Pay vs Performance Disclosure - USD ($)
|
12 Months Ended |
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
Dec. 31, 2022 |
Dec. 31, 2021 |
| Pay vs Performance Disclosure |
|
|
|
|
|
| Pay vs Performance Disclosure, Table |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | YEAR | SUMMARY COMPENSATION TABLE (SCT) TOTAL FOR PEO11 | COMPENSATION ACTUALLY PAID TO PEO12 | SUMMARY COMPENSATION TABLE (SCT) TOTAL FOR PEO21 | COMPENSATION ACTUALLY PAID TO PEO2 | AVERAGE SCT TOTAL FOR
NON-PEO
NEOs1 | AVERAGE COMPENSATION ACTUALLY PAID TO NON-PEO NEOs3 | VALUE OF INITIAL
FIXED $100
INVESTMENT BASED ON: | NET INCOME
(IN MILLIONS)5 | SOI
(COMPANY-
SELECTED
MEASURE)
(IN MILLIONS)5,6 | TSR | PEER
GROUP
TSR4 | | 2025 | $ | 14,602,389 | | $ | 16,345,262 | | | | $ | 4,348,662 | | $ | 3,865,410 | | $ | 80.29 | | $ | 79.56 | | $ | (1,700) | | $ | 1,057 | | | 2024 | 25,789,964 | | 21,086,164 | | $18,256,958 | | $10,045,072 | | 4,752,047 | | 2,555,429 | | 82.49 | | 68.86 | | 35 | | 1,302 | | | 2023 | | | 14,740,302 | | 16,802,641 | | 5,336,338 | | 5,688,099 | | 131.26 | | 88.96 | | (731) | | 943 | | | 2022 | | | 10,317,348 | | (11,700,294) | | 3,264,573 | | (2,598,280) | | 93.03 | | 89.00 | | 202 | | 1,274 | | | 2021 | | | 21,415,578 | | 39,794,054 | | 6,743,039 | | 11,818,873 | | 195.42 | | 120.99 | | 780 | | 1,288 | |
|
|
|
|
|
| Company Selected Measure Name |
segment operating income (SOI)
|
|
|
|
|
| Named Executive Officers, Footnote |
The named executives included in the above table were: | | | | | | | | | | YEAR | PRINCIPAL EXECUTIVE OFFICER (PEO) | NON-PEO NAMED EXECUTIVES | | 2025 | Mark Stewart | Ms. Zamarro and Messrs. Phillips, Metzelaar and Helsel | 2024 | Richard Kramer (PEO2); Mark Stewart (PEO1) | Ms. Zamarro and Messrs. Delaney, Phillips, Helsel and McClellan | 2023 | Richard Kramer | Ms. Zamarro and Messrs. Wells, McClellan and Delaney | 2022 | Richard Kramer | Messrs. Wells, McClellan, Delaney, Phillips and Patterson | 2021 | Richard Kramer | Messrs. Wells, McClellan, Delaney and Patterson |
|
|
|
|
|
| Peer Group Issuers, Footnote |
Dow Jones US Auto Parts Index
|
|
|
|
|
| PEO Total Compensation Amount |
$ 14,602,389
|
|
|
|
|
| PEO Actually Paid Compensation Amount |
$ 16,345,262
|
|
|
|
|
| Adjustment To PEO Compensation, Footnote |
For 2024, the amount of compensation actually paid (CAP) to PEO1 has been updated to correct an error in the calculation of the fair value of Mr. Stewart’s 2024-2026 PSU award related to the 2024 performance period. The following table sets forth the adjustments made to the SCT Total for PEO1 during 2025 to determine CAP to such PEO, with “fair value” calculated in accordance with ASC Topic 718 as of the end of the specified period: | | | | | | | COVERED YEAR 2025 | | SCT Total for PEO | $14,602,389 | | | Deduct aggregate change in actuarial present value of accumulated benefit under pension plans reported in the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the SCT | — | | Add “service cost” for pension plans(a) | — | | Add “prior service cost” for pension plans(b) | — | | Deduct amounts reported under “Stock Awards” Column of the SCT | (7,128,093) | | Deduct amounts reported under “Option Awards” Column of the SCT | — | | Add the fair value of awards granted in the covered year that remain outstanding and unvested as of covered year-end(c) | 7,183,606 | | Add (Subtract) change in fair value of awards granted in any prior year that remain outstanding and unvested as of the covered year-end(d) | 1,051,090 | | Add the fair value of awards granted and vested during the covered year(e) | — | | Add (Subtract) change in fair value from prior year-end to vesting date of awards granted in any prior year that vested during the covered year(f) | 636,270 | | | Subtract fair value of awards granted in any prior year that were forfeited or failed to vest during the covered year | — | | Add dividends on unvested awards paid during the covered year | — | | Add incremental fair value of awards modified during the covered year | — | | | Compensation Actually Paid: | $ | 16,345,262 | |
|
|
|
|
|
| Non-PEO NEO Average Total Compensation Amount |
$ 4,348,662
|
$ 4,752,047
|
$ 5,336,338
|
$ 3,264,573
|
$ 6,743,039
|
| Non-PEO NEO Average Compensation Actually Paid Amount |
$ 3,865,410
|
2,555,429
|
5,688,099
|
(2,598,280)
|
11,818,873
|
| Adjustment to Non-PEO NEO Compensation Footnote |
The following table sets forth the adjustments made to the Average SCT Total for Non-PEO NEOs during 2025 to determine the average CAP to the Non-PEO NEOs, with “fair value” calculated in accordance with ASC Topic 718 as of the end of the specified period: | | | | | | | COVERED YEAR
