Related Party Transactions

3 Months Ended

Mar. 31, 2022

12. RELATED PARTY TRANSACTIONS

The Company purchases finished goods from Veoneer, a related party until April 1, 2022. For the three months ended March 31, 2022, related party purchases from Veoneer amounted to $17 million. For the three months ended March 31, 2021, related party purchases from Veoneer amounted to $21 million.

Amounts due to and due from related party as of March 31, 2022 and December 31, 2021 were as follows (dollars in millions).


	As of
	March 31, 2022		December 31, 2021
Related party receivables1)	$	1	$	1
Related party payables2)		18		15
Related party accrued expenses3)		9		9

1) Included in Receivables, net in the Condensed Consolidated Balance Sheet.

2) Included in Accounts payable in the Condensed Consolidated Balance Sheet.

3) Included in Accrued expenses in the Condensed Consolidated Balance Sheet.