RESTRUCTURING (Tables)

9 Months Ended

Sep. 30, 2023

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve by Type of Cost

The Company’s restructuring expenses consist primarily of employee termination benefits (principally severance and/or termination benefits) and other costs, which are primarily professional fees and costs

related to facility closures and exits. The balances for the three and nine months ended September 30, 2022 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,” to the Condensed Consolidated Financial Statements for more information.

	Three Months Ended September 30, 2023
(in millions)	Air Management		Drivetrain & Battery Systems		ePropulsion		Corporate		Total
Employee termination benefits	$	53	$	1	$	—	$	—	$	54
Other	1		1		—		—		2
Total restructuring expense	$	54	$	2	$	—	$	—	$	56
	Three Months Ended September 30, 2022
(in millions)	Air Management		Drivetrain & Battery Systems		ePropulsion		Corporate		Total
Employee termination benefits	$	5	$	—	$	—	$	—	$	5
Other	—		—		—		—		—
Total restructuring expense	$	5	$	—	$	—	$	—	$	5
	Nine Months Ended September 30, 2023
(in millions)	Air Management		Drivetrain & Battery Systems		ePropulsion		Corporate		Total
Employee termination benefits	$	62	$	1	$	—	$	—	$	63
Other	4		1		—		—		5
Total restructuring expense	$	66	$	2	$	—	$	—	$	68
	Nine Months Ended September 30, 2022
(in millions)	Air Management		Drivetrain & Battery Systems		ePropulsion		Corporate		Total
Employee termination benefits	$	19	$	14	$	—	$	(1)	$	32
Other	—		9		1		—		10
Total restructuring expense	$	19	$	23	$	1	$	(1)	$	42

Schedule of Restructuring Reserve of Roll Forward of the Restructuring Liability

The following tables display a roll forward of the restructuring liability recorded within the Company’s Condensed Consolidated Balance Sheets and the related cash flow activity:

(in millions)	Employee Termination Benefits		Other		Total
Balance at January 1, 2023	$	39	$	9	$	48
Restructuring expense, net	63		5		68
Cash payments	(32)		(9)		(41)
Foreign currency translation adjustment and other	(1)		2		1
Balance at September 30, 2023	69		7		76
Less: Non-current restructuring liability	7		—		7
Current restructuring liability at September 30, 2023	$	62	$	7	$	69
(in millions)	Employee Termination Benefits		Other		Total
Balance at January 1, 2022	$	66	$	13	$	79
Restructuring expense, net	32		10		42
Cash payments	(39)		(17)		(56)
Foreign currency translation adjustment and other	(12)		2		(10)
Balance at September 30, 2022	47		8		55
Less: Non-current restructuring liability	13		1		14
Current restructuring liability at September 30, 2022	$	34	$	7	$	41