GOODWILL AND OTHER INTANGIBLES (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

A summary of the changes in the carrying amount of goodwill is presented in the following tables. The prior period balances have been recast for inter-segment transitions of certain businesses that were completed during 2022. Refer to Note 24, “Reportable Segments and Related Information” for more information.

	2024
(in millions)	Turbos & Thermal Technologies		Drivetrain & Morse Systems		PowerDrive Systems		Battery & Charging Systems		Total
Gross goodwill balance, January 1	$	1,257	$	1,126	$	481	$	651	$	3,515
Accumulated impairment losses, January 1	(502)		—		—		—		(502)
Net goodwill balance, January 1	$	755	$	1,126	$	481	$	651	$	3,013
Goodwill during the year:
Impairment	—		—		(468)		(109)		(577)
Measurement period adjustments1	—		—		6		—		6
Other, primarily translation adjustment	(22)		(6)		(19)		(38)		(85)
Net goodwill balance, December 31	$	733	$	1,120	$	—	$	504	$	2,357

	2023
(in millions)	Turbos & Thermal Technologies		Drivetrain & Morse Systems		PowerDrive Systems		Battery & Charging Systems		Total
Gross goodwill balance, January 1	$	1,246	$	1,126	$	480	$	628	$	3,480
Accumulated impairment losses, January 1	(502)		—		—		—		(502)
Net goodwill balance, January 1	$	744	$	1,126	$	480	$	628	$	2,978
Goodwill during the year:
Acquisitions1	—		—		14		8		22
Measurement period adjustments1	—		—		—		(6)		(6)
Other, primarily translation adjustment	11		—		(13)		21		19
Net goodwill balance, December 31	$	755	$	1,126	$	481	$	651	$	3,013

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1 Acquisitions and measurement period adjustments relate to the Company’s 2023 purchases of SSE and Eldor.

Schedule of Intangible Assets Gross Roll Forward

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

		December 31, 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	$	352	$	172	$	180	$	364	$	145	$	219
Customer relationships	6 - 15	610		321		289		641		305		336
Miscellaneous	2 - 5	9		7		2		9		6		3
Total amortized intangible assets		971		500		471		1,014		456		558
Unamortized trade names		3		—		3		6		—		6
Total other intangible assets		$	974	$	500	$	474	$	1,020	$	456	$	564

A roll forward of the gross carrying amounts and related accumulated amortization of the Company’s other intangible assets is presented below:

	Gross carrying amounts				Accumulated amortization
(in millions)	2024		2023		2024		2023
Beginning balance, January 1	$	1,020	$	1,003	$	456	$	384
Acquisitions and measurement period adjustments1 (Note 2)	(4)		14		—		—
Write-offs	(3)		—		—		—
Amortization	—		—		69		67
Translation adjustment	(39)		3		(25)		5
Ending balance, December 31	$	974	$	1,020	$	500	$	456

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1    Acquisitions relate to the Company’s 2023 purchases of SSE and Eldor.