XML 24 R11.htm IDEA: XBRL DOCUMENT
v3.24.2

Other Assets | 6 Months Ended
--- | ---
Jun. 30, 2024
Other Assets [Abstract] |
Other Assets | Other Assets Other current assets are comprised of the following components:
| June 30, |  | December 31,
(In millions) | 2024 |  | 2023
Recoverable taxes | $ | 50 |  |  | $ | 51 |
Contractually reimbursable engineering costs | 30 |  |  | 33 |
Joint venture receivables | 18 |  |  | 19 |
Prepaid assets and deposits | 18 |  |  | 24 |
Joint venture loan receivable | 5 |  |  | — |
Contractual payments | 2 |  |  | 3 |
Other | 4 |  |  | 4 |
| $ | 127 |  |  | $ | 134 |
Other non-current assets are comprised of the following components:
| June 30, |  | December 31,
(In millions) | 2024 |  | 2023
Contractual payments | $ | 25 |  |  | $ | 22 |
Contractually reimbursable engineering costs | 18 |  |  | 21 |
Recoverable taxes | 9 |  |  | 10 |
Derivative financial instruments | 9 |  |  | 1 |
Other | 22 |  |  | 21 |
| $ | 83 |  |  | $ | 75 |
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 2024, $19 million in 2025, $8 million in 2026, $1 million in 2027, and $1 million in 2028 and beyond.

X
- References No definition available. + Details
Name: | us-gaap_OtherAssetsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_OtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration