GOODWILL AND OTHER INTANGIBLES (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

A summary of the changes in the carrying amount of goodwill are as follows:

(in millions)	Air Management		Drivetrain & Battery Systems		ePropulsion		Total
Gross goodwill balance, December 31, 2023	$	1,579	$	1,455	$	481	$	3,515
Accumulated impairment losses, December 31, 2023	(502)		—		—		(502)
Net goodwill balance, December 31, 2023	$	1,077	$	1,455	$	481	$	3,013
Goodwill during the period:
Other, primarily translation adjustment	(12)		(22)		(14)		(48)
Ending balance, June 30, 2024	$	1,065	$	1,433	$	467	$	2,965

Schedule of Intangible Assets Gross Roll Forward

The Company’s other intangible assets, primarily from acquisitions, consist of the following:

		June 30, 2024						December 31, 2023
(in millions)	Estimated useful lives (years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Patented and unpatented technology	5 - 15	$	358	$	157	$	201	$	364	$	145	$	219
Customer relationships	6 - 15	625		313		312		641		305		336
Miscellaneous	2 - 5	9		7		2		9		6		3
Total amortized intangible assets		992		477		515		1,014		456		558
Unamortized trade names		6		—		6		6		—		6
Total other intangible assets		$	998	$	477	$	521	$	1,020	$	456	$	564