Garrett Motion (GTX) 10-K 20 Feb 25 2024 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Feb. 14, 2025	Jun. 28, 2024
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-38636
Entity Registrant Name	Garrett Motion Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	82-4873189
Entity Address, Address Line One	La Pièce 16
Entity Address, City or Town	Rolle
Entity Address, Postal Zip Code	1180
Entity Address, Country	CH
City Area Code	41 21
Local Phone Number	695 30 00
Security12b Title	Common Stock, $0.001 par value per share
Trading Symbol	GTX
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 1,077
Entity Common Stock, Shares Outstanding		205,009,801
Documents Incorporated by Reference	Portions of the Registrant’s definitive proxy statement relating to its 2025 annual meeting of shareholders (the “2025 Proxy Statement”) are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. The 2025 Proxy Statement will be filed with the U.S. Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates.
Entity Central Index Key	0001735707
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false
Other Address
Document Information [Line Items]
Entity Address, Address Line One	47548 Halyard Drive
Entity Address, City or Town	Plymouth
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48170
City Area Code	734
Local Phone Number	392 5500

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
Audit Information [Abstract]
Auditor Firm ID	1235
Auditor Name	Deloitte SA
Auditor Location	Geneva, Switzerland

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Net sales (Note 4)	$ 844	$ 826	$ 890	$ 915	$ 945	$ 960	$ 1,011	$ 970	$ 3,475	$ 3,886	$ 3,603
Cost of goods sold									2,770	3,130	2,920
Gross profit	182	166	185	172	189	176	202	189	705	756	683
Selling, general and administrative expenses									240	247	216
Other expense, net (Note 5)									6	5	2
Interest expense									156	159	8
Loss on extinguishment of debt (Note 17)									0	0	5
Gain on sale of equity investment (Note 28)									(27)	0	0
Non-operating income, net (Note 6)									(13)	(2)	(47)
Reorganization items, net (Note 2)									0	0	3
Income before taxes									343	347	496
Tax expense (Note 7)									61	86	106
Net income	100	52	64	66	52	57	71	81	282	261	390
Less: preferred stock dividends (Note 21)									0	(80)	(157)
Less: preferred stock deemed dividends (Note 21)									0	(232)	0
Net income (loss) available for distribution	$ 100	$ 52	$ 64	$ 66	$ 52	$ 57	$ (201)	$ 41	$ 282	$ (51)	$ 233
Earnings (Loss) per share (Note 24)
Earnings (Loss) per share, basic (in USD per share)	$ 0.47	$ 0.24	$ 0.29	$ 0.28	$ 0.22	$ 0.23	$ (1.88)	$ 0.13	$ 1.27	$ (0.31)	$ 0.75
Earnings (Loss) per share, diluted (in USD per share)	$ 0.47	$ 0.24	$ 0.28	$ 0.28	$ 0.22	$ 0.23	$ (1.88)	$ 0.13	$ 1.26	$ (0.31)	$ 0.75
Weighted average common shares outstanding
Weighted average common shares outstanding, basic (in shares)									222,316,484	166,595,397	64,708,635
Weighted average common shares outstanding, diluted (in shares)									224,121,156	166,595,397	65,075,992

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 282	$ 261	$ 390
Foreign exchange translation adjustment	30	(13)	(1)
Defined benefit pension plan adjustment, net of tax (Note 26)	5	(2)	(9)
Changes in fair value of effective cash flow hedges, net of tax (Note 19)	(8)	(15)	6
Changes in fair value of net investment hedges, net of tax (Note 19)	49	(9)	44
Total other comprehensive income (loss)	76	(39)	40
Comprehensive income	$ 358	$ 222	$ 430

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 125	$ 259
Restricted cash (Note 3)	1	1
Accounts, notes and other receivables, net (Note 8)	687	808
Inventories, net (Note 10)	286	263
Other current assets (Note 11)	94	75
Total current assets	1,193	1,406
Investments and long-term receivables	10	29
Property, plant and equipment, net (Note 13)	449	477
Goodwill (Note 14)	193	193
Deferred income taxes (Note 7)	207	216
Other assets (Note 12)	224	206
Total assets	2,276	2,527
Current liabilities:
Accounts payable	972	1,074
Current maturities of long-term debt (Note 16)	7	7
Accrued liabilities (Note 15)	299	293
Total current liabilities	1,278	1,374
Long-term debt (Note 16)	1,464	1,643
Deferred income taxes (Note 7)	25	27
Other liabilities (Note 20)	182	218
Total liabilities	2,949	3,262
COMMITMENTS AND CONTINGENCIES (Note 25)
EQUITY (DEFICIT)
Common Stock, par value $0.001; 1,000,000,000 and 1,000,000,000 shares authorized, 240,987,329 and 238,543,624 issued and 206,387,938 and 238,249,056 outstanding as of December 31, 2024 and 2023, respectively	0	0
Additional paid-in capital	1,213	1,190
Retained deficit	(1,653)	(1,922)
Accumulated other comprehensive income (loss) (Note 22)	73	(3)
Treasury Stock, at cost; 34,599,391 and 0 shares as of December 31, 2024 and 2023, respectively (Note 21)	(306)	0
Total deficit	(673)	(735)
Total liabilities and deficit	$ 2,276	$ 2,527

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2024	Dec. 31, 2023
Common stock, par value (in USD per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares, issued (in shares)	240,987,329	238,543,624
Common stock, shares, outstanding (in shares)	206,387,938	238,249,056
Treasury stock, common (in shares)	34,599,391	0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net income	$ 282	$ 261	$ 390
Adjustments to reconcile net income to net cash provided by operating activities
Deferred income taxes	7	24	46
Depreciation	90	90	84
Amortization of deferred debt issuance costs	37	20	8
Interest payments on Series B Preferred Stock, net of debt discount accretion	0	0	(19)
Loss on extinguishment of debt	0	0	5
Loss on remeasurement of forward purchase contract	0	13	0
Gain on sale of equity investment (Note 28)	(27)	0	0
Foreign exchange loss (gain)	27	(15)	(1)
Stock compensation expense	23	14	11
Pension expense	(6)	(1)	(28)
Unrealized (gain) loss on derivatives	(2)	51	(65)
Other	(6)	7	1
Changes in assets and liabilities:
Accounts, notes and other receivables	89	1	(102)
Inventories	(48)	12	(48)
Other assets	(25)	(2)	34
Accounts payable	(52)	8	108
Accrued liabilities	26	(8)	(17)
Other liabilities	(7)	(10)	(32)
Net cash provided by operating activities	408	465	375
Cash flows from investing activities:
Expenditures for property, plant and equipment	(91)	(83)	(91)
Proceeds from cross-currency swap contracts	31	28	0
Proceeds from sale of equity investment	46	0	0
Net cash used for investing activities	(14)	(55)	(91)
Cash flows from financing activities:
Proceeds from issuance of long-term debt, net of deferred financing costs	794	667	0
Payments of long-term debt	(992)	(207)	(7)
Payments for dividends	0	(42)	(83)
Repurchases of Series A Preferred Stock	0	(580)	(7)
Repurchases of Common Stock	(296)	(213)	0
Excise tax on Common Stock repurchase	(8)	0	0
Payments of Additional Amounts for conversion of Series A Preferred Stock	0	(25)	0
Redemption of Series B Preferred stock	0	0	(381)
Payments for debt and revolving facility financing costs	(8)	(2)	(4)
Other	(10)	(1)	0
Net cash used for financing activities	(520)	(403)	(482)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	(8)	5	(18)
Net (decrease) increase in cash, cash equivalents and restricted cash	(134)	12	(216)
Cash, cash equivalents and restricted cash at beginning of period	260	248	464
Cash, cash equivalents and restricted cash at end of period	126	260	248
Supplemental cash flow disclosures:
Income taxes paid (net of refunds)	64	60	42
Interest paid	88	89	65
Reorganization items paid	0	0	5
Supplemental disclosure of non-cash financing activities:
Dividends declared, not paid	$ 13	$ 0	$ 0

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY (DEFICIT) - USD ($) $ in Millions		Total	Series A Preferred Stock	Common Stock	Series A Preferred Stock	Series A Preferred Stock Series A Preferred Stock	Common Stock		Common Stock Common Stock	[1]	Treasury Stock	Additional Paid-in Capital	Additional Paid-in Capital Series A Preferred Stock	Retained Deficit	Retained Deficit Series A Preferred Stock	Retained Deficit Common Stock	Accumulated Other Comprehensive Income/(Loss)
Beginning balance (in shares) at Dec. 31, 2021					246,000,000		64,000,000	[1]
Beginning balance at Dec. 31, 2021		$ (468)			$ 0		$ 0				$ 0	$ 1,326		$ (1,790)			$ (4)
Beginning balance (in shares) at Dec. 31, 2021											0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		390												390
Share repurchases		(6)										(4)		(2)
Other comprehensive income (loss), net of tax		40															40
Preferred Stock dividends		(83)												(83)
Stock-based compensation		11										11
Ending balance (in shares) at Dec. 31, 2022					246,000,000		64,000,000	[1]
Ending balance at Dec. 31, 2022		(116)			$ 0		$ 0				$ 0	1,333		(1,485)			36
Ending balance (in shares) at Dec. 31, 2022											0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		261												261
Share repurchases (in shares)						(70,000,000)			(28,000,000)
Share repurchases			$ (567)	$ (213)									$ (366)		$ (201)	$ (213)
Excise tax on share repurchases		(8)												(8)
Other comprehensive income (loss), net of tax		(39)															(39)
Preferred Stock dividends		(42)												(42)
Issuance of common stock for preference dividends (in shares)	[1]						26,000,000
Issuance of Common Stock for preference dividends		0										209		(209)
Conversion of Series A Preferred Stock to Common Stock (in shares)					176,000,000		176,000,000	[1]
Conversion of Series A Preferred Stock to Common Stock		(25)												(25)
Stock-based compensation		14										14
Ending balance (in shares) at Dec. 31, 2023					0		238,000,000	[1]
Ending balance at Dec. 31, 2023		$ (735)			$ 0		$ 0				$ 0	1,190		(1,922)			(3)
Ending balance (in shares) at Dec. 31, 2023		0									0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		$ 282												282
Share repurchases (in shares)		(33,493,224)									(34,000,000)
Share repurchases		$ (296)									$ (296)
Excise tax on share repurchases		(3)									$ (3)
Shares issued under stock plan, net of shares withheld for employee taxes (in shares)							3,000,000	[1]			1,000,000
Shares issued under stock plan, net of shares withheld for employee taxes		(7)									$ (7)
Other comprehensive income (loss), net of tax		76															76
Common Stock dividends		(13)												(13)
Stock-based compensation		23										23
Ending balance (in shares) at Dec. 31, 2024					0		241,000,000	[1]
Ending balance at Dec. 31, 2024		$ (673)			$ 0		$ 0				$ (306)	$ 1,213		$ (1,653)			$ 73
Ending balance (in shares) at Dec. 31, 2024		34,599,391									35,000,000
[1]Common shares issued less treasury shares equals common shares outstanding

Background and Basis of Present

Background and Basis of Presentation	12 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Background and Basis of Presentation	Note 1. Background and Basis of Presentation Background Garrett Motion Inc. (the "Company" or "Garrett") is a cutting-edge technology leader delivering differentiated solutions for emission reduction and energy efficiency. We design, manufacture and sell highly engineered turbocharging, air and fluid compression, and high-speed electric motor technologies for OEMs and distributors within the mobility and industrial space. We have significant expertise in delivering products at scale for ICE using gasoline, diesel, natural gas and hydrogen, as well as for zero emission technologies using hydrogen fuel cell systems, both for mobility and industrial use. As our customers continue to progress on electrification, we are applying our technological pillars to develop highly engineered E-Powertrain and E-Cooling compressor products to support their ambition. These products are key enablers for fuel economy, energy efficiency, thermal management, and compliance with emissions standards and overall greenhouse gas and other emission reduction targets. Basis of Presentation The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). All amounts presented are in millions, except per share amounts. We evaluate segment reporting in accordance with ASC 280, Segment Reporting . We concluded that Garrett operates in a single operating segment and a single reportable segment based on the operating results available and evaluated regularly by the chief operating decision maker (“CODM”), who is our Chief Executive Officer, to make decisions about resource allocation and performance assessment. The CODM makes operational performance assessments and resource allocation decisions on a consolidated basis, inclusive of all of the Company’s products across channels and geographies.

Plan of Reorganization

Plan of Reorganization	12 Months Ended
	Dec. 31, 2024
Reorganizations [Abstract]
Plan of Reorganization	Note 2. Plan of Reorganization On September 20, 2020 (the "Petition Date"), the Company and certain of its subsidiaries each filed a voluntary petition for relief under Chapter 11 of title 11 of the United States Code (the "Chapter 11 Cases") in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”). A Revised Amended Plan of Reorganization ("Plan") was confirmed by the Bankruptcy Court on April 26, 2021, and the Company emerged from bankruptcy (“Emergence”) on April 30, 2021 (the "Effective Date"). The Company applied ASC 852, Reorganizations , in preparing its Consolidated Financial Statements during its Chapter 11 bankruptcy proceedings, which required the financial statements for periods subsequent to filing for Chapter 11 to distinguish transactions and events that were directly associated with the Company's reorganization from the ongoing operations of the business. Revenues, expenses, realized gains and losses, and provisions for losses directly resulting from the reorganization and restructuring were reported separately as Reorganization items, net in the Consolidated Statements of Operations. Upon Emergence, the Company did not meet the requirements under ASC 852 for fresh start accounting and in accordance with ASC 852, a new reporting entity was not created for accounting purposes. Reorganization items, net represent amounts incurred after the Petition Date as a direct result of the Chapter 11 Cases and amounted to an expense of $3 million for the year ended December 31, 2022. There were no Reorganization items, net for the years ended December 31, 2024 and 2023.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 3. Summary of Significant Accounting Policies Use of Estimates The preparation of the Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates and assumptions are periodically reviewed and the effects of changes are reflected in the Consolidated Financial Statements in the period they are determined to be necessary. Principles of Consolidation and Combination The Consolidated Financial Statements include the accounts of Garrett Motion Inc. and all of its subsidiaries in which a controlling financial interest is maintained. We consolidate entities that we control due to ownership of a majority voting interest, and we consolidate variable interest entities when we have variable interests and are the primary beneficiary. Our consolidation policy requires equity investments that we exercise significant influence over but in which we do not have a controlling financial interest to be accounted for using the equity method. Investments through which we are not able to exercise significant influence over the investee and which we do not have readily determinable fair values are accounted for under the cost method. All intercompany transactions and balances are eliminated in consolidation. Cash and Cash Equivalents Cash and cash equivalents include cash on hand and highly liquid investments having an original maturity of three months or less. Restricted Cash Restricted cash primarily consists of bank deposits pledged as collateral to issue bank notes (refer to Note 9, Factoring and Notes Receivable ). Trade Receivables and Allowance for Doubtful Accounts Trade accounts receivable are recorded at the invoiced amount as a result of transactions with customers. In accordance with ASC 326, Financial Instruments - Credit Losses , the Company maintains allowances for doubtful accounts for losses as a result of a customer’s inability to make required payments, estimated based on the expected credit losses over the contractual life of the receivables based on days past due as measured from the contractual due date and collection history. The Company also takes into consideration changes in economic conditions that may not be reflected in historical trends (for example, customers in bankruptcy, liquidation or reorganization). Receivables are written-off against the allowance for doubtful accounts when they are determined uncollectible. Such determination includes analysis and consideration of the particular conditions of the account, including time intervals since last collection, customer performance against agreed upon payment plans, solvency of customer and any bankruptcy proceedings. Transfer of Financial Instruments Sales and transfers of financial instruments are accounted for under ASC 860, Transfers and Servicing. The Company may discount and sell accounts receivables during the normal course of business. These receivables which are transferred to a third party without recourse to the Company and that meet the criteria of sales accounting as per ASC 860, are excluded from the amounts reported in the Consolidated Balance Sheets. The cash proceeds received from such sales are included in operating cash flows. The expenses associated with the factoring of receivables are recorded within Other expense, net in the Consolidated Statements of Operations. The Company may also receive bank notes in settlement of accounts receivables, primarily in the Asia Pacific region. Such bank notes are classified as notes receivables under Accounts, notes and other receivables – net in the Consolidated Balance Sheets. The collections of such bank notes are included in operating cash flows and any expenses related to discounting these are included within Other expense, net in the Consolidated Statements of Operations. The Company can hold the bank notes until maturity, exchange them with suppliers to settle liabilities, or sell them to third party financial institutions in exchange for cash. Inventories Inventories are stated at the lower of cost, determined on a first-in, first-out basis, including direct material costs and direct and indirect manufacturing costs, or net realizable value. Obsolete inventory is identified based on analysis of inventory for known obsolescence issues. The original equipment inventory on hand in excess of forecasted usage and lack of consumption in the previous 12 months is fully reserved, unless the value of such material is recoverable from either the vendor or the customer. Property, Plant and Equipment, Net Property, plant and equipment are recorded at cost less accumulated depreciation and amortization. Depreciation is calculated using the straight-line method over the estimated useful lives of assets, which are 10 to 50 years for buildings and improvements, 2 to 16 years for machinery and equipment, 3 to 10 years for tooling equipment, and 5 to 7 years for software. Maintenance and repairs are expensed as incurred. Impairment testing of long lived assets is completed by the Company in accordance with ASC 360, Property, Plant and Equipment . The testing is completed when a triggering event occurs, or at least on an annual basis to assess if any impairment triggering events existed during the year. If a triggering event occurs or is identified, the impairment testing is completed using the two-step impairment model. Asset classes are identified and tested for recoverability by comparing the net carrying value of the asset group to the undiscounted net cash flows to be generated from the use and eventual disposition of that asset group. If the carrying amount of an asset group is not recoverable, an impairment loss is recognized if the carrying amount exceeds the fair value. The impairment analysis was completed in 2024 with no triggering events identified. Leases Right-of-use (“ROU”) assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date of a lease (the “commencement date”) based on the present value of lease payments over the lease term. We determine if an arrangement is a lease at inception. Operating leases are included in Other assets, Accrued liabilities, and Other liabilities in our Consolidated Balance Sheets. Finance leases are included in Property, plant and equipment - net in our Consolidated Balance Sheets. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. We use the implicit rate when readily determinable. The lease ROU asset also includes any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease where it is reasonably certain that we will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Variable lease payments are expensed in the period in which they occur. We have lease agreements with lease and non-lease components, which are generally accounted for separately. For machinery and equipment, we account for the lease and non-lease components as a single lease component. We account for short-term leases by recognizing lease payments in net income on a straight-line basis over the lease term and will not recognize any ROU assets and lease liabilities on the Consolidated Balance Sheet. Goodwill Goodwill is subject to impairment testing annually, and whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. This testing compares carrying value to fair value of our single reporting unit. The Company recognizes an impairment charge for the amount by which the carrying value of the reporting unit exceeds the reporting unit´s fair value. However, any impairment should not exceed the amount of goodwill allocated to the reporting unit. Because we have a single reporting unit with a negative carrying value, no impairment was recognized. Warranties and Guarantees Expected warranty costs for products sold are recognized based on an estimate of the amount that eventually will be required to settle such obligations. These accruals are based on factors such as past experience, length of the warranty and various other considerations. Costs of product recalls, which may include the cost of the product being replaced as well as the customer’s cost of the recall, including labor to remove and replace the recalled part, are accrued as part of our warranty accrual at the time an obligation becomes probable and can be reasonably estimated. These estimates are adjusted from time to time based on facts and circumstances that impact the status of existing claims. For additional information, see Note 25, Commitments and Contingencies . Sales Recognition Product sales are recognized when we transfer control of the promised goods to our customer, which is based on shipping terms. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring the promised goods, adjusted for any variable consideration such as price concessions or annual price adjustments as estimated at contract inception. Amounts billed but ultimately expected to be refunded to the customer are recorded as part of the customer pricing reserve within Accrued liabilities on the Consolidated Balance Sheet. In the sale of products in the OEM channel, the transaction price for these goods is generally equal to the agreed price of each unit and represents the standalone selling price for the unit. In the sale of products in the aftermarket channel, the terms of a contract or the historical business practice can give rise to variable consideration due to, but not limited to, discounts and rebates. We estimate variable consideration at the most likely amount we will receive from customers and reduce revenues recognized accordingly. We include estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Our estimates of variable consideration and determination of whether to include estimated amounts in the transaction price are based largely on an assessment of our anticipated performance and all information (historical, current and forecasted) that is reasonably available to us. We adjust our estimate of revenue at the earlier of when the value of consideration we expect to receive changes or when the consideration becomes fixed. Research and Development Garrett conducts research and development (“R&D”) activities, which consist primarily of the development of new products and product applications. R&D costs are charged to expense as incurred. Such costs are included in Cost of goods sold and were $187 million, $175 million and $153 million, for the years ended December 31, 2024, 2023 and 2022, respectively. Additionally, the Company incurs engineering-related expenses which are also included in Cost of goods sold and amounted to $(26) million, $(12) million and $11 million for the years ended December 31, 2024, 2023 and 2022, respectively. Engineering-related expenses included customer reimbursements of $67 million, $46 million and $25 million for the years ended December 31, 2024, 2023 and 2022, respectively. Certain engineering expenses related to long-term supply arrangements are capitalized when defined criteria, such as the existence of a contractual guarantee for reimbursement, are met. As of December 31, 2024 and 2023 , $29 million and $12 million, respectively, of such contractually reimbursable costs were capitalized. These amounts are recorded within Other current assets in the Consolidated Balance Sheets. Government Incentives The Company receives incentives from governmental entities related to expenses, assets, and other activities. The associated terms of the incentives can vary by country. Government incentives are recorded in the financial statements in accordance with their purpose as a reduction of expense, a reduction of asset cost or other operating or non-operating income. Incentives are recognized when there is probable assurance that the Company will comply with the conditions for the incentives and a reasonable expectation that the funds will be received. Government incentives received prior to being earned are recognized as deferred income whereas incentives earned prior to being received are recognized as receivables. The Company recognized government incentives of $19 million, $14 million and $25 million for the years ended December 31, 2024, 2023 and 2022, respectively. These amounts are recorded in Cost of goods sold and Selling, general and administrative expenses in the Consolidated Statements of Operations. Supplier Financing The Company has supplier financing arrangements with two third-party financial institutions under which certain suppliers may factor their receivables from Garrett. The Company also enters into arrangements with banking institutions to issue bankers acceptance drafts in settlement of accounts payables, primarily in the Asia Pacific region. The bankers acceptance drafts, or guaranteed bank notes, have a contractual maturity of six months or less, and may be held by suppliers until maturity, transferred to their suppliers, or discounted with financial institutions in exchange for cash. Supplier financing obligations Supplier Financing Obligations Outstanding Guaranteed Bank Notes Outstanding (Dollars in millions) Balance at December 31, 2023 $ 68 $ 193 Obligations added to the program 249 340 Obligations settled (250) (386) Foreign currency translation (3) (6) Balance at December 31, 2024 $ 64 $ 141 Environmental Matters The Company records liabilities for environmental assessments and remediation activities in the period in which it is probable that a liability has been incurred and the amount of that liability can be reasonably estimated. Estimated costs are recorded at undiscounted amounts, based on experience and assessments and are regularly evaluated. To the extent that the required remediation procedures change, or additional contamination is identified, the Company’s estimated environmental liabilities may also change. The liabilities are recorded in Accrued liabilities and Other liabilities in the Consolidated Balance Sheets. Stock-Based Compensation The principal awards issued under our stock-based compensation plans, which are described in Note 23, Stock-Based Compensation , are performance stock units and restricted stock units. The cost for such awards is measured at the grant date based on the fair value of the award. Compensation expense is recognized over the requisite service periods (generally the vesting period of the equity award) based on the Company's best estimate of ultimate performance against the award targets, and is included in Selling, general and administrative expenses in the Consolidated Statements of Operations. The Company accounts for forfeitures as they occur. Pension Benefits We sponsor defined benefit pension plans covering certain employees, primarily in Switzerland, the U.S. and Ireland. For such plans, we are required to disaggregate the service cost component of net benefit costs and report those costs in the same line item or items in the Consolidated Statements of Operations as other compensation costs arising from services rendered by the pertinent employees during the period. The other non service components of net benefit costs are required to be presented separately from the service cost component. We record the service cost component of Pension expense (income) in Cost of goods sold or Selling, general and administrative expenses. The remaining components of net benefit costs within Pension expense (income), primarily interest costs and assumed return on plan assets, are recorded in Non-operating expense (income). We recognize net actuarial gains or losses in excess of 10% of the greater of the fair value of plan assets or the plans’ projected benefit obligation (the corridor) annually in the fourth quarter each year (“MTM Adjustment”). The MTM Adjustment is recorded in Non-operating expense (income). Foreign Currency Translation Assets and liabilities of subsidiaries operating outside the United States with a functional currency other than U.S. Dollars are translated into U.S. Dollars using year-end exchange rates. Sales, costs and expenses are translated at the average exchange rates in effect during the year. Foreign currency translation gains and losses are included as a component of Accumulated other comprehensive income ("AOCI"). Derivative Financial Instruments We minimize our risks from foreign currency exchange rate fluctuations through our normal operating and financing activities and, when deemed appropriate, through the use of derivative financial instruments. Derivative financial instruments are used to manage risk and are not used for trading or other speculative purposes. Derivative financial instruments that qualify for hedge accounting must be designated and effective as a hedge of the identified risk exposure at the inception of the contract. Accordingly, changes in fair value of the derivative contract must be highly correlated with changes in fair value of the underlying hedged item at inception of the hedge and over the life of the hedge contract. All derivatives are recorded on the Consolidated Balance Sheets as assets or liabilities and measured at fair value. For derivatives designated as cash flow hedges, the effective portion of the changes in fair value of the derivatives are recorded in AOCI and subsequently recognized in earnings when the hedged items impact earnings. Cash flows of such derivative financial instruments are classified consistent with the underlying hedged items. For derivatives designated as net investment hedges, provided the hedging relationship is highly effective, the changes in fair value of the derivatives are recorded in AOCI until the net investment is liquidated or sold. Income Taxes We account for income taxes pursuant to the asset and liability method which requires us to recognize current tax liabilities or receivables for the amount of taxes we estimate are payable or refundable for the current year and deferred tax assets and liabilities for the expected future tax consequences attributable to temporary differences between the financial statement carrying amounts and their respective tax bases of assets and liabilities and the expected benefits of net operating loss and credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period enacted. A valuation allowance is provided when it is more likely than not that a portion or all of a deferred tax asset will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income and the reversal of deferred tax liabilities during the period in which related temporary differences become deductible. We reclassify taxes from AOCI to earnings as the items to which the tax effects relate are similarly reclassified. Earnings per share For the year ended December 31, 2024, basic earnings per share are calculated using the weighted-average number of common shares outstanding during the period. For the years ended December 31, 2023 and 2022, basic earnings per share were calculated using the two-class method, because our Series A Preferred Stock was considered a participating security prior to its conversion into Common Stock and cancellation pursuant to the Transaction. The two-class method requires an allocation of earnings to all securities that participate in dividends with common shares, which included our Series A Preferred Stock, to the extent that each such security may share in the Company's earnings. Basic earnings per share are calculated by dividing undistributed earnings allocated to Common Stock by the weighted average number of common shares. Diluted earnings per share for the year ended December 31, 2024 is calculated based on the weighted-average number of common shares outstanding for the period plus the dilutive effect of common stock equivalents using the treasury stock method. Diluted earnings per share for the yeas ended December 31, 2023 and 2022 were calculated using the more dilutive of the two-class or if-converted methods. The two-class method uses net income available to common shareholders and assumes conversion of all potential shares other than the participating securities. The if-converted method uses net income and assumes conversion of all potential shares including the participating securities. See Note 24, Earnings Per Share for further details. Related Party Transactions We contract with Trane Technologies ("Trane") for the occasional purchase of goods and services. Mr. Paul Camuti, a director on our Board of Directors, served as an executive officer of Trane through December 31, 2024, and was considered a related party until that time. Our payments under the agreements with Trane amounted to $1 million for the year ended December 31, 2024, and were included in Cost of goods sold in our Consolidated Statement of Operations. The liability balance due to Trane as of December 31, 2024, was immaterial. We lease certain facilities and receive property maintenance services from Honeywell International ("Honeywell"), which as of Emergence was the owner of our Series B Preferred Stock that has since been fully redeemed by the Company, is a holder of our Common Stock and was also a holder of our Series A Preferred Stock prior to the Transaction, as discussed below and in Note 21, Equity . We also contract with Honeywell for the occasional purchase of certain goods and services. Lease and service agreements were made at commercial terms prevalent in the market at the time they were executed. Honeywell is not considered a related party subsequent to the Transaction, which occurred on June 6, 2023. Our payments under the agreements with Honeywell during the period that they were considered a related party amounted to $2 million for the year ended December 31, 2023 and $9 million for the year ended December 31, 2022, and were included in Cost of goods sold, and Selling, general and administrative expenses, in our Consolidated Statements of Operations. As discussed in Note 21, Equity , in order to effect the Transaction, on April 12, 2023, the Company entered into separate definitive agreements (the "Series A Preferred Stock Agreements") with each of Centerbridge Partners, L.P. (“Centerbridge”) and funds managed by Oaktree Capital Management, L.P. (“Oaktree”), to effect a series of integrated transactions (collectively, the "Transaction") designed to simplify the Company's capital structure by converting all outstanding shares of Series A Preferred Stock into a single class of Common Stock, subject to certain conditions. Each of Centerbridge and Oaktree is a holder of our Common Stock and appoints a director to our Board of Directors. Mr. Kevin Mahony, who serves as a Senior Managing Director of Centerbridge, and Mr. Steven Tesoriere, who serves as a Managing Director and Co-Portfolio Manager of Oaktree, have been appointed to our Board of Directors as designees of Centerbridge and Oaktree, respectively. As described more fully in Note 21, Equity , in connection with the Transaction, we paid to Centerbridge and Oaktree an aggregate of approximately $570 million for the repurchase of shares of Series A Preferred Stock, plus an aggregate of approximately $10 million and 7,276,036 shares of Common Stock representing the Additional Amounts and Accumulated Dividends in respect of the repurchased shares of Series A Preferred Stock. Additionally, in connection with the conversion of the Series A Preferred Stock that each of Centerbridge and Oaktree held as of the conversion date, we issued to Centerbridge and Oaktree an aggregate of 65,334,277 shares of Common Stock upon the conversion of an equivalent number of shares of Series A Preferred Stock, plus Additional Amounts and Accumulated Dividends of approximately $9 million and 6,819,540 shares of Common Stock. In connection with the conversion of our Series A Preferred Stock, we issued to Honeywell, as a holder of our Series A Preferred Stock, 4,196,330 shares of Common Stock upon the conversion of an equivalent number of shares of Series A Preferred Stock, plus Additional Amounts and Accumulated Dividends of approximately $1 million and 438,009 shares of Common Stock. Additionally, Mr. John Petry, a director on our Board in 2023, serves as Managing Member of Sessa Capital (Master), L.P., which indirectly held shares of our Series A Preferred Stock prior to the conversion. In connection with the conversion of our Series A Preferred Stock, we issued to Sessa Capital and its affiliates, as holder of our Series A Preferred Stock, 16,592,384 shares of Common Stock upon the conversion of an equivalent number of shares of Series A Preferred Stock, plus Additional Amounts and Accumulated Dividends of approximately $2 million and 1,731,900 shares of Common Stock. During 2024, we also repurchased from Centerbridge a total of 2,808,988 shares of Common Stock for $25 million under our share repurchase program. The repurchased shares are held as treasury stock. Recently Issued Accounting Pronouncements Recently Adopted Accounting Standards In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . The amendments in this update require companies with a single reportable segment to provide all existing segment disclosures, and the disclosure of incremental segment information. The Company adopted the new guidance as of January 1, 2024. See Note 27, Segments and Concentrations for further detail. Accounting Standards Issued But Not Yet Adopted In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . The amendments in this update increase the transparency around income tax information through improvements to disclosures primarily related to the rate reconciliation and income taxes paid information. The guidance is effective for fiscal years beginning after December 15, 2024 on a prospective basis. Early adoption is permitted. The Company is currently evaluating the guidance to determine the impact on its disclosures. In March 2024, the SEC adopted a final rule under SEC Release No. 33-11275, The Enhancement and Standardization of Climate-Related Disclosures for Investors , to enhance and standardize climate-related disclosures. The rule will require companies to disclose material Scope 1 and Scope 2 greenhouse gas emissions; climate-related risks, governance, and oversight; and the financial effects of severe weather events and other natural conditions. These disclosures are required to be phased in starting with annual reporting periods beginning in 2025; however, this rule has been stayed pending the outcome of legal challenges. The Company is currently evaluating the guidance to determine the impact of adoption on its disclosures in the event that the stay is lifted. In November 2024, the FASB issued ASU 2024-03, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The amendments in this update require disclosure of specified information about certain costs and expenses. The guidance is effective for fiscal years beginning after December 15, 2026 on a prospective basis. Early adoption is permitted. The Company is currently evaluating the guidance to determine the impact on its disclosures. There are no other recently issued, but not yet adopted, accounting pronouncements which are expected to have a material impact on the Company’s Consolidated Financial Statements and related disclosures.

