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Other Assets
 9 Months Ended
Sep. 30, 2021
Other Assets [Abstract]  
Other Assets Other Assets
Other current assets are comprised of the following components:
September 30,December 31,
(In millions)20212020
 Recoverable taxes
$52 $52 
 Joint venture receivables
37 53 
 Contractually reimbursable engineering costs
34 31 
 Prepaid assets and deposits
24 18 
Royalty agreements4 7 
China bank notes— 15 
 Other
5 4 
$156 $180 

The Company receives bank notes from certain customers in China to settle trade accounts receivable. 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. The Company redeemed $114 million and $104 million of China bank notes during the nine months ended September 30, 2021 and 2020, respectively. Remaining amounts outstanding at third-party institutions related to sold bank notes will mature by the end of the first quarter of 2022.
Other non-current assets are comprised of the following components:
September 30,December 31,
(In millions)20212020
Deferred tax assets$54 $55 
Contractually reimbursable engineering costs35 31 
Recoverable taxes11 21 
Royalty agreements2 8 
Joint venture notes receivable— 7 
 Other
15 13 
$117 $135 
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 $10 million during the remainder of 2021, $31 million in 2022, $18 million in 2023, $6 million in 2024 and $4 million in 2025 and beyond.