 352 | 133 | 350 | 1 | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Borrowings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 175 |
Sub-limit for letters of credit | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30 |
Swingline facility | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $15 |
Refinancing_Summary_of_Sources
Refinancing - Summary of Sources and Uses of Refinancing (Detail) (USD $) | 1 Months Ended | 9 Months Ended | |
In Millions, unless otherwise specified | Apr. 25, 2013 | Sep. 30, 2013 | Sep. 30, 2012 |
Debt Instrument [Line Items] | ' | ' | ' |
Debt | ' | $667 | ' |
Cash on hand | 31 | ' | ' |
Sources of debt refinancing | 948 | ' | ' |
Redeemed Secured Notes | 180 | 195 | 23 |
Redeemed Subordinated Notes | 367 | 367 | ' |
Redeemed Holdings' Preferred Shares | 156 | ' | ' |
Repaid Holdings' Seller Note | 61 | 1 | ' |
Distribution to Holdings' Stockholders | 351 | 352 | ' |
Interest payments on Secured and Subordinated Notes | ' | 46 | 42 |
Call premium on Secured Notes | 15 | ' | ' |
Deferred financing costs | 15 | 15 | ' |
Uses of debt refinancing | 948 | ' | ' |
Refinancing Dividend [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Distribution to Holdings' Stockholders | 350 | ' | ' |
Old Senior Notes [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Interest payments on Secured and Subordinated Notes | 21 | ' | ' |
Affinia Group Holdings Inc [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Repaid Holdings' Seller Note | 61 | ' | ' |
Distribution to Holdings' Stockholders | 133 | ' | ' |
Term Loan B-1, due April 2016 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Debt | 199 | ' | ' |
Term Loan B-2, due April 2020 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Debt | 468 | ' | ' |
7.75% Senior notes, due May 2021 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Debt | $250 | ' | ' |
Refinancing_Additional_Informa1
Refinancing - Additional Information (Parenthetical) (Detail) (USD $) | 1 Months Ended | 9 Months Ended |
In Millions, unless otherwise specified | Apr. 25, 2013 | Sep. 30, 2013 |
Debt Instrument [Line Items] | ' | ' |
Payment of deferred financing costs | $15 | $15 |
Distribution made to parent | 351 | 352 |
Refinancing Dividend [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Distribution made to parent | 350 | ' |
Term Loan B-1, due April 2016 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Original issue discount | 1 | ' |
Term Loan B-2, due April 2020 [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Original issue discount | 2 | ' |
Paid on Date of Refinancing [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Payment of deferred financing costs | 13 | ' |
Subsequently Paid [Member] | ' | ' |
Debt Instrument [Line Items] | ' | ' |
Payment of deferred financing costs | $2 | ' |
Debt_Schedule_of_Debt_Detail
Debt - Schedule of Debt (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Proforma Debt Instrument [Line Items] | ' | ' |
Long-term Debt | $938 | $569 |
Less: current portion | -22 | -23 |
Long-term Debt, Excluding Current Maturities | 916 | 546 |
9% Senior subordinated notes, due November 2014 [Member] | ' | ' |
Proforma Debt Instrument [Line Items] | ' | ' |
Long-term Debt | ' | 367 |
10.75% Senior secured notes, due August 2016 [Member] | ' | ' |
Proforma Debt Instrument [Line Items] | ' | ' |
Long-term Debt | ' | 179 |
7.75% Senior notes, due May 2021 [Member] | ' | ' |
Proforma Debt Instrument [Line Items] | ' | ' |
Long-term Debt | 250 | ' |
Term Loan B-1, due April 2016 [Member] | ' | ' |
Proforma Debt Instrument [Line Items] | ' | ' |
Long-term Debt | 199 | ' |
Term Loan B-2, due April 2020 [Member] | ' | ' |
Proforma Debt Instrument [Line Items] | ' | ' |
Long-term Debt | 467 | ' |
ABL revolver, due April 2018 [Member] | ' | ' |
Proforma Debt Instrument [Line Items] | ' | ' |
Long-term Debt | ' | ' |
Other debt [Member] | ' | ' |
Proforma Debt Instrument [Line Items] | ' | ' |
Long-term Debt | $22 | $23 |
Debt_Schedule_of_Debt_Parenthe
Debt - Schedule of Debt (Parenthetical) (Detail) (USD $) | 1 Months Ended | 9 Months Ended | 12 Months Ended |
In Millions, unless otherwise specified | Apr. 25, 2013 | Sep. 30, 2013 | Dec. 31, 2012 |
Proforma Debt Instrument [Line Items] | ' | ' | ' |
Long-term Debt | ' | $938 | $569 |
9% Senior subordinated notes, due November 2014 [Member] | ' | ' | ' |
Proforma Debt Instrument [Line Items] | ' | ' | ' |
Debt maturity date | 1-Nov-14 | 1-Nov-14 | 1-Nov-14 |
Interest rate | 9.00% | 9.00% | 9.00% |
Long-term Debt | ' | ' | 367 |
10.75% Senior secured notes, due August 2016 [Member] | ' | ' | ' |
Proforma Debt Instrument [Line Items] | ' | ' | ' |
Debt maturity date | 1-Aug-16 | 1-Aug-16 | 1-Aug-16 |
Interest rate | 10.75% | 10.75% | 10.75% |
Long-term Debt | ' | ' | 179 |
7.75% Senior notes, due May 2021 [Member] | ' | ' | ' |
Proforma Debt Instrument [Line Items] | ' | ' | ' |
Debt maturity date | 1-May-21 | 1-May-21 | 1-May-21 |
Interest rate | 7.75% | 7.75% | 7.75% |
Long-term Debt | ' | 250 | ' |
Term Loan B-1, due April 2016 [Member] | ' | ' | ' |
Proforma Debt Instrument [Line Items] | ' | ' | ' |
Debt maturity date | 25-Apr-16 | 25-Apr-16 | 25-Apr-16 |
Long-term Debt | ' | 199 | ' |
Term Loan B-2, due April 2020 [Member] | ' | ' | ' |
Proforma Debt Instrument [Line Items] | ' | ' | ' |
Debt maturity date | 25-Apr-20 | 25-Apr-20 | 25-Apr-20 |
Long-term Debt | ' | 467 | ' |
ABL revolver, due April 2018 [Member] | ' | ' | ' |
Proforma Debt Instrument [Line Items] | ' | ' | ' |
Debt maturity date | ' | 25-Apr-18 | 25-Apr-18 |
Long-term Debt | ' | ' | ' |
Other debt [Member] | ' | ' | ' |
Proforma Debt Instrument [Line Items] | ' | ' | ' |
Long-term Debt | ' | 22 | 23 |
Poland Operations [Member] | Other debt [Member] | ' | ' | ' |
Proforma Debt Instrument [Line Items] | ' | ' | ' |
Long-term Debt | ' | 20 | 20 |
China operations [Member] | Other debt [Member] | ' | ' | ' |
Proforma Debt Instrument [Line Items] | ' | ' | ' |
Long-term Debt | ' | $2 | $3 |
Debt_Schedule_of_Fair_Value_of
Debt - Schedule of Fair Value of Debt, Net of Discount (Detail) (USD $) | 1 Months Ended | 9 Months Ended | 12 Months Ended |
In Millions, unless otherwise specified | Apr. 25, 2013 | Sep. 30, 2013 | Dec. 31, 2012 |
Debt Instrument [Line Items] | ' | ' | ' |
Fair Value of Debt | ' | $943 | 585 |
7.75% Senior notes, due May 2021 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Debt maturity date | 1-May-21 | 1-May-21 | 1-May-21 |
Book Value of Debt | ' | 250 | ' |
Fair Value Factor | ' | 102.75% | ' |
Fair Value of Debt | ' | 257 | ' |
Term Loan B-1, due April 2016 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Debt maturity date | 25-Apr-16 | 25-Apr-16 | 25-Apr-16 |
Book Value of Debt | ' | 199 | ' |
Fair Value Factor | ' | 100.06% | ' |
Fair Value of Debt | ' | 199 | ' |
Term Loan B-2, due April 2020 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Debt maturity date | 25-Apr-20 | 25-Apr-20 | 25-Apr-20 |
Book Value of Debt | ' | 467 | ' |
Fair Value Factor | ' | 99.56% | ' |
Fair Value of Debt | ' | 465 | ' |
ABL revolver, due April 2018 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Debt maturity date | ' | 25-Apr-18 | 25-Apr-18 |
Book Value of Debt | ' | ' | ' |
Fair Value Factor | ' | 100.00% | ' |
Fair Value of Debt | ' | ' | ' |
