Revenue Disaggregation

9 Months Ended

Sep. 30, 2022

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, 2022 and September 30, 2021, were as follows (dollars in millions).

Net Sales by Products	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Airbag Products and Other1)	$	1,510	$	1,199	$	4,226	$	3,973
Seatbelt Products1)		792		647		2,281		2,139
Total net sales	$	2,302	$	1,847	$	6,507	$	6,111
1) Including Corporate and other sales.
Net Sales by Region	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
China	$	537	$	414	$	1,347	$	1,228
Japan		175		160		496		546
Rest of Asia		243		204		701		675
Americas		794		596		2,225		1,903
Europe		552		473		1,738		1,760
Total net sales	$	2,302	$	1,847	$	6,507	$	6,111

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, 2022 and September 30, 2021, were not material in any period.