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OTHER CURRENT AND NON-CURRENT ASSETS | 12 Months Ended
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Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
OTHER CURRENT AND NON-CURRENT ASSETS | OTHER CURRENT AND NON-CURRENT ASSETS Additional detail related to assets is presented below:
| December 31,
(in millions) | 2023 |  | 2022
Prepayments and other current assets: |  |  |
Prepaid tooling | $ | 89 |  |  | $ | 77 |
Prepaid taxes | 38 |  |  | 33 |
Derivative instruments | 32 |  |  | 12 |
Customer incentive payments (Note 3) | 27 |  |  | 34 |
Contract assets (Note 3) | 18 |  |  | 14 |
Prepaid insurance | 10 |  |  | 10 |
Other | 47 |  |  | 50 |
Total prepayments and other current assets | $ | 261 |  |  | $ | 230 |
Investments and long-term receivables: |  |  |
Investment in equity affiliates | $ | 237 |  |  | $ | 235 |
Investment in equity securities | 71 |  |  | 73 |
Long-term receivables | 56 |  |  | 56 |
Investment in debt securities | — |  |  | 455 |
Total investments and long-term receivables | $ | 364 |  |  | $ | 819 |
Other non-current assets: |  |  |
Deferred income taxes (Note 7) | $ | 257 |  |  | $ | 179 |
Operating leases (Note 22) | 143 |  |  | 106 |
Customer incentive payments (Note 3) | 58 |  |  | 99 |
Derivative instruments | 15 |  |  | 68 |
Other | 39 |  |  | 37 |
Total other non-current assets | $ | 512 |  |  | $ | 489 |

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- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
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