v3.26.1
OTHER ASSETS
 3 Months Ended
Mar. 31, 2026
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)
20262025
Prepayments and other current assets:
Prepaid tooling$114 $109 
Prepaid taxes104 105 
Derivative instruments (Note 16)20 18 
Contract assets (Note 4)15 15 
Customer incentive payments (Note 4)13 7 
Other78 59 
Total prepayments and other current assets$344 $313 
Investments and long-term receivables:
Investment in equity affiliates$251 $251 
Investment in equity securities58 59 
Long-term receivables34 47 
Total investments and long-term receivables$343 $357 
Other non-current assets:
Deferred income taxes$564 $556 
Operating leases184 151 
Customer incentive payments (Note 4)31 22 
Derivative instruments (Note 16)27 27 
Other83 82 
Total other non-current assets$889 $838