v3.25.2
OTHER CURRENT AND NON-CURRENT ASSETS
6 Months Ended
Jun. 30, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER CURRENT AND NON-CURRENT ASSETS OTHER CURRENT AND NON-CURRENT ASSETS
(in millions)June 30,
2025
December 31,
2024
Prepayments and other current assets:
Prepaid taxes$37 $32 
Prepaid customer tooling24 14 
Prepaid engineering20 19 
Prepaid software11 10 
Customer return assets
Derivative instruments— 
Prepaid insurance
Other12 
Total prepayments and other current assets$119 $96 
Investments and long-term receivables:
Long-term receivables$59 $52 
Investment in equity affiliates59 51 
Investment in equity securities
Due from Former Parent
Total investments and long-term receivables$126 $111 
Other non-current assets:
Operating leases$50 $54 
Deferred income taxes49 43 
Customer incentive payments10 
Other24 22 
Total other non-current assets$133 $128