Balance Sheet Information (Tables)

12 Months Ended

Dec. 31, 2019

Balance Sheet Related Disclosures [Abstract]

Balance sheet information

	December 31,
(in millions)	2019			2018
Receivables, net:
Customers	$	1,713		$	1,728
Indirect taxes	106			114
Other	108			153
Gross receivables	1,927			1,995
Bad debt allowance (a)	(6		)	(7		)
Total receivables, net	$	1,921		$	1,988
Inventories, net:
Raw material and supplies	$	502		$	485
Work in progress	113			114
Finished goods	207			199
FIFO inventories	822			798
LIFO reserve	(15		)	(17		)
Total inventories, net	$	807		$	781
Prepayments and other current assets:
Prepaid taxes	$	95		$	84
Prepaid tooling	83			83
Other	98			83
Total prepayments and other current assets	$	276		$	250
Property, plant and equipment, net:
Land and land use rights	$	105		$	108
Buildings	755			763
Machinery and equipment	2,971			2,851
Capital leases	1			3
Construction in progress	360			426
Property, plant and equipment, gross	4,192			4,151
Accumulated depreciation	(1,513		)	(1,474		)
Property, plant and equipment, net, excluding tooling	2,679			2,677
Tooling, net of amortization	246			227
Property, plant and equipment, net	$	2,925		$	2,904
Investments and other long-term receivables:
Investment in equity affiliates	$	256		$	244
Cost method investments	60			8
Other long-term asbestos-related insurance receivables*	—			303
Other long-term receivables*	2			37
Total investments and other long-term receivables	$	318		$	592
Other non-current assets:
Operating leases	$	85		$	—
Deferred income taxes*	79			198
Deferred asbestos-related insurance asset*	—			83
Other	215			221
Total other non-current assets	$	379		$	502

	December 31,
(in millions)	2019		2018
Accounts payable and accrued expenses:
Trade payables	$	1,325	$	1,485
Payroll and employee related	233		233
Customer related	71		49
Product warranties	63		56
Indirect taxes	61		73
Severance	34		25
Operating leases	18		—
Interest	18		19
Insurance	17		12
Retirement related	15		16
Dividends payable to noncontrolling shareholders	14		17
Asbestos-related*	—		50
Other	108		109
Total accounts payable and accrued expenses	$	1,977	$	2,144
Other non-current liabilities:
Deferred income taxes	$	125	$	51
Operating leases	67		—
Product warranties	53		47
Deferred revenue	49		51
Other	255		208
Total other non-current liabilities	$	549	$	357

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* Relates to the derecognition of Morse TEC, refer to Note 19, “Recent Transactions” to the Consolidated Financial Statements for more information.

(a) Bad debt allowance:	2019			2018			2017
Beginning balance, January 1	$	(7	)	$	(6	)	$	(3	)
Provision	(1		)	(5		)	(3		)
Write-offs	2			4			—
Ending balance, December 31	$	(6	)	$	(7	)	$	(6	)