Magna International (MGA) 40-F 31 Mar 23 2022 FY Annual report (Canada) Financial data

Cover Page

Cover Page	12 Months Ended
	Dec. 31, 2022 shares
Document Information [Line Items]
Document Type	40-F
Document Registration Statement	false
Document Annual Report	true
Amendment Flag	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Registrant Name	Magna International Inc.
Entity Central Index Key	0000749098
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding	285,932,016
Title of 12(b) Security	Common Shares
No Trading Symbol Flag	true
Security Exchange Name	NYSE
Entity File Number	001-11444
Entity Incorporation, State or Country Code	A6
Entity Address, Address Line One	337 Magna Drive
Entity Address, State or Province	ON
Entity Address, City or Town	Aurora
Entity Address, Country	CA
Entity Address, Postal Zip Code	L4G 7K1
City Area Code	905
Local Phone Number	726-2462
Annual Information Form	true
Audited Annual Financial Statements	true
Auditor Name	Deloitte LLP
Auditor Firm ID	1208
Auditor Location	Toronto, Canada
Business Contact [Member]
Document Information [Line Items]
Contact Personnel Name	Corporation Service Company
Entity Address, Address Line One	19 West 44th Street
Entity Address, Address Line Two	Suite 200
Entity Address, State or Province	NY
Entity Address, City or Town	New York
Entity Address, Postal Zip Code	10036
City Area Code	212
Local Phone Number	299-5600

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Sales	$ 37,840	$ 36,242
Costs and expenses
Cost of goods sold	33,188	31,097
Depreciation and amortization	1,419	1,512
Selling, general and administrative	1,660	1,717
Interest expense, net	81	78
Equity income	(89)	(148)
Other expense, net	703	38
Income from operations before income taxes	878	1,948
Income taxes	237	395
Net income	641	1,553
Income attributable to non-controlling interests	(49)	(39)
Net income attributable to Magna International Inc.	$ 592	$ 1,514
Earnings per Common Share:
Basic	$ 2.04	$ 5.04
Diluted	$ 2.03	$ 5
Weighted average number of Common Shares outstanding during the year [in millions]:
Basic	290.4	300.6
Diluted	291.2	302.8

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 641	$ 1,553
Other comprehensive (loss) income, net of tax:
Net unrealized loss on translation of net investment in foreign operations	(531)	(178)
Net unrealized gain on cash flow hedges	1	34
Reclassification of net gain on cash flow hedges to net income	(20)	(52)
Reclassification of net loss on pensions to net income	6	9
Reclassification of loss on translation of net investment in foreign operations to income	203	0
Pension and post-retirement benefits	82	26
Other comprehensive loss	(259)	(161)
Comprehensive income	382	1,392
Comprehensive income attributable to non-controlling interests	(13)	(48)
Comprehensive income attributable to Magna International Inc.	$ 369	$ 1,344

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 1,234	$ 2,948
Accounts receivable	6,791	6,307
Inventories	4,180	3,969
Prepaid expenses and other	320	278
Total current assets	12,525	13,502
Investments	1,429	1,593
Fixed assets, net	8,173	8,293
Operating lease right-of-use assets	1,595	1,700
Goodwill	2,031	2,122
Intangible assets, net	452	493
Deferred tax assets	491	421
Other assets	1,093	962
Consolidated total assets	27,789	29,086
Current liabilities
Short-term borrowing	8	0
Accounts payable	6,999	6,465
Other accrued liabilities	2,118	2,156
Accrued salaries and wages	850	851
Income taxes payable	93	200
Long-term debt due within one year	654	455
Current portion of operating lease liabilities	276	274
Total current liability	10,998	10,401
Long-term debt	2,847	3,538
Operating lease liabilities	1,288	1,406
Long-term employee benefit liabilities	548	700
Other long-term liabilities	461	376
Deferred tax liabilities	312	440
Total liability	16,454	16,861
Shareholders' equity
Common Shares [issued: 2022 – 285,931,816; 2021 – 297,871,976]	3,299	3,403
Contributed surplus	111	102
Retained earnings	8,639	9,231
Accumulated other comprehensive loss	(1,114)	(900)
Stockholders equity attributable to Magna International Inc	10,935	11,836
Non-controlling interests	400	389
Total stockholder's equity	11,335	12,225
Total liability and stockholders' equity	$ 27,789	$ 29,086

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - shares	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock, shares issued	285,931,816	297,871,976

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
OPERATING ACTIVITIES
Net income	$ 641	$ 1,553
Items not involving current cash flows	1,776	1,576
Profit loss after adjustment of non cash items	2,417	3,129
Changes in operating assets and liabilities	(322)	(189)
Cash provided from operating activities	2,095	2,940
INVESTMENT ACTIVITIES
Fixed asset additions	(1,681)	(1,372)
Increase in investments, other assets and intangible assets	(455)	(403)
Increase in public and private equity investments	(29)	(68)
Business combinations	(3)	(13)
Proceeds on (funding for) disposal of facilities	6	(41)
Proceeds from dispositions	124	81
Increase in equity method investments		(517)
Settlement of long-term receivable from non-consolidated joint venture		50
Cash used for investing activities	(2,038)	(2,283)
FINANCING ACTIVITIES
Issues of debt	54	55
Increase (decrease) in short-term borrowings	11	(101)
Repayments of debt	(456)	(121)
Issue of Common Share on exercise of stock options	8	146
Tax withholdings on vesting of equity awards	(15)	(13)
Repurchase of Common Shares	(780)	(517)
Contributions to subsidiaries by non-controlling interests	5	8
Dividends paid to non-controlling interests	(46)	(49)
Dividends paid	(514)	(514)
Cash used for financing activities	(1,733)	(1,106)
Effect of exchange rate changes on cash, cash equivalents and restricted cash equivalents	(38)	23
Net decrease in cash and cash equivalents during the year	(1,714)	(426)
Cash, cash equivalents and restricted cash equivalents beginning of year	2,948	3,374
Cash and cash equivalents, end of year	$ 1,234	$ 2,948

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) shares in Millions, $ in Millions	Total	Common Shares [Member]	Contributed Surplus [Member]	Retained Earnings [Member]	AOCL [Member]	[1]	Noncontrolling Interest [Member]
Beginning Balance at Dec. 31, 2020	$ 11,720	$ 3,271	$ 128	$ 8,704	$ (733)		$ 350
Beginning Balance, shares at Dec. 31, 2020		300.5
Net income	1,553			1,514			39
Other comprehensive (loss) income	(161)				(170)		9
Shares issued on exercise of stock options	146	$ 175	(29)
Shares issued on exercise of stock options, shares		2.9
Contribution by non-controlling interests	8						8
Release of stock and stock units		$ 17	(17)
Release of stock and stock units, shares		0.4
Tax withholdings on vesting of equity awards	(13)	$ (2)		(11)
Tax withholdings on vesting of equity awards, shares		(0.1)
Repurchase and cancellation under normal course issuer bids [note 17]	(517)	$ (68)		(452)	3
Repurchase and cancellation under normal course issuer bids [note 17], shares		(6)
Stock-based compensation expense	20		20
Business combinations	32						32
Dividends paid to non-controlling interests	(49)						(49)
Dividends paid	(514)	$ 10		(524)
Dividends paid, shares		0.2
Ending Balance at Dec. 31, 2021	12,225	$ 3,403	102	9,231	(900)		389
Ending Balance, shares at Dec. 31, 2021		297.9
Net income	641			592			49
Other comprehensive (loss) income	(259)				(223)		(36)
Purchase of non-controlling interests	(8)						(8)
Shares issued on exercise of stock options	8	$ 9	(1)
Shares issued on exercise of stock options, shares		0.2
Contribution by non-controlling interests	5						5
Release of stock and stock units		$ 21	(21)
Release of stock and stock units, shares		0.5
Tax withholdings on vesting of equity awards	(15)	$ (2)		(13)
Tax withholdings on vesting of equity awards, shares		(0.2)
Repurchase and cancellation under normal course issuer bids [note 17]	(780)	$ (141)		(648)	9
Repurchase and cancellation under normal course issuer bids [note 17], shares		(12.6)
Stock-based compensation expense	31		31
Business combinations	47						47
Dividends paid to non-controlling interests	(46)						(46)
Dividends paid	(514)	$ 9		(523)
Dividends paid, shares		0.1
Ending Balance at Dec. 31, 2022	$ 11,335	$ 3,299	$ 111	$ 8,639	$ (1,114)		$ 400
Ending Balance, shares at Dec. 31, 2022		285.9
[1]AOCL is Accumulated Other Comprehensive Loss.

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of Stockholders' Equity [Abstract]
Dividends paid per share	$ 1.8	$ 1.72

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	1. SIGNIFICANT ACCOUNTING POLICIES Magna International Inc. [collectively “Magna” or the “Company”] is a global supplier in the automotive space. Our systems approach to design, engineering and manufacturing touches nearly every aspect of the vehicle, including body and chassis structures, exterior systems and modules, trim and engineered glass, active aerodynamics, energy storage systems, electrified and conventional powertrain technologies, powertrain subsystems and components, ADAS and automated driving, control modules, mechatronics, mirrors and overhead consoles, lighting, complete seats, seating structural products, seat foam and seat trim. We also have complete vehicle engineering and contract manufacturing expertise. The consolidated financial statements have been prepared in U.S. dollars following accounting principles generally accepted in the United States [“GAAP”]. Principles of consolidation The Consolidated Financial Statements include the accounts of Magna and its subsidiaries in which Magna has a controlling financial interest and is the primary beneficiary. The Company presents non-controlling Use of estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Foreign currency translation The Company operates globally, which gives rise to a risk that its earnings and cash flows may be adversely impacted by fluctuations in foreign exchange rates. Assets and liabilities of the Company’s operations having a functional currency other than the U.S. dollar are translated into U.S. dollars using the exchange rate in effect at year end, and revenues and expenses are translated at the average rate during the year. Exchange gains or losses on translation of the Company’s net investment in these operations are included in comprehensive income and are deferred in accumulated other comprehensive loss. Foreign exchange gains or losses on debt that was designated as a hedge of the Company’s net investment in these operations are also recorded in accumulated other comprehensive loss. Foreign exchange gains and losses on transactions occurring in a currency other than an operation’s functional currency are reflected in net income, except for gains and losses on foreign exchange contracts used to hedge specific future commitments in foreign currencies and on intercompany balances which are designated as long-term investments. In particular, the Company uses foreign exchange forward contracts for the sole purpose of hedging certain of the Company’s future committed foreign currency based outflows and inflows. Most of the Company’s foreign exchange contracts are subject to master netting arrangements that provide for the net settlement of contracts, by counterparty, in the event of default or termination. All derivative instruments, including foreign exchange contracts, are recorded on the consolidated balance sheet at fair value. The fair values of derivatives are recorded on a gross basis in prepaid expenses and other, other assets, other accrued liabilities or other long-term liabilities. To the extent that derivative instruments are designated and qualify as cash flow hedges, the changes in their fair values are recorded in other comprehensive income. Changes in the fair value of derivative instruments that do not qualify for hedge accounting are recognized immediately in net income based on the nature of the underlying transaction. Amounts accumulated in other comprehensive loss or income are reclassified to net income in the period in which the hedged item affects net income. If the Company’s foreign exchange forward contracts cease to be effective as hedges, for example if projected foreign cash inflows or outflows declined significantly, gains or losses pertaining to the portion of the hedging transactions in excess of projected foreign currency denominated cash flows would be recognized in net income at the time this condition was identified. Cash and cash equivalents Cash and cash equivalents include cash on account, demand deposits and short-term investments with remaining maturities of less than three months at acquisition. Inventories Production inventories and tooling inventories manufactured in-house first-in, first-out Investments The Company accounts for investments in companies over which it has the ability to exercise significant influence, but does not hold a controlling financial interest, under the equity method [“Equity method investments”]. The Company monitors its Equity method investments for indicators of other-than-temporary declines in value on an ongoing basis. If the Company determines that an other-than-temporary decline in value has occurred, it recognizes an impairment loss, which is measured as the difference between the book value and the fair value of the investment. Fair value is generally determined using an income approach based on discounted cash flows. The inputs utilized in the analyses are classified as Level 3 inputs within the fair value hierarchy as defined in ASC 820, “Fair Value Measurement” and primarily consist of expected investee revenue and costs, estimated production volumes and discount rates. The Company also has investments in private and publicly traded mobility and technology companies over which it does not have the ability to exercise significant influence. The Company has elected to use the measurement alternative, defined as cost, less impairments, adjusted by observable price changes to measure the private equity investments. The Company values its investments in publicly traded equity securities using the closing price on the measurement date, as reported on the stock exchange on which the securities are traded. Private equity investments are subject to impairment reviews which considers both qualitative and quantitative factors that may have a significant impact on the investee’s fair value. Upon determining that an impairment may exist, the security’s fair value is calculated using the best information available, which may include cash flow projections or other available market data and compared to its carrying value. An impairment is recognized immediately if the carrying value exceeds the fair value. Long-lived assets Fixed assets are recorded at historical cost. Depreciation is provided on a straight-line basis over the estimated useful lives of fixed assets at annual rates of 2 1 2 Finite-lived intangible assets, which have arisen principally through acquisitions, include customer relationship intangibles and patents and licences. These finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives which range from 4 to 15 years. The Company assesses fixed and finite-lived intangible assets for recoverability whenever indicators of impairment exist. If the carrying value of the asset exceeds the estimated undiscounted cash flows from the use of the asset, then an impairment loss is recognized to write the asset down to fair value. The fair value of fixed and finite-lived intangible assets is generally determined using estimated discounted future cash flows. Goodwill Goodwill represents the excess of the cost of an acquired enterprise over the fair value of the identifiable assets acquired and liabilities assumed less any subsequent write-downs for impairment. Goodwill is reviewed for impairment in the fourth quarter of each year, or more frequently if indicators of potential impairment exist. Goodwill impairment is assessed based on a comparison of the fair value of a reporting unit to the underlying carrying value of the reporting unit’s net assets, including goodwill. When the carrying amount of the reporting unit exceeds its fair value, an impairment is recognized based on that difference. The fair value of a reporting unit is determined using its estimated discounted future cash flows. Tooling and Pre-Production The Company incurs pre-production pre-production Pre-production The Company expenses all pre-production non-cancelable Warranty The Company has assurance warranties and records product warranty liabilities based on its individual customer agreements. Under most customer agreements, the Company only accounts for existing or probable claims on product default issues when amounts related to such issues are probable and reasonably estimable. However, for certain powertrain systems, electronics, and complete vehicle assembly contracts, the Company records an estimate of future warranty-related costs based on the terms of the specific customer agreements and/or the Company’s warranty experience. Product liability and recall provisions are established based on the Company’s best estimate of the amounts necessary to settle existing claims which typically take into account: the number of units that may be returned; the cost of the product being replaced; labour to remove and replace the defective part; and the customer’s administrative costs relating to the recall. Judgement is also required as to the ultimate negotiated sharing of the cost between the Company, the customer and, in some cases, a supplier to the Company. When a decision to recall a product has been made or is probable, the Company’s portion of the estimated cost of the recall is recorded as a charge to net income in that period. The Company monitors warranty activity on an ongoing basis and adjusts reserve balances when it is probable that future warranty costs will be different than those previously estimated. Income taxes The Company uses the liability method of tax allocation to account for income taxes. Under the liability method of tax allocation, deferred tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company assesses whether valuation allowances should be established or maintained against its deferred tax assets based on consideration of all available evidence using a “more-likely-than-not” pre-tax No deferred tax liability is recorded for taxes on undistributed earnings and translation adjustments of foreign subsidiaries if these items are considered to be reinvested for the foreseeable future. Taxes are recorded on such foreign undistributed earnings and translation adjustments when it becomes apparent that such earnings will be distributed in the foreseeable future and the Company will incur further tax on remittance. Recognition of uncertain tax positions is dependent on whether it is more-likely-than-not more-likely-than-not Leases The Company determines if an arrangement is a lease or contains a lease at inception. Leases with an initial term of 12 months or less are considered short-term and are not recorded on the balance sheet. The Company recognizes operating lease expense for these leases on a straight-line basis over the lease term. Operating lease right-of-use A majority of the Company’s leases for manufacturing facilities are subject to variable lease-related payments, such as escalation clauses based on consumer price index rates or other similar indices. Variable payments that are based on an index or a rate are included in the recognition of the Company’s ROU assets and lease liabilities using the index or rate at lease commencement. Subsequent changes to these lease payments due to rate or index updates are recorded as lease expense in the period incurred. The Company’s lease agreements generally exclude non-lease Employee future benefit plans The cost of providing benefits through defined benefit pensions, lump sum termination and long-term service payment arrangements, and post-retirement benefits other than pensions is actuarially determined and recognized in income using the projected benefit method pro-rated The funded status of the plans is measured as the difference between the fair value of the plan assets and the projected benefit obligation [“PBO”]. The aggregate of all overfunded plans is recorded in other assets, and the aggregate of all underfunded plans is recorded in long-term employee benefit liabilities. The portion of the amount by which the actuarial present value of benefits included in the PBO exceeds the fair value of plan assets, payable in the next twelve months, is reflected in other accrued liabilities. Revenue recognition The Company enters into contracts with its customers to provide production parts or assembled vehicles. Contracts do not commit the customer to a specified quantity of products; however, the Company is generally required to fulfill its customers’ purchasing requirements for the production life of the vehicle. Contracts do not typically become a performance obligation until the Company receives a purchase order and a customer release for a specific number of parts or assembled vehicles at a specified price. While long-term supply agreements may range from five Revenue is recognized at the point in time when control of the parts produced or assembled vehicles are transferred to the customer according to the terms of the contract. The amount of revenue recognized reflects the consideration that the Company expects to be entitled to in exchange for those products based on purchase orders and ongoing price adjustments [some of which is accounted for as variable consideration]. The Company uses the expected value method, taking into account historical data and the status of current negotiations, to estimate the amount to which it expects to be entitled. Significant changes to the Company’s estimates of variable consideration are not expected. The Company’s complete vehicle assembly contracts with customers are complex and often include promises to transfer multiple products and services, some of which may be implicitly contracted. For these arrangements, each good or service is evaluated to determine whether it represents a distinct performance obligation, and whether it should be characterized as revenue or reimbursement of costs incurred. The total transaction price is then allocated to the distinct performance obligations based on the expected cost plus a margin approach and amounts related to revenue are recognized as discussed above. The terms of the Company’s complete vehicle assembly contracts with customers differ with respect to the ownership of components related to the assembly process. Under contracts where we act as principal, purchased components in assembled vehicles are included in our inventory and cost of sales. These costs are reflected in the revenue recognized from the sale of the final assembled vehicle to the customer. Where a contract provides that the primary components are held on consignment by us, the revenue recognized reflects only the assembly fee. The Company also performs tooling and engineering activities for its customers that are not part of a long-term production arrangement. Tooling and engineering revenue is recognized at a point in time or over time depending, among other considerations, on whether the Company has an enforceable right to payment plus a reasonable profit, for performance completed to date. Over-time recognition utilizes costs incurred to date relative to total estimated costs at completion, to measure progress toward satisfying performance obligations. Revenue is recognized as control is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods and services. For the year ended December 31, 2022, total tooling and engineering sales were $731 million [2021 - $783 million]. The Company’s customers pay for products received in accordance with payment terms that are customary in the industry, typically 30 to 90 days. The Company’s contracts with its customers do not have significant financing components. Taxes assessed by a governmental authority that are both imposed on, and concurrent with, a specific revenue-producing transaction that are collected by the Company from a customer are excluded from revenue. Contract Assets and Liabilities The Company’s contract assets relate to the right to consideration for work completed but not yet billed and are included in Accounts Receivable. Amounts may not exceed their net realizable value. As at December 31, 2022, the Company’s unbilled accounts receivable balance was $571 million [2021 - $528 million]. Contract assets do not include the costs of obtaining or fulfilling a contract with a customer, as these amounts are generally expensed as incurred. Customer advances are recorded as deferred revenue [a contract liability]. As at December 31, 2022 the contract liability balance was $347 million [2021 - $273 million]. As performance obligations were satisfied during 2022, the Company recognized $130 million [2021 - $140 million] of previously recorded contract liabilities into revenue. Government assistance The Company makes periodic applications for financial assistance under available government assistance programs in the various jurisdictions that the Company operates. Grants relating to capital expenditures are reflected as a reduction of the cost of the related assets. Grants relating to current operating expenditures may be deferred and recognized in the consolidated statement of income over the period necessary to match them with the costs that they are intended to compensate and are presented as a reduction of the related expense. The Company also receives tax credits and tax super allowances, the benefits of which are recorded as a reduction of income tax expense. In addition, the Company receives loans which are recorded as liabilities in amounts equal to the cash received. When a government loan is issued to the Company at a below-market rate of interest, the loan is initially recorded at its net present value and accreted to its face value over the period of the loan. The benefit of the below-market rate of interest is accounted for similar to a government grant and is measured as the difference between the initial carrying value of the loan Research and development Costs incurred in connection with research and development activities, to the extent not recoverable from the Company’s customers, are expensed as incurred. For the years ended December 31, 2022 and 2021, research and development costs charged to expense were $649 million and $634 million, respectively. Restructuring Restructuring costs may include employee termination benefits, as well as other costs resulting from restructuring actions. These actions may result in employees receiving voluntary or involuntary employee termination benefits, which are mainly pursuant to union or other contractual agreements or statutory requirements. Voluntary termination benefits are accrued when an employee accepts the related offer. Involuntary termination benefits are accrued upon the commitment to a termination plan and when liabilities are determined to be probable and estimable. Additional elements of severance and termination benefits associated with nonrecurring benefits may be recognized rateably over each employee’s required future service period. All other restructuring costs are expensed as incurred. Earnings per Common Share Basic earnings per Common Share are calculated on net income attributable to Magna International Inc. using the weighted average number of Common Shares outstanding during the year. Diluted earnings per Common Share are calculated on the weighted average number of Common Shares outstanding, including an adjustment for stock options outstanding using the treasury stock method.

