Financial Analysis

"Commitments and Contingencies Litigation and Claims In 2003, the Local Development Finance Authority of the Charter Township of Van Buren, Michigan issued approximately $28 million in bonds finally maturing in 2032, the proceeds of which were used at least in part to assist in the development of the Companys U.S. headquarters located in the Township. During January 2010, the Company and the Township entered into a settlement agreement (the Settlement Agreement) that, among other things, reduced the taxable value of the headquarters property to current market value and also provided that the Company would negotiate in good faith with the Township if the property tax payments were inadequate to permit the Township to meet its payment obligations with respect to the bonds. On December 9, 2019, the Township commenced litigation against the Company in Michigans Wayne County Circuit Court. On June 27, 2023, Visteon and the Township entered into a Settlement and Mutual Release Agreement pursuant to which Visteon, without admitting wrongdoing, will pay the Township $12 million. Payment was made in two equal installments, the first on July 3, 2023 and the second on July 1, 2024. The litigation commenced in Michigans Wayne County Circuit Court and has been dismissed with prejudice. The Company's operations in Brazil are subject to highly complex labor, tax, customs and other laws. While the Company believes that it is in compliance with such laws, it is periodically engaged in litigat …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

"Debt The Companys short and long-term debt consists of the following: Weighted Average Interest Rate Carrying Value (In millions) 2025 2024 2025 2024 Short-Term Debt: Current portion of long-term debt 5.48% 6.39% $ 18 $ 18 Long-Term Debt: Term facility, net 5.48% 6.39% $ 283 $ 301 On July 19, 2022 the Company entered into an amended and restated Credit Agreement which included a $350 million Term Facility and a $400 million Revolving Credit Facility. The amendment, among other things, changed the Credit Agreement from a LIBOR-based rate to a Secured Overnight Financing Rate (""SOFR"") based rate and extended the Credit Agreement maturity date to July 19, 2027. On June 28, 2023, the Company amended the existing Credit Agreement to, among other things, amend certain affirmative and negative covenants. The Company has deferred costs of $2 million and $1 million related to these amendments to the Credit Agreement, which are recorded in Other non-current assets and Long-term debt, net, respectively. The deferred costs will be amortized over the term of the Credit Agreement. Short-Term Debt Terms of the amended credit facility require a quarterly principal payment equal to 1.25% of the original term debt balance. The first required payment was paid during the second quarter of 2023. As of December 31, 2025, the Company has no other short-term borrowings, including at the Company's subsidiaries. The Company's subsidiaries have access to $150 million of capacity under short-term cre …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

"Stock-Based Compensation At the Companys annual meeting of shareholders in June 2020, the shareholders approved the Visteon Corporation 2020 Incentive Plan (the 2020 Incentive Plan), replacing the 2010 stock incentive plan and providing for an additional grant of up to 1.5 million shares. During the year ended December 31, 2024, the Company registered to provide an additional 1.3 million shares to the 2020 Incentive Plan. Pursuant to the 2020 Incentive Plan, the Company may grant shares of common stock for restricted stock awards (RSAs), restricted stock units (RSUs), non-qualified stock options (""Stock Options""), stock appreciation rights (SARs), performance-based share units (""PSUs""), and other stock-based awards. The Company's stock-based compensation instruments are accounted for as equity awards or liability awards based on settlement intention as follows: For equity settled stock-based compensation instruments, compensation cost is measured based on grant date fair value of the award and is recognized over the applicable service period. For equity settled stock-based compensation instruments, the delivery of Company shares may be on a gross settlement basis or a net settlement basis. The Company's policy is to deliver such shares using treasury shares or issuing new shares. Cash settled stock-based compensation instruments are subject to liability accounting. At the end of each reporting period, the vested portion of the obligation for cash settled stock-based comp …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

"Fair Value Measurements Fair Value Hierarchy The Company uses a three-level fair value hierarchy that categorizes assets and liabilities measured at fair value based on the observability of the inputs utilized in the valuation. The fair value hierarchy gives the highest priority to the quoted prices in active markets for identical assets and liabilities and lowest priority to unobservable inputs. Level 1 Financial assets and liabilities whose values are based on unadjusted quoted market prices for identical assets and liabilities in an active market that the Company has the ability to access. Level 2 Financial assets and liabilities whose values are based on quoted prices in markets that are not active or model inputs that are observable for substantially the full term of the asset or liability. Level 3 Financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. Assets which are valued at net asset value per share (""NAV""), or its equivalent, as a practical expedient are reported outside the fair value hierarchy but are included in the total assets for reporting and reconciliation purposes. The fair value hierarchy for assets and liabilities measured at fair value on a recurring basis are as follows: December 31, 2025 (In millions) Level 1 Level 2 Level 3 NAV Total Asset Category: Retirement plan assets $ 130 $ 73 $ 21 $ 371 $ 595 Interest rate …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Intangible Assets Intangible assets consisted of the following: December 31, 2025 December 31, 2024 (In millions) Estimated Useful Life Estimated Weighted Average Remaining Useful Life (years) Gross Intangibles Accumulated Amortization Net Intangibles Gross Intangibles Accumulated Amortization Net Intangibles Definite-Lived: Customer related 8-16 years 15 81 (13) 68 43 (9) 34 Capitalized software development 5-10 years 4 64 (39) 25 55 (31) 24 Tradename 10-20 years 16 8 (1) 7 2 2 Other 2-32 years 11 26 (17) 9 26 (15) 11 Subtotal 179 (70) 109 126 (55) 71 Indefinite-Lived: Goodwill 113 113 81 81 Total $ 292 $ (70) $ 222 $ 207 $ (55) $ 152 The Company also owns developed technology assets which have a net balance of less than $1 million as of December 31, 2025 and 2024. Capitalized software development consists of software development costs intended for integration into customer products. Goodwill as of December 31, 2025 consisted of the following: (In millions) December 31, 2022 $ 45 Foreign currency (1) December 31, 2023 $ 44 Additions 39 Foreign currency (2) December 31, 2024 $ 81 Additions 31 Acquisition fair value adjustment (5) Foreign currency 6 December 31, 2025 $ 113 The Company recorded amortization expense of approximately $15 million, $12 million, and $19 million for the years ended December 31, 2025, 2024, and 2023, respectively, related to definite-lived intangible assets. The Company currently estimates annual amortization expense to be as follows: (In millions) 20 …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

"Income Taxes Income Tax Provision The Company is subject to income taxation in the United States and various state and foreign jurisdictions. Income tax includes current and deferred taxes. Effective for the year ended December 31, 2025, the Company adopted ASU2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires enhanced disaggregation of the rate reconciliation and income taxes paid. Details of the Company's income tax provision for (benefit from) continuing operations are provided in the table below: Year Ended December 31, (In millions) 2025 2024 2023 Income (Loss) Before Income Taxes: 1 U.S. $ 32 $ 32 $ 8 Non-U.S. 298 269 259 Total income (loss) before income taxes $ 330 $ 301 $ 267 Current Tax Provision (Benefit): U.S. federal $ 1 $ $ Non-U.S. 99 77 73 U.S. state and local 1 Total current tax provision (benefit) 100 78 73 Deferred Tax Provision (Benefit): U.S. Federal $ 61 $ (62) $ (382) Non-U.S (28) (15) (8) U.S. state and local (8) (9) (13) Total deferred tax provision (benefit) 25 (86) (403) Provision for (benefit from) income taxes $ 125 $ (8) $ (330) 1 Income (loss) before income taxes excludes equity in net income from non-consolidated affiliates. Amounts shown reflect the change in accounting principle related to the method for assessing the realizability of U.S. deferred tax assets described in Note 1, ""Summary of Significant Accounting Policies"" The provision for (benefit from) income taxes resulted in an effective tax rat …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Leases The Company has operating leases primarily for corporate offices, technical and engineering centers, plants, vehicles, and certain equipment. As of December 31, 2025 and 2024 the Company had $7 million and $6 million of net assets recorded under finance leasing arrangements, respectively. Certain of the Company's lease agreements include rental payments adjusted periodically primarily for inflation. The Companys lease agreements do not contain any material residual value guarantees or material restrictive covenants. The Company subleases certain real estate to third parties primarily in the U.S., Germany, and Brazil. For the years ended December 31, 2025 and 2024, the weighted average remaining lease term and discount rate for operating leases were 8 years years and 5.11% and 5 years and 4.90%, respectively. For the years ended December 31, 2025 and 2024, the weighted average remaining lease term and discount rate for financing leases were 38 years and 4.66% and 38 years and 4.65%, respectively. The components of lease expense are as follows: Year Ended December 31, (In millions) 2025 2024 2023 Operating lease expense (includes immaterial variable lease costs) (34) $ (38) $ (38) Short-term lease expense (2) (2) (2) Sublease income 2 2 2 Total lease expense $ (34) $ (38) $ (38) Other information related to leases is as follows: Year Ended December 31, (In millions) 2025 2024 2023 Cash flows used for operating leases 31 $ 36 $ 36 Right-of-use assets obtained in exchange …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

