GOODWILL AND OTHER INTANGIBLES (Tables)

9 Months Ended

Sep. 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)	Turbos & Thermal Technologies		Drivetrain & Morse Systems		PowerDrive Systems		Battery & Charging Systems		Total
Gross goodwill balance, December 31, 2023	$	1,257	$	1,126	$	481	$	651	$	3,515
Accumulated impairment losses, December 31, 2023	(502)		—		—		—		(502)
Net goodwill balance, December 31, 2023	$	755	$	1,126	$	481	$	651	$	3,013
Goodwill during the period:
Other, primarily translation adjustment	4		1		3		6		14
Ending balance, September 30, 2024	$	759	$	1,127	$	484	$	657	$	3,027

Schedule of Intangible Assets Gross Roll Forward

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

		September 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	$	364	$	169	$	195	$	364	$	145	$	219
Customer relationships	6 - 15	643		332		311		641		305		336
Miscellaneous	2 - 5	10		8		2		9		6		3
Total amortized intangible assets		1,017		509		508		1,014		456		558
Unamortized trade names		6		—		6		6		—		6
Total other intangible assets		$	1,023	$	509	$	514	$	1,020	$	456	$	564