Other debt [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Book Value of Debt | ' | 22 | ' |
Fair Value Factor | ' | 100.00% | ' |
Fair Value of Debt | ' | 22 | ' |
Senior subordinated notes, due November 2014 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Debt maturity date | ' | ' | 1-Nov-14 |
Book Value of Debt | ' | ' | 367 |
Fair Value Factor | ' | ' | 100.25% |
Fair Value of Debt | ' | ' | 368 |
Senior secured notes, due August 2016 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Debt maturity date | ' | ' | 1-Aug-16 |
Book Value of Debt | ' | ' | 179 |
Fair Value Factor | ' | ' | 108.43% |
Fair Value of Debt | ' | ' | 194 |
ABL revolver, due May 2017 [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Debt maturity date | ' | ' | 1-May-17 |
Book Value of Debt | ' | ' | ' |
Fair Value Factor | ' | ' | 100.00% |
Fair Value of Debt | ' | ' | ' |
Other debt [Member] | ' | ' | ' |
Debt Instrument [Line Items] | ' | ' | ' |
Book Value of Debt | ' | ' | 23 |
Fair Value Factor | ' | ' | 100.00% |
Fair Value of Debt | ' | ' | 23 |
Debt_Additional_Information_Ne
Debt - Additional Information - New ABL Revolver (Detail) (New ABL Revolver [Member], USD $) | 9 Months Ended | 9 Months Ended | 1 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Apr. 25, 2013 |
Minimum [Member] | Maximum [Member] | U.S. domestic borrowers [Member] | |||
Proforma Debt Instrument [Line Items] | ' | ' | ' | ' | ' |
Borrowings | ' | ' | ' | ' | $175 |
Sub-limit for letters of credit | ' | ' | ' | ' | 30 |
Swingline facility | ' | ' | ' | ' | 15 |
Outstanding credit facility | ' | ' | ' | ' | ' |
Additional availability of debt | 124 | ' | ' | ' | ' |
Outstanding letters of credit | 10 | ' | ' | ' | ' |
Borrowing base reserves | 1 | ' | ' | ' | ' |
Debt maturity date | 25-Apr-18 | ' | ' | ' | 25-Apr-18 |
Unused commitment fee, percentage used if the commitments utilized | ' | ' | 0.25% | 0.38% | ' |
Percentage of the commitments utilized | 50.00% | ' | ' | ' | ' |
Administration fees and fronting fees, percentage | 0.13% | ' | ' | ' | ' |
Event of default percentage fee increase | 2.00% | ' | ' | ' | ' |
Cash Dominion: Availability percentage of total borrowing base | 12.50% | ' | ' | ' | ' |
Cash Dominion: Availability dollar threshold | 17.5 | ' | ' | ' | ' |
Cash Dominion: Consecutive trading days threshold | '60 days | ' | ' | ' | ' |
Covenant: Availability percentage of total borrowing base | 10.00% | ' | ' | ' | ' |
Covenant: Availability dollar threshold | $15 | ' | ' | ' | ' |
Fixed charge coverage ratio | 0.0217 | 0.01 | ' | ' | ' |
Debt_Schedule_of_Interest_Rate
Debt - Schedule of Interest Rate and Fees (Detail) (USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Level I [Member] | Maximum [Member] | ' |
Proforma Debt Instrument [Line Items] | ' |
LIBOR Loans | 2.00% |
Base Rate Loans and Swingline Loans | 1.00% |
Average Aggregate Availability | $50,000,000 |
Level II [Member] | Maximum [Member] | ' |
Proforma Debt Instrument [Line Items] | ' |
LIBOR Loans | 1.75% |
Base Rate Loans and Swingline Loans | 0.75% |
Average Aggregate Availability | 100,000,000 |
Level II [Member] | Minimum [Member] | ' |
Proforma Debt Instrument [Line Items] | ' |
Average Aggregate Availability | 50,000,000 |
Level III [Member] | Minimum [Member] | ' |
Proforma Debt Instrument [Line Items] | ' |
LIBOR Loans | 1.50% |
Base Rate Loans and Swingline Loans | 0.50% |
Average Aggregate Availability | $100,000,000 |
Debt_Additional_Information_In
Debt - Additional Information - Indenture (Detail) (USD $) | 1 Months Ended | 9 Months Ended | 12 Months Ended |
In Millions, unless otherwise specified | Apr. 25, 2013 | Sep. 30, 2013 | Dec. 31, 2012 |
Proforma Debt Instrument [Line Items] | ' | ' | ' |
Long-term Debt | ' | $938 | $569 |
Percentage ownership in guarantor subsidiaries | ' | 100.00% | ' |
7.75% Senior notes, due May 2021 [Member] | ' | ' | ' |
Proforma Debt Instrument [Line Items] | ' | ' | ' |
Accrued interest rate | 7.75% | ' | ' |
Interest payment term | 'Semi-annually on May 1 and November 1 of each year, commencing November 1, 2013 | ' | ' |
Debt Instrument Maturity Year | 1-May-21 | 1-May-21 | 1-May-21 |
Long-term Debt | ' | $250 | ' |
Minimum [Member] | ' | ' | ' |
Proforma Debt Instrument [Line Items] | ' | ' | ' |
Percentage of Trustees or holders of principal amount outstanding affected by default | ' | 25.00% | ' |
Debt_Additional_Information_Te
Debt - Additional Information - Term Loans Facility (Detail) (USD $) | 1 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 1 Months Ended | 9 Months Ended | 1 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | |||||||||
In Millions, unless otherwise specified | Apr. 25, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Jun. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Apr. 25, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Apr. 25, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Jun. 30, 2013 | Jun. 30, 2013 | Sep. 30, 2013 |
Senior Notes [Member] | Senior Notes [Member] | Secured Notes [Member] | Maximum [Member] | Minimum [Member] | Term Loan B-1 [Member] | Term Loan B-1 [Member] | Term Loan B-1 [Member] | Term Loan B-1 [Member] | Term Loan B-2 [Member] | Term Loan B-2 [Member] | Term Loan B-2 [Member] | Term Loan B-2 [Member] | ABL Revolver [Member] | Old ABL Revolver [Member] | New ABL Revolver [Member] | |||||
Base Rate [Member] | London Interbank Offered Rate (LIBOR) [Member] | Base Rate [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||||||||||||||||
Proforma Debt Instrument [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt outstanding | ' | $938 | ' | $569 | ' | ' | ' | ' | ' | $200 | $199 | ' | ' | $470 | $467 | ' | ' | ' | ' | ' |
Debt offering price percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | 99.75% | ' | ' | ' | 99.50% | ' | ' | ' | ' | ' | ' |
Proceeds from term loan | ' | 667 | ' | ' | ' | ' | ' | ' | ' | 199 | ' | ' | ' | 468 | ' | ' | ' | ' | ' | ' |
Amortization of debt discount | ' | 1 | ' | ' | ' | ' | ' | ' | ' | 1 | 1 | ' | ' | 2 | 2 | ' | ' | ' | ' | ' |
Amortization percentage per annum | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.00% | ' | ' | ' | 1.00% | ' | ' | ' | ' | ' | ' |
Percentage of net proceeds from the incurrence of indebtedness other than permitted indebtedness | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of net proceeds of asset sales including insurance or condemnation proceeds | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of net proceeds of excess cash flow | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of net proceeds of excess cash flow leverage targets maximum | ' | ' | ' | ' | ' | ' | ' | 25.00% | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Voluntary prepayments premium payable on term loan percentage | ' | 1.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Voluntary prepayments on term loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Six months following April 25, 2013 | ' | ' | ' | 'One year following April 25, 2013 | ' | ' | ' | ' | ' |
Margin for borrowings under term loan with respect to base rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1.75% | 2.75% | ' | ' | 2.50% | 3.50% | ' | ' | ' |
LIBOR rate is subject to a floor | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.75% | ' | ' | ' | 1.25% | ' | ' | ' | ' | ' |
