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OTHER ASSETS (Tables)
 3 Months Ended
Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Additional Related Assets
Additional detail related to assets is presented below:
March 31,December 31,
(in millions)
20242023
Prepayments and other current assets:
Prepaid tooling$86 $89 
Derivative instruments53 32 
Prepaid taxes49 38 
Customer incentive payments (Note 4)26 27 
Contract assets (Note 4)16 18 
Prepaid insurance7 10 
Other61 47 
Total prepayments and other current assets$298 $261 
Investments and long-term receivables:
Investment in equity affiliates$241 $237 
Investment in equity securities69 71 
Long-term receivables55 56 
Total investments and long-term receivables$365 $364 
Other non-current assets:
Deferred income taxes$256 $257 
Operating leases137 143 
Customer incentive payments (Note 4)47 58 
Derivative instruments37 15 
Other40 39 
Total other non-current assets$517 $512