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Note 19 - Segments, Geographical Area and Major Customer Information (Tables) | 12 Months Ended
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Dec. 31, 2024
Notes Tables |
Schedule of Segment Reporting Information, by Segment [Table Text Block] |
|  | Light |  |  | Commercial |  |  |  |  |  |  | Power |  |  |  |  |  |  |  |  |
2024 |  | Vehicle |  |  | Vehicle |  |  | Off-Highway |  |  | Technologies |  |  | Corporate |  |  | Total |
External sales |  | $ | 4,224 |  |  | $ | 2,005 |  |  | $ | 2,767 |  |  | $ | 1,288 |  |  |  |  |  |  | $ | 10,284 |
Inter-segment sales |  |  | 187 |  |  |  | 112 |  |  |  | 65 |  |  |  | 25 |  |  |  |  |  |  |  | 389 |
|  |  | 4,411 |  |  |  | 2,117 |  |  |  | 2,832 |  |  |  | 1,313 |  |  |  |  |  |  |  | 10,673 |
Reconciliation of sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Elimination of inter-segment sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (389 | )
Total consolidated sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 10,284 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 3,980 |  |  |  | 1,948 |  |  |  | 2,287 |  |  |  | 1,148 |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses |  |  | 122 |  |  |  | 98 |  |  |  | 141 |  |  |  | 74 |  |  |  |  |  |  |  |  |
Other segment items (a) |  |  | 5 |  |  |  | (4 | ) |  |  | 15 |  |  |  | 1 |  |  |  |  |  |  |  |  |
Segment EBITDA |  | $ | 314 |  |  | $ | 67 |  |  | $ | 419 |  |  | $ | 92 |  |  |  |  |  |  | $ | 892 |
Purchases of property, plant and equipment |  | $ | 182 |  |  | $ | 68 |  |  | $ | 66 |  |  | $ | 46 |  |  | $ | 18 |  |  | $ | 380 |
Segment net assets (b) |  | $ | 285 |  |  | $ | 358 |  |  | $ | 460 |  |  | $ | 188 |  |  | $ | (71 | ) |  | $ | 1,220 |
|  | Light |  |  | Commercial |  |  |  |  |  |  | Power |  |  |  |  |  |  |  |  |
2023 |  | Vehicle |  |  | Vehicle |  |  | Off-Highway |  |  | Technologies |  |  | Corporate |  |  | Total |
External sales |  | $ | 4,035 |  |  | $ | 2,092 |  |  | $ | 3,185 |  |  | $ | 1,243 |  |  |  |  |  |  | $ | 10,555 |
Inter-segment sales |  |  | 190 |  |  |  | 124 |  |  |  | 61 |  |  |  | 25 |  |  |  |  |  |  |  | 400 |
|  |  | 4,225 |  |  |  | 2,216 |  |  |  | 3,246 |  |  |  | 1,268 |  |  |  |  |  |  |  | 10,955 |
Reconciliation of sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Elimination of inter-segment sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (400 | )
Total consolidated sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 10,555 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 3,866 |  |  |  | 2,034 |  |  |  | 2,627 |  |  |  | 1,108 |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses |  |  | 131 |  |  |  | 108 |  |  |  | 165 |  |  |  | 74 |  |  |  |  |  |  |  |  |
Other segment items (a) |  |  | (16 | ) |  |  | 13 |  |  |  | 11 |  |  |  | 3 |  |  |  |  |  |  |  |  |
Segment EBITDA |  | $ | 212 |  |  | $ | 87 |  |  | $ | 465 |  |  | $ | 89 |  |  |  |  |  |  | $ | 853 |
Purchases of property, plant and equipment |  | $ | 184 |  |  | $ | 106 |  |  | $ | 65 |  |  | $ | 120 |  |  | $ | 26 |  |  | $ | 501 |
