Investments in Affiliates	6 Months Ended
Jun. 30, 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-consolidated 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 $149 million and $143 million as of June 30, 2026 and December 31, 2025, respectively. No dividends were received from non-consolidated affiliates for the three months ended June 30, 2026. Dividends of $8 million for the three months ended June 30, 2025 were received from non-consolidated affiliates. Dividends of $2 million and $8 million for the six months ended June 30, 2026 and June 30, 2025, respectively, were received from these non-consolidated affiliates. There were no impairment charges recorded for the three and six months ended June 30, 2026 and 2025. The Company monitors its investments in affiliates for indicators of other-than-temporary declines in value on an ongoing basis. If the Company determines that such a decline has occurred, an impairment loss is recorded, which is measured as the difference between carrying value and estimated fair value. Estimated fair value is generally determined using an income approach based on discounted cash flows or negotiated transaction values.

Investments in Affiliates

6 Months Ended

Jun. 30, 2026

Equity Method Investments and Joint Ventures [Abstract]

6. INVESTMENTS IN AFFILIATES

Equity Method Investments

As part of Versigent’s operations, it has investments in two non-consolidated 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 $149 million and $143 million as of June 30, 2026 and December 31, 2025, respectively. No dividends were received from non-consolidated affiliates for the three months ended June 30, 2026. Dividends of $8 million for the three months ended June 30, 2025 were received from non-consolidated affiliates. Dividends of $2 million and $8 million for the six months ended June 30, 2026 and June 30, 2025, respectively, were received from these non-consolidated affiliates. There were no impairment charges recorded for the three and six months ended June 30, 2026 and 2025.

The Company monitors its investments in affiliates for indicators of other-than-temporary declines in value on an ongoing basis. If the Company determines that such a decline has occurred, an impairment loss is recorded, which is measured as the difference between carrying value and estimated fair value. Estimated fair value is generally determined using an income approach based on discounted cash flows or negotiated transaction values.