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OTHER CURRENT AND NON-CURRENT ASSETS (Tables)
 12 Months Ended
Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Additional Related Assets
Additional detail related to assets is presented below:
December 31,
(in millions)
20242023
Prepayments and other current assets:
Prepaid tooling$107 $89 
Prepaid taxes98 38 
Customer incentive payments (Note 3)22 27 
Derivative instruments19 32 
Contract assets (Note 3)15 18 
Other72 57 
Total prepayments and other current assets$333 $261 
Investments and long-term receivables:
Investment in equity affiliates$245 $237 
Investment in equity securities70 71 
Long-term receivables41 56 
Total investments and long-term receivables$356 $364 
Other non-current assets:
Deferred income taxes (Note 7)$359 $257 
Operating leases (Note 22)177 143 
Derivative instruments89 15 
Customer incentive payments (Note 3)23 58 
Other62 39 
Total other non-current assets$710 $512