Revenue Recognition and Contrac

Revenue Recognition and Contracts with Customers	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition and Contracts with Customers	Note 4. Revenue Recognition and Contracts with Customers The Company generates revenue through the sale of products to customers in the OEM and aftermarket channels. OEM and aftermarket contracts generally include scheduling agreements that stipulate the pricing and delivery terms that identify the quantity and timing of the product to be transferred. Disaggregated Revenue For Net sales by region (determined based on country of shipment) and channel, refer to Note 27, Segments and Concentrations . We recognize virtually all of our revenues arising from performance obligations at a point in time. Less than 1% of our revenue is satisfied over time. Contract Balances The timing of revenue recognition, billings and cash collections results in unbilled receivables (contract assets) and billed accounts receivable, reported in Accounts, notes and other receivables – net, and customer advances and deposits (contract liabilities), reported in Accrued Liabilities, on the Consolidated Balance Sheets. Contract assets arise when the timing of billing to customers differs from the timing of revenue recognition. Contract assets are recognized when the revenue associated with the contract is recognized prior to billing and derecognized once invoiced in accordance with the terms of the contract. Contract liabilities are recorded in scenarios where we enter into arrangements where customers are contractually obligated to remit cash payments in advance of us satisfying performance obligations and recognizing revenue. Contract liabilities are generally derecognized when revenue is recognized. These assets and liabilities are reported on the Consolidated Balance Sheets on a contract-by-contract basis at the end of each reporting period. The following table summarizes our contract assets and liabilities balances: 2024 2023 (Dollars in millions) Contract assets—January 1 $ 38 $ 46 Contract assets—December 31, 40 38 Change in contract assets—Increase/(Decrease) $ 2 $ (8) Contract liabilities—January 1 $ (11) $ (8) Contract liabilities—December 31, (8) (11) Change in contract liabilities—(Increase)/Decrease $ 3 $ (3) Performance Obligations A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is defined as the unit of account. A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. For product sales, typically each product sold to a customer represents a distinct performance obligation. Performance obligations are supported by contracts with customers, providing a framework for the nature of the distinct goods, services or bundle of goods and services. The timing of satisfying the performance obligation is typically indicated by the terms of the contract. All performance obligations are expected to be satisfied within one year, with substantially all performance obligations being satisfied within a month. The timing of satisfaction of our performance obligations does not significantly vary from the typical timing of payment, with most cash advances (contract liabilities) and unbilled receivables (contract assets) being settled within 3 months. For some contracts, we may be entitled to receive an advance payment. We have applied the practical expedient to not disclose the value of remaining performance obligations for contracts with an original expected term of one year or less.

Other Expense, Net

Other Expense, Net	12 Months Ended
	Dec. 31, 2024
Other Income and Expenses [Abstract]
Other Expense, Net	Note 5. Other Expense, Net Year Ended December 31, 2024 2023 2022 (Dollars in millions) Factoring and notes receivables discount fees $ 4 $ 4 $ 2 Supplier financing fees 1 1 — Other $ 1 $ — $ — $ 6 $ 5 $ 2

Non-Operating Income, Net

Non-Operating Income, Net	12 Months Ended
	Dec. 31, 2024
Nonoperating Income (Expense) [Abstract]
Non-Operating Income, Net	Note 6. Non-Operating Income, Net Year Ended December 31, 2024 2023 2022 (Dollars in millions) Equity income of affiliated companies $ (2) $ (7) $ (7) Interest income (3) (7) (2) Pension (income) — non service (13) (7) (37) Foreign exchange loss 4 6 2 Loss on remeasurement (1) — 13 — Others, net 1 — (3) $ (13) $ (2) $ (47) (1) Relates to the loss on remeasurement of the Series A Preferred Stock Agreements related to the Transaction. Refer to Note 21, Equity.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Note 7. Income Taxes The sources of income (loss) from continuing operations, before income taxes, classified between domestic entities and those entities domiciled outside of the U.S., are as follows: Year Ended December 31, 2024 2023 2022 (Dollars in millions) Domestic entities $ (65) $ (94) $ 7 Entities outside the U.S. 408 441 489 $ 343 $ 347 $ 496 Tax expense (benefit) Tax expense (benefit) consists of: Year Ended December 31, 2024 2023 2022 (Dollars in millions) Current: Federal $ (3) $ 12 $ 9 State 1 — 1 Foreign 56 50 50 $ 54 $ 62 $ 60 Deferred: Federal $ (9) $ (14) $ 9 State (1) 1 — Foreign 17 37 37 $ 7 $ 24 $ 46 $ 61 $ 86 $ 106 The U.S. federal statutory income tax rate is reconciled to our effective income tax rate as follows: Year Ended December 31, 2024 2023 2022 (Dollars in millions) U.S. federal statutory income tax rate 21.0 % 21.0 % 21.0 % Taxes on non-U.S. earnings different from U.S. tax (3.3) % (3.6) % (3.4) % Reserves for tax contingencies (4.7) % 0.2 % (0.4) % Non-deductible and permanent items — % — % 0.7 % Withholding and other taxes on foreign earnings 7.0 % 7.0 % 3.9 % Tax law changes 0.1 % (1.7) % 0.1 % Changes in valuation allowance (4.9) % 5.5 % (0.6) % All other items 2.6 % (3.6) % 0.1 % 17.8 % 24.8 % 21.4 % The effective tax rate decreased by 7.0 percentage points in 2024 compared to 2023. The decrease was primarily due to releases of reserves due to statute of limitation expirations and settlements with taxing authorities and release of valuation allowance related to deferred tax assets in Brazil (net of US branch taxes). In addition, there was prior year expense due to rate change impact on deferred tax assets attributable to the certification by the Chinese government of the High and New Technology Enterprise status of the Company’s China operations, which reduced the tax rate to 15% for the respective entity. These increases were partially offset by prior year tax benefits in Switzerland due to law changes (net of valuation allowance) and in Korea for prior year tax settlements. The effective tax rate increased by 3.4 percentage points in 2023 compared to 2022. The increase was primarily due to the rate change impact on deferred tax assets attributable to the certification by the Chinese government of the High and New Technology Enterprise status of the Company’s China operations, which reduced the tax rate to 15% for the respective entity. Further, withholding tax and other taxes on foreign earnings have comparatively increased due to one-time non-recurring benefit recorded in 2022 related to accrued taxes on distributable reserves. These increases were partially offset by 2023 tax benefits in Switzerland due to law changes (net of valuation allowance) and in Korea for prior year tax settlements. Deferred tax assets (liabilities) The tax effects of temporary differences and tax carryforwards which give rise to future income tax benefits and payables are as follows: December 31, 2024 2023 (Dollars in millions) Deferred tax assets: Intangibles and fixed assets $ 112 $ 139 Pension — 4 Accruals and reserves 29 30 Net operating losses and other tax attribute carryforwards 34 35 Outside basis differences 29 13 Other 70 55 Total deferred tax assets 274 276 Valuation allowance (29) (52) Net deferred tax assets $ 245 $ 224 Deferred tax liabilities: Outside basis differences $ (18) $ (9) Other (45) (26) Total deferred tax liabilities (63) (35) Net deferred tax asset $ 182 $ 189 As of December 31, 2024, the Company had foreign net operating loss carryforwards of approximately $67 million with the majority in the below jurisdictions: Jurisdiction Expiration Net Operating (Dollars in millions) Brazil Indefinite $ 42 Luxembourg 2038 14 China 2034 9 Other Various 2 $ 67 We also have net operating loss carryforwards in certain US state jurisdictions, the tax effect of which is not significant. We maintain a valuation allowance of $29 million against a portion of total deferred tax assets. In the event we determine that we will not be able to realize our net deferred tax assets in the future, we will reduce such amounts through an increase to tax expense in the period such determination is made. Conversely, if we determine that we will be able to realize net deferred tax assets in excess of the carrying amounts, we will decrease the recorded valuation allowance through a reduction to tax expense in the period that such determination is made. Our valuation allowance decreased $23 million from the prior period primarily attributable to a determination that we can ultimately benefit net deferred tax assets recorded in Brazil due to current and future forecasted earnings. Our balance sheet presents a deferred tax asset of $207 million and a deferred tax liability of $25 million after considering jurisdictional netting. The Company does not intend to permanently reinvest the undistributed earnings of our foreign subsidiaries and have recorded a deferred tax liability, mainly consisting of withholding taxes, of approximately $18 million as of December 31, 2024. The company has historically considered a portion of its undistributed foreign earnings in China as permanently reinvested. In the fourth quarter of 2024 the Company changed this assertion and these earnings are no longer considered permanently reinvested. The following table summarizes the activity related to the Company’s uncertain tax positions (excluding interest and penalties and related tax attributes): December 31, 2024 2023 2022 (Dollars in millions) Change in unrecognized tax benefits: Balance at beginning of year $ 66 $ 71 $ 80 Gross increases related to current period tax positions 5 3 4 Gross increases related to prior periods tax positions 2 — 5 Gross decreases related to prior periods tax positions — — — Decrease related to resolutions of audits with tax authorities (6) — — Expiration of the statute of limitations for the assessment of taxes (17) — (8) (14) Foreign currency translation (2) — (4) Balance at end of year $ 48 $ 66 $ 71 As of December 31, 2024, 2023, and 2022 there were $48 million, $66 million, and $71 million, respectively, of unrecognized tax benefits that, if recognized, would be recorded as a component of tax expense. The amount of unrecognized tax benefits that is reasonably possible to be resolved in the next twelve months (inclusive of interest and penalties) is expected to be approximately $22 million, all of which, if recognized, would reduce tax expense and the effective tax rate. Estimated interest and penalties related to uncertain tax benefits are classified as a component of tax expense in the Consolidated Statements of Operations and totaled $2 million of benefit, $5 million of expense, and $2 million of expense for the years ended December 31, 2024, 2023, and 2022, respectively. Accrued interest and penalties were $32 million, $34 million, and $29 million, as of December 31, 2024, 2023, and 2022, respectively.

Accounts, Notes and Other Recei

Accounts, Notes and Other Receivables—Net	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Accounts, Notes and Other Receivables—Net	Note 8. Accounts, Notes and Other Receivables—Net December 31, 2024 2023 (Dollars in millions) Trade receivables $ 521 $ 614 Notes receivables 96 101 Other receivables 74 99 691 814 Less — Allowance for expected credit losses (4) (6) $ 687 $ 808

Factoring and Notes Receivable

Factoring and Notes Receivable	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Factoring and Notes Receivable	Note 9. Factoring and Notes Receivable The Company enters into arrangements with financial institutions to sell eligible trade receivables. The receivables are sold without recourse and the Company accounts for these arrangements as true sales. The Company also receives guaranteed bank notes without recourse, in settlement of accounts receivables, primarily in the Asia Pacific region. The Company can hold the bank notes until maturity, exchange them with suppliers to settle liabilities, or sell them to third-party financial institutions in exchange for cash. Bank notes sold to third-party financial institutions without recourse are likewise accounted for as true sales. Year Ended December 31, 2024 2023 2022 (Dollars in millions) Eligible receivables sold without recourse $ 701 $ 783 $ 664 Guaranteed bank notes sold without recourse 161 92 102 The expenses related to the sale of trade receivables and guaranteed bank notes are recognized within Other expense, net in the Consolidated Statements of Operations, and were $4 million, $4 million and $2 million for the years ended December 31, 2024, 2023 and 2022, respectively. December 31, 2024 2023 (Dollars in millions) Receivables sold but not yet collected by the bank from the customer $ 6 $ 7 Guaranteed bank notes sold but not yet collected by the bank from the customer — —

Inventories_Net

Inventories—Net	12 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
Inventories—Net	Note 10. Inventories—Net December 31, 2024 2023 (Dollars in millions) Raw materials $ 230 $ 198 Work in process 18 21 Finished products 79 85 $ 327 $ 304 Less — Reserves (41) (41) $ 286 $ 263

Other Current Assets

Other Current Assets	12 Months Ended
	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Current Assets	Note 11. Other Current Assets December 31, 2024 2023 (Dollars in millions) Prepaid expenses $ 16 $ 15 Taxes receivable 18 18 Advanced discounts to customers, current 18 16 Customer reimbursable engineering 29 12 Foreign exchange forward contracts 13 12 Other — 2 $ 94 $ 75

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	Note 12. Other Assets December 31, 2024 2023 (Dollars in millions) Advanced discounts to customers, non-current $ 29 $ 41 Operating right-of-use assets 52 40 Income tax receivable 21 20 Pension and other employee related 23 11 Derivatives designated as net investment hedges 70 37 Designated and undesignated derivatives 20 46 Other 9 11 $ 224 $ 206

Property, Plant and Equipment_N

Property, Plant and Equipment—Net	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment—Net	Note 13. Property, Plant and Equipment, Net December 31, 2024 2023 (Dollars in millions) Land and improvements $ 13 $ 14 Buildings and improvements 150 153 Machinery and equipment 702 732 Tooling 433 435 Software 90 83 Construction in progress 98 96 Others 25 24 1,511 1,537 Less — Accumulated depreciation and amortization (1,062) (1,060) $ 449 $ 477 Depreciation and amortization expense amounted to $90 million, $90 million and $84 million for the years ended December 31, 2024, 2023 and 2022, respectively.

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Note 14. Goodwill There were no changes to the carrying amount of goodwill for the years ended December 31, 2024 and 2023 : December 31, 2024 2023 (Dollars in millions) Goodwill $ 193 $ 193

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Dec. 31, 2024
Accrued Liabilities, Current [Abstract]
Accrued Liabilities	December 31, 2024 2023 (Dollars in millions) Customer pricing reserve $ 77 $ 57 Compensation, benefits and other employee related 74 80 Repositioning 12 9 Product warranties and performance guarantees - Short-term 15 18 Income and other taxes 32 42 Customer advances and deferred income (1) 16 15 Accrued interest 14 26 Short-term lease liability 11 9 Freight accrual 9 9 Dividends declared (Note 21) 12 — Designated and undesignated derivatives 8 12 Other (primarily operating expenses) (2) 19 16 $ 299 $ 293 (1) Customer advances and deferred income include $8 million and $9 million of contract liabilities as of December 31, 2024 and 2023 , respectively. See Note 4, Revenue Recognition and Contracts with Customers . (2) Includes $6 million and $5 million of environmental liabilities as of December 31, 2024 and 2023 , respectively. The Company incurs repositioning costs related to projects to optimize our product costs and to right-size our organizational structure. Expenses related to the repositioning costs are included in Cost of goods sold and Selling, general and administrative expenses in our Consolidated Statements of Operations. Severance Other Costs Total (Dollars in millions) Balance at December 31, 2022 $ 9 $ — $ 9 Charges 11 2 13 Usage—cash (11) — (11) Non-cash asset write-offs — (2) (2) Balance at December 31, 2023 9 — 9 Charges 21 — 21 Usage—cash (18) — (18) Balance at December 31, 2024 $ 12 $ — $ 12

Long-term Debt and Credit Agree

Long-term Debt and Credit Agreements	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Long-term Debt and Credit Agreements	Note 16. Long-term Debt and Credit Agreements Long Term Debt Senior Notes On May 21, 2024, Garrett Motion Holdings Inc. and Garrett LX I S.à.r.l. (the "Issuers"), wholly owned subsidiaries of the Company, completed an offering of $800 million in aggregate principal amount of 7.75% Senior Unsecured Notes due 2032 (the "2032 Senior Notes"). The 2032 Senior Notes mature on May 31, 2032. The Company incurred $12 million of debt issuance costs, which have been capitalized and will be amortized on a straight-line basis. The 2032 Senior Notes are guaranteed by the Company and each of the Company's wholly owned subsidiaries that guarantee obligations under the existing Credit Agreement (as defined below), subject to certain exceptions. The proceeds from the sale of the 2032 Senior Notes, together with cash on hand, were used to repay approximately $800 million of term loan indebtedness, as described below, and to pay related fees and expenses. Term Loans On the Effective Date, in accordance with the Plan, the Company entered into a credit agreement (as amended from time to time, the “Credit Agreement”) with JPMorgan Chase Bank, N.A. as administrative agent. The Credit Agreement provides for the following long-term senior secured financing (collectively, the "Term Loan Facilities") : • 2021 Dollar Facility : a seven-year secured first-lien U.S. Dollar term loan facility for $715 million (the "2021 Dollar Term Facility"); • 2023 Dollar Facility : a five-year secured first-lien U.S. Dollar term loan facility for $700 million (the "2023 Dollar Term Facility"); and • Euro Facility : a seven-year secured first-lien Euro term loan facility for €450 million (the "Euro Term Facility"). The principal outstanding and carrying amounts of our long-term debt as of December 31, 2024 and 2023 are as follows: December 31, (Dollars in millions) Maturity Date Interest Rate 2024 2023 2021 Dollar Term Facility April 30, 2028 SOFR plus 275 bps $ 692 $ 699 2023 Dollar Term Facility April 30, 2028 SOFR plus 450 bps — 500 Euro Term Facility April 30, 2028 EURIBOR plus 350 bps — 497 2032 Senior Notes May 31, 2032 7.75% 800 — Other 1 — Total principal outstanding 1,493 1,696 Less: unamortized deferred financing costs (22) (46) Less: current portion of long-term debt (7) (7) Total long-term debt $ 1,464 $ 1,643 The following table summarizes the minimum scheduled principal repayments of long-term debt as of December 31, 2024: December 31, (Dollars in millions) 2025 $ 7 2026 7 2027 7 2028 672 2029 — Thereafter 800 Total payments on long-term debt $ 1,493 Revolving Facility and Letters of Credit The Credit Agreement also provides for a senior secured first-lien revolving credit facility providing for multi-currency revolving loans (the "Revolving Facility", and together with the Term Loan Facilities, the "Credit Facilities"). The Revolving Facility matures on April 30, 2028 and has a maximum borrowing capacity of $600 million. See discussion in " Amendments to the Credit Agreement" , below). Under the Revolving Facility, the Company may use up to $125 million for the issuance of letters of credit to its subsidiaries. Letters of credit are available for issuance under the Credit Agreement on terms and conditions customary for financings of this kind, which issuances will reduce availability under the Revolving Facility. As of December 31, 2024, the Company had no borrowings outstanding under the Revolving Facility, no outstanding letters of credit, and available borrowing capacity of $600 million. As of December 31, 2023, the Company had no borrowings outstanding under the Revolving Facility, no outstanding letters of credit, and available borrowing capacity of $570 million. Separate from the Revolving Facility, the Company has a bilateral letter of credit facility with outstanding letters of credit of $8 million and $12 million at December 31, 2024 and 2023, respectively. The letters of credit typically support customs arrangements and other obligations at its local affiliates. Amendments to the Credit Agreement The Company entered into a first and second amendment of the Credit Agreement on January 11, 2022 and March 22, 2022, respectively. Under the first amendment, the maximum borrowing capacity under the Revolving Facility was increased from $300 million to $475 million. The London Inter-bank Offered Rate ("LIBOR") was replaced as an available rate at which borrowings under the Revolving Facility could accrue with, for loans borrowed in U.S. Dollars, the daily Secured Overnight Financing Rate (“SOFR”) published by the Federal Reserve Bank of New York and for loans borrowed in Australian Dollars, the average bid reference rate administered by ASX Benchmarks Pty Limited. The second amendment removed the requirement that payments made in cash for the benefit of holders of shares of the Company's Series A Preferred Stock on or before December 31, 2022 be made on a ratable basis to the holders of the Common Stock, and made additional clarifying amendments to certain provisions. On April 27, 2023, the Company entered into a third amendment to the Credit Agreement (the "Third Amendment") which provided for additional financing consisting of the 2023 Dollar Term Facility. The full amount of the 2023 Dollar Term Facility was drawn on June 6, 2023 (the "Third Amendment Closing Date"), and the proceeds were primarily used to finance the repurchases of the Series A Preferred Stock as part of the Transaction, and pay fees and expenses incurred in connection with this amendment. The 2023 Dollar Term Facility will mature on April 30, 2028. Prior to maturity, the 2023 Dollar Term Facility will be repaid quarterly in an amount equal to, during the first two years occurring after the Third Amendment Closing Date, 7.50% per annum of the aggregate principal amount, and thereafter, 10.00% per annum. The Company may prepay the 2023 Dollar Term Facility at any time in whole or in part without premium or penalty, subject to certain exceptions (including for (i) customary breakage and redeployment costs in the case of prepayment of term benchmark rate loans and (ii) certain repricing events occurring during the period from the Third Amendment Closing Date to the date that is twelve months following the Third Amendment Closing Date). The Third Amendment also provided for (i) a further increase in the maximum borrowing amount under the Revolving Facility by $95 million (the “Incremental Revolving Commitment”) to an aggregate amount of $570 million; and (ii) an extension of the maturity date for the Revolving Facility by two years from April 30, 2026 to April 30, 2028 (or January 30, 2028 if any of the currently outstanding term loans or term loans under the 2023 Dollar Term Facility maturing as of April 30, 2028 remain outstanding as of such date). The Incremental Revolving Commitment has the same terms and is generally subject to the same conditions applicable to the existing revolving facility under the Credit Agreement, except for fees paid in connection with the arrangement of the increased amount. On May 21, 2024, the Company entered into Amendment No. 4 (the "Fourth Amendment") and Amendment No. 5 (the "Fifth Amendment") to the Credit Agreement. The Fourth Amendment (i) removed the credit spread adjustment with respect to certain US dollar denominated term loan borrowings that are Term Benchmark Loans (as defined in the Credit Agreement) and (ii) reduced the Applicable Rate (as defined in the Credit Agreement) on certain US dollar denominated term loans to 2.75% for Term Benchmark Loans and 1.75% for ABR Loans (as defined in the Credit Agreement). The Fifth Amendment increased the amount of revolving loan commitments available to the Company under the Credit Agreement by $30 million ("Incremental Revolving Commitment") to an aggregate amount of $600 million, as discussed below. The Incremental Revolving Commitment has the same terms and is subject to the same conditions applicable to revolving loans generally under the Credit Agreement. Security The Credit Facilities are secured on a first-priority basis by: (i) a perfected security interest in the equity interests of each direct material subsidiary of each guarantor under the Credit Facilities and (ii) perfected security interests in, and mortgages on, substantially all tangible and intangible personal property and material real property of each of the guarantors under the Credit Facilities, subject, in each case, to certain exceptions and limitations, including the agreed guaranty and security principles. The guarantors organized under the laws of England and Wales, Luxembourg, Switzerland and the United States entered into security documents securing the obligations of each borrower concurrently with the effectiveness of the Credit Agreement. The guarantors organized under the laws of Australia, Ireland, Japan, Mexico, Romania and Slovakia have subsequently executed security documents. Interest Rate and Fees The 2032 Senior Notes bear interest at a rate of 7.75% per annum. Interest on the 2032 Senior Notes is payable semi-annually in arrears on May 31 and November 30 of each year, commencing on November 30, 2024. The 2021 Dollar Term Facility is subject to an interest rate, at our option, of either (a) an alternate base rate (“ABR”) (which shall not be less than 1.50%) or (b) an adjusted SOFR rate ("SOFR") (which shall not be less than 0.50%), in each case, plus an applicable margin equal to 2.75% in the case of SOFR loans and 1.75% in the case of ABR loans. As of December 31, 2024, the Revolving Facility is subject to an interest rate comprised of an applicable benchmark rate (which shall not be less than 1.00% if such benchmark is the ABR rate and not less than 0.00% in the case of other applicable benchmark rates) that is selected based on the currency in which borrowings are outstanding thereunder, in each case, plus an applicable margin that may vary based on our leverage ratio. Accordingly, the interest rates for the Credit Facilities will fluctuate during the term of the Credit Agreement based on changes in the ABR, SOFR and other applicable benchmark rates or future changes in our leverage ratio. Interest payments with respect to the Term Loan Facilities are required either on a quarterly basis (for ABR loans) or at the end of each interest period (for SOFR loans) or, if the duration of the applicable interest period exceeds three months, then every three months. In addition to paying interest on outstanding borrowings under the Revolving Facility, the Company is required to pay a quarterly commitment fee based on the unused portion of the Revolving Facility, which is determined by our leverage ratio and ranges from 0.25% to 0.50% per annum. Prepayments 2032 Senior Notes The Issuers may redeem some or all of the 2032 Senior Notes at its option prior to May 31, 2027, at a redemption price equal to 100% of the principal amount of the 2032 Senior Notes redeemed, plus a customary "make-whole" premium, plus accrued and unpaid interest excluding, the redemption date. At any time prior to May 31, 2027, the Issuers may also redeem up to 40% of the aggregate principal amount of the 2032 Senior Notes with funds in an aggregate amount not to exceed the net cash proceeds from certain equity offerings at a redemption price equal to 107.750% of principal plus accrued and unpaid interest. The issuers may redeem the 2032 Senior Notes at its option, in whole at any time or in part from time to time, at the following redemption prices: • from May 31, 2027 to May 30, 2028: Redemption Price equal to 103.875% of principal plus accrued and unpaid interest; • from May 31, 2028 to May 30, 2029: Redemption Price equal to 101.938% of principal plus accrued and unpaid interest; and • from May 31, 2029 and Thereafter: Redemption Price equal to 100% of principal plus accrued and unpaid interest Additionally, the Issuers may redeem all, but not part, of the 2032 Senior Notes upon the occurrence of specified tax events as described in the indenture. Term Loans The Company is obligated to make quarterly principal payments throughout the term of the 2021 Dollar Facility and the 2023 Dollar Term Facility according to the amortization provisions in the Credit Agreement. Such payments may be reduced from time to time in accordance with the terms of the Credit Agreement as a result of the application of loan prepayments made by us, if any, prior to the scheduled date of payment thereof. We may voluntarily prepay borrowings under the Credit Agreement without premium or penalty, subject to a 1.00% prepayment premium in connection with certain repricing events in connection with the 2023 Dollar Term facility during the period from the Third Amendment Closing Date to the date that is twelve months following the Third Amendment Closing Date and customary "breakage” costs with respect to SOFR and EURIBOR loans. We may also reduce the commitments under the Revolving Facility, in whole or in part, in each case, subject to certain minimum amounts and increments. The Credit Agreement also contains certain mandatory prepayment provisions in the event that we incur certain types of indebtedness, receive net cash proceeds from certain non-ordinary course asset sales or other dispositions of property or, starting with the fiscal year ending on December 31, 2022, 0.50% of excess cash flow on an annual basis (with step-downs to 25% and 0% subject to compliance with certain leverage ratios), in each case subject to terms and conditions customary for financings of this kind. During the year ended December 31, 2023, the Company made an early repayment in the amount of $200 million on the 2023 Dollar Term Facility. The early repayment resulted in incremental amortization on debt issuance cost of $9 million, included within Interest Expense in the Consolidated Statement of Operations. During the year ended December 31, 2024, we made early debt repayments totalling $985 million on our Euro Term Facility and our 2023 Dollar Term Facility. Both term loans were fully repaid as of December 31, 2024. The early repayments resulted in incremental amortization of debt issuance costs of $27 million, included within Interest expense in the Consolidated Statement of Operations. Representations and Warranties The Credit Agreement contains certain representations and warranties (subject to certain agreed qualifications) that are customary for financings of this kind. Certain Covenants 2032 Senior Notes The 2032 Senior Notes contain certain covenants that limit the ability of the Company and its restricted subsidiaries to incur certain additional debt, incur certain liens securing debt, pay certain dividends or make other restricted payments, make certain investments, make certain asset sales, and enter into certain transactions with affiliates. These covenants are subject to a number of exceptions, limitations, and qualifications as set forth in the 2032 Senior Notes indenture. Additionally, the indenture contains certain change of control provisions that, under certain conditions, would require the Company to make an offer to repurchase all of the outstanding 2032 Senior Notes at a price equal to 101% of the aggregate principal amount, plus accrued and unpaid interest. The indenture also contains customary events of default. Term Loans The Credit Agreement contains certain affirmative and negative covenants customary for financing of this type. The Revolving Facility also contains a financial covenant requiring the maintenance of a consolidated total leverage ratio of not greater than 4.7 times as of the end of each fiscal quarter if, on the last day of any such fiscal quarter, the aggregate amount of loans and letters of credit (excluding backstopped or cash collateralized letters of credit and other letters of credit with an aggregate face amount not exceeding $30 million) outstanding under the Revolving Facility exceeds 35% of the aggregate commitments thereunder. Recent changes in our term loan are discussed in Note 29, Subsequent Events . As of December 31, 2024, the Company was in compliance with all its financing covenants.

Mandatorily Redeemable Series B

Mandatorily Redeemable Series B Preferred Stock	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Mandatorily Redeemable Series B Preferred Stock	Note 17. Mandatorily Redeemable Series B Preferred Stock On the Effective Date, pursuant to the Plan, the Company issued 834,800,000 shares of Series B Preferred Stock to Honeywell in satisfaction of certain claims of Honeywell. During the year ended December 31, 2022, the Company redeemed 488,811,503 shares of Series B Preferred Stock, representing the entirety of the remaining outstanding shares, for a total aggregate price of $409 million, of which $28 million related to settlement of accrued interest. A loss on extinguishment of debt of $5 million was recognized in the Consolidated Statement of Operations related to the final early redemption. There were no shares of Series B Preferred Stock outstanding as of December 31, 2024, 2023 and 2022.

Leases

Leases	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Leases	Note 18. Leases We have opera ting leases that primarily consist of real estate, machinery and equipment. As of December 31, 2024, the Company has not identified any material finance leases. Our leases have remaining lease terms of up to 13 years, some of which include options to extend the leases for up to two years, and some of which include options to terminate the leases within the year. The components of lease expense are as follows: Year Ended December 31, 2024 2023 2022 (Dollars in millions) Operating lease cost $ 17 $ 16 $ 16 Supplemental cash flow information related to operating leases is as follows: Year Ended December 31, 2024 2023 2022 (Dollars in millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 33 $ 13 $ 13 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 11 $ 3 $ 5 Supplemental balance sheet information related to operating leases is as follows: Year Ended December 31, 2024 2023 (Dollars in millions) Other assets $ 52 $ 40 Accrued liabilities 11 9 Other liabilities 42 33 Year Ended December 31, 2024 2023 Weighted-average lease term (in years) 6.89 8.08 Weighted-average discount rate 6.71 % 5.69 % Maturities of operating lease liabilities are as follows: Year Ended December 31, 2024 (Dollars in millions) 2025 $ 14 2026 12 2027 11 2028 7 2029 4 Thereafter 17 Total lease payments 65 Less imputed interest (12) $ 53

Financial Instruments and Fair

Financial Instruments and Fair Value Measures	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments and Fair Value Measures	Note 19. Financial Instruments and Fair Value Measures Credit and Market Risk We continually monitor the creditworthiness of our customers to which we grant credit terms in the normal course of business. The terms and conditions of our credit sales are designed to mitigate or eliminate concentrations of credit risk with any single customer. Foreign Currency Risk Management The Company is exposed to market risks from changes in currency exchange rates. These exposures may impact future earnings and/or operating cash flows. Our exposure to market risk for changes in foreign currency exchange rates arises from international financing activities between subsidiaries, foreign currency denominated monetary assets and liabilities and transactions arising from international trade. We hedge currency exposures with natural offsets to the fullest extent possible and, once these opportunities have been exhausted, through foreign currency exchange forward contracts. The forward currency exchange contracts are intended to mitigate exposure to foreign exchange rate volatility and the associated impact on earnings related to forecasted foreign currency commitments. Certain of these forward currency exchange contracts are designated as cash flow hedges, whereby the gains and losses on these derivatives are recorded in AOCI until the underlying transactions are recognized in earnings. As of December 31, 2024 and 2023, we had outstanding designated and undesignated forward currency exchange contracts with aggregate gross notional amounts of $928 million and $1,171 million, respectively, to hedge foreign currencies, principally the U.S. Dollar, Swiss Franc, British Pound, Euro, Chinese Yuan, Japanese Yen, Mexican Peso, New Romanian Leu, Czech Koruna, Australian Dollar and Korean Won. The Company uses fixed-to-fixed cross-currency swap contracts to mitigate the foreign currency risk on its 2032 Senior Notes. The cross-currency swap contract is designated as a cash flow hedge, with changes in the fair value of the derivative recorded in AOCI and reclassified into earnings based upon changes in the spot rate remeasurement of the underlying debt. The Company also uses cross-currency swap contracts to hedge net investments in foreign subsidiaries. These cross-currency swap contracts are designated as net investment hedges, and the gains and losses on these derivatives are recorded in AOCI until the net investment is liquidated or sold. Interest Rate Risk Management The Company is also exposed to market value risk associated with interest rate fluctuations on its variable rate term loan debt. To manage interest rate exposure, the Company enters into interest rate swap contracts. Certain of these interest rate swap contracts are designated as cash flow hedges, whereby the gains and losses on these derivatives are recorded in AOCI until the underlying transactions are recognized in earnings. Fair Value of Financial Instruments The FASB’s accounting guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). Financial and nonfinancial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2024 and 2023: Fair Value Notional Amounts Assets Liabilities December 31, December 31, December 31, December 31, December 31, December 31, (Dollars in millions) Designated instruments: Forward currency exchange contracts $ 331 $ 456 $ 4 $ 11 (a) $ 6 $ 6 (c) Cross-currency swaps 1,515 1,015 82 37 (b) — 17 (d) Interest rate swaps — 200 — — (b) — — Subtotal 1,846 1,671 86 48 6 23 Undesignated instruments: Interest rate swaps 470 917 9 46 (b) 3 3 (d) Forward currency exchange contracts 597 715 9 1 (a) 2 6 (c) Subtotal 1,067 1,632 18 47 5 9 Total designated and undesignated instruments $ 2,913 $ 3,303 $ 104 $ 95 $ 11 $ 32 (a) Recorded within Other current assets in the Company’s Consolidated Balance Sheets (b) Recorded within Other assets in the Company’s Consolidated Balance Sheets (c) Recorded within Accrued liabilities in the Company’s Consolidated Balance Sheets (d) Recorded within Other liabilities in the Company's Consolidated Balance Sheets Cash Flow Hedges During 2023, the Company entered into float-to-fixed interest rate swap contracts with an aggregate notional amount of $200 million and maturities in July 2024 and October 2024. The Company also entered into a float-to-fixed cross-currency swap contract comprised of an amortizing swap with an aggregate notional amount of €280 million ($300 million) and notional exchanges in June 2026, June 2027, and June 2028. The interest rate swap and cross-currency swap contracts were early settled in 2024, resulting in net gains of $18 million recorded to Interest expense and a $4 million loss recorded to Non-operating expense in the Consolidated Statement of Operations. The Company also has outstanding forward currency exchange contracts with maturities up to 18 months and an aggregate notional amount of $331 million and $456 million as of December 31, 2024 and 2023, respectively. These forward currency exchange contracts have been designated as cash flow hedges to mitigate foreign currency exposures primarily on our inventory purchases and manufacturing costs. The gains and losses on the forward currency exchange contracts are recorded in AOCI and reclassified to Cost of goods sold in the Consolidated Statement of Operations when the underlying transactions are recognized in earnings. In order to mitigate foreign currency risk on its 2032 Senior Notes, the Company entered into fixed-to-fixed cross-currency swap contracts with an aggregate notional amount of €507 million ($550 million) and notional exchanges in May 2027, May 2028, May 2029 and May 2030. Changes in the fair value of the cross-currency swap contracts are recognized in AOCI and reclassified to Non-operating income in the Consolidated Statement of Operations, based upon changes in the spot rate remeasurement of the underlying debt. The net interest settlements on the cross-currency swap contract are recorded in Interest expense in the Consolidated Statements of Operations. All of the Company’s cash flow hedges are assessed as highly effective. For the years ended December 31, 2024 and 2023, the Company recorded a loss of $8 million, net of tax, and a loss of $15 million, net of tax, respectively, in Other comprehensive income. Net Investment Hedges The Company has designated cross-currency swaps with an aggregate notional amount of €858 million ($965 million) and €615 million ($715 million) as of December 31, 2024 and 2023, respectively, as net investment hedges of the Company’s Euro-denominated operations. In April 2024, the Company re-couponed the cross-currency swap contracts and received a cash settlement of $13 million. The fair values of the net investment hedges were net assets of $70 million and $37 million as of December 31, 2024 and 2023, respectively. Our Consolidated Statements of Comprehensive Income includes Changes in fair value of net investment hedges, net of tax, of a $49 million gain and a $9 million loss for the years ended December 31, 2024, and 2023, respectively. No ineffectiveness has been recorded on the net investment hedges. Non-Designated Derivatives As of December 31, 2024 and 2023, the Company has outstanding float-to-fixed interest rate swap contracts with an aggregate notional amount of €450 million ($470 million) and €830 million ($917 million), respectively, and maturities of April 2025, April 2026 and April 2028. Changes in the fair value of the undesignated interest rate swap contracts are recorded in Interest expense in the Consolidated Statements of Operations. For the years ended December 31, 2024 and 2023, the Company recorded losses of $37 million and $33 million, respectively, in Interest expense. The Company also has outstanding forward currency exchange contracts with maturities generally up to 3 months and an aggregate notional amount of $597 million and $715 million as of December 31, 2024 and 2023, respectively. These derivatives are not designated as hedging instruments and are adjusted to fair value through Non-operating income in the Consolidated Statements of Operations. For the years ended December 31, 2024 and 2023, the Company recorded a gain of $12 million and a loss of $8 million, respectively, in Non-operating income. Fair Value Measurement The foreign currency exchange, interest rate swap and cross-currency swap contracts are valued using market observable inputs. As such, these derivative instruments are classified within Level 2. The assumptions used in measuring fair value of the cross-currency swap contracts are considered Level 2 inputs, which are based upon market observable interest rate curves, cross currency basis curves, credit default swap curves, and foreign exchange rates. The carrying value of Cash, cash equivalents and restricted cash, Account receivables and Notes and Other receivables contained in the Consolidated Balance Sheets approximates fair value. The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value: December 31, 2024 Carrying Value Fair Value (Dollars in millions) Term Loan Facilities $ 692 $ 693 2032 Senior Notes 800 810 The Company determined the fair value of its long-term debt and related current maturities utilizing transactions in the listed markets for similar liabilities. As such, the fair value of the Term Loan Facilities and related current maturities is considered Level 2. The fair value of the 2032 Senior Notes was determined using quoted prices from daily exchange traded markets and is classified as a Level 1 measurement.

Other Liabilities

Other Liabilities	12 Months Ended
	Dec. 31, 2024
Other Liabilities Disclosure [Abstract]
Other Liabilities	Note 20. Other liabilities December 31, 2024 2023 (Dollars in millions) Income taxes $ 79 $ 99 Designated and undesignated derivatives 3 20 Pension and other employee related 18 23 Long-term lease liability 42 33 Advanced discounts from suppliers 2 3 Product warranties and performance guarantees – Long-term 8 9 Environmental Remediation – Long-term 10 13 Long-term accounts payable 5 7 Other 15 11 $ 182 $ 218

Equity

Equity	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Equity	Note 21. Equity Series A Preferred Stock On April 30, 2021, in connection with the Emergence, the Company issued 247,757,290 shares of the Company's Series A Preferred Stock to affiliated funds of Centerbridge, affiliated funds of Oaktree (together with Centerbridge, the "C&O Investors"), and certain other investors and parties. On April 12, 2023 (the “Transaction Date”), the Company entered into separate definitive agreements (the “Agreements”) with each of Centerbridge and Oaktree to effect a series of integrated transactions (collectively, the “Transaction”) designed to simplify the Company’s capital structure by converting all outstanding shares of Series A Preferred Stock into a single class of Common Stock, subject to certain conditions. Under the terms of the Agreements, the Company agreed to purchase a total of $570 million in shares of SeriesA Preferred Stock from the C&O Investors at a cash price per share to be based on the volume-weighted average price of the Common Stock for the fifteen Additionally, under the terms of the Agreements, all holders of Series A Preferred Stock, including the C&O Investors, were entitled to receive (i) $0.853509 per share of Series A Preferred Stock, representing accumulated and unpaid preference dividends through June 30, 2023 on each share of Series A Preferred Stock (the “Accumulated Dividends”), which would be paid out in shares of Common Stock valued at the 15 Days VWAP, and (ii) $0.144375 per share of Series A Preferred Stock, representing the preference dividends that would have accrued on the Series A Preferred Stock through September 30, 2023 (the “Additional Amounts”), which would be paid out in cash. In the second quarter of 2023, the Company completed the following steps in connection with the Transaction: • The Company issued 25,577,517 shares of Common Stock to holders of the Series A Preferred Stock in respect of the Accumulated Dividends, with immaterial cash payments made in lieu of issuing fractional shares; • The Company paid approximately $35 million in aggregate to holders of the Series A Preferred Stock in respect of the Additional Amounts, consisting of $10 million to the C&O Investors in consideration of shares to be repurchased and $25 million to all holders in consideration of shares to be converted, which Additional Amounts were considered to be a deemed dividend; • The Company repurchased 69,707,719 shares of Series A Preferred Stock from the C&O Investors at the 15 Days VWAP for an aggregate purchase price of $570 million; and • The remaining 175,337,712 shares of Series A Preferred Stock were converted into 175,337,712 shares of Common Stock, and trading of the Series A Preferred Stock on Nasdaq was subsequently suspended. The Agreements were accounted for as freestanding physically settled forward purchase contracts. The Agreements were initially recorded at fair value and then remeasured through earnings until the establishment of the 15 Days VWAP, whereupon the Agreements were subsequently measured based on the amount of consideration to be paid at settlement. A Monte-Carlo simulation model was used to determine the Transaction Date fair value of the Agreements by simulating a range of possible future stock prices for the Company through the expected settlement date of the Agreements. The significant assumptions utilized in estimating the fair value of the Agreements include: (i) a dividend yield of 0.0%; (ii) an expected volatility of 40.0%; (iii) a risk-free interest rate of 4.23% based on observed interest rates from the Treasury Constant Maturity yield curve consistent with the simulation term; and (iv) a starting share price of $8.25 based on the market price of the Common Stock as of the Transaction Date. The initial fair value of the Agreements represented a forward purchase liability of $4 million. A loss of $13 million was recognized in Non-operating expense in the Consolidated Statement of Operations to reflect the subsequent remeasurement of fair value of the Agreements due to changes in the market price of the Company’s Common Stock. The difference between the fair value of consideration transferred under the Agreements and the carrying value of the repurchased Series A Preferred Stock, amounting to $201 million, was recorded to Retained Deficit as a deemed dividend on the repurchase of Series A Preferred Stock from the C&O Investors as part of the Transaction. A liability for excise tax, amounting to $6 million, was also recorded to Retained Deficit as a deemed dividend. The following table summarizes the effects of the Transaction on the Consolidated Financial Statements as of and for the year ended December 31, 2023 : Series A Repurchase 2023 Conversion Settlement of Accumulated Dividends Excise tax on Series A Repurchase Total (Dollars in millions) Consolidated Balance Sheet - increase/(decrease): Cash and cash equivalents $ (580) $ (25) $ — $ — $ (605) Accrued liabilities — — — 6 6 Preferred Stock — — — — — Common Stock — — — — — Additional Paid-in capital (366) — 209 — (157) Retained earnings (201) (25) (209) (6) (441) Consolidated Statement of Operations: Non-operating expenses 13 — — — 13 Consolidated Statement of Cash Flows Repurchases of Series A Preferred Stock (580) — — — (580) Payments for Additional Amounts for conversion of Series A Preferred Stock — (25) — — (25) The Company incurred $9 million of Transaction-related costs for the year ended December 31, 2023, primarily for legal and advisory services that are included in Selling, general and administrative expenses in the Consolidated Statement of Operations. Common Stock On December 5, 2024, the Board of Directors declared a cash dividend of $0.06 per share of Common Stock, payable on January 31, 2025, to shareholders of record as of January 15, 2025. The total amount of dividends paid on January 31, 2025, amounted to $12 million. Dividends payable on shares of Common Stock to be distributed under the Company's Long-Term Incentive Plan will be paid if and when such shares are distributed. See also Note 23, Stock-Based Compensation for further discussion. Treasury Stock Treasury stock represents shares of the Company's Common Stock that have been issued and subsequently repurchased by the Company or withheld to satisfy withholding tax obligations in connection with equity award vestings, and that have not been retired or cancelled. The Company accounts for treasury stock under the cost method and includes treasury stock as a component of Equity (Deficit) on the Consolidated Balance Sheet. The Company accounts for the reissuance of treasury stock using the average cost method. The Company did not reissue or retire any shares of treasury stock during the year ended December 31, 2024. Share Repurchase Program

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Note 22. Accumulated Other Comprehensive Income (Loss) The changes in AOCI by component are shown below: Year Ended December 31, 2024 2023 2022 (Dollars in millions) Foreign Exchange Translation Adjustment Balance at beginning of year $ (57) $ (44) $ (43) Other comprehensive income (loss) before reclassifications 35 (13) (1) Amounts reclassified from AOCI (5) — — Balance at end of year (27) (57) (44) Pension Adjustments Balance at beginning of year (20) (18) (9) Other comprehensive income (loss) before reclassifications, net (1) 14 1 18 Amounts reclassified from AOCI, net (9) (3) (27) Balance at end of year (15) (20) (18) Changes in Fair Value of Effective Cash Flow Hedges Balance at beginning of year (2) 13 7 Other comprehensive income (loss) before reclassifications, net (2) 21 (2) 24 Amounts reclassified from AOCI, net (29) (13) (18) Balance at end of year (10) (2) 13 Changes in Fair Value of Net Investment Hedges Balance at beginning of year 76 85 41 Other comprehensive income (loss) before reclassifications, net (3) 49 (9) 44 Balance at end of year 125 76 85 Accumulated other comprehensive income (loss), end of year $ 73 $ (3) $ 36 (1) Net of tax expense (benefit) of $1 million, $(1) million, and $2 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amounts are included in the computation of net periodic benefit cost. See Note 26, Defined Benefit Pension Plans. (2) Net of tax expense (benefit) of $(1) million, $3 million, and $(2) million for the years ended December 31, 2024, 2023 and 2022, respectively. (3) Net of tax expense (benefit) of $14 million, $1 million, and $(13) million for the years ended December 31, 2024, 2023 and 2022, respectively. Reclassifications from accumulated other comprehensive income (loss) to income were as follows: Year Ended December 31, 2024 2023 2022 (Dollars in millions) Foreign Exchange Translation Adjustment Reclassification adjustments recognized in income (1) $ (5) $ — $ — Amounts reclassified from AOCI (5) — — Pension Adjustments Reclassification to Non-operating (income) expense $ (10) $ (3) $ (31) Tax effect on reclassification to income 1 — 4 Amounts reclassified from AOCI, net (9) (3) (27) Changes in Fair Value of Effective Cash Flow Hedges Reclassification forward currency exchange contracts to Cost of goods sold $ (3) $ (23) $ (21) Reclassification cross-currency swaps to Interest expense (4) (3) — Reclassification cross-currency swaps to Non-operating expense (income) (26) 10 — Tax effect on reclassification to income 4 3 3 Amounts reclassified from AOCI, net (29) (13) (18) Total reclassifications for the year $ (43) $ (16) $ (45)

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Note 23. Stock-Based Compensation 2021 Long-Term Incentive Plan On May 25, 2021, the Garrett Motion Inc. 2021 Long-Term Incentive Plan (the “Long-Term Incentive Plan”) was adopted. The Long-Term Incentive Plan provides for the grant of stock options, stock appreciation rights, performance awards, restricted stock units, restricted stock, other stock-based awards, and cash-based awards to employees and non-employee directors of Garrett or its affiliates, and independent contractors or consultants of Garrett. The maximum aggregate number of shares of our Common Stock that may be issued under the Long-Term Incentive Plan is 31,280,476 shares. As of December 31, 2024, an aggregate of 8,931,710 shares of our Common Stock were awarded, net of forfeitures and 22,348,766 shares of our Common Stock were available for future issuance under the Long-Term Incentive Plan. Restricted Stock Units ("RSUs") RSUs are issued to certain key employees and directors at fair market value at the date of grant. RSUs typically vest over 3 to 5 years and when vested, each unit entitles the holder to one share of our Common Stock. The following table summarizes information about RSU activity: Number of Restricted Stock Units Weighted Average Grant Date Fair Value Per Share Non-vested at December 31, 2022 2,401,900 $ 7.48 Granted 1,522,111 8.20 Vested (718,546) 7.46 Forfeited (170,020) 7.29 Non-vested at December 31, 2023 3,035,445 $ 7.86 Granted 1,391,412 9.45 Vested (1,428,791) 7.54 Forfeited (152,195) 8.46 Non-vested at December 31, 2024 2,845,871 $ 8.76 As of December 31, 2024, there was $15 million of total unrecognized compensation cost related to unvested RSUs, which is expected to be recognized over a weighted-average period of 1.74 years. Performance Stock Units ("PSUs") As of December 31, 2024, an aggregate of 4,150,849 PSU awards were granted to officers and certain key employees under the Long-Term Incentive Plan, which, upon vesting, entitles the holder to shares of our Common Stock. The actual number of shares an employee receives for each PSU depends on the Company’s performance against various measures. For PSUs, the performance measures are based on Adjusted EBITDA and Adjusted EBITDA margin, weighted 50% each, over a three-year performance period. The PSUs vest at levels ranging from 0% to 200% of the target level depending on the Company’s performance against the financial measures. Additionally, certain PSUs were also granted in 2023 and 2024 that included a performance measure for relative total shareholder return (“rTSR”) with stock price hurdles measured over a three-year performance period. Each grantee is granted a target level of PSUs and may earn between 0% and 200% of the target level depending on the achievement of the rTSR. The awards associated with the rTSR performance measures are considered to have a market condition. A Monte-Carlo simulation model was used to determine the grant date fair value by simulating a range of possible future stock prices for the Company over the performance period. This model requires an input of assumptions including the simulation term, the risk-free interest rate, a volatility estimate for the Company’s shares, and a dividend yield estimate. The simulation term was the period of time between performance period start date and the performance end date. The risk-free interest rate assumption was based on observed interest rates from the Treasury Constant Maturity yield curve consistent with the simulation term. The Company’s volatility estimate was based on the historical volatilities of peers over a historical period consistent with the simulation term. The dividend yield in the model is set to zero as recipients of the award are entitled to dividend equivalents on shares that vest. The fair value of the PSUs granted in 2023 and 2024 were estimated using the following assumptions: Monte Carlo Assumptions PSUs Granted in 2023 PSUs Granted in 2024 Volatility 85.01% 41.35% Dividend yield 0.00% 0.00% Risk-free interest rate 4.26% 4.25% The following table summarizes information about PSU activity related to both the Stock Incentive Plan and the Long-Term Incentive Plan for each of the periods presented: Number of Performance Stock Units Weighted Average Grant Date Fair Value Per Share Non-vested at December 31, 2022 1,722,043 $ 8.60 Granted 1,204,831 9.37 Vested — — Forfeited (98,087) 7.91 Non-vested at December 31, 2023 2,828,787 $ 8.80 Granted 1,171,883 10.89 Vested (1,031,104) 8.67 Forfeited (499,160) 8.61 Non-vested at December 31, 2024 2,470,406 $ 9.89 The fair value of the TSR-based PSUs is based on the output of the Monte Carlo simulation model noted above and the PSUs not containing a market condition are based on the fair market value of the Company’s common stock at the grant date. The number of underlying shares to be issued will be based on actual performance achievement over the performance period. The fair value of each PSU grant is amortized monthly into compensation expense on a graded vesting (accelerated) basis over a vesting period of 36 months. The accrual of compensation costs is based on our estimate of the final expected value of the award and is adjusted as required for the performance-based conditions. As of December 31, 2024, there was $12 million of total unrecognized compensation cost related to unvested PSUs, which is expected to be recognized over a weighted average period of 1.81 years. Dividend Equivalents All RSUs and PSUs granted contain rights that entitle the recipient of an award to a dividend equivalent in the amount and form equal to any dividends that would have been paid on the shares of Common Stock underlying the awards had such shares been outstanding on the record dates. Dividend equivalents are accrued on each award from the grant date until the award vests. The accrual is based on the dividends declared on the Company's Common Stock during the vesting period. The dividend equivalents are not paid out until the underlying award has vested and settled. The dividend equivalents are subject to the same vesting and settlement conditions as the awards. If the award does not vest, the accrued dividend equivalent is forfeited. Stock-Based Compensation Expense The following table summarizes the impact to the Consolidated Statement of Operations from the Company's incentive awards: Year Ended December 31, 2024 2023 2022 (Dollars in millions) RSUs $ 11 $ 9 $ 6 PSUs 12 5 5 Stock-based compensation expense 23 14 11 Future income tax benefits recognized 3 2 1

