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OTHER CURRENT AND NON-CURRENT LIABILITIES (Tables) | 12 Months Ended
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Dec. 31, 2024
Other Liabilities Disclosure [Abstract] |
Schedule of Additional Details Related to Other Liabilities | Additional detail related to liabilities is presented in the table below:
| December 31,
(in millions) | 2024 |  | 2023
Other current liabilities: |  |  |
Payroll and employee related | $ | 361 |  |  | $ | 329 |
Customer related | 160 |  |  | 124 |
Indirect taxes | 117 |  |  | 121 |
Income taxes payable | 115 |  |  | 103 |
Product warranties (Note 13) | 88 |  |  | 91 |
Operating leases (Note 22) | 38 |  |  | 37 |
Employee termination benefits (Note 4) | 31 |  |  | 61 |
Interest | 31 |  |  | 26 |
Derivative instruments | 27 |  |  | 3 |
Supplier related | 26 |  |  | 16 |
Accrued freight | 22 |  |  | 26 |
Government grants | 22 |  |  | 3 |
Insurance | 18 |  |  | 16 |
Contract liabilities (Note 3) | 13 |  |  | 18 |
Other non-income taxes | 12 |  |  | 12 |
Deferred engineering | 10 |  |  | 13 |
Retirement related (Note 18) | 10 |  |  | 11 |
Other | 115 |  |  | 138 |
Total other current liabilities | $ | 1,216 |  |  | $ | 1,148 |
Other non-current liabilities: |  |  |
Deferred income taxes (Note 7) | $ | 167 |  |  | $ | 160 |
Operating leases (Note 22) | 144 |  |  | 112 |
Product warranties (Note 13) | 127 |  |  | 105 |
Other income tax liabilities | 118 |  |  | 226 |
Deferred income | 88 |  |  | 83 |
Other | 97 |  |  | 81 |
Total other non-current liabilities | $ | 741 |  |  | $ | 767 |

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