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Other Assets | 3 Months Ended
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Mar. 31, 2020
Other Assets [Abstract] |
Other Assets Disclosure [Text Block] | Other Assets Other current assets are comprised of the following components:
| March 31 |  | December 31
(In millions) | 2020 |  | 2019
Recoverable taxes | $ | 62 |  |  | $ | 61 |
Prepaid assets and deposits | 30 |  |  | 22 |
Joint venture receivables | 28 |  |  | 41 |
Contractually reimbursable engineering costs | 25 |  |  | 29 |
China bank notes | 19 |  |  | 16 |
Royalty agreements | 10 |  |  | 17 |
Other | 3 |  |  | 7 |
| $ | 177 |  |  | $ | 193 |
The Company sold $27 million and $23 million of China bank notes during the three months ended March 31, 2020 and 2019 respectively. 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. As of March 31, 2020, $24 million remains outstanding and will mature by the end of the third quarter of 2020. Other non-current assets are comprised of the following components:
| March 31 |  | December 31
(In millions) | 2020 |  | 2019
Deferred tax assets | $ | 56 |  |  | $ | 59 |
Contractually reimbursable engineering costs | 33 |  |  | 24 |
Recoverable taxes | 21 |  |  | 28 |
Royalty agreements | 14 |  |  | 11 |
Joint venture notes receivables | 6 |  |  | 8 |
Other | 20 |  |  | 20 |
| $ | 150 |  |  | $ | 150 |
During 2019, the Company amended royalty agreements with certain suppliers as part of cost reduction efforts. As of March 31, 2020, $10 million was recorded in other current assets and $14 million in other non-current assets, with an offsetting amount of $14 million in accounts payable and $7 million in other non-current liabilities relating to these agreements. The Company recorded $4 million of royalty expense during the three months ended March 31, 2020 associated with such arrangements. Current and non-current contractually reimbursable engineering costs 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 $19 million during the remainder of 2020, $15 million in 2021, $14 million in 2022, $3 million in 2023 and $7 million in 2024 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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