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OTHER CURRENT AND NON-CURRENT ASSETS (Tables)
12 Months Ended
Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Additional Related Assets
Additional detail related to assets is presented below:
December 31,
(in millions)
20222021
Prepayments and other current assets:
Prepaid tooling$82 $81 
Prepaid taxes40 64 
Customer incentive payments (Note 3)34 36 
Derivative instruments18 13 
Contract assets (Note 3)16 17 
Prepaid insurance11 
Prepaid engineering27 
Other59 74 
Total prepayments and other current assets$269 $321 
Investments and long-term receivables:
Investment in debt securities $455 $— 
Investment in equity affiliates279 298 
Long-term receivables87 102 
Investment in equity securities75 130 
Total investments and long-term receivables$896 $530 
Other non-current assets:
Deferred income taxes (Note 7)$239 $254 
Operating leases (Note 22)199 185 
Customer incentive payments (Note 3)99 137 
Derivative instruments68 
Other63 99 
Total other non-current assets$668 $683