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OTHER CURRENT AND NON-CURRENT ASSETS (Tables)
6 Months Ended
Jun. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of additional related assets
Additional detail related to assets is presented below:
June 30,December 31,
(in millions)20212020
Prepayments and other current assets:
Prepaid tooling$95 $84 
Prepaid taxes58 64 
Customer incentive payments (Note 4)43 43 
Prepaid engineering32 33 
Contract assets (Note 4)22 16 
Other89 72 
Total prepayments and other current assets$339 $312 
Investments and other long-term receivables:
Investment in equity affiliates$292 $297 
Equity securities (Note 3)203 472 
Other long-term receivables51 51 
Total investments and other long-term receivables$546 $820 
Other non-current assets:
Deferred income taxes$317 $291 
Operating leases209 211 
Customer incentive payments (Note 4)148 166 
Other74 60 
Total other non-current assets$748 $728