Revenue Disaggregation

6 Months Ended

Jun. 30, 2021

Revenue From Contract With Customer [Abstract]

Revenue Disaggregation

13. REVENUE DISAGGREGATION

The Company’s disaggregated revenue for the three and six month periods ended June 30, 2021 and June 30, 2020 were as follows.

Net Sales by Products	Three months ended June 30				Six months ended June 30
(Dollars in millions)	2021		2020		2021		2020
Airbag Products and Other1)	$	1,310	$	654	$	2,773	$	1,856
Seatbelt Products1)		712		394		1,491		1,037
Total net sales	$	2,022	$	1,048	$	4,265	$	2,893
1) Including Corporate and other sales.
Net Sales by Region	Three months ended June 30				Six months ended June 30
(Dollars in millions)	2021		2020		2021		2020
Asia	$	794	$	588	$	1,671	$	1,185
Whereof: China		399		366		814		564
Japan		175		105		386		308
Rest of Asia		219		117		471		314
Americas		621		213		1,307		886
Europe		608		246		1,287		823
Total net sales	$	2,022	$	1,048	$	4,265	$	2,893

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 six month periods ended June 30, 2021 and for the three and six month periods ended June 30, 2020 were not material in any period.