RESTRUCTURING (Tables)

12 Months Ended

Dec. 31, 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 other termination benefits) and other costs, which are primarily professional fees and costs related to facility closures and exits.

(in millions)	Air Management		Drivetrain & Battery Systems		ePropulsion		Corporate		Total
Year ended December 31, 2023
Employee termination benefits	$	67	$	2	$	1	$	—	$	70
Other	7		2		—		—		9
Total restructuring expense	$	74	$	4	$	1	$	—	$	79
Year ended December 31, 2022
Employee termination benefits	$	24	$	14	$	—	$	—	$	38
Other	—		9		1		—		10
Total restructuring expense	$	24	$	23	$	1	$	—	$	48
Year ended December 31, 2021
Employee termination benefits	$	34	$	11	$	—	$	—	$	45
Other	18		36		7		2		63
Total restructuring expense	$	52	$	47	$	7	$	2	$	108

Schedule of Restructuring Reserve of Roll Forward of the Restructuring Liability

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

(in millions)	Employee termination benefits		Other		Total
Balance at January 1, 2022	$	66	$	13	$	79
Restructuring expense, net	38		10		48
Cash payments	(58)		(19)		(77)
Foreign currency translation adjustment and other	(7)		5		(2)
Balance at December 31, 2022	39		9		48
Restructuring expense, net	70		9		79
Cash payments	(43)		(13)		(56)
Foreign currency translation adjustment and other	2		2		4
Balance at December 31, 2023	$	68	$	7	$	75
Less: Non-current restructuring liability	7		—		7
Current restructuring liability at December 31, 2023	$	61	$	7	$	68