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Non-Consolidated Affiliates
 3 Months Ended
Mar. 31, 2023
Related Party Transactions [Abstract]  
Non-Consolidated Affiliates Non-Consolidated Affiliates
Investments in Affiliates

The Company's investments in non-consolidated equity method affiliates include the following:

March 31,December 31,
(In millions)20232022
Yanfeng Visteon Investment Co., Ltd. ("YFVIC") (50%)
$19 $25 
Limited partnerships13 13 
Other
12 11 
Total investments in non-consolidated affiliates
$44 $49 

Variable Interest Entities
The Company evaluates whether joint ventures in which it has invested are Variable Interest Entities (“VIE”) at the start of each new venture and when a reconsideration event has occurred. The Company consolidates a VIE if it is determined to be the primary beneficiary of the VIE having both the power to direct the activities of the VIE that most significantly impact the entity’s economic performance and the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE.
The Company determined that YFVIC is a VIE. The Company holds a variable interest in YFVIC primarily related to its ownership interests and subordinated financial support. The Company and Yangfeng Automotive Trim Systems Co. Ltd. ("YF") each own 50% of YFVIC and neither entity has the power to control the operations of YFVIC; therefore, the Company is not the primary beneficiary of YFVIC and does not consolidate the joint venture.
The Company's investments in YFVIC consists of the following:
March 31,December 31,
(In millions)20232022
Payables due to YFVIC
$15 $38 
Exposure to loss in YFVIC:
Investment in YFVIC
$19 $25 
Receivables due from YFVIC
18 48 
    Maximum exposure to loss in YFVIC
$37 $73 
Equity Investments
In 2018, the Company committed to make a $15 million investment in two entities principally focused on the automotive sector pursuant to limited partnership agreements. As a limited partner in each entity, the Company will periodically make capital contributions toward this total commitment amount. Through March 31, 2023, the Company had contributed approximately $11 million to these entities. These investments are classified as equity method investments.