v3.26.1
Other Assets
 6 Months Ended
Jun. 30, 2026
Other Assets [Abstract]  
Other Assets Other Assets
Other current assets are comprised of the following components:
June 30,December 31,
(In millions)20262025
 Recoverable taxes
$83 $56 
 Prepaid assets and deposits
25 28 
 Contractually reimbursable engineering costs
21 24 
 Joint venture receivables
8 10 
Contractual payments5 5 
 Other
16 7 
$158 $130 
Other non-current assets are comprised of the following components:
June 30,December 31,
(In millions)20262025
Contractual payments$155 $113 
Contractually reimbursable engineering costs26 16 
Recoverable taxes5 5 
Derivative financial instruments— 7 
 Other
43 48 
$229 $189 
Contractual payments represent certain amounts associated with commercial arrangements that are capitalized and subsequently recognized over the period to which they relate.

Current and non-current contractually reimbursable engineering costs are related to pre-production design and development costs incurred pursuant to long-term supply arrangements that are contractually guaranteed for reimbursement by customers. The Company expects to receive cash reimbursement payments of $12 million during the remainder of 2026, $25 million in 2027, $6 million in 2028, $2 million in 2029, and $2 million in 2030 and beyond.