Revenue Disaggregation

9 Months Ended

Sep. 30, 2021

Revenue from Contract with Customer [Abstract]

Revenue Disaggregation

13. REVENUE DISAGGREGATION

The Company’s disaggregated revenue for the three and nine months periods ended September 30, 2021 and three and nine months periods ended September 30, 2020 were as follows (dollars in millions).

Net Sales by Products	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Airbag Products and Other1)	$	1,199	$	1,332	$	3,973	$	3,188
Seatbelt Products1)		647		706		2,139		1,743
Total net sales	$	1,847	$	2,037	$	6,111	$	4,931
1) Including Corporate and other sales.
Net Sales by Region	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
China	$	414	$	425	$	1,228	$	989
Japan		160		180		546		488
Rest of Asia		204		201		675		514
Americas		596		693		1,903		1,579
Europe		473		538		1,760		1,361
Total net sales	$	1,847	$	2,037	$	6,111	$	4,931

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 nine months periods ended September 30, 2021 and for the three and nine months periods ended September 30, 2020 were not material in any period.