v3.25.4

OTHER CURRENT AND NON-CURRENT ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Schedule of Additional Related Assets | Additional detail related to assets is presented below:
| December 31,
(in millions) | 2025 |  | 2024
Prepayments and other current assets: |  |  |
Prepaid tooling | $ | 109 |  |  | $ | 107 |
Prepaid taxes | 105 |  |  | 98 |
Derivative instruments | 18 |  |  | 19 |
Contract assets (Note 3) | 15 |  |  | 15 |
Prepaid insurance | 11 |  |  | 11 |
Other | 55 |  |  | 83 |
Total prepayments and other current assets | $ | 313 |  |  | $ | 333 |
Investments and long-term receivables: |  |  |
Investment in equity affiliates | $ | 251 |  |  | $ | 245 |
Investment in equity securities | 59 |  |  | 70 |
Long-term receivables | 47 |  |  | 41 |
Total investments and long-term receivables | $ | 357 |  |  | $ | 356 |
Other non-current assets: |  |  |
Deferred income taxes (Note 7) | $ | 556 |  |  | $ | 359 |
Operating leases (Note 22) | 151 |  |  | 177 |
Derivative instruments | 27 |  |  | 89 |
Customer incentive payments (Note 3) | 22 |  |  | 23 |
Other | 82 |  |  | 62 |
Total other non-current assets | $ | 838 |  |  | $ | 710 |

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