Interest rate for over due principal in excess of the rate applicable to base rate borrowings | ' | 2.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate in excess of the rate applicable to base rate borrowings | ' | 2.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Write-off interest expense for unamortized deferred financing costs associated with the refinancing proceeds used to redeem our Secured Notes and Subordinated Notes | ' | 8 | ' | ' | 5 | ' | 1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' |
Total deferred financing costs | ' | 15 | ' | ' | 14 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1 | 1 | ' |
Interest expenses charged on unamortized deferred financing period | ' | ' | ' | ' | ' | '8 years | ' | ' | ' | ' | '3 years | ' | ' | ' | '7 years | ' | ' | ' | ' | '5 years |
Repayment amount of secured notes | $180 | $195 | $23 | ' | ' | ' | $22.50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Debt_Summarizes_Deferred_Finan
Debt - Summarizes Deferred Financing Activity (Detail) (USD $) | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2013 |
Debt Disclosure [Abstract] | ' |
Beginning Balance | $15 |
Amortization | -3 |
Write-off of unamortized deferred financing costs | -8 |
Deferred financing costs | 15 |
Ending Balance | $19 |
Discontinued_Operation_Brake_A
Discontinued Operation - Brake - Additional Information (Detail) (BPI Holdings International, Inc. [Member], USD $) | 1 Months Ended |
In Millions, except Per Share data, unless otherwise specified | Nov. 30, 2012 |
Long Lived Assets Held-for-sale [Line Items] | ' |
Capital stock distribution | 100.00% |
Fair value of shares available for distribution | $63 |
Decrease in noncontrolling interest | 13 |
Cash dividend received | 70 |
Borrowings under new credit facility | 76.5 |
Cash included in distribution | $11 |
Class A [Member] | ' |
Long Lived Assets Held-for-sale [Line Items] | ' |
Common stock and to the holders of Holding's | 9.50% |
Preferred Stock, par value | $0.01 |
Discontinued_Operation_Brake_S
Discontinued Operation - Brake - Summary of Net Sales, Income (Loss) Before Income Tax Benefit (Provision), Income Tax Benefit (Provision), Loss from Discontinued Operations, Net of Tax, Net Income Attributable to Noncontrolling Interest, Net of Tax and Loss Attributable to the Discontinued Operations (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | ' |
Loss from discontinued operations, net of tax | ' | ($10) | ($1) | ($57) |
Brake North America and Asia group [Member] | ' | ' | ' | ' |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ' | ' | ' | ' |
Net sales | ' | 159 | ' | 480 |
Income (loss) before income tax benefit (provision) | ' | -19 | 1 | -91 |
Income tax benefit (provision) | ' | 9 | -2 | 34 |
Loss from discontinued operations, net of tax | ' | -10 | -1 | -57 |
Less: net income attributable to noncontrolling interest, net of tax | ' | 1 | ' | 1 |
Loss attributable to the discontinued operations | ' | ($11) | ($1) | ($58) |
Derivatives_Additional_Informa
Derivatives - Additional Information (Detail) (USD $) | 9 Months Ended | 1 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Apr. 25, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Apr. 25, 2013 |
Term Loans B [Member] | Currency forward contracts [Member] | Currency forward contracts [Member] | Interest rate swap [Member] | ||
Derivative [Line Items] | ' | ' | ' | ' | ' |
Aggregate notional amount | ' | ' | $75 | $69 | $300 |
Asset Derivative | ' | ' | 1 | 1 | ' |
Liability Derivative | ' | ' | 1 | 1 | ' |
Term loan due date | ' | 25-Apr-20 | ' | ' | ' |
Reclassified from other comprehensive Income into interest expense | $1 | ' | ' | ' | ' |
Derivatives_Schedule_of_Forwar
Derivatives - Schedule of Forward Contract Currency Gains and Losses (Detail) (Currency Forward Contracts [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Currency Forward Contracts [Member] | ' | ' | ' | ' |
Derivative [Line Items] | ' | ' | ' | ' |
Gain (loss) on derivative instruments | ' | $2 | ' | $2 |
Derivatives_Notional_Amount_an
Derivatives - Notional Amount and Fair Value of Outstanding (Detail) (Interest rate swap [Member], USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Interest rate swap [Member] | ' | ' |
Schedule Of Loans And Allowance For Loan By Class Individually And Collectively Evaluated For Impairment [Line Items] | ' | ' |
Notional Amount | $300 | ' |
Fair Value | $8 | ' |
Inventories_net_Summary_of_Inv
Inventories, net - Summary of Inventories (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Inventory Disclosure [Abstract] | ' | ' |
Raw materials | $67 | $77 |
Work- in- process | 17 | 19 |
Finished goods | 218 | 208 |
Inventories, net | $302 | $304 |
Goodwill_Additional_Informatio
Goodwill - Additional Information (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Goodwill [Line Items] | ' | ' |
Goodwill | $25 | $24 |
North American Parts Distributors [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill | 22 | ' |
2008 minor acquisition [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill | 2 | ' |
2013 minor acquisition [Member] | ' | ' |
Goodwill [Line Items] | ' | ' |
Goodwill | $1 | ' |
Commitments_and_Contingencies_1
Commitments and Contingencies - Additional Information (Detail) (USD $) | Sep. 30, 2013 |
In Millions, unless otherwise specified | |
Commitments And Contingencies Disclosure [Abstract] | ' |
Purchase commitments for property, plant and equipment | $8 |
Commitments_and_Contingencies_2
Commitments and Contingencies - Schedule of Reconciliation of Changes in Return Reserves (Detail) (Return reserves [Member], USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Return reserves [Member] | ' | ' |
Commitments And Contingencies [Line Items] | ' | ' |
Beginning balance | $8 | $11 |
Amounts charged to revenue | 12 | 14 |
Returns processed | -10 | -11 |
Ending balance | $10 | $14 |
Income_Taxes_Additional_Inform
Income Taxes - Additional Information (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Income Tax [Line Items] | ' | ' |
Unrecognized tax benefits | $1 | $1 |
Maximum [Member] | ' | ' |
Income Tax [Line Items] | ' | ' |
Unrecognized tax benefits, accrual for interest and penalties | $1 | ' |
Legal_Proceedings_Additional_I
Legal Proceedings - Additional Information (Detail) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | ||||||
In Millions, unless otherwise specified | Sep. 30, 2011 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Mar. 31, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | USD ($) | Minimum [Member] | Maximum [Member] | Quinton Hazell [Member] | Quinton Hazell [Member] | Quinton Hazell [Member] | |
USD ($) | USD ($) | Neovia [Member] | Neovia [Member] | Neovia [Member] | |||||||
USD ($) | USD ($) | GBP (£) | |||||||||
Legal Proceedings [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Entered into settlement agreement with Satisfied Brake Products Inc. | $10 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount due upon execution of settlement agreement | 2.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Execution of settlement agreement additional | 7.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gain on settlement agreement | 2.5 | ' | ' | ' | 4 | ' | ' | ' | ' | ' | ' |
Unpaid invoices | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.7 |
