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RELATED PARTY INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2022
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,
2022202120222021
(in millions)(in millions)
Net sales$— $— $— $— 
Cost of goods sold$3 $8 $14 $26 
Selling, general and administrative expenses$11 $15 $36 $43 
September 30, 2022December 31, 2021
(in millions)
Trade receivables$— $— 
Trade payables$13 $20 
The transactions with Iveco Group post-Demerger are reflected in the Condensed Combined Financial Statements as follows:

Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
(in millions)(in millions)
Net sales$12 $10 $33 $20 
Cost of goods sold$218 $228 $721 $717 
September 30, 2022December 31, 2021
(in millions)
Trade receivables$18 $87 
Receivables from Iveco Group N.V.$224 $— 
Trade payables$173 $181 
Payables to Iveco Group N.V.$95 $502 
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,
2022202120222021
(in millions)(in millions)
Net sales$79 $94 $301 $306 
Cost of goods sold$138 $117 $382 $348 
September 30, 2022December 31, 2021
(in millions)
Trade receivables$— $— 
Trade payables$68 $101