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Investments (Tables)
 12 Months Ended
Dec. 31, 2019
Schedule of Investments
   
2019
   2018 
Equity method investments
[a]
  
$
1,107
 
  $1,862 
Private equity investments
  
 
95
 
   323 
Other
  
 
8
 
   4 
   
 
 
   
 
 
 
   
$
1,210
 
  $2,189 
   
 
 
   
 
 
 
Summary of Total financial Results of Equity Method Investees
A summary of the total financial results, as reported by the Company’s equity method investees, in the aggregate, at December 31 was as follows:
Summarized Balance Sheets
 
   
2019
   2018 
Current assets
  
$
1,680
 
  $1,914 
   
 
 
   
 
 
 
Non-current
assets
  
$
3,573
 
  $3,870 
   
 
 
   
 
 
 
Current liabilities
  
$
1,266
 
  $1,500 
   
 
 
   
 
 
 
Long-term liabilities
  
$
994
 
  $1,131 
   
 
 
   
 
 
 
Summarized Income Statements
 
   
2019
   2018 
Sales
  
$
4,142
 
  $5,133 
Cost of goods sold & expenses
  
 
3,949
 
   4,765 
   
 
 
   
 
 
 
Net income
  
$
193
 
  $368 
   
 
 
   
 
 
 
Equity Method Investments [Member]  
Ownership Percentages and Carrying Value Principal Equity Method Investments
[a]
The ownership percentages and carrying value
s
of the Company’s principal equity method investments at December 31 were as follows [in millions, except percentages]:
 
      
2019
   2018 
Litens Automotive Partnership
[i]
  
 
76.7
% 
 
$
212
 
  $188 
Getrag (Jiangxi) Transmission Co., Ltd
[i]
  
 
66.7
% 
 
$
540
 
  $1,107 
Getrag Ford Transmission GmbH
  
 
50.0
% 
 
$
100
 
  $268 
Dongfeng Getrag Transmission Co. Ltd [“DGT”]
[ii]
  
 
50.0
% 
 
$
47
 
  $72 
Hubei HAPM MAGNA Seating Systems Co., Ltd.
  
 
49.9
% 
 
$
113
 
  $117 
 
[i]
The Company accounts for its investments under the equity method of accounting as a result of significant participating rights that prevent control.
[ii]
DGT is a variable interest entity [“VIE”] and depends on the Company and the Dongfeng Motor Group Company for any additional cash needs. The Company cannot make key operating decisions considered to be most significant to the VIE, and is therefore not considered to be the primary beneficiary. The Company’s known maximum exposure to loss approximated the carrying value of our investment balance as at December 31, 2019.