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OTHER CURRENT AND NON-CURRENT ASSETS (Tables)
9 Months Ended
Sep. 30, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Additional Related Assets
Additional detail related to assets is presented below:
September 30,December 31,
(in millions)20222021
Prepayments and other current assets:
Prepaid tooling$82 $81 
Prepaid taxes40 64 
Derivative instruments32 13 
Customer incentive payments (Note 4)32 36 
Contract assets (Note 4)18 17 
Prepaid insurance12 
Prepaid engineering12 27 
Other57 74 
Total prepayments and other current assets$285 $321 
Investments and long-term receivables:
Investment in equity affiliates$266 $298 
Long-term receivables81 102 
Equity securities (Note 3)75 130 
Total investments and long-term receivables$422 $530 
Other non-current assets:
Deferred income taxes$204 $254 
Operating leases184 185 
Derivative instruments172 
Customer incentive payments (Note 4)102 137 
Other120 99 
Total other non-current assets$782 $683