Asserting a claim against Affinia Group Inc. date | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15-Feb-13 | 15-Feb-13 |
Bankruptcy Date | ' | ' | ' | ' | ' | ' | ' | ' | ' | 28-Jan-13 | 28-Jan-13 |
Logistics Services Agreement Date | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5-May-06 | 5-May-06 |
Legal expense | ' | ' | ' | ' | ' | ' | ' | ' | 5 | ' | ' |
Tax benefit | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' |
Discontinued operations, net of tax | ' | ' | -10 | -1 | -57 | ' | ' | ' | 3 | ' | ' |
Accrued for civil liability | ' | $11 | ' | $11 | ' | $1 | $1 | $11 | ' | $9 | ' |
Segment_and_Geographic_Informa2
Segment and Geographic Information - Reconciliation of Sales, Operating Profit, Total Assets, Depreciation and Amortization and Capital Expenditures (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Net sales | $401 | $375 | $1,170 | $1,112 | ' |
Operating Profit | 36 | 38 | 109 | 106 | ' |
Depreciation and amortization | 5 | 6 | 17 | 17 | ' |
Total assets | 1,035 | ' | 1,035 | ' | 960 |
Capital Expenditures | 8 | 8 | 18 | 19 | ' |
Operating Segments [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Capital Expenditures | 8 | 5 | 18 | 10 | ' |
Operating Segments [Member] | On and Off-highway segment [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Net sales | 401 | 375 | 1,170 | 1,113 | ' |
Operating Profit | 50 | 48 | 142 | 132 | ' |
Depreciation and amortization | 5 | 5 | 14 | 13 | ' |
Total assets | 801 | ' | 801 | ' | 720 |
Capital Expenditures | 8 | 5 | 17 | 10 | ' |
Operating Segments [Member] | Corporate, eliminations and other [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Capital Expenditures | ' | ' | 1 | ' | ' |
Discontinued operations [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Capital Expenditures | ' | 3 | ' | 9 | ' |
Corporate, Non-Segment [Member] | Corporate, eliminations and other [Member] | ' | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' | ' |
Net sales | ' | ' | ' | -1 | ' |
Operating Profit | -14 | -10 | -33 | -26 | ' |
Depreciation and amortization | ' | 1 | 3 | 4 | ' |
Total assets | $234 | ' | $234 | ' | $240 |
Segment_and_Geographic_Informa3
Segment and Geographic Information - Net Sales by Geographic Region (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net sales | $401 | $375 | $1,170 | $1,112 |
Brazil [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net sales | 105 | 100 | 311 | 299 |
Canada [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net sales | 17 | 19 | 53 | 55 |
Poland [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net sales | 43 | 36 | 119 | 108 |
Other Countries [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net sales | 48 | 36 | 120 | 90 |
Total Other Countries [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net sales | 213 | 191 | 603 | 552 |
United States [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net sales | $188 | $184 | $567 | $560 |
Segment_and_Geographic_Informa4
Segment and Geographic Information - Geographic Data for Long Lived Assets (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Segment Reporting Information [Line Items] | ' | ' |
Geographic data for long-lived assets | $253 | $246 |
Brazil [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Geographic data for long-lived assets | 12 | 14 |
China [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Geographic data for long-lived assets | 18 | 17 |
Poland [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Geographic data for long-lived assets | 28 | 29 |
Other Countries [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Geographic data for long-lived assets | 13 | 9 |
Total Other Countries [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Geographic data for long-lived assets | 71 | 69 |
United States [Member] | ' | ' |
Segment Reporting Information [Line Items] | ' | ' |
Geographic data for long-lived assets | $182 | $177 |
Segment_and_Geographic_Informa5
Segment and Geographic Information - Company's Sales by Group of Similar Products (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net sales | $401 | $375 | $1,170 | $1,112 |
Filtration products [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net sales | 234 | 212 | 678 | 632 |
Chassis products [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net sales | 50 | 50 | 147 | 153 |
Affinia South America Products [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net sales | 117 | 113 | 345 | 328 |
Corporate, eliminations and other [Member] | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net sales | ' | ' | ' | ($1) |
Stock_Incentive_Plan_Additiona
Stock Incentive Plan - Additional Information (Detail) (USD $) | 9 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | ||||||||||||
In Millions, except Share data, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Jul. 20, 2005 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2012 |
Vested Option [Member] | Maximum [Member] | Restricted stock units [Member] | Restricted stock units [Member] | Restricted stock units [Member] | Restricted stock units [Member] | Restricted stock units [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Stock options [Member] | Deferred Compensation Plan [Member] | Deferred Compensation Plan [Member] | Deferred Compensation Plan [Member] | |||
Brake North America and Asia group [Member] | IPO Scenario [Member] | Cypress Scenario [Member] | Pre Distribution [Member] | Post Distribution [Member] | Maximum [Member] | Maximum [Member] | ||||||||||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares of common stock subject to awards | 350,000 | 350,000 | ' | 350,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Options awarded | 26,355 | 26,835 | ' | ' | ' | ' | ' | ' | ' | 23,355 | 23,835 | ' | ' | ' | ' | ' |
Exercised options | 3,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Shares awarded | 37,744 | ' | 22,855 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unvested options | 500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expiration date of options | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1-Aug-15 | ' | ' | ' | ' | ' | ' |
Exercise price option | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $100 | $62.87 | ' | ' | ' |
Percentage of minimum common equity interests resulting in payment of cash and marketable securities | ' | ' | ' | ' | ' | ' | ' | ' | 50.00% | ' | ' | ' | ' | ' | ' | ' |
Trading period of common stock (days) | ' | ' | ' | ' | ' | ' | ' | '60 days | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted stock units | 261,559 | 242,000 | ' | ' | 261,559 | 242,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted stock units granted to employees | ' | ' | ' | ' | ' | ' | 62,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Term before RSUs expire (years) | '10 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred Compensation Company Match Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 25.00% | ' | ' |
Deferred compensation expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $1 | $1 |
Shares Issued | 19,227 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Vested shares not issued | 14,814 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unvested Shares | 3,703 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Vested shares awarded | 3,422 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unvested shares awarded | 809 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock_Incentive_Plan_Schedule_
