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Other Assets
6 Months Ended
Jun. 30, 2025
Other Assets [Abstract]  
Other Assets Other Assets
Other current assets are comprised of the following components:
June 30,December 31,
(In millions)20252024
 Recoverable taxes
$63 $47 
 Prepaid assets and deposits
24 23 
 Contractually reimbursable engineering costs
22 20 
 Joint venture receivables
17 13 
Contractual payments
 Other
$135 $109 
Other non-current assets are comprised of the following components:
June 30,December 31,
(In millions)20252024
Contractual payments$99 $25 
Contractually reimbursable engineering costs20 21 
Recoverable taxes
Derivative financial instruments
 Other
34 34 
$163 $94 
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 $14 million during the remainder of 2025, $21 million in 2026, $5 million in 2027, $1 million in 2028, and $1 million in 2029 and beyond.