v3.26.1
Note 17 - Segments (Tables)
6 Months Ended
Jun. 30, 2026
Notes Tables  
Segment Reporting [Table Text Block]
  

Light

  

Commercial

         

Three months ended June 30, 2026

 

Vehicle

  

Vehicle

  

Corporate

  

Total

 

External sales

 $1,379  $631      $2,010 

Inter-segment sales

  26   17       43 
   1,405   648       2,053 

Reconciliation of sales

                

Elimination of inter-segment sales

              (43)

Total consolidated sales

             $2,010 

Less:

                

Cost of sales

  1,215   538         

Selling, general and administrative expenses

  41   38         

Other segment items (a)

  (6)  (4)        

Segment EBITDA

 $143  $68      $211 
                 

Purchases of property, plant and equipment

 $42  $97  $3  $142 

Segment net assets (b) - June 30, 2026

 $573  $465  $(72) $966 
  

Light

  

Commercial

         

Three months ended June 30, 2025

 

Vehicle

  

Vehicle

  

Corporate

  

Total

 

External sales

 $1,335  $600      $1,935 

Inter-segment sales

  35   19       54 
   1,370   619       1,989 

Reconciliation of sales

                

Elimination of inter-segment sales

              (54)

Total consolidated sales

             $1,935 

Less:

                

Cost of sales

  1,218   536         

Selling, general and administrative expenses

  42   34         

Other segment items (a)

  2   (2)        

Segment EBITDA

 $112  $47      $159 
                 

Purchases of property, plant and equipment

 $30  $4  $3  $37 

Segment net assets (b) - December 31, 2025

 $465  $471  $(88) $848 
  

Light

  

Commercial

         

Six months ended June 30, 2026

 

Vehicle

  

Vehicle

  

Corporate

  

Total

 

External sales

 $2,648  $1,230      $3,878 

Inter-segment sales

  52   32       84 
   2,700   1,262       3,962 

Reconciliation of sales

                

Elimination of inter-segment sales

              (84)

Total consolidated sales

             $3,878 

Less:

                

Cost of sales

  2,359   1,051         

Selling, general and administrative expenses

  79   74         

Other segment items (a)

  (7)  (6)        

Segment EBITDA

 $255  $131      $386 
                 

Purchases of property, plant and equipment

 $89  $108  $7  $204 
  

Light

  

Commercial

         

Six months ended June 30, 2025

 

Vehicle

  

Vehicle

  

Corporate

  

Total

 

External sales

 $2,548  $1,168      $3,716 

Inter-segment sales

  71   42       113 
   2,619   1,210       3,829 

Reconciliation of sales

                

Elimination of inter-segment sales

              (113)

Total consolidated sales

             $3,716 

Less:

                

Cost of sales

  2,356   1,052         

Selling, general and administrative expenses

  85   69         

Other segment items (a)

  2   (1)        

Segment EBITDA

 $180  $88      $268 
                 

Purchases of property, plant and equipment

 $79  $16  $9  $104 
Segment Reporting, Reconciliation of Profit (Loss) by Segment to Consolidated [Table Text Block]
  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2026

  

2025

  

2026

  

2025

 

Segment EBITDA

 $211  $159  $386  $268 

Corporate expense and other items, net

  (4)  (12)  (8)  (28)

Depreciation

  (82)  (89)  (166)  (171)

Amortization

  (2)  (3)  (5)  (6)

Non-service cost components of pension and OPEB costs

  (3)  (2)  (4)  (4)

Restructuring charges, net

  (9)  (11)  (15)  (13)

Stock compensation expense

  (8)  (10)  (19)  (23)

Strategic transaction expenses

  (19)  (5)  (20)  (6)

Gain on sale of property, plant and equipment

           1 

Supplier capacity charge adjustment

           19 

Amounts attributable to previously closed/divested operations

  (1)     (1)   

Distressed supplier costs

  (2)     (2)   

Loss on divestiture of ownership interests

     (7)  (8)  (7)

Electric vehicle program termination charges

  (8)     (64)   

Foreign exchange gain on unhedged intercompany loans

  2      23    

Other items

  1   (4)  (2)  (6)

Earnings from continuing operations before interest and income taxes

  76   16   95   24 

Loss on extinguishment of debt

        (7)   

Interest income

  4   3   10   5 

Interest expense

  21   44   43   83 

Earnings (loss) from continuing operations before income taxes

 $59  $(25) $55  $(54)
Segment Reporting, Reconciliation of Asset by Segment to Consolidated [Table Text Block]
  June 30,   December 31, 
  

2026

  

2025

 

Segment net assets

 $966  $848 

Accounts payable

  1,301   1,154 

Cash and cash equivalents

  331   469 

Accounts receivable - Other

  286   254 

Other current assets

  285   114 

Current assets of disposal group held for sale

  36   1,029 

Intangibles

  58   71 

Deferred tax assets

  495   534 

Other noncurrent assets

  114   102 

Investment in affiliates

  112   102 

Operating lease assets

  166   305 

Property, plant and equipment, net

  1,942   1,872 

Noncurrent assets of disposal group held for sale

  21   954 

Total assets

 $6,113  $7,808