Segment net assets (b) |  | $ | 339 |  |  | $ | 354 |  |  | $ | 485 |  |  | $ | 181 |  |  | $ | (68 | ) |  | $ | 1,291 |
|  | Light |  |  | Commercial |  |  |  |  |  |  | Power |  |  |  |  |  |  |  |  |
2022 |  | Vehicle |  |  | Vehicle |  |  | Off-Highway |  |  | Technologies |  |  | Corporate |  |  | Total |
External sales |  | $ | 4,090 |  |  | $ | 1,979 |  |  | $ | 2,946 |  |  | $ | 1,141 |  |  |  |  |  |  | $ | 10,156 |
Inter-segment sales |  |  | 166 |  |  |  | 110 |  |  |  | 64 |  |  |  | 28 |  |  |  |  |  |  |  | 368 |
|  |  | 4,256 |  |  |  | 2,089 |  |  |  | 3,010 |  |  |  | 1,169 |  |  |  |  |  |  |  | 10,524 |
Reconciliation of sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Elimination of inter-segment sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (368 | )
Total consolidated sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 10,156 |
Less: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of sales |  |  | 3,982 |  |  |  | 1,947 |  |  |  | 2,489 |  |  |  | 1,013 |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses |  |  | 115 |  |  |  | 104 |  |  |  | 135 |  |  |  | 63 |  |  |  |  |  |  |  |  |
Other segment items (a) |  |  | (1 | ) |  |  | 5 |  |  |  | 18 |  |  |  | 1 |  |  |  |  |  |  |  |  |
Segment EBITDA |  | $ | 158 |  |  | $ | 43 |  |  | $ | 404 |  |  | $ | 94 |  |  |  |  |  |  | $ | 699 |
Purchases of property, plant and equipment |  | $ | 201 |  |  | $ | 67 |  |  | $ | 73 |  |  | $ | 64 |  |  | $ | 35 |  |  | $ | 440 |
Segment net assets (b) |  | $ | 291 |  |  | $ | 305 |  |  | $ | 494 |  |  | $ | 143 |  |  | $ | (88 | ) |  | $ | 1,145 |
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Table Text Block] |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Segment EBITDA |  | $ | 892 |  |  | $ | 853 |  |  | $ | 699 |
Corporate expense and other items, net |  |  | (7 | ) |  |  | (8 | ) |  |  | 1 |
Depreciation |  |  | (401 | ) |  |  | (393 | ) |  |  | (365 | )
Amortization |  |  | (21 | ) |  |  | (23 | ) |  |  | (23 | )
Non-service cost components of pension and OPEB costs |  |  | (18 | ) |  |  | (13 | ) |  |  | (7 | )
Restructuring charges, net |  |  | (76 | ) |  |  | (25 | ) |  |  | 1 |
Stock compensation expense |  |  | (30 | ) |  |  | (26 | ) |  |  | (19 | )
Strategic transaction expenses |  |  | (9 | ) |  |  | (5 | ) |  |  | (8 | )
Loss on sale of property, plant and equipment |  |  | (6 | ) |  |  | (1 | ) |  |  | (2 | )
Loss on disposal group previously held for sale |  |  | (26 | ) |  |  |  |  |  |  |  |
Supplier capacity charge |  |  | (46 | ) |  |  |  |  |  |  |  |
Distressed supplier costs |  |  |  |  |  |  | (44 | ) |  |  |  |
Amounts attributable to previously divested/closed operations |  |  | (9 | ) |  |  |  |  |  |  | (2 | )
Impairment of goodwill |  |  |  |  |  |  |  |  |  |  | (191 | )
Other items |  |  | (17 | ) |  |  | 1 |  |  |  | 2 |
Earnings before interest and income taxes |  |  | 226 |  |  |  | 316 |  |  |  | 86 |
Loss on extinguishment of debt |  |  |  |  |  |  | (1 | ) |  |  |  |
Interest income |  |  | 15 |  |  |  | 17 |  |  |  | 11 |
Interest expense |  |  | 161 |  |  |  | 154 |  |  |  | 128 |
