Revenue Disaggregation

3 Months Ended

Mar. 31, 2020

Revenue From Contract With Customer [Abstract]

13. REVENUE DISAGGREGATION

The Company’s disaggregated revenue for the three months period March 31, 2020 and March 31, 2019 were as follows.

	Three months ended March 31
Net Sales by Products (Dollars in millions)	2020		2019
Airbag Products and Other¹⁾	$	1,202.2	$	1,447.7
Seatbelt Products¹⁾		643.6		726.3
Total net sales	$	1,845.8	$	2,174.0
¹⁾ Including Corporate and other sales.

	Three months ended March 31
Net Sales by Region (Dollars in millions)	2020		2019
Americas		672.2		743.1
Europe		576.4		680.2
Japan		203.0		208.1
China		197.5		330.4
Rest of Asia		196.7		212.2
Total net sales	$	1,845.8	$	2,174.0

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 on 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 months period ended March 31, 2020 and March 31, 2019 were not material.