Stock Incentive Plan - Schedule of Stock Plan Balances for Restricted Stock Units, Stock Options, Deferred Compensation Shares and Stock Awards (Detail) | Sep. 30, 2013 | Dec. 31, 2012 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Restricted stock units | 261,559 | 242,000 |
Stock options | 26,355 | 26,835 |
Deferred compensation shares | 37,744 | ' |
Shares available | 24,179 | 50,767 |
Number of shares of common stock subject to awards | 350,000 | 350,000 |
Restricted stock units [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Restricted stock units | 261,559 | 242,000 |
Deferred compensation shares [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Deferred compensation shares | 37,744 | 30,235 |
Stock award [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Stock award | 163 | 163 |
Stock_Incentive_Plan_Schedule_1
Stock Incentive Plan - Schedule of Stock Option Activity (Detail) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 |
Stock options [Member] | |||
Schedule Of Stock Option Activity [Line Items] | ' | ' | ' |
Beginning Balance | 26,355 | 26,835 | 23,835 |
Forfeited/expired | ' | ' | -480 |
Ending Balance | 26,355 | 26,835 | 23,355 |
Stock_Incentive_Plan_Schedule_2
Stock Incentive Plan - Schedule of Restricted Stock Units (Detail) | 9 Months Ended |
Sep. 30, 2013 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' |
Beginning Balance | 242,000 |
Granted | 55,170 |
Forfeited/expired | -35,611 |
Ending Balance | 261,559 |
Accounts_Receivable_Factoring_
Accounts Receivable Factoring - Additional Information (Detail) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Related Party Transactions [Abstract] | ' | ' |
Factored receivable | $402 | $505 |
Factored receivable cost incurred | $3 | $4 |
Changes_in_Accumulated_Other_C2
Changes in Accumulated Other Comprehensive Income (Loss) - Components of Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning balance | ($20) | ' | ($9) |
Other comprehensive income (loss) before reclassifications | ' | ' | -11 |
Amounts reclassified from accumulated other comprehensive income | 1 | ' | 1 |
Net current period other comprehensive income (loss) | 1 | 11 | -10 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending balance | -19 | ' | -19 |
Pension adjustments [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning balance | -2 | ' | -2 |
Other comprehensive income (loss) before reclassifications | ' | ' | ' |
Amounts reclassified from accumulated other comprehensive income | ' | ' | ' |
Net current period other comprehensive income (loss) | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending balance | -2 | ' | -2 |
Foreign currency translation adjustment [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning balance | -24 | ' | -7 |
Other comprehensive income (loss) before reclassifications | 2 | ' | -15 |
Amounts reclassified from accumulated other comprehensive income | ' | ' | ' |
Net current period other comprehensive income (loss) | 2 | ' | -15 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending balance | -22 | ' | -22 |
Interest rate swap [Member] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Beginning balance | 6 | ' | ' |
Other comprehensive income (loss) before reclassifications | -2 | ' | 4 |
Amounts reclassified from accumulated other comprehensive income | 1 | ' | 1 |
Net current period other comprehensive income (loss) | -1 | ' | 5 |
Accumulated Other Comprehensive Income (Loss), Net of Tax, Ending balance | $5 | ' | $5 |
Venezuelan_Operations_Addition
Venezuelan Operations - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 9 Months Ended | 12 Months Ended | 9 Months Ended | 12 Months Ended | 3 Months Ended | |||||||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2010 | Feb. 08, 2013 | 31-May-10 | Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2010 | Dec. 31, 2010 |
Venezuela inflationary accounting [Member] | Venezuela inflationary accounting [Member] | Venezuela inflationary accounting [Member] | Venezuela inflationary accounting [Member] | Venezuela inflationary accounting [Member] | Venezuela inflationary accounting [Member] | Venezuela inflationary accounting [Member] | Venezuela inflationary accounting [Member] | Venezuela inflationary accounting [Member] | ||||||
Rate | Venezuelan subsidiary [Member] | Venezuelan subsidiary [Member] | Venezuelan subsidiary [Member] | Minimum [Member] | Maximum [Member] | |||||||||
Foreign Operation (Line Items) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exceeded percentages of national consumer price index | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' |
Highly inflationary economy | ' | ' | ' | ' | ' | ' | 'Three-year | ' | ' | ' | ' | ' | ' | ' |
Conversion rate for essential goods and services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.15 | 2.6 |
Conversion rate for non-essential goods and services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2.15 | 4.3 |
Parallel market rate for U.S Dollar | ' | ' | ' | ' | ' | ' | ' | ' | 5.3 | ' | ' | ' | ' | ' |
Amount of negative impact on pre-tax net income, due to devaluation | ' | ' | ' | ' | ' | $2 | ' | ' | ' | ' | ' | ' | ' | ' |
Devaluation of currency VEF per U.S. Dollar | ' | ' | ' | ' | ' | ' | ' | 6.3 | ' | ' | ' | ' | ' | ' |
Percentage of sales earned from subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5.00% | 3.00% | ' | ' | ' |
Net income loss attributable to company | 9 | 4 | 14 | -22 | ' | ' | ' | ' | ' | 4 | 3 | ' | ' | ' |
Total assets | 1,035 | ' | 1,035 | ' | 960 | ' | ' | ' | ' | 28 | ' | 15 | ' | ' |
Total liabilities | $1,231 | ' | $1,231 | ' | $809 | ' | ' | ' | ' | $20 | ' | $12 | ' | ' |
Financial_Information_for_Guar2
Financial Information for Guarantors and Non-Guarantors - Additional Information (Detail) (USD $) | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Apr. 25, 2013 |
Senior Notes [Member] | Senior Notes [Member] | ||
Condensed Financial Statements, Captions [Line Items] | ' | ' | ' |
Notes, aggregate principal amount | ' | ' | $250 |
Debt outstanding | ' | $250 | ' |
Ownership interest in Affinia Group Inc. | 100.00% | ' | ' |
Financial_Information_for_Guar3
Financial Information for Guarantors and Non-Guarantors - Guarantor Condensed Consolidating Statement of Operations (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Schedule Of Condensed Consolidating Statement Of Operations [Line Items] | ' | ' | ' | ' |
Net sales | $401 | $375 | $1,170 | $1,112 |
Cost of sales | -308 | -287 | -900 | -858 |
Gross profit | 93 | 88 | 270 | 254 |
Selling, general and administrative expenses | -57 | -50 | -161 | -148 |
Operating profit (loss) | 36 | 38 | 109 | 106 |
Loss on extinguishment of debt | ' | ' | -15 | -1 |
Other income (loss), net | -1 | 2 | -3 | 2 |
Interest expense | -15 | -16 | -58 | -48 |
Income (loss) from continuing operations before income tax benefit (provision), equity in income (loss), net of tax and noncontrolling interest | 20 | 24 | 33 | 59 |
Income tax benefit (provision) | -9 | -10 | -16 | -24 |
Equity in income (loss), net of tax | -2 | 1 | -2 | 1 |
Net income (loss) from continuing operations | 9 | 15 | 15 | 36 |
Income (loss) from discontinued operations, net of tax | ' | -10 | -1 | -57 |
