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RELATED PARTY INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2024
Related Party Transactions [Abstract]  
Summary of Related Party Transactions
The transactions with Iveco Group post-Demerger are reflected in the consolidated financial statements as follows (in millions of dollars):
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Net sales$33 $37 $71 $57 
Purchases$219 $279 $430 $534 
June 30, 2024December 31, 2023
Trade receivables$15 $25 
Financial receivables from Iveco Group N.V.$230 $380 
Trade payables$254 $335 
Financial payables to Iveco Group N.V.$60 $146 
The following table sets forth the related party transactions entered into for the time period presented:
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Net sales$130 $160 $288 $293 
Purchases$117 $176 $259 $326 
June 30, 2024December 31, 2023
Trade receivables$8 $2 
Trade payables$94 $54