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OTHER CURRENT AND NON-CURRENT ASSETS (Tables)
 12 Months Ended
Dec. 31, 2023
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)
20232022
Prepayments and other current assets:
Prepaid tooling$89 $77 
Prepaid taxes38 33 
Derivative instruments32 12 
Customer incentive payments (Note 3)27 34 
Contract assets (Note 3)18 14 
Prepaid insurance10 10 
Other47 50 
Total prepayments and other current assets$261 $230 
Investments and long-term receivables:
Investment in equity affiliates$237 $235 
Investment in equity securities71 73 
Long-term receivables56 56 
Investment in debt securities — 455 
Total investments and long-term receivables$364 $819 
Other non-current assets:
Deferred income taxes (Note 7)$257 $179 
Operating leases (Note 22)143 106 
Customer incentive payments (Note 3)58 99 
Derivative instruments15 68 
Other39 37 
Total other non-current assets$512 $489