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Related Party Transactions Related Party Transactions
 12 Months Ended
Dec. 31, 2019
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions

The parties presented in the tables below, other than Montagewerk Abgastechnik Emden GmbH, became related parties of the Company as a result of the Federal-Mogul Acquisition discussed in Note 3, Acquisitions and Divestitures, with net sales, purchases, and royalty and other income presented being reflective of activity post acquisition date. Amounts presented as Icahn Automotive Group LLC represent the Company's activity with Auto Plus and Pep Boys. See Note 8, Investment in Nonconsolidated Affiliates, for further information on companies within the tables below that represent equity method investments.

As part of the Federal-Mogul Acquisition, the Company acquired a redeemable noncontrolling interests related to a subsidiary in India. In accordance with local regulations, the Company initiated the process to make a tender offer of the shares it does not own due to the change in control triggered by the Federal-Mogul Acquisition. The Company entered into separate agreements with IEP subsequent to the Purchase Agreement whereby IEP agreed to fund and execute the tender offer for the shares on behalf of the Company. As a result of finalizing the redemption value, the Company recorded a $53 million loss to income available to common shareholders concurrently with marking the related redeemable noncontrolling interest to its redemption value in the year ended December 31, 2019. The loss to common shareholders was fully absorbed by IEP and resulted in an adjustment to additional paid-in capital. See Note 2, Summary of Significant Accounting Policies, for further information on this redeemable noncontrolling interest.

The following table is a summary of net sales, purchases, and royalty and other income (expense), net to the Company's related parties for the year ended December 31, 2019 and 2018: 
 
Year Ended December 31, 2019
                          
Net Sales
 
Purchases
 
Royalty and Other Income(Expense)
Anqing TP Goetze Piston Ring Company Limited
$
7

 
$
59

 
$
3

Anqing TP Powder Metallurgy Company Limited
$
1

 
$
3

 
$
1

Dongsuh Federal-Mogul Industrial Co., Ltd.
$
4

 
$
11

 
$
—

Federal-Mogul Powertrain Otomotiv A.S.
$
69

 
$
257

 
$
4

Federal-Mogul TP Liner Europe Otomotiv Ltd. Sti.
$
—

 
$
7

 
$
—

Federal-Mogul TP Liners, Inc.
$
16

 
$
54

 
$
2

Frenos Hidraulicos Auto
$
—

 
$
1

 
$
—

Icahn Automotive Group LLC
$
180

 
$
—

 
$
5

Montagewerk Abgastechnik Emden GmbH
$
7

 
$
—

 
$
—

PSC Metals, Inc.
$
—

 
$
—

 
$
2


 
Year Ended December 31, 2018
                          
Net Sales
 
Purchases
 
Royalty and Other Income(Expense)
Anqing TP Goetze Piston Ring Company Limited
$
—

 
$
16

 
$
—

Anqing TP Powder Metallurgy Company Limited
$
1

 
$
1

 
$
—

Dongsuh Federal-Mogul Industrial Co., Ltd.
$
1

 
$
2

 
$
—

Federal-Mogul Powertrain Otomotiv A.S.
$
11

 
$
53

 
$
4

Federal-Mogul TP Liner Europe Otomotiv Ltd. Sti.
$
—

 
$
13

 
$
—

Federal-Mogul TP Liners, Inc.
$
2

 
$
14

 
$
4

Icahn Automotive Group LLC
$
52

 
$
—

 
$
1

Montagewerk Abgastechnik Emden GmbH
$
1

 
$
—

 
$
—



The following table is a summary of amounts due to and from the Company's related parties as of December 31, 2019 and 2018:
 
December 31, 2019
 
December 31, 2018
 
Receivables
 
Payables and accruals
 
Receivables
 
Payables and accruals
Anqing TP Goetze Piston Ring Company Limited
$
1

 
$
26

 
$
1

 
$
22

Anqing TP Powder Metallurgy Company Limited
$
—

 
$
1

 
$
1

 
$
1

Dongsuh Federal-Mogul Industrial Co., Ltd.
$
—

 
$
2

 
$
1

 
$
2

Farloc Argentina SAIC
$
1

 
$
—

 
$
—

 
$
—

Federal-Mogul Powertrain Otomotiv A.S.
$
8

 
$
31

 
$
9

 
$
16

Federal-Mogul TP Liner Europe Otomotiv Ltd. Sti.
$
—

 
$
—

 
$
—

 
$
1

Federal-Mogul TP Liners, Inc.
$
2

 
$
7

 
$
2

 
$
7

Icahn Automotive Group LLC
$
52

 
$
10

 
$
60

 
$
12

Montagewerk Abgastechnik Emden GmbH
$
1

 
$
—

 
$
—

 
$
—