(Dollars in Millions)
(Unaudited)
| June 30 | December 31 | ||||||
| 2019 | 2018 | ||||||
| ASSETS | |||||||
| Cash and equivalents | $ | 435 | $ | 463 | |||
| Restricted cash | 3 | 4 | |||||
| Accounts receivable, net | 468 | 486 | |||||
| Inventories, net | 187 | 184 | |||||
| Other current assets | 190 | 159 | |||||
| Total current assets | 1,283 | 1,296 | |||||
| Property and equipment, net | 414 | 397 | |||||
| Intangible assets, net | 126 | 129 | |||||
| Right to use assets, net | 164 | — | |||||
| Investments in non-consolidated affiliates | 48 | 42 | |||||
| Other non-current assets | 157 | 143 | |||||
| Total assets | $ | 2,192 | $ | 2,007 | |||
| LIABILITIES AND EQUITY | |||||||
| Short-term debt | $ | 54 | $ | 57 | |||
| Accounts payable | 447 | 436 | |||||
| Accrued employee liabilities | 71 | 67 | |||||
| Current lease liabilities | 29 | — | |||||
| Other current liabilities | 161 | 161 | |||||
| Total current liabilities | 762 | 721 | |||||
| Long-term debt | 348 | 348 | |||||
| Employee benefits | 252 | 257 | |||||
| Non-current lease liabilities | 139 | — | |||||
| Deferred tax liabilities | 26 | 23 | |||||
| Other non-current liabilities | 72 | 76 | |||||
| Stockholders’ equity: | |||||||
| Common stock | 1 | 1 | |||||
| Additional paid-in capital | 1,338 | 1,335 | |||||
| Retained earnings | 1,630 | 1,609 | |||||
| Accumulated other comprehensive loss | (215 | ) | (216 | ) | |||
| Treasury stock | (2,277 | ) | (2,264 | ) | |||
| Total Visteon Corporation stockholders’ equity | 477 | 465 | |||||
| Non-controlling interests | 116 | 117 | |||||
| Total equity | 593 | 582 | |||||
| Total liabilities and equity | $ | 2,192 | $ | 2,007 | |||
VISTEON CORPORATION AND SUBSIDIARIES
