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OTHER CURRENT AND NON-CURRENT ASSETS (Tables)
6 Months Ended
Jun. 30, 2022
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)20222021
Prepayments and other current assets:
Prepaid tooling$82 $81 
Prepaid taxes55 64 
Customer incentive payments (Note 4)35 36 
Prepaid engineering18 27 
Contract assets (Note 4)18 17 
Other95 96 
Total prepayments and other current assets$303 $321 
Investments and long-term receivables:
Investment in equity affiliates$292 $298 
Long-term receivables79 102 
Equity securities (Note 3)71 130 
Total investments and long-term receivables$442 $530 
Other non-current assets:
Deferred income taxes$229 $254 
Operating leases176 185 
Customer incentive payments (Note 4)114 137 
Derivative instruments73 
Other112 99 
Total other non-current assets$704 $683