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REPORTABLE SEGMENTS AND RELATED INFORMATION (Tables) | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
Schedule of Net Sales and Total Assets by Reporting Segment | The following tables show segment information and Segment Adjusted Operating Income (Loss) for the Company’s reportable segments: Net Sales by Reportable Segment
| Three Months Ended September 30, 2023 |  | Nine Months Ended September 30, 2023
(in millions) | Customers |  | Inter-segment |  | Net |  | Customers |  | Inter-segment |  | Net
Air Management | $ | 1,922 |  |  | $ | 23 |  |  | $ | 1,945 |  |  | $ | 5,888 |  |  | $ | 63 |  |  | $ | 5,951 |
Drivetrain & Battery Systems | 1,144 |  |  | 1 |  |  | 1,145 |  |  | 3,216 |  |  | 2 |  |  | 3,218 |
ePropulsion | 556 |  |  | 15 |  |  | 571 |  |  | 1,572 |  |  | 52 |  |  | 1,624 |
Inter-segment eliminations | — |  |  | (39) |  |  | (39) |  |  | — |  |  | (117) |  |  | (117) |
Net sales | $ | 3,622 |  |  | $ | — |  |  | $ | 3,622 |  |  | $ | 10,676 |  |  | $ | — |  |  | $ | 10,676 |
| Three Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2022
(in millions) | Customers |  | Inter-segment |  | Net |  | Customers |  | Inter-segment |  | Net
Air Management | $ | 1,827 |  |  | $ | 16 |  |  | $ | 1,843 |  |  | $ | 5,283 |  |  | $ | 45 |  |  | $ | 5,328 |
Drivetrain & Battery Systems | 954 |  |  | — |  |  | 954 |  |  | 2,745 |  |  | — |  |  | 2,745 |
ePropulsion | 445 |  |  | 44 |  |  | 489 |  |  | 1,290 |  |  | 71 |  |  | 1,361 |
Inter-segment eliminations | — |  |  | (60) |  |  | (60) |  |  | — |  |  | (116) |  |  | (116) |
Net sales | $ | 3,226 |  |  | $ | — |  |  | $ | 3,226 |  |  | $ | 9,318 |  |  | $ | — |  |  | $ | 9,318 |
Total Assets of Continuing Operations by Reportable Segment
(in millions) | September 30, 2023 |  | December 31, 2022
Air Management | $ | 5,559 |  |  | $ | 5,329 |
Drivetrain & Battery Systems | 3,954 |  |  | 3,963 |
ePropulsion | 2,847 |  |  | 2,349 |
Total | 12,360 |  |  | 11,641 |
Corporate | 1,744 |  |  | 1,691 |
Consolidated | $ | 14,104 |  |  | $ | 13,332 |
Schedule of Segment Earnings Before Interest and Income Taxes | Segment Adjusted Operating Income (Loss)
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) | 2023 |  | 2022 |  | 2023 |  | 2022
Air Management | $ | 294 |  |  | $ | 291 |  |  | $ | 884 |  |  | $ | 793 |
Drivetrain & Battery Systems | 147 |  |  | 103 |  |  | 400 |  |  | 330 |
ePropulsion | (20) |  |  | (33) |  |  | (74) |  |  | (89) |
Segment Adjusted Operating Income | 421 |  |  | 361 |  |  | 1,210 |  |  | 1,034 |
Corporate, including stock-based compensation | 72 |  |  | 61 |  |  | 194 |  |  | 198 |
Restructuring expense (Note 5) | 56 |  |  | 5 |  |  | 68 |  |  | 42 |
Intangible asset amortization expense | 17 |  |  | 16 |  |  | 51 |  |  | 52 |
Merger and acquisition expense, net | 3 |  |  | 5 |  |  | 22 |  |  | 13 |
Service and lease agreement termination | — |  |  | — |  |  | 9 |  |  | — |
Loss (gain) on sale of business | — |  |  | 9 |  |  | (5) |  |  | (15) |
Gain on sale of assets | (7) |  |  | — |  |  | (13) |  |  | — |
Other non-comparable items | 8 |  |  | — |  |  | 5 |  |  | — |
Equity in affiliates’ earnings, net of tax | (10) |  |  | (5) |  |  | (23) |  |  | (21) |
Realized and unrealized loss (gain) on debt and equity securities | 60 |  |  | (1) |  |  | 129 |  |  | 27 |
Interest (income) expense, net | (19) |  |  | 12 |  |  | 3 |  |  | 41 |
Other postretirement expense (income) | 3 |  |  | (1) |  |  | 8 |  |  | (2) |
Earnings from continuing operations before income taxes and noncontrolling interest | 238 |  |  | 260 |  |  | 762 |  |  | 699 |
Provision for income taxes | 133 |  |  | 68 |  |  | 230 |  |  | 177 |
Net earnings from continuing operations | $ | 105 |  |  | $ | 192 |  |  | $ | 532 |  |  | $ | 522 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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