$VC
VISTEON CORP

2021 Q1 Form 10-Q Financial Statement

#000111133521000012 Filed on April 29, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $746.0M $643.0M
YoY Change 16.02% -12.75%
Cost Of Revenue $673.0M $590.0M
YoY Change 14.07% -12.07%
Gross Profit $73.00M $53.00M
YoY Change 37.74% -19.7%
Gross Profit Margin 9.79% 8.24%
Selling, General & Admin $45.00M $54.00M
YoY Change -16.67% -5.26%
% of Gross Profit 61.64% 101.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.00M $25.00M
YoY Change 8.0% 0.0%
% of Gross Profit 36.99% 47.17%
Operating Expenses $45.00M $54.00M
YoY Change -16.67% -5.26%
Operating Profit $28.00M -$1.000M
YoY Change -2900.0% -111.11%
Interest Expense $3.000M $3.000M
YoY Change 0.0% 0.0%
% of Operating Profit 10.71%
Other Income/Expense, Net $4.000M $4.000M
YoY Change 0.0% 100.0%
Pretax Income $31.00M -$31.00M
YoY Change -200.0% -381.82%
Income Tax $12.00M $5.000M
% Of Pretax Income 38.71%
Net Earnings $16.00M -$35.00M
YoY Change -145.71% -350.0%
Net Earnings / Revenue 2.14% -5.44%
Basic Earnings Per Share $0.57 -$1.25
Diluted Earnings Per Share $0.56 -$1.25
COMMON SHARES
Basic Shares Outstanding 27.90M shares 27.90M shares
Diluted Shares Outstanding 28.40M shares 27.90M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $482.0M $822.0M
YoY Change -41.36% 90.28%
Cash & Equivalents $482.0M $822.0M
Short-Term Investments
Other Short-Term Assets $152.0M $177.0M
YoY Change -14.12% -6.84%
Inventory $188.0M $180.0M
Prepaid Expenses $26.00M $30.00M
Receivables $466.0M $401.0M
Other Receivables $83.00M $109.0M
Total Short-Term Assets $1.292B $1.583B
YoY Change -18.38% 23.38%
LONG-TERM ASSETS
Property, Plant & Equipment $414.0M $420.0M
YoY Change -1.43% 3.45%
Goodwill $0.00
YoY Change
Intangibles $81.00M
YoY Change 2.53%
Long-Term Investments $57.00M $48.00M
YoY Change 18.75% 6.67%
Other Assets $123.0M $150.0M
YoY Change -18.0% -4.46%
Total Long-Term Assets $879.0M $905.0M
YoY Change -2.87% 0.67%
TOTAL ASSETS
Total Short-Term Assets $1.292B $1.583B
Total Long-Term Assets $879.0M $905.0M
Total Assets $2.171B $2.488B
YoY Change -12.74% 14.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $486.0M $442.0M
YoY Change 9.95% 0.45%
Accrued Expenses $107.0M $101.0M
YoY Change 5.94% -1.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $36.00M
YoY Change -100.0% -35.71%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $775.0M $729.0M
YoY Change 6.31% -1.35%
LONG-TERM LIABILITIES
Long-Term Debt $349.0M $748.0M
YoY Change -53.34% 114.94%
Other Long-Term Liabilities $67.00M $59.00M
YoY Change 13.56% -14.49%
Total Long-Term Liabilities $416.0M $807.0M
YoY Change -48.45% 93.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $775.0M $729.0M
Total Long-Term Liabilities $416.0M $807.0M
Total Liabilities $1.191B $1.536B
YoY Change -22.46% 32.87%
SHAREHOLDERS EQUITY
Retained Earnings $1.639B $1.644B
YoY Change -0.3% 1.29%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.272B $2.284B
YoY Change -0.53% 1.2%
Treasury Stock Shares
Shareholders Equity $384.0M $394.0M
YoY Change
Total Liabilities & Shareholders Equity $2.171B $2.488B
YoY Change -12.74% 14.02%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $16.00M -$35.00M
YoY Change -145.71% -350.0%
Depreciation, Depletion And Amortization $27.00M $25.00M
YoY Change 8.0% 0.0%
Cash From Operating Activities $11.00M $25.00M
YoY Change -56.0% 525.0%
INVESTING ACTIVITIES
Capital Expenditures -$18.00M -$44.00M
YoY Change -59.09% 18.92%
Acquisitions
YoY Change
Other Investing Activities -$1.000M -$1.000M
YoY Change 0.0% 0.0%
Cash From Investing Activities -$15.00M -$41.00M
YoY Change -63.41% 20.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $16.00M
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $0.00 $377.0M
YoY Change -100.0% -18950.0%
NET CHANGE
Cash From Operating Activities $11.00M $25.00M
Cash From Investing Activities -$15.00M -$41.00M
Cash From Financing Activities $0.00 $377.0M
Net Change In Cash -$14.00M $356.0M
YoY Change -103.93% -1212.5%
FREE CASH FLOW
Cash From Operating Activities $11.00M $25.00M
Capital Expenditures -$18.00M -$44.00M
Free Cash Flow $29.00M $69.00M
YoY Change -57.97% 68.29%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2021Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
CY2021Q1 dei Amendment Flag
AmendmentFlag
false
CY2021Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001111335
CY2021Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2021Q1 dei Document Type
DocumentType
10-Q
CY2021Q1 dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2021Q1 dei Document Period End Date
DocumentPeriodEndDate
2021-03-31
CY2020Q1 vc Equity In Net Income Of Loss Non Consolidated Affiliates
EquityInNetIncomeOfLossNonConsolidatedAffiliates
1000000 USD
CY2020Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
39000000 USD
CY2021Q1 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
5000000 USD
CY2021Q1 dei Document Transition Report
