AUTOLIV INC
For the period ended Mar 31, 2024. Filed Apr 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 26, 2024
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Revenue Disaggregation
- REVENUE DISAGGREGATION
The Company’s disaggregated revenue for thethree months periods ended March 31, 2024 and 2023 were as follows (dollars in millions).
| Net Sales by Products | Three Months Ended March 31, | ||
|---|---|---|---|
| 2024 · 2023 | |||
| Airbags, Steering Wheels and Other1) | $1,781 | $1,673 | |
| Seatbelt Products and Other1) | 834 | 820 | |
| Total net sales | $2,615 | $2,493 | |
| Net Sales by Region | Three Months Ended March 31, | ||
| 2024 · 2023 | |||
| Americas | $893 | $831 | |
| Europe | 770 | 725 | |
| China | 460 | 453 | |
| Asia excl. China | 491 | 483 | |
| Total net sales | $2,615 | $2,493 | |
- Including Corporate sales.
Contract Balances
Contract assets relate to the Company's rights to consideration for work completed but not billed (generally in conjunction with contracts for which revenue is recognized over time) at the reporting date on production parts and is included in Other current assets in the Condensed Consolidated Balance Sheet. The contract assets are reclassified into the receivables balance when the rights to receive payments become unconditional. The net change in the contract assets balance, reflecting the adjustments needed to align revenue recognition for work completed but not billed, for the three months period ended March 31, 2024 were not material in any period.
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