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Note 24. Earnings Per Share For the year ended December 31, 2024, basic earnings per share ("EPS") is computed using the weighted average number of common shares outstanding during the period. For the years ended December 31, 2023 and 2022, basic earnings per share was calculated using the two-class method because our Series A Preferred Stock was considered a participating security prior to its conversion into Common Stock and cancellation pursuant to the Transaction. The two-class method requires an allocation of earnings to all securities that participate in dividends with common shares, which included our Series A Preferred Stock, to the extent that each security may share in the entity’s earnings. Basic earnings per share are then calculated by dividing undistributed earnings allocated to common stock by the weighted average number of common shares outstanding for the period. Diluted earnings per share for the year ended December 31, 2024 is calculated based on the weighted-average number of common shares outstanding for the period plus the dilutive effect of common stock equivalents using the treasury stock method. Diluted earnings per share for the years ended December 31, 2023 and 2022 is calculated using the more dilutive of the two-class or if-converted methods. The two-class method uses net income available to common shareholders and assumes conversion of all potential shares other than the participating securities. The if-converted method uses net income and assumes conversion of all potential shares including the participating securities. The details of the earnings per share calculations for the years ended December 31, 2024, 2023 and 2022 are as follows: Year Ended December 31 2024 2023 2022 (Dollars in millions except per share amounts) Basic earnings per share: Net Income $ 282 $ 261 $ 390 Less: preferred stock dividend — (80) (157) Less: preferred stock deemed dividends — (232) — Net income (loss) available for distribution 282 (51) 233 Less: earnings allocated to participating securities — — (184) Net income (loss) available to common shareholders 282 (51) 49 Weighted average common shares outstanding - Basic 222,316,484 166,595,397 64,708,635 EPS – Basic $ 1.27 $ (0.31) $ 0.75 Diluted earnings per share: Method used: Two-class Two-class Weighted average common shares outstanding - Basic 222,316,484 166,595,397 64,708,635 Dilutive effect of unvested RSUs and other contingently issuable shares 1,804,672 — 367,357 Weighted average common shares outstanding – Diluted 224,121,156 166,595,397 65,075,992 EPS – Diluted $ 1.26 $ (0.31) $ 0.75 For the periods where a net loss attributable to common shareholders is present, dilutive securities have been excluded from the calculation of diluted net loss per share attributable to common stockholders as including them would have been anti-dilutive. For the year ended December 31, 2023, the weighted-average number of unvested RSUs and other contingently issuable shares excluded from the computations was 1,490,117 shares.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 25. Commitments and Contingencies We are involved in various lawsuits, claims and proceedings incident to the operation of our businesses, including those pertaining to product liability, product safety, environmental, health and safety, intellectual property, employment, commercial and contractual matters and various other matters. We regularly assess the likelihood of adverse judgments or outcomes in these matters, as well as potential ranges of possible losses based on a careful analysis of each matter. We identify below the individual proceedings where we believe a material loss is reasonably possible or probable, and we accrue for matters when we believe that losses are probable and the amount of the potential loss is reasonably estimable. It is inherently difficult to determine whether a loss is probable or reasonably possible or to estimate the size or range of the potential loss. Accordingly, while we believe that appropriate accruals have been established for losses that are probable and can be reasonably estimated, it is possible that adverse outcomes from such proceedings could exceed the amounts accrued by an amount that could be material to our financial position, results of operations or cash flows. Securities Litigation In 2020, various securities class action complaints were filed against Garrett Motion Inc. and certain current and former Garrett officers and directors in the United States District Court for the Southern District of New York asserting claims under Section 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended, for alleged securities fraud and control person liability. In March 2022, the trial court dismissed with prejudice the claims against certain of the defendants, and in March 2023, the trial court dismissed with prejudice all remaining claims. In April 2023, the plaintiffs appealed the trial court’s decision to the United States Court of Appeals for the Second Circuit. In April 2024, the Second Circuit affirmed dismissal of the claims, and the deadline for further appeals has passed. Brazilian Tax Matters In September 2020, the Brazilian tax authorities issued an infraction notice against Garrett Motion Industria Automotiva Brasil Ltda, challenging the use of certain tax credits (“Befiex Credits”) between January 2017 and February 2020. The infraction notice results in a loss contingency that may or may not ultimately be incurred by the Company. The estimated total amount of the contingency as of December 31, 2024, was $21 million, including penalties and interest. The Company believes, based on management’s assessment and the advice of external legal counsel, that it has meritorious arguments in connection with the infraction notice and any liability for the infraction notice is currently not probable. Accordingly, no accrual has been taken at this time. Warranties and Guarantees In the normal course of business, we issue product warranties and product performance guarantees. We accrue for the estimated cost of product warranties and performance guarantees based on contract terms and historical experience at the time of sale to the customer. Adjustments to initial obligations for warranties and guarantees are made as changes to the obligations become reasonably estimable. Product warranties and product performance guarantees are included in Accrued liabilities and Other Liabilities. The following table summarizes information concerning our recorded obligations for product warranties and product performance guarantees. Year Ended December 31, 2024 2023 (Dollars in millions) Warranty and product performance guarantees at beginning of year $ 27 $ 28 Accruals for warranties/guarantees issued during the year 10 13 Settlement of warranty/guarantee claims (13) (14) Foreign currency translation (1) — Warranty and product performance guarantees at end of year $ 23 $ 27

Defined Benefit Pension Plans

Defined Benefit Pension Plans	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Defined Benefit Pension Plans	Note 26. Defined Benefit Pension Plans We sponsor several funded U.S. and non-U.S. defined benefit pension plans. Pension benefits for many of our U.S. employees are provided through a non-contributory, qualified defined benefit plan. We also sponsor defined benefit pension plans in Switzerland and Ireland. Other pension plans outside of the U.S. are not material to the Company either individually or in the aggregate. The following tables summarize the balance sheet impact, including the benefit obligations, assets and funded status associated with our pension plans. Pension Benefits U.S. U.S. Non-U.S. Non-U.S. 2024 2023 2024 2023 (Dollars in millions) Change in benefit obligation: Benefit obligation at beginning of the year $ 171 $ 168 $ 186 $ 167 Service cost — — 7 6 Interest cost 8 8 4 5 Actuarial (gains) losses (10) 5 (1) 7 Benefits paid and employee contributions (10) (10) — 2 Settlements and curtailments (1) — — (12) (16) Foreign currency translation — — (12) 11 Other — — 8 4 Benefit obligation at end of the year 159 171 180 186 Change in plan assets: Fair value of plan assets at beginning of the year 173 169 175 152 Actual return on plan assets 1 14 16 16 Employer contributions — — 5 7 Benefits paid and employee contributions (10) (10) 1 2 Settlements and curtailments (1) — — (11) (16) Foreign currency translation — — (11) 10 Other — — 8 4 Fair value of plan assets at end of year 164 173 183 175 Funded status of plans $ 5 $ 2 $ 3 $ (11) Amounts recognized in Consolidated Balance Sheet consist of: Non-current assets (2) 5 2 18 9 Non-current liabilities (3) — — (15) (20) Net amount recognized $ 5 $ 2 $ 3 $ (11) (1) In Switzerland, the total lump sum benefit payments of $11 million and $16 million were greater than the service cost and interest cost for the years ended December 31, 2024 and 2023, respectively, therefore settlement accounting was applied. Following the settlement accounting, part of the previously unrecognized gain amounting to approximately $1 million and $1 million, respectively, was recognized as a gain on pension settlement. (2) Included in Other assets in the Consolidated Balance Sheets. (3) Included in Other liabilities in the Consolidated Balance Sheets. Amounts recognized in AOCI associated with our pension and other postretirement benefit plans as of December 31, 2024 and 2023 are as follow: Pension Benefits U.S. U.S. Non-U.S. Non-U.S. 2024 2023 2024 2023 (Dollars in millions) Prior service (credit) cost $ — $ — $ (7) $ (7) Net actuarial loss (gain) 9 11 (14) (12) Net amount recognized $ 9 $ 11 $ (21) $ (19) The components of net periodic benefit (income) cost for our pension and other postretirement benefit plans are as follow: Pension Benefits U.S. Plans Non-U.S. Plans Net Periodic Benefit Cost 2024 2023 2022 2024 2023 2022 (Dollars in millions) Service cost $ — $ — $ 1 $ 7 $ 6 $ 7 Interest cost 8 8 5 4 5 2 Expected return on plan assets (8) (8) (9) (7) (9) (6) Amortization of prior service (credit) cost — — — (1) (1) (1) Recognition of actuarial (gains) losses — — — (8) (1) (27) Settlements and curtailments — — — (1) (1) (1) Net periodic benefit (income) cost $ — $ — $ (3) $ (6) $ (1) $ (26) The components of net periodic benefit (income) cost and other amounts recognized in Other comprehensive (income) loss for our pension and other postretirement benefit plans include the following components: Other Changes in Plan Assets and Benefits Obligations Recognized in U.S. Plans Non-U.S. Plans 2024 2023 2022 2024 2023 2022 (Dollars in millions) Actuarial (gains) losses $ (3) $ (1) $ 14 $ (11) $ — $ (33) Prior service (credit) cost — — — (1) — — Recognition of prior service credit (cost) — — — 1 1 1 Recognition of actuarial gains (losses) — — — 9 2 30 Foreign currency translation — — — 1 (2) — Total recognized in other comprehensive (income) loss $ (3) $ (1) $ 14 $ (1) $ 1 $ (2) Total recognized in net periodic benefit (income) cost and other comprehensive (income) loss $ (3) $ (1) $ 11 $ (7) $ — $ (28) The main actuarial assumptions used in determining the benefit obligations and net periodic benefit (income) cost for the benefit plans are presented in the following table as weighted averages. Pension Benefits U.S. Plans Non-U.S. Plans 2024 2023 2022 2024 2023 2022 Actuarial assumptions used to determine benefit obligations as of December 31: Discount rate 5.68 % 5.02 % 5.21 % 2.21 % 2.36 % 2.91 % Expected annual rate of compensation increase 3.00 % 3.00 % 4.98 % 2.11 % 2.38 % 4.93 % Interest credited to accounts (1) — % — % — % 2.65 % 2.65 % 3.00 % Actuarial assumptions used to determine net periodic benefit (income) cost for years ended December 31: Discount rate—benefit obligation 5.02 % 5.21 % 2.95 % 2.36 % 2.91 % 0.80 % Discount rate—service cost 5.05 % 5.23 % 3.00 % 2.36 % 2.91 % 0.82 % Discount rate—interest cost 4.91 % 5.09 % 2.38 % 2.35 % 2.94 % 0.73 % Expected rate of return on plan assets 4.86 % 4.98 % 3.97 % 4.42 % 4.94 % 3.36 % Expected annual rate of compensation increase 3.00 % 3.00 % 3.20 % 2.38 % 2.43 % 1.99 % (1) Only applicable to the defined benefit pension plan in Switzerland. The discount rates for the pension plans reflect the current rates at which the associated liabilities could be settled at the measurement date of December 31, 2024 . To determine the discount rates, we use a modeling process that involves matching the expected cash outflows of our benefit plans to a yield curve constructed from a portfolio of high quality, fixed-income debt instruments. We use the single weighted-average yield of this hypothetical portfolio as a discount rate benchmark. For both our U.S. and non-U.S. defined benefit pension plans, we estimate the service and interest cost components of net period benefit (income) cost by utilizing a full yield curve approach in the estimation of these cost components by applying the specific spot rates along the yield curve used in the determination of the pension benefit obligation to their underlying projected cash flows. This approach provides a more precise measurement of service and interest costs by improving the correlation between projected cash flows and their corresponding spot rates. For non-U.S. benefit plans, actuarial assumptions reflect economic and market factors relevant to each country. The following amounts relate to our pension plans with accumulated benefit obligations exceeding the fair value of plan assets. December 31, U.S. Plans Non-U.S. Plans 2024 2023 2024 2023 (Dollars in millions) Projected benefit obligation $ — $ — $ 85 $ 87 Accumulated benefit obligation — — 84 84 Fair value of plan assets — — 78 76 Our U.S. pension asset investment strategy focuses on maintaining a diversified portfolio using various asset classes in order to achieve market exposure and diversification on a risk adjusted basis. Our target allocations are as follows: 91% liability-hedging fixed income investments, 8% global equity securities, and 1% real estate investments. Fixed income investments include corporate and government issues with a target duration close to that of the plan liability. Global equity securities include mutual funds that invest in companies located both inside and outside the United States. The real estate fund invests in real estate investment trusts – companies that purchase office buildings, hotels and other real estate property. Our assets are reviewed on a daily basis to ensure that we are within the targeted asset allocation ranges and, if necessary, asset balances are adjusted back within target allocations. Our non-U.S. pension assets are typically managed by decentralized fiduciary committees. Our non-U.S. investment policies are different for each country as local regulations, funding requirements, and financial and tax considerations are part of the funding and investment allocation process in each country. The fair values of both our U.S. and non-U.S. pension plans assets by asset category are as follows: U.S. Plans December 31, 2024 Total Level 1 Level 2 Level 3 (Dollars in millions) Cash and cash equivalents $ 3 $ 3 $ — $ — Equity funds 12 — 12 — Government bond funds 39 — 39 — Corporate bond funds 93 — 93 — Liability driven investment fund 13 — 13 — Real estate funds 2 — 2 — Other 2 — 2 — Total assets at fair value $ 164 $ 3 $ 161 $ — U.S. Plans December 31, 2023 Total Level 1 Level 2 Level 3 (Dollars in millions) Cash and cash equivalents $ 3 $ 3 $ — $ — Equity funds 7 — 7 — Government bond funds 51 — 51 — Corporate bond funds 103 — 103 — Real estate funds 7 — 7 — Other 2 — 2 — Total assets at fair value $ 173 $ 3 $ 170 $ — Non-U.S. Plans December 31, 2024 Total Level 1 Level 2 Level 3 (Dollars in millions) Cash and cash equivalents $ 6 $ 6 $ — $ — Money market funds 29 29 — — Equity funds 49 — 49 — Government bond funds 6 — 6 — Corporate bond funds 13 — 13 — Real estate funds 19 — 19 — Diversified mutual funds 49 — 49 — Other 12 — 12 — Total assets at fair value $ 183 $ 35 $ 148 $ — Non-U.S. Plans December 31, 2023 Total Level 1 Level 2 Level 3 (Dollars in millions) Cash and cash equivalents $ 7 $ 7 $ — $ — Money market funds 28 28 — — Equity funds 56 — 56 — Government bond funds 20 — 20 — Real estate funds 17 — 17 — Diversified mutual funds 40 — 40 — Other 7 — 7 — Total assets at fair value $ 175 $ 35 $ 140 $ — Equity funds, corporate bond funds, government bond funds, real estate funds, swap funds and short-term investments are valued either by bids provided by brokers or dealers or quoted prices of securities with similar characteristics. Other includes private equity and hedge funds. These investments are valued at estimated fair value based on quarterly financial information received from the investment advisor and/or general partner. Our general funding policy for qualified defined benefit pension plans is to contribute amounts at least sufficient to satisfy regulatory funding standards. We were not required to make any contributions to our U.S. pension plan in 2024. In 2024, contributions of $5 million were made to our non-U.S. pension plans to satisfy regulatory funding requirements. In 2025, we expect to make contributions of cash and/or marketable securities of approximately $5 million to our non-U.S. pension plans to satisfy regulatory funding standards. Contributions for both our U.S. and non-U.S. pension plans do not reflect benefits paid directly from Company assets. Benefit payments, including amounts to be paid from Company assets, and reflecting expected future service, as appropriate, are expected to be paid as follows: U.S. Non-U.S. (Dollars in millions) 2025 $ 12 $ 4 2026 12 5 2027 12 5 2028 12 6 2029 12 7 2030-2034 61 44

Segments and Concentrations

Segments and Concentrations	12 Months Ended
	Dec. 31, 2024
Risks and Uncertainties [Abstract]
Segments and Concentrations	Note 27. Segments and Concentrations The Company has identified our CODM as the Chief Executive Officer. The CODM reviews consolidated net income when assessing the Company's performance, allocating resources and establishing management's compensation. In addition to consolidated net income, the CODM receives discrete information for net sales by product and by geographical location. Consolidated net income is used to monitor budget versus actual results. The accounting policies of our operating segment are the same as those described in the Company's summary of significant accounting policies. The Company derives revenues from customers through sales of air and fluid compression and high-speed electric motor technologies for OEMs and distributors within the mobility and industrial space. In addition to consolidated net income, the CODM regularly reviews sales by region and product line. Sales concentration — Net sales by region (determined based on country of shipment) and product line are as follows: Year Ended December 31, 2024 2023 2022 (Dollars in millions) United States $ 700 $ 744 $ 694 Europe 1,642 1,874 1,734 Asia China 643 768 701 Rest of Asia 413 433 401 Other International 77 67 73 $ 3,475 $ 3,886 $ 3,603 Year Ended December 31, 2024 2023 2022 (Dollars in millions) Diesel $ 827 $ 992 $ 949 Gas 1,505 1,720 1,485 Commercial Vehicle 629 656 673 Aftermarket 459 456 442 Other 55 62 54 $ 3,475 $ 3,886 $ 3,603 Customer concentration — Net sales to Garrett’s largest customers and the corresponding percentage of total net sales are as follows: Net sales Year Ended December 31, 2024 % 2023 % 2022 % (Dollars in millions) Customer A $ 401 12 $ 474 12 $ 444 12 Customer B 354 10 364 9 350 10 Others (1) 2,720 78 3,048 79 2,809 78 $ 3,475 100 $ 3,886 100 $ 3,603 100 (1) No other customer had sales individually exceeding 10%. The table below provides segment information about the Company: Year Ended December 31, 2024 2023 2022 (Dollars in millions) Net sales $ 3,475 $ 3,886 $ 3,603 Less: Material costs 2,022 2,323 2,142 Variable manufacturing costs (1) 386 417 414 Fixed manufacturing costs (2) 201 228 199 Research, development and engineering costs 161 163 165 Selling, general and administrative costs 240 247 216 Interest expense 156 159 8 Income tax expense 61 86 106 Other segment items (3) (34) 2 (37) Consolidated net income $ 282 $ 261 $ 390 (1) Variable manufacturing costs include freight, duties, direct and indirect labor costs, repairs and maintenance, repositioning costs and variable overhead costs. (2) Fixed manufacturing costs include depreciation and amortization, rent, overhead labor costs, utilities and other fixed costs. (3) Other segment items consist of gain on sale of equity interest in unconsolidated joint venture, non-service components of net periodic expense, interest income, equity income, loss on extinguishment of debt, reorganization and other non-operating income items (if any). Long-lived assets concentration — Long-lived assets (1) by region are as follows: December 31 2024 2023 (Dollars in millions) United States $ 18 $ 19 Europe Slovakia 83 89 Romania 43 46 Rest of Europe 96 101 Asia China 110 117 Rest of Asia 50 53 Other International 49 52 $ 449 $ 477 (1) Long-lived assets are comprised of property, plant and equipment–net.

Acquisitions and Divestitures

Acquisitions and Divestitures	12 Months Ended
	Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Acquisitions and Divestitures	Note 28. Acquisitions and Divestitures On April 3, 2024, the Company divested its equity interest in an unconsolidated joint venture for approximately $58 million, subject to customary debt and working capital adjustments. We received cash consideration on the divestiture

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 29. Subsequent Events On January 30, 2025, the Company entered into an amendment and restatement of the Credit Agreement (the "Restatement Agreement"). Under the Restatement Agreement, the Company refinanced in full its 2021 Dollar Term Facility in an aggregate principal amount of $692 million (the "2025 Dollar Term Facility"). The 2025 Dollar Term Facility will mature on January 30, 2032, and will bear interest at a spread equal to, at the Company's option, 2.25% per annum in the case of Term Benchmark Loans or 1.25% per annum in the case of ABR Loans. The Company also terminated and replaced its existing Revolving Facility with new revolving commitments (the "New Revolving Facility"). The New Revolving Facility has a maximum borrowing capacity of $630 million and matures on January 30, 2030. On January 31, 2025, the Company paid $12 million in settlement of the cash dividends declared on December 5, 2024.

Unaudited Quarterly Financial I

Unaudited Quarterly Financial Information	12 Months Ended
	Dec. 31, 2024
Quarterly Financial Information Disclosure [Abstract]
Unaudited Quarterly Financial Information	Note 30. Unaudited Quarterly Financial Information The following tables show selected unaudited quarterly results of operations for the years ended December 31, 2024 and 2023. The quarterly data have been prepared on the same basis as the audited annual financial statements and include all adjustments, which include only normal recurring adjustments, necessary for the fair statement of our results of operations for these periods. 2024 March 31 June 30 September 30 December 31 Year Ended December 31 (Dollars in millions) Net sales $ 915 $ 890 $ 826 $ 844 $ 3,475 Gross profit 172 185 166 182 705 Net income 66 64 52 100 282 Net income available for distribution 66 64 52 100 282 Earnings per share - basic 0.28 0.29 0.24 0.47 1.27 Earnings per share - diluted 0.28 0.28 0.24 0.47 1.26 2023 March 31 June 30 September 30 December 31 Year Ended December 31 (Dollars in millions) Net sales $ 970 $ 1,011 $ 960 $ 945 $ 3,886 Gross profit 189 202 176 189 756 Net income 81 71 57 52 261 Net income (loss) available for distribution 41 (201) 57 52 (51) Earnings (loss) per share - basic 0.13 (1.88) 0.23 0.22 (0.31) Earnings (loss) per share - diluted 0.13 (1.88) 0.23 0.22 (0.31) Earnings (loss) per share - diluted method (1) Two-class Two-class Two-class (1) As our Series A Preferred Stock was converted into Common Stock pursuant to the Transaction, diluted earnings per share for the quarters ended September 30, 2023 and December 31, 2023 are computed using the weighted-average number of common shares outstanding during the period plus the dilutive effect of common stock equivalents using the treasury stock method.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	Schedule II-Valuation and Qualifying Accounts For and as of the year ending: Balance at Beginning of Period Additions Charged to Costs and Expenses Deductions Foreign Balance at End of Period (Dollars in millions) December 31, 2024 Allowance for expected credit losses $ 6 $ (1) $ (1) $ — $ 4 Inventory reserves 41 4 (2) (2) 41 Tax valuation allowance 52 4 (34) 7 29 December 31, 2023 Allowance for expected credit losses $ 9 $ 2 $ (5) $ — $ 6 Inventory reserves 31 13 (4) 1 41 Tax valuation allowance 31 20 (1) 2 52 December 31, 2022 Allowance for expected credit losses $ 5 $ 4 $ — $ — $ 9 Inventory reserves 29 7 (3) (2) 31 Tax valuation allowance 32 — (1) — 31

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income	$ 100	$ 52	$ 64	$ 66	$ 52	$ 57	$ 71	$ 81	$ 282	$ 261	$ 390