DocumentTransitionReport
false
CY2021Q1 dei Entity File Number
EntityFileNumber
001-15827
CY2021Q1 dei Entity Registrant Name
EntityRegistrantName
VISTEON CORP
CY2021Q1 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2021Q1 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
38-3519512
CY2021Q1 dei Entity Address Address Line1
EntityAddressAddressLine1
One Village Center Drive,
CY2021Q1 dei Entity Address City Or Town
EntityAddressCityOrTown
Van Buren Township,
CY2021Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
MI
CY2021Q1 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
48111
CY2021Q1 dei City Area Code
CityAreaCode
800
CY2021Q1 dei Local Phone Number
LocalPhoneNumber
VISTEON
CY2021Q1 dei Security12b Title
Security12bTitle
Common Stock, Par Value $.01 Per Share
CY2021Q1 dei Trading Symbol
TradingSymbol
VC
CY2021Q1 dei Security Exchange Name
SecurityExchangeName
NASDAQ
CY2021Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2021Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2021Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2021Q1 dei Entity Small Business
EntitySmallBusiness
false
CY2021Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2021Q1 dei Entity Shell Company
EntityShellCompany
false
CY2021Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
27962305 shares
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
746000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
643000000 USD
CY2021Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
673000000 USD
CY2020Q1 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
590000000 USD
CY2021Q1 us-gaap Gross Profit
GrossProfit
73000000 USD
CY2020Q1 us-gaap Gross Profit
GrossProfit
53000000 USD
CY2021Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
45000000 USD
CY2020Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
54000000 USD
CY2021Q1 vc Restructuring Charges Net Of Reversals
RestructuringChargesNetOfReversals
-1000000 USD
CY2020Q1 vc Restructuring Charges Net Of Reversals
RestructuringChargesNetOfReversals
33000000 USD
CY2021Q1 us-gaap Interest Expense
InterestExpense
3000000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
3000000 USD
CY2021Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1000000 USD
CY2021Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
57000000 USD
CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
60000000 USD
CY2020Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
1000000 USD
CY2021Q1 vc Equity In Net Income Of Loss Non Consolidated Affiliates
EquityInNetIncomeOfLossNonConsolidatedAffiliates
0 USD
CY2020Q1 vc Equity In Net Income Of Loss Non Consolidated Affiliates
EquityInNetIncomeOfLossNonConsolidatedAffiliates
1000000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4000000 USD
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4000000 USD
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
31000000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-31000000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12000000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5000000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
19000000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-36000000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3000000 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1000000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
16000000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-35000000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1000000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-73000000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2000000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-1000000 USD
CY2021Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1000000 USD
CY2020Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-72000000 USD
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.57
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.25
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.25
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
482000000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
496000000 USD
CY2021Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
4000000 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
4000000 USD
CY2021Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
466000000 USD
CY2020Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
484000000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
188000000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
177000000 USD
CY2021Q1 us-gaap Other Assets Current
OtherAssetsCurrent
152000000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
180000000 USD
CY2021Q1 us-gaap Assets Current
AssetsCurrent
1292000000 USD
CY2020Q4 us-gaap Assets Current
AssetsCurrent
1341000000 USD
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
414000000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
436000000 USD
CY2021Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
123000000 USD
CY2020Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
127000000 USD
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
162000000 USD
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
172000000 USD
CY2021Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
57000000 USD
CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
60000000 USD
CY2021Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
123000000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
135000000 USD
CY2021Q1 us-gaap Assets
Assets
2171000000 USD
CY2020Q4 us-gaap Assets
Assets
2271000000 USD
CY2021Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
486000000 USD
CY2020Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
500000000 USD
CY2021Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
69000000 USD
CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
83000000 USD
CY2021Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
31000000 USD
CY2020Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
32000000 USD
CY2021Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
189000000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
209000000 USD
CY2021Q1 us-gaap Liabilities Current
LiabilitiesCurrent
775000000 USD
CY2020Q4 us-gaap Liabilities Current
LiabilitiesCurrent
824000000 USD
CY2021Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
349000000 USD
CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
349000000 USD
CY2021Q1 vc Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
307000000 USD
CY2020Q4 vc Employee Related Liabilities Noncurrent
EmployeeRelatedLiabilitiesNoncurrent
322000000 USD
CY2021Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
137000000 USD
CY2021Q1 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
6000000 USD
CY2020Q4 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
9000000 USD
CY2021Q1 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
90000000 USD
CY2020Q4 us-gaap Loss Contingency Estimate Of Possible Loss
LossContingencyEstimateOfPossibleLoss
109000000 USD
CY2021Q1 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-1000000 USD
CY2020Q1 vc Restructuring Charges Net Of Reversals
RestructuringChargesNetOfReversals
33000000 USD
CY2021Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
26000000 USD
CY2020Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
146000000 USD
CY2021Q1 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
30000000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
28000000 USD
CY2021Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
67000000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
92000000 USD
CY2021Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2021Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2021Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2020Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2021Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2020Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2021Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2020Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2021Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
250000000 shares
CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
55000000 shares
CY2021Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
55000000 shares
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
28000000 shares
CY2021Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
28000000 shares
CY2021Q1 us-gaap Common Stock Value
CommonStockValue
1000000 USD
CY2020Q4 us-gaap Common Stock Value
CommonStockValue
1000000 USD
CY2021Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1337000000 USD
CY2020Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1348000000 USD
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1639000000 USD
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1623000000 USD
CY2021Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-321000000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-304000000 USD
CY2021Q1 us-gaap Treasury Stock Value
TreasuryStockValue
2272000000 USD
CY2021Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2171000000 USD
CY2020Q4 us-gaap Treasury Stock Value
TreasuryStockValue
2281000000 USD
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
384000000 USD
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
387000000 USD
CY2021Q1 us-gaap Minority Interest
MinorityInterest
122000000 USD
CY2020Q4 us-gaap Minority Interest
MinorityInterest
123000000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
506000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
510000000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2271000000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
19000000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-36000000 USD
CY2021Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
27000000 USD
CY2020Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
25000000 USD
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
4000000 USD
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
5000000 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
1000000 USD
CY2021Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-1000000 USD
CY2020Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-6000000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4000000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-102000000 USD
CY2021Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
17000000 USD
CY2020Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
16000000 USD
CY2021Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2000000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-42000000 USD
CY2021Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
29000000 USD
CY2020Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
18000000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11000000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
25000000 USD
CY2021Q1 vc Payments To Acquire Property Plant Equipment And Intangible Assets
PaymentsToAcquirePropertyPlantEquipmentAndIntangibleAssets
18000000 USD
CY2020Q1 vc Payments To Acquire Property Plant Equipment And Intangible Assets
PaymentsToAcquirePropertyPlantEquipmentAndIntangibleAssets
44000000 USD
CY2021Q1 vc Loans To Non Consolidated Affiliates Net Of Repayments
LoansToNonConsolidatedAffiliatesNetOfRepayments
-2000000 USD
CY2020Q1 vc Loans To Non Consolidated Affiliates Net Of Repayments
LoansToNonConsolidatedAffiliatesNetOfRepayments
-2000000 USD
CY2020Q4 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
10000000 USD
CY2021Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1000000 USD
CY2020Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-1000000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-15000000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-41000000 USD
CY2021Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
CY2020Q1 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
400000000 USD
CY2021Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
16000000 USD
CY2021Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
0 USD
CY2020Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
7000000 USD
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
0 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
377000000 USD
CY2021Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-10000000 USD
CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-5000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-14000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
356000000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
500000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
469000000 USD
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
486000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
825000000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
510000000 USD
CY2021Q1 us-gaap Profit Loss
ProfitLoss
19000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-18000000 USD
CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
-2000000 USD
CY2021Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3000000 USD
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
506000000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
595000000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-36000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-37000000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2000000 USD
CY2020Q1 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
16000000 USD
CY2020Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
7000000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
501000000 USD
CY2021Q1 us-gaap Use Of Estimates
UseOfEstimates
<span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates: </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 differ from those reported herein. Events and changes in circumstances arising after March 31, 2021, including those resulting from the impacts of COVID-19 and the related subsequent semiconductor supply shortage, as further described in Note 14, "Commitments and Contingencies.", will be reflected in management's estimates in future periods.</span>
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
4000000 USD
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
49000000 USD
CY2021Q1 us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2021Q1 us-gaap Restructuring Reserve Accrual Adjustment1
RestructuringReserveAccrualAdjustment1
-1000000 USD
CY2021Q1 us-gaap Payments For Restructuring
PaymentsForRestructuring
16000000 USD
CY2021Q1 us-gaap Restructuring Reserve Translation Adjustment
RestructuringReserveTranslationAdjustment
1000000 USD
CY2021Q1 us-gaap Restructuring Reserve
RestructuringReserve
31000000 USD
CY2021Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
132000000 USD
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
114000000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
38000000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
25000000 USD
CY2021Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
33000000 USD
CY2021Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
23000000 USD
CY2021Q1 us-gaap Inventory Net
InventoryNet
188000000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
177000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
193000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
118000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
75000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
194000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
116000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
78000000 USD
CY2021Q1 us-gaap Goodwill Gross
GoodwillGross
48000000 USD
CY2021Q1 vc Goodwill And Indefinite Lived Intangible Assets Net
GoodwillAndIndefiniteLivedIntangibleAssetsNet
48000000 USD
CY2021Q1 vc Contractual Engineering Cost Recoveries Current
ContractualEngineeringCostRecoveriesCurrent
33000000 USD
CY2020Q4 vc Contractual Engineering Cost Recoveries Current
ContractualEngineeringCostRecoveriesCurrent
31000000 USD
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
49000000 USD
CY2020Q4 vc Goodwill And Indefinite Lived Intangible Assets Net
GoodwillAndIndefiniteLivedIntangibleAssetsNet
49000000 USD
CY2021Q1 vc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
241000000 USD
CY2021Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
118000000 USD
CY2021Q1 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
123000000 USD
CY2020Q4 vc Intangible Assets Gross Including Goodwill
IntangibleAssetsGrossIncludingGoodwill
243000000 USD
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
116000000 USD
CY2020Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
127000000 USD
CY2021Q1 us-gaap Due From Joint Ventures
DueFromJointVentures
40000000 USD
CY2020Q4 us-gaap Due From Joint Ventures
DueFromJointVentures
53000000 USD
CY2021Q1 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
39000000 USD
CY2020Q4 us-gaap Value Added Tax Receivable Current
ValueAddedTaxReceivableCurrent
52000000 USD
CY2021Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
26000000 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
18000000 USD
CY2021Q1 vc Royalty Agreements Current
RoyaltyAgreementsCurrent
5000000 USD
CY2020Q4 vc Royalty Agreements Current
RoyaltyAgreementsCurrent
7000000 USD
CY2021Q1 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
4000000 USD
CY2020Q4 us-gaap Nontrade Receivables Current
NontradeReceivablesCurrent
15000000 USD
CY2021Q1 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
5000000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Current
OtherAssetsMiscellaneousCurrent
4000000 USD
CY2021Q1 us-gaap Other Assets Current
OtherAssetsCurrent
152000000 USD
CY2020Q4 us-gaap Other Assets Current
OtherAssetsCurrent
180000000 USD
CY2021Q1 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
51000000 USD
CY2020Q1 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
27000000 USD
CY2021Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
53000000 USD
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
55000000 USD
CY2021Q1 vc Contractual Engineering Cost Recoveries Non Current
ContractualEngineeringCostRecoveriesNonCurrent
33000000 USD
CY2020Q4 vc Contractual Engineering Cost Recoveries Non Current
ContractualEngineeringCostRecoveriesNonCurrent
31000000 USD
CY2021Q1 us-gaap Value Added Tax Receivable Noncurrent
ValueAddedTaxReceivableNoncurrent
19000000 USD
CY2020Q4 us-gaap Value Added Tax Receivable Noncurrent
ValueAddedTaxReceivableNoncurrent
21000000 USD
CY2021Q1 vc Royalty Agreements Noncurrent
RoyaltyAgreementsNoncurrent
5000000 USD
CY2020Q4 vc Royalty Agreements Noncurrent
RoyaltyAgreementsNoncurrent
8000000 USD
CY2021Q1 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
0 USD
CY2020Q4 us-gaap Notes Receivable Related Parties Noncurrent
NotesReceivableRelatedPartiesNoncurrent
7000000 USD
CY2021Q1 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
13000000 USD
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
13000000 USD
CY2021Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
123000000 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
135000000 USD
CY2021Q1 vc Reimbursementof Engineeringcostsincurrentyear
ReimbursementofEngineeringcostsincurrentyear
28000000 USD
CY2021Q1 vc Reimbursementof Engineeringcostsinfollowingyear
ReimbursementofEngineeringcostsinfollowingyear
18000000 USD
CY2021Q1 vc Reimbursement For Engineering Costs Expected In Year Two
ReimbursementForEngineeringCostsExpectedInYearTwo
15000000 USD
CY2021Q1 vc Reimbursement For Engineering Costs Expected In Year Three
ReimbursementForEngineeringCostsExpectedInYearThree
4000000 USD
CY2021Q1 vc Reimbursement For Engineering Costs Expected In Year Four And Beyond
ReimbursementForEngineeringCostsExpectedInYearFourAndBeyond
1000000 USD
CY2021Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
52000000 USD
CY2020Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
52000000 USD
CY2021Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
42000000 USD
CY2020Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
46000000 USD
CY2021Q1 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
26000000 USD
CY2020Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
39000000 USD
CY2021Q1 vc Royalty Agreements
RoyaltyAgreements
14000000 USD
CY2020Q4 vc Royalty Agreements
RoyaltyAgreements
13000000 USD
CY2021Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
10000000 USD
CY2020Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
5000000 USD
CY2021Q1 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
7000000 USD
CY2020Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
15000000 USD
CY2021Q1 vc Joint Venture Payables
JointVenturePayables
6000000 USD
CY2020Q4 vc Joint Venture Payables
JointVenturePayables
9000000 USD
CY2021Q1 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
32000000 USD
CY2020Q4 us-gaap Other Sundry Liabilities Current
OtherSundryLiabilitiesCurrent
30000000 USD
CY2021Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
189000000 USD
CY2020Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
209000000 USD
CY2021Q1 us-gaap Hedging Liabilities Noncurrent
HedgingLiabilitiesNoncurrent
23000000 USD
CY2020Q4 us-gaap Hedging Liabilities Noncurrent
HedgingLiabilitiesNoncurrent
38000000 USD
CY2021Q1 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
8000000 USD
CY2020Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
12000000 USD
CY2021Q1 us-gaap Deferred Revenue
DeferredRevenue
7000000 USD
CY2020Q4 us-gaap Deferred Revenue
DeferredRevenue
7000000 USD
CY2021Q1 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
7000000 USD
CY2020Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
6000000 USD
CY2021Q1 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
5000000 USD
CY2020Q4 us-gaap Restructuring Reserve Noncurrent
RestructuringReserveNoncurrent
10000000 USD
CY2021Q1 vc Royalties Noncurrent
RoyaltiesNoncurrent
5000000 USD
CY2020Q4 vc Royalties Noncurrent
RoyaltiesNoncurrent
6000000 USD
CY2021Q1 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
12000000 USD
CY2020Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
13000000 USD
CY2021Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
67000000 USD
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
92000000 USD
CY2021Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
75000000 USD
CY2021Q1 vc Borrowing Capacity Under Swing Line Advances
BorrowingCapacityUnderSwingLineAdvances
20000000 USD
CY2021Q1 vc Amended Loc Agreement Facility Capacity
AmendedLocAgreementFacilityCapacity
5000000 USD
CY2021Q1 vc Loc Collateral Percentage For Draws In The Us Dollars
LOCCollateralPercentageForDrawsInTheUSDollars
1.03
CY2021Q1 vc Loc Collateral Percentage For Draws In Non Us Currencies
LOCCollateralPercentageForDrawsInNonUSCurrencies
1.10
CY2021Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3000000 USD
CY2021Q1 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
1000000 USD
CY2021Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4000000 USD
CY2021Q1 us-gaap Defined Benefit Plan Expected Future Employer Contributions Remainder Of Fiscal Year
DefinedBenefitPlanExpectedFutureEmployerContributionsRemainderOfFiscalYear
25000000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12000000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
15000000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
14000000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
8000000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
7000000 USD
CY2021Q1 vc Unrecognized Tax Benefits Increase Resulting From Related Party Transactions
UnrecognizedTaxBenefitsIncreaseResultingFromRelatedPartyTransactions
2000000 USD
CY2021Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2000000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2000000 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27900000 shares
CY2020Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
1000000 USD
CY2021Q1 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
7000000 USD
CY2021Q1 us-gaap Minority Interest
MinorityInterest
122000000 USD
CY2020Q4 us-gaap Minority Interest
MinorityInterest
123000000 USD
CY2021Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
1000000 USD
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
16000000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-35000000 USD
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
170000 shares
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27900000 shares
CY2021Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
500000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28400000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27900000 shares
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.57
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.25
CY2021Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.56
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.25
CY2021Q1 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
347000000 USD
CY2003 vc Amount Of Bonds Issued By The Charter Township Of Van Buren Michigan
AmountOfBondsIssuedByTheCharterTownshipOfVanBurenMichigan
28000000 USD
CY2019Q4 vc Estimated Shortfall In Tax Revenues Of The Township
EstimatedShortfallInTaxRevenuesOfTheTownship
1000000 USD
CY2019Q4 vc Amount Of Bonds Issued By The Charter Township Of Van Buren Michigan
AmountOfBondsIssuedByTheCharterTownshipOfVanBurenMichigan
28000000 USD
CY2014Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
12000000 USD
CY2021Q1 vc Guarantee For Divested Entities Lease Payments
GuaranteeForDivestedEntitiesLeasePayments
5000000 USD
CY2020Q1 vc Guarantee For Divested Entities Lease Payments
GuaranteeForDivestedEntitiesLeasePayments
1000000 USD
CY2020Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
64000000 USD
CY2019Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
49000000 USD
CY2021Q1 vc Product Warranty Accrual Specific Action Increase Decrease
ProductWarrantyAccrualSpecificActionIncreaseDecrease
5000000 USD
CY2020Q1 vc Product Warranty Accrual Specific Action Increase Decrease
ProductWarrantyAccrualSpecificActionIncreaseDecrease
5000000 USD
CY2021Q1 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
1000000 USD
CY2021Q1 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
3000000 USD
CY2020Q1 us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
0 USD
CY2021Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
7000000 USD
CY2020Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
5000000 USD
CY2021Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
60000000 USD
CY2020Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
49000000 USD
CY2021Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
16000000 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-35000000 USD
CY2021Q1 vc Depreciation And Amortization Expenses For Continuing Operations
DepreciationAndAmortizationExpensesForContinuingOperations
27000000 USD
CY2020Q1 vc Depreciation And Amortization Expenses For Continuing Operations
DepreciationAndAmortizationExpensesForContinuingOperations
25000000 USD
CY2021Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4000000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5000000 USD
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12000000 USD
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5000000 USD
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2000000 USD
CY2020Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2000000 USD
CY2021Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3000000 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1000000 USD
CY2021Q1 vc Restructuring Charges Net Of Reversals
RestructuringChargesNetOfReversals
-1000000 USD
CY2020Q1 vc Restructuring Charges Net Of Reversals
RestructuringChargesNetOfReversals
33000000 USD
CY2021Q1 vc Equity In Net Income Of Non Consolidated Affiliates
EquityInNetIncomeOfNonConsolidatedAffiliates
0 USD
CY2020Q1 vc Equity In Net Income Of Non Consolidated Affiliates
EquityInNetIncomeOfNonConsolidatedAffiliates
1000000 USD
CY2021Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1000000 USD
CY2020Q1 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
0 USD
CY2021Q1 vc Adjusted Ebitda
AdjustedEBITDA
64000000 USD
CY2020Q1 vc Adjusted Ebitda
AdjustedEBITDA
33000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
746000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
643000000 USD
CY2021Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
746000000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
643000000 USD
CY2021Q1 vc Net Changes In Transaction Price
NetChangesInTransactionPrice
0.01 USD

Files In Submission

Name View Source Status
R28.htm Edgar Link pending
0001111335-21-000012-index-headers.html Edgar Link pending
0001111335-21-000012-index.html Edgar Link pending
0001111335-21-000012.txt Edgar Link pending
0001111335-21-000012-xbrl.zip Edgar Link pending
ex-311q1202110xq.htm Edgar Link pending
ex-312q1202110xq.htm Edgar Link pending
ex-321q1202110xq.htm Edgar Link pending
ex-322q1202110xq.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
vc-20210331.htm Edgar Link pending
vc-20210331.xsd Edgar Link pending
vc-20210331_cal.xml Edgar Link unprocessable
vc-20210331_def.xml Edgar Link unprocessable
vc-20210331_g1.gif Edgar Link pending
vc-20210331_htm.xml Edgar Link completed
vc-20210331_lab.xml Edgar Link unprocessable
vc-20210331_pre.xml Edgar Link unprocessable