Net income (loss) | 9 | 5 | 14 | -21 |
Less: net income attributable to noncontrolling interest, net of tax | ' | 1 | ' | 1 |
Net income (loss) attributable to the Company | 9 | 4 | 14 | -22 |
Parent [Member] | ' | ' | ' | ' |
Schedule Of Condensed Consolidating Statement Of Operations [Line Items] | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' |
Cost of sales | ' | ' | ' | ' |
Gross profit | ' | ' | ' | ' |
Selling, general and administrative expenses | ' | ' | ' | ' |
Operating profit (loss) | ' | ' | ' | ' |
Loss on extinguishment of debt | ' | ' | ' | ' |
Other income (loss), net | ' | ' | ' | ' |
Interest expense | ' | ' | ' | ' |
Income (loss) from continuing operations before income tax benefit (provision), equity in income (loss), net of tax and noncontrolling interest | ' | ' | ' | ' |
Income tax benefit (provision) | ' | ' | ' | ' |
Equity in income (loss), net of tax | 9 | 4 | 14 | -22 |
Net income (loss) from continuing operations | 9 | 4 | 14 | -22 |
Income (loss) from discontinued operations, net of tax | ' | ' | ' | ' |
Net income (loss) | 9 | 4 | 14 | -22 |
Less: net income attributable to noncontrolling interest, net of tax | ' | ' | ' | ' |
Net income (loss) attributable to the Company | 9 | 4 | 14 | -22 |
Issuer [Member] | ' | ' | ' | ' |
Schedule Of Condensed Consolidating Statement Of Operations [Line Items] | ' | ' | ' | ' |
Net sales | ' | ' | ' | ' |
Cost of sales | ' | ' | ' | ' |
Gross profit | ' | ' | ' | ' |
Selling, general and administrative expenses | -16 | -13 | -28 | -35 |
Operating profit (loss) | -16 | -13 | -28 | -35 |
Loss on extinguishment of debt | ' | ' | -15 | -1 |
Other income (loss), net | -1 | ' | -1 | 1 |
Interest expense | -15 | -15 | -57 | -47 |
Income (loss) from continuing operations before income tax benefit (provision), equity in income (loss), net of tax and noncontrolling interest | -32 | -28 | -101 | -82 |
Income tax benefit (provision) | -2 | -2 | ' | -4 |
Equity in income (loss), net of tax | 43 | 34 | 115 | 64 |
Net income (loss) from continuing operations | 9 | 4 | 14 | -22 |
Income (loss) from discontinued operations, net of tax | ' | ' | ' | ' |
Net income (loss) | 9 | 4 | 14 | -22 |
Less: net income attributable to noncontrolling interest, net of tax | ' | ' | ' | ' |
Net income (loss) attributable to the Company | 9 | 4 | 14 | -22 |
Guarantor [Member] | ' | ' | ' | ' |
Schedule Of Condensed Consolidating Statement Of Operations [Line Items] | ' | ' | ' | ' |
Net sales | 204 | 202 | 617 | 611 |
Cost of sales | -166 | -159 | -495 | -495 |
Gross profit | 38 | 43 | 122 | 116 |
Selling, general and administrative expenses | -17 | -16 | -65 | -51 |
Operating profit (loss) | 21 | 27 | 57 | 65 |
Loss on extinguishment of debt | ' | ' | ' | ' |
Other income (loss), net | ' | -1 | -1 | -4 |
Interest expense | ' | ' | ' | ' |
Income (loss) from continuing operations before income tax benefit (provision), equity in income (loss), net of tax and noncontrolling interest | 21 | 26 | 56 | 61 |
Income tax benefit (provision) | -2 | ' | ' | ' |
Equity in income (loss), net of tax | 24 | 12 | 44 | 18 |
Net income (loss) from continuing operations | 43 | 38 | 100 | 79 |
Income (loss) from discontinued operations, net of tax | ' | -3 | 15 | -14 |
Net income (loss) | 43 | 35 | 115 | 65 |
Less: net income attributable to noncontrolling interest, net of tax | ' | 1 | ' | 1 |
Net income (loss) attributable to the Company | 43 | 34 | 115 | 64 |
Non-Guarantor [Member] | ' | ' | ' | ' |
Schedule Of Condensed Consolidating Statement Of Operations [Line Items] | ' | ' | ' | ' |
Net sales | 241 | 286 | 672 | 784 |
Cost of sales | -186 | -241 | -524 | -646 |
Gross profit | 55 | 45 | 148 | 138 |
Selling, general and administrative expenses | -24 | -21 | -68 | -62 |
Operating profit (loss) | 31 | 24 | 80 | 76 |
Loss on extinguishment of debt | ' | ' | ' | ' |
Other income (loss), net | ' | 3 | -1 | 5 |
Interest expense | ' | -1 | -1 | -1 |
Income (loss) from continuing operations before income tax benefit (provision), equity in income (loss), net of tax and noncontrolling interest | 31 | 26 | 78 | 80 |
Income tax benefit (provision) | -5 | -8 | -16 | -20 |
Equity in income (loss), net of tax | -2 | 1 | -2 | 1 |
Net income (loss) from continuing operations | 24 | 19 | 60 | 61 |
Income (loss) from discontinued operations, net of tax | ' | -7 | -16 | -43 |
Net income (loss) | 24 | 12 | 44 | 18 |
Less: net income attributable to noncontrolling interest, net of tax | ' | ' | ' | ' |
Net income (loss) attributable to the Company | 24 | 12 | 44 | 18 |
Eliminations [Member] | ' | ' | ' | ' |
Schedule Of Condensed Consolidating Statement Of Operations [Line Items] | ' | ' | ' | ' |
Net sales | -44 | -113 | -119 | -283 |
Cost of sales | 44 | 113 | 119 | 283 |
Gross profit | ' | ' | ' | ' |
Selling, general and administrative expenses | ' | ' | ' | ' |
Operating profit (loss) | ' | ' | ' | ' |
Loss on extinguishment of debt | ' | ' | ' | ' |
Other income (loss), net | ' | ' | ' | ' |
Interest expense | ' | ' | ' | ' |
Income (loss) from continuing operations before income tax benefit (provision), equity in income (loss), net of tax and noncontrolling interest | ' | ' | ' | ' |
Income tax benefit (provision) | ' | ' | ' | ' |
Equity in income (loss), net of tax | -76 | -50 | -173 | -60 |
Net income (loss) from continuing operations | -76 | -50 | -173 | -60 |
Income (loss) from discontinued operations, net of tax | ' | ' | ' | ' |
Net income (loss) | -76 | -50 | -173 | -60 |
Less: net income attributable to noncontrolling interest, net of tax | ' | ' | ' | ' |
Net income (loss) attributable to the Company | ($76) | ($50) | ($173) | ($60) |
Financial_Information_for_Guar4
Financial Information for Guarantors and Non-Guarantors - Guarantor Condensed Consolidating Statement of Comprehensive Income (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Schedule of Condensed Consolidating Statement of Comprehensive Income [Line Items] | ' | ' | ' | ' |
Net income | $9 | $5 | $14 | ($21) |
Other comprehensive income (loss), net of tax: | ' | ' | ' | ' |
Interest rate swap, net of tax | -1 | ' | 5 | ' |
Change in foreign currency translation adjustments | 2 | 11 | -15 | ' |
Total other comprehensive income (loss) | 1 | 11 | -10 | ' |
Total comprehensive income (loss) | 10 | 16 | 4 | -21 |
Less: comprehensive income attributable to noncontrolling interest, net of tax | ' | 1 | ' | 1 |
Comprehensive income (loss) attributable to the Company | 10 | 15 | 4 | -22 |
Parent [Member] | ' | ' | ' | ' |
Schedule of Condensed Consolidating Statement of Comprehensive Income [Line Items] | ' | ' | ' | ' |
Net income | 9 | 4 | 14 | -22 |
Other comprehensive income (loss), net of tax: | ' | ' | ' | ' |
Interest rate swap, net of tax | -1 | ' | 5 | ' |
Change in foreign currency translation adjustments | 2 | 11 | -15 | ' |
Total other comprehensive income (loss) | 1 | 11 | -10 | ' |
Total comprehensive income (loss) | 10 | 15 | 4 | -22 |
Less: comprehensive income attributable to noncontrolling interest, net of tax | ' | ' | ' | ' |
Comprehensive income (loss) attributable to the Company | 10 | 15 | 4 | -22 |
Issuer [Member] | ' | ' | ' | ' |
Schedule of Condensed Consolidating Statement of Comprehensive Income [Line Items] | ' | ' | ' | ' |
Net income | 9 | 4 | 14 | -22 |
Other comprehensive income (loss), net of tax: | ' | ' | ' | ' |
