Revenue Disaggregation

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Revenue Disaggregation

13. REVENUE DISAGGREGATION

The Company’s disaggregated revenue for the three and six months periods ended June 30, 2022 and June 30, 2021, were as follows (dollars in millions).

Net Sales by Products	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Airbag Products and Other1)	$	1,336	$	1,310	$	2,716	$	2,773
Seatbelt Products1)		746		712		1,489		1,491
Total net sales	$	2,081	$	2,022	$	4,206	$	4,265
1) Including Corporate and other sales.
Net Sales by Region	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
China	$	363	$	399	$	810	$	814
Japan		142		175		320		386
Rest of Asia		227		219		459		471
Americas		738		621		1,431		1,307
Europe		611		608		1,186		1,287
Total net sales	$	2,081	$	2,022	$	4,206	$	4,265

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 months periods ended June 30, 2022 and June 30, 2021, were not material in any period.