Other Expense, Net

Other Expense, Net	12 Months Ended
	Dec. 31, 2022
Other Income and Expenses [Abstract]
Other Expense, Net	2. OTHER EXPENSE, NET Other expense, net consists of significant items such as: impairment charges; restructuring costs generally related to significant plant closures or consolidations; net (gains) losses on investments; gains or losses on disposal of facilities or businesses; and other items not reflective of on-going 2022 2021 Impairments related to operations in Russia [a] $ 376 $ — Net losses on investments [b] 221 2 Loss on sale of business [c] 58 75 Restructuring and impairments [d] 48 101 Merger agreement termination fee [e] — (100 ) Gain on business combinations [f] — (40 ) Other expense, net $ 703 $ 38 [a] Impairments related to operations in Russia As at December 31, 2022, the Company’s operations in Russia remain substantially idled. In accordance with U.S. GAAP, as a result of the expected lack of future cashflows and the continuing uncertainties connected with the Russian economy, the Company recorded a $376 million [$361 million after tax] impairment charge related to its investment in Russia. This included net asset impairments of $173 million and a $203 million reserve against the related foreign currency translation losses that are included in accumulated other comprehensive loss. The net asset impairments consisted of $163 million and $10 million in our Body Exteriors & Structures segment and our Seating Systems segment, respectively. [b] Net losses (gains) on investments 2022 2021 Revaluation of public company warrants $ 173 $ (4 ) Revaluation of public and private equity investments 49 6 Net gain on sale of public equity investments (1 ) — Other expense, net 221 2 Tax effect (53 ) 7 Net loss attributable to Magna $ 168 $ 9 [c] Loss on sale of business During the fourth quarter of 2022, the Company entered into an agreement to sell a European Power & Vision operation in early 2023. Under the terms of the arrangement, the Company is contractually obligated to provide the buyer with up to $42 million of funding, resulting in a loss of $58 million [$57 million after tax]. During 2021, the Company sold three Body Exteriors & Structures operations in Germany. Under the terms of the arrangement, the Company provided the buyer with $41 million of funding, resulting in a loss on disposal of $75 million [$75 million after tax]. [d] Restructuring and impairments For the year ended December 31, 2022, the Company recorded restructuring and impairment charges of $26 million [$25 million after tax] for its Power & Vision segment and $22 million [$21 million after tax] for its Body Exteriors & Structures segment. For the year ended December 31, 2021, the Company recorded restructuring and impairment charges of $67 million [$52 million after tax] for its Power & Vision segment, $18 million [$17 million after tax] for its Seating Systems segment and $16 million [$14 million after tax] for its Body Exteriors & Structures segment. [e] Merger agreement termination fee In the fourth quarter of 2021, Veoneer, Inc. [“Veoneer”] terminated its merger agreement with the Company. In connection with the termination of the merger agreement, Veoneer paid Magna a termination fee which, net of the Company’s associated transaction costs, amounted to $100 million [$75 million after tax]. [f] Gain on business combinations During 2021, the Company acquired a 65% equity interest and a controlling financial interest in Chongqing Hongli Zhixin Scientific Technology Development Group LLC (“Hongli”). The acquisition included an additional 15% equity interest in two entities that were previously equity accounted for by the Company. On the change in basis of accounting, the Company recognized a $22 million gain [$22 million after tax]. Also during 2021, the Company recorded a gain of $18 million [$18 million after tax] in connection with the distribution of substantially all of the assets of the Company’s European joint venture, Getrag Ford Transmission GmbH .

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	3. EARNINGS PER SHARE Earnings per share are computed as follows: 2022 2021 Basic earnings per Common Share: Net income attributable to Magna International Inc. $ 592 $ 1,514 Weighted average number of Common Shares outstanding during the year 290.4 300.6 Basic earnings per Common Share $ 2.04 $ 5.04 Diluted earnings per Common Share [a]: Net income attributable to Magna International Inc. $ 592 $ 1,514 Weighted average number of Common Shares outstanding during the year 290.4 300.6 Stock options and restricted stock 0.8 2.2 291.2 302.8 Diluted earnings per Common Share $ 2.03 $ 5.00 [a] Diluted earnings per Common Share exclude 1.3 million [2021 – 0.4 million] Common Shares issuable under the Company’s Incentive Stock Option Plan because these options were not “in-the-money”. two-class

Details of Cash From Operating

Details of Cash From Operating Activities	12 Months Ended
	Dec. 31, 2022
Supplemental Cash Flow Elements [Abstract]
Details of Cash From Operating Activities	4. DETAILS OF CASH FROM OPERATING ACTIVITIES [a] Cash and cash equivalents consist of: 2022 2021 Bank term deposits and bankers’ acceptances $ 720 $ 1,984 Cash 514 964 $1,234 $ 2,948 [b] Items not involving current cash flows: 2022 2021 Depreciation and amortization $ 1,419 $ 1,512 Amortization of other assets included in cost of goods sold 169 255 Deferred revenue amortization (201 ) (188 ) Other non-cash 21 25 Deferred tax recovery (202 ) (76 ) Equity income (in excess of) less than dividends received (24 ) 11 Non-cash [note 2] 221 37 Impairment charges 373 — $ 1,776 $ 1,576 [c] Changes in operating assets and liabilities: 2022 2021 Accounts receivable $ (798 ) $ 114 Inventories (448 ) (653 ) Prepaid expenses and other (43 ) (39 ) Accounts payable 812 160 Accrued salaries and wages 20 58 Other accrued liabilities 250 48 Income taxes (receivable) payable (115 ) 123 $ (322 ) $ (189 )

Inventories

Inventories	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventories	5. INVENTORIES Inventories consist of: 2022 2021 Raw materials and supplies $ 1,640 $ 1,598 Work-in-process 427 400 Finished goods 537 506 Tooling and engineering 1,576 1,465 $ 4,180 $ 3,969 Tooling and engineering inventory represents costs incurred on tooling and engineering services contracts in excess of billed and unbilled amounts included in accounts receivable.

Investments

Investments	12 Months Ended
	Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract]
Investments	6. INVESTMENTS 2022 2021 Equity method investments [a] $ 997 $ 1,031 Public and private equity investments 290 358 Warrants [b] 142 204 $ 1,429 $ 1,593 [a] The ownership percentages and carrying values of the Company’s principal equity method investments at December 31 were as follows [in millions, except percentages]: 2022 2021 LG Magna e-Powertrain [i] 49.0 % $ 420 $ 481 Litens Automotive Partnership [ii] 76.7 % $ 337 $ 291 Hubei HAPM Magna Seating Systems Co., Ltd. 49.9 % $ 120 $ 127 [i] LG Magna e-Powertrain [ii] The Company accounts for its investments under the equity method of accounting as a result of significant participating rights that prevent control. [b] In October 2020, the Company signed agreements with Fisker Inc. [“Fisker”] for the platform sharing, engineering and manufacturing of the Fisker Ocean SUV. In connection with the arrangement, Fisker issued approximately 19.5 million penny warrants to the Company to purchase common stock, which vest based on specified milestones. During 2021, two third of the warrants vested with a value of $201 million and during the fourth quarter of 2022, the remaining one third of the warrants vested with a value of $119 million. The initial value attributable to the warrants was deferred within other accrued liabilities and other long-term liabilities and is being recognized in income as performance obligations are satisfied. The Company recorded an unrealized loss of $173 million for the year ended December 31, 2022 related to the revaluation of the vested warrants [ note 2 A summary of the total financial results, as reported by the Company’s equity method investees, in the aggregate, at December 31 was as follows: Summarized Balance Sheets 2022 2021 Current assets $ 2,266 $ 1,825 Non-current $ 1,866 $ 1,838 Current liabilities $ 1,555 $ 1,269 Long-term liabilities $ 715 $ 450 Summarized Income Statements 2022 2021 Sales $ 4,447 $ 3,303 Cost of goods sold & expenses 4,363 3,156 Net income $ 84 $ 147 Sales to equity method investees were approximately $51 million and $65 million for the years ended December 31, 2022 and 2021, respectively.

Fixed Assets

Fixed Assets	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Fixed Assets	7. FIXED ASSETS Fixed assets consist of: 2022 2021 Cost Land $ 181 $ 198 Buildings 2,740 2,719 Machinery and equipment 17,258 17,355 20,179 20,272 Accumulated depreciation Buildings (1,310 ) (1,223 ) Machinery and equipment (10,696 ) (10,756 ) $ 8,173 $ 8,293 Included in the cost of fixed assets are construction in progress expenditures of $1.5 billion [2021 - $1.0 billion] been

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	8. GOODWILL The following is a continuity of the Company’s goodwill by segment: Body Exteriors Power Seating Complete Corporate Total Balance, December 31, 2020 478 1,320 176 121 — 2,095 Acquisitions — 29 93 — — 122 Foreign exchange and other (7 ) (80 ) 1 (9 ) — (95 ) Balance, December 31, 2021 471 1,269 270 112 — 2,122 Acquisitions — — — — 20 20 Foreign exchange and other (23 ) (71 ) (10 ) (7 ) — (111 ) Balance, December 31, 2022 $ 448 $ 1,198 $ 260 $ 105 $ 20 $ 2,031

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	9. INCOME TAXES [a] The provision for income taxes differs from the expense that would be obtained by applying the Canadian statutory income tax rate as a result of the following: 2022 2021 Canadian statutory income tax rate 26.5 % 26.5 % Net effect of losses not benefited 7.7 1.8 Tax on repatriation of foreign earnings 5.3 2.9 Impairment of investments [note 2] 1.0 — Foreign rate differentials 0.6 (3.9 ) Reserve for uncertain tax positions 0.4 (2.5 ) Foreign exchange re-measurement (0.6 ) 1.2 Re-measurement (0.8 ) 1.5 Earnings of equity accounted investees (1.6 ) (1.3 ) Valuation allowance on deferred tax assets (2.2 ) (0.7 ) Deductible inflationary adjustments (3.3 ) (1.2 ) Research and development tax credits (7.1 ) (3.4 ) Others 1.1 (0.6 ) Effective income tax rate 27.0 % 20.3 % [i] Includes foreign exchange gains reported on U.S. dollar denominated assets for Mexican tax purposes that are not recognized for GAAP purposes and losses related to the re-measurement [ii] Includes the re-measurement [b] The details of income before income taxes by jurisdiction are as follows: 2022 2021 Canadian $ (57 ) $ 220 Foreign 935 1,728 $ 878 $ 1,948 [c] The details of the income tax provision are as follows: 2022 2021 Current Canadian $ 5 $ 63 Foreign 452 408 457 471 Deferred Canadian (25 ) (4 ) Foreign (195 ) (72 ) (220 ) (76 ) $ 237 $ 395 [d] Deferred income taxes have been provided on temporary differences, which consist of the following: 2022 2021 Liabilities currently not deductible for tax $ 17 $ 5 Net tax losses benefited 10 (22 ) Re-measurement (7 ) 28 Change in valuation allowance on deferred tax assets (19 ) (13 ) Tax depreciation (less than) in excess of book depreciation (21 ) (30 ) Tax on undistributed foreign earnings (34 ) 43 Unrealized (loss) gain on remeasurement of investments (48 ) 3 Book amortization in excess of tax amortization (89 ) (58 ) Others (29 ) (32 ) $ (220 ) $ (76 ) [e] Deferred tax assets and liabilities consist of the following temporary differences: 2022 2021 Assets Tax benefit of loss carryforwards $ 760 $ 766 Operating lease liabilities 367 409 Liabilities currently not deductible for tax 269 219 Tax credit carryforwards 87 84 Other assets tax value in excess of book values 87 — Unrealized loss on foreign exchange hedges and retirement liabilities 70 59 Unrealized losses on remeasurement of investments 37 — Others 29 30 1,706 1,567 Valuation allowance against tax benefit of loss carryforwards (579 ) (586 ) Other valuation allowance (198 ) (125 ) $ 929 $ 856 Liabilities Operating lease right-of-use 372 415 Tax depreciation in excess of book depreciation 186 228 Tax on undistributed foreign earnings 171 206 Unrealized gain on foreign exchange hedges and retirement liabilities 21 11 Unrealized gain on remeasurement of investments — 12 Other assets book value in excess of tax values — 3 750 875 Net deferred tax assets (liabilities) $ 179 $ (19 ) The net deferred tax liabilities are presented on the consolidated balance sheet in the following categories: 2022 2021 Long-term deferred tax assets $ 491 $ 421 Long-term deferred tax liabilities (312 ) (440 ) $ 179 $ (19 ) [f] Deferred income taxes have not been provided on $4.6 billion of undistributed earnings of certain foreign subsidiaries, as the Company has concluded that such earnings should not give rise to additional tax liabilities upon repatriation or are indefinitely reinvested. A determination of the amount of the unrecognized tax liability relating to the remittance of such undistributed earnings is not practicable. [g] Income taxes paid in cash [net of refunds] were $560 million for the year ended December 31, 2022 [2021 - $341 million]. [h] As of December 31, 2022, the Company had domestic and foreign operating loss carryforwards of $2.9 billion and tax credit carryforwards of $87 million. Approximately $1.9 billion of the operating losses can be carried forward indefinitely. The remaining operating losses and tax credit carryforwards expire between 2023 and 2042. [i] As at December 31, 2022 and 2021, the Company’s gross unrecognized tax benefits were $142 million, respectively [excluding interest and penalties], of which $ 135 126 2022 2021 Balance, beginning of year $ 142 $ 182 Increase based on tax positions related to current year 52 11 (Decrease) Increase based on tax positions of prior years (17 ) 2 Settlements (10 ) (5 ) Foreign currency translation (4 ) (5 ) Statute expirations (21 ) (43 ) $ 142 $ 142 As at December 31, 2022 and 2021, the Company had recorded interest and penalties on the unrecognized tax benefits of $29 million and $26 million, respectively, which reflects an increase of $3 million and a decrease of $17 million in expenses related to changes in its reserves for interest and penalties in 2022 and 2021, respectively. The Company operates in multiple jurisdictions, and its tax returns are periodically audited or subject to review by both domestic and foreign tax authorities. During the next twelve months, it is reasonably possible that, as a result of audit settlements, the conclusion of current examinations, or the expiration of the statute of limitations in several jurisdictions, the Company may decrease the amount of its gross unrecognized tax benefits [including interest and penalties] by approximately $24 million, which, if recognized, would affect its effective tax rate. The Company considers its significant tax jurisdictions to include Canada, the United States, Austria, Germany, Mexico and China. With few exceptions, the Company remains subject to income tax examination in Germany for years after 2011, China and Mexico for years after 2016, Canada for years after 2017, and Austria and U.S. federal jurisdictio n for y

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	10. INTA N Intangible assets consist of: Remaining 2022 2021 Cost Customer relationship intangibles 7 $ 388 $ 386 Computer software 4 474 463 Patents and licenses 7 304 314 1,166 1,163 Accumulated depreciation Customer relationship intangibles (194 ) (175 ) Computer software (362 ) (360 ) Patents and licenses (158 ) (135 ) $ 452 $ 493 The Company recorded $106 million and $114 million of amortization expense related to finite-lived intangible assets for the years ended December 31, 2022 and 2021, respectively. The Company currently estimates annual amortization expense to be $91 million for 2023, $77 million for 2024, $57 million for 2025, $50 million for 2026 and $43 million for 2027.

