RELATED PARTY INFORMATION (Tables)

9 Months Ended

Sep. 30, 2021

Related Party Transactions [Abstract]

Summary of Related Party Transactions

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(in millions)				(in millions)
Net sales	$	50	$	155	$	412	$	398
Cost of goods sold	$	102	$	59	$	228	$	146
Selling, general and administrative expenses	$	35	$	33	$	99	$	89

	September 30, 2021		December 31, 2020
	(in millions)
Trade receivables	$	5	$	8
Trade payables	$	68	$	85

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 September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
	(in millions)				(in millions)
Net sales	$	229	$	274	$	911	$	702
Cost of goods sold	$	122	$	93	$	364	$	248

	September 30, 2021		December 31, 2020
	(in millions)
Trade receivables	$	13	$	170
Trade payables	$	68	$	98