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OTHER ASSETS (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 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