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Risk Management and Strategy The Company's cybersecurity objective is to protect Garrett against data privacy breaches, information theft, and external and insider cyber threats through the use of a combination of leading technologies, policies, and procedures. The Company has processes in place to identify, assess and monitor material risks from cybersecurity threats, which are part of the Company’s overall enterprise risk management ("ERM") process and have been embedded in the Company’s operating procedures, internal controls and information systems. To that end, we take a holistic approach to securing our data and business systems from attack, compromise or loss. The Company has cybersecurity capability, including a Security Operations Center ("SOC") that is managed by a dedicated Chief Information Security Officer (“CISO”) whose team is responsible for leading the Company-wide cybersecurity strategy, policy, standards, architecture, and processes. The SOC provides visibility across all information technology assets and includes proactive cyber security threat detection technology to facilitate the identification of misconfigurations to mitigate threats and prevent data loss. As part of the Company’s holistic approach to cybersecurity, we have implemented programs and technology associated with threat hunting, vulnerability scanning, and threat detection and response technology. As part of its cybersecurity risk management, the Company delivers specific education to the organization on how to identify potential cybersecurity risks and protect the Company’s resources and information. This training is mandatory for all employees globally on a regular basis and may be supplemented by various testing initiatives including periodic phishing tests. The Company leverages third-party expertise for periodic effectiveness testing of its prevention, detection, and response capabilities. The Company also requires all third-party service providers to meet certain cybersecurity requirements, including risk assessment and monitoring activities. In addition, third-party service providers with access to the Company's network are also required to undertake cybersecurity training. While Garrett focuses heavily on prevention and detection, response and recovery plans, service agreements and partner engagements are in place should there be a need for us to respond to a cybersecurity attack. The Company's response process includes identifying the incident; notifying the executive team, activating the crisis team, assessing the business risk and materiality of the incident; managing the recovery of operations; and performing a post-incident analysis. The Company maintains business continuity and disaster recovery plans. The Company also engages in cyber crisis response simulation to assess our incident response ability and effectiveness. No cybersecurity incidents have occurred that materially affected, or are reasonably likely to materially affect, the Company, including its business strategy, results of operations or financial condition during the year ended December 31, 2024. Notwithstanding the extensive approach we take to cybersecurity, we may not be successful in preventing or mitigating a cybersecurity incident that could have a material adverse effect on us in the future. See Item 1A. "Risk Factors" for a discussion of cybersecurity risks.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	The Company's cybersecurity objective is to protect Garrett against data privacy breaches, information theft, and external and insider cyber threats through the use of a combination of leading technologies, policies, and procedures. The Company has processes in place to identify, assess and monitor material risks from cybersecurity threats, which are part of the Company’s overall enterprise risk management ("ERM") process and have been embedded in the Company’s operating procedures, internal controls and information systems. To that end, we take a holistic approach to securing our data and business systems from attack, compromise or loss. The Company has cybersecurity capability, including a Security Operations Center ("SOC") that is managed by a dedicated Chief Information Security Officer (“CISO”) whose team is responsible for leading the Company-wide cybersecurity strategy, policy, standards, architecture, and processes. The SOC provides visibility across all information technology assets and includes proactive cyber security threat detection technology to facilitate the identification of misconfigurations to mitigate threats and prevent data loss. As part of the Company’s holistic approach to cybersecurity, we have implemented programs and technology associated with threat hunting, vulnerability scanning, and threat detection and response technology.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Governance Role of Management The Company has a Cyber Risk Governance Council consisting of the Senior Vice President Chief Digital and Information Officer (“CDIO”), the CISO, the IT leadership team, and the legal and cybersecurity teams that focuses on cybersecurity and compliance risks. The Cyber Risk Governance Council meets monthly to review cybersecurity risks and related risk management methodologies. Cybersecurity risks are included in the Company’s ERM as appropriate based on potential impact and vulnerability assessed according to certain set criteria and defined ERM materiality thresholds. Regular discussions over cybersecurity developments and risk mitigation approaches are held by the Cyber Risk Governance Council with the Chief Executive Officer and the senior leadership team. The CISO has over 27 years of experience in IT in various capacities with over 21 years in cybersecurity, reporting into the CDIO, who has over 20 years of IT related experience. Role of the Board The Board of Directors is responsible for overseeing overall risk management for the Company, including review and approval of the enterprise risk management approach and processes implemented by management to identify, assess, manage and mitigate risk. The Board has delegated responsibility for oversight of the Company's cybersecurity framework and risk management to the Audit Committee. The CDIO and CISO provide reports to the Audit Committee at least semi-annually on the Company’s cybersecurity program, including the external threat environment, the Company’s programs to address and mitigate the risks associated with the evolving cybersecurity threat environment, and the results of evaluation of the Company’s cybersecurity program by external experts. The Audit Committee, as well as the Board of Directors, is also promptly informed about any information security incidents that may pose significant risk to the Company.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Board of Directors is responsible for overseeing overall risk management for the Company, including review and approval of the enterprise risk management approach and processes implemented by management to identify, assess, manage and mitigate risk. The Board has delegated responsibility for oversight of the Company's cybersecurity framework and risk management to the Audit Committee.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The CDIO and CISO provide reports to the Audit Committee at least semi-annually on the Company’s cybersecurity program, including the external threat environment, the Company’s programs to address and mitigate the risks associated with the evolving cybersecurity threat environment, and the results of evaluation of the Company’s cybersecurity program by external experts. The Audit Committee, as well as the Board of Directors, is also promptly informed about any information security incidents that may pose significant risk to the Company.
Cybersecurity Risk Role of Management [Text Block]	Role of Management
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	The Company has a Cyber Risk Governance Council consisting of the Senior Vice President Chief Digital and Information Officer (“CDIO”), the CISO, the IT leadership team, and the legal and cybersecurity teams that focuses on cybersecurity and compliance risks.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	The CISO has over 27 years of experience in IT in various capacities with over 21 years in cybersecurity, reporting into the CDIO, who has over 20 years of IT related experience.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The Company has a Cyber Risk Governance Council consisting of the Senior Vice President Chief Digital and Information Officer (“CDIO”), the CISO, the IT leadership team, and the legal and cybersecurity teams that focuses on cybersecurity and compliance risks. The Cyber Risk Governance Council meets monthly to review cybersecurity risks and related risk management methodologies. Cybersecurity risks are included in the Company’s ERM as appropriate based on potential impact and vulnerability assessed according to certain set criteria and defined ERM materiality thresholds. Regular discussions over cybersecurity developments and risk mitigation approaches are held by the Cyber Risk Governance Council with the Chief Executive Officer and the senior leadership team. The CISO has over 27 years of experience in IT in various capacities with over 21 years in cybersecurity, reporting into the CDIO, who has over 20 years of IT related experience.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). All amounts presented are in millions, except per share amounts. We evaluate segment reporting in accordance with ASC 280, Segment Reporting . We concluded that Garrett operates in a single operating segment and a single reportable segment based on the operating results available and evaluated regularly by the chief operating decision maker (“CODM”), who is our Chief Executive Officer, to make decisions about resource allocation and performance assessment. The CODM makes operational performance assessments and resource allocation decisions on a consolidated basis, inclusive of all of the Company’s products across channels and geographies.
Use of Estimates	Use of Estimates The preparation of the Consolidated Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Estimates and assumptions are periodically reviewed and the effects of changes are reflected in the Consolidated Financial Statements in the period they are determined to be necessary.
Principles of Consolidation and Combination	Principles of Consolidation and Combination The Consolidated Financial Statements include the accounts of Garrett Motion Inc. and all of its subsidiaries in which a controlling financial interest is maintained. We consolidate entities that we control due to ownership of a majority voting interest, and we consolidate variable interest entities when we have variable interests and are the primary beneficiary. Our consolidation policy requires equity investments that we exercise significant influence over but in which we do not have a controlling financial interest to be accounted for using the equity method. Investments through which we are not able to exercise significant influence over the investee and which we do not have readily determinable fair values are accounted for under the cost method. All intercompany transactions and balances are eliminated in consolidation.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand and highly liquid investments having an original maturity of three months or less.
Restricted Cash	Restricted Cash
Trade Receivables and Allowance for Doubtful Accounts	Trade Receivables and Allowance for Doubtful Accounts Trade accounts receivable are recorded at the invoiced amount as a result of transactions with customers. In accordance with ASC 326, Financial Instruments - Credit Losses , the Company maintains allowances for doubtful accounts for losses as a result of a customer’s inability to make required payments, estimated based on the expected credit losses over the contractual life of the receivables based on days past due as measured from the contractual due date and collection history. The Company also takes into consideration changes in economic conditions that may not be reflected in historical trends (for example, customers in bankruptcy, liquidation or reorganization). Receivables are written-off against the allowance for doubtful accounts when they are determined uncollectible. Such determination includes analysis and consideration of the particular conditions of the account, including time intervals since last collection, customer performance against agreed upon payment plans, solvency of customer and any bankruptcy proceedings.
Transfer of Financial Instruments	Transfer of Financial Instruments Sales and transfers of financial instruments are accounted for under ASC 860, Transfers and Servicing. The Company may discount and sell accounts receivables during the normal course of business. These receivables which are transferred to a third party without recourse to the Company and that meet the criteria of sales accounting as per ASC 860, are excluded from the amounts reported in the Consolidated Balance Sheets. The cash proceeds received from such sales are included in operating cash flows. The expenses associated with the factoring of receivables are recorded within Other expense, net in the Consolidated Statements of Operations.
Inventories	Inventories
Property, Plant and Equipment, Net	Property, Plant and Equipment, Net Property, plant and equipment are recorded at cost less accumulated depreciation and amortization. Depreciation is calculated using the straight-line method over the estimated useful lives of assets, which are 10 to 50 years for buildings and improvements, 2 to 16 years for machinery and equipment, 3 to 10 years for tooling equipment, and 5 to 7 years for software. Maintenance and repairs are expensed as incurred. Impairment testing of long lived assets is completed by the Company in accordance with ASC 360, Property, Plant and Equipment
Leases	Leases
Goodwill	Goodwill Goodwill is subject to impairment testing annually, and whenever events or changes in circumstances indicate that the carrying amount may not be fully recoverable. This testing compares carrying value to fair value of our single reporting unit. The Company recognizes an impairment charge for the amount by which the carrying value of the reporting unit exceeds the reporting unit´s fair value. However, any impairment should not exceed the amount of goodwill allocated to the reporting unit. Because we have a single reporting unit with a negative carrying value, no impairment was recognized.
Warranties and Guarantees	Warranties and Guarantees
Sales Recognition	Sales Recognition Product sales are recognized when we transfer control of the promised goods to our customer, which is based on shipping terms. Revenue is measured as the amount of consideration we expect to receive in exchange for transferring the promised goods, adjusted for any variable consideration such as price concessions or annual price adjustments as estimated at contract inception. Amounts billed but ultimately expected to be refunded to the customer are recorded as part of the customer pricing reserve within Accrued liabilities on the Consolidated Balance Sheet. In the sale of products in the OEM channel, the transaction price for these goods is generally equal to the agreed price of each unit and represents the standalone selling price for the unit. In the sale of products in the aftermarket channel, the terms of a contract or the historical business practice can give rise to variable consideration due to, but not limited to, discounts and rebates. We estimate variable consideration at the most likely amount we will receive from customers and reduce revenues recognized accordingly. We include estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Our estimates of variable consideration and determination of whether to include estimated amounts in the transaction price are based largely on an assessment of our anticipated performance and all information (historical, current and forecasted) that is reasonably available to us. We adjust our estimate of revenue at the earlier of when the value of consideration we expect to receive changes or when the consideration becomes fixed.
Research and Development	Research and Development Garrett conducts research and development (“R&D”) activities, which consist primarily of the development of new products and product applications. R&D costs are charged to expense as incurred. Such costs are included in Cost of goods sold and were $187 million, $175 million and $153 million, for the years ended December 31, 2024, 2023 and 2022, respectively. Additionally, the Company incurs engineering-related expenses which are also included in Cost of goods sold and amounted to $(26) million, $(12) million and $11 million for the years ended December 31, 2024, 2023 and 2022, respectively. Engineering-related expenses included customer reimbursements of $67 million, $46 million and $25 million for the years ended December 31, 2024, 2023 and 2022, respectively. Certain engineering expenses related to long-term supply arrangements are capitalized when defined criteria, such as the existence of a contractual guarantee for reimbursement, are met. As of December 31, 2024 and 2023 , $29 million and $12 million, respectively, of such contractually reimbursable costs were capitalized. These amounts are recorded within Other current assets in the Consolidated Balance Sheets.
Government Incentives	Government Incentives
Supplier Financing	Supplier Financing Supplier financing obligations
Environmental Matters	Environmental Matters The Company records liabilities for environmental assessments and remediation activities in the period in which it is probable that a liability has been incurred and the amount of that liability can be reasonably estimated. Estimated costs are recorded at undiscounted amounts, based on experience and assessments and are regularly evaluated. To the extent that the required remediation procedures change, or additional contamination is identified, the Company’s estimated environmental liabilities may also change. The liabilities are recorded in Accrued liabilities and Other liabilities in the Consolidated Balance Sheets.
Stock-Based Compensation	Stock-Based Compensation The principal awards issued under our stock-based compensation plans, which are described in Note 23, Stock-Based Compensation
Pension Benefits	Pension Benefits We sponsor defined benefit pension plans covering certain employees, primarily in Switzerland, the U.S. and Ireland. For such plans, we are required to disaggregate the service cost component of net benefit costs and report those costs in the same line item or items in the Consolidated Statements of Operations as other compensation costs arising from services rendered by the pertinent employees during the period. The other non service components of net benefit costs are required to be presented separately from the service cost component. We record the service cost component of Pension expense (income) in Cost of goods sold or Selling, general and administrative expenses. The remaining components of net benefit costs within Pension expense (income), primarily interest costs and assumed return on plan assets, are recorded in Non-operating expense (income). We recognize net actuarial gains or losses in excess of 10% of the greater of the fair value of plan assets or the plans’ projected benefit obligation (the corridor) annually in the fourth quarter each year (“MTM Adjustment”). The MTM Adjustment is recorded in Non-operating expense (income).
Foreign Currency Translation	Foreign Currency Translation Assets and liabilities of subsidiaries operating outside the United States with a functional currency other than U.S. Dollars are translated into U.S. Dollars using year-end exchange rates. Sales, costs and expenses are translated at the average exchange rates in effect during the year. Foreign currency translation gains and losses are included as a component of Accumulated other comprehensive income ("AOCI").
Derivative Financial Instruments	Derivative Financial Instruments We minimize our risks from foreign currency exchange rate fluctuations through our normal operating and financing activities and, when deemed appropriate, through the use of derivative financial instruments. Derivative financial instruments are used to manage risk and are not used for trading or other speculative purposes. Derivative financial instruments that qualify for hedge accounting must be designated and effective as a hedge of the identified risk exposure at the inception of the contract. Accordingly, changes in fair value of the derivative contract must be highly correlated with changes in fair value of the underlying hedged item at inception of the hedge and over the life of the hedge contract. All derivatives are recorded on the Consolidated Balance Sheets as assets or liabilities and measured at fair value. For derivatives designated as cash flow hedges, the effective portion of the changes in fair value of the derivatives are recorded in AOCI and subsequently recognized in earnings when the hedged items impact earnings. Cash flows of such derivative financial instruments are classified consistent with the underlying hedged items. For derivatives designated as net investment hedges, provided the hedging relationship is highly effective, the changes in fair value of the derivatives are recorded in AOCI until the net investment is liquidated or sold.
Income Taxes	Income Taxes We account for income taxes pursuant to the asset and liability method which requires us to recognize current tax liabilities or receivables for the amount of taxes we estimate are payable or refundable for the current year and deferred tax assets and liabilities for the expected future tax consequences attributable to temporary differences between the financial statement carrying amounts and their respective tax bases of assets and liabilities and the expected benefits of net operating loss and credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period enacted. A valuation allowance is provided when it is more likely than not that a portion or all of a deferred tax asset will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income and the reversal of deferred tax liabilities during the period in which related temporary differences become deductible. We reclassify taxes from AOCI to earnings as the items to which the tax effects relate are similarly reclassified.
Earnings per share	Earnings per share For the year ended December 31, 2024, basic earnings per share are calculated using the weighted-average number of common shares outstanding during the period. For the years ended December 31, 2023 and 2022, basic earnings per share were calculated using the two-class method, because our Series A Preferred Stock was considered a participating security prior to its conversion into Common Stock and cancellation pursuant to the Transaction. The two-class method requires an allocation of earnings to all securities that participate in dividends with common shares, which included our Series A Preferred Stock, to the extent that each such security may share in the Company's earnings. Basic earnings per share are calculated by dividing undistributed earnings allocated to Common Stock by the weighted average number of common shares.
Related Party Transactions	Related Party Transactions We contract with Trane Technologies ("Trane") for the occasional purchase of goods and services. Mr. Paul Camuti, a director on our Board of Directors, served as an executive officer of Trane through December 31, 2024, and was considered a related party until that time. Our payments under the agreements with Trane amounted to $1 million for the year ended December 31, 2024, and were included in Cost of goods sold in our Consolidated Statement of Operations. The liability balance due to Trane as of December 31, 2024, was immaterial. We lease certain facilities and receive property maintenance services from Honeywell International ("Honeywell"), which as of Emergence was the owner of our Series B Preferred Stock that has since been fully redeemed by the Company, is a holder of our Common Stock and was also a holder of our Series A Preferred Stock prior to the Transaction, as discussed below and in Note 21, Equity . We also contract with Honeywell for the occasional purchase of certain goods and services. Lease and service agreements were made at commercial terms prevalent in the market at the time they were executed. Honeywell is not considered a related party subsequent to the Transaction, which occurred on June 6, 2023. Our payments under the agreements with Honeywell during the period that they were considered a related party amounted to $2 million for the year ended December 31, 2023 and $9 million for the year ended December 31, 2022, and were included in Cost of goods sold, and Selling, general and administrative expenses, in our Consolidated Statements of Operations. As discussed in Note 21, Equity , in order to effect the Transaction, on April 12, 2023, the Company entered into separate definitive agreements (the "Series A Preferred Stock Agreements") with each of Centerbridge Partners, L.P. (“Centerbridge”) and funds managed by Oaktree Capital Management, L.P. (“Oaktree”), to effect a series of integrated transactions (collectively, the "Transaction") designed to simplify the Company's capital structure by converting all outstanding shares of Series A Preferred Stock into a single class of Common Stock, subject to certain conditions. Each of Centerbridge and Oaktree is a holder of our Common Stock and appoints a director to our Board of Directors. Mr. Kevin Mahony, who serves as a Senior Managing Director of Centerbridge, and Mr. Steven Tesoriere, who serves as a Managing Director and Co-Portfolio Manager of Oaktree, have been appointed to our Board of Directors as designees of Centerbridge and Oaktree, respectively. As described more fully in Note 21, Equity , in connection with the Transaction, we paid to Centerbridge and Oaktree an aggregate of approximately $570 million for the repurchase of shares of Series A Preferred Stock, plus an aggregate of approximately $10 million and 7,276,036 shares of Common Stock representing the Additional Amounts and Accumulated Dividends in respect of the repurchased shares of Series A Preferred Stock. Additionally, in connection with the conversion of the Series A Preferred Stock that each of Centerbridge and Oaktree held as of the conversion date, we issued to Centerbridge and Oaktree an aggregate of 65,334,277 shares of Common Stock upon the conversion of an equivalent number of shares of Series A Preferred Stock, plus Additional Amounts and Accumulated Dividends of approximately $9 million and 6,819,540 shares of Common Stock. In connection with the conversion of our Series A Preferred Stock, we issued to Honeywell, as a holder of our Series A Preferred Stock, 4,196,330 shares of Common Stock upon the conversion of an equivalent number of shares of Series A Preferred Stock, plus Additional Amounts and Accumulated Dividends of approximately $1 million and 438,009 shares of Common Stock. Additionally, Mr. John Petry, a director on our Board in 2023, serves as Managing Member of Sessa Capital (Master), L.P., which indirectly held shares of our Series A Preferred Stock prior to the conversion. In connection with the conversion of our Series A Preferred Stock, we issued to Sessa Capital and its affiliates, as holder of our Series A Preferred Stock, 16,592,384 shares of Common Stock upon the conversion of an equivalent number of shares of Series A Preferred Stock, plus Additional Amounts and Accumulated Dividends of approximately $2 million and 1,731,900 shares of Common Stock. During 2024, we also repurchased from Centerbridge a total of 2,808,988 shares of Common Stock for $25 million under our share repurchase program. The repurchased shares are held as treasury stock.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Recently Adopted Accounting Standards In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures . The amendments in this update require companies with a single reportable segment to provide all existing segment disclosures, and the disclosure of incremental segment information. The Company adopted the new guidance as of January 1, 2024. See Note 27, Segments and Concentrations for further detail. Accounting Standards Issued But Not Yet Adopted In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures . The amendments in this update increase the transparency around income tax information through improvements to disclosures primarily related to the rate reconciliation and income taxes paid information. The guidance is effective for fiscal years beginning after December 15, 2024 on a prospective basis. Early adoption is permitted. The Company is currently evaluating the guidance to determine the impact on its disclosures. In March 2024, the SEC adopted a final rule under SEC Release No. 33-11275, The Enhancement and Standardization of Climate-Related Disclosures for Investors , to enhance and standardize climate-related disclosures. The rule will require companies to disclose material Scope 1 and Scope 2 greenhouse gas emissions; climate-related risks, governance, and oversight; and the financial effects of severe weather events and other natural conditions. These disclosures are required to be phased in starting with annual reporting periods beginning in 2025; however, this rule has been stayed pending the outcome of legal challenges. The Company is currently evaluating the guidance to determine the impact of adoption on its disclosures in the event that the stay is lifted. In November 2024, the FASB issued ASU 2024-03, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses. The amendments in this update require disclosure of specified information about certain costs and expenses. The guidance is effective for fiscal years beginning after December 15, 2026 on a prospective basis. Early adoption is permitted. The Company is currently evaluating the guidance to determine the impact on its disclosures. There are no other recently issued, but not yet adopted, accounting pronouncements which are expected to have a material impact on the Company’s Consolidated Financial Statements and related disclosures.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Supplier Finance Program	The following table summarizes the activity related to our supplier financing obligations and guaranteed bank notes: Supplier Financing Obligations Outstanding Guaranteed Bank Notes Outstanding (Dollars in millions) Balance at December 31, 2023 $ 68 $ 193 Obligations added to the program 249 340 Obligations settled (250) (386) Foreign currency translation (3) (6) Balance at December 31, 2024 $ 64 $ 141

Revenue Recognition and Contr_2

Revenue Recognition and Contracts with Customers (Tables)	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Summary of Contract Assets and Liabilities	The following table summarizes our contract assets and liabilities balances: 2024 2023 (Dollars in millions) Contract assets—January 1 $ 38 $ 46 Contract assets—December 31, 40 38 Change in contract assets—Increase/(Decrease) $ 2 $ (8) Contract liabilities—January 1 $ (11) $ (8) Contract liabilities—December 31, (8) (11) Change in contract liabilities—(Increase)/Decrease $ 3 $ (3)

Other Expense, Net (Tables)

Other Expense, Net (Tables)	12 Months Ended
	Dec. 31, 2024
Other Income and Expenses [Abstract]
Schedule of Other Operating Cost and Expense	Year Ended December 31, 2024 2023 2022 (Dollars in millions) Factoring and notes receivables discount fees $ 4 $ 4 $ 2 Supplier financing fees 1 1 — Other $ 1 $ — $ — $ 6 $ 5 $ 2

Non-Operating Income, Net (Tabl

Non-Operating Income, Net (Tables)	12 Months Ended
	Dec. 31, 2024
Nonoperating Income (Expense) [Abstract]
Schedule of Non-Operating (Income) Expense	Year Ended December 31, 2024 2023 2022 (Dollars in millions) Equity income of affiliated companies $ (2) $ (7) $ (7) Interest income (3) (7) (2) Pension (income) — non service (13) (7) (37) Foreign exchange loss 4 6 2 Loss on remeasurement (1) — 13 — Others, net 1 — (3) $ (13) $ (2) $ (47) (1) Relates to the loss on remeasurement of the Series A Preferred Stock Agreements related to the Transaction. Refer to Note 21, Equity.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Income (Loss) Before Income Taxes	The sources of income (loss) from continuing operations, before income taxes, classified between domestic entities and those entities domiciled outside of the U.S., are as follows: Year Ended December 31, 2024 2023 2022 (Dollars in millions) Domestic entities $ (65) $ (94) $ 7 Entities outside the U.S. 408 441 489 $ 343 $ 347 $ 496
Schedule of Income Tax Expense (Benefit)	Tax expense (benefit) consists of: Year Ended December 31, 2024 2023 2022 (Dollars in millions) Current: Federal $ (3) $ 12 $ 9 State 1 — 1 Foreign 56 50 50 $ 54 $ 62 $ 60 Deferred: Federal $ (9) $ (14) $ 9 State (1) 1 — Foreign 17 37 37 $ 7 $ 24 $ 46 $ 61 $ 86 $ 106
Schedule of Effective Income Tax Rate Reconciliation	The U.S. federal statutory income tax rate is reconciled to our effective income tax rate as follows: Year Ended December 31, 2024 2023 2022 (Dollars in millions) U.S. federal statutory income tax rate 21.0 % 21.0 % 21.0 % Taxes on non-U.S. earnings different from U.S. tax (3.3) % (3.6) % (3.4) % Reserves for tax contingencies (4.7) % 0.2 % (0.4) % Non-deductible and permanent items — % — % 0.7 % Withholding and other taxes on foreign earnings 7.0 % 7.0 % 3.9 % Tax law changes 0.1 % (1.7) % 0.1 % Changes in valuation allowance (4.9) % 5.5 % (0.6) % All other items 2.6 % (3.6) % 0.1 % 17.8 % 24.8 % 21.4 %
Schedule of Deferred Tax Assets (Liabilities) and Effects of Temporary Differences	The tax effects of temporary differences and tax carryforwards which give rise to future income tax benefits and payables are as follows: December 31, 2024 2023 (Dollars in millions) Deferred tax assets: Intangibles and fixed assets $ 112 $ 139 Pension — 4 Accruals and reserves 29 30 Net operating losses and other tax attribute carryforwards 34 35 Outside basis differences 29 13 Other 70 55 Total deferred tax assets 274 276 Valuation allowance (29) (52) Net deferred tax assets $ 245 $ 224 Deferred tax liabilities: Outside basis differences $ (18) $ (9) Other (45) (26) Total deferred tax liabilities (63) (35) Net deferred tax asset $ 182 $ 189
Schedule of Net Operating Loss Carryforwards	As of December 31, 2024, the Company had foreign net operating loss carryforwards of approximately $67 million with the majority in the below jurisdictions: Jurisdiction Expiration Net Operating (Dollars in millions) Brazil Indefinite $ 42 Luxembourg 2038 14 China 2034 9 Other Various 2 $ 67
Schedule of Unrecognized Tax Benefits Roll Forward	The following table summarizes the activity related to the Company’s uncertain tax positions (excluding interest and penalties and related tax attributes): December 31, 2024 2023 2022 (Dollars in millions) Change in unrecognized tax benefits: Balance at beginning of year $ 66 $ 71 $ 80 Gross increases related to current period tax positions 5 3 4 Gross increases related to prior periods tax positions 2 — 5 Gross decreases related to prior periods tax positions — — — Decrease related to resolutions of audits with tax authorities (6) — — Expiration of the statute of limitations for the assessment of taxes (17) — (8) (14) Foreign currency translation (2) — (4) Balance at end of year $ 48 $ 66 $ 71

Accounts, Notes and Other Rec_2

Accounts, Notes and Other Receivables—Net (Tables)	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Schedule of Accounts, Notes and Other Receivables Net	December 31, 2024 2023 (Dollars in millions) Trade receivables $ 521 $ 614 Notes receivables 96 101 Other receivables 74 99 691 814 Less — Allowance for expected credit losses (4) (6) $ 687 $ 808

Factoring and Notes Receivable

Factoring and Notes Receivable (Tables)	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Schedule of Factoring and Notes Receivable	Year Ended December 31, 2024 2023 2022 (Dollars in millions) Eligible receivables sold without recourse $ 701 $ 783 $ 664 Guaranteed bank notes sold without recourse 161 92 102 December 31, 2024 2023 (Dollars in millions) Receivables sold but not yet collected by the bank from the customer $ 6 $ 7 Guaranteed bank notes sold but not yet collected by the bank from the customer — —

Inventories_Net (Tables)

Inventories—Net (Tables)	12 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
Summary of Inventories	December 31, 2024 2023 (Dollars in millions) Raw materials $ 230 $ 198 Work in process 18 21 Finished products 79 85 $ 327 $ 304 Less — Reserves (41) (41) $ 286 $ 263

Other Current Assets (Tables)

Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Current Assets	December 31, 2024 2023 (Dollars in millions) Prepaid expenses $ 16 $ 15 Taxes receivable 18 18 Advanced discounts to customers, current 18 16 Customer reimbursable engineering 29 12 Foreign exchange forward contracts 13 12 Other — 2 $ 94 $ 75

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Other Assets	December 31, 2024 2023 (Dollars in millions) Advanced discounts to customers, non-current $ 29 $ 41 Operating right-of-use assets 52 40 Income tax receivable 21 20 Pension and other employee related 23 11 Derivatives designated as net investment hedges 70 37 Designated and undesignated derivatives 20 46 Other 9 11 $ 224 $ 206

Property, Plant and Equipment_2

Property, Plant and Equipment—Net (Tables)	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment - Net	December 31, 2024 2023 (Dollars in millions) Land and improvements $ 13 $ 14 Buildings and improvements 150 153 Machinery and equipment 702 732 Tooling 433 435 Software 90 83 Construction in progress 98 96 Others 25 24 1,511 1,537 Less — Accumulated depreciation and amortization (1,062) (1,060) $ 449 $ 477

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Carrying Amount of Goodwill	There were no changes to the carrying amount of goodwill for the years ended December 31, 2024 and 2023 : December 31, 2024 2023 (Dollars in millions) Goodwill $ 193 $ 193

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2024
Accrued Liabilities, Current [Abstract]
Summary of Accrued Liabilities	December 31, 2024 2023 (Dollars in millions) Customer pricing reserve $ 77 $ 57 Compensation, benefits and other employee related 74 80 Repositioning 12 9 Product warranties and performance guarantees - Short-term 15 18 Income and other taxes 32 42 Customer advances and deferred income (1) 16 15 Accrued interest 14 26 Short-term lease liability 11 9 Freight accrual 9 9 Dividends declared (Note 21) 12 — Designated and undesignated derivatives 8 12 Other (primarily operating expenses) (2) 19 16 $ 299 $ 293 (1) Customer advances and deferred income include $8 million and $9 million of contract liabilities as of December 31, 2024 and 2023 , respectively. See Note 4, Revenue Recognition and Contracts with Customers . (2) Includes $6 million and $5 million of environmental liabilities as of December 31, 2024 and 2023 , respectively.
Summary of Expenses Related to the Repositioning Accruals	Severance Other Costs Total (Dollars in millions) Balance at December 31, 2022 $ 9 $ — $ 9 Charges 11 2 13 Usage—cash (11) — (11) Non-cash asset write-offs — (2) (2) Balance at December 31, 2023 9 — 9 Charges 21 — 21 Usage—cash (18) — (18) Balance at December 31, 2024 $ 12 $ — $ 12

Long-term Debt and Credit Agr_2

Long-term Debt and Credit Agreements (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Schedule of Principal Outstanding And Carrying Amount of Long term Debt	The principal outstanding and carrying amounts of our long-term debt as of December 31, 2024 and 2023 are as follows: December 31, (Dollars in millions) Maturity Date Interest Rate 2024 2023 2021 Dollar Term Facility April 30, 2028 SOFR plus 275 bps $ 692 $ 699 2023 Dollar Term Facility April 30, 2028 SOFR plus 450 bps — 500 Euro Term Facility April 30, 2028 EURIBOR plus 350 bps — 497 2032 Senior Notes May 31, 2032 7.75% 800 — Other 1 — Total principal outstanding 1,493 1,696 Less: unamortized deferred financing costs (22) (46) Less: current portion of long-term debt (7) (7) Total long-term debt $ 1,464 $ 1,643
Schedule of Principal Repayments Of Credit Facilities	The following table summarizes the minimum scheduled principal repayments of long-term debt as of December 31, 2024: December 31, (Dollars in millions) 2025 $ 7 2026 7 2027 7 2028 672 2029 — Thereafter 800 Total payments on long-term debt $ 1,493

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Summary of Components of Lease Expense	The components of lease expense are as follows: Year Ended December 31, 2024 2023 2022 (Dollars in millions) Operating lease cost $ 17 $ 16 $ 16
Summary of Supplemental Cash Flow Information Related to Operating Leases	Supplemental cash flow information related to operating leases is as follows: Year Ended December 31, 2024 2023 2022 (Dollars in millions) Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 33 $ 13 $ 13 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 11 $ 3 $ 5
Summary of Supplemental Balance Sheet Information Related to Operating Leases	Supplemental balance sheet information related to operating leases is as follows: Year Ended December 31, 2024 2023 (Dollars in millions) Other assets $ 52 $ 40 Accrued liabilities 11 9 Other liabilities 42 33 Year Ended December 31, 2024 2023 Weighted-average lease term (in years) 6.89 8.08 Weighted-average discount rate 6.71 % 5.69 %
Schedule of Maturities of Operating Lease Liabilities	Maturities of operating lease liabilities are as follows: Year Ended December 31, 2024 (Dollars in millions) 2025 $ 14 2026 12 2027 11 2028 7 2029 4 Thereafter 17 Total lease payments 65 Less imputed interest (12) $ 53

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measures (Tables)	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Financial Assets and Liabilities Accounted for at Fair Value on Recurring Basis	The following table sets forth the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of December 31, 2024 and 2023: Fair Value Notional Amounts Assets Liabilities December 31, December 31, December 31, December 31, December 31, December 31, (Dollars in millions) Designated instruments: Forward currency exchange contracts $ 331 $ 456 $ 4 $ 11 (a) $ 6 $ 6 (c) Cross-currency swaps 1,515 1,015 82 37 (b) — 17 (d) Interest rate swaps — 200 — — (b) — — Subtotal 1,846 1,671 86 48 6 23 Undesignated instruments: Interest rate swaps 470 917 9 46 (b) 3 3 (d) Forward currency exchange contracts 597 715 9 1 (a) 2 6 (c) Subtotal 1,067 1,632 18 47 5 9 Total designated and undesignated instruments $ 2,913 $ 3,303 $ 104 $ 95 $ 11 $ 32 (a) Recorded within Other current assets in the Company’s Consolidated Balance Sheets (b) Recorded within Other assets in the Company’s Consolidated Balance Sheets (c) Recorded within Accrued liabilities in the Company’s Consolidated Balance Sheets (d) Recorded within Other liabilities in the Company's Consolidated Balance Sheets
Summary of Financial Assets and Liabilities Not Carried at Fair Value	The following table sets forth the Company’s financial assets and liabilities that were not carried at fair value: December 31, 2024 Carrying Value Fair Value (Dollars in millions) Term Loan Facilities $ 692 $ 693 2032 Senior Notes 800 810

Other Liabilities (Tables)

Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2024
Other Liabilities Disclosure [Abstract]
Schedule of Other Liabilities	December 31, 2024 2023 (Dollars in millions) Income taxes $ 79 $ 99 Designated and undesignated derivatives 3 20 Pension and other employee related 18 23 Long-term lease liability 42 33 Advanced discounts from suppliers 2 3 Product warranties and performance guarantees – Long-term 8 9 Environmental Remediation – Long-term 10 13 Long-term accounts payable 5 7 Other 15 11 $ 182 $ 218

