GOODWILL AND OTHER INTANGIBLES (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

A summary of the changes in the carrying amount of goodwill are as follows:

(in millions)	Air Management		Drivetrain & Battery Systems		ePropulsion		Aftermarket		Fuel Systems		Total
Gross goodwill balance, December 31, 2022	$	1,566	$	1,434	$	480	$	374	$	45	$	3,899
Accumulated impairment losses, December 31, 2022	(502)		—		—		—		—		(502)
Net goodwill balance, December 31, 2022*	$	1,064	$	1,434	$	480	$	374	$	45	$	3,397
Goodwill during the period:
Acquisitions	12		—		—		—		—		12
Other, primarily translation adjustment	5		12		(23)		1		—		(5)
Ending balance, June 30, 2023	$	1,081	$	1,446	$	457	$	375	$	45	$	3,404

__________________________________

* The December 31, 2022 balances have been recast for a change in reportable segments that was made during the first quarter of 2023. Refer to Note 22, “Reportable Segments And Related Information” for more information.

Schedule of Finite-Lived Intangible Assets

The Company’s other intangible assets, primarily from acquisitions, consist of the following:

		June 30, 2023						December 31, 2022
(in millions)	Estimated useful lives (years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Patented and unpatented technology	5 - 15	$	495	$	163	$	332	$	492	$	141	$	351
Customer relationships	7 - 15	900		379		521		901		351		550
Miscellaneous	2 - 5	9		6		3		10		6		4
Total amortized intangible assets		1,404		548		856		1,403		498		905
Unamortized trade names		146		—		146		146		—		146
Total other intangible assets		$	1,550	$	548	$	1,002	$	1,549	$	498	$	1,051

Schedule of Indefinite-Lived Intangible Assets

The Company’s other intangible assets, primarily from acquisitions, consist of the following:

		June 30, 2023						December 31, 2022
(in millions)	Estimated useful lives (years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Patented and unpatented technology	5 - 15	$	495	$	163	$	332	$	492	$	141	$	351
Customer relationships	7 - 15	900		379		521		901		351		550
Miscellaneous	2 - 5	9		6		3		10		6		4
Total amortized intangible assets		1,404		548		856		1,403		498		905
Unamortized trade names		146		—		146		146		—		146
Total other intangible assets		$	1,550	$	548	$	1,002	$	1,549	$	498	$	1,051