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Other Assets
 12 Months Ended
Dec. 31, 2020
Other Assets [Abstract]  
Other Assets Other Assets
Other current assets are comprised of the following components:
December 31,
(In millions)20202019
Joint venture receivables
$53 $41 
Recoverable taxes
52 61 
Contractually reimbursable engineering costs
31 29 
Prepaid assets and deposits
18 22 
China bank notes
15 16 
Royalty agreements
7 17 
Other
4 7 
$180 $193 

The Company receives bank notes from certain customers in China to settle trade accounts receivable. The collection of such bank notes are included in operating cash flows based on the substance of the underlying transactions, which are operating in nature. The Company redeemed $163 million and $81 million of China bank notes during the years ended December 31, 2020 and 2019, respectively. Remaining amounts outstanding at third-party institutions relate to sold bank notes will mature by June 30, 2021.
Other non-current assets are comprised of the following components:

December 31,
(In millions)20202019
Deferred tax assets
$55 $59 
Contractually reimbursable engineering costs31 24 
Recoverable taxes21 28 
Royalty agreements8 11 
Joint venture note receivables
7 8 
Other
13 20 
$135 $150 

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 approximately $31 million in 2021, $16 million in 2022, $8 million in 2023, $3 million in 2024 and $4 million in 2025 and beyond.