"Accounting Pronouncements Not Yet Adopted In November 2024, the FASB issued ASU No. 2024-03 (ASU 2024-03), Disaggregation of Income Statement Expenses (DISE) which requires disaggregated disclosure of income statement expenses for public business entities. The standard requires public business entities to disclose disaggregated information about specific natural expense categories underlying certain income statement expense line items that are considered relevant. The FASB also issued ASU No. 2025-01 (ASU 2025-01), Clarifying the Effective Date, which clarifies the adoption date of ASU 2024-03 as annual reporting periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027 The Company is currently evaluating the potential effect of this accounting standard update on its consolidated financial statements and related disclosures. In July 2025, the FASB issued ASU No. 2025-05 (ASU 2025-05), Financial InstrumentsCredit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, which allows entities to use a simplified approach when estimating credit losses for current accounts receivable and contract assets arising from revenue transactions. The standard update permits consideration of collections after the balance sheet date when estimating expected credit losses, and allows consideration of subsequent collections when estimating credit losses, reducing documentation burden. T …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

"Employee Benefit Plans Defined Benefit Plans The Company sponsors pay related benefit plans for employees in the U.S., U.K., Germany, Brazil, France, Mexico, Japan, and Canada. Employees in the U.S. and U.K. are no longer accruing benefits under the Company's defined benefit plans as these plans were frozen. The Companys defined benefit plans are partially funded with the exception of certain supplemental benefit plans for executives and certain non-U.S. plans, primarily in Germany, which are unfunded. The Company's expense for all defined benefit pension plans, is as follows: U.S. Plans Non-U.S. Plans Year Ended December 31, Year Ended December 31, (In millions, except percentages) 2025 2024 2023 2025 2024 2023 Costs Recognized in Income: Pension service cost: Service cost $ $ $ $ (1) $ (1) $ (1) Pension financing benefit (cost): Interest cost (28) (31) (32) (11) (9) (10) Expected return on plan assets 36 41 41 11 10 10 Amortization of losses and other 1 1 Settlements (7) (4) Restructuring related pension cost: Special termination benefits (1) (1) Net pension income (expense) $ 1 $ 6 $ 10 $ (1) $ (1) $ (1) Weighted Average Assumptions: Discount rate 5.65 % 5.16 % 5.51 % 5.82 % 5.07 % 5.30 % Compensation increase NA NA NA 2.58 % 2.89 % 2.69 % Long-term return on assets 7.06 % 7.23 % 6.87 % 5.59 % 4.79 % 4.60 % The Company's total accumulated benefit obligations for all defined benefit plans was $640 million and $723 million as of December 31, 2025 and 2024, respectively. The …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

