RECEIVABLES, NET

12 Months Ended

Dec. 31, 2022

Receivables [Abstract]

RECEIVABLES, NET

RECEIVABLES, NET

The table below provides details of receivables as of December 31, 2022 and 2021:

	December 31,
(in millions)	2022		2021
Receivables, net:
Customers	$	2,823	$	2,522
Indirect taxes	319		240
Other	199		149
Gross receivables	3,341		2,911
Allowance for credit losses	(18)		(13)
Total receivables, net	$	3,323	$	2,898

The table below summarizes the activity in the allowance for credit losses for the years ended December 31, 2022, 2021 and 2020:

	Year Ended December 31,
(in millions)	2022		2021		2020
Beginning balance, January 1	$	(13)	$	(11)	$	(6)
Provision	(6)		(3)		(11)
Write-offs	—		—		7
Translation adjustment and other	1		1		(1)
Ending balance, December 31	$	(18)	$	(13)	$	(11)

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 to financial institutions without recourse to the Company and are therefore accounted for as true sales. During the years ended December 31, 2022, December 31, 2021 and fourth quarter ended December 31, 2020, the Company sold $142 million, $156 million and $41 million of receivables, respectively, under these arrangements. Additionally, during the same periods, expenses of $5 million, $3 million and $1 million, respectively, were recognized within interest expense.