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Note 18 - Segments (Tables) | 6 Months Ended
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Jun. 30, 2024
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | 2024 |  |  | 2023 |
Three Months Ended June 30, |  | External Sales |  |  | Inter-Segment Sales |  |  | Segment EBITDA |  |  | External Sales |  |  | Inter-Segment Sales |  |  | Segment EBITDA |
Light Vehicle |  | $ | 1,132 |  |  | $ | 48 |  |  | $ | 84 |  |  | $ | 1,066 |  |  | $ | 46 |  |  | $ | 66 |
Commercial Vehicle |  |  | 527 |  |  |  | 28 |  |  |  | 23 |  |  |  | 526 |  |  |  | 31 |  |  |  | 28 |
Off-Highway |  |  | 746 |  |  |  | 16 |  |  |  | 116 |  |  |  | 842 |  |  |  | 16 |  |  |  | 131 |
Power Technologies |  |  | 333 |  |  |  | 6 |  |  |  | 22 |  |  |  | 314 |  |  |  | 6 |  |  |  | 19 |
Eliminations and other |  |  |  |  |  |  | (98 | ) |  |  |  |  |  |  |  |  |  |  | (99 | ) |  |  |  |
Total |  | $ | 2,738 |  |  | $ | — |  |  | $ | 245 |  |  | $ | 2,748 |  |  | $ | — |  |  | $ | 244 |
Six Months Ended June 30, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Light Vehicle |  | $ | 2,230 |  |  | $ | 99 |  |  | $ | 151 |  |  | $ | 2,028 |  |  | $ | 98 |  |  | $ | 115 |
Commercial Vehicle |  |  | 1,051 |  |  |  | 57 |  |  |  | 40 |  |  |  | 1,048 |  |  |  | 63 |  |  |  | 45 |
Off-Highway |  |  | 1,527 |  |  |  | 33 |  |  |  | 231 |  |  |  | 1,684 |  |  |  | 33 |  |  |  | 249 |
Power Technologies |  |  | 665 |  |  |  | 12 |  |  |  | 49 |  |  |  | 632 |  |  |  | 14 |  |  |  | 42 |
Eliminations and other |  |  |  |  |  |  | (201 | ) |  |  |  |  |  |  |  |  |  |  | (208 | ) |  |  |  |
Total |  | $ | 5,473 |  |  | $ | — |  |  | $ | 471 |  |  | $ | 5,392 |  |  | $ | — |  |  | $ | 451 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] |
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Segment EBITDA |  | $ | 245 |  |  | $ | 244 |  |  | $ | 471 |  |  | $ | 451 |
Corporate expense and other items, net |  |  | (1 | ) |  |  | (1 | ) |  |  | (4 | ) |  |  | (4 | )
Depreciation |  |  | (106 | ) |  |  | (94 | ) |  |  | (207 | ) |  |  | (186 | )
Amortization |  |  | (6 | ) |  |  | (6 | ) |  |  | (11 | ) |  |  | (11 | )
Non-service cost components of pension and OPEB costs |  |  | (2 | ) |  |  | (3 | ) |  |  | (6 | ) |  |  | (6 | )
Restructuring charges, net |  |  | (12 | ) |  |  | (3 | ) |  |  | (17 | ) |  |  | (4 | )
Stock compensation expense |  |  | (8 | ) |  |  | (8 | ) |  |  | (14 | ) |  |  | (14 | )
Strategic transaction expenses |  |  | (2 | ) |  |  | (1 | ) |  |  | (4 | ) |  |  | (2 | )
Distressed supplier costs |  |  |  |  |  |  | (4 | ) |  |  |  |  |  |  | (12 | )
Loss on disposal group held for sale |  |  | (1 | ) |  |  |  |  |  |  | (30 | ) |  |  |  |
Other items |  |  | (3 | ) |  |  |  |  |  |  | (4 | ) |  |  | 2 |
Earnings before interest and income taxes |  |  | 104 |  |  |  | 124 |  |  |  | 174 |  |  |  | 214 |
Loss on extinguishment of debt |  |  |  |  |  |  | (1 | ) |  |  |  |  |  |  | (1 | )
Interest income |  |  | 2 |  |  |  | 5 |  |  |  | 6 |  |  |  | 9 |
Interest expense |  |  | 39 |  |  |  | 39 |  |  |  | 78 |  |  |  | 73 |
Earnings before income taxes |  |  | 67 |  |  |  | 89 |  |  |  | 102 |  |  |  | 149 |
Income tax expense |  |  | 54 |  |  |  | 55 |  |  |  | 91 |  |  |  | 85 |
Equity in earnings of affiliates |  |  | 3 |  |  |  | 2 |  |  |  | 5 |  |  |  | 3 |
Net income |  | $ | 16 |  |  | $ | 36 |  |  | $ | 16 |  |  | $ | 67 |

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