"Non-Consolidated Affiliates A summary of the Company's investments in non-consolidated equity method affiliates is provided below: December 31, (In millions) 2025 2024 Yanfeng Visteon Investment Co., Ltd. (""YFVIC"") (50%) $ $ Limited partnerships 16 15 Others 13 12 Total investments in non-consolidated affiliates $ 29 $ 27 Investments in Affiliates Equity in net income of non-consolidated affiliates was income of $8 million and a loss of $3 million and $10 million for the years ended December 31, 2025, 2024, and 2023, respectively. The Company monitors its investments in affiliates for indicators of other-than-temporary declines in value on an ongoing basis. If the Company determines that an other-than-temporary decline in value has occurred, an impairment loss will be recorded, measured as the difference between the carrying value and the fair value of the investment. As of December 31, 2025, the Company determined that no such indicators were present. The Company's share of YFVIC reported losses are greater than the carrying value of this investment. Based on the equity method of accounting, losses exceeding the investment balance were not recorded and are monitored as suspended losses. As of December 31, 2025 and 2024, the total suspended loss attributable to YFVIC was $5 million and $3 million, respectively, for which the Company has no contractual obligation to fund. During the second quarter of 2024, the Company loaned YFVIC $5 million to provide financial support. Du …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

"Segment Information and Revenue Recognition The Company manages the business activities on a consolidated basis and operates in one reportable segment. The Companys reportable segment is Electronics. The Electronics segment provides vehicle cockpit electronics products to customers, including digital instrument clusters, information displays, infotainment, cockpit domain controllers, CognitoAI TM , battery management systems, high voltage power electronics, and engineering services. As the Company has one reportable segment, net sales, total assets, depreciation, amortization and capital expenditures are equal to consolidated results. Financial results for the Company's reportable segment have been prepared using a management approach, which is consistent with the basis and manner in which financial information is evaluated by the Company's Chief Operating Decision Maker (""CODM"") in allocating resources and in assessing performance. The Companys CODM is the Chief Executive Officer. The measurement of segment profit or loss that the CODM uses to evaluates the performance of the Companys segment is net income attributable to Visteon Corporation. Financial forecasts and budget to actual results used by the CODM to assess performance and allocate resources, as well as those used for strategic decisions related to headcount and capital expenditures are reviewed on a consolidated basis. The CODM considers the impact of the significant segment expenses in the table below on net i …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"Summary of Significant Accounting Policies Basis of Presentation: Visteon Corporation (the ""Company"" or ""Visteon"") financial statements have been prepared in conformity with accounting principles generally accepted in the United States (""U.S. GAAP"") on a going concern basis, which contemplates the continuity of operations, realization of assets, and satisfaction of liabilities in the normal course of business. Principles of Consolidation: The consolidated financial statements include the accounts of the Company and subsidiaries over which it exerts control. Investments in affiliates over which the Company does not exercise control, but does have the ability to exercise significant influence over operating and financial policies, are accounted for using the equity method. All intercompany profits, transactions, and balances have been eliminated. The Company determines whether the joint venture in which it has invested is a Variable Interest Entity (VIE) at the start of each new venture and when a reconsideration event has occurred. An enterprise must consolidate a VIE if it is determined to be the primary beneficiary of the VIE. The primary beneficiary has both the power to direct the activities of the VIE that most significantly impact the entitys economic performance and the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. Use of Estimates: The preparation of financial statements in conformity …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Stockholders Equity and Non-controlling Interests Treasury Stock As of December 31, 2025 and 2024, respectively, the Company held 28,196,199 and 27,860,349 shares of common stock in treasury which may be used for satisfying obligations under employee incentive compensation arrangements. The Company values shares of common stock held in treasury at cost. Non-Controlling Interests Non-controlling interests in Visteon Corporation are as follows: December 31, (In millions) 2025 2024 Shanghai Visteon Automotive Electronics Co., Ltd. $ 54 $ 55 Yanfeng Visteon Automotive Electronics Co., Ltd. 16 13 Changchun Visteon FAWAY Automotive Electronics Co., Ltd. 12 12 Other 1 1 $ 83 $ 81 Accumulated Other Comprehensive Income (Loss) Changes in AOCI and reclassifications out of AOCI by component includes: Year Ended December 31, (In millions) 2025 2024 Changes in AOCI: Beginning balance $ (306) $ (254) Other comprehensive income (loss) before reclassification, net of tax 38 (64) Amounts reclassified from AOCI 28 12 Ending balance $ (240) $ (306) Changes in AOCI by component: Foreign currency translation adjustments Beginning balance $ (266) $ (192) Other comprehensive income (loss) before reclassification 61 (74) Amounts reclassified from AOCI Ending balance (205) (266) Net investment hedge Beginning balance 18 5 Other comprehensive income (loss) before reclassification (10) 13 Amounts reclassified from AOCI Ending balance 8 18 Benefit plans Beginning balance (66) (76) Other comprehensive in …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

