v3.25.4
REPORTING SEGMENTS AND RELATED INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Net Sales and Expenses by Reporting Segment
The following tables show net sales, segment expenses, Segment Adjusted Operating Income (Loss) and other segment information for the Company’s reportable segments. The segment expenses do not include non-comparable items that are excluded in the calculation of Segment Adjusted Operating Income (Loss):

Net Sales and Expenses by Reportable Segment
Year ended December 31, 2025
(in millions)Turbos & Thermal TechnologiesDrivetrain & Morse SystemsPowerDrive SystemsBattery & Charging SystemsInter-segment eliminationsTotal
Net sales - customers$5,769 $5,635 $2,322 $590 $— $14,316 
Net sales - inter-segment3 19 25 — (47)— 
Net sales$5,772 $5,654 $2,347 $590 $(47)$14,316 
Cost of sales4,602 4,430 1,995 555 
Selling, general and administrative expenses - R&D, net178 132 354 37 
Selling, general and administrative expenses - Other114 55 89 37 
Other segment items1
(1)(4)(8)— 
Segment Adjusted Operating Income (Loss)$879 $1,041 $(83)$(39)
Year ended December 31, 2024
(in millions)Turbos & Thermal TechnologiesDrivetrain & Morse SystemsPowerDrive SystemsBattery & Charging SystemsInter-segment eliminationsTotal
Net sales - customers$5,885 $5,564 $1,908 $729 $— $14,086 
Net sales - inter-segment2 13 29 — (44)— 
Net sales$5,887 $5,577 $1,937 $729 $(44)$14,086 
Cost of sales4,724 4,413 1,648 681 
Selling, general and administrative expenses - R&D, net170 118 384 51 
Selling, general and administrative expenses - Other114 38 60 47 
Other segment items1
2 (2)(11)(3)
Segment Adjusted Operating Income (Loss)$877 $1,010 $(144)$(47)
Year ended December 31, 2023
(in millions)Turbos & Thermal TechnologiesDrivetrain & Morse SystemsPowerDrive SystemsBattery & Charging SystemsInter-segment eliminationsTotal
Net sales - customers$6,007 $5,543 $2,102 $546 $— $14,198 
Net sales - inter-segment5 6 64 — (75)— 
Net sales$6,012 $5,549 $2,166 $546 $(75)$14,198 
Cost of sales4,865 4,413 1,826 581 
Selling, general and administrative expenses - R&D, net175 122 362 44 
Selling, general and administrative expenses - Other100 49 73 40 
Other segment items1
(2)7 (5)(3)
Segment Adjusted Operating Income (Loss)$874 $958 $(90)$(116)
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1 Other segment items include other income and expenses to derive Segment Adjusted Operating Income (Loss).
Schedule of Segment Reporting Information, by Segment
Segment Adjusted Operating Income (Loss)
Year Ended December 31,
(in millions)202520242023
Turbos & Thermal Technologies$879 $877 $874 
Drivetrain & Morse Systems1,041 1,010 958 
PowerDrive Systems(83)(144)(90)
Battery & Charging Systems(39)(47)(116)
Segment Adjusted Operating Income1,798 1,696 1,626 
Corporate, including stock-based compensation261 279 278 
Impairment charges624 646 29 
Restructuring expense (Note 4)101 74 79 
Accelerated depreciation1
90 50 4 
Intangible asset amortization expense66 69 67 
Legal settlement (Note 21)40 — — 
Costs to exit charging business (Note 2)32 — — 
Impairment of investment16 — — 
Chief Executive Officer ("CEO") transition compensation2
11 — — 
Loss (gain) on sale of assets2
9 2 (13)
Adjustments associated with Spin-Off related balances2
7 17 — 
Write-off customer incentive asset (Note 3)7 — — 
Merger and acquisition expense, net2
5 2 23 
Loss (gain) on sale of businesses2
2 6 (5)
Change in accounting method— (29)— 
Commercial contract settlement2
— 15 — 
Insurance recovery (Note 13)(21)— — 
Other non-comparable items12 19 4 
Equity in affiliates' earnings, net of tax(35)(27)(30)
Unrealized and realized (gain) loss on equity and debt securities(3)1 174 
Interest expense, net39 20 10 
Other postretirement expense11 13 15 
Earnings from continuing operations before income taxes and noncontrolling interest$524 $539 $991 
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1 Accelerated depreciation represents charges related to property, plant and equipment that were decommissioned or are in the process of being decommissioned.
2 Refer to Note 6, “Other Operating Expense (Income), Net,” to the Consolidated Financial Statements for more information.
    
Segment Information
Depreciation and amortization
Long-lived asset expenditures1
(in millions)202520242023202520242023
Turbos & Thermal Technologies$171 $177 $170 $188 $170 $184 
Drivetrain & Morse Systems214 246 215 101 115 134 
PowerDrive Systems184 164 127 149 291 384 
Battery & Charging Systems120 57 39 18 82 96 
Total689 644 551 456 658 798 
Corporate2
30 29 31 13 13 34 
Consolidated$719 $673 $582 $469 $671 $832 
Total assets
202520242023
Turbos & Thermal Technologies$3,743 $3,693 $3,938 
Drivetrain & Morse Systems3,795 3,872 4,262 
PowerDrive Systems3,163 2,792 3,185 
Battery & Charging Systems460 1,082 1,335 
Total11,161 11,439 12,720 
Corporate2
2,608 2,554 1,733 
Consolidated$13,769 $13,993 $14,453 
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1 Long-lived asset expenditures include capital expenditures and tooling outlays.
2 Corporate assets include cash and cash equivalents, investments and long-term receivables and deferred income taxes.
Schedule of Revenue from External Customers and Long-lived Assets, by Geographical Areas The following table shows sales to customers and property, plant and equipment by country.
 SalesProperty, plant and equipment
(in millions)202520242023202520242023
United States$2,293 $2,240 $2,334 $677 $718 $778 
Europe:   
Germany1,624 1,680 1,669 220 352 393 
Poland1,245 1,160 1,121 393 356 342 
Hungary771 820 904 166 154 167 
Other Europe1,508 1,586 1,387 501 472 456 
Total Europe5,148 5,246 5,081 1,280 1,334 1,358 
China2,968 2,862 2,998 652 720 876 
Mexico1,741 1,644 1,759 325 412 374 
South Korea1,150 1,181 1,163 199 189 197 
Other foreign1,016 913 863 197 202 200 
Total$14,316 $14,086 $14,198 $3,330 $3,575 $3,783