Interest rate swap, net of tax | -1 | ' | 5 | ' |
Change in foreign currency translation adjustments | 2 | 11 | -15 | ' |
Total other comprehensive income (loss) | 1 | 11 | -10 | ' |
Total comprehensive income (loss) | 10 | 15 | 4 | -22 |
Less: comprehensive income attributable to noncontrolling interest, net of tax | ' | ' | ' | ' |
Comprehensive income (loss) attributable to the Company | 10 | 15 | 4 | -22 |
Guarantor [Member] | ' | ' | ' | ' |
Schedule of Condensed Consolidating Statement of Comprehensive Income [Line Items] | ' | ' | ' | ' |
Net income | 43 | 35 | 115 | 65 |
Other comprehensive income (loss), net of tax: | ' | ' | ' | ' |
Interest rate swap, net of tax | ' | ' | ' | ' |
Change in foreign currency translation adjustments | ' | ' | ' | ' |
Total other comprehensive income (loss) | ' | ' | ' | ' |
Total comprehensive income (loss) | 43 | 35 | 115 | 65 |
Less: comprehensive income attributable to noncontrolling interest, net of tax | ' | 1 | ' | 1 |
Comprehensive income (loss) attributable to the Company | 43 | 34 | 115 | 64 |
Non-Guarantor [Member] | ' | ' | ' | ' |
Schedule of Condensed Consolidating Statement of Comprehensive Income [Line Items] | ' | ' | ' | ' |
Net income | 24 | 12 | 44 | 18 |
Other comprehensive income (loss), net of tax: | ' | ' | ' | ' |
Interest rate swap, net of tax | ' | ' | ' | ' |
Change in foreign currency translation adjustments | 2 | 11 | -15 | ' |
Total other comprehensive income (loss) | 2 | 11 | -15 | ' |
Total comprehensive income (loss) | 26 | 23 | 29 | 18 |
Less: comprehensive income attributable to noncontrolling interest, net of tax | ' | ' | ' | ' |
Comprehensive income (loss) attributable to the Company | 26 | 23 | 29 | 18 |
Eliminations [Member] | ' | ' | ' | ' |
Schedule of Condensed Consolidating Statement of Comprehensive Income [Line Items] | ' | ' | ' | ' |
Net income | -76 | -50 | -173 | -60 |
Other comprehensive income (loss), net of tax: | ' | ' | ' | ' |
Interest rate swap, net of tax | 1 | ' | -5 | ' |
Change in foreign currency translation adjustments | -4 | -22 | 30 | ' |
Total other comprehensive income (loss) | -3 | -22 | 25 | ' |
Total comprehensive income (loss) | -79 | -72 | -148 | -60 |
Less: comprehensive income attributable to noncontrolling interest, net of tax | ' | ' | ' | ' |
Comprehensive income (loss) attributable to the Company | ($79) | ($72) | ($148) | ($60) |
Financial_Information_for_Guar5
Financial Information for Guarantors and Non-Guarantors - Guarantor Condensed Consolidating Balance Sheet (Detail) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2011 |
In Millions, unless otherwise specified | ||||
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | $86 | $51 | $49 | $54 |
Accounts receivable | 182 | 163 | ' | ' |
Inventories, net | 302 | 304 | ' | ' |
Other current assets | 94 | 65 | ' | ' |
Total current assets | 664 | 583 | ' | ' |
Investments and other assets | 247 | 258 | ' | ' |
Intercompany investments | ' | ' | ' | ' |
Intercompany receivables (payables) | ' | ' | ' | ' |
Property, plant and equipment, net | 124 | 119 | ' | ' |
Total assets | 1,035 | 960 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable | 166 | 143 | ' | ' |
Notes payable | 22 | 23 | ' | ' |
Accrued payroll and employee benefits | 21 | 17 | ' | ' |
Other accrued expenses | 92 | 68 | ' | ' |
Total current liabilities | 301 | 251 | ' | ' |
Deferred employee benefits and noncurrent liabilities | 14 | 12 | ' | ' |
Long-term debt | 916 | 546 | ' | ' |
Total liabilities | 1,231 | 809 | ' | ' |
Total shareholder's equity | -196 | 151 | ' | ' |
Total liabilities and equity | 1,035 | 960 | ' | ' |
Parent [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' | ' |
Accounts receivable | ' | ' | ' | ' |
Inventories, net | ' | ' | ' | ' |
Other current assets | ' | ' | ' | ' |
Total current assets | ' | ' | ' | ' |
Investments and other assets | ' | ' | ' | ' |
Intercompany investments | -197 | 150 | ' | ' |
Intercompany receivables (payables) | ' | ' | ' | ' |
Property, plant and equipment, net | ' | ' | ' | ' |
Total assets | -197 | 150 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable | ' | ' | ' | ' |
Notes payable | ' | ' | ' | ' |
Accrued payroll and employee benefits | ' | ' | ' | ' |
Other accrued expenses | ' | ' | ' | ' |
Total current liabilities | ' | ' | ' | ' |
Deferred employee benefits and noncurrent liabilities | ' | ' | ' | ' |
Long-term debt | ' | ' | ' | ' |
Total liabilities | ' | ' | ' | ' |
Total shareholder's equity | -197 | 150 | ' | ' |
Total liabilities and equity | -197 | 150 | ' | ' |
Issuer [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 53 | 23 | 6 | 9 |
Accounts receivable | ' | 2 | ' | ' |
Inventories, net | ' | ' | ' | ' |
Other current assets | 30 | 15 | ' | ' |
Total current assets | 83 | 40 | ' | ' |
Investments and other assets | 148 | 197 | ' | ' |
Intercompany investments | 1,154 | 724 | ' | ' |
Intercompany receivables (payables) | -625 | -227 | ' | ' |
Property, plant and equipment, net | 2 | 2 | ' | ' |
Total assets | 762 | 736 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable | 7 | 11 | ' | ' |
Notes payable | ' | ' | ' | ' |
Accrued payroll and employee benefits | 4 | 7 | ' | ' |
Other accrued expenses | 23 | 15 | ' | ' |
Total current liabilities | 34 | 33 | ' | ' |
Deferred employee benefits and noncurrent liabilities | 8 | 6 | ' | ' |
Long-term debt | 916 | 546 | ' | ' |
Total liabilities | 958 | 585 | ' | ' |
Total shareholder's equity | -196 | 151 | ' | ' |
Total liabilities and equity | 762 | 736 | ' | ' |
Guarantor [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' | ' |
Accounts receivable | 50 | 39 | ' | ' |
Inventories, net | 166 | 172 | ' | ' |
Other current assets | 7 | 9 | ' | ' |
Total current assets | 223 | 220 | ' | ' |
Investments and other assets | 74 | 41 | ' | ' |
Intercompany investments | 704 | 652 | ' | ' |
Intercompany receivables (payables) | 221 | -134 | ' | ' |
Property, plant and equipment, net | 53 | 48 | ' | ' |
Total assets | 1,275 | 827 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable | 90 | 79 | ' | ' |
Notes payable | ' | ' | ' | ' |
Accrued payroll and employee benefits | 6 | 3 | ' | ' |
Other accrued expenses | 24 | 21 | ' | ' |
Total current liabilities | 120 | 103 | ' | ' |
Deferred employee benefits and noncurrent liabilities | 1 | ' | ' | ' |
Long-term debt | ' | ' | ' | ' |
Total liabilities | 121 | 103 | ' | ' |
Total shareholder's equity | 1,154 | 724 | ' | ' |
Total liabilities and equity | 1,275 | 827 | ' | ' |
Non-Guarantor [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | 33 | 28 | 43 | 45 |
Accounts receivable | 132 | 122 | ' | ' |
Inventories, net | 136 | 132 | ' | ' |
Other current assets | 57 | 41 | ' | ' |
Total current assets | 358 | 323 | ' | ' |
Investments and other assets | 25 | 20 | ' | ' |
Intercompany investments | ' | ' | ' | ' |
Intercompany receivables (payables) | 404 | 361 | ' | ' |
Property, plant and equipment, net | 69 | 69 | ' | ' |
Total assets | 856 | 773 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable | 69 | 53 | ' | ' |
Notes payable | 22 | 23 | ' | ' |
Accrued payroll and employee benefits | 11 | 7 | ' | ' |
Other accrued expenses | 45 | 32 | ' | ' |
Total current liabilities | 147 | 115 | ' | ' |
Deferred employee benefits and noncurrent liabilities | 5 | 6 | ' | ' |