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Condensed financial statements	The following table summarizes the effects of the Transaction on the Consolidated Financial Statements as of and for the year ended December 31, 2023 : Series A Repurchase 2023 Conversion Settlement of Accumulated Dividends Excise tax on Series A Repurchase Total (Dollars in millions) Consolidated Balance Sheet - increase/(decrease): Cash and cash equivalents $ (580) $ (25) $ — $ — $ (605) Accrued liabilities — — — 6 6 Preferred Stock — — — — — Common Stock — — — — — Additional Paid-in capital (366) — 209 — (157) Retained earnings (201) (25) (209) (6) (441) Consolidated Statement of Operations: Non-operating expenses 13 — — — 13 Consolidated Statement of Cash Flows Repurchases of Series A Preferred Stock (580) — — — (580) Payments for Additional Amounts for conversion of Series A Preferred Stock — (25) — — (25)

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Summary of Changes in Accumulated Other Comprehensive Income (Loss)	The changes in AOCI by component are shown below: Year Ended December 31, 2024 2023 2022 (Dollars in millions) Foreign Exchange Translation Adjustment Balance at beginning of year $ (57) $ (44) $ (43) Other comprehensive income (loss) before reclassifications 35 (13) (1) Amounts reclassified from AOCI (5) — — Balance at end of year (27) (57) (44) Pension Adjustments Balance at beginning of year (20) (18) (9) Other comprehensive income (loss) before reclassifications, net (1) 14 1 18 Amounts reclassified from AOCI, net (9) (3) (27) Balance at end of year (15) (20) (18) Changes in Fair Value of Effective Cash Flow Hedges Balance at beginning of year (2) 13 7 Other comprehensive income (loss) before reclassifications, net (2) 21 (2) 24 Amounts reclassified from AOCI, net (29) (13) (18) Balance at end of year (10) (2) 13 Changes in Fair Value of Net Investment Hedges Balance at beginning of year 76 85 41 Other comprehensive income (loss) before reclassifications, net (3) 49 (9) 44 Balance at end of year 125 76 85 Accumulated other comprehensive income (loss), end of year $ 73 $ (3) $ 36 (1) Net of tax expense (benefit) of $1 million, $(1) million, and $2 million for the years ended December 31, 2024, 2023 and 2022, respectively. Amounts are included in the computation of net periodic benefit cost. See Note 26, Defined Benefit Pension Plans. (2) Net of tax expense (benefit) of $(1) million, $3 million, and $(2) million for the years ended December 31, 2024, 2023 and 2022, respectively. (3) Net of tax expense (benefit) of $14 million, $1 million, and $(13) million for the years ended December 31, 2024, 2023 and 2022, respectively.
Reclassification out of Accumulated Other Comprehensive Income	Reclassifications from accumulated other comprehensive income (loss) to income were as follows: Year Ended December 31, 2024 2023 2022 (Dollars in millions) Foreign Exchange Translation Adjustment Reclassification adjustments recognized in income (1) $ (5) $ — $ — Amounts reclassified from AOCI (5) — — Pension Adjustments Reclassification to Non-operating (income) expense $ (10) $ (3) $ (31) Tax effect on reclassification to income 1 — 4 Amounts reclassified from AOCI, net (9) (3) (27) Changes in Fair Value of Effective Cash Flow Hedges Reclassification forward currency exchange contracts to Cost of goods sold $ (3) $ (23) $ (21) Reclassification cross-currency swaps to Interest expense (4) (3) — Reclassification cross-currency swaps to Non-operating expense (income) (26) 10 — Tax effect on reclassification to income 4 3 3 Amounts reclassified from AOCI, net (29) (13) (18) Total reclassifications for the year $ (43) $ (16) $ (45)

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Summary of Restricted Stock Activity Related to Stock Incentive Plan and Long-Term Incentive Plan	The following table summarizes information about RSU activity: Number of Restricted Stock Units Weighted Average Grant Date Fair Value Per Share Non-vested at December 31, 2022 2,401,900 $ 7.48 Granted 1,522,111 8.20 Vested (718,546) 7.46 Forfeited (170,020) 7.29 Non-vested at December 31, 2023 3,035,445 $ 7.86 Granted 1,391,412 9.45 Vested (1,428,791) 7.54 Forfeited (152,195) 8.46 Non-vested at December 31, 2024 2,845,871 $ 8.76
Schedule of Valuation Assumptions for PSUs Granted	The fair value of the PSUs granted in 2023 and 2024 were estimated using the following assumptions: Monte Carlo Assumptions PSUs Granted in 2023 PSUs Granted in 2024 Volatility 85.01% 41.35% Dividend yield 0.00% 0.00% Risk-free interest rate 4.26% 4.25%
Summary of Performance Stock Unit Activity Related to Stock Incentive Plan and Long-Term Incentive Plan	The following table summarizes information about PSU activity related to both the Stock Incentive Plan and the Long-Term Incentive Plan for each of the periods presented: Number of Performance Stock Units Weighted Average Grant Date Fair Value Per Share Non-vested at December 31, 2022 1,722,043 $ 8.60 Granted 1,204,831 9.37 Vested — — Forfeited (98,087) 7.91 Non-vested at December 31, 2023 2,828,787 $ 8.80 Granted 1,171,883 10.89 Vested (1,031,104) 8.67 Forfeited (499,160) 8.61 Non-vested at December 31, 2024 2,470,406 $ 9.89
Summary of Impact to Consolidated and Combined Statement of Operations from RSUs and PSUs	The following table summarizes the impact to the Consolidated Statement of Operations from the Company's incentive awards: Year Ended December 31, 2024 2023 2022 (Dollars in millions) RSUs $ 11 $ 9 $ 6 PSUs 12 5 5 Stock-based compensation expense 23 14 11 Future income tax benefits recognized 3 2 1

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share	The details of the earnings per share calculations for the years ended December 31, 2024, 2023 and 2022 are as follows: Year Ended December 31 2024 2023 2022 (Dollars in millions except per share amounts) Basic earnings per share: Net Income $ 282 $ 261 $ 390 Less: preferred stock dividend — (80) (157) Less: preferred stock deemed dividends — (232) — Net income (loss) available for distribution 282 (51) 233 Less: earnings allocated to participating securities — — (184) Net income (loss) available to common shareholders 282 (51) 49 Weighted average common shares outstanding - Basic 222,316,484 166,595,397 64,708,635 EPS – Basic $ 1.27 $ (0.31) $ 0.75 Diluted earnings per share: Method used: Two-class Two-class Weighted average common shares outstanding - Basic 222,316,484 166,595,397 64,708,635 Dilutive effect of unvested RSUs and other contingently issuable shares 1,804,672 — 367,357 Weighted average common shares outstanding – Diluted 224,121,156 166,595,397 65,075,992 EPS – Diluted $ 1.26 $ (0.31) $ 0.75

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Summary Information Concerning our Recorded Obligations for Product Warranties and Product Performance Guarantees	The following table summarizes information concerning our recorded obligations for product warranties and product performance guarantees. Year Ended December 31, 2024 2023 (Dollars in millions) Warranty and product performance guarantees at beginning of year $ 27 $ 28 Accruals for warranties/guarantees issued during the year 10 13 Settlement of warranty/guarantee claims (13) (14) Foreign currency translation (1) — Warranty and product performance guarantees at end of year $ 23 $ 27

Defined Benefit Pension Plans (

Defined Benefit Pension Plans (Tables)	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Summary of Balance Sheet Impact, Including Benefit Obligations, Assets and Funded Status Associated with Significant Pension Plans	The following tables summarize the balance sheet impact, including the benefit obligations, assets and funded status associated with our pension plans. Pension Benefits U.S. U.S. Non-U.S. Non-U.S. 2024 2023 2024 2023 (Dollars in millions) Change in benefit obligation: Benefit obligation at beginning of the year $ 171 $ 168 $ 186 $ 167 Service cost — — 7 6 Interest cost 8 8 4 5 Actuarial (gains) losses (10) 5 (1) 7 Benefits paid and employee contributions (10) (10) — 2 Settlements and curtailments (1) — — (12) (16) Foreign currency translation — — (12) 11 Other — — 8 4 Benefit obligation at end of the year 159 171 180 186 Change in plan assets: Fair value of plan assets at beginning of the year 173 169 175 152 Actual return on plan assets 1 14 16 16 Employer contributions — — 5 7 Benefits paid and employee contributions (10) (10) 1 2 Settlements and curtailments (1) — — (11) (16) Foreign currency translation — — (11) 10 Other — — 8 4 Fair value of plan assets at end of year 164 173 183 175 Funded status of plans $ 5 $ 2 $ 3 $ (11) Amounts recognized in Consolidated Balance Sheet consist of: Non-current assets (2) 5 2 18 9 Non-current liabilities (3) — — (15) (20) Net amount recognized $ 5 $ 2 $ 3 $ (11) (1) In Switzerland, the total lump sum benefit payments of $11 million and $16 million were greater than the service cost and interest cost for the years ended December 31, 2024 and 2023, respectively, therefore settlement accounting was applied. Following the settlement accounting, part of the previously unrecognized gain amounting to approximately $1 million and $1 million, respectively, was recognized as a gain on pension settlement. (2) Included in Other assets in the Consolidated Balance Sheets. (3) Included in Other liabilities in the Consolidated Balance Sheets.
Summary of Accumulated Other Comprehensive (Income) Loss Associated with Pension and Other Postretirement Benefit Plans	Amounts recognized in AOCI associated with our pension and other postretirement benefit plans as of December 31, 2024 and 2023 are as follow: Pension Benefits U.S. U.S. Non-U.S. Non-U.S. 2024 2023 2024 2023 (Dollars in millions) Prior service (credit) cost $ — $ — $ (7) $ (7) Net actuarial loss (gain) 9 11 (14) (12) Net amount recognized $ 9 $ 11 $ (21) $ (19)
Summary of Net Periodic Benefit (Income) Cost and Other Amounts Recognized in Other Comprehensive (Income) Loss	The components of net periodic benefit (income) cost for our pension and other postretirement benefit plans are as follow: Pension Benefits U.S. Plans Non-U.S. Plans Net Periodic Benefit Cost 2024 2023 2022 2024 2023 2022 (Dollars in millions) Service cost $ — $ — $ 1 $ 7 $ 6 $ 7 Interest cost 8 8 5 4 5 2 Expected return on plan assets (8) (8) (9) (7) (9) (6) Amortization of prior service (credit) cost — — — (1) (1) (1) Recognition of actuarial (gains) losses — — — (8) (1) (27) Settlements and curtailments — — — (1) (1) (1) Net periodic benefit (income) cost $ — $ — $ (3) $ (6) $ (1) $ (26)
Other Changes in Plan Assets and Benefits Obligations Recognized in Other Comprehensive (Income) Loss	The components of net periodic benefit (income) cost and other amounts recognized in Other comprehensive (income) loss for our pension and other postretirement benefit plans include the following components: Other Changes in Plan Assets and Benefits Obligations Recognized in U.S. Plans Non-U.S. Plans 2024 2023 2022 2024 2023 2022 (Dollars in millions) Actuarial (gains) losses $ (3) $ (1) $ 14 $ (11) $ — $ (33) Prior service (credit) cost — — — (1) — — Recognition of prior service credit (cost) — — — 1 1 1 Recognition of actuarial gains (losses) — — — 9 2 30 Foreign currency translation — — — 1 (2) — Total recognized in other comprehensive (income) loss $ (3) $ (1) $ 14 $ (1) $ 1 $ (2) Total recognized in net periodic benefit (income) cost and other comprehensive (income) loss $ (3) $ (1) $ 11 $ (7) $ — $ (28)
Summary of Major Actuarial Assumptions Used in Determining Benefit Obligations and Net Periodic Benefit (Income) Cost	The main actuarial assumptions used in determining the benefit obligations and net periodic benefit (income) cost for the benefit plans are presented in the following table as weighted averages. Pension Benefits U.S. Plans Non-U.S. Plans 2024 2023 2022 2024 2023 2022 Actuarial assumptions used to determine benefit obligations as of December 31: Discount rate 5.68 % 5.02 % 5.21 % 2.21 % 2.36 % 2.91 % Expected annual rate of compensation increase 3.00 % 3.00 % 4.98 % 2.11 % 2.38 % 4.93 % Interest credited to accounts (1) — % — % — % 2.65 % 2.65 % 3.00 % Actuarial assumptions used to determine net periodic benefit (income) cost for years ended December 31: Discount rate—benefit obligation 5.02 % 5.21 % 2.95 % 2.36 % 2.91 % 0.80 % Discount rate—service cost 5.05 % 5.23 % 3.00 % 2.36 % 2.91 % 0.82 % Discount rate—interest cost 4.91 % 5.09 % 2.38 % 2.35 % 2.94 % 0.73 % Expected rate of return on plan assets 4.86 % 4.98 % 3.97 % 4.42 % 4.94 % 3.36 % Expected annual rate of compensation increase 3.00 % 3.00 % 3.20 % 2.38 % 2.43 % 1.99 % (1) Only applicable to the defined benefit pension plan in Switzerland.
Summary of Amounts Relate to Significant Pension Plans with Accumulated Benefit Obligations Exceeding Fair Value of Plan Assets	The following amounts relate to our pension plans with accumulated benefit obligations exceeding the fair value of plan assets. December 31, U.S. Plans Non-U.S. Plans 2024 2023 2024 2023 (Dollars in millions) Projected benefit obligation $ — $ — $ 85 $ 87 Accumulated benefit obligation — — 84 84 Fair value of plan assets — — 78 76
Summary of Fair Values of Both U.S. and Non-U.S. Pension Plans Assets by Asset Category	The fair values of both our U.S. and non-U.S. pension plans assets by asset category are as follows: U.S. Plans December 31, 2024 Total Level 1 Level 2 Level 3 (Dollars in millions) Cash and cash equivalents $ 3 $ 3 $ — $ — Equity funds 12 — 12 — Government bond funds 39 — 39 — Corporate bond funds 93 — 93 — Liability driven investment fund 13 — 13 — Real estate funds 2 — 2 — Other 2 — 2 — Total assets at fair value $ 164 $ 3 $ 161 $ — U.S. Plans December 31, 2023 Total Level 1 Level 2 Level 3 (Dollars in millions) Cash and cash equivalents $ 3 $ 3 $ — $ — Equity funds 7 — 7 — Government bond funds 51 — 51 — Corporate bond funds 103 — 103 — Real estate funds 7 — 7 — Other 2 — 2 — Total assets at fair value $ 173 $ 3 $ 170 $ — Non-U.S. Plans December 31, 2024 Total Level 1 Level 2 Level 3 (Dollars in millions) Cash and cash equivalents $ 6 $ 6 $ — $ — Money market funds 29 29 — — Equity funds 49 — 49 — Government bond funds 6 — 6 — Corporate bond funds 13 — 13 — Real estate funds 19 — 19 — Diversified mutual funds 49 — 49 — Other 12 — 12 — Total assets at fair value $ 183 $ 35 $ 148 $ — Non-U.S. Plans December 31, 2023 Total Level 1 Level 2 Level 3 (Dollars in millions) Cash and cash equivalents $ 7 $ 7 $ — $ — Money market funds 28 28 — — Equity funds 56 — 56 — Government bond funds 20 — 20 — Real estate funds 17 — 17 — Diversified mutual funds 40 — 40 — Other 7 — 7 — Total assets at fair value $ 175 $ 35 $ 140 $ —
Summary of Benefit Payments	Benefit payments, including amounts to be paid from Company assets, and reflecting expected future service, as appropriate, are expected to be paid as follows: U.S. Non-U.S. (Dollars in millions) 2025 $ 12 $ 4 2026 12 5 2027 12 5 2028 12 6 2029 12 7 2030-2034 61 44

Segments and Concentrations (Ta

Segments and Concentrations (Tables)	12 Months Ended
	Dec. 31, 2024
Risks and Uncertainties [Abstract]
Summary of Net Sales by Region	Sales concentration — Net sales by region (determined based on country of shipment) and product line are as follows: Year Ended December 31, 2024 2023 2022 (Dollars in millions) United States $ 700 $ 744 $ 694 Europe 1,642 1,874 1,734 Asia China 643 768 701 Rest of Asia 413 433 401 Other International 77 67 73 $ 3,475 $ 3,886 $ 3,603 Year Ended December 31, 2024 2023 2022 (Dollars in millions) Diesel $ 827 $ 992 $ 949 Gas 1,505 1,720 1,485 Commercial Vehicle 629 656 673 Aftermarket 459 456 442 Other 55 62 54 $ 3,475 $ 3,886 $ 3,603
Summary of Net Sales to Largest Customer and Corresponding Percentage of Total Net Sales	Customer concentration — Net sales to Garrett’s largest customers and the corresponding percentage of total net sales are as follows: Net sales Year Ended December 31, 2024 % 2023 % 2022 % (Dollars in millions) Customer A $ 401 12 $ 474 12 $ 444 12 Customer B 354 10 364 9 350 10 Others (1) 2,720 78 3,048 79 2,809 78 $ 3,475 100 $ 3,886 100 $ 3,603 100 (1) No other customer had sales individually exceeding 10%.
Schedule of Segment Reporting Information, by Segment	The table below provides segment information about the Company: Year Ended December 31, 2024 2023 2022 (Dollars in millions) Net sales $ 3,475 $ 3,886 $ 3,603 Less: Material costs 2,022 2,323 2,142 Variable manufacturing costs (1) 386 417 414 Fixed manufacturing costs (2) 201 228 199 Research, development and engineering costs 161 163 165 Selling, general and administrative costs 240 247 216 Interest expense 156 159 8 Income tax expense 61 86 106 Other segment items (3) (34) 2 (37) Consolidated net income $ 282 $ 261 $ 390 (1) Variable manufacturing costs include freight, duties, direct and indirect labor costs, repairs and maintenance, repositioning costs and variable overhead costs. (2) Fixed manufacturing costs include depreciation and amortization, rent, overhead labor costs, utilities and other fixed costs.
Summary of Long-lived Assets by Region	Long-lived assets concentration — Long-lived assets (1) by region are as follows: December 31 2024 2023 (Dollars in millions) United States $ 18 $ 19 Europe Slovakia 83 89 Romania 43 46 Rest of Europe 96 101 Asia China 110 117 Rest of Asia 50 53 Other International 49 52 $ 449 $ 477 (1) Long-lived assets are comprised of property, plant and equipment–net.

Unaudited Quarterly Financial_2

Unaudited Quarterly Financial Information (Tables)	12 Months Ended
	Dec. 31, 2024
Quarterly Financial Information Disclosure [Abstract]
Summary of Unaudited Quarterly Financial Information	The following tables show selected unaudited quarterly results of operations for the years ended December 31, 2024 and 2023. The quarterly data have been prepared on the same basis as the audited annual financial statements and include all adjustments, which include only normal recurring adjustments, necessary for the fair statement of our results of operations for these periods. 2024 March 31 June 30 September 30 December 31 Year Ended December 31 (Dollars in millions) Net sales $ 915 $ 890 $ 826 $ 844 $ 3,475 Gross profit 172 185 166 182 705 Net income 66 64 52 100 282 Net income available for distribution 66 64 52 100 282 Earnings per share - basic 0.28 0.29 0.24 0.47 1.27 Earnings per share - diluted 0.28 0.28 0.24 0.47 1.26 2023 March 31 June 30 September 30 December 31 Year Ended December 31 (Dollars in millions) Net sales $ 970 $ 1,011 $ 960 $ 945 $ 3,886 Gross profit 189 202 176 189 756 Net income 81 71 57 52 261 Net income (loss) available for distribution 41 (201) 57 52 (51) Earnings (loss) per share - basic 0.13 (1.88) 0.23 0.22 (0.31) Earnings (loss) per share - diluted 0.13 (1.88) 0.23 0.22 (0.31) Earnings (loss) per share - diluted method (1) Two-class Two-class Two-class (1) As our Series A Preferred Stock was converted into Common Stock pursuant to the Transaction, diluted earnings per share for the quarters ended September 30, 2023 and December 31, 2023 are computed using the weighted-average number of common shares outstanding during the period plus the dilutive effect of common stock equivalents using the treasury stock method.

Plan of Reorganization (Details

Plan of Reorganization (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reorganizations [Abstract]
Charge for reorganization items	$ 0	$ 0	$ 3

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Details) $ in Millions			12 Months Ended
	Jun. 06, 2023 shares	Apr. 12, 2023 USD ($) shares	Dec. 31, 2024 USD ($) Segment institution shares	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 04, 2024 USD ($)	Feb. 13, 2024 USD ($)
Significant Accounting Policies [Line Items]
Number of reporting unit with negative carrying value | Segment			1
Customer reimbursable engineering			$ 29	$ 12
Government grants			$ 19	$ 14	$ 25
Number of third party financial institutions | institution			2
Supplier finance program, obligation, statement of financial position [extensible enumeration]			Accounts payable	Accounts payable
Net actuarial gain (losses) recognition, minimum percentage			10%
Stock repurchase program, authorized amount						$ 250	$ 350
Payments for dividends of convertible preferred stock			$ 0	$ 25	0
Stock repurchased during period (in shares) | shares			33,493,224
Payments for repurchase of common stock			$ 296	213	0
Series A Preferred Stock
Significant Accounting Policies [Line Items]
Stock repurchase program, authorized amount		$ 570
Shares of Garrett common stock distributed | shares	175,337,712
Series A Preferred Stock | Additional Amounts And Accumulated Dividends | Related Party
Significant Accounting Policies [Line Items]
Preferred stock dividends (in shares) | shares		7,276,036
Common Stock
Significant Accounting Policies [Line Items]
Issuance of common stock for preference dividends (in shares) | shares	25,577,517
Conversion of stock, shares issued (in shares) | shares	175,337,712
Trane Technologies | Related Party | Purchase of goods and services
Significant Accounting Policies [Line Items]
Related party transaction, amounts of transaction			1
Accounts payable, trade			0
Honeywell International, Inc
Significant Accounting Policies [Line Items]
Related party transaction, amounts of transaction				2	9
Honeywell International, Inc | Related Party
Significant Accounting Policies [Line Items]
Payments for dividends of convertible preferred stock		$ 1
Honeywell International, Inc | Series A Preferred Stock | Related Party
Significant Accounting Policies [Line Items]
Shares of Garrett common stock distributed | shares		4,196,330
Honeywell International, Inc | Common Stock | Related Party
Significant Accounting Policies [Line Items]
Issuance of common stock for preference dividends (in shares) | shares		438,009
Centerbridge Partners, L.P. and Oaktree Capital Management, L.P. | Related Party
Significant Accounting Policies [Line Items]
Payments for dividends of convertible preferred stock		$ 9
Centerbridge Partners, L.P. and Oaktree Capital Management, L.P. | Series A Preferred Stock | Related Party
Significant Accounting Policies [Line Items]
Shares of Garrett common stock distributed | shares		65,334,277
Stock repurchased during period (in shares) | shares	69,707,719
Centerbridge Partners, L.P. and Oaktree Capital Management, L.P. | Common Stock | Related Party
Significant Accounting Policies [Line Items]
Issuance of common stock for preference dividends (in shares) | shares		6,819,540
Sessa Capital and its affiliates | Related Party
Significant Accounting Policies [Line Items]
Payments for dividends of convertible preferred stock		$ 2
Sessa Capital and its affiliates | Common Stock | Related Party
Significant Accounting Policies [Line Items]
Issuance of common stock for preference dividends (in shares) | shares		1,731,900
Conversion of stock, shares issued (in shares) | shares		16,592,384
Centerbridge | Related Party
Significant Accounting Policies [Line Items]
Payments for repurchase of common stock			$ 25
Centerbridge | Common Stock | Related Party
Significant Accounting Policies [Line Items]
Stock repurchased during period (in shares) | shares			2,808,988
Guaranteed bank notes
Significant Accounting Policies [Line Items]
Supplier finance program payment timing period			6 months
Cost of Goods Sold
Significant Accounting Policies [Line Items]
Research and development cost			$ 187	175	153
Engineering-related expenses			(26)	(12)	11
Research and development expense, customer reimbursement			$ 67	$ 46	$ 25
Minimum | Buildings and improvements
Significant Accounting Policies [Line Items]
Estimated useful lives			10 years
Minimum | Machinery and equipment
Significant Accounting Policies [Line Items]
Estimated useful lives			2 years
Minimum | Tooling
Significant Accounting Policies [Line Items]
Estimated useful lives			3 years
Minimum | Software
Significant Accounting Policies [Line Items]
Estimated useful lives			5 years
Maximum | Buildings and improvements
Significant Accounting Policies [Line Items]
Estimated useful lives			50 years
Maximum | Machinery and equipment
Significant Accounting Policies [Line Items]
Estimated useful lives			16 years
Maximum | Tooling
Significant Accounting Policies [Line Items]
Estimated useful lives			10 years
Maximum | Software
Significant Accounting Policies [Line Items]
Estimated useful lives			7 years

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Supplier Finance Program (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)
Supplier financing obligations
Supplier Finance Program, Obligation [Roll Forward]
Balance at December 31, 2023	$ 68
Obligations added to the program	249
Obligations settled	(250)
Foreign currency translation	(3)
Balance at December 31, 2024	64
Guaranteed bank notes
Supplier Finance Program, Obligation [Roll Forward]
Balance at December 31, 2023	193
Obligations added to the program	340
Obligations settled	(386)
Foreign currency translation	(6)
Balance at December 31, 2024	$ 141

Revenue Recognition and Contr_3

Revenue Recognition and Contracts with Customers - Additional Information (Details)	12 Months Ended
	Dec. 31, 2024
Revenue Recognition And Contracts With Customers [Line Items]
Performance obligation satisfied, period	1 month
Cash advances and unbilled receivables settlement, period	3 months
Performance obligation, minimum expected term period to disclose value	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-01-01
Revenue Recognition And Contracts With Customers [Line Items]
Performance obligation expected to be satisfied, period	1 year
Maximum
Revenue Recognition And Contracts With Customers [Line Items]
Performance obligation satisfied over time, percentage	1%

Revenue Recognition and Contr_4

Revenue Recognition and Contracts with Customers - Summary of Contract Assets and Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Change in Contract with Customer, Asset [Abstract]
Contract assets—January 1	$ 38	$ 46
Contract assets—December 31,	40	38
Change in contract assets—Increase/(Decrease)	2	(8)
Change in Contract with Customer, Liability [Abstract]
Contract liabilities—January 1	(11)	(8)
Contract liabilities—December 31,	(8)	(11)
Change in contract liabilities—(Increase)/Decrease	$ 3	$ (3)

Other Expense, Net (Details)

Other Expense, Net (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other Income and Expenses [Abstract]
Factoring and notes receivables discount fees	$ 4	$ 4	$ 2
Supplier financing fees	1	1	0
Other	1	0	0
Other expense, net	$ 6	$ 5	$ 2

Non-Operating Income, Net (Deta

Non-Operating Income, Net (Details) - USD ($) $ in Millions		12 Months Ended
	Jun. 06, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Nonoperating Income (Expense) [Abstract]
Equity income of affiliated companies		$ (2)	$ (7)	$ (7)
Interest income		(3)	(7)	(2)
Pension (income) — non service		(13)	(7)	(37)
Foreign exchange loss		4	6	2
Loss on remeasurement	$ 13	0	13	0
Others, net		1	0	(3)
Non-operating income, net (Note 6)		$ (13)	$ (2)	$ (47)

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income (loss) Before Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest [Abstract]
Domestic entities	$ (65)	$ (94)	$ 7
Entities outside the U.S.	408	441	489
Income before taxes	$ 343	$ 347	$ 496

Income Taxes - Schedule of Tax

Income Taxes - Schedule of Tax Expense (Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Current:
Federal	$ (3)	$ 12	$ 9
State	1	0	1
Foreign	56	50	50
Total current income tax expense (benefit)	54	62	60
Deferred:
Federal	(9)	(14)	9
State	(1)	1	0
Foreign	17	37	37
Total deferred income tax expense (benefit)	7	24	46
Income tax expense (benefit)	$ 61	$ 86	$ 106

Income Taxes - Schedule of U.S

Income Taxes - Schedule of U.S Federal Statutory Income Tax Rate Reconciled to Effective Income Tax Rate (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
U.S. federal statutory income tax rate	21%	21%	21%
Taxes on non-U.S. earnings different from U.S. tax	(3.30%)	(3.60%)	(3.40%)
Reserves for tax contingencies	(4.70%)	0.20%	(0.40%)
Non-deductible and permanent items	0%	0%	0.70%
Withholding and other taxes on foreign earnings	7%	7%	3.90%
Tax law changes	0.10%	(1.70%)	0.10%
Changes in valuation allowance	(4.90%)	5.50%	(0.60%)
All other items	2.60%	(3.60%)	0.10%
Effective income tax rate	17.80%	24.80%	21.40%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Effective income tax rate (decrease) increase	7%	3.40%
Valuation allowance	$ 29	$ 52
Valuation allowance, deferred tax asset, decrease, amount	23
Deferred income tax assets	207	216
Deferred income tax liability	25	27
Deferred income tax liabilities, withholding taxes	18
Unrecognized tax benefits	48	66	$ 71
Unrecognized tax benefits, expected to be resolve in the next twelve months	22
Interest and penalties, expense (benefit)	(2)	5	2
Accrued interest and penalties	$ 32	$ 34	$ 29

