RESTRUCTURING CHARGES (Tables)

3 Months Ended

Mar. 31, 2022

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Program Charges

A summary of restructuring program charges is as follows:

	Three months ended March 31
(In millions except for per share data)	2022		2021
Workforce reductions	$	5	$	2
Plant closing and other	13		14
Total before income taxes	18		16
Income tax benefit	4		4
Total after income taxes	$	14	$	12
Per ordinary share - diluted	$	0.03	$	0.03

Restructuring program charges related to the following segments:

	Three months ended March 31
(In millions)	2022		2021
Electrical Americas	$	5	$	5
Electrical Global	5		2
Aerospace	3		1
Vehicle	3		6
Corporate	2		2
Total	$	18	$	16

Schedule of Liabilities Related to Restructuring

A summary of liabilities related to workforce reductions, plant closing and other associated costs is as follows:

(In millions)	Workforce reductions		Plant closing and other		Total
Balance at January 1, 2020	$	—	$	—	$	—
Liability recognized	172		42		214
Payments, utilization and translation	(33)		(39)		(72)
Balance at December 31, 2020	$	139	$	3	$	142
Liability recognized	21		57		78
Payments, utilization and translation	(64)		(52)		(116)
Balance at December 31, 2021	$	96	$	8	$	104
Liability recognized	5		13		18
Payments, utilization and translation	(12)		(14)		(26)
Balance at March 31, 2022	$	89	$	7	$	96