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OTHER CURRENT AND NON-CURRENT ASSETS (Tables)
12 Months Ended
Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Additional Related Assets
Additional detail related to assets is presented below:
December 31,
(in millions)
20212020
Prepayments and other current assets:
Prepaid tooling$81 $84 
Prepaid taxes64 64 
Customer incentive payments (Note 3)36 43 
Prepaid engineering27 33 
Contract assets (Note 3)17 16 
Other96 72 
Total prepayments and other current assets$321 $312 
Investments and long-term receivables:
Investment in equity affiliates$298 $297 
Equity securities130 472 
Long-term receivables102 51 
Total investments and long-term receivables$530 $820 
Other non-current assets:
Deferred income taxes (Note 7)$254 $291 
Operating leases (Note 22)185 211 
Customer incentive payments (Note 3)137 166 
Other107 60 
Total other non-current assets$683 $728