RESTRUCTURING (Tables)

12 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring Reserve by Type of Cost

The following table represents restructuring expenses by reportable segment for the years ended December 31, 2024, 2023, and 2022. The balances for prior periods have been recast for the reportable segment realignment for certain businesses that was completed in the third quarter of 2024. Refer to Note 24, “Reportable Segments and Related Information” of the Consolidated Financial Statements for additional details.

(in millions)	Turbos & Thermal Technologies		Drivetrain & Morse Systems		PowerDrive Systems		Battery & Charging Systems		Corporate		Total
Year ended December 31, 2024
Employee termination benefits	$	21	$	10	$	10	$	1	$	1	$	43
Other	18		1		12		—		—		31
Total restructuring expense	$	39	$	11	$	22	$	1	$	1	$	74
Year ended December 31, 2023
Employee termination benefits	$	63	$	6	$	1	$	—	$	—	$	70
Other	7		2		—		—		—		9
Total restructuring expense	$	70	$	8	$	1	$	—	$	—	$	79
Year ended December 31, 2022
Employee termination benefits	$	20	$	18	$	—	$	—	$	—	$	38
Other	—		9		1		—		—		10
Total restructuring expense	$	20	$	27	$	1	$	—	$	—	$	48

Schedule of Restructuring Reserve of Roll Forward of the Restructuring Liability

The following table displays a roll forward of the restructuring liability recorded within the Company’s Consolidated Balance Sheets and the related cash flow activity:

(in millions)	Employee termination benefits		Other		Total
Balance at January 1, 2023	$	39	$	9	$	48
Restructuring expense, net	70		9		79
Cash payments	(43)		(13)		(56)
Foreign currency translation adjustment and other	2		2		4
Balance at December 31, 2023	68		7		75
Restructuring expense, net	43		31		74
Cash payments	(69)		(33)		(102)
Foreign currency translation adjustment and other	(3)		—		(3)
Balance at December 31, 2024	$	39	$	5	$	44
Less: Non-current restructuring liability	8		—		8
Current restructuring liability at December 31, 2024	$	31	$	5	$	36