Investments in Affiliates |
3 Months Ended |
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Mar. 31, 2026 | |
| Equity Method Investments and Joint Ventures [Abstract] | |
| Investments in Affiliates | 6. INVESTMENTS IN AFFILIATES Equity Method Investments As part of Versigent’s operations, it has investments in two non-combined affiliates accounted for under the equity method of accounting. These affiliates are not publicly traded companies and are located in North America and Asia Pacific. The most significant investment is in Promotora de Partes Electricas Automotrices, S.A. de C.V. (of which Versigent owns approximately 40%). The Company’s aggregate investments in affiliates was $142 million and $143 million as of March 31, 2026 and December 31, 2025, respectively. Dividends of $2 million for the three months ended March 31, 2026 have been received from these non-combined affiliates. There were no dividends received from these non-combined affiliates for the three months ended March 31, 2025. There were no impairment charges recorded for the three months ended March 31, 2026 and 2025.
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