2025 | | Average SCT Total for non-PEO NEOs | $4,348,662 | | | Deduct aggregate change in actuarial present value of accumulated benefit under pension plans reported in the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” Column of the SCT | (452,830) | | Add “service cost” for pension plans(a) | 161,769 | | Add “prior service cost” for pension plans(b) | — | | | Deduct amounts reported under “Stock Awards” Column of the SCT | (1,153,546) | | | Deduct amounts reported under “Option Awards” Column of the SCT | — | | Add the fair value of awards granted in the covered year that remain outstanding and unvested as of covered year-end(c) | 980,402 | | Add (Subtract) change in fair value of awards granted in any prior year that remain outstanding and unvested as of the covered year-end(d) | (101,595) | | Add the fair value of awards granted and vested during the covered year(e) | 73,748 | | Add (Subtract) change in fair value from prior year-end to vesting date of awards granted in any prior year that vested during the covered year(f) | 8,800 | | | Subtract fair value of awards granted in any prior year that were forfeited or failed to vest during the covered year | — | | | Add dividends on unvested awards paid during the covered year | — | | | Add incremental fair value of awards modified during the covered year | — | | | Compensation Actually Paid: | $ | 3,865,410 | |
|
|
|
|
|
| Compensation Actually Paid vs. Total Shareholder Return |
The following table illustrates the value of our CEO and other NEOs’ CAP and the Company’s TSR. COMPENSATION ACTUALLY PAID AND COMPANY TSR |
|
|
|
|
| Compensation Actually Paid vs. Net Income |
The following table illustrates the value of our CEO and other NEOs’ CAP and net income: COMPENSATION ACTUALLY PAID AND NET INCOME | | | | | | | | | | | | | | | | | | | CEO CAP | | Non-CEO CAP | | Net Income |
|
|
|
|
|
| Compensation Actually Paid vs. Company Selected Measure |
The following table illustrates the value of our CEO and other NEOs’ CAP and the Company’s SOI (Company-Selected Measure): COMPENSATION ACTUALLY PAID AND SOI |
|
|
|
|
| Total Shareholder Return Vs Peer Group |
The following table compares the Company’s TSR to the Peer Group TSR: COMPANY TSR AND PEER GROUP TSR | | | | | | | | | | | | | Company TSR | | Peer Group TSR |
|
|
|
|
|
| Tabular List, Table |
SOI •SOI Margin •Free Cash Flow •Adjusted Net Income •Cash Flow Return on Capital •Relative TSR versus Comparison Group
|
|
|
|
|
| Total Shareholder Return Amount |
$ 80.29
|
82.49
|
131.26
|
93.03
|
195.42
|
| Peer Group Total Shareholder Return Amount |
79.56
|
68.86
|
88.96
|
89.00
|
120.99
|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest |
$ (1,700,000,000)
|
$ 35,000,000
|
$ (731,000,000)
|
$ 202,000,000
|
$ 780,000,000
|
| Company Selected Measure Amount |
1,057,000,000
|
1,302,000,000
|
943,000,000
|
1,274,000,000
|
1,288,000,000
|
| PEO Name |
Mark Stewart
|
|
Richard Kramer
|
Richard Kramer
|
Richard Kramer
|
| Additional 402(v) Disclosure |
Service cost is actuarially determined for services rendered during the covered year.There were no plan amendments or initiations during the covered year.For Mr. Stewart in 2025, the value includes the fair value of the 2025 RSU awards, the portion of the 2024-2025 PSU replacement award related to the one-year 2025 performance period, the portion of the 2024-2026 PSU award related to the one-year 2025 performance period, and the portions of the 2025-2027 PSU award related to the one-year 2025 performance period and three-year performance period ending December 31, 2027.For Mr. Stewart in 2025, the value includes the change in fair value of 2/3 of the 2024 RSU award, 1/2 of the 2024-2025 PSU award with respect to the 2024 performance period, and the portions of the 2024-2026 PSU award related to the one-year 2024 performance period and three-year performance period ending December 31, 2026. The values do not necessarily correspond to the actual value that will be received by Mr. Stewart upon vesting. For Mr. Stewart in 2025, there were no awards granted and vested in the covered year.For Mr. Stewart in 2025, the value includes the one-year 2024 RSU award, 1/3 of the 2024 RSU award, and the one-year 2024 PSU replacement award.Service cost is actuarially determined for services rendered during the covered year.There were no plan amendments or initiations during the covered year. For 2025, the value includes the fair value of the 2025 RSU awards, the portions of the 2025-2027 PSU award related to the one-year 2025 performance period and three-year performance period ending December 31, 2027, the portion of the 2024-2026 PSU award related to the one-year 2025 performance period, and 1/3 of the 2023-2025 PSU award with respect to the one-year 2025 performance period. The values do not necessarily correspond to the actual value that will be received by the executive officers upon vesting. For 2025, the value includes the change in fair value of 2/3 of the 2024 RSU awards, the full 2023 RSU awards and the portions of the 2024-2026 PSU award related to the one-year 2024 performance period and three-year performance period ending December 31, 2026. The values do