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Other Assets | 3 Months Ended
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Mar. 31, 2018
Other Assets [Abstract] |
Other Assets Disclosure [Text Block] | Other Assets Other current assets are comprised of the following components:
| March 31 |  | December 31
| 2018 |  | 2017
| (Dollars in Millions)
Recoverable taxes | $ | 52 |  |  | $ | 56 |
Prepaid assets and deposits | 48 |  |  | 36 |
Joint venture receivables | 31 |  |  | 43 |
Notes receivable | 30 |  |  | 23 |
Contractually reimbursable engineering costs | 26 |  |  | 14 |
Foreign currency hedges | 4 |  |  | 1 |
Other | 3 |  |  | 2 |
| $ | 194 |  |  | $ | 175 |
The Company receives bank notes from certain of its customers in China to settle trade accounts receivable. The Company may hold such bank notes until maturity, exchange them with suppliers to settle liabilities, or sell them to third party financial institutions in exchange for cash. The Company has entered into arrangements with financial institutions to sell certain bank notes, generally maturing within nine months. Notes are sold with recourse, but qualify as a sale as all rights to the notes have passed to the financial institution. The Company sold $10 million during the three months ended March 31, 2018 to financial institutions, $4 million of which remains outstanding and will mature no later than the third quarter of 2018. The collection of such bank notes are included in operating cash flows based on the substance of the underlying transactions, which are operating in nature. Other non-current assets are comprised of the following components:
| March 31 |  | December 31
| 2018 |  | 2017
| (Dollars in Millions)
Deferred tax assets | $ | 47 |  |  | $ | 46 |
Recoverable taxes | 36 |  |  | 35 |
Contractually reimbursable engineering costs | 34 |  |  | 24 |
Joint venture receivables | 24 |  |  | 26 |
Long term notes receivable | 10 |  |  | 10 |
Other | 10 |  |  | 10 |
| $ | 161 |  |  | $ | 151 |
In conjunction with the Interiors Divestiture, the Company entered into a three year term loan with the buyer for $10 million, which matures on December 1, 2019. Current and non-current contractually reimbursable engineering costs of $26 million and $34 million, respectively, as of March 31, 2018, and $14 million and $24 million, respectively, as of December 31, 2017, are related to pre-production design and development costs incurred pursuant to long-term supply arrangements that are contractually guaranteed for reimbursement by customers. The Company expects to receive cash reimbursement payments of approximately $21 million during the remainder of 2018, $31 million in 2019, $2 million in 2020, $2 million in 2021 and $4 million in 2022 and beyond.

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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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