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets	11. OTHER ASSETS Other assets consist of: 2022 2021 Preproduction costs related to long-term supply agreements $ 679 $ 668 Long-term receivables 262 184 Unrealized gain on cash flow hedges [note 19] 26 11 Pension overfunded status [note 15[a]] 41 41 Other 85 58 $ 1,093 $ 962

Warranty

Warranty	12 Months Ended
	Dec. 31, 2022
Guarantees and Product Warranties [Abstract]
Warranty	12. WARRANTY The following is a continuity of the Company’s warranty accruals: 2022 2021 Balance, beginning of year $ 247 $ 284 Expense, net 101 82 Settlements (77 ) (111 ) Business combination — 2 Foreign exchange and other (14 ) (10 ) $ 257 $ 247

Debt

Debt	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt	13. DEBT Short-term borrowings [a] Credit Facilities During 2022, the Company amended its 364-day [b] Commercial Paper Program The Company has a U.S. commercial paper program [the “U.S. Program”] and a euro-commercial paper program [the “euro-Program”]. Under the U.S. Program, the Company may issue U.S. commercial paper notes up to a maximum aggregate amount of U.S. $1 billion. Under the euro-Program, the Company may issue euro-commercial paper notes [the “euro notes”] up to a maximum aggregate amount of €500 million or its equivalent in alternative currencies. The U.S. Program and the euro notes are guaranteed by the Company’s existing global credit facility. There were no amounts outstanding as at December 31, 2022 and 2021. Long-term borrowings [a] The Company’s long-term debt, net of unamortized issuance costs, is substantially uncollateralized and consists of the following: 2022 2021 Senior Notes [note 13 [c]] Cdn$425 million Senior Notes due 2022 at 3.100% $ — $ 336 €550 million Senior Notes due 2023 at 1.900% 588 625 $750 million Senior Notes due 2024 at 3.625% 749 748 $650 million Senior Notes due 2025 at 4.150% 647 647 €600 million Senior Notes due 2027 at 1.500% 640 681 $750 million Senior Notes due 2030 at 2.450% 744 742 Bank term debt at a weighted average interest rate of approximately 3.98% [2021 – 4.86%], denominated primarily in Chinese renminbi, Brazilian real, euro and Indian rupee 114 187 Government loans at a weighted average interest rate of approximately 0.12% [2021 – 0.13%], denominated primarily in euro, Canadian dollar and Brazilian real 8 8 Other 11 19 3,501 3,993 Less due within one year 654 455 $ 2,847 $ 3,538 [b] Future principal repayments on long-term debt are estimated to be as follows: 2023 $ 655 2024 762 2025 694 2026 3 2027 643 Thereafter 756 $ 3,513 [c] All of the Senior Notes pay a fixed rate of interest semi-annually except for the €550 million and €600 million Senior Notes which pay a fixed rate of interest annually. The Senior Notes are unsecured obligations and do not include any financial covenants. The Company may redeem the Senior Notes in whole or in part at any time, at specified redemption prices determined in accordance with the terms of each of the respective indentures governing the Senior Notes. All of the Senior Notes were issued for general corporate purposes. [d] On May 18, 2022, the Company amended its $2.75 billion revolving credit facility, including a decrease to the size of the facility to $2.7 billion and an extension of the maturity date from June 24, 2026 to June 24, 2027 [e] Interest expense, net includes: 2022 2021 Interest expense Current $ 25 $ 12 Long-term 101 110 126 122 Interest income (45 ) (44 ) Interest expense, net $ 81 $ 78 [f] Interest paid in cash was $128 million

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases	14. LEASES The Company has entered into leases primarily for real estate, manufacturing equipment and vehicles with terms that range from 1 year to 10 years, excluding land use rights which generally extend over 90 years. These leases often include options to extend the term of the lease, most often for a period of 5 years. When it is reasonably certain that the option will be exercised, the impact of the option is included in the lease term for purposes of determining total future lease payments. Costs associated with the Company’s operating lease expense were as follows: 2022 2021 Operating lease expense $ 344 $ 325 Short-term lease expense 25 16 Variable lease expense 26 26 Total lease expense $ 395 $ 367 Supplemental information related to the Company’s operating leases was as follows: 2022 2021 Operating cash flows – cash paid $ 375 $ 373 New right-of-use $ 167 $ 91 Weighted-average remaining lease term 8 years 9 years Weighted-average discount rate 4.7 % 4.5 % At December 31, 2022, the Company had commitments under operating leases requiring annual payments as follows: 2022 2021 2023 $ 310 $ 300 2024 274 268 2025 240 234 2026 196 205 2027 175 176 2028 and thereafter 701 835 1,896 2,018 Less: amount representing interest 332 338 Total lease liabilities $ 1,564 $ 1,680 Current operating liabilities $ 276 $ 274 Non-current 1,288 1,406 Total lease liabilities $ 1,564 $ 1,680 As of December 31, 2022, the Company had additional operating leases, primarily for manufacturing facilities, that had not yet commenced with aggregate payments of $71 million. These operating leases will commence during 2023 and have lease terms of 1 to 15 years. The Company’s finance leases were not material for any of the periods presented.

Long-Term Employee Benefit Liab

Long-Term Employee Benefit Liabilities	12 Months Ended
	Dec. 31, 2022
Postemployment Benefits [Abstract]
Long-Term Employee Benefit Liabilities	15. LONG-TERM EMPLOYEE BENEFIT LIABILITIES Long-term employee benefit liabilities consist of: 2022 2021 Defined benefit pension plans and other [a] $ 146 $ 196 Termination and long-term service arrangements [b] 369 456 Retirement medical benefits plans [c] 20 26 Other long-term employee benefits 13 22 Long-term employee benefit obligations $ 548 $ 700 [a] Defined benefit pension plans The Company sponsors a number of defined benefit pension plans and similar arrangements for its employees. All pension plans are funded to at least the minimum legal funding requirements, while European defined benefit pension plans are unfunded. The weighted average significant actuarial assumptions adopted in measuring the Company’s obligations and costs are as follows: 2022 2021 Projected benefit obligation Discount rate 4.8 % 2.4 % Rate of compensation increase 3.6 % 2.7 % Net periodic benefit cost Discount rate 2.8 % 2.3 % Rate of compensation increase 2.9 % 2.6 % Expected return on plan assets 4.6 % 4.1 % Information about the Company’s defined benefit pension plans is as follows: 2022 2021 Projected benefit obligation Beginning of year $ 689 $ 731 Current service cost 9 10 Interest cost 14 12 Actuarial gains and changes in actuarial assumptions (155 ) (37 ) Benefits paid (31 ) (27 ) Divestiture — 11 Foreign exchange (28 ) (11 ) End of year 498 689 Plan assets at fair value [i] Beginning of year 532 517 Return on plan assets (107 ) 25 Employer contributions 11 12 Benefits paid (27 ) (23 ) Foreign exchange (18 ) 1 End of year 391 532 Ending funded status – Plan deficit $ 107 $ 157 Amounts recorded in the consolidated balance sheet Non-current [note 11] $ (41 ) $ (41 ) Current liability 2 2 Non-current 146 196 Net amount $ 107 $ 157 Amounts recorded in accumulated other comprehensive income Unrecognized actuarial losses $ (86 ) $ (112 ) Net periodic benefit cost Current service cost $ 9 $ 10 Interest cost 14 12 Return on plan assets (23 ) (21 ) Actuarial losses 3 8 Net periodic benefit cost $ 3 $ 9 [i] The asset allocation of the Company’s defined benefit pension plans at December 31, 2022 and the target allocation range for 2023 is as follows: 2023 2022 Fixed income securities 60-85 % 68 % Equity securities 20-45 % 27 % Cash and cash equivalents 0-10 % 5 % 100 % 100 % Substantially all of the plan assets’ fair value has been determined using significant observable inputs [level 2] from indirect market prices on regulated financial exchanges. The expected rate of return on plan assets was determined by considering the Company’s current investment mix, the historic performance of these investment categories and expected future performance of these investment categories. [b] Termination and long-term service arrangements Pursuant to labour laws and national labour agreements in certain European countries and Mexico, the Company is obligated to provide lump sum termination payments to employees on retirement or involuntary termination, and long service payments contingent upon persons reaching a predefined number of years of service. The weighted average significant actuarial assumptions adopted in measuring the Company’s projected termination and long-term service benefit obligations and net periodic benefit cost are as follows: 2022 2021 Discount rate 4.8 % 2.4 % Rate of compensation increase 3.5 % 3.1 % Information about the Company’s termination and long-term service arrangements is as follows: 2022 2021 Projected benefit obligation Beginning of year $ 467 $ 478 Current service cost 13 23 Interest cost 11 9 Actuarial losses (gains) and changes in actuarial assumptions (67 ) 10 Benefits paid (18 ) (23 ) Foreign exchange (19 ) (30 ) Ending funded status – Plan deficit $ 387 $ 467 Amounts recorded in the consolidated balance sheet Current liability $ 18 $ 11 Non-current 369 456 Net amount $ 387 $ 467 Amounts recorded in accumulated other comprehensive income Unrecognized actuarial losses $ (38 ) $ (112 ) Net periodic benefit cost Current service cost $ 13 $ 23 Interest cost 11 9 Actuarial losses 7 4 Net periodic benefit cost $ 31 $ 36 [c] Retirement medical benefits plans The Company sponsors a number of retirement medical plans which were assumed on certain acquisitions in prior years. These plans are frozen to new employees and incur no current service costs. In addition, the Company sponsors a retirement medical benefits plan that was amended during 2009 such that substantially all employees retiring on or after August 1, 2009 no longer participate in the plan. The weighted average discount rates used in measuring the Company’s projected retirement medical benefit obligations and net periodic benefit cost are as follows: 2022 2021 Retirement medical benefit obligations 5.1 % 2.8 % Net periodic benefit cost 3.1 % 2.4 % Health care cost inflation 6.8 % 6.4 % Information about the Company’s retirement medical benefits plans are as follows: 2022 2021 Projected benefit obligation Beginning of year $ 27 $ 30 Interest cost 1 1 Actuarial gains and changes in actuarial assumptions (6 ) (3 ) Benefits paid (1 ) (1 ) Ending funded status – Plan deficit $ 21 $ 27 Amounts recorded in the consolidated balance sheet Current liability $ 1 $ 1 Non-current 20 26 Net amount $ 21 $ 27 Amounts recorded in accumulated other comprehensive income Unrecognized actuarial gains $ 17 $ 10 Net periodic benefit cost Interest cost $ 1 $ 1 Actuarial gains (1 ) (1 ) Net periodic benefit cost $ — $ — [d] Future benefit payments Defined Termination Retirement Total Expected employer contributions - 2023 $ 12 $ 17 $ 1 $ 30 Expected benefit payments: 2023 $ 25 $ 18 $ 1 $ 44 2024 26 15 1 42 2025 27 17 1 45 2026 28 21 1 50 2027 29 23 2 54 Thereafter 164 156 8 328 $ 299 $ 250 $ 14 $ 563

Other Long-Term Liabilities

Other Long-Term Liabilities	12 Months Ended
	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Other Long-Term Liabilities	16. OTHER LONG-TERM LIABILITIES Other long-term liabilities consist of: 2022 2021 Long-term portion of income taxes payable $ 136 $ 147 Long-term portion of deferred revenue 207 127 Asset retirement obligation 35 37 Long-term portion of fair value of hedges [note 19] 31 8 Other 52 57 $ 461 $ 376

Capital Stock

Capital Stock	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Capital Stock	17. CAPITAL STOCK [a] At December 31, 2022, the Company’s authorized, issued and outstanding capital stock are as follows: Preference shares - issuable in series - The Company’s authorized capital stock includes 99,760,000 preference shares, issuable in series. None of these shares are currently issued or outstanding. Common Shares - Common Shares without par value [unlimited amount authorized] have the following attributes: [i] Each share is entitled to one vote per share at all meetings of shareholders. [ii] Each share shall participate equally as to dividends. [b] On November 9, 2022, the Toronto Stock Exchange [“TSX”] accepted the Company’s Notice of Intention to make a Normal Course Issuer Bid relating to the purchase for cancellation, as well as purchases to fund the Company’s stock-based compensation awards or programs and/or the Company’s obligations to its deferred profit sharing plans, of up to 28.4 million Magna Common Shares [the “2022 Bid”], representing approximately 10% of the Company’s public float of Common Shares. The Bid commenced on November 15, 2022 and will terminate no later than November 14, 2023. Previously, the Company had Normal Course Issuer Bids in place for the 12 month periods beginning in November 2021 and 2020. The following is a summary of the Normal Course Issuer Bids [number of shares in the table below are expressed in whole numbers]: 2022 2021 Shares Cash Shares Cash 2020 Bid — $ — 3,318,523 $ 301 2021 Bid — — 2,673,800 216 2022 Bid 12,561,487 780 — — 12,561,487 $ 780 5,992,323 $ 517 [c] The following table presents the maximum number of shares that would be outstanding if all the dilutive instruments outstanding at February 26, 2023 were exercised or converted: Common Shares 286,072,036 Stock options [i] 5,798,933 291,870,969 [i] Options to purchase Common Shares are exercisable by the holder in accordance with the vesting provisions and upon payment of the exercise price as may be determined from time to time pursuant to the Company’s stock option plans.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Accumulated Other Comprehensive Loss	18. ACCUMULATED OTHER COMPREHENSIVE LOSS The following is a continuity schedule of accumulated other comprehensive loss [“AOCL”]: 2022 2021 Accumulated net unrealized loss on translation of net investment in foreign operations Balance, beginning of year $ (735 ) $ (551 ) Net unrealized loss (495 ) (187 ) Recognition of CTA loss in Russia 203 — Repurchase of shares under normal course issuer bids [note 17] 9 3 Balance, end of year (1,018 ) (735 ) Accumulated net unrealized gain on cash flow hedges [b] Balance, beginning of year 24 42 Net unrealized gains 1 34 Reclassification of net gain to net income [a] (20 ) (52 ) Balance, end of year 5 24 Accumulated net unrealized loss on other long-term liabilities [b] Balance, beginning of year (189 ) (224 ) Net unrealized gains 82 26 Reclassification of net loss to net income [a] 6 9 Balance, end of year (101 ) (189 ) Total accumulated other comprehensive loss [c] $ (1,114 ) $ (900 ) [a] The effects on net income of amounts reclassified from AOCL, with presentation location, were as follows: 2022 2021 Cash flow hedges Sales $ (15 ) $ 49 Cost of sales 41 21 Income tax (6 ) (18 ) Net of tax 20 52 Other long-term liabilities Cost of sales (8 ) (11 ) Income tax 2 2 Net of tax (6 ) (9 ) Total gain reclassified to net income $ 14 $ 43 [b] The amount of income tax benefit that has been allocated to each component of other comprehensive loss is as follows: 2022 2021 Accumulated net unrealized loss on translation of net investment in foreign operations $ 4 $ 4 Accumulated net unrealized gain on cash flow hedges Balance, beginning of year (8 ) (15 ) Net unrealized gain (loss) 2 (11 ) Reclassification of net loss to net income 6 18 Balance, end of year — (8 ) Accumulated net unrealized loss on other long-term liabilities Balance, beginning of year 25 35 Net unrealized loss (17 ) (8 ) Reclassification of net gain to net income (2 ) (2 ) Balance, end of year 6 25 Total income tax benefit $ 10 $ 21 [c] The amount of other comprehensive gain that is expected to be reclassified to net income during 2023 is $21 million.

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	19. FINANCIAL INSTRUMENTS [a] Foreign exchange contracts At December 31, 2022, the Company had outstanding foreign exchange forward contracts representing commitments to buy and sell various foreign currencies. Significant commitments are as follows: For Canadian dollars For U.S. dollars For euros Buy (Sell) U.S. Weighted Peso Weighted U.S Weighted Czech Weighted 2023 22 1.284 7,822 0.044 77 0.855 3,664 0.038 2023 (711 ) 0.778 (8 ) 23.518 (127 ) 1.130 — — 2024 18 1.313 4,104 0.043 23 0.870 1,641 0.037 2024 (397 ) 0.779 — — (40 ) 1.141 — — 2025 4 1 320 0.045 1 0.941 — — 2025 (234 ) 0.780 — — (16 ) 1.076 — — 2026 — — — — — — — — 2026 (72 ) 0.782 — — — — — — (1,370 ) 12,238 (82 ) 5,305 Based on forward foreign exchange rates as at December 31, 2022 for contracts with similar remaining terms to maturity, the pre-tax [note 18] The Company does not enter into foreign exchange forward contracts for speculative purposes. [b] Financial assets and liabilities The Company’s financial assets and liabilities consist of the following: 2022 2021 Financial assets Cash and cash equivalents $ 1,234 $ 2,948 Accounts receivable 6,791 6,307 Warrants and public and private equity investments 432 562 Long-term receivables included in other assets [note 11] 262 184 $ 8,719 $ 10,001 Financial liabilities Bank Indebtedness $ 8 $ — Long-term debt (including portion due within one year) 3,501 3,993 Accounts payable 6,999 6,465 $ 10,508 $ 10,458 Derivatives designated as effective hedges, measured at fair value Foreign currency contracts Prepaid expenses $ 65 $ 34 Other assets 26 11 Other accrued liabilities (43 ) (12 ) Other long-term liabilities (31 ) (8 ) $ 17 $ 25 [c] Derivatives designated as effective hedges, measured at fair value The Company presents derivatives that are designated as effective hedges at gross fair values in the consolidated balance sheets. However, master netting and other similar arrangements allow net settlements under certain conditions. The following table shows the Company’s derivative foreign currency contracts at gross fair value as reflected in the consolidated balance sheets and the unrecognized impacts of master netting arrangements: Gross amounts in consolidated Gross amounts not offset in consolidated Net December 31, 2022 Assets $ 91 $ 42 $ 49 Liabilities $ (74 ) $ (42 ) $ (32 ) December 31, 2021 Assets $ 45 $ 14 $ 31 Liabilities $ (20 ) $ (14 ) $ (6 ) [d] Fair value The Company determined the estimated fair values of its financial instruments based on valuation methodologies it believes are appropriate; however, considerable judgment is required to develop these estimates. Accordingly, these estimated fair values are not necessarily indicative of the amounts the Company could realize in a current market exchange. The estimated fair value amounts can be materially affected by the use of different assumptions or methodologies. The methods and assumptions used to estimate the fair value of financial instruments are described below: Cash and cash equivalents, accounts receivable, and accounts payable. Due to the short period to maturity of the instruments, the carrying values as presented in the consolidated balance sheets are reasonable estimates of fair values. Publicly traded and private equity securities The fair value of the Company’s investments in publicly traded equity securities is determined using the closing price on the measurement date, as reported on the stock exchange on which the securities are traded. [Level 1 input based on the GAAP fair value hierarchy.] The Company estimates the value of its private equity securities based on valuation methods using the observable transaction price at the transaction date and other observable inputs including rights and obligations of the securities held by the Company. [Level 3 input based on the GAAP fair value hierarchy.] Warrants The Company estimates the value of its warrants based on the quoted prices in the active market for Fisker’s common shares. [Level 2 inputs based on the GAAP fair value hierarchy.] Term debt The Company’s term debt includes $65 million due within one year. Due to the short period to maturity of this debt, the carrying value as presented in the consolidated balance sheets is a reasonable estimate of its fair value. Senior Notes At December 31, 2022, the net book value of the Company’s Senior Notes was $3.4 billion and the estimated fair value was $3.1 billion. The net book value of the Company’s Senior Notes due within one year is $589 million. The fair value of our Senior Notes are classified as Level 1 when we use quoted prices in active markets and Level 2 when the quoted prices are from less active markets or when other observable inputs are used to determine fair value. [e] Credit risk The Company’s financial assets that are exposed to credit risk consist primarily of cash and cash equivalents, accounts receivable, and foreign exchange and commodity forward contracts with positive fair values. Cash and cash equivalents, which consist of short-term investments, are only invested in bank term deposits and bank commercial paper with an investment grade credit rating. Credit risk is further reduced by limiting the amount which is invested in certain major financial institutions. The Company is also exposed to credit risk from the potential default by any of its counterparties on its foreign exchange forward contracts. The Company mitigates this credit risk by dealing with counterparties who are major financial institutions that the Company anticipates will satisfy their obligations under the contracts. In the normal course of business, the Company is exposed to credit risk from its customers, substantially all of which are in the automotive industry and are subject to credit risks associated with the automotive industry. For the year ended December 31, 2022, sales to the Company’s six largest customers represented 79% [2021 - 78%] of the Company’s total sales; and substantially all of its sales are to customers in which the Company has ongoing contractual relationships. The Company continues to develop and conduct business with newer electric vehicle-focused customers, which poses incremental credit risk due to their relatively short operating histories; limited financial resources; less mature product development and validation processes; uncertain market acceptance of their products/services; and untested business models. These factors may elevate our risks in dealing with such customers, particularly with respect to recovery of: pre-production [f] Currency risk The Company is exposed to fluctuations in foreign exchange rates when manufacturing facilities have committed to the delivery of products for which the selling price has been quoted in currencies other than the facilities’ functional currency, and when materials and equipment are purchased in currencies other than the facilities’ functional currency. In an effort to manage this net foreign exchange exposure, the Company employs hedging programs, primarily through the use of foreign exchange forward contracts [note 19[a]] [g] Interest rate risk The Company is not exposed to significant interest rate risk due to the short-term maturity of its monetary current assets and current liabilities. In particular, the amount of interest income earned on cash and cash equivalents is impacted more by investment decisions made and the demands to have available cash on hand, than by movements in interest rates over a given period. In addition, the Company is not exposed to interest rate risk on its term debt and Senior Notes as the interest rates on these instruments are fixed. [h] Equity price risk Public equity securities and warrants The Company’s public equity securities and warrants are subject to market price risk due to the risk of loss in value that would result from a decline in the market price of the common shares or underlying common shares.

Contingencies

Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingencies	20. CONTINGENCIES From time to time, the Company may become involved in regulatory proceedings, or become liable for legal, contractual and other claims by various parties, including customers, suppliers, former employees, class action plaintiffs and others. On an ongoing basis, the Company attempts to assess the likelihood of any adverse judgments or outcomes to these proceedings or claims, together with potential ranges of probable costs and losses. A determination of the provision required, if any, for these contingencies is made after analysis of each individual issue. The required provision may change in the future due to new developments in each matter or changes in approach such as a change in settlement strategy in dealing with these matters. The Company’s policy is to comply with all applicable laws, including antitrust and competition laws. Based on a previously completed global review of legacy antitrust risks which led to a September 2020 settlement with the European Commission and a June 2022 settlement with Brazil’s federal competition authority involving in both cases the supply of closure systems, Magna does not currently anticipate any material liabilities. However, we could be subject to restitution settlements, civil proceedings, reputational damage and other consequences, including as a result of the matters specifically referred to above.

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2022
Business Combinations [Abstract]
Business Combinations	21. BUSINESS COMBINATIONS [a] Magna Yuma On September 11, 2022, Magna invested $25 million in Yulu Mobility, an electrified mobility provider in India and together with Yulu Mobility established a new battery swapping entity, Magna Yuma, to support electrification of mobility and required infrastructure. Under the terms of the arrangement, Yulu Mobility contributed certain assets and intellectual property for a 49% interest in Magna Yuma and Magna contributed cash of $52 million for a 51% controlling interest in Magna Yuma. The investment in Yulu Mobility has been recorded in investments on the consolidated balance sheets. The investment in Magna Yuma was accounted for as a business combination and resulted in the recognition of fixed assets of $2 million, goodwill of $20 million, intangible assets of $33 million, deferred tax liabilities of $8 million and non-controlling [b] Veoneer During the fourth quarter of 2022, the Company entered into an agreement to acquire Veoneer’s Active Safety business. The purchase price is $1.525 billion, subject to working capital and other customary purchase price adjustments. The transaction is subject to customary closing conditions and certain regulatory approvals, and is expected to close near mid-year

Segmented Information

Segmented Information	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segmented Information	22. SEGMENTED INFORMATION [a] Magna is a global automotive supplier which has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mirrors & lighting, mechatronics and roof systems. Magna also has electronic and software capabilities across many of these areas. The Company is organized under four operating segments: Body Exteriors & Structures, Power & Vision, Seating Systems and Complete Vehicles. These segments have been determined on the basis of technological opportunities, product similarities, and market and operating factors, and are also the Company’s reportable segments. The Company’s chief operating decision maker uses Adjusted Earnings before Interest and Income Taxes [“Adjusted EBIT”] as the measure of segment profit or loss, since management believes Adjusted EBIT is the most appropriate measure of operational profitability or loss for its reporting segments. Adjusted EBIT is calculated by taking Net income and adding back Income taxes, Interest expense, net, and Other expense, net. The accounting policies of each segment are the same as those set out under “Significant Accounting Policies” [note 1] [a] The following tables show segment information for the Company’s reporting segments and a reconciliation of Adjusted EBIT to the Company’s consolidated income before income taxes: 2022 Total External Adjusted Depreciation Equity Body Exteriors & Structures $ 16,004 $ 15,763 $ 843 $ 706 $ 10 Power & Vision 11,861 11,636 471 504 (77 ) Seating Systems 5,269 5,252 99 84 (15 ) Complete Vehicles 5,221 5,180 235 107 (10 ) Corporate & Other [i] (515 ) 9 14 18 3 Total Reportable Segments $ 37,840 $ 37,840 $ 1,662 $ 1,419 $ (89 ) 2021 Total External Adjusted Depreciation Equity Body Exteriors & Structures $ 14,477 $ 14,196 $ 820 $ 743 $ 13 Power & Vision 11,342 11,129 738 554 (134 ) Seating Systems 4,891 4,851 152 92 (9 ) Complete Vehicles 6,106 6,057 287 103 (10 ) Corporate & Other [i] (574 ) 9 67 20 (8 ) Total Reportable Segments $ 36,242 $ 36,242 $ 2,064 $ 1,512 $ (148 ) 2022 Net Investments Goodwill Fixed Fixed Body Exteriors & Structures $ 7,168 $ 6 $ 448 $ 4,557 $ 928 Power & Vision 6,104 728 1,198 2,569 544 Seating Systems 1,377 143 260 486 101 Complete Vehicles 632 95 105 471 94 Corporate & Other 802 457 20 90 14 Total Reportable Segments $ 16,083 $ 1,429 $ 2,031 $ 8,173 $ 1,681 2021 Net Investments Goodwill Fixed Fixed Body Exteriors & Structures $ 7,349 $ 15 $ 471 $ 4,599 $ 711 Power & Vision 6,066 735 1,269 2,620 522 Seating Systems 1,379 147 270 485 73 Complete Vehicles 623 93 112 501 54 Corporate & Other 813 603 — 88 12 Total Reportable Segments $ 16,230 $ 1,593 $ 2,122 $ 8,293 $ 1,372 [i] Included in Corporate and Other Adjusted EBIT are intercompany fees charged to the automotive segments. [b] The following table reconciles Net income from operations to Adjusted EBIT: 2022 2021 Net Income $ 641 $ 1,553 Add: Interest expense, net 81 78 Other expense, net 703 38 Income taxes 237 395 Adjusted EBIT $ 1,662 $ 2,064 [c] The following table shows Net Assets for the Company’s reporting segments: 2022 2021 Total Assets $ 27,789 $ 29,086 Deduct assets not included in segment net assets: Cash and cash equivalents (1,234 ) (2,948 ) Deferred tax assets (491 ) (421 ) Long-term receivables from joint venture partners (14 ) (15 ) Deduct liabilities included in segment net assets: Accounts payable (6,999 ) (6,465 ) Accrued salaries and wages (850 ) (851 ) Other accrued liabilities (2,118 ) (2,156 ) Segment Net Assets $ 16,083 $ 16,230 [d] The following table aggregates external revenues by customer as follows: 2022 2021 General Motors $ 5,903 $ 4,884 BMW 5,243 5,680 Stellantis 5,013 4,683 Daimler AG 4,953 5,032 Ford Motor Company 4,904 4,205 Volkswagen 3,872 3,717 Other 7,952 8,041 $37,840 $36,242 [e] The following table summarizes external revenues and long-lived assets by geographic region: External Sales Fixed Assets, Net 2022 2021 2022 2021 North America United States $ 9,648 $ 8,612 $ 1,860 $ 1,686 Canada 4,870 4,253 921 960 Mexico 4,393 3,833 1,260 1,210 18,911 16,698 4,041 3,856 Europe Austria 6,617 7,661 737 771 Germany 3,800 3,989 832 972 Czech Republic 1,024 931 307 274 Poland 695 610 224 220 France 381 262 61 58 Italy 357 296 223 237 Spain 351 331 75 79 United Kingdom 343 344 163 208 Turkey 305 293 7 6 Slovakia 206 204 299 273 Russia 81 371 — 110 Other Europe 135 139 203 208 14,295 15,431 3,131 3,416 Asia Pacific China 3,901 3,534 851 875 India 228 147 82 83 Other Asia Pacific 38 21 7 7 4,167 3,702 940 965 Rest of World 467 411 61 56 $ 37,840 $ 36,242 $ 8,173 $ 8,293

