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OTHER ASSETS
3 Months Ended
Mar. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER ASSETS OTHER ASSETS
Additional detail related to assets is presented below:
March 31,December 31,
(in millions)
20252024
Prepayments and other current assets:
Prepaid tooling$113 $107 
Prepaid taxes90 98 
Customer incentive payments (Note 4)20 22 
Derivative instruments14 19 
Contract assets (Note 4)13 15 
Other73 72 
Total prepayments and other current assets$323 $333 
Investments and long-term receivables:
Investment in equity affiliates$244 $245 
Investment in equity securities70 70 
Long-term receivables41 41 
Total investments and long-term receivables$355 $356 
Other non-current assets:
Deferred income taxes$419 $359 
Operating leases174 177 
Derivative instruments42 89 
Customer incentive payments (Note 4)21 23 
Other66 62 
Total other non-current assets$722 $710