RESTRUCTURING (Tables)

3 Months Ended

Mar. 31, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Expense by Reportable Segment

The following tables display the Company’s restructuring expense by reportable segment:

	Three Months Ended March 31, 2024
(in millions)	Air Management		Drivetrain & Battery Systems		ePropulsion		Corporate		Total
Employee termination benefits	$	6	$	7	$	—	$	—	$	13
Other	3		—		3		—		6
Total restructuring expense	$	9	$	7	$	3	$	—	$	19
	Three Months Ended March 31, 2023
(in millions)	Air Management		Drivetrain & Battery Systems		ePropulsion		Corporate		Total
Employee termination benefits	$	2	$	—	$	—	$	—	$	2
Other	1		—		—		—		1
Total restructuring expense	$	3	$	—	$	—	$	—	$	3

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, 2024	$	68	$	7	$	75
Restructuring expense, net	13		6		19
Cash payments	(9)		(6)		(15)
Foreign currency translation adjustment and other	(2)		—		(2)
Balance at March 31, 2024	70		7		77
Less: Non-current restructuring liability	9		—		9
Current restructuring liability at March 31, 2024	$	61	$	7	$	68
(in millions)	Employee Termination Benefits		Other		Total
Balance at January 1, 2023	$	39	$	9	$	48
Restructuring expense, net	2		1		3
Cash payments	(14)		(2)		(16)
Foreign currency translation adjustment and other	—		—		—
Balance at March 31, 2023	27		8		35
Less: Non-current restructuring liability	6		—		6
Current restructuring liability at March 31, 2023	$	21	$	8	$	29