Subsequent Event

Subsequent Event	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Event	23. SUBSEQUENT EVENT NORMAL COURSE ISSUER BID Subsequent to December 31, 2022, the Company purchased 151,377 Common Shares to satisfy stock-based compensation awards under our existing normal course issuer bid for cash consideration of $8 million.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Principles of consolidation	Principles of consolidation The Consolidated Financial Statements include the accounts of Magna and its subsidiaries in which Magna has a controlling financial interest and is the primary beneficiary. The Company presents non-controlling
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 amounts reported and disclosed in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates.
Foreign currency translation	Foreign currency translation The Company operates globally, which gives rise to a risk that its earnings and cash flows may be adversely impacted by fluctuations in foreign exchange rates. Assets and liabilities of the Company’s operations having a functional currency other than the U.S. dollar are translated into U.S. dollars using the exchange rate in effect at year end, and revenues and expenses are translated at the average rate during the year. Exchange gains or losses on translation of the Company’s net investment in these operations are included in comprehensive income and are deferred in accumulated other comprehensive loss. Foreign exchange gains or losses on debt that was designated as a hedge of the Company’s net investment in these operations are also recorded in accumulated other comprehensive loss. Foreign exchange gains and losses on transactions occurring in a currency other than an operation’s functional currency are reflected in net income, except for gains and losses on foreign exchange contracts used to hedge specific future commitments in foreign currencies and on intercompany balances which are designated as long-term investments. In particular, the Company uses foreign exchange forward contracts for the sole purpose of hedging certain of the Company’s future committed foreign currency based outflows and inflows. Most of the Company’s foreign exchange contracts are subject to master netting arrangements that provide for the net settlement of contracts, by counterparty, in the event of default or termination. All derivative instruments, including foreign exchange contracts, are recorded on the consolidated balance sheet at fair value. The fair values of derivatives are recorded on a gross basis in prepaid expenses and other, other assets, other accrued liabilities or other long-term liabilities. To the extent that derivative instruments are designated and qualify as cash flow hedges, the changes in their fair values are recorded in other comprehensive income. Changes in the fair value of derivative instruments that do not qualify for hedge accounting are recognized immediately in net income based on the nature of the underlying transaction. Amounts accumulated in other comprehensive loss or income are reclassified to net income in the period in which the hedged item affects net income. If the Company’s foreign exchange forward contracts cease to be effective as hedges, for example if projected foreign cash inflows or outflows declined significantly, gains or losses pertaining to the portion of the hedging transactions in excess of projected foreign currency denominated cash flows would be recognized in net income at the time this condition was identified.
Cash and cash equivalents	Cash and cash equivalents Cash and cash equivalents include cash on account, demand deposits and short-term investments with remaining maturities of less than three months at acquisition.
Inventories	Inventories Production inventories and tooling inventories manufactured in-house first-in, first-out
Investments	Investments The Company accounts for investments in companies over which it has the ability to exercise significant influence, but does not hold a controlling financial interest, under the equity method [“Equity method investments”]. The Company monitors its Equity method investments for indicators of other-than-temporary declines in value on an ongoing basis. If the Company determines that an other-than-temporary decline in value has occurred, it recognizes an impairment loss, which is measured as the difference between the book value and the fair value of the investment. Fair value is generally determined using an income approach based on discounted cash flows. The inputs utilized in the analyses are classified as Level 3 inputs within the fair value hierarchy as defined in ASC 820, “Fair Value Measurement” and primarily consist of expected investee revenue and costs, estimated production volumes and discount rates. The Company also has investments in private and publicly traded mobility and technology companies over which it does not have the ability to exercise significant influence. The Company has elected to use the measurement alternative, defined as cost, less impairments, adjusted by observable price changes to measure the private equity investments. The Company values its investments in publicly traded equity securities using the closing price on the measurement date, as reported on the stock exchange on which the securities are traded. Private equity investments are subject to impairment reviews which considers both qualitative and quantitative factors that may have a significant impact on the investee’s fair value. Upon determining that an impairment may exist, the security’s fair value is calculated using the best information available, which may include cash flow projections or other available market data and compared to its carrying value. An impairment is recognized immediately if the carrying value exceeds the fair value.
Long-lived assets	Long-lived assets Fixed assets are recorded at historical cost. Depreciation is provided on a straight-line basis over the estimated useful lives of fixed assets at annual rates of 2 1 2 Finite-lived intangible assets, which have arisen principally through acquisitions, include customer relationship intangibles and patents and licences. These finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives which range from 4 to 15 years. The Company assesses fixed and finite-lived intangible assets for recoverability whenever indicators of impairment exist. If the carrying value of the asset exceeds the estimated undiscounted cash flows from the use of the asset, then an impairment loss is recognized to write the asset down to fair value. The fair value of fixed and finite-lived intangible assets is generally determined using estimated discounted future cash flows.
Goodwill	Goodwill Goodwill represents the excess of the cost of an acquired enterprise over the fair value of the identifiable assets acquired and liabilities assumed less any subsequent write-downs for impairment. Goodwill is reviewed for impairment in the fourth quarter of each year, or more frequently if indicators of potential impairment exist. Goodwill impairment is assessed based on a comparison of the fair value of a reporting unit to the underlying carrying value of the reporting unit’s net assets, including goodwill. When the carrying amount of the reporting unit exceeds its fair value, an impairment is recognized based on that difference. The fair value of a reporting unit is determined using its estimated discounted future cash flows.
Tooling and Pre-Production Engineering Costs Related to Long-Term Supply Agreements	Tooling and Pre-Production The Company incurs pre-production pre-production Pre-production The Company expenses all pre-production non-cancelable
Warranty	Warranty The Company has assurance warranties and records product warranty liabilities based on its individual customer agreements. Under most customer agreements, the Company only accounts for existing or probable claims on product default issues when amounts related to such issues are probable and reasonably estimable. However, for certain powertrain systems, electronics, and complete vehicle assembly contracts, the Company records an estimate of future warranty-related costs based on the terms of the specific customer agreements and/or the Company’s warranty experience. Product liability and recall provisions are established based on the Company’s best estimate of the amounts necessary to settle existing claims which typically take into account: the number of units that may be returned; the cost of the product being replaced; labour to remove and replace the defective part; and the customer’s administrative costs relating to the recall. Judgement is also required as to the ultimate negotiated sharing of the cost between the Company, the customer and, in some cases, a supplier to the Company. When a decision to recall a product has been made or is probable, the Company’s portion of the estimated cost of the recall is recorded as a charge to net income in that period. The Company monitors warranty activity on an ongoing basis and adjusts reserve balances when it is probable that future warranty costs will be different than those previously estimated.
Income taxes	Income taxes The Company uses the liability method of tax allocation to account for income taxes. Under the liability method of tax allocation, deferred tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. The Company assesses whether valuation allowances should be established or maintained against its deferred tax assets based on consideration of all available evidence using a “more-likely-than-not” pre-tax No deferred tax liability is recorded for taxes on undistributed earnings and translation adjustments of foreign subsidiaries if these items are considered to be reinvested for the foreseeable future. Taxes are recorded on such foreign undistributed earnings and translation adjustments when it becomes apparent that such earnings will be distributed in the foreseeable future and the Company will incur further tax on remittance. Recognition of uncertain tax positions is dependent on whether it is more-likely-than-not more-likely-than-not
Leases	Leases The Company determines if an arrangement is a lease or contains a lease at inception. Leases with an initial term of 12 months or less are considered short-term and are not recorded on the balance sheet. The Company recognizes operating lease expense for these leases on a straight-line basis over the lease term. Operating lease right-of-use A majority of the Company’s leases for manufacturing facilities are subject to variable lease-related payments, such as escalation clauses based on consumer price index rates or other similar indices. Variable payments that are based on an index or a rate are included in the recognition of the Company’s ROU assets and lease liabilities using the index or rate at lease commencement. Subsequent changes to these lease payments due to rate or index updates are recorded as lease expense in the period incurred. The Company’s lease agreements generally exclude non-lease
Employee future benefit plans	Employee future benefit plans The cost of providing benefits through defined benefit pensions, lump sum termination and long-term service payment arrangements, and post-retirement benefits other than pensions is actuarially determined and recognized in income using the projected benefit method pro-rated The funded status of the plans is measured as the difference between the fair value of the plan assets and the projected benefit obligation [“PBO”]. The aggregate of all overfunded plans is recorded in other assets, and the aggregate of all underfunded plans is recorded in long-term employee benefit liabilities. The portion of the amount by which the actuarial present value of benefits included in the PBO exceeds the fair value of plan assets, payable in the next twelve months, is reflected in other accrued liabilities.
Revenue recognition	Revenue recognition The Company enters into contracts with its customers to provide production parts or assembled vehicles. Contracts do not commit the customer to a specified quantity of products; however, the Company is generally required to fulfill its customers’ purchasing requirements for the production life of the vehicle. Contracts do not typically become a performance obligation until the Company receives a purchase order and a customer release for a specific number of parts or assembled vehicles at a specified price. While long-term supply agreements may range from five Revenue is recognized at the point in time when control of the parts produced or assembled vehicles are transferred to the customer according to the terms of the contract. The amount of revenue recognized reflects the consideration that the Company expects to be entitled to in exchange for those products based on purchase orders and ongoing price adjustments [some of which is accounted for as variable consideration]. The Company uses the expected value method, taking into account historical data and the status of current negotiations, to estimate the amount to which it expects to be entitled. Significant changes to the Company’s estimates of variable consideration are not expected. The Company’s complete vehicle assembly contracts with customers are complex and often include promises to transfer multiple products and services, some of which may be implicitly contracted. For these arrangements, each good or service is evaluated to determine whether it represents a distinct performance obligation, and whether it should be characterized as revenue or reimbursement of costs incurred. The total transaction price is then allocated to the distinct performance obligations based on the expected cost plus a margin approach and amounts related to revenue are recognized as discussed above. The terms of the Company’s complete vehicle assembly contracts with customers differ with respect to the ownership of components related to the assembly process. Under contracts where we act as principal, purchased components in assembled vehicles are included in our inventory and cost of sales. These costs are reflected in the revenue recognized from the sale of the final assembled vehicle to the customer. Where a contract provides that the primary components are held on consignment by us, the revenue recognized reflects only the assembly fee. The Company also performs tooling and engineering activities for its customers that are not part of a long-term production arrangement. Tooling and engineering revenue is recognized at a point in time or over time depending, among other considerations, on whether the Company has an enforceable right to payment plus a reasonable profit, for performance completed to date. Over-time recognition utilizes costs incurred to date relative to total estimated costs at completion, to measure progress toward satisfying performance obligations. Revenue is recognized as control is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods and services. For the year ended December 31, 2022, total tooling and engineering sales were $731 million [2021 - $783 million]. The Company’s customers pay for products received in accordance with payment terms that are customary in the industry, typically 30 to 90 days. The Company’s contracts with its customers do not have significant financing components. Taxes assessed by a governmental authority that are both imposed on, and concurrent with, a specific revenue-producing transaction that are collected by the Company from a customer are excluded from revenue.
Contract Assets and Liabilities	Contract Assets and Liabilities The Company’s contract assets relate to the right to consideration for work completed but not yet billed and are included in Accounts Receivable. Amounts may not exceed their net realizable value. As at December 31, 2022, the Company’s unbilled accounts receivable balance was $571 million [2021 - $528 million]. Contract assets do not include the costs of obtaining or fulfilling a contract with a customer, as these amounts are generally expensed as incurred. Customer advances are recorded as deferred revenue [a contract liability]. As at December 31, 2022 the contract liability balance was $347 million [2021 - $273 million]. As performance obligations were satisfied during 2022, the Company recognized $130 million [2021 - $140 million] of previously recorded contract liabilities into revenue.
Government assistance	Government assistance The Company makes periodic applications for financial assistance under available government assistance programs in the various jurisdictions that the Company operates. Grants relating to capital expenditures are reflected as a reduction of the cost of the related assets. Grants relating to current operating expenditures may be deferred and recognized in the consolidated statement of income over the period necessary to match them with the costs that they are intended to compensate and are presented as a reduction of the related expense. The Company also receives tax credits and tax super allowances, the benefits of which are recorded as a reduction of income tax expense. In addition, the Company receives loans which are recorded as liabilities in amounts equal to the cash received. When a government loan is issued to the Company at a below-market rate of interest, the loan is initially recorded at its net present value and accreted to its face value over the period of the loan. The benefit of the below-market rate of interest is accounted for similar to a government grant and is measured as the difference between the initial carrying value of the loan
Research and development	Research and development Costs incurred in connection with research and development activities, to the extent not recoverable from the Company’s customers, are expensed as incurred. For the years ended December 31, 2022 and 2021, research and development costs charged to expense were $649 million and $634 million, respectively.
Restructuring	Restructuring Restructuring costs may include employee termination benefits, as well as other costs resulting from restructuring actions. These actions may result in employees receiving voluntary or involuntary employee termination benefits, which are mainly pursuant to union or other contractual agreements or statutory requirements. Voluntary termination benefits are accrued when an employee accepts the related offer. Involuntary termination benefits are accrued upon the commitment to a termination plan and when liabilities are determined to be probable and estimable. Additional elements of severance and termination benefits associated with nonrecurring benefits may be recognized rateably over each employee’s required future service period. All other restructuring costs are expensed as incurred.
Earnings per Common Share	Earnings per Common Share Basic earnings per Common Share are calculated on net income attributable to Magna International Inc. using the weighted average number of Common Shares outstanding during the year. Diluted earnings per Common Share are calculated on the weighted average number of Common Shares outstanding, including an adjustment for stock options outstanding using the treasury stock method.

Other Expense, Net (Tables)

Other Expense, Net (Tables)	12 Months Ended
	Dec. 31, 2022
Other Income and Expenses [Abstract]
Other Expense, Net	Other expense, net consists of: 2022 2021 Impairments related to operations in Russia [a] $ 376 $ — Net losses on investments [b] 221 2 Loss on sale of business [c] 58 75 Restructuring and impairments [d] 48 101 Merger agreement termination fee [e] — (100 ) Gain on business combinations [f] — (40 ) Other expense, net $ 703 $ 38
Summary of Net Losses or Gains on Investments	2022 2021 Revaluation of public company warrants $ 173 $ (4 ) Revaluation of public and private equity investments 49 6 Net gain on sale of public equity investments (1 ) — Other expense, net 221 2 Tax effect (53 ) 7 Net loss attributable to Magna $ 168 $ 9

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Computation of Earnings Per Share	Earnings per share are computed as follows: 2022 2021 Basic earnings per Common Share: Net income attributable to Magna International Inc. $ 592 $ 1,514 Weighted average number of Common Shares outstanding during the year 290.4 300.6 Basic earnings per Common Share $ 2.04 $ 5.04 Diluted earnings per Common Share [a]: Net income attributable to Magna International Inc. $ 592 $ 1,514 Weighted average number of Common Shares outstanding during the year 290.4 300.6 Stock options and restricted stock 0.8 2.2 291.2 302.8 Diluted earnings per Common Share $ 2.03 $ 5.00 [a] Diluted earnings per Common Share exclude 1.3 million [2021 – 0.4 million] Common Shares issuable under the Company’s Incentive Stock Option Plan because these options were not “in-the-money”. two-class

Details of Cash From Operatin_2

Details of Cash From Operating Activities (Tables)	12 Months Ended
	Dec. 31, 2022
Supplemental Cash Flow Elements [Abstract]
Components of Cash, Cash Equivalents and Restricted Cash Equivalents	[a] Cash and cash equivalents consist of: 2022 2021 Bank term deposits and bankers’ acceptances $ 720 $ 1,984 Cash 514 964 $1,234 $ 2,948
Details of Items Not Involving Current Cash Flows	[b] Items not involving current cash flows: 2022 2021 Depreciation and amortization $ 1,419 $ 1,512 Amortization of other assets included in cost of goods sold 169 255 Deferred revenue amortization (201 ) (188 ) Other non-cash 21 25 Deferred tax recovery (202 ) (76 ) Equity income (in excess of) less than dividends received (24 ) 11 Non-cash [note 2] 221 37 Impairment charges 373 — $ 1,776 $ 1,576
Changes in Operating Assets and Liabilities	[c] Changes in operating assets and liabilities: 2022 2021 Accounts receivable $ (798 ) $ 114 Inventories (448 ) (653 ) Prepaid expenses and other (43 ) (39 ) Accounts payable 812 160 Accrued salaries and wages 20 58 Other accrued liabilities 250 48 Income taxes (receivable) payable (115 ) 123 $ (322 ) $ (189 )

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories consist of: 2022 2021 Raw materials and supplies $ 1,640 $ 1,598 Work-in-process 427 400 Finished goods 537 506 Tooling and engineering 1,576 1,465 $ 4,180 $ 3,969 Tooling and engineering inventory represents costs incurred on tooling and engineering services contracts in excess of billed and unbilled amounts included in accounts receivable.

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2022
Schedule of Investments	2022 2021 Equity method investments [a] $ 997 $ 1,031 Public and private equity investments 290 358 Warrants [b] 142 204 $ 1,429 $ 1,593
Ownership Percentages and Carrying Value Principal Equity Method Investments	[a] The ownership percentages and carrying values of the Company’s principal equity method investments at December 31 were as follows [in millions, except percentages]: 2022 2021 LG Magna e-Powertrain [i] 49.0 % $ 420 $ 481 Litens Automotive Partnership [ii] 76.7 % $ 337 $ 291 Hubei HAPM Magna Seating Systems Co., Ltd. 49.9 % $ 120 $ 127 [i] LG Magna e-Powertrain [ii] The Company accounts for its investments under the equity method of accounting as a result of significant participating rights that prevent control.
Summary of Total Financial Results of Equity Method Investees	A summary of the total financial results, as reported by the Company’s equity method investees, in the aggregate, at December 31 was as follows: Summarized Balance Sheets 2022 2021 Current assets $ 2,266 $ 1,825 Non-current $ 1,866 $ 1,838 Current liabilities $ 1,555 $ 1,269 Long-term liabilities $ 715 $ 450 Summarized Income Statements 2022 2021 Sales $ 4,447 $ 3,303 Cost of goods sold & expenses 4,363 3,156 Net income $ 84 $ 147

Fixed Assets (Tables)

Fixed Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Components of Fixed Assets	Fixed assets consist of: 2022 2021 Cost Land $ 181 $ 198 Buildings 2,740 2,719 Machinery and equipment 17,258 17,355 20,179 20,272 Accumulated depreciation Buildings (1,310 ) (1,223 ) Machinery and equipment (10,696 ) (10,756 ) $ 8,173 $ 8,293

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill by Segment	The following is a continuity of the Company’s goodwill by segment: Body Exteriors Power Seating Complete Corporate Total Balance, December 31, 2020 478 1,320 176 121 — 2,095 Acquisitions — 29 93 — — 122 Foreign exchange and other (7 ) (80 ) 1 (9 ) — (95 ) Balance, December 31, 2021 471 1,269 270 112 — 2,122 Acquisitions — — — — 20 20 Foreign exchange and other (23 ) (71 ) (10 ) (7 ) — (111 ) Balance, December 31, 2022 $ 448 $ 1,198 $ 260 $ 105 $ 20 $ 2,031

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Summary of Income Tax Rate	[a] The provision for income taxes differs from the expense that would be obtained by applying the Canadian statutory income tax rate as a result of the following: 2022 2021 Canadian statutory income tax rate 26.5 % 26.5 % Net effect of losses not benefited 7.7 1.8 Tax on repatriation of foreign earnings 5.3 2.9 Impairment of investments [note 2] 1.0 — Foreign rate differentials 0.6 (3.9 ) Reserve for uncertain tax positions 0.4 (2.5 ) Foreign exchange re-measurement (0.6 ) 1.2 Re-measurement (0.8 ) 1.5 Earnings of equity accounted investees (1.6 ) (1.3 ) Valuation allowance on deferred tax assets (2.2 ) (0.7 ) Deductible inflationary adjustments (3.3 ) (1.2 ) Research and development tax credits (7.1 ) (3.4 ) Others 1.1 (0.6 ) Effective income tax rate 27.0 % 20.3 % [i] Includes foreign exchange gains reported on U.S. dollar denominated assets for Mexican tax purposes that are not recognized for GAAP purposes and losses related to the re-measurement [ii] Includes the re-measurement
Details of Income before Income Taxes by Jurisdiction	[b] The details of income before income taxes by jurisdiction are as follows: 2022 2021 Canadian $ (57 ) $ 220 Foreign 935 1,728 $ 878 $ 1,948
Details of Income Tax Provision	[c] The details of the income tax provision are as follows: 2022 2021 Current Canadian $ 5 $ 63 Foreign 452 408 457 471 Deferred Canadian (25 ) (4 ) Foreign (195 ) (72 ) (220 ) (76 ) $ 237 $ 395
Summary of Deferred Income Taxes Provided on Temporary Differences	[d] Deferred income taxes have been provided on temporary differences, which consist of the following: 2022 2021 Liabilities currently not deductible for tax $ 17 $ 5 Net tax losses benefited 10 (22 ) Re-measurement (7 ) 28 Change in valuation allowance on deferred tax assets (19 ) (13 ) Tax depreciation (less than) in excess of book depreciation (21 ) (30 ) Tax on undistributed foreign earnings (34 ) 43 Unrealized (loss) gain on remeasurement of investments (48 ) 3 Book amortization in excess of tax amortization (89 ) (58 ) Others (29 ) (32 ) $ (220 ) $ (76 )
Summary of Deferred Tax Assets and Liabilities	[e] Deferred tax assets and liabilities consist of the following temporary differences: 2022 2021 Assets Tax benefit of loss carryforwards $ 760 $ 766 Operating lease liabilities 367 409 Liabilities currently not deductible for tax 269 219 Tax credit carryforwards 87 84 Other assets tax value in excess of book values 87 — Unrealized loss on foreign exchange hedges and retirement liabilities 70 59 Unrealized losses on remeasurement of investments 37 — Others 29 30 1,706 1,567 Valuation allowance against tax benefit of loss carryforwards (579 ) (586 ) Other valuation allowance (198 ) (125 ) $ 929 $ 856 Liabilities Operating lease right-of-use 372 415 Tax depreciation in excess of book depreciation 186 228 Tax on undistributed foreign earnings 171 206 Unrealized gain on foreign exchange hedges and retirement liabilities 21 11 Unrealized gain on remeasurement of investments — 12 Other assets book value in excess of tax values — 3 750 875 Net deferred tax assets (liabilities) $ 179 $ (19 )
Net Deferred Tax Liabilities Presented on Consolidated Balance Sheet	The net deferred tax liabilities are presented on the consolidated balance sheet in the following categories: 2022 2021 Long-term deferred tax assets $ 491 $ 421 Long-term deferred tax liabilities (312 ) (440 ) $ 179 $ (19 )
Summary of Changes in Gross Unrecognized Tax Benefits	[i] As at December 31, 2022 and 2021, the Company’s gross unrecognized tax benefits were $142 million, respectively [excluding interest and penalties], of which $ 135 126 2022 2021 Balance, beginning of year $ 142 $ 182 Increase based on tax positions related to current year 52 11 (Decrease) Increase based on tax positions of prior years (17 ) 2 Settlements (10 ) (5 ) Foreign currency translation (4 ) (5 ) Statute expirations (21 ) (43 ) $ 142 $ 142

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible assets consist of: Remaining 2022 2021 Cost Customer relationship intangibles 7 $ 388 $ 386 Computer software 4 474 463 Patents and licenses 7 304 314 1,166 1,163 Accumulated depreciation Customer relationship intangibles (194 ) (175 ) Computer software (362 ) (360 ) Patents and licenses (158 ) (135 ) $ 452 $ 493

