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OTHER CURRENT AND NON-CURRENT ASSETS (Tables)
3 Months Ended
Mar. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of additional related assets
Additional detail related to assets is presented below:
March 31,December 31,
(in millions)20222021
Prepayments and other current assets:
Prepaid tooling$75 $81 
Prepaid taxes71 64 
Customer incentive payments (Note 4)37 36 
Prepaid engineering26 27 
Contract assets (Note 4)19 17 
Other98 96 
Total prepayments and other current assets$326 $321 
Investments and long-term receivables:
Investment in equity affiliates$305 $298 
Long-term receivables108 102 
Equity securities (Note 3)60 130 
Total investments and long-term receivables$473 $530 
Other non-current assets:
Deferred income taxes$270 $254 
Operating leases184 185 
Customer incentive payments (Note 4)127 137 
Other112 107 
Total other non-current assets$693 $683