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OTHER ASSETS | 3 Months Ended
--- | ---
Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
OTHER ASSETS | OTHER ASSETS Additional detail related to assets is presented below:
| March 31, |  | December 31,
(in millions) | 2024 |  | 2023
Prepayments and other current assets: |  |  |
Prepaid tooling | $ | 86 |  |  | $ | 89 |
Derivative instruments | 53 |  |  | 32 |
Prepaid taxes | 49 |  |  | 38 |
Customer incentive payments (Note 4) | 26 |  |  | 27 |
Contract assets (Note 4) | 16 |  |  | 18 |
Prepaid insurance | 7 |  |  | 10 |
Other | 61 |  |  | 47 |
Total prepayments and other current assets | $ | 298 |  |  | $ | 261 |
Investments and long-term receivables: |  |  |
Investment in equity affiliates | $ | 241 |  |  | $ | 237 |
Investment in equity securities | 69 |  |  | 71 |
Long-term receivables | 55 |  |  | 56 |
Total investments and long-term receivables | $ | 365 |  |  | $ | 364 |
Other non-current assets: |  |  |
Deferred income taxes | $ | 256 |  |  | $ | 257 |
Operating leases | 137 |  |  | 143 |
Customer incentive payments (Note 4) | 47 |  |  | 58 |
Derivative instruments | 37 |  |  | 15 |
Other | 40 |  |  | 39 |
Total other non-current assets | $ | 517 |  |  | $ | 512 |

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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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