RELATED PARTY INFORMATION (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
	(in millions)				(in millions)
Net sales	$	123	$	202	$	243	$	362
Cost of goods sold	$	31	$	83	$	87	$	196
Selling, general and administrative expenses	$	32	$	35	$	56	$	68

	June 30, 2020		December 31, 2019
	(in millions)
Trade receivables	$	4	$	4
Trade payables	$	60	$	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 June 30,				Six Months Ended June 30,
	2020		2019		2020		2019
	(in millions)				(in millions)
Net sales	$	264	$	251	$	428	$	502
Cost of goods sold	$	63	$	150	$	155	$	256

	June 30, 2020		December 31, 2019
	(in millions)
Trade receivables	$	204	$	121
Trade payables	$	86	$	70