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Segment Information (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Schedule of Net Sales Attributed to Geographic Areas

NET SALES BY REGION (Dollars in millions)

 

2024

 

 

2023

 

 

2022

 

China

 

$

2,010

 

 

$

2,105

 

 

$

1,883

 

Asia, excl. China

 

 

2,010

 

 

 

1,968

 

 

 

1,638

 

Americas

 

 

3,424

 

 

 

3,526

 

 

 

2,967

 

Europe

 

 

2,946

 

 

 

2,877

 

 

 

2,355

 

Total

 

$

10,390

 

 

$

10,475

 

 

$

8,842

 

Schedule of Net Sales By Product

NET SALES BY PRODUCT (Dollars in millions)

 

2024

 

 

2023

 

 

2022

 

Airbag, Steering Wheels1)

 

$

7,023

 

 

$

7,055

 

 

$

5,807

 

Seatbelt Products1)

 

 

3,367

 

 

 

3,420

 

 

 

3,035

 

Total net sales

 

$

10,390

 

 

$

10,475

 

 

$

8,842

 

1) Including Corporate and Other sales.

Schedule of Long-Lived Assets

LONG-LIVED ASSETS (Dollars in millions)

 

2024

 

 

2023

 

China

 

$

621

 

 

$

592

 

Asia, excl China

 

 

438

 

 

 

408

 

Americas

 

 

541

 

 

 

570

 

Europe

 

 

797

 

 

 

797

 

Total

 

$

2,397

 

 

$

2,367

 

Schedule of Significant Segment Expenses / Income

Significant segment expenses / income (Dollars in millions)

 

2024

 

 

2023

 

 

2022

 

Total direct costs

 

$

(7,050

)

 

$

(7,208

)

 

$

(6,142

)

Total production overhead costs

 

 

(1,413

)

 

 

(1,446

)

 

 

(1,304

)

Cost of sales

 

 

(8,463

)

 

 

(8,654

)

 

 

(7,446

)

 

 

 

 

 

 

 

 

 

 

Research, development and engineering expenses (gross)

 

 

(612

)

 

 

(618

)

 

 

(595

)

Engineering income

 

 

214

 

 

 

193

 

 

 

205

 

Research, development and engineering expenses, net

 

 

(398

)

 

 

(425

)

 

 

(390

)