XML 55 R37.htm IDEA: XBRL DOCUMENT v3.22.0.1
Investment in Nonconsolidated Affiliates (Tables)
 12 Months Ended
Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
The Company’s ownership interest in affiliates accounted for under the equity method is as follows:
At December 31
20212020
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)20.6 %33.6 %
Montagewerk Abgastechnik Emden GmbH (Germany)50.0 %50.0 %
Year Ended December 31
202120202019
Statements of IncomeOtomotiv A.S.OtherTotalOtomotiv A.S.OtherTotalOtomotiv A.S.OtherTotal
Sales$347 $621 $968 $285 $555 $840 $305 $630 $935 
Gross profit$102 $136 $238 $84 $115 $199 $79 $133 $212 
Income from continuing operations$86 $90 $176 $71 $74 $145 $63 $85 $148 
Net income$80 $78 $158 $65 $65 $130 $60 $76 $136 
December 31
20212020
Balance SheetsOtomotiv A.S.OtherTotalOtomotiv A.S.OtherTotal
Current assets$112 $489 $601 $167 $478 $645 
Noncurrent assets$166 $375 $541 $141 $321 $462 
Current liabilities$51 $178 $229 $29 $189 $218 
Noncurrent liabilities$80 $36 $116 $108 $15 $123 

The following table is a summary of transactions with the Company’s nonconsolidated affiliates:
Year Ended December 31
202120202019
Net sales$75 $89 $104 
Purchases$385 $320 $392 
Royalty and other income (expense)$9 $8 $10 
The following table is a summary of amounts due to and from the Company’s nonconsolidated affiliates:
December 31
20212020
Receivables$10 $17 
Payables and accruals$69 $86