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Investments in Affiliates (Tables)

9 Months Ended

Sep. 30, 2022

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments

Accordingly, summarized interim income statement information of Motional is presented below:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2022						2021						2022						2021
			(in millions)												(in millions)
Net sales			$	—					$	—					$	—					$	—
Gross margin			$	(94)					$	(73)					$	(280)					$	(224)
Net loss			$	(139)					$	(112)					$	(419)					$	(312)

Investment Holdings, Schedule of Investments

The following is a summary of technology investments, which are classified within other long-term assets in the consolidated balance sheets, as of September 30, 2022 and December 31, 2021:

Investment Name						Segment															September 30, 2022						December 31, 2021
																					(in millions)
Equity investments without readily determinable fair values:
StradVision, Inc.						Advanced Safety and User Experience															$	40					$	—
LeddarTech, Inc.						Advanced Safety and User Experience															19						19
Quanergy Systems, Inc. (1)						Advanced Safety and User Experience															—						6
Other investments						Various															6						5
Total equity investments without readily determinable fair values																					65						30
Publicly traded equity securities:
Smart Eye AB						Advanced Safety and User Experience															3						11
Otonomo Technologies Ltd.						Advanced Safety and User Experience															3						39
Valens Semiconductor Ltd.						Signal and Power Solutions															9						16
Total publicly traded equity securities																					15						66
Total investments															$	80					$	96

(1)Quanergy Systems, Inc. experienced a change in measurement basis due to an underlying transaction during the nine months ended September 30, 2022 and we liquidated our entire investment in the company after the transaction and during the nine months ended September 30, 2022. See below for further details on the transaction.

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- Definition

Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

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- Definition

Tabular disclosure of data and information required in the supplementary schedule applicable to management investment companies listing holdings of unaffiliated investments.

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