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets:
Intangibles and fixed assets	$ 112	$ 139
Pension	0	4
Accruals and reserves	29	30
Net operating losses and other tax attribute carryforwards	34	35
Outside basis differences	29	13
Other	70	55
Total deferred tax assets	274	276
Valuation allowance	(29)	(52)
Net deferred tax assets	245	224
Deferred tax liabilities:
Outside basis differences	(18)	(9)
Other	(45)	(26)
Total deferred tax liabilities	(63)	(35)
Net deferred tax asset	$ 182	$ 189

Income Taxes - Schedule of Net

Income Taxes - Schedule of Net Operating Loss Carryforwards (Details) $ in Millions	Dec. 31, 2024 USD ($)
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carryforwards	$ 67
Brazil
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carryforwards	42
Luxembourg
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carryforwards	14
China
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carryforwards	9
Other
Operating Loss Carryforwards [Line Items]
Net Operating Loss Carryforwards	$ 2

Income Taxes - Schedule of Chan

Income Taxes - Schedule of Changes in Uncertain Tax Positions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Unrecognized Tax Benefits [Roll Forward]
Balance at beginning of year	$ 66	$ 71	$ 80
Gross increases related to current period tax positions	5	3	4
Gross increases related to prior periods tax positions	2	0	5
Gross decreases related to prior periods tax positions	0	0	0
Decrease related to resolutions of audits with tax authorities	(6)	0	0
Expiration of the statute of limitations for the assessment of taxes	(17)	(8)	(14)
Foreign currency translation	(2)	0	(4)
Balance at end of year	$ 48	$ 66	$ 71

Accounts, Notes and Other Rec_3

Accounts, Notes and Other Receivables—Net - Schedule of Accounts, Notes and Other Receivables-Net (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Receivables [Abstract]
Trade receivables	$ 521	$ 614
Notes receivables	96	101
Other receivables	74	99
Accounts, notes and other receivables, gross	691	814
Less — Allowance for expected credit losses	(4)	(6)
Accounts, notes and other receivables, net	$ 687	$ 808

Accounts, Notes and Other Rec_4

Accounts, Notes and Other Receivables—Net - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Receivables [Abstract]
Unbilled balances	$ 40	$ 38

Factoring and Notes Receivabl_2

Factoring and Notes Receivable - Schedule of Factoring and Notes Receivable (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Eligible receivables sold without recourse	$ 701	$ 783	$ 664
Guaranteed bank notes sold without recourse	161	92	$ 102
Receivables sold but not yet collected by the bank from the customer	6	7
Guaranteed bank notes sold but not yet collected by the bank from the customer	$ 0	$ 0

Factoring and Notes Receivabl_3

Factoring and Notes Receivable - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Factoring and notes receivables discount fees	$ 4	$ 4	$ 2
Asset Pledged as Collateral
Accounts, Notes, Loans and Financing Receivable [Line Items]
Bank notes receivable	$ 0	$ 0

Inventories_Net (Details)

Inventories—Net (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 230	$ 198
Work in process	18	21
Finished products	79	85
Inventories, gross	327	304
Less — Reserves	(41)	(41)
Inventories, net	$ 286	$ 263

Other Current Assets (Details)

Other Current Assets (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid expenses	$ 16	$ 15
Taxes receivable	18	18
Advanced discounts to customers, current	18	16
Customer reimbursable engineering	29	12
Foreign exchange forward contracts	13	12
Other	0	2
Other current assets	$ 94	$ 75

Other Assets (Details)

Other Assets (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Advanced discounts to customers, non-current	$ 29	$ 41
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets	Other assets
Operating right-of-use assets (Note 18)	$ 52	$ 40
Income tax receivable	21	20
Pension and other employee related	23	11
Derivatives designated as net investment hedges	70	37
Designated and undesignated derivatives	20	46
Other	9	11
Other assets	$ 224	$ 206

Property, Plant and Equipment_3

Property, Plant and Equipment—Net - Schedule of Property, Plant and Equipment - Net (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 1,511	$ 1,537
Less — Accumulated depreciation and amortization	(1,062)	(1,060)
Property, plant and equipment, net	449	477
Land and improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	13	14
Buildings and improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	150	153
Machinery and equipment
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	702	732
Tooling
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	433	435
Software
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	90	83
Construction in progress
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	98	96
Others
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 25	$ 24

Property, Plant and Equipment_4

Property, Plant and Equipment—Net - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 90	$ 90	$ 84

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Goodwill [Roll Forward]
Goodwill (Note 14)	$ 193	$ 193

Accrued Liabilities - Summary o

Accrued Liabilities - Summary of Accrued Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Accrued Liabilities, Current [Abstract]
Customer pricing reserve	$ 77	$ 57
Compensation, benefits and other employee related	74	80
Repositioning	12	9
Product warranties and performance guarantees - Short-term	15	18
Income and other taxes	32	42
Customer advances and deferred income	16	15
Accrued interest	$ 14	$ 26
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities	Accrued Liabilities
Short-term lease liability (Note 18)	$ 11	$ 9
Freight accrual	9	9
Dividends declared (Note 21)	12	0
Designated and undesignated derivatives	8	12
Other (primarily operating expenses)	19	16
Accrued Liabilities	299	293
Contract liabilities	8	9
Accrued environmental liability	$ 6	$ 5

Accrued Liabilities - Summary_2

Accrued Liabilities - Summary of Expenses Related to the Repositioning Accruals (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Restructuring Reserve [Roll Forward]
Balance at beginning of period	$ 9	$ 9
Charges	21	13
Usage—cash	(18)	(11)
Non-cash asset write-offs		(2)
Balance at end of period	$ 12	$ 9
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of goods sold, Selling, general and administrative expenses	Cost of goods sold, Selling, general and administrative expenses
Severance Costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period	$ 9	$ 9
Charges	21	11
Usage—cash	(18)	(11)
Non-cash asset write-offs		0
Balance at end of period	12	9
Other Costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period	0	0
Charges	0	2
Usage—cash	0	0
Non-cash asset write-offs		(2)
Balance at end of period	$ 0	$ 0

Long-term Debt and Credit Agr_3

Long-term Debt and Credit Agreements - Additional Information (Details) € in Millions						12 Months Ended
	May 21, 2024 EUR (€)	May 21, 2024 USD ($)	Jul. 31, 2023 USD ($)	Apr. 27, 2023 USD ($)	Apr. 26, 2021 EUR (€)	Dec. 31, 2024 USD ($)	May 21, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Apr. 26, 2021 USD ($)
Debt Instrument [Line Items]
Debt issuance costs, gross						$ 22,000,000		$ 46,000,000
Debt instrument, interest payment period if applicable period exceeds three months						3 months
ABR Loans | Minimum
Debt Instrument [Line Items]
Debt instrument applicable margin rate						0%
2023 Dollar Term Facility
Debt Instrument [Line Items]
Debt instrument, annual fixed interest rate						4.50%
Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Debt instrument applicable margin rate						1%
Unused commitment fee percentage						0.25%
Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Unused commitment fee percentage						0.50%
Revolving Credit Facility | Letter of Credit
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity										$ 125,000,000
Letter of Credit
Debt Instrument [Line Items]
Line of credit						$ 8,000,000		12,000,000
2032 Senior Notes | Unsecured Debt
Debt Instrument [Line Items]
Debt instrument, face amount | €	€ 800
Debt instrument, annual fixed interest rate	7.75%					7.75%	7.75%
Debt issuance costs, gross							$ 12,000,000
Debt instrument, redemption price, percentage of principal amount redeemed (in percentage)						100%
Debt instrument, percentage of principal amount redeemed with funds not exceeding net cash proceeds of equity offerings (in percentage)						40%
Debt Instrument, Redemption Price, Percentage	101%	101%
2032 Senior Notes | Unsecured Debt | Debt Instrument, Redemption, Period One
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage of principal amount redeemed (in percentage)						107.75%
2032 Senior Notes | Unsecured Debt | Debt Instrument, Redemption, Period Two
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage of principal amount redeemed (in percentage)						103.875%
2032 Senior Notes | Unsecured Debt | Debt Instrument, Redemption, Period Three
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage of principal amount redeemed (in percentage)						101.938%
2032 Senior Notes | Unsecured Debt | Debt Instrument, Redemption, Period Four
Debt Instrument [Line Items]
Debt instrument, redemption price, percentage of principal amount redeemed (in percentage)						100%
Credit Agreement
Debt Instrument [Line Items]
Debt instrument, face amount						$ 30,000,000
Percentage of excess cash flow proceeds thereafter year 1						25%
Percentage of excess cash flow proceeds thereafter year 2						0%
Aggregate commitment percentage						35%
Credit Agreement | Maximum
Debt Instrument [Line Items]
Consolidated total leverage ratio						4.7
Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity				$ 570,000,000
Line of credit						$ 0		0
Line of credit, available borrowing capacity						600,000,000		570,000,000
Line of credit facility, increase (decrease) in maximum borrowing capacity				$ 95,000,000
Line of credit facility, extension period				2 years
Credit Agreement | Undrawn Letters of Credit
Debt Instrument [Line Items]
Line of credit						0		$ 0
Credit Agreement | Secured Debt
Debt Instrument [Line Items]
Repayments of Lines of Credit | €	€ 800
Deferred financing costs on repaid historical debt expensed						27,000,000
Credit Agreement | Secured Debt | 2023 Dollar Term Facility
Debt Instrument [Line Items]
Repayments of Lines of Credit			$ 200,000,000
Line of credit, term				5 years
Line of credit, maximum borrowing capacity				$ 700,000,000
Line of credit facility, first period				2 years
Limit period after closing date to prepay credit facility				12 months
Credit Agreement | Secured Debt | 2023 Dollar Term Facility | Interest Income
Debt Instrument [Line Items]
Increase of amortization of financing costs			$ 9,000,000
Credit Agreement | Secured Debt | 2023 Dollar Term Facility | First Term
Debt Instrument [Line Items]
Line of credit facility, periodic payment, percentage of aggregate principal amount				7.50%
Credit Agreement | Secured Debt | 2023 Dollar Term Facility | Second Term
Debt Instrument [Line Items]
Line of credit facility, periodic payment, percentage of aggregate principal amount				10%
Credit Agreement | Secured Debt | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity							$ 600,000,000		$ 475,000,000	300,000,000
Line of credit facility, increase (decrease) to borrowing capacity		$ 30,000,000
Credit Agreement | Secured Debt | Euro Term Loan Facility And Dollar Term Facility
Debt Instrument [Line Items]
Repayments of Lines of Credit						$ 985,000,000
Credit Agreement, USD Tranche | Secured Debt | Term Loan Facility
Debt Instrument [Line Items]
Line of credit, term					7 years
Line of credit, maximum borrowing capacity										$ 715,000,000
Credit Agreement, EUR Tranche | Secured Debt | Term Loan Facility
Debt Instrument [Line Items]
Line of credit, term					7 years
Line of credit, maximum borrowing capacity | €					€ 450
2021 Dollar Term Facility | Secured Overnight Financing Rate (SOFR)
Debt Instrument [Line Items]
Debt instrument applicable margin rate						2.75%
2021 Dollar Term Facility | Secured Overnight Financing Rate (SOFR) | Minimum
Debt Instrument [Line Items]
Debt instrument applicable margin rate						0.50%
2021 Dollar Term Facility | ABR Loans
Debt Instrument [Line Items]
Debt instrument applicable margin rate						1.75%
2021 Dollar Term Facility | ABR Loans | Minimum
Debt Instrument [Line Items]
Debt instrument applicable margin rate						1.50%

Long-term Debt and Credit Agr_4

Long-term Debt and Credit Agreements - Schedule of Principal Outstanding And Carrying Amount of Long term Debt (Details) - USD ($) $ in Millions	Dec. 31, 2024	May 21, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total debt payments	$ 1,493		$ 1,696
Less: unamortized deferred financing costs	(22)		(46)
Less: current portion of long-term debt	(7)		(7)
Total long-term debt	1,464		1,643
Notes Payable
Debt Instrument [Line Items]
Total debt payments	$ 1		0
2032 Senior Notes | Unsecured Debt
Debt Instrument [Line Items]
Long term debt, interest rate	7.75%	7.75%
Total debt payments	$ 800		0
Less: unamortized deferred financing costs		$ (12)
2021 Dollar Term Facility
Debt Instrument [Line Items]
Long term debt, interest rate	2.75%
Total debt payments	$ 692		699
2023 Dollar Term Facility
Debt Instrument [Line Items]
Long term debt, interest rate	4.50%
Total debt payments	$ 0		500
Euro Term Facility
Debt Instrument [Line Items]
Long term debt, interest rate	3.50%
Total debt payments	$ 0		$ 497

Long-term Debt and Credit Agr_5

Long-term Debt and Credit Agreements - Schedule of Principal Repayments Of Credit Facilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
2025	$ 7
2026	7
2027	7
2028	672
2029	0
Thereafter	800
Total payments on long-term debt	$ 1,493	$ 1,696

Mandatorily Redeemable Series_2

Mandatorily Redeemable Series B Preferred Stock (Details) - USD ($) $ in Millions		12 Months Ended
	Apr. 26, 2021	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Class Of Stock [Line Items]
Payments for redemptions of Series B Preferred stock		$ 0	$ 0	$ 381
Loss on extinguishment of debt (Note 17)		$ 0	$ 0	$ 5
Series B Preferred Stock | Honeywell International, Inc
Class Of Stock [Line Items]
Issuance of Series A Preferred Stock (in shares)	834,800,000
Stock redeemed during period (in shares)				488,811,503
Payments for redemptions of Series B Preferred stock				$ 409
Payments for redemptions of Series B Preferred stock, interest				$ 28
Preferred stock, shares outstanding (in shares)		0	0	0

Leases - Additional Information

Leases - Additional Information (Details) - Maximum	12 Months Ended
	Dec. 31, 2024
Lessee Lease Description [Line Items]
Operating lease, remaining lease terms	13 years
Operating lease, options to extend, years	2 years

Leases - Summary of Components

Leases - Summary of Components of Lease Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease cost	$ 17	$ 16	$ 16

Leases - Summary of Supplementa

Leases - Summary of Supplemental Cash Flow Information Related to Operating Leases (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows from operating leases	$ 33	$ 13	$ 13
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$ 11	$ 3	$ 5

Leases - Summary of Supplemen_2

Leases - Summary of Supplemental Balance Sheet Information Related to Operating Leases (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Other assets	$ 52	$ 40
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets (Note 12)	Other assets (Note 12)
Accrued liabilities	$ 11	$ 9
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued liabilities (Note 15)	Accrued liabilities (Note 15)
Other liabilities	$ 42	$ 33
Operating Lease Liability Noncurrent Statement Of Financial Position [Extensible List]	Other liabilities (Note 20)	Other liabilities (Note 20)
Weighted-average lease term (in years)	6 years 10 months 20 days	8 years 29 days
Weighted-average discount rate	6.71%	5.69%

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Operating Lease Liabilities (Details) $ in Millions	Dec. 31, 2024 USD ($)
Leases [Abstract]
2025	$ 14
2026	12
2027	11
2028	7
2029	4
Thereafter	17
Total lease payments	65
Less imputed interest	(12)
Operating lease, liabilities	$ 53

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measures - Additional Information (Details) € in Millions, $ in Millions	1 Months Ended	12 Months Ended
	Apr. 30, 2024 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2024 EUR (€)	Dec. 31, 2023 EUR (€)
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Loss in fair value of effective cash flow hedges		$ 8	$ 15	$ (6)
Gain (loss) in fair value of net investment hedges, net of tax		49	(9)	$ 44
Level 2 | Fair value measurements recurring
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Derivative, aggregate gross notional amount		2,913	3,303
Undesignated cross-currency swap at fair value		104	95
Level 2 | Fair value measurements recurring | Designated as Hedging
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Derivative, aggregate gross notional amount		1,846	1,671
Undesignated cross-currency swap at fair value		86	48
Level 2 | Fair value measurements recurring | Undesignated as Hedging
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Derivative, aggregate gross notional amount		1,067	1,632
Undesignated cross-currency swap at fair value		18	47
Forward currency exchange contracts
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Derivative, aggregate gross notional amount		928	1,171
Forward currency exchange contracts | Level 2 | Fair value measurements recurring | Designated as Hedging
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Derivative, aggregate gross notional amount		$ 331	456
Maximum remaining maturity of foreign currency derivatives		18 months
Undesignated cross-currency swap at fair value		$ 4	11
Forward currency exchange contracts | Level 2 | Fair value measurements recurring | Undesignated as Hedging
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Derivative, aggregate gross notional amount		$ 597	715
Maximum remaining maturity of foreign currency derivatives		3 months
Undesignated cross-currency swap at fair value		$ 9	1
Derivative, gain (loss) on derivative, net		12	(8)
Interest rate swap | Level 2 | Fair value measurements recurring | Designated as Hedging
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Derivative, aggregate gross notional amount		0	200
Undesignated cross-currency swap at fair value		0	0
Interest rate swap | Level 2 | Fair value measurements recurring | Undesignated as Hedging
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Derivative, aggregate gross notional amount		470	917		€ 450	€ 830
Undesignated cross-currency swap at fair value		9	46
Derivative, gain (loss) on derivative, net		(37)	(33)
Interest rate swap | Designated as Hedging
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Derivative, aggregate gross notional amount			200
Cross-currency interest rate swaps
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Gain (loss) in fair value of net investment hedges, net of tax		49	(9)
Ineffectiveness on net investment hedges		0
Cross-currency interest rate swaps | Level 2 | Fair value measurements recurring | Designated as Hedging
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Derivative, aggregate gross notional amount		1,515	1,015
Undesignated cross-currency swap at fair value		82
Cross-currency interest rate swaps | Cash Flow Hedging
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Derivative, aggregate gross notional amount		550			507
Cross-currency interest rate swaps | Cash Flow Hedging | 2023 Dollar Term Facility | Credit Agreement, USD Tranche | Secured Debt
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Derivative, aggregate gross notional amount			300			280
Cross-currency interest rate swaps | Cash Flow Hedging | 2023 Dollar Term Facility | Credit Agreement, USD Tranche | Secured Debt | Non-operating Expense (Income)
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Gain (loss) on derivative instruments, net, pretax		(4)
Cross-currency interest rate swaps | Cash Flow Hedging | 2023 Dollar Term Facility | Credit Agreement, USD Tranche | Secured Debt | Interest Expense
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Gain (loss) on derivative instruments, net, pretax		18
Cross-currency interest rate swaps | Net Investment Hedging
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Derivative, aggregate gross notional amount		965	715		€ 858	€ 615
Derivative, cash received on hedge	$ 13
Cross-currency interest rate swaps | Net Investment Hedging | Level 2 | Fair value measurements recurring | Designated as Hedging
Derivative Instruments And Hedging Activities Disclosures [Line Items]
Undesignated cross-currency swap at fair value		$ 70	$ 37

Financial Instruments and Fai_4

Financial Instruments and Fair Value Measures - Summary of Financial Assets and Liabilities Accounted for at Fair Value on Recurring Basis (Details) € in Millions, $ in Millions	Dec. 31, 2024 USD ($)	Dec. 31, 2024 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 EUR (€)
Forward currency exchange contracts
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Notional Amounts	$ 928		$ 1,171
Interest rate swap | Designated as Hedging
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Notional Amounts			200
Fair value measurements recurring | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Notional Amounts	2,913		3,303
Fair Value, Assets	104		95
Fair Value, Liabilities	11		32
Fair value measurements recurring | Level 2 | Designated as Hedging
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Notional Amounts	1,846		1,671
Fair Value, Assets	86		48
Fair Value, Liabilities	6		23
Fair value measurements recurring | Level 2 | Designated as Hedging | Forward currency exchange contracts
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Notional Amounts	331		456
Fair Value, Assets	4		11
Fair Value, Liabilities	6		6
Fair value measurements recurring | Level 2 | Designated as Hedging | Cross-currency interest rate swaps
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Notional Amounts	1,515		1,015
Fair Value, Assets	82
Fair Value, Liabilities	0		17
Fair value measurements recurring | Level 2 | Designated as Hedging | Interest rate swap
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Notional Amounts	0		200
Fair Value, Assets	0		0
Fair Value, Liabilities	0		0
Fair value measurements recurring | Level 2 | Undesignated as Hedging
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Notional Amounts	1,067		1,632
Fair Value, Assets	18		47
Fair Value, Liabilities	5		9
Fair value measurements recurring | Level 2 | Undesignated as Hedging | Forward currency exchange contracts
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Notional Amounts	597		715
Fair Value, Assets	9		1
Fair Value, Liabilities	2		6
Fair value measurements recurring | Level 2 | Undesignated as Hedging | Interest rate swap
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Notional Amounts	470	€ 450	917	€ 830
Fair Value, Assets	9		46
Fair Value, Liabilities	$ 3		$ 3

Financial Instruments and Fai_5

Financial Instruments and Fair Value Measures - Summary of Financial Assets and Liabilities Not Carried at Fair Value (Details) $ in Millions	Dec. 31, 2024 USD ($)
Carrying Value | 2032 Senior Notes | Unsecured Debt
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument, fair value disclosure	$ 800
Carrying Value | Term Loan Facility | Credit Agreement, USD Tranche | Secured Debt
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument, fair value disclosure	692
Level 2 | Fair Value | 2032 Senior Notes | Unsecured Debt
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument, fair value disclosure	810
Level 2 | Fair Value | Term Loan Facility | Credit Agreement, USD Tranche | Secured Debt
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Debt instrument, fair value disclosure	$ 693

Other Liabilities (Details)

Other Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Other Liabilities Disclosure [Abstract]
Income taxes	$ 79	$ 99
Designated and undesignated derivatives	3	20
Pension and other employee related	$ 18	$ 23
Operating Lease Liability Noncurrent Statement Of Financial Position [Extensible List]	Other liabilities	Other liabilities
Long-term lease liability (Note 18)	$ 42	$ 33
Advanced discounts from suppliers	2	3
Product warranties and performance guarantees – Long-term	8	9
Environmental Remediation – Long-term	10	13
Long-term accounts payable	5	7
Other	15	11
Other liabilities	$ 182	$ 218

Equity - Additional Information

Equity - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions				3 Months Ended	12 Months Ended
	Jan. 31, 2025	Jun. 06, 2023	Apr. 12, 2023	Jun. 30, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 04, 2024	Feb. 13, 2024	Apr. 30, 2021
Class Of Stock [Line Items]
Stock repurchase program, authorized amount								$ 250	$ 350
Preferred Stock dividends						$ 42	$ 83
Payments for dividends of convertible preferred stock					$ 0	25	0
Stock repurchased during period (in shares)					33,493,224
Stock repurchase program, fair value assumptions, dividend yield		0%
Stock repurchase program, fair value assumptions, expected volatility		40%
Stock repurchase program, fair value assumptions, risk free interest rate		4.23%
Forward contract indexed to equity, settlement, share, fair value		$ 4
Loss on remeasurement		13			$ 0	13	0
Stock repurchased during period, value					296		6
Excise tax on share repurchases					3	8
Stock repurchased during period, transaction-related costs					$ 9
Common stock, dividends, per share, declared (in US dollar per share)					$ 0.06
Subsequent event
Class Of Stock [Line Items]
Payments of ordinary dividends, common stock	$ 12
Retained Deficit
Class Of Stock [Line Items]
Preferred Stock dividends						42	83
Stock repurchased during period, value							$ 2
Excise tax on share repurchases		$ 6				8
Centerbridge Partners, L.P. and Oaktree Capital Management, L.P. | Related Party
Class Of Stock [Line Items]
Payments for dividends of convertible preferred stock			$ 9
Series A Preferred Stock
Class Of Stock [Line Items]
Stock repurchase program, authorized amount			$ 570
Stock repurchase program, volume-weighted average share price calculation trading days		15 days	15 days
Stock repurchase program, volume-weighted average share price			$ 8.177
Shares of Garrett common stock distributed		175,337,712
Stock repurchase program, starting price (in USD per share)		$ 8.25
Stock repurchased during period, value						567
Series A Preferred Stock | Retained Deficit
Class Of Stock [Line Items]
Stock repurchased during period, value		$ 201				201
Series A Preferred Stock | Centerbridge Partners, L.P. and Oaktree Capital Management, L.P. | Related Party
Class Of Stock [Line Items]
Payments for repurchase of convertible preferred stock		$ 570
Stock repurchased during period (in shares)		69,707,719
Shares of Garrett common stock distributed			65,334,277
Series A Preferred Stock | Accumulate Dividend
Class Of Stock [Line Items]
Preferred stock, dividends per share, declared				$ 0.853509
Series A Preferred Stock | Additional Amounts
Class Of Stock [Line Items]
Preferred stock, dividends per share, declared				$ 0.144375
Preferred Stock dividends		$ 35
Payments for dividends of convertible preferred stock		25
Series A Preferred Stock | Additional Amounts | Centerbridge Partners, L.P. and Oaktree Capital Management, L.P. | Related Party
Class Of Stock [Line Items]
Payments for repurchase of convertible preferred stock		$ 10
Series A Preferred Stock | Minimum
Class Of Stock [Line Items]
Stock repurchase program (in USD per share)			$ 7.875
Series A Preferred Stock | Maximum
Class Of Stock [Line Items]
Stock repurchase program (in USD per share)			$ 8.50
Series A Preferred Stock | Centerbridge, Oaktree And Additional Investors
Class Of Stock [Line Items]
Preferred stock, shares issued (in shares)										247,757,290
Common Stock
Class Of Stock [Line Items]
Issuance of common stock for preference dividends (in shares)		25,577,517
Conversion of stock, shares issued (in shares)		175,337,712
Stock repurchased during period, value						213
Common Stock | Retained Deficit
Class Of Stock [Line Items]
Stock repurchased during period, value						$ 213
Common Stock | Centerbridge Partners, L.P. and Oaktree Capital Management, L.P. | Related Party
Class Of Stock [Line Items]
Issuance of common stock for preference dividends (in shares)			6,819,540

