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Non-Consolidated Affiliates
 9 Months Ended
Sep. 30, 2021
Related Party Transactions [Abstract]  
Non-Consolidated Affiliates Non-Consolidated Affiliates
Investments in Affiliates

The Company's investments in non-consolidated equity method affiliates include the following:

September 30,December 31,
(In millions)20212020
Yanfeng Visteon Investment Co., Ltd. ("YFVIC") (50%)
$34 $50 
Other
15 10 
Total investments in non-consolidated affiliates
$49 $60 

Variable Interest Entities
The Company evaluates whether joint ventures in which it has invested are Variable Interest Entities (“VIE”) at the start of each new venture and when a reconsideration event has occurred. The Company consolidates a VIE if it is determined to be the primary beneficiary of the VIE having both the power to direct the activities of the VIE that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE.
The Company determined that YFVIC is a VIE. The Company holds a variable interest in YFVIC primarily related to its ownership interests and subordinated financial support. The Company and Yangfeng Automotive Trim Systems Co. Ltd. ("YF") each own 50% of YFVIC and neither entity has the power to control the operations of YFVIC; therefore, the Company is not the primary beneficiary of YFVIC and does not consolidate the joint venture.
The Company's investments in YFVIC consists of the following:
September 30,December 31,
(In millions)20212020
Payables due to YFVIC
$11 $9 
Exposure to loss in YFVIC:
Investment in YFVIC
$34 $50 
Receivables due from YFVIC
36 53 
Subordinated loan receivable from YFVIC
— 6 
    Maximum exposure to loss in YFVIC
$70 $109 
During the nine months ended 2021, YFVIC declared and made a $16 million dividend to the Company.
Equity Investments

In 2018, the Company committed to make a $15 million investment in two funds managed by venture capital firms principally focused on the automotive sector pursuant to limited partnership agreements. As a limited partner in each fund, the Company will periodically make capital contributions toward this total commitment amount. As of September 30, 2021, the Company has contributed a total of $7 million toward the aggregate investment commitments. These limited partnerships are classified as equity method investments.