Attached files
| file | filename |
|---|---|
| EX-10.12.1 - EXHIBIT 10.12.1 - VISTEON CORP | ex-10121201710xk.htm |
| EX-32.2 - EXHIBIT 32.2 - VISTEON CORP | ex-322201710xk.htm |
| EX-32.1 - EXHIBIT 32.1 - VISTEON CORP | ex-321201710xk.htm |
| EX-31.2 - EXHIBIT 31.2 - VISTEON CORP | ex-312201710xk.htm |
| EX-31.1 - EXHIBIT 31.1 - VISTEON CORP | ex-311201710xk.htm |
| EX-24.1 - EXHIBIT 24.1 - VISTEON CORP | ex-241201710xk.htm |
| EX-23.1 - EXHIBIT 23.1 - VISTEON CORP | ex-231201710xk.htm |
| EX-21.1 - EXHIBIT 21.1 - VISTEON CORP | ex-211201710xk.htm |
| EX-14.1 - EXHIBIT 14.1 - VISTEON CORP | ex141201710k.htm |
| 10-K - 10-K - VISTEON CORP | visteon201710-k.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 | |||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings | |||||||||||||||||||
Income/(loss) before income taxes, non-controlling interest, discontinued operations | $ | 223 | $ | 161 | $ | 69 | $ | (43 | ) | $ | 611 | ||||||||
Earnings of non-consolidated affiliates | (7 | ) | (2 | ) | (7 | ) | (2 | ) | (202 | ) | |||||||||
Cash dividends received from non-consolidated affiliates | — | 1 | 3 | 17 | 187 | ||||||||||||||
Fixed charges | 32 | 30 | 43 | 58 | 64 | ||||||||||||||
Non-controlling interest in pre-tax income of subsidiaries that have not incurred fixed charges | (17 | ) | (18 | ) | (37 | ) | (59 | ) | (38 | ) | |||||||||
Earnings | $ | 231 | $ | 172 | $ | 71 | $ | (29 | ) | $ | 622 | ||||||||
Fixed Charges | |||||||||||||||||||
Interest and related charges on debt | $ | 21 | $ | 18 | $ | 25 | $ | 37 | $ | 46 | |||||||||
Portion of rental expense representative of the interest factor | 11 | 12 | 18 | 21 | 18 | ||||||||||||||
Fixed charges | $ | 32 | $ | 30 | $ | 43 | $ | 58 | $ | 64 | |||||||||
Ratios | |||||||||||||||||||
Ratio of earnings to fixed charges * | 7.22 | 5.73 | 1.65 | N/A | 9.78 | ||||||||||||||
* For the years ended December 31, 2014, fixed charges exceeded earnings by $87 million resulting in a ratio of less than one.