Investment in Nonconsolidated Affiliates (Tables)

12 Months Ended

Dec. 31, 2020

Equity Method Investments and Joint Ventures [Abstract]

The Company's ownership interest in affiliates accounted for under the equity method is as follows:


	At December 31
	2020		2019
Anqing TP Goetze Piston Ring Company Limited (China)	35.7	%	35.7	%
Anqing TP Powder Metallurgy Co., Ltd (China)	20.0	%	20.0	%
Dongsuh Federal-Mogul Industrial Co. Ltd. (Korea)	50.0	%	50.0	%
Farloc Argentina SAIC Y F (Argentina)	23.9	%	23.9	%
Federal-Mogul Powertrain Otomotiv A.S. (Turkey)	50.0	%	50.0	%
Federal-Mogul TP Liner Europe Otomotiv Ltd. Sti. (Turkey)	25.0	%	25.0	%
Federal-Mogul TP Liners, Inc. (USA)	46.0	%	46.0	%
Frenos Hidraulicos Automotrices, S.A. de C.V. (Mexico)	49.0	%	49.0	%
JURID do Brasil Sistemas Automotivos Ltda. (Brazil)	19.9	%	19.9	%
KB Autosys Co., Ltd. (Korea)	33.6	%	33.6	%
Montagewerk Abgastechnik Emden GmbH (Germany)	50.0	%	50.0	%

The Company's investments in its nonconsolidated affiliates were as follows:


	At December 31
	2020		2019
Investments in nonconsolidated affiliates	$	581	$	518

The following table represents the activity from the Company’s investments in its nonconsolidated affiliates:


	Year Ended December 31
	2020		2019		2018
Equity in earnings (losses) of nonconsolidated affiliates, net of tax	$	47	$	43	$	18
Cash dividends received from nonconsolidated affiliates	$	23	$	53	$	2

The following tables present summarized aggregated financial information of the Company’s nonconsolidated affiliates as of and for the year ended December 31, 2020:


	Year Ended December 31, 2020
Statements of Income	Otomotiv A.S.		Anqing TP Goetze		Other		Total

Sales	$	285	$	162	$	393	$	840
Gross profit	$	84	$	40	$	75	$	199
Income from continuing operations	$	71	$	43	$	31	$	145
Net income	$	65	$	38	$	27	$	130


	December 31, 2020
Balance Sheets	Otomotiv A.S.		Anqing TP Goetze		Other		Total

Current assets	$	167	$	212	$	266	$	645
Noncurrent assets	$	141	$	136	$	185	$	462
Current liabilities	$	29	$	57	$	132	$	218
Noncurrent liabilities	$	108	$	2	$	13	$	123

The following tables present summarized aggregated financial information of the Company’s nonconsolidated affiliates as of and for the year ended December 31, 2019:


	Year Ended December 31, 2019
Statements of Income	Otomotiv A.S.		Anqing TP Goetze		Other		Total

Sales	$	305	$	151	$	479	$	935
Gross profit	$	79	$	44	$	89	$	212
Income from continuing operations	$	63	$	38	$	47	$	148
Net income	$	60	$	35	$	41	$	136


	December 31, 2019
Balance Sheets	Otomotiv A.S.		Anqing TP Goetze		Other		Total

Current assets	$	102	$	151	$	244	$	497
Noncurrent assets	$	106	$	139	$	186	$	431
Current liabilities	$	30	$	45	$	112	$	187
Noncurrent liabilities	$	69	$	—	$	16	$	85

The following tables present summarized aggregated financial information of the Company’s nonconsolidated affiliates for the year ended December 31, 2018:


	Year Ended December 31, 2018
Statements of Income	Otomotiv A.S.		Anqing TP Goetze		Other		Total

Sales	$	92	$	41	$	137	$	270
Gross profit	$	23	$	13	$	33	$	69
Income from continuing operations	$	26	$	13	$	10	$	49
Net income	$	22	$	12	$	8	$	42