OTHER ASSETS (Tables)

9 Months Ended

Sep. 30, 2024

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

Schedule of Additional Related Assets

Additional detail related to assets is presented below:

	September 30,		December 31,
(in millions)	2024		2023
Prepayments and other current assets:
Prepaid tooling	$	113	$	89
Prepaid taxes	42		38
Customer incentive payments (Note 4)	25		27
Contract assets (Note 4)	16		18
Derivative instruments	10		32
Other	69		57
Total prepayments and other current assets	$	275	$	261
Investments and long-term receivables:
Investment in equity affiliates	$	242	$	237
Investment in equity securities	70		71
Long-term receivables	38		56
Total investments and long-term receivables	$	350	$	364
Other non-current assets:
Deferred income taxes	$	333	$	257
Operating leases	142		143
Customer incentive payments (Note 4)	32		58
Derivative instruments	24		15
Other	45		39
Total other non-current assets	$	576	$	512