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Summary of Other Assets	Other assets consist of: 2022 2021 Preproduction costs related to long-term supply agreements $ 679 $ 668 Long-term receivables 262 184 Unrealized gain on cash flow hedges [note 19] 26 11 Pension overfunded status [note 15[a]] 41 41 Other 85 58 $ 1,093 $ 962

Warranty (Tables)

Warranty (Tables)	12 Months Ended
	Dec. 31, 2022
Guarantees and Product Warranties [Abstract]
Schedule of Company's Warranty Accruals	The following is a continuity of the Company’s warranty accruals: 2022 2021 Balance, beginning of year $ 247 $ 284 Expense, net 101 82 Settlements (77 ) (111 ) Business combination — 2 Foreign exchange and other (14 ) (10 ) $ 257 $ 247

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Company's Long-Term Debt	[a] The Company’s long-term debt, net of unamortized issuance costs, is substantially uncollateralized and consists of the following: 2022 2021 Senior Notes [note 13 [c]] Cdn$425 million Senior Notes due 2022 at 3.100% $ — $ 336 €550 million Senior Notes due 2023 at 1.900% 588 625 $750 million Senior Notes due 2024 at 3.625% 749 748 $650 million Senior Notes due 2025 at 4.150% 647 647 €600 million Senior Notes due 2027 at 1.500% 640 681 $750 million Senior Notes due 2030 at 2.450% 744 742 Bank term debt at a weighted average interest rate of approximately 3.98% [2021 – 4.86%], denominated primarily in Chinese renminbi, Brazilian real, euro and Indian rupee 114 187 Government loans at a weighted average interest rate of approximately 0.12% [2021 – 0.13%], denominated primarily in euro, Canadian dollar and Brazilian real 8 8 Other 11 19 3,501 3,993 Less due within one year 654 455 $ 2,847 $ 3,538
Schedule of Future Principal Repayments on Long-Term Debt	[b] Future principal repayments on long-term debt are estimated to be as follows: 2023 $ 655 2024 762 2025 694 2026 3 2027 643 Thereafter 756 $ 3,513
Interest Expense, Net	[e] Interest expense, net includes: 2022 2021 Interest expense Current $ 25 $ 12 Long-term 101 110 126 122 Interest income (45 ) (44 ) Interest expense, net $ 81 $ 78

Leases (Table)

Leases (Table)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of Costs Associated with Operating Lease Expenses	Costs associated with the Company’s operating lease expense were as follows: 2022 2021 Operating lease expense $ 344 $ 325 Short-term lease expense 25 16 Variable lease expense 26 26 Total lease expense $ 395 $ 367
Schedule of Supplemental Information Related To Operating Leases	Supplemental information related to the Company’s operating leases was as follows: 2022 2021 Operating cash flows – cash paid $ 375 $ 373 New right-of-use $ 167 $ 91 Weighted-average remaining lease term 8 years 9 years Weighted-average discount rate 4.7 % 4.5 %
Schedule of Commitments under Operating Leases Requiring Annual Payments	At December 31, 2022, the Company had commitments under operating leases requiring annual payments as follows: 2022 2021 2023 $ 310 $ 300 2024 274 268 2025 240 234 2026 196 205 2027 175 176 2028 and thereafter 701 835 1,896 2,018 Less: amount representing interest 332 338 Total lease liabilities $ 1,564 $ 1,680 Current operating liabilities $ 276 $ 274 Non-current 1,288 1,406 Total lease liabilities $ 1,564 $ 1,680

Long-Term Employee Benefit Li_2

Long-Term Employee Benefit Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Long-Term Employee Benefit Liabilities	Long-term employee benefit liabilities consist of: 2022 2021 Defined benefit pension plans and other [a] $ 146 $ 196 Termination and long-term service arrangements [b] 369 456 Retirement medical benefits plans [c] 20 26 Other long-term employee benefits 13 22 Long-term employee benefit obligations $ 548 $ 700
Summary of Weighted Average Significant Actuarial Assumptions Adopted in Measuring Company's Obligations and Cost	[a] Defined benefit pension plans The Company sponsors a number of defined benefit pension plans and similar arrangements for its employees. All pension plans are funded to at least the minimum legal funding requirements, while European defined benefit pension plans are unfunded. The weighted average significant actuarial assumptions adopted in measuring the Company’s obligations and costs are as follows: 2022 2021 Projected benefit obligation Discount rate 4.8 % 2.4 % Rate of compensation increase 3.6 % 2.7 % Net periodic benefit cost Discount rate 2.8 % 2.3 % Rate of compensation increase 2.9 % 2.6 % Expected return on plan assets 4.6 % 4.1 %
Schedule of Company's Defined Benefit Pension Plans	Information about the Company’s defined benefit pension plans is as follows: 2022 2021 Projected benefit obligation Beginning of year $ 689 $ 731 Current service cost 9 10 Interest cost 14 12 Actuarial gains and changes in actuarial assumptions (155 ) (37 ) Benefits paid (31 ) (27 ) Divestiture — 11 Foreign exchange (28 ) (11 ) End of year 498 689 Plan assets at fair value [i] Beginning of year 532 517 Return on plan assets (107 ) 25 Employer contributions 11 12 Benefits paid (27 ) (23 ) Foreign exchange (18 ) 1 End of year 391 532 Ending funded status – Plan deficit $ 107 $ 157 Amounts recorded in the consolidated balance sheet Non-current [note 11] $ (41 ) $ (41 ) Current liability 2 2 Non-current 146 196 Net amount $ 107 $ 157 Amounts recorded in accumulated other comprehensive income Unrecognized actuarial losses $ (86 ) $ (112 ) Net periodic benefit cost Current service cost $ 9 $ 10 Interest cost 14 12 Return on plan assets (23 ) (21 ) Actuarial losses 3 8 Net periodic benefit cost $ 3 $ 9 [i] The asset allocation of the Company’s defined benefit pension plans at December 31, 2022 and the target allocation range for 2023 is as follows: 2023 2022 Fixed income securities 60-85 % 68 % Equity securities 20-45 % 27 % Cash and cash equivalents 0-10 % 5 % 100 % 100 %
Future Benefit Payments	[d] Future benefit payments Defined Termination Retirement Total Expected employer contributions - 2023 $ 12 $ 17 $ 1 $ 30 Expected benefit payments: 2023 $ 25 $ 18 $ 1 $ 44 2024 26 15 1 42 2025 27 17 1 45 2026 28 21 1 50 2027 29 23 2 54 Thereafter 164 156 8 328 $ 299 $ 250 $ 14 $ 563
Termination and Long-term Service Arrangements [Member]
Summary of Weighted Average Significant Actuarial Assumptions Adopted in Measuring Company's Obligations and Cost	The weighted average significant actuarial assumptions adopted in measuring the Company’s projected termination and long-term service benefit obligations and net periodic benefit cost are as follows: 2022 2021 Discount rate 4.8 % 2.4 % Rate of compensation increase 3.5 % 3.1 %
Schedule of Company's Defined Benefit Pension Plans	Information about the Company’s termination and long-term service arrangements is as follows: 2022 2021 Projected benefit obligation Beginning of year $ 467 $ 478 Current service cost 13 23 Interest cost 11 9 Actuarial losses (gains) and changes in actuarial assumptions (67 ) 10 Benefits paid (18 ) (23 ) Foreign exchange (19 ) (30 ) Ending funded status – Plan deficit $ 387 $ 467 Amounts recorded in the consolidated balance sheet Current liability $ 18 $ 11 Non-current 369 456 Net amount $ 387 $ 467 Amounts recorded in accumulated other comprehensive income Unrecognized actuarial losses $ (38 ) $ (112 ) Net periodic benefit cost Current service cost $ 13 $ 23 Interest cost 11 9 Actuarial losses 7 4 Net periodic benefit cost $ 31 $ 36
Retirement Medical Benefits Plans [Member]
Summary of Weighted Average Significant Actuarial Assumptions Adopted in Measuring Company's Obligations and Cost	The weighted average discount rates used in measuring the Company’s projected retirement medical benefit obligations and net periodic benefit cost are as follows: 2022 2021 Retirement medical benefit obligations 5.1 % 2.8 % Net periodic benefit cost 3.1 % 2.4 % Health care cost inflation 6.8 % 6.4 %
Schedule of Company's Defined Benefit Pension Plans	Information about the Company’s retirement medical benefits plans are as follows: 2022 2021 Projected benefit obligation Beginning of year $ 27 $ 30 Interest cost 1 1 Actuarial gains and changes in actuarial assumptions (6 ) (3 ) Benefits paid (1 ) (1 ) Ending funded status – Plan deficit $ 21 $ 27 Amounts recorded in the consolidated balance sheet Current liability $ 1 $ 1 Non-current 20 26 Net amount $ 21 $ 27 Amounts recorded in accumulated other comprehensive income Unrecognized actuarial gains $ 17 $ 10 Net periodic benefit cost Interest cost $ 1 $ 1 Actuarial gains (1 ) (1 ) Net periodic benefit cost $ — $ —

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Particulars of Other Long-Term Liabilities	Other long-term liabilities consist of: 2022 2021 Long-term portion of income taxes payable $ 136 $ 147 Long-term portion of deferred revenue 207 127 Asset retirement obligation 35 37 Long-term portion of fair value of hedges [note 19] 31 8 Other 52 57 $ 461 $ 376

Capital Stock (Tables)

Capital Stock (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Summary of Normal Course Issuer Bids	The following is a summary of the Normal Course Issuer Bids [number of shares in the table below are expressed in whole numbers]: 2022 2021 Shares Cash Shares Cash 2020 Bid — $ — 3,318,523 $ 301 2021 Bid — — 2,673,800 216 2022 Bid 12,561,487 780 — — 12,561,487 $ 780 5,992,323 $ 517
Maximum Number of Shares Outstanding Exercised or Converted	[c] The following table presents the maximum number of shares that would be outstanding if all the dilutive instruments outstanding at February 26, 2023 were exercised or converted: Common Shares 286,072,036 Stock options [i] 5,798,933 291,870,969 [i] Options to purchase Common Shares are exercisable by the holder in accordance with the vesting provisions and upon payment of the exercise price as may be determined from time to time pursuant to the Company’s stock option plans.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 31, 2022
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	The following is a continuity schedule of accumulated other comprehensive loss [“AOCL”]: 2022 2021 Accumulated net unrealized loss on translation of net investment in foreign operations Balance, beginning of year $ (735 ) $ (551 ) Net unrealized loss (495 ) (187 ) Recognition of CTA loss in Russia 203 — Repurchase of shares under normal course issuer bids [note 17] 9 3 Balance, end of year (1,018 ) (735 ) Accumulated net unrealized gain on cash flow hedges [b] Balance, beginning of year 24 42 Net unrealized gains 1 34 Reclassification of net gain to net income [a] (20 ) (52 ) Balance, end of year 5 24 Accumulated net unrealized loss on other long-term liabilities [b] Balance, beginning of year (189 ) (224 ) Net unrealized gains 82 26 Reclassification of net loss to net income [a] 6 9 Balance, end of year (101 ) (189 ) Total accumulated other comprehensive loss [c] $ (1,114 ) $ (900 )
Schedule of Net Income Amounts Reclassified from AOCL	[a] The effects on net income of amounts reclassified from AOCL, with presentation location, were as follows: 2022 2021 Cash flow hedges Sales $ (15 ) $ 49 Cost of sales 41 21 Income tax (6 ) (18 ) Net of tax 20 52 Other long-term liabilities Cost of sales (8 ) (11 ) Income tax 2 2 Net of tax (6 ) (9 ) Total gain reclassified to net income $ 14 $ 43
Summary of Income Tax Benefit (Expense) to Component of Other Comprehensive Loss	[b] The amount of income tax benefit that has been allocated to each component of other comprehensive loss is as follows: 2022 2021 Accumulated net unrealized loss on translation of net investment in foreign operations $ 4 $ 4 Accumulated net unrealized gain on cash flow hedges Balance, beginning of year (8 ) (15 ) Net unrealized gain (loss) 2 (11 ) Reclassification of net loss to net income 6 18 Balance, end of year — (8 ) Accumulated net unrealized loss on other long-term liabilities Balance, beginning of year 25 35 Net unrealized loss (17 ) (8 ) Reclassification of net gain to net income (2 ) (2 ) Balance, end of year 6 25 Total income tax benefit $ 10 $ 21

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Foreign Exchange Forward Contracts Representing Commitments to Buy and Sell Various Foreign Currencies	At December 31, 2022, the Company had outstanding foreign exchange forward contracts representing commitments to buy and sell various foreign currencies. Significant commitments are as follows: For Canadian dollars For U.S. dollars For euros Buy (Sell) U.S. Weighted Peso Weighted U.S Weighted Czech Weighted 2023 22 1.284 7,822 0.044 77 0.855 3,664 0.038 2023 (711 ) 0.778 (8 ) 23.518 (127 ) 1.130 — — 2024 18 1.313 4,104 0.043 23 0.870 1,641 0.037 2024 (397 ) 0.779 — — (40 ) 1.141 — — 2025 4 1 320 0.045 1 0.941 — — 2025 (234 ) 0.780 — — (16 ) 1.076 — — 2026 — — — — — — — — 2026 (72 ) 0.782 — — — — — — (1,370 ) 12,238 (82 ) 5,305
Schedule of Company's Financial Assets and Liabilities	The Company’s financial assets and liabilities consist of the following: 2022 2021 Financial assets Cash and cash equivalents $ 1,234 $ 2,948 Accounts receivable 6,791 6,307 Warrants and public and private equity investments 432 562 Long-term receivables included in other assets [note 11] 262 184 $ 8,719 $ 10,001 Financial liabilities Bank Indebtedness $ 8 $ — Long-term debt (including portion due within one year) 3,501 3,993 Accounts payable 6,999 6,465 $ 10,508 $ 10,458 Derivatives designated as effective hedges, measured at fair value Foreign currency contracts Prepaid expenses $ 65 $ 34 Other assets 26 11 Other accrued liabilities (43 ) (12 ) Other long-term liabilities (31 ) (8 ) $ 17 $ 25
Derivative Foreign Currency Contracts at Gross Fair Value and Unrecognized Impacts of Master Netting Arrangements	The following table shows the Company’s derivative foreign currency contracts at gross fair value as reflected in the consolidated balance sheets and the unrecognized impacts of master netting arrangements: Gross amounts in consolidated Gross amounts not offset in consolidated Net December 31, 2022 Assets $ 91 $ 42 $ 49 Liabilities $ (74 ) $ (42 ) $ (32 ) December 31, 2021 Assets $ 45 $ 14 $ 31 Liabilities $ (20 ) $ (14 ) $ (6 )

Segmented Information (Tables)

Segmented Information (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Information for Reporting Segments	[a] The following tables show segment information for the Company’s reporting segments and a reconciliation of Adjusted EBIT to the Company’s consolidated income before income taxes: 2022 Total External Adjusted Depreciation Equity Body Exteriors & Structures $ 16,004 $ 15,763 $ 843 $ 706 $ 10 Power & Vision 11,861 11,636 471 504 (77 ) Seating Systems 5,269 5,252 99 84 (15 ) Complete Vehicles 5,221 5,180 235 107 (10 ) Corporate & Other [i] (515 ) 9 14 18 3 Total Reportable Segments $ 37,840 $ 37,840 $ 1,662 $ 1,419 $ (89 ) 2021 Total External Adjusted Depreciation Equity Body Exteriors & Structures $ 14,477 $ 14,196 $ 820 $ 743 $ 13 Power & Vision 11,342 11,129 738 554 (134 ) Seating Systems 4,891 4,851 152 92 (9 ) Complete Vehicles 6,106 6,057 287 103 (10 ) Corporate & Other [i] (574 ) 9 67 20 (8 ) Total Reportable Segments $ 36,242 $ 36,242 $ 2,064 $ 1,512 $ (148 ) 2022 Net Investments Goodwill Fixed Fixed Body Exteriors & Structures $ 7,168 $ 6 $ 448 $ 4,557 $ 928 Power & Vision 6,104 728 1,198 2,569 544 Seating Systems 1,377 143 260 486 101 Complete Vehicles 632 95 105 471 94 Corporate & Other 802 457 20 90 14 Total Reportable Segments $ 16,083 $ 1,429 $ 2,031 $ 8,173 $ 1,681 2021 Net Investments Goodwill Fixed Fixed Body Exteriors & Structures $ 7,349 $ 15 $ 471 $ 4,599 $ 711 Power & Vision 6,066 735 1,269 2,620 522 Seating Systems 1,379 147 270 485 73 Complete Vehicles 623 93 112 501 54 Corporate & Other 813 603 — 88 12 Total Reportable Segments $ 16,230 $ 1,593 $ 2,122 $ 8,293 $ 1,372 [i] Included in Corporate and Other Adjusted EBIT are intercompany fees charged to the automotive segments.
Schedule of Reconciliation for Adjusted EBIT to Consolidated Income Before Income Taxes	[b] The following table reconciles Net income from operations to Adjusted EBIT: 2022 2021 Net Income $ 641 $ 1,553 Add: Interest expense, net 81 78 Other expense, net 703 38 Income taxes 237 395 Adjusted EBIT $ 1,662 $ 2,064
Summary of Net Assets for Company's Reporting Segments	[c] The following table shows Net Assets for the Company’s reporting segments: 2022 2021 Total Assets $ 27,789 $ 29,086 Deduct assets not included in segment net assets: Cash and cash equivalents (1,234 ) (2,948 ) Deferred tax assets (491 ) (421 ) Long-term receivables from joint venture partners (14 ) (15 ) Deduct liabilities included in segment net assets: Accounts payable (6,999 ) (6,465 ) Accrued salaries and wages (850 ) (851 ) Other accrued liabilities (2,118 ) (2,156 ) Segment Net Assets $ 16,083 $ 16,230
Schedule of Aggregates External Revenues by Customer	[d] The following table aggregates external revenues by customer as follows: 2022 2021 General Motors $ 5,903 $ 4,884 BMW 5,243 5,680 Stellantis 5,013 4,683 Daimler AG 4,953 5,032 Ford Motor Company 4,904 4,205 Volkswagen 3,872 3,717 Other 7,952 8,041 $37,840 $36,242
Schedule of External Revenues and Long-Lived Assets by Geographic Region	[e] The following table summarizes external revenues and long-lived assets by geographic region: External Sales Fixed Assets, Net 2022 2021 2022 2021 North America United States $ 9,648 $ 8,612 $ 1,860 $ 1,686 Canada 4,870 4,253 921 960 Mexico 4,393 3,833 1,260 1,210 18,911 16,698 4,041 3,856 Europe Austria 6,617 7,661 737 771 Germany 3,800 3,989 832 972 Czech Republic 1,024 931 307 274 Poland 695 610 224 220 France 381 262 61 58 Italy 357 296 223 237 Spain 351 331 75 79 United Kingdom 343 344 163 208 Turkey 305 293 7 6 Slovakia 206 204 299 273 Russia 81 371 — 110 Other Europe 135 139 203 208 14,295 15,431 3,131 3,416 Asia Pacific China 3,901 3,534 851 875 India 228 147 82 83 Other Asia Pacific 38 21 7 7 4,167 3,702 940 965 Rest of World 467 411 61 56 $ 37,840 $ 36,242 $ 8,173 $ 8,293

