AUTOLIV INC
For the period ended Sep 30, 2024. Filed Oct 18, 2024.
View on SEC.govAbout this filing
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.
Sep 30, 2024 · Filed Oct 18, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Revenue Disaggregation
- REVENUE DISAGGREGATION
The Company’s disaggregated revenue for thethree and nine months periods ended September 30, 2024 and September 30, 2023 were as follows (dollars in millions).
| Net Sales by Products · Three Months Ended September 30, · Nine Months Ended September 30, | ||||||
|---|---|---|---|---|---|---|
| 2024 · 2023 · 2024 · 2023 | ||||||
| Airbags, Steering Wheels and Other1) | $1,736 | $1,761 | $5,264 | $5,191 | ||
| Seatbelt Products and Other1) | 819 | 835 | 2,511 | 2,533 | ||
| Total net sales | $2,555 | $2,596 | $7,774 | $7,724 | ||
| Net Sales by Region | Three Months Ended September 30, | Nine Months Ended September 30, | ||||
| 2024 · 2023 · 2024 · 2023 | ||||||
| Americas | $851 | $918 | $2,637 | $2,665 | ||
| Europe | 700 | 646 | 2,231 | 2,122 | ||
| China | 495 | 538 | 1,423 | 1,488 | ||
| Asia excl. China | 508 | 495 | 1,483 | 1,449 | ||
| Total net sales | $2,555 | $2,596 | $7,774 | $7,724 | ||
- 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 and nine months periods ended September 30, 2024 and September 30, 2023, were not material in any period.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.