Revenue Disaggregation

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Revenue Disaggregation

12. REVENUE DISAGGREGATION

The Company’s disaggregated revenue for the three and six months periods ended June 30, 2024 and June 30, 2023 were as follows (dollars in millions).

Net Sales by Products	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Airbags, Steering Wheels and Other1)	$	1,747	$	1,757	$	3,528	$	3,430
Seatbelt Products and Other1)		858		878		1,692		1,698
Total net sales	$	2,605	$	2,635	$	5,220	$	5,127
Net Sales by Region	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Americas	$	893	$	916	$	1,786	$	1,747
Europe		761		751		1,531		1,476
China		468		497		928		950
Asia excl. China		483		471		975		954
Total net sales	$	2,605	$	2,635	$	5,220	$	5,127

1) Including Corporate sales.

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, 2024 and June 30, 2023, were not material in any period.