XML 35 R18.htm IDEA: XBRL DOCUMENT

Related Party Transactions

6 Months Ended

Jun. 30, 2020

12. RELATED PARTY TRANSACTIONS

The Company purchases finished goods from Veoneer. For the three month period ended June 30, 2020 and June 30, 2019, related party purchases from Veoneer amounted to $11 million and $19 million, respectively. For the six month period ended June 30, 2020 and June 30, 2019 these related party purchases amounted to $29 million and $37 million, respectively.

Amounts due to and due from related party as of June 30, 2020 and December 31, 2019 were as follows:

Related party	As of
(Dollars in millions)	June 30, 2020		December 31, 2019
Related party receivables¹⁾	$	1.0	$	2.8
Related party payables²⁾		16.9		9.7
Related party accrued expenses³⁾		5.9		7.7

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.