VISTEON CORPORATION AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Dollars in Millions)

(Unaudited)

June 30

December 31

2015

2014

ASSETS

Cash and equivalents

$

2,857

$

476

Restricted cash

9

9

Accounts receivable, net

554

572

Inventories, net

204

208

Current assets held for sale

18

1,630

Other current assets

285

239

Total current assets

3,927

3,134

Property and equipment, net

338

363

Investments in affiliates

63

99

Intangible assets, net

148

156

Non-current assets held for sale

—

1,425

Other non-current assets

462

146

Total assets

$

4,938

$

5,323

LIABILITIES AND EQUITY

Short-term debt, including current portion of long-term debt

$

29

$

29

Accounts payable

484

513

Accrued employee liabilities

124

114

Current liabilities held for sale

11

959

Other current liabilities

353

217

Total current liabilities

1,001

1,832

Long-term debt

349

587

Employee benefits

456

489

Deferred tax liabilities

36

53

Non-current liabilities held for sale

—

430

Other non-current liabilities

246

111

Stockholders' equity

Preferred stock

—

—

Common stock

1

1

Stock warrants

2

3

Additional paid-in capital

1,230

1,246

Retained earnings

2,919

661

Accumulated other comprehensive loss

(261)

(299)

Treasury stock

(1,203)

(747)

Total Visteon Corporation stockholders' equity

2,688

865

Non-controlling interests

162

956

Total equity

2,850

1,821

Total liabilities and equity

$

4,938

$

5,323