Earnings (loss) before income taxes |  | $ | 80 |  |  | $ | 178 |  |  | $ | (31 | )
Reconciliation of Assets from Segment to Consolidated [Table Text Block] |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Segment net assets |  | $ | 1,220 |  |  | $ | 1,291 |  |  | $ | 1,145 |
Accounts payable |  |  | 1,522 |  |  |  | 1,756 |  |  |  | 1,838 |
Cash and cash equivalents |  |  | 494 |  |  |  | 529 |  |  |  | 425 |
Accounts receivable - Other |  |  | 261 |  |  |  | 280 |  |  |  | 202 |
Other current assets |  |  | 206 |  |  |  | 247 |  |  |  | 219 |
Goodwill |  |  | 250 |  |  |  | 263 |  |  |  | 259 |
Intangibles |  |  | 150 |  |  |  | 182 |  |  |  | 201 |
Deferred tax assets |  |  | 560 |  |  |  | 516 |  |  |  | 397 |
Other noncurrent assets |  |  | 189 |  |  |  | 140 |  |  |  | 123 |
Investments in affiliates |  |  | 126 |  |  |  | 123 |  |  |  | 136 |
Operating lease assets |  |  | 293 |  |  |  | 327 |  |  |  | 311 |
Property, plant and equipment, net |  |  | 2,214 |  |  |  | 2,311 |  |  |  | 2,193 |
Total assets |  | $ | 7,485 |  |  | $ | 7,965 |  |  | $ | 7,449 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] |
|  | Net Sales |  |  | Long-Lived Assets |
|  | 2024 |  |  | 2023 |  |  | 2022 |  |  | 2024 |  |  | 2023 |  |  | 2022 |
North America |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 4,675 |  |  | $ | 4,492 |  |  | $ | 4,668 |  |  | $ | 1,140 |  |  | $ | 1,203 |  |  | $ | 1,185 |
Other North America |  |  | 295 |  |  |  | 260 |  |  |  | 255 |  |  |  | 213 |  |  |  | 221 |  |  |  | 187 |
Total |  |  | 4,970 |  |  |  | 4,752 |  |  |  | 4,923 |  |  |  | 1,353 |  |  |  | 1,424 |  |  |  | 1,372 |
Europe |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Italy |  |  | 1,434 |  |  |  | 1,705 |  |  |  | 1,535 |  |  |  | 222 |  |  |  | 237 |  |  |  | 219 |
Germany |  |  | 499 |  |  |  | 549 |  |  |  | 494 |  |  |  | 129 |  |  |  | 154 |  |  |  | 131 |
Other Europe |  |  | 1,213 |  |  |  | 1,296 |  |  |  | 1,030 |  |  |  | 363 |  |  |  | 331 |  |  |  | 302 |
Total |  |  | 3,146 |  |  |  | 3,550 |  |  |  | 3,059 |  |  |  | 714 |  |  |  | 722 |  |  |  | 652 |
South America |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Brazil |  |  | 527 |  |  |  | 488 |  |  |  | 606 |  |  |  | 90 |  |  |  | 119 |  |  |  | 102 |
Other South America |  |  | 252 |  |  |  | 243 |  |  |  | 182 |  |  |  | 24 |  |  |  | 24 |  |  |  | 22 |
Total |  |  | 779 |  |  |  | 731 |  |  |  | 788 |  |  |  | 114 |  |  |  | 143 |  |  |  | 124 |
Asia Pacific |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
India |  |  | 581 |  |  |  | 634 |  |  |  | 554 |  |  |  | 172 |  |  |  | 173 |  |  |  | 183 |
China |  |  | 438 |  |  |  | 503 |  |  |  | 484 |  |  |  | 88 |  |  |  | 106 |  |  |  | 105 |
Other Asia Pacific |  |  | 370 |  |  |  | 385 |  |  |  | 348 |  |  |  | 66 |  |  |  | 70 |  |  |  | 68 |
Total |  |  | 1,389 |  |  |  | 1,522 |  |  |  | 1,386 |  |  |  | 326 |  |  |  | 349 |  |  |  | 356 |
Total |  | $ | 10,284 |  |  | $ | 10,555 |  |  | $ | 10,156 |  |  | $ | 2,507 |  |  | $ | 2,638 |  |  | $ | 2,504 |

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