OTHER ASSETS (Tables)

6 Months Ended

Jun. 30, 2024

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Schedule of Additional Related Assets

Additional detail related to assets is presented below:

	June 30,		December 31,
(in millions)	2024		2023
Prepayments and other current assets:
Prepaid tooling	$	101	$	89
Prepaid taxes	41		38
Customer incentive payments (Note 4)	25		27
Derivative instruments	22		32
Contract assets (Note 4)	16		18
Other	78		57
Total prepayments and other current assets	$	283	$	261
Investments and long-term receivables:
Investment in equity affiliates	$	221	$	237
Investment in equity securities	69		71
Long-term receivables	52		56
Total investments and long-term receivables	$	342	$	364
Other non-current assets:
Deferred income taxes	$	268	$	257
Operating leases	142		143
Derivative instruments	53		15
Customer incentive payments (Note 4)	38		58
Other	39		39
Total other non-current assets	$	540	$	512