"NOTE 2. Business Acquisition On June 5, 2026, Visteon acquired all of the equity shares of a software engineering company focused on functional safety and safety systems architecture for cash of $24 million (""Software Architecture Acquisition"") not including contingent consideration of up to $16 million. This additional consideration is to be paid if certain financial and operational milestones are achieved. The Software Architecture Acquisition adds strong capabilities in controller software architecture services to OEMs. The aggregate purchase price was allocated to the assets acquired and liabilities assumed as follows: (In millions) Cash $ 22 Escrow 2 Total fair value of consideration $ 24 Assets acquired: Cash $ 4 Accounts receivable 3 Other current assets 1 Total Assets acquired $ 8 Liabilities assumed: Other liabilities $ 4 Total Liabilities assumed $ 4 Goodwill $ 20 The Software Architecture Acquisition is accounted for as a business combination. The purchase price was recorded on a preliminary basis at estimated fair values, based on management's assessment as of June 5, 2026. These estimates relied on available information, reasonable and supportable assumptions, and when necessary, assistance from a third-party engaged by the Company. During the measurement period, not to exceed one year from the acquisition date, the Company may adjust estimated or provisional amounts of assets and liabilities if new information is obtained related to facts and circumstances th …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

Commitments and Contingencies Litigation and Claims The Company's operations in Brazil are subject to highly complex labor, tax, customs and other laws. While the Company believes that it is in compliance with such laws, it is periodically engaged in litigation regarding the application of these laws. The Company maintained accruals of $6 million for claims aggregating $47 million in Brazil as of June 30, 2026. The amounts accrued represent claims that are deemed probable of loss and are reasonably estimable based on the Company's assessment of the claims and prior experience with similar matters. While the Company believes its accruals for litigation and claims are adequate, the final amounts required to resolve such matters could differ materially from recorded estimates and the Company's results of operations and cash flows could be materially affected. Product Warranty and Recall Amounts accrued for product warranty and recall claims are based on managements best estimates of the amounts that will ultimately be required to settle such items. The Companys estimates for product warranty and recall obligations are developed with support from its sales, engineering, quality and legal functions and include due consideration of contractual arrangements, past experience, current claims and related information, production changes, industry and regulatory developments, and various other considerations. The Company can provide no assurances that it will not experience material clai …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