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Significant Accounting Policies [Line Items]
Changes in assumptions and experience gains and losses that are greater than	10%
Sales	$ 37,840	$ 36,242
Unbilled accounts receivable	571	528
Deferred revenue recognized	130	140
Deferred revenue	347	273
Research and development costs	$ 649	634
Unrecognized income tax benefits	50%
Leases term	12 months
Tooling And Engineering [Member]
Significant Accounting Policies [Line Items]
Sales	$ 731	$ 783
Minimum [Member]
Significant Accounting Policies [Line Items]
Estimated useful lives of finite-lived intangible assets	4 years
Contract with customer agreement termination period	5 years
Payment term duration	30 days
Minimum [Member] | Building [Member]
Significant Accounting Policies [Line Items]
Annual rates of depreciation on fixed assets	2.50%
Minimum [Member] | General Purpose Equipment [Member]
Significant Accounting Policies [Line Items]
Annual rates of depreciation on fixed assets	7%
Minimum [Member] | Special Purpose Equipment [Member]
Significant Accounting Policies [Line Items]
Annual rates of depreciation on fixed assets	10%
Maximum [Member]
Significant Accounting Policies [Line Items]
Estimated useful lives of finite-lived intangible assets	15 years
Contract with customer agreement termination period	7 years
Payment term duration	90 days
Maximum [Member] | Building [Member]
Significant Accounting Policies [Line Items]
Annual rates of depreciation on fixed assets	5%
Maximum [Member] | General Purpose Equipment [Member]
Significant Accounting Policies [Line Items]
Annual rates of depreciation on fixed assets	10%
Maximum [Member] | Special Purpose Equipment [Member]
Significant Accounting Policies [Line Items]
Annual rates of depreciation on fixed assets	33%

Other Expense, Net - Other Expe

Other Expense, Net - Other Expense, Net (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Components Of Other Income Expense Net [Line Items]
Impairments related to operations in Russia	$ 373
Net losses on investments	221	$ 2
Loss on sale of business	58	75
Restructuring and impairments	48	101
Merger agreement termination fee		(100)
Gain on business combinations		(40)
Other expense, net	703	$ 38
Russia
Components Of Other Income Expense Net [Line Items]
Impairments related to operations in Russia	$ 376

Other Expense, Net - Other Ex_2

Other Expense, Net - Other Expense, Net (Parenthetical) (Detail) - USD ($) $ in Millions		3 Months Ended	12 Months Ended
	Jan. 01, 2021	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Components of Other Expense (Income), Net [Line Items]
Restructuring and impairment charges			$ 48	$ 101
Asset Impairment Charges			373
Merger agreement termination fee				100
Merger agreement termination fee after tax				75
Gain (Loss) on Disposition of Business			(58)	(75)
Reserve against the related foreign currency translation			203	0
Net asset impairment charges			173
Getrag Ford Transmission GmbH [Member] | Distribution of Nonmonetary Assets to Groups of Stockholders' Pursuant to Settlement Plans [Member]
Components of Other Expense (Income), Net [Line Items]
Nonmonetary transaction, gain loss recognized on transfer				18
Nonmonetary transaction gain loss recognized on transfer after tax				18
Body Exteriors and Structures Operations [Member] | Discontinued Operations, Disposed of by Sale [Member]
Components of Other Expense (Income), Net [Line Items]
Payment to fund acquirer on sale of business operations				41
Gain (Loss) on Disposition of Business				(75)
Loss on sale of business after tax				75
European Power and Vision Operation [Member] | Discontinued Operations, Disposed of by Sale [Member]
Components of Other Expense (Income), Net [Line Items]
Payment to fund acquirer on sale of business operations		$ 42
Gain (Loss) on Disposition of Business		(58)
Loss on sale of business after tax		$ 57
Chongqing Hongli Zhixin Scientific Technology Development Group LLC [Member]
Components of Other Expense (Income), Net [Line Items]
Business acquisition percentage of voting interests acquired	65%
Business combination step acquisition equity interest in acquiree percentage	15%
Business combination step acquisition equity interest in acquiree remeasurement gain	$ 22
Business combination step acquisition equity interest In acquiree remeasurement gain after tax	$ 22
Russia
Components of Other Expense (Income), Net [Line Items]
Asset Impairment Charges			376
Asset impairment charges net of tax			361
Power & Vision [Member]
Components of Other Expense (Income), Net [Line Items]
Restructuring and impairment charges			26	67
Restructuring and impairement charges net of tax			25	52
Seating Systems [Member]
Components of Other Expense (Income), Net [Line Items]
Restructuring and impairment charges				18
Restructuring and impairement charges net of tax				17
Asset impairment charges net of tax			10
Body Exteriors & Structures [Member]
Components of Other Expense (Income), Net [Line Items]
Restructuring and impairment charges			22	16
Restructuring and impairement charges net of tax			21	$ 14
Asset impairment charges net of tax			$ 163

Other Expense, Net - Summary Of

Other Expense, Net - Summary Of Net Losses Or Gains On Investments (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Gain (Loss) on Securities [Line Items]
Unrealized gain on investment revaluation	$ 110	$ (63)
Other expense, net	221	2
Tax effect	(53)	7
Net loss attributable to Magna	168	9
Public Company Warrants [Member]
Gain (Loss) on Securities [Line Items]
Unrealized gain on investment revaluation	173	(4)
Public and Private Equity Investments [Member]
Gain (Loss) on Securities [Line Items]
Unrealized gain on investment revaluation	49	$ 6
Public Equity Investments [Member]
Gain (Loss) on Securities [Line Items]
Unrealized gain on investment revaluation	$ (1)

Earnings Per Share - Computatio

Earnings Per Share - Computation of Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Basic earnings per Common Share:
Net income attributable to Magna International Inc.	$ 592	$ 1,514
Weighted average number of Common Shares outstanding during the year	290.4	300.6
Basic earnings per Common Share	$ 2.04	$ 5.04
Diluted earnings per Common Share:
Net income attributable to Magna International Inc.	$ 592	$ 1,514
Weighted average number of Common Shares outstanding during the year	290.4	300.6
Stock options and restricted stock	0.8	2.2
Diluted	291.2	302.8
Diluted earnings per Common Share	$ 2.03	$ 5

Earnings Per Share - Computat_2

Earnings Per Share - Computation of Earnings Per Share (Parenthetical) (Detail) - shares shares in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Excluded Common Shares issuable under Company's Incentive Stock Option Plan	1.3	0.4

Details of Cash From Operatin_3

Details of Cash From Operating Activities - Components of Cash, Cash Equivalents and Restricted Cash Equivalents (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and Cash Equivalents [Abstract]
Bank term deposits and bankers' acceptances	$ 720	$ 1,984
Cash	514	964
Cash, cash equivalents and restricted cash equivalents	$ 1,234	$ 2,948	$ 3,374

Details of Cash From Operatin_4

Details of Cash From Operating Activities - Details of Items Not Involving Current Cash Flows (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of Cash Flows [Abstract]
Depreciation and amortization	$ 1,419	$ 1,512
Amortization of other assets included in cost of goods sold	169	255
Deferred revenue amortization	(201)	(188)
Other non-cash charges	21	25
Deferred tax recovery	(202)	(76)
Equity income (in excess of) less than dividends received	(24)	11
Non-cash portion of Other expense, net [note 2]	221	37
Impairment charges	373
Items not involving current cash flows	$ 1,776	$ 1,576

Details of Cash From Operatin_5

Details of Cash From Operating Activities - Changes in Operating Assets and Liabilities (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of Cash Flows [Abstract]
Accounts receivable	$ (798)	$ 114
Inventories	(448)	(653)
Prepaid expenses and other	(43)	(39)
Accounts payable	812	160
Accrued salaries and wages	20	58
Other accrued liabilities	250	48
Income taxes (receivable) payable	(115)	123
Changes in operating assets and liabilities	$ (322)	$ (189)

Inventories - Inventories (Deta

Inventories - Inventories (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 1,640	$ 1,598
Work-in-process	427	400
Finished goods	537	506
Tooling and engineering	1,576	1,465
Inventory, net, total	$ 4,180	$ 3,969

Investments - Schedule of Inves

Investments - Schedule of Investments (Detail) - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
Equity Method Private Equity and Other Investments [Abstract]
Equity method investments	[1]	$ 997	$ 1,031
Public and Private equity investments		290	358
Warrants	[2]	142	204
Investments		$ 1,429	$ 1,593
[1]The ownership percentages and carrying values of the Company’s principal equity method investments at December 31 were as follows [in millions, except percentages][2]In October 2020, the Company signed agreements with Fisker Inc. [“Fisker”] for the platform sharing, engineering and manufacturing of the Fisker Ocean SUV. In connection with the arrangement, Fisker issued approximately 19.5 million penny warrants to the Company to purchase common stock, which vest based on specified milestones. During 2021, two third of the warrants vested with a value of $201 million and during the fourth quarter of 2022, the remaining one third of the warrants vested with a value of $119 million. The initial value attributable to the warrants was deferred within other accrued liabilities and other long-term liabilities and is being recognized in income as performance obligations are satisfied.

Ownership Percentages and Carry

Ownership Percentages and Carrying Value Principal Equity Method Investments (Detail) - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Carrying value of equity method investments	[1]	$ 997	$ 1,031
LG Magna e-Powertrain Co., Ltd. [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	[2]	49%
Carrying value of equity method investments	[2]	$ 420	481
Litens Automotive Partnership [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	[3]	76.70%
Carrying value of equity method investments	[3]	$ 337	291
Hubei HAPM MAGNA Seating Systems Co., Ltd. [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage		49.90%
Carrying value of equity method investments		$ 120	$ 127
[1]The ownership percentages and carrying values of the Company’s principal equity method investments at December 31 were as follows [in millions, except percentages][2]LG Magna e-Powertrain [“LGM”] is a variable interest entity [‘‘VIE’’] and depends on the Company and LG Electronics for any additional cash needs. The Company cannot make key operating decisions considered to be most significant to the VIE, and is therefore not considered to be the primary beneficiary. The Company’s known maximum exposure to loss approximated the carrying value of its investment balance as at December 31, 2022.[3]The Company accounts for its investments under the equity method of accounting as a result of significant participating rights that prevent control.

Ownership Percentages and Car_2

Ownership Percentages and Carrying Value Principal Equity Method Investments (Parenthetical) (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Unrealized Gains on Equity Securities	$ (110)	$ 63
Sales to equity method investees	$ 51	$ 65

Investments - Company's Combine

Investments - Company's Combined Proportionate Share of Major Components of Financial Statements (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Current assets	$ 12,525	$ 13,502
Current liabilities	10,998	10,401
Net income	641	1,553
Equity Method Investee [Member]
Schedule of Equity Method Investments [Line Items]
Current assets	2,266	1,825
Non-current assets	1,866	1,838
Current liabilities	1,555	1,269
Long-term liabilities	715	450
Sales	4,447	3,303
Cost of goods sold & expenses	4,363	3,156
Net income	$ 84	$ 147

Investments - Additional Inform

Investments - Additional Information (Detail) - USD ($) shares in Millions, $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Oct. 31, 2020
Schedule of Equity Method Investments [Line Items]
Unrealized Gains on Equity Securities		$ (110)	$ 63
Investment Penny Warrants [Member] | Fisker Inc [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment Number of warrants subscribed				19.5
Payments to Acquire Equity Securities, FV-NI	$ 119	201
Public Company Warrants [Member]
Schedule of Equity Method Investments [Line Items]
Unrealized Gains on Equity Securities		$ (173)	$ 4

Fixed Assets - Components of Fi

Fixed Assets - Components of Fixed Assets (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property plant and equipment, gross	$ 20,179	$ 20,272
Property plant and equipment, net	8,173	8,293
Land [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, gross	181	198
Building [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, gross	2,740	2,719
Accumulated depreciation	(1,310)	(1,223)
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment, gross	17,258	17,355
Accumulated depreciation	$ (10,696)	$ (10,756)

Fixed Assets - Additional Infor

Fixed Assets - Additional Information (Detail) - USD ($) $ in Billions	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Construction in progress expenditures	$ 1.5	$ 1

Goodwill - Goodwill by Segment

Goodwill - Goodwill by Segment (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill [Line Items]
Goodwill, Beginning balance	$ 2,122	$ 2,095
Acquisitions	20	122
Foreign exchange and other	(111)	(95)
Goodwill, Ending balance	2,031	2,122
Body Exteriors & Structures [Member]
Goodwill [Line Items]
Goodwill, Beginning balance	471	478
Acquisitions	0	0
Foreign exchange and other	(23)	(7)
Goodwill, Ending balance	448	471
Power & Vision [Member]
Goodwill [Line Items]
Goodwill, Beginning balance	1,269	1,320
Acquisitions	0	29
Foreign exchange and other	(71)	(80)
Goodwill, Ending balance	1,198	1,269
Seating Systems [Member]
Goodwill [Line Items]
Goodwill, Beginning balance	270	176
Acquisitions	0	93
Foreign exchange and other	(10)	1
Goodwill, Ending balance	260	270
Complete Vehicles [Member]
Goodwill [Line Items]
Goodwill, Beginning balance	112	121
Acquisitions	0	0
Foreign exchange and other	(7)	(9)
Goodwill, Ending balance	105	112
Corporate Segment [Member]
Goodwill [Line Items]
Goodwill, Beginning balance	0	0
Acquisitions	20	0
Foreign exchange and other	0	0
Goodwill, Ending balance	$ 20	$ 0

Income Taxes - Summary of Incom

Income Taxes - Summary of Income Tax Rate (Detail)		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Canadian statutory income tax rate		26.50%	26.50%
Net effect of losses not benefited		7.70%	1.80%
Tax on repatriation of foreign earnings		5.30%	2.90%
Impairment of investments [note 2]		1%	0%
Foreign rate differentials		0.60%	(3.90%)
Reserve for uncertain tax positions		0.40%	(2.50%)
Foreign exchange re-measurement	[1]	(0.60%)	1.20%
Re-measurement of deferred tax assets	[2]	(0.80%)	1.50%
Earnings of equity accounted investees		(1.60%)	(1.30%)
Valuation allowance on deferred tax assets		(2.20%)	(0.70%)
Deductible inflationary adjustments		(3.30%)	(1.20%)
Research and development tax credits		(7.10%)	(3.40%)
Others		1.10%	(0.60%)
Effective income tax rate		27%	20.30%
[1]Includes foreign exchange gains reported on U.S. dollar denominated assets for Mexican tax purposes that are not recognized for GAAP purposes and losses related to the re-measurement of financial statement balances of foreign subsidiaries, primarily in Mexico, that are maintained in a currency other than their functional currency.[2]Includes the re-measurement of deferred tax assets of certain European subsidiaries in 2022 and a Chinese subsidiary in 2021.

