XML 33 R17.htm IDEA: XBRL DOCUMENT v3.22.0.1
RECEIVABLES, NET
 12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
RECEIVABLES, NET RECEIVABLES, NET
The table below provides details of receivables as of December 31, 2021 and 2020:
December 31,
(in millions)20212020
Receivables, net:
Customers$2,522 $2,636 
Indirect taxes 240 177 
Other149 117 
Gross receivables2,911 2,930 
Allowance for credit losses(13)(11)
Total receivables, net$2,898 $2,919 

The table below summarizes the activity in the allowance for credit losses for the years ended December 31, 2021, 2020 and 2019:
Year Ended December 31,
(in millions)
202120202019
Beginning balance, January 1$(11)$(6)$(7)
Provision(3)(11)(1)
Write-offs— 7 2 
Translation adjustment and other1 (1)— 
Ending balance, December 31$(13)$(11)$(6)

Factoring
The Company assumed arrangements entered into by Delphi Technologies with various financial institutions to sell eligible trade receivables from certain Aftermarket customers in North America and Europe. These arrangements can be terminated at any time subject to prior written notice. The receivables under these arrangements are sold without recourse to the Company and are therefore accounted for as true sales. During the year ended December 31, 2021 and fourth quarter ended December 31, 2020, $156 million and $41 million of receivables were sold under these arrangements, and expenses of $3 million and $1 million, respectively, were recognized within interest expense.