Debt The Companys debt consists of the following: June 30, December 31, (In millions) 2026 2025 Short-Term Debt: Current portion of long-term debt $ 15 $ 18 Long-Term Debt: Term debt facility, net $ 284 $ 283 On April 27, 2026, the Company entered into an amended and restated Credit Agreement which included a $300 million Term Loan A Facility and a $400 million Revolving Credit Facility. The amendment, among other things, changed the Credit Agreement principal borrowing balance, amended certain affirmative and negative covenants, applicable interest rate margins, and extended the Credit Agreement maturity date to April 27, 2031. The Company evaluated the amended debt arrangement in accordance with ASC 470-50, DebtModifications and Extinguishments. Because the Company's borrowings are held by a syndicate of lenders, the accounting assessment was performed on a lender-by-lender basis. Based on the quantitative and qualitative analyses performed, the Company concluded that the amendment represented a modification of existing debt with respect to lenders that continued participation in the amended facility and for which the change in cash flows did not meet the extinguishment criteria. For these lenders, existing unamortized debt issuance costs and discounts continue to be amortized over the remaining term of the amended debt. For lenders whose participation in the amended facility resulted in substantially different terms or which were replaced by new lenders, the amendment was …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Goodwill and Other Intangible Assets Intangible assets, net are comprised of the following: June 30, 2026 December 31, 2025 (In millions) Estimated Weighted Average Useful Life (years) Gross Intangibles Accumulated Amortization Net Intangibles Gross Intangibles Accumulated Amortization Net Intangibles Definite-Lived: Customer related 14 79 (16) 63 81 (13) $ 68 Capitalized software development 4 66 (43) 23 64 (39) $ 25 Tradename 16 8 (1) 7 8 (1) $ 7 Other 11 26 (18) 8 26 (17) $ 9 Subtotal 179 (78) 101 179 (70) 109 Indefinite-Lived: Goodwill 132 132 113 $ 113 Total $ 311 $ (78) $ 233 $ 292 $ (70) $ 222 The Company also owns developed technology assets which have a net balance of less than $1 million as of June 30, 2026 and December 31, 2025. Capitalized software development consists of software development costs intended for integration into customer products. Goodwill activity as of June 30, 2026 consisted of the following: (In millions) December 31, 2025 $ 113 Foreign currency (2) March 31, 2026 $ 111 Acquisition of business 20 Foreign currency 1 June 30, 2026 $ 132 …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income Taxes

IncomeTaxDisclosureTextBlock

Employee Benefit Plans The Company's net periodic benefit costs for all defined benefit plans for the three month periods ended June 30, 2026 and 2025 were as follows: U.S. Plans Non-U.S. Plans (In millions) 2026 2025 2026 2025 Costs Recognized in Income: Pension service (cost): Service cost $ $ $ $ Pension financing benefits (cost): Interest cost $ (6) $ (7) $ (2) $ (3) Expected return on plan assets 8 9 3 3 Total pension financing benefits: 2 2 1 Net pension benefit (cost) $ 2 $ 2 $ 1 $ The Company's net periodic benefit costs for all defined benefit plans for the six month periods ended June 30, 2026 and 2025 were as follows: U.S. Plans Non-U.S. Plans (In millions) 2026 2025 2026 2025 Costs Recognized in Income: Pension service (cost): Service cost $ $ $ $ Pension financing benefits (cost): Interest cost $ (10) $ (14) $ (5) $ (5) Expected return on plan assets 16 18 6 5 Total pension financing benefits: 6 4 1 Net pension benefit (cost) $ 6 $ 4 $ 1 $ Pension financing benefits are classified as Other income (expense), net on the Company's condensed consolidated statements of comprehensive income. During the six months ended June 30, 2026, cash contributions to the Company's defined benefit plans were less than $1 million related to its US plan and $3 million related to its non-U.S. plans. The Company estimates that total cash contributions related to its U.S. and non-U.S. defined benefit pension plans during the remainder of 2026 will be less than $1 million …

PensionAndOtherPostretirementBenefitsDisclosureTextBlock · excerpt; the full note is in the filing

"Restructuring Given the economically-sensitive and highly competitive nature of the automotive electronics industry, the Company continues to closely monitor current market factors and industry trends, taking actions as necessary which may include restructuring actions. However, there can be no assurance that any such actions will be sufficient to fully offset the impact of adverse factors on the Company or its results of operations, financial position and cash flows. During the six months ended June 30, 2026 and 2025, t he Company recorded $17 million and $1 million, respectively, of net restructuring expense. These expenses are primarily related to employee severance. Current restructuring actions include the following: In 2026, The Company has approved and began to execute on restructuring actions designed to rebalance resources and better align talent with areas of business growth while improving operational efficiencies. As of June 30, 2026, the Company has $10 million accrued related to these actions and payments related to these programs are expected to be complete by the end of 2028. The Company has analyzed and approved various global restructuring programs impacting manufacturing and engineering facilities, as well as administrative functions to improve efficiency and further rationalize the Companys footprint. As of June 30, 2026, $11 million remains accrued for the program and payments related to this program are expected to be complete by the end of 2027. As of …