not necessarily correspond to the actual value that will be received by the executive officers upon vesting. For 2025, the value includes 1/3 of the 2023-2025 PSU award with respect to the 2025 performance period. For 2025, the value includes 1/3 of the 2024 RSU award, the full 2022 RSU award, and 2/3 of the 2023-2025 PSU award with respect to the 2023 and 2024 performance periods. The figures in this column have been updated to reflect revisions to our previously issued 2022, 2023 and 2024 annual and interim financial statements. The Pay versus Performance Table demonstrates the strong link between Compensation Actually Paid (CAP) and Company performance. The items listed below represent the most important financial metrics we used to determine executive compensation for 2025 as further described in our Compensation Discussion and Analysis within the sections titled “Annual Compensation” and “Long-Term Compensation.”
|
|
|
|
|
| Measure:: 1 |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Name |
SOI
|
|
|
|
|
| Non-GAAP Measure Description |
We determined total segment operating income (SOI) to be the most important financial performance measure used to link company performance to Compensation Actually Paid to our NEOs in 2025 and 2024. Total Segment Operating Income is the sum of the individual strategic business units’ (SBUs’) Segment Operating Income as determined in accordance with U.S. GAAP. This performance measure may not have been the most important financial performance measure for prior years, and we may determine a different financial performance measure to be the most important financial performance measure in future years.
|
|
|
|
|
| Measure:: 2 |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Name |
SOI Margin
|
|
|
|
|
| Measure:: 3 |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Name |
Free Cash Flow
|
|
|
|
|
| Measure:: 4 |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Name |
Adjusted Net Income
|
|
|
|
|
| Measure:: 5 |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Name |
Cash Flow Return on Capital
|
|
|
|
|
| Measure:: 6 |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Name |
Relative TSR versus Comparison Group
|
|
|
|
|
| Mark Stewart [Member] |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| PEO Total Compensation Amount |
$ 14,602,389
|
$ 25,789,964
|
|
|
|
| PEO Actually Paid Compensation Amount |
16,345,262
|
$ 21,086,164
|
|
|
|
| PEO Name |
|
Mark Stewart
|
|
|
|
| Richard Kramer [Member] |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| PEO Total Compensation Amount |
|
$ 18,256,958
|
$ 14,740,302
|
$ 10,317,348
|
$ 21,415,578
|
| PEO Actually Paid Compensation Amount |
|
$ 10,045,072
|
$ 16,802,641
|
$ (11,700,294)
|
$ 39,794,054
|
| PEO Name |
|
Richard Kramer
|
|
|
|
| PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
0
|
|
|
|
|
| PEO | Pension Adjustments Service Cost |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
0
|
|
|
|
|
| PEO | Pension Adjustments Prior Service Cost |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
0
|
|
|
|
|
| PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
(7,128,093)
|
|
|
|
|
| PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
7,183,606
|
|
|
|
|
| PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
1,051,090
|
|
|
|
|
| PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
0
|
|
|
|
|
| PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
636,270
|
|
|
|
|
| PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
0
|
|
|
|
|
| PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
0
|
|
|
|
|
| PEO | Aggregate Grant Date Fair Value of Option Award Amounts Reported In Summary Compensation Table [Member] |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
0
|
|
|
|
|
| PEO | Incremental Fair Value Of Awards Modified During The Covered Year [Member] |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
0
|
|
|
|
|
| Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
(452,830)
|
|
|
|
|
| Non-PEO NEO | Pension Adjustments Service Cost |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
161,769
|
|
|
|
|
| Non-PEO NEO | Pension Adjustments Prior Service Cost |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
0
|
|
|
|
|
| Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
(1,153,546)
|
|
|
|
|
| Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
980,402
|
|
|
|
|
| Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
(101,595)
|
|
|
|
|
| Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
73,748
|
|
|
|
|
| Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
8,800
|
|
|
|
|
| Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
0
|
|
|
|
|
| Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
0
|
|
|
|
|
| Non-PEO NEO | Aggregate Grant Date Fair Value of Option Award Amounts Reported In Summary Compensation Table [Member] |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
$ 0
|
|
|
|
|