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Taxes [Line Items]
Undistributed earnings of certain foreign subsidiaries	$ 4,600
Income taxes paid, net	560	$ 341
Income tax loss carryforwards	2,900
Tax credit carryforwards	87
Total operating losses	1,900
Gross unrecognized tax benefits	142	142	$ 182
Gross unrecognized tax benefits that would affect the Company's effective tax rate	135	126
Interest and penalties on the unrecognized tax benefits	29	26
(Decrease)/Increase in expenses related to changes in its reserves for interest and penalties	(3)	$ (17)
Decrease in gross unrecognized tax benefits	$ 24
Income tax examination in Germany	2011
Income tax examination in Canada	2017
Income tax examination in china	2016
Income tax examination in mexico	2016
Income tax examination in Austria	2018
income tax examination in US	2018
Minimum [Member]
Income Taxes [Line Items]
Expiry date of operating losses and tax credit carryforwards	2023
Maximum [Member]
Income Taxes [Line Items]
Expiry date of operating losses and tax credit carryforwards	2042

Income Taxes - Details of Incom

Income Taxes - Details of Income before Income Taxes by Jurisdiction (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Canadian	$ (57)	$ 220
Foreign	935	1,728
Income before income taxes, Total	$ 878	$ 1,948

Income Taxes - Details of Inc_2

Income Taxes - Details of Income Tax Provision (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Canadian	$ 5	$ 63
Foreign	452	408
Current income tax, Total	457	471
Canadian	(25)	(4)
Foreign	(195)	(72)
Deferred income tax, Total	(220)	(76)
Income tax provision, Total	$ 237	$ 395

Income Taxes - Summary of Defer

Income Taxes - Summary of Deferred Income Taxes Provided on Temporary Differences (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Liabilities currently not deductible for tax	$ 17	$ 5
Net tax losses benefited	10	(22)
Re-measurement of deferred tax assets	(7)	28
Change in valuation allowance on deferred tax assets	(19)	(13)
Tax depreciation (less than) in excess of book depreciation	(21)	(30)
Tax on undistributed foreign earnings	(34)	43
Unrealized (loss) gain on remeasurement of investments	(48)	3
Book amortization in excess of tax amortization	(89)	(58)
Others	(29)	(32)
Deferred income tax, Total	$ (220)	$ (76)

Income Taxes - Summary of Def_2

Income Taxes - Summary of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Tax benefit of loss carryforwards	$ 760	$ 766
Operating lease liabilities	367	409
Liabilities currently not deductible for tax	269	219
Tax credit carryforwards	87	84
Other assets tax value in excess of book values	87	0
Unrealized loss on foreign exchange hedges and retirement liabilities	70	59
Unrealized losses on remeasurement of investments	37	0
Others	29	30
Deferred tax assets, Gross, Total	1,706	1,567
Valuation allowance against tax benefit of loss carryforwards	(579)	(586)
Other valuation allowance	(198)	(125)
Deferred tax assets, Net, Total	929	856
Operating lease right-of-use assets	372	415
Tax depreciation in excess of book depreciation	186	228
Tax on undistributed foreign earnings	171	206
Unrealized gain on foreign exchange hedges and retirement liabilities	21	11
Unrealized gain on remeasurement of investments	0	12
Other assets book value in excess of tax values	0	3
Deferred tax liabilities, Total	750	875
Net deferred tax assets (liabilities)	$ 179	$ (19)

Income Taxes - Net Deferred Tax

Income Taxes - Net Deferred Tax Liabilities Presented on Consolidated Balance Sheet (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Long-term deferred tax assets	$ 491	$ 421
Long-term deferred tax liabilities	(312)	(440)
Net deferred tax assets (liabilities)	$ 179	$ (19)

Income Taxes - Summary of Chang

Income Taxes - Summary of Changes in Gross Unrecognized Tax Benefits (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Balance, beginning of year	$ 142	$ 182
Increase based on tax positions related to current year	52	11
(Decrease) Increase based on tax positions of prior years	(17)	2
Settlements	(10)	(5)
Foreign currency translation	(4)	(5)
Statute expirations	(21)	(43)
Balance, ending of year	$ 142	$ 142

Intangible Assets (Detail)

Intangible Assets (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, cost	$ 1,166	$ 1,163
Intangible assets, net	$ 452	493
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated weighted average useful life in years	7 years
Intangible Assets, cost	$ 388	386
Intangible Assets, accumulated depreciation	$ (194)	(175)
Computer software [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated weighted average useful life in years	4 years
Intangible Assets, cost	$ 474	463
Intangible Assets, accumulated depreciation	$ (362)	(360)
Patent And License [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated weighted average useful life in years	7 years
Intangible Assets, cost	$ 304	314
Intangible Assets, accumulated depreciation	$ (158)	$ (135)

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets, Net [Abstract]
Definite-lived intangible assets, amortization expense	$ 106	$ 114
Estimated annual amortization expense, 2023	91
Estimated annual amortization expense, 2024	77
Estimated annual amortization expense, 2025	57
Estimated annual amortization expense, 2026	50
Estimated annual amortization expense, 2027	$ 43

Other Assets - Summary of Other

Other Assets - Summary of Other Assets (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Preproduction costs related to long-term supply agreements	$ 679	$ 668
Long-term receivables	262	184
Unrealized gain on cash flow hedges [note 19]	26	11
Pension overfunded status [note 15[a]]	41	41
Other	85	58
Total other assets	$ 1,093	$ 962

Warranty - Schedule of Company'

Warranty - Schedule of Company's Warranty Accruals (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance, beginning of year	$ 247	$ 284
Expense, net	101	82
Settlements	(77)	(111)
Business combination	0	2
Foreign exchange and other	(14)	(10)
Balance, end of year	$ 257	$ 247

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Millions		12 Months Ended
	May 18, 2022 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2022 EUR (€)
Debt Instrument [Line Items]
Short term borrowings		$ 8	$ 0
Line of credit facility, expiration period		364 days
Line of credit facility, maturity date	Jun. 24, 2026
Interest paid in cash		$ 128	122
Current Borrowing Capacity		750
One Point Nine Zero Zero Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes, face amount | €				€ 550,000,000
Asian Tranche [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 150
Mexican Tranche [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	150
One Point Five Zero Zero Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes, face amount | €				600,000,000
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	2,700
Maximum borrowing capacity, Prior to amendment	$ 2,750
Gross amount outstanding under the credit facility		0
Line of credit facility, maturity date	Jun. 24, 2027
Line of credit facility, outstanding amount		$ 1	6
Amended Syndicated Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit facility, maturity date		Jun. 24, 2023
Current Borrowing Capacity		$ 800
U.S. Commercial Paper Notes [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		1,000
Short term borrowings		$ 0	$ 0
Euro-Commercial Paper Notes [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity | €				€ 500,000,000

Debt - Schedule of Company's Lo

Debt - Schedule of Company's Long-Term Debt (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Total long-term debt	$ 3,501	$ 3,993
Less due within one year	654	455
Total long term non current debt	2,847	3,538
Three Point Six Two Five Senior Notes [Member]
Debt Instrument [Line Items]
Total long-term debt	749	748
Four Point One Five Zero Senior Notes [Member]
Debt Instrument [Line Items]
Total long-term debt	647	647
One Point Nine Zero Zero Senior Notes [Member]
Debt Instrument [Line Items]
Total long-term debt	588	625
One Point Five Zero Zero Senior Notes [Member]
Debt Instrument [Line Items]
Total long-term debt	640	681
Three Point One Zero Zero Senior Notes [Member]
Debt Instrument [Line Items]
Total long-term debt	0	336
Bank Term Debt [Member]
Debt Instrument [Line Items]
Total long-term debt	114	187
Government Loans [Member]
Debt Instrument [Line Items]
Total long-term debt	8	8
Other Long Term Debt [Member]
Debt Instrument [Line Items]
Total long-term debt	11	19
Two Point Four Five Zero Senior Notes [Member]
Debt Instrument [Line Items]
Total long-term debt	$ 744	$ 742

Debt - Schedule of Company's _2

Debt - Schedule of Company's Long-Term Debt (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2022 CAD ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2022 USD ($)	Dec. 31, 2021
Three Point Six Two Five Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes, face amount			$ 750,000,000
Senior Notes, due year	2024
Interest rate	3.625%	3.625%	3.625%
Four Point One Five Zero Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes, face amount			$ 650,000,000
Senior Notes, due year	2025
Interest rate	4.15%	4.15%	4.15%
One Point Nine Zero Zero Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes, face amount | €		€ 550,000,000
Senior Notes, due year	2023
Interest rate	1.90%	1.90%	1.90%
One Point Five Zero Zero Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes, face amount | €		€ 600,000,000
Senior Notes, due year	2027
Interest rate	1.50%	1.50%	1.50%
Three Point One Zero Zero Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes, face amount	$ 425,000,000
Senior Notes, due year	2022
Interest rate	3.10%	3.10%	3.10%
Two Point Four Five Zero Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes, face amount			$ 750,000,000
Senior Notes, due year	2030
Interest rate	2.45%	2.45%	2.45%
Bank Term Debt [Member]
Debt Instrument [Line Items]
Weighted average interest rate of bank term debt	3.98%	3.98%	3.98%	4.86%
Government Loans [Member]
Debt Instrument [Line Items]
Weighted average interest rate of bank term debt	0.12%	0.12%	0.12%	0.13%

Debt - Schedule of Future Princ

Debt - Schedule of Future Principal Repayments on Long-Term Debt (Detail) $ in Millions	Dec. 31, 2022 USD ($)
Debt Disclosure [Abstract]
2023	$ 655
2024	762
2025	694
2026	3
2027	643
Thereafter	756
Total long-term debt	$ 3,513

Debt - Interest Expense, Net (D

Debt - Interest Expense, Net (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Interest expense
Current	$ 25	$ 12
Long-term	101	110
Interest expense	126	122
Interest income	(45)	(44)
Interest expense, net	$ 81	$ 78

Leases - Additional Information

Leases - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Lessee, Lease, Description [Line Items]
Operating lease extension term	5 years
Operating Lease Option To Extend	options to extend the term of the lease,
Manufacturing Facility [Member]
Lessee, Lease, Description [Line Items]
Operating lease liabilitites	$ 71
Operating lease year of commencement	2023
Use Rights [Member]
Lessee, Lease, Description [Line Items]
Operating lease term	90 years
Maximum [Member]
Lessee, Lease, Description [Line Items]
Operating lease term	10 years
Maximum [Member] | Manufacturing Facility [Member]
Lessee, Lease, Description [Line Items]
Operating lease term	15 years
Minimum [Member]
Lessee, Lease, Description [Line Items]
Operating lease term	1 year
Minimum [Member] | Manufacturing Facility [Member]
Lessee, Lease, Description [Line Items]
Operating lease term	1 year

Leases - Schedule of Costs Asso

Leases - Schedule of Costs Associated with Operating Lease Expenses (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating lease expense	$ 344	$ 325
Short-term lease expense	25	16
Variable lease expense	26	26
Total lease expense	$ 395	$ 367

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Information Related To Operating Leases (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating cash flows – cash paid	$ 375	$ 373
New right-of-use assets	$ 167	$ 91
Weighted-average remaining lease term	8 years	9 years
Weighted-average discount rate	4.70%	4.50%

Leases - Schedule of Commitment

Leases - Schedule of Commitments under Operating Leases Requiring Annual Payments (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2023	$ 310	$ 300
2024	274	268
2025	240	234
2026	196	205
2027	175	176
2028 and thereafter	701	835
Total	1,896	2,018
Less: amount representing interest	332	338
Total lease liabilities	1,564	1,680
Current operating liabilities	276	274
Non-current operating lease liabilities	1,288	1,406
Total lease liabilities	$ 1,564	$ 1,680

Long-Term Employee Benefit Li_3

Long-Term Employee Benefit Liabilities - Long-Term Employee Benefit Liabilities (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Defined benefit pension plans and other	$ 146	$ 196
Termination and long-term service arrangements	369	456
Retirement medical benefits plans	20	26
Other long-term employee benefits	13	22
Long-term employee benefit obligations	$ 548	$ 700

Long-Term Employee Benefit Li_4

Long-Term Employee Benefit Liabilities - Summary of Weighted Average Significant Actuarial Assumptions Adopted in Measuring Company's Obligations and Cost (Detail) - Pension Plan, Defined Benefit [Member]	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.80%	2.40%
Rate of compensation increase	3.60%	2.70%
Net periodic benefit cost Discount rate	2.80%	2.30%
Rate of compensation increase	2.90%	2.60%
Expected return on plan assets	4.60%	4.10%

Long-Term Employee Benefit Li_5

Long-Term Employee Benefit Liabilities - Schedule of Company's Defined Benefit Pension Plans (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Non-current asset	$ (41)	$ (41)
Non-current liability	548	700
Pension Plan, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Beginning of year	689	731
Current service cost	9	10
Interest cost	14	12
Actuarial gains and changes in actuarial assumptions	(155)	(37)
Benefits paid	(31)	(27)
Divestiture	0	11
Foreign exchange	(28)	(11)
End of year	498	689
Beginning of year	532	517
Return on plan assets	(107)	25
Employer contributions	11	12
Benefits paid	(27)	(23)
Foreign exchange	(18)	1
End of year	391	532
Ending funded status– Plan deficit	107	157
Non-current asset	(41)	(41)
Current liability	2	2
Non-current liability	146	196
Net amount	107	157
Amounts recorded in accumulated other comprehensive income Unrecognized actuarial losses	(86)	(112)
Current service cost	9	10
Interest cost	14	12
Return on plan assets	(23)	(21)
Actuarial losses	3	8
Net periodic benefit cost	$ 3	$ 9

Long-Term Employee Benefit Li_6

Long-Term Employee Benefit Liabilities - Schedule of Company's Defined Benefit Pension Plans (Parenthetical) (Detail) - Pension Plan, Defined Benefit [Member]	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan Disclosure [Line Items]
Target allocation	100%
Asset allocation of defined benefit pension plans		100%
Equity Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Asset allocation of defined benefit pension plans		27%
Equity Investments [Member] | Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Target allocation	20%
Equity Investments [Member] | Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Target allocation	45%
Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Asset allocation of defined benefit pension plans		68%
Fixed Income Securities [Member] | Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Target allocation	60%
Fixed Income Securities [Member] | Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Target allocation	85%
Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Asset allocation of defined benefit pension plans		5%
Cash and Cash Equivalents [Member] | Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Target allocation	0%
Cash and Cash Equivalents [Member] | Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Target allocation	10%

Long-Term Employee Benefit Li_7

Long-Term Employee Benefit Liabilities - Summary of Weighted Average Significant Actuarial Assumptions Adopted in Measuring Company's Projected Termination and Long-term Service Benefit Obligations and Net Periodic Benefit Cost (Detail) - Termination and Long-term Service Arrangements [Member]	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.80%	2.40%
Rate of compensation increase	3.50%	3.10%

Long-Term Employee Benefit Li_8

Long-Term Employee Benefit Liabilities - Company's Termination and Long-term Service Arrangements (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Non-current liability	$ 548	$ 700
Termination and Long-term Service Arrangements [Member]
Defined Benefit Plan Disclosure [Line Items]
Beginning of year	467	478
Current service cost	13	23
Interest cost	11	9
Actuarial losses (gains) and changes in actuarial assumptions	(67)	10
Benefits paid	(18)	(23)
Foreign exchange	(19)	(30)
Ending funded status – Plan deficit	387	467
Current liability	18	11
Non-current liability	369	456
Net amount	387	467
Amounts recorded in accumulated other comprehensive income Unrecognized actuarial losses	(38)	(112)
Current service cost	13	23
Interest cost	11	9
Actuarial losses	7	4
Net periodic benefit cost	$ 31	$ 36

Long-Term Employee Benefit Li_9

Long-Term Employee Benefit Liabilities - Summary of Weighted Average Discount Rates Used in Measuring Company's Projected Retirement Medical Benefit Obligations and Net Periodic Benefit Cost (Detail) - Retirement Medical Benefits Plans [Member]	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Retirement medical benefit obligations	5.10%	2.80%
Net periodic benefit cost	3.10%	2.40%
Health care cost inflation	6.80%	6.40%

Long-Term Employee Benefit L_10

Long-Term Employee Benefit Liabilities - Company's Retirement Medical Benefits Plans (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plan Disclosure [Line Items]
Non-current liability	$ 548	$ 700
Retirement Medical Benefits Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Beginning of year	27	30
Interest cost	1	1
Actuarial gains and changes in actuarial assumptions	(6)	(3)
Benefits paid	(1)	(1)
Ending funded status – Plan deficit	21	27
Current liability	1	1
Non-current liability	20	26
Net amount	21	27
Unrecognized actuarial gains	17	10
Interest cost	1	1
Actuarial losses	(1)	(1)
Net periodic benefit cost	$ 0	$ 0

Long-Term Employee Benefit L_11

Long-Term Employee Benefit Liabilities - Future Benefit Payments (Detail) $ in Millions	Dec. 31, 2022 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions - 2023	$ 30
2023	44
2024	42
2025	45
2026	50
2027	54
Thereafter	328
Total	563
Pension Plan, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions - 2023	12
2023	25
2024	26
2025	27
2026	28
2027	29
Thereafter	164
Total	299
Termination and Long Service Arrangements [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions - 2023	17
2023	18
2024	15
2025	17
2026	21
2027	23
Thereafter	156
Total	250
Retirement Medical Benefits Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions - 2023	1
2023	1
2024	1
2025	1
2026	1
2027	2
Thereafter	8
Total	$ 14

Other Long-Term Liabilities - P

Other Long-Term Liabilities - Particulars of Other Long-Term Liabilities (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Long-term portion of income taxes payable	$ 136	$ 147
Long-term portion of deferred revenue	207	127
Asset retirement obligation	35	37
Long-term portion of fair value of hedges [note 19]	31	8
Other	52	57
Total	$ 461	$ 376

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail)		12 Months Ended
	Nov. 09, 2022 shares	Dec. 31, 2022 Vote shares
Equity [Abstract]
Preference shares included in authorized capital stock		99,760,000
Shares issued or outstanding		0
Number of votes per share | Vote		1
Number of common stock shares to be purchased under the Bid	28,400,000
Percentage of issued and outstanding common shares	10%
Commencement date of Bid		Nov. 15, 2022
Termination date of Bid		Nov. 14, 2023

Capital Stock - Summary of Norm

Capital Stock - Summary of Normal Course Issuer Bids (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Share Repurchase Programs [Line Items]
Shares purchased	12,561,487	5,992,323
Cash amount	$ 780	$ 517
2020 Bid [Member]
Schedule Of Share Repurchase Programs [Line Items]
Shares purchased	0	3,318,523
Cash amount	$ 0	$ 301
2021 Bid [Member]
Schedule Of Share Repurchase Programs [Line Items]
Shares purchased	0	2,673,800
Cash amount	$ 0	$ 216
2022 Bid [Member]
Schedule Of Share Repurchase Programs [Line Items]
Shares purchased	12,561,487	0
Cash amount	$ 780	$ 0

Capital Stock - Maximum Number

Capital Stock - Maximum Number of Shares Outstanding Exercised or Converted (Detail) - Convertible Common Stock [Member] - Subsequent Event [Member]	Feb. 26, 2023 shares
Class of Stock [Line Items]
Common Shares	286,072,036
Stock options	5,798,933	[1]
Total number of shares outstanding	291,870,969
[1]Options to purchase Common Shares are exercisable by the holder in accordance with the vesting provisions and upon payment of the exercise price as may be determined from time to time pursuant to the Company’s stock option plans.

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Schedule of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	$ (900)
Net unrealized gains	1	$ 34
Reclassification of net loss to net income	(6)	(9)
Ending Balance	(1,114)	(900)
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(735)	(551)
Net unrealized loss	(495)	(187)
Repurchase of shares under normal course issuer bids [note 17]	9	3
Recognition of CTA loss in Russia	203
Ending Balance	(1,018)	(735)
Accumulated Net (Loss) Gain from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	24	42
Net unrealized gains	1	34
Reclassification of net gain to net income	(20)	(52)
Ending Balance	5	24
Accumulated Net Unrealized Loss On Other Long Term Liabilities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(189)	