Long-term debt | ' | ' | ' | ' |
Total liabilities | 152 | 121 | ' | ' |
Total shareholder's equity | 704 | 652 | ' | ' |
Total liabilities and equity | 856 | 773 | ' | ' |
Eliminations [Member] | ' | ' | ' | ' |
Current assets: | ' | ' | ' | ' |
Cash and cash equivalents | ' | ' | ' | ' |
Accounts receivable | ' | ' | ' | ' |
Inventories, net | ' | ' | ' | ' |
Other current assets | ' | ' | ' | ' |
Total current assets | ' | ' | ' | ' |
Investments and other assets | ' | ' | ' | ' |
Intercompany investments | -1,661 | -1,526 | ' | ' |
Intercompany receivables (payables) | ' | ' | ' | ' |
Property, plant and equipment, net | ' | ' | ' | ' |
Total assets | -1,661 | -1,526 | ' | ' |
Current liabilities: | ' | ' | ' | ' |
Accounts payable | ' | ' | ' | ' |
Notes payable | ' | ' | ' | ' |
Accrued payroll and employee benefits | ' | ' | ' | ' |
Other accrued expenses | ' | ' | ' | ' |
Total current liabilities | ' | ' | ' | ' |
Deferred employee benefits and noncurrent liabilities | ' | ' | ' | ' |
Long-term debt | ' | ' | ' | ' |
Total liabilities | ' | ' | ' | ' |
Total shareholder's equity | -1,661 | -1,526 | ' | ' |
Total liabilities and equity | ($1,661) | ($1,526) | ' | ' |
Financial_Information_for_Guar6
Financial Information for Guarantors and Non-Guarantors - Guarantor Condensed Consolidating Cash Flow Statement (Detail) (USD $) | 9 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Operating activities | ' | ' |
Net cash provided by operating activities | $69 | $88 |
Investing activities | ' | ' |
Investment in companies, net of cash acquired | -1 | ' |
Change in restricted cash | ' | 1 |
Additions to property, plant and equipment | -18 | -19 |
Proceeds from sales of assets | ' | 4 |
Net cash used in investing activities | -19 | -14 |
Financing activities | ' | ' |
Net decrease in other short-term debt | -1 | -4 |
Payments of other debt | ' | -2 |
Repayment of Secured Notes | -195 | -23 |
Repayment of Subordinated Notes | -367 | ' |
Net payments of ABL Revolver | ' | -50 |
Repayment on Term Loans | -1 | ' |
Proceeds from Senior Notes | 250 | ' |
Proceeds from Term Loans | 667 | ' |
Distribution to our shareholder | -352 | ' |
Payment of deferred financing costs | -15 | ' |
Net cash used in financing activities | -14 | -79 |
Effect of exchange rates on cash | -1 | ' |
Increase (Decrease) in cash and cash equivalents | 35 | -5 |
Cash and cash equivalents at beginning of the period | 51 | 54 |
Cash and cash equivalents at end of the period | 86 | 49 |
Parent [Member] | ' | ' |
Operating activities | ' | ' |
Net cash provided by operating activities | ' | ' |
Investing activities | ' | ' |
Investment in companies, net of cash acquired | ' | ' |
Additions to property, plant and equipment | ' | ' |
Net cash used in investing activities | ' | ' |
Financing activities | ' | ' |
Net decrease in other short-term debt | ' | ' |
Repayment of Secured Notes | ' | ' |
Repayment of Subordinated Notes | ' | ' |
Repayment on Term Loans | ' | ' |
Proceeds from Senior Notes | ' | ' |
Proceeds from Term Loans | ' | ' |
Distribution to our shareholder | ' | ' |
Payment of deferred financing costs | ' | ' |
Net cash used in financing activities | ' | ' |
Effect of exchange rates on cash | ' | ' |
Increase (Decrease) in cash and cash equivalents | ' | ' |
Cash and cash equivalents at beginning of the period | ' | ' |
Cash and cash equivalents at end of the period | ' | ' |
Issuer [Member] | ' | ' |
Operating activities | ' | ' |
Net cash provided by operating activities | 43 | 70 |
Investing activities | ' | ' |
Investment in companies, net of cash acquired | ' | ' |
Additions to property, plant and equipment | ' | ' |
Net cash used in investing activities | ' | ' |
Financing activities | ' | ' |
Net decrease in other short-term debt | ' | ' |
Repayment of Secured Notes | -195 | -23 |
Repayment of Subordinated Notes | -367 | ' |
Net payments of ABL Revolver | ' | -50 |
Repayment on Term Loans | -1 | ' |
Proceeds from Senior Notes | 250 | ' |
Proceeds from Term Loans | 667 | ' |
Distribution to our shareholder | -352 | ' |
Payment of deferred financing costs | -15 | ' |
Net cash used in financing activities | -13 | -73 |
Effect of exchange rates on cash | ' | ' |
Increase (Decrease) in cash and cash equivalents | 30 | -3 |
Cash and cash equivalents at beginning of the period | 23 | 9 |
Cash and cash equivalents at end of the period | 53 | 6 |
Guarantor [Member] | ' | ' |
Operating activities | ' | ' |
Net cash provided by operating activities | 10 | 6 |
Investing activities | ' | ' |
Investment in companies, net of cash acquired | ' | ' |
Additions to property, plant and equipment | -10 | -7 |
Proceeds from sales of assets | ' | 1 |
Net cash used in investing activities | -10 | -6 |
Financing activities | ' | ' |
Net decrease in other short-term debt | ' | ' |
Repayment of Secured Notes | ' | ' |
Repayment of Subordinated Notes | ' | ' |
Repayment on Term Loans | ' | ' |
Proceeds from Senior Notes | ' | ' |
Proceeds from Term Loans | ' | ' |
Distribution to our shareholder | ' | ' |
Payment of deferred financing costs | ' | ' |
Net cash used in financing activities | ' | ' |
Effect of exchange rates on cash | ' | ' |
Increase (Decrease) in cash and cash equivalents | ' | ' |
Cash and cash equivalents at beginning of the period | ' | ' |
Cash and cash equivalents at end of the period | ' | ' |
Non-Guarantor [Member] | ' | ' |
Operating activities | ' | ' |
Net cash provided by operating activities | 16 | 12 |
Investing activities | ' | ' |
Investment in companies, net of cash acquired | -1 | ' |
Change in restricted cash | ' | 1 |
Additions to property, plant and equipment | -8 | -12 |
Proceeds from sales of assets | ' | 3 |
Net cash used in investing activities | -9 | -8 |
Financing activities | ' | ' |
Net decrease in other short-term debt | -1 | -4 |
Payments of other debt | ' | -2 |
Repayment of Secured Notes | ' | ' |
Repayment of Subordinated Notes | ' | ' |
Repayment on Term Loans | ' | ' |
Proceeds from Senior Notes | ' | ' |
Proceeds from Term Loans | ' | ' |
Distribution to our shareholder | ' | ' |
Payment of deferred financing costs | ' | ' |
Net cash used in financing activities | -1 | -6 |
Effect of exchange rates on cash | -1 | ' |
Increase (Decrease) in cash and cash equivalents | 5 | -2 |
Cash and cash equivalents at beginning of the period | 28 | 45 |
Cash and cash equivalents at end of the period | 33 | 43 |
Eliminations [Member] | ' | ' |
Operating activities | ' | ' |
Net cash provided by operating activities | ' | ' |
Investing activities | ' | ' |
Investment in companies, net of cash acquired | ' | ' |
Additions to property, plant and equipment | ' | ' |
Net cash used in investing activities | ' | ' |
Financing activities | ' | ' |
Net decrease in other short-term debt | ' | ' |
Repayment of Secured Notes | ' | ' |
Repayment of Subordinated Notes | ' | ' |
Repayment on Term Loans | ' | ' |
Proceeds from Senior Notes | ' | ' |
Proceeds from Term Loans | ' | ' |
Distribution to our shareholder | ' | ' |
Payment of deferred financing costs | ' | ' |
Net cash used in financing activities | ' | ' |
Effect of exchange rates on cash | ' | ' |
Increase (Decrease) in cash and cash equivalents | ' | ' |
Cash and cash equivalents at beginning of the period | ' | ' |
Cash and cash equivalents at end of the period | ' | ' |