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Other Non-Current Assets
 12 Months Ended
Dec. 31, 2024
Other Assets, Noncurrent [Abstract]  
Other Non-Current Assets

8. Other Non-Current Assets

 

(Dollars in millions)

 

December 31,

 

 

 

2024

 

 

2023

 

Equity method investments

 

$

13

 

 

$

11

 

Deferred tax assets

 

 

412

 

 

 

433

 

Income tax receivables

 

 

19

 

 

 

22

 

Insurance receivables

 

 

44

 

 

 

75

 

Other non-current assets

 

 

60

 

 

 

66

 

Total other non-current assets

 

$

548

 

 

$

606

 

 

As of December 31, 2024 and 2023, the Company had one equity method investment. The Company owns 49% of Autoliv-Hirotako Safety Sdn, Bhd (parent and subsidiaries) in Malaysia which it currently does not control, but in which it exercises significant influence over operations and financial position.