Equity - Effects of the Transac

Equity - Effects of the Transaction on the Consolidated Interim Balance (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Class Of Stock [Line Items]
Accrued liabilities	$ 26	$ (8)	$ (17)
Repurchases of Series A Preferred Stock	0	(580)	(7)
Payments for Additional Amounts for conversion of Series A Preferred Stock	0	$ (25)	$ 0
Series A Repurchase
Class Of Stock [Line Items]
Cash and cash equivalents	(580)
Accrued liabilities	0
Preferred Stock	0
Common Stock	0
Additional Paid-in capital	(366)
Retained earnings	(201)
Non-operating income, net (Note 6)	13
Repurchases of Series A Preferred Stock	(580)
Payments for Additional Amounts for conversion of Series A Preferred Stock	0
2023 Conversion
Class Of Stock [Line Items]
Cash and cash equivalents	(25)
Accrued liabilities	0
Preferred Stock	0
Common Stock	0
Additional Paid-in capital	0
Retained earnings	(25)
Non-operating income, net (Note 6)	0
Repurchases of Series A Preferred Stock	0
Payments for Additional Amounts for conversion of Series A Preferred Stock	(25)
Settlement of Accumulated Dividends
Class Of Stock [Line Items]
Cash and cash equivalents	0
Accrued liabilities	0
Preferred Stock	0
Common Stock	0
Additional Paid-in capital	209
Retained earnings	(209)
Non-operating income, net (Note 6)	0
Repurchases of Series A Preferred Stock	0
Payments for Additional Amounts for conversion of Series A Preferred Stock	0
Excise tax on Series A Repurchase
Class Of Stock [Line Items]
Cash and cash equivalents	0
Accrued liabilities	6
Preferred Stock	0
Common Stock	0
Additional Paid-in capital	0
Retained earnings	(6)
Non-operating income, net (Note 6)	0
Repurchases of Series A Preferred Stock	0
Payments for Additional Amounts for conversion of Series A Preferred Stock	0
Total
Class Of Stock [Line Items]
Cash and cash equivalents	(605)
Accrued liabilities	6
Preferred Stock	0
Common Stock	0
Additional Paid-in capital	(157)
Retained earnings	(441)
Non-operating income, net (Note 6)	13
Repurchases of Series A Preferred Stock	(580)
Payments for Additional Amounts for conversion of Series A Preferred Stock	$ (25)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Summary of Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ (735)	$ (116)	$ (468)
Ending balance	(673)	(735)	(116)
Total Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(3)	36	(4)
Ending balance	73	(3)	36
Foreign Exchange Translation Adjustment
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(57)	(44)	(43)
Other comprehensive income (loss) before reclassifications	35	(13)	(1)
Amounts reclassified from AOCI, net	(5)	0	0
Ending balance	(27)	(57)	(44)
Pension Adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(20)	(18)	(9)
Other comprehensive income (loss) before reclassifications	14	1	18
Amounts reclassified from AOCI, net	(9)	(3)	(27)
Ending balance	(15)	(20)	(18)
OCI, before reclassifications, tax expense (benefit)	1	(1)	2
Changes in Fair Value of Effective Cash Flow Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(2)	13	7
Other comprehensive income (loss) before reclassifications	21	(2)	24
Amounts reclassified from AOCI, net	(29)	(13)	(18)
Ending balance	(10)	(2)	13
OCI, before reclassifications, tax expense (benefit)	(1)	3	(2)
Changes in Fair Value of Net Investment Hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	76	85	41
Other comprehensive income (loss) before reclassifications	49	(9)	44
Ending balance	125	76	85
OCI, before reclassifications, tax expense (benefit)	$ 14	$ 1	$ (13)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Reclassification Out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Reclassification adjustments recognized in income									$ (27)	$ 0	$ 0
Net income	$ (100)	$ (52)	$ (64)	$ (66)	$ (52)	$ (57)	$ (71)	$ (81)	(282)	(261)	(390)
Tax effect on reclassification to income									61	86	106
Reclassification forward currency exchange contracts to Cost of goods sold									2,770	3,130	2,920
Reclassification cross-currency swaps to Interest expense									156	159	8
Reclassification out of Accumulated Other Comprehensive Income
Defined Benefit Plan Disclosure [Line Items]
Reclassification adjustments recognized in income									(5)
Net income									(43)	(16)	(45)
Reclassification out of Accumulated Other Comprehensive Income | Foreign Exchange Translation Adjustment
Defined Benefit Plan Disclosure [Line Items]
Reclassification adjustments recognized in income									(5)	0	0
Net income									(5)	0	0
Reclassification out of Accumulated Other Comprehensive Income | Pension Adjustments
Defined Benefit Plan Disclosure [Line Items]
Net income									(9)	(3)	(27)
Reclassification to Non-operating (income) expense									(10)	(3)	(31)
Tax effect on reclassification to income									1	0	4
Reclassification out of Accumulated Other Comprehensive Income | Changes in Fair Value of Effective Cash Flow Hedges
Defined Benefit Plan Disclosure [Line Items]
Net income									(29)	(13)	(18)
Reclassification to Non-operating (income) expense									(26)	10	0
Tax effect on reclassification to income									4	3	3
Reclassification forward currency exchange contracts to Cost of goods sold									(3)	(23)	(21)
Reclassification cross-currency swaps to Interest expense									$ (4)	$ (3)	$ 0

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) shares	Dec. 31, 2023 shares	Dec. 31, 2022	May 25, 2021 shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted performance measures, for PSUs granted, adjusted EBITDA (in percent)			0.50
Weighted performance measures, for PSUs granted, adjusted EBITDA margin (in percent)			0.50
PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total unrecognized compensation cost | $	$ 12
Weighted-average recognition period	1 year 9 months 21 days
2021 Long Term Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock awarded (in shares)	8,931,710
Common stock available for future issuance (in shares)	22,348,766
Long Term Incentive Plan | RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total unrecognized compensation cost | $	$ 15
Weighted-average recognition period	1 year 8 months 26 days
Long Term Incentive Plan | PSUs | Officers and certain key employees
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted (in shares)	4,150,849
2021 PSUs for Adjusted EBITDA and Adjusted EBITDA Margin Measures | PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			3 years
2023 Performance measure for relative total shareholder return (“rTSR”) with stock price hurdles measured | PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	3 years	3 years
Stock Incentive Plan | PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period	36 months
Stock Incentive Plan and Long-Term Incentive Plan | RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares purchased for award (in shares)	1
Granted (in shares)	1,391,412	1,522,111
Stock Incentive Plan and Long-Term Incentive Plan | PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted (in shares)	1,171,883	1,204,831
Maximum | PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of target level to grant performance stock units	200%	200%	200%
Maximum | 2021 Long Term Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Aggregate number of shares of common stock that may be issued				31,280,476
Maximum | Stock Incentive Plan and Long-Term Incentive Plan | RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			5 years
Minimum | PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Percentage of target level to grant performance stock units	0%	0%	0%
Minimum | Stock Incentive Plan and Long-Term Incentive Plan | RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Vesting period			3 years

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Restricted Stock Activity Related to Stock Incentive Plan and Long-Term Incentive Plan (Details) - RSUs - Stock Incentive Plan and Long-Term Incentive Plan - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Number of Performance Stock Units
Non-vested, beginning balance (in shares)	3,035,445	2,401,900
Granted (in shares)	1,391,412	1,522,111
Vested (in shares)	(1,428,791)	(718,546)
Forfeited (in shares)	(152,195)	(170,020)
Non-vested, ending balance (in shares)	2,845,871	3,035,445
Weighted Average Grant Date Fair Value Per Share
Non-vested, beginning balance (in USD per share)	$ 7.86	$ 7.48
Granted (in USD per share)	9.45	8.20
Vested (in USD per share)	7.54	7.46
Forfeited (in USD per share)	8.46	7.29
Non-vested, ending balance (in USD per share)	$ 8.76	$ 7.86

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Valuation Assumptions for PSUs Granted (Details) - PSUs	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Volatility (in percent)	41.35%	85.01%
Dividend (in percent)	0%	0%
Interest (in percent)	4.25%	4.26%

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Performance Stock Units Related to Stock Incentive Plan and Long-Term Incentive Plan (Details) - PSUs - Stock Incentive Plan and Long-Term Incentive Plan - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Number of Performance Stock Units
Non-vested, beginning balance (in shares)	2,828,787	1,722,043
Granted (in shares)	1,171,883	1,204,831
Vested (in shares)	(1,031,104)	0
Forfeited (in shares)	(499,160)	(98,087)
Non-vested, ending balance (in shares)	2,470,406	2,828,787
Weighted Average Grant Date Fair Value Per Share
Non-vested, beginning balance (in USD per share)	$ 8.80	$ 8.60
Granted (in USD per share)	10.89	9.37
Vested (in USD per share)	8.67	0
Forfeited (in USD per share)	8.61	7.91
Non-vested, ending balance (in USD per share)	$ 9.89	$ 8.80

Stock-Based Compensation - Su_3

Stock-Based Compensation - Summary of Impact to Consolidated and Combined Statement of Operations from Company's Incentive Awards (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 23	$ 14	$ 11
Future income tax benefits recognized	3	2	1
RSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	11	9	6
PSUs
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation expense	$ 12	$ 5	$ 5

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Basic earnings per share:
Net income	$ 100	$ 52	$ 64	$ 66	$ 52	$ 57	$ 71	$ 81	$ 282	$ 261	$ 390
Less: preferred stock dividend									0	(80)	(157)
Less: preferred stock deemed dividends									0	(232)	0
Net income (loss) available for distribution	$ 100	$ 52	$ 64	$ 66	$ 52	$ 57	$ (201)	$ 41	282	(51)	233
Less: earnings allocated to participating securities									0	0	(184)
Net income (loss) available to common shareholders									$ 282	$ (51)	$ 49
Weighted average common shares outstanding, basic (in shares)									222,316,484	166,595,397	64,708,635
Earnings (Loss) per share, basic (in USD per share)	$ 0.47	$ 0.24	$ 0.29	$ 0.28	$ 0.22	$ 0.23	$ (1.88)	$ 0.13	$ 1.27	$ (0.31)	$ 0.75
Diluted earnings per share:
Weighted average common shares outstanding, basic (in shares)									222,316,484	166,595,397	64,708,635
Dilutive effect of unvested RSUs and other contingently issuable shares (in shares)									1,804,672	0	367,357
Weighted average common shares outstanding, diluted (in shares)									224,121,156	166,595,397	65,075,992
Earnings (Loss) per share, diluted (in USD per share)	$ 0.47	$ 0.24	$ 0.28	$ 0.28	$ 0.22	$ 0.23	$ (1.88)	$ 0.13	$ 1.26	$ (0.31)	$ 0.75

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Details)	12 Months Ended
	Dec. 31, 2023 shares
Earnings Per Share [Abstract]
Antidilutive shares excluded from computation of diluted EPS (in shares)	1,490,117

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	Dec. 31, 2024 USD ($)
Brazilian Tax Authorities
Loss Contingencies [Line Items]
Estimated amount of contingency including penalties and interest	$ 21

Commitments and Contingencies_2

Commitments and Contingencies - Summary Information Concerning our Recorded Obligations for Product Warranties and Product Performance Guarantees (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Movement in Standard Product Warranty Accrual [Roll Forward]
Beginning of year	$ 27	$ 28
Accruals for warranties/guarantees issued during the year	10	13
Settlement of warranty/guarantee claims	(13)	(14)
Foreign currency translation	(1)	0
End of year	$ 23	$ 27

Defined Benefit Pension Plans -

Defined Benefit Pension Plans - Summary of Balance Sheet Impact, Including Benefit Obligations, Assets and Funded Status Associated with Significant Pension Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Amounts recognized in Consolidated Balance Sheet consist of:
Non-current assets	$ 23	$ 11
Pension Benefits | U.S. Plans
Change in benefit obligation:
Benefit obligation at beginning of the year	171	168
Service cost	0	0	$ 1
Interest cost	8	8	5
Actuarial (gains) losses	(10)	5
Benefits paid and employee contributions	(10)	(10)
Settlements and curtailments	0	0
Foreign currency translation	0	0
Other	0	0
Benefit obligation at end of the year	159	171	168
Change in plan assets:
Fair value of plan assets at beginning of the year	173	169
Actual return on plan assets	1	14
Employer contributions	0	0
Benefits paid and employee contributions	(10)	(10)
Settlements and curtailments	0	0
Foreign currency translation	0	0
Other	0	0
Fair value of plan assets at end of year	164	173	169
Funded status of plans	5	2
Amounts recognized in Consolidated Balance Sheet consist of:
Non-current assets	5	2
Non-current liabilities	0	0
Net amount recognized	5	2
Pension Benefits | Non-U.S. Plans
Change in benefit obligation:
Benefit obligation at beginning of the year	186	167
Service cost	7	6	7
Interest cost	4	5	2
Actuarial (gains) losses	(1)	7
Benefits paid and employee contributions	0	2
Settlements and curtailments	(12)	(16)
Foreign currency translation	(12)	11
Other	8	4
Benefit obligation at end of the year	180	186	167
Change in plan assets:
Fair value of plan assets at beginning of the year	175	152
Actual return on plan assets	16	16
Employer contributions	5	7
Benefits paid and employee contributions	1	2
Settlements and curtailments	(11)	(16)
Foreign currency translation	(11)	10
Other	8	4
Fair value of plan assets at end of year	183	175	$ 152
Funded status of plans	3	(11)
Amounts recognized in Consolidated Balance Sheet consist of:
Non-current assets	18	9
Non-current liabilities	(15)	(20)
Net amount recognized	3	(11)
Pension Benefits | Switzerland
Amounts recognized in Consolidated Balance Sheet consist of:
Total lump sum benefit payments	11	16
Unrecognized loss recognized as pension settlement expense	$ 1	$ 1

Defined Benefit Pension Plans_2

Defined Benefit Pension Plans - Summary of Accumulated Other Comprehensive (Income) Loss Associated with Pension and Other Postretirement Benefit Plans (Details) - Pension Benefits - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Prior service (credit) cost	$ (7)	$ (7)
Net actuarial loss (gain)	(14)	(12)
Net amount recognized	(21)	(19)
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Prior service (credit) cost	0	0
Net actuarial loss (gain)	9	11
Net amount recognized	$ 9	$ 11

Defined Benefit Pension Plans_3

Defined Benefit Pension Plans - Summary of Net Periodic Benefit (Income) Cost and Other Amounts Recognized in Other Comprehensive (Income) Loss (Details) - Pension Benefits - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 7	$ 6	$ 7
Interest cost	4	5	2
Expected return on plan assets	(7)	(9)	(6)
Amortization of prior service (credit) cost	(1)	(1)	(1)
Recognition of actuarial (gains) losses	(8)	(1)	(27)
Settlements and curtailments	(1)	(1)	(1)
Net periodic benefit (income) cost	(6)	(1)	(26)
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Service cost	0	0	1
Interest cost	8	8	5
Expected return on plan assets	(8)	(8)	(9)
Amortization of prior service (credit) cost	0	0	0
Recognition of actuarial (gains) losses	0	0	0
Settlements and curtailments	0	0	0
Net periodic benefit (income) cost	$ 0	$ 0	$ (3)

Defined Benefit Pension Plans_4

Defined Benefit Pension Plans - Other Changes in Plan Assets and Benefits Obligations Recognized in Other Comprehensive (Income) Loss (Details) - Pension Benefits - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Non-U.S. Plans
Other Changes in Plan Assets and Benefits Obligations Recognized in Other Comprehensive (Income) Loss
Actuarial (gains) losses	$ (11)	$ 0	$ (33)
Prior service (credit) cost	(1)	0	0
Recognition of prior service credit (cost)	1	1	1
Recognition of actuarial gains (losses)	9	2	30
Foreign currency translation	1	(2)	0
Total recognized in other comprehensive (income) loss	(1)	1	(2)
Total recognized in net periodic benefit (income) cost and other comprehensive (income) loss	(7)	0	(28)
U.S. Plans
Other Changes in Plan Assets and Benefits Obligations Recognized in Other Comprehensive (Income) Loss
Actuarial (gains) losses	(3)	(1)	14
Prior service (credit) cost	0	0	0
Recognition of prior service credit (cost)	0	0	0
Recognition of actuarial gains (losses)	0	0	0
Foreign currency translation	0	0	0
Total recognized in other comprehensive (income) loss	(3)	(1)	14
Total recognized in net periodic benefit (income) cost and other comprehensive (income) loss	$ (3)	$ (1)	$ 11

Defined Benefit Pension Plans_5

Defined Benefit Pension Plans - Summary of Major Actuarial Assumptions Used in Determining Benefit Obligations and Net Periodic Benefit (Income) Cost (Details) - Pension Benefits	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Non-U.S. Plans
Actuarial assumptions used to determine benefit obligations as of December 31:
Discount rate	2.21%	2.36%	2.91%
Expected annual rate of compensation increase	2.11%	2.38%	4.93%
Interest credited to accounts	2.65%	2.65%	3%
Actuarial assumptions used to determine net periodic benefit (income) cost for years ended December 31:
Expected rate of return on plan assets	4.42%	4.94%	3.36%
Expected annual rate of compensation increase	2.38%	2.43%	1.99%
U.S. Plans
Actuarial assumptions used to determine benefit obligations as of December 31:
Discount rate	5.68%	5.02%	5.21%
Expected annual rate of compensation increase	3%	3%	4.98%
Interest credited to accounts	0%	0%	0%
Actuarial assumptions used to determine net periodic benefit (income) cost for years ended December 31:
Expected rate of return on plan assets	4.86%	4.98%	3.97%
Expected annual rate of compensation increase	3%	3%	3.20%
Benefit obligation | Non-U.S. Plans
Actuarial assumptions used to determine net periodic benefit (income) cost for years ended December 31:
Discount rate	2.36%	2.91%	0.80%
Benefit obligation | U.S. Plans
Actuarial assumptions used to determine net periodic benefit (income) cost for years ended December 31:
Discount rate	5.02%	5.21%	2.95%
Service cost | Non-U.S. Plans
Actuarial assumptions used to determine net periodic benefit (income) cost for years ended December 31:
Discount rate	2.36%	2.91%	0.82%
Service cost | U.S. Plans
Actuarial assumptions used to determine net periodic benefit (income) cost for years ended December 31:
Discount rate	5.05%	5.23%	3%
Interest cost | Non-U.S. Plans
Actuarial assumptions used to determine net periodic benefit (income) cost for years ended December 31:
Discount rate	2.35%	2.94%	0.73%
Interest cost | U.S. Plans
Actuarial assumptions used to determine net periodic benefit (income) cost for years ended December 31:
Discount rate	4.91%	5.09%	2.38%

Defined Benefit Pension Plans_6

Defined Benefit Pension Plans - Summary of Amounts Relate to Significant Pension Plans with Accumulated Benefit Obligations Exceeding Fair Value of plan Assets (Details) - Pension Benefits - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 85	$ 87
Accumulated benefit obligation	84	84
Fair value of plan assets	78	76
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	0	0
Accumulated benefit obligation	0	0
Fair value of plan assets	$ 0	$ 0

Defined Benefit Pension Plans_7

Defined Benefit Pension Plans - Additional Information (Details) - Pension Benefits $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
Pension contribution	$ 5
Expected pension contribution in the next fiscal year	$ 5
Fixed Income Investments
Defined Benefit Plan Disclosure [Line Items]
Target allocations percentage	91%
Equity securities
Defined Benefit Plan Disclosure [Line Items]
Target allocations percentage	8%
Real estate investments
Defined Benefit Plan Disclosure [Line Items]
Target allocations percentage	1%

Defined Benefit Pension Plans_8

Defined Benefit Pension Plans - Summary of Fair Values of Both U.S. and Non-U.S. Pension Plans Assets by Asset Category (Details) - Pension Benefits - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Non-U.S. Plans | Total assets at fair value
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	$ 183	$ 175
Non-U.S. Plans | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	6	7
Non-U.S. Plans | Money market funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	29	28
Non-U.S. Plans | Equity funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	49	56
Non-U.S. Plans | Government bond funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	6	20
Non-U.S. Plans | Corporate bond funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	13
Non-U.S. Plans | Real estate funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	19	17
Non-U.S. Plans | Diversified mutual funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	49	40
Non-U.S. Plans | Other
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	12	7
U.S. Plans | Total assets at fair value
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	164	173
U.S. Plans | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	3	3
U.S. Plans | Equity funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	12	7
U.S. Plans | Government bond funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	39	51
U.S. Plans | Corporate bond funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	93	103
U.S. Plans | Liability driven investment fund
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	13
U.S. Plans | Real estate funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	2	7
U.S. Plans | Other
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	2	2
Level 1 | Non-U.S. Plans | Total assets at fair value
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	35	35
Level 1 | Non-U.S. Plans | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	6	7
Level 1 | Non-U.S. Plans | Money market funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	29	28
Level 1 | Non-U.S. Plans | Equity funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 1 | Non-U.S. Plans | Government bond funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 1 | Non-U.S. Plans | Corporate bond funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0
Level 1 | Non-U.S. Plans | Real estate funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 1 | Non-U.S. Plans | Diversified mutual funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 1 | Non-U.S. Plans | Other
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 1 | U.S. Plans | Total assets at fair value
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	3	3
Level 1 | U.S. Plans | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	3	3
Level 1 | U.S. Plans | Equity funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 1 | U.S. Plans | Government bond funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 1 | U.S. Plans | Corporate bond funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 1 | U.S. Plans | Liability driven investment fund
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0
Level 1 | U.S. Plans | Real estate funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 1 | U.S. Plans | Other
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 2 | Non-U.S. Plans | Total assets at fair value
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	148	140
Level 2 | Non-U.S. Plans | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 2 | Non-U.S. Plans | Money market funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 2 | Non-U.S. Plans | Equity funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	49	56
Level 2 | Non-U.S. Plans | Government bond funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	6	20
Level 2 | Non-U.S. Plans | Corporate bond funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	13
Level 2 | Non-U.S. Plans | Real estate funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	19	17
Level 2 | Non-U.S. Plans | Diversified mutual funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	49	40
Level 2 | Non-U.S. Plans | Other
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	12	7
Level 2 | U.S. Plans | Total assets at fair value
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	161	170
Level 2 | U.S. Plans | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 2 | U.S. Plans | Equity funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	12	7
Level 2 | U.S. Plans | Government bond funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	39	51
Level 2 | U.S. Plans | Corporate bond funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	93	103
Level 2 | U.S. Plans | Liability driven investment fund
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	13
Level 2 | U.S. Plans | Real estate funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	2	7
Level 2 | U.S. Plans | Other
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	2	2
Level 3 | Non-U.S. Plans | Total assets at fair value
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 3 | Non-U.S. Plans | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 3 | Non-U.S. Plans | Money market funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 3 | Non-U.S. Plans | Equity funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 3 | Non-U.S. Plans | Government bond funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 3 | Non-U.S. Plans | Corporate bond funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0
Level 3 | Non-U.S. Plans | Real estate funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 3 | Non-U.S. Plans | Diversified mutual funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 3 | Non-U.S. Plans | Other
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 3 | U.S. Plans | Total assets at fair value
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 3 | U.S. Plans | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 3 | U.S. Plans | Equity funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 3 | U.S. Plans | Government bond funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 3 | U.S. Plans | Corporate bond funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 3 | U.S. Plans | Liability driven investment fund
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0
Level 3 | U.S. Plans | Real estate funds
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	0	0
Level 3 | U.S. Plans | Other
Defined Benefit Plan Disclosure [Line Items]
Total assets at fair value	$ 0	$ 0

Defined Benefit Pension Plans_9

Defined Benefit Pension Plans - Summary of Benefit Payments (Details) - Pension Benefits $ in Millions	Dec. 31, 2024 USD ($)
Non-U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
2025	$ 4
2026	5
2027	5
2028	6
2029	7
2030-2034	44
U.S. Plans
Defined Benefit Plan Disclosure [Line Items]
2025	12
2026	12
2027	12
2028	12
2029	12
2030-2034	$ 61

Segments and Concentrations - S

Segments and Concentrations - Summary of Net Sales by Region and Channel (Details) - Sales concentration - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Concentration Risk [Line Items]
Net sales	$ 3,475	$ 3,886	$ 3,603
Diesel
Concentration Risk [Line Items]
Net sales	827	992	949
Diesel
Concentration Risk [Line Items]
Net sales	1,505	1,720	1,485
Commercial Vehicle
Concentration Risk [Line Items]
Net sales	629	656	673
Aftermarket
Concentration Risk [Line Items]
Net sales	459	456	442
Other
Concentration Risk [Line Items]
Net sales	55	62	54
United States
Concentration Risk [Line Items]
Net sales	700	744	694
Europe
Concentration Risk [Line Items]
Net sales	1,642	1,874	1,734
China
Concentration Risk [Line Items]
Net sales	643	768	701
Rest of Asia
Concentration Risk [Line Items]
Net sales	413	433	401
Other International
Concentration Risk [Line Items]
Net sales	$ 77	$ 67	$ 73

Segments and Concentrations -_2

Segments and Concentrations - Summary of Net Sales to Largest Customer and Corresponding Percentage of Total Net Sales (Details) - Sales concentration - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Concentration Risk [Line Items]
Net sales	$ 3,475	$ 3,886	$ 3,603
Customer concentration
Concentration Risk [Line Items]
Net sales	$ 3,475	$ 3,886	$ 3,603
Net sales, percentage	100%	100%	100%
Customer concentration | Customer A
Concentration Risk [Line Items]
Net sales	$ 401	$ 474	$ 444
Net sales, percentage	12%	12%	12%
Customer concentration | Customer B
Concentration Risk [Line Items]
Net sales	$ 354	$ 364	$ 350
Net sales, percentage	10%	9%	10%
Customer concentration | Others
Concentration Risk [Line Items]
Net sales	$ 2,720	$ 3,048	$ 2,809
Net sales, percentage	78%	79%	78%

Segments and Concentrations -_3

Segments and Concentrations - Segment information (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Risks and Uncertainties [Abstract]
Net sales	$ 844	$ 826	$ 890	$ 915	$ 945	$ 960	$ 1,011	$ 970	$ 3,475	$ 3,886	$ 3,603
Material costs									2,022	2,323	2,142
Variable manufacturing costs									386	417	414
Fixed manufacturing costs									201	228	199
Research, development and engineering costs									161	163	165
Selling, general and administrative expenses									240	247	216
Interest expense									156	159	8
Income tax expense									61	86	106
Other segment items									(34)	2	(37)
Net income	$ 100	$ 52	$ 64	$ 66	$ 52	$ 57	$ 71	$ 81	$ 282	$ 261	$ 390

Segments and Concentrations -_4

Segments and Concentrations - Summary of Long Lived Assets by Region (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Concentration Risk [Line Items]
Property, plant and equipment	$ 449	$ 477
Long-lived assets concentration
Concentration Risk [Line Items]
Property, plant and equipment	449	477
Long-lived assets concentration | United States
Concentration Risk [Line Items]
Property, plant and equipment	18	19
Long-lived assets concentration | Slovakia
Concentration Risk [Line Items]
Property, plant and equipment	83	89
Long-lived assets concentration | Romania
Concentration Risk [Line Items]
Property, plant and equipment	43	46
Long-lived assets concentration | Rest of Europe
Concentration Risk [Line Items]
Property, plant and equipment	96	101
Long-lived assets concentration | China
Concentration Risk [Line Items]
Property, plant and equipment	110	117
Long-lived assets concentration | Rest of Asia
Concentration Risk [Line Items]
Property, plant and equipment	50	53
Long-lived assets concentration | Other International
Concentration Risk [Line Items]
Property, plant and equipment	$ 49	$ 52

Segments and Concentrations - A

Segments and Concentrations - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Risks and Uncertainties [Abstract]
Payments to acquire property, plant, and equipment	$ (91)	$ (83)	$ (91)
Depreciation	$ 90	$ 90	$ 84

Acquisitions and Divestitures (

Acquisitions and Divestitures (Details) $ in Millions		12 Months Ended			24 Months Ended
	Apr. 03, 2024 USD ($) installment	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Apr. 03, 2027 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity method investment, amount sold	$ 58
Proceeds from sale of equity investment	$ 46	$ 46	$ 0	$ 0
Number of installments | installment	2
Deferred payments, sale of equity method investments, first payment term	12 months
Deferred payments, sale of equity method investments, second payment term	36 months
Equity method investment, realized gain (loss) on disposal		27	$ 0	$ 0
Transaction costs on sale of assets		1
Reclassification out of Accumulated Other Comprehensive Income
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Equity method investment, realized gain (loss) on disposal		$ 5
Scenario Forecast
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of equity investment					$ 7

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent event - USD ($) $ in Millions	Jan. 31, 2025	Jan. 30, 2025
Subsequent Event [Line Items]
Payments of ordinary dividends, common stock	$ 12
Term Loan Facility | 2025 Dollar Term Loan Facility
Subsequent Event [Line Items]
Line of credit, maximum borrowing capacity		$ 692
Term Loan Facility | 2025 Dollar Term Loan Facility | Secured Overnight Financing Rate (SOFR)
Subsequent Event [Line Items]
Debt instrument applicable margin rate		2.25%
Term Loan Facility | 2025 Dollar Term Loan Facility | ABR Loans
Subsequent Event [Line Items]
Debt instrument applicable margin rate		1.25%
Revolving Credit Facility | New Revolving Facility | Line of Credit
Subsequent Event [Line Items]
Line of credit, maximum borrowing capacity		$ 630

Unaudited Quarterly Financial_3

Unaudited Quarterly Financial Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 844	$ 826	$ 890	$ 915	$ 945	$ 960	$ 1,011	$ 970	$ 3,475	$ 3,886	$ 3,603
Gross profit	182	166	185	172	189	176	202	189	705	756	683
Net income	100	52	64	66	52	57	71	81	282	261	390
Net income available for distribution	$ 100	$ 52	$ 64	$ 66	$ 52	$ 57	$ (201)	$ 41	$ 282	$ (51)	$ 233
Earnings (loss) per share - basic (in USD per share)	$ 0.47	$ 0.24	$ 0.29	$ 0.28	$ 0.22	$ 0.23	$ (1.88)	$ 0.13	$ 1.27	$ (0.31)	$ 0.75
Earnings (loss) per share - diluted (in USD per share)	$ 0.47	$ 0.24	$ 0.28	$ 0.28	$ 0.22	$ 0.23	$ (1.88)	$ 0.13	$ 1.26	$ (0.31)	$ 0.75

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Allowance for expected credit losses
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	$ 6	$ 9	$ 5
Additions Charged to Costs and Expenses	(1)	2	4
Deductions	(1)	(5)	0
Foreign Exchange Translation Adjustment	0	0	0
Balance at End of Period	4	6	9
Inventory reserves
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	41	31	29
Additions Charged to Costs and Expenses	4	13	7
Deductions	(2)	(4)	(3)
Foreign Exchange Translation Adjustment	(2)	1	(2)
Balance at End of Period	41	41	31
Tax valuation allowance
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	52	31	32
Additions Charged to Costs and Expenses	4	20	0
Deductions	(34)	(1)	(1)
Foreign Exchange Translation Adjustment	7	2	0
Balance at End of Period	$ 29	$ 52	$ 31