RELATED PARTY INFORMATION (Tables)

3 Months Ended

Mar. 31, 2020

Related Party Transactions [Abstract]

Summary of Related Party Transactions

These transactions with FCA are reflected in the Company’s condensed consolidated financial statements as follows:

	Three Months Ended March 31,
	2020		2019
	(in millions)
Net sales	$	130	$	160
Cost of goods sold	$	57	$	113
Selling, general and administrative expenses	$	24	$	33

	March 31, 2020		December 31, 2019
	(in millions)
Trade receivables	$	4	$	4
Trade payables	$	55	$	83

These transactions primarily affected revenues, finance and interest income, cost of goods sold, trade receivables and payables and are presented as follows:

	Three Months Ended March 31,
	2020		2019
	(in millions)
Net sales	$	164	$	251
Cost of goods sold	$	92	$	106

	March 31, 2020		December 31, 2019
	(in millions)
Trade receivables	$	95	$	121
Trade payables	$	90	$	70