The Southfield, Mich., company had third-quarter noncash charges of $729 million, including a $496.6 million write-down in goodwill for the supplier's lighting, connecting rod, camshaft and European ignition businesses. It also had a cash charge of $13.7 million related to its chapter 11 filing in October. Federal-Mogul also reported a gain of $47.1 million, as it retired debt early.
Without special items for the quarter, Federal-Mogul would have posted a $114.5 million loss.
The supplier's powertrain systems group reported $384 million in sales, the sealing systems and systems protection group posted $141 million, the friction group posted $78 million in sales, aftermarket sales were $597 million, and various other sales totaled $89 million.
Federal-Mogul ranks No. 20 on the Automotive News list of the top 150 suppliers to North America.