RestructuringAndRelatedActivitiesDisclosureTextBlock · excerpt; the full note is in the filing

"The Company manages the business activities on a consolidated basis and operates in one reportable segment. The Companys reportable segment is Electronics. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment systems, audio systems, telematics solutions, battery monitoring systems, and head-up displays. As the Company has one reportable segment, net sales, total assets, depreciation, amortization and capital expenditures are equal to consolidated results. Financial results for the Company's reportable segment have been prepared using a management approach, which is consistent with the basis and manner in which financial information is evaluated by the Company's Chief Operating Decision Maker (""CODM"") in allocating resources and in assessing performance. The Companys CODM is the Chief Executive Officer. The measurement of segment profit or loss that the CODM uses to evaluate the performance of the Companys segment is net income attributable to Visteon Corporation. Financial forecasts and budget-to-actual results used by the CODM to assess performance and allocate resources, as well as those used for strategic decisions related to headcount and capital expenditures are reviewed on a consolidated basis. The CODM considers the impact of the significant segment expenses in the table below on net income when deciding whether to reinvest profits, propose dividends or share repurchase, …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"Summary of Significant Accounting Policies Basis of Presentation - Interim Financial Statements The condensed consolidated financial statements of Visteon Corporation and Subsidiaries (the ""Company"" or ""Visteon"") have been prepared in accordance with accounting principles generally accepted in the United States (""U.S. GAAP""). Certain information and footnote disclosures normally included in financial statements prepared in accordance with the rules and regulations of the United States Securities and Exchange Commission (""SEC"") have been condensed or omitted pursuant to such rules and regulations. These interim condensed consolidated financial statements include all adjustments (consisting of normal recurring adjustments, except as otherwise disclosed) that management believes are necessary for a fair presentation of the results of operations, financial position, stockholders' equity, and cash flows of the Company for the interim periods presented. Interim results are not necessarily indicative of full-year results. Use of Estimates: The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect amounts reported herein. Considerable judgment is involved in making these determinations, and the use of different estimates or assumptions could result in significantly different results. Management believes its assumptions and estimates are reasonable and appropriate. However, actual results could diffe …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Stockholders Equity and Non-controlling Interests Non-Controlling Interests The Company's non-controlling interests are as follows: June 30, December 31, (In millions) 2026 2025 Shanghai Visteon Automotive Electronics, Co., Ltd. $ 52 $ 54 Yanfeng Visteon Automotive Electronics Co., Ltd. 15 16 Changchun Visteon FAWAY Automotive Electronics, Co., Ltd. 10 12 Other 1 1 $ 78 $ 83 Accumulated Other Comprehensive Income (Loss) Changes in Accumulated other comprehensive income (loss) (AOCI) and reclassifications out of AOCI by component include: Three Months Ended June 30, Six Months Ended June 30, (In millions) 2026 2025 2026 2025 Changes in AOCI: Beginning balance $ (252) (287) (240) (306) Other comprehensive income (loss) before reclassification, net of tax 9 31 (4) 48 Amounts reclassified from AOCI 1 1 3 Ending balance (243) (255) (243) (255) Changes in AOCI by Component: Foreign currency translation adjustments Beginning balance $ (219) (235) (205) (266) Other comprehensive income (loss) before reclassification, net of tax 17 41 3 72 Ending balance (202) (194) (202) (194) Net investment hedge Beginning balance 10 9 8 18 Other comprehensive income (loss) before reclassification, net of tax (7) (7) (5) (16) Ending balance 3 2 3 2 Benefit plans Beginning balance (47) (67) (47) (66) Amounts reclassified from AOCI (1) (2) Ending balance (47) (68) (47) (68) Unrealized hedging gain (loss) Beginning balance 4 6 4 8 Other comprehensive income (loss) before reclassification, net of tax (1 …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing