VISTEON CORP - FORM 10-K - EX-12.1 - EXHIBIT 12.1 - February 23, 2017

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EX-31.1 - EXHIBIT 31.1 - VISTEON CORPex-311201610xk.htm
10-K - 10-K - VISTEON CORPvisteon201610-k.htm
EX-32.2 - EXHIBIT 32.2 - VISTEON CORPex-322201610xk.htm
EX-32.1 - EXHIBIT 32.1 - VISTEON CORPex-321201610xk.htm
EX-31.2 - EXHIBIT 31.2 - VISTEON CORPex-312201610xk.htm
EX-24.1 - EXHIBIT 24.1 - VISTEON CORPex-241201610xk.htm
EX-23.1 - EXHIBIT 23.1 - VISTEON CORPex-231201610xk.htm
EX-21.1 - EXHIBIT 21.1 - VISTEON CORPex-211201610xk.htm
EX-10.12.1 - EXHIBIT 10.12.1 - VISTEON CORPex-10121201610xk.htm
EX-10.4.8 - EXHIBIT 10.4.8 - VISTEON CORPex-1048201610xk.htm
EX-10.4.7 - EXHIBIT 10.4.7 - VISTEON CORPex-1047201610xk.htm
EX-10.4.6 - EXHIBIT 10.4.6 - VISTEON CORPex-1046201610xk.htm
EX-10.4.5 - EXHIBIT 10.4.5 - VISTEON CORPex-1045201610xk.htm
EX-10.4.4 - EXHIBIT 10.4.4 - VISTEON CORPex-1044201610xk.htm
EX-10.4.3 - EXHIBIT 10.4.3 - VISTEON CORPex-1043201610xk.htm
EX-10.4.2 - EXHIBIT 10.4.2 - VISTEON CORPex-1042201610xk.htm
EX-10.4.13 - EXHIBIT 10.4.13 - VISTEON CORPex-10413201610xk.htm
EX-10.4.1 - EXHIBIT 10.4.1 - VISTEON CORPex-1041201610xk.htm


EXHIBIT 12.1

 
Visteon Corporation and Subsidiaries
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
(in millions)
 
Year Ended
 
Year Ended
 
Year Ended
 
Year Ended
 
Year Ended
 
December 31
 
December 31
 
December 31
 
December 31
 
December 31
 
2016
 
2015
 
2014
 
2013
 
2012
Earnings
 
 
 
 
 
 
 
 
 
Income/(loss) before income taxes, non-controlling interest, discontinued operations
$
161

 
$
69

 
$
(43
)
 
$
611

 
$
95

Earnings of non-consolidated affiliates
(2
)
 
(7
)
 
(2
)
 
(202
)
 
(221
)
Cash dividends received from non-consolidated affiliates
1

 
3

 
17

 
187

 
104

Fixed charges
30

 
43

 
58

 
64

 
63

Non-controlling interest in pre-tax income of subsidiaries that have not incurred fixed charges
(18
)
 
(37
)
 
(59
)
 
(38
)
 
(21
)
      Earnings
$
172

 
$
71

 
$
(29
)
 
$
622

 
$
20

 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
 
 
Interest and related charges on debt
$
18

 
$
25

 
$
37

 
$
46

 
$
48

Portion of rental expense representative of the interest factor
12

 
18

 
21

 
18

 
15

      Fixed charges
$
30

 
$
43

 
$
58

 
$
64

 
$
63

 
 
 
 
 
 
 
 
 
 
Ratios
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges *
5.73

 
1.65

 
N/A
 
9.78

 
0.32


* For the years ended December 31, 2014, 2012 and 2011, fixed charges exceeded earnings by $87 million, $43 million and $46 million, respectively, resulting in a ratio of less than one.


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