v3.26.1
OTHER ASSETS (Tables)
 6 Months Ended
Jun. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Additional Related Assets
Additional detail related to assets is presented below:
June 30,December 31,
(in millions)
20262025
Prepayments and other current assets:
Prepaid tooling$97 $109 
Prepaid taxes88 105 
Contract assets (Note 4)37 15 
Derivative instruments (Note 16)32 18 
Customer incentive payments (Note 4)15 7 
Prepaid deferred engineering12 1 
Prepaid insurance12 11 
Other59 47 
Total prepayments and other current assets$352 $313 
Investments and long-term receivables:
Investment in equity affiliates$235 $251 
Investment in equity securities65 59 
Long-term receivables20 47 
Total investments and long-term receivables$320 $357 
Other non-current assets:
Deferred income taxes$557 $556 
Operating leases188 151 
Customer incentive payments (Note 4)42 22 
Derivative instruments (Note 16)32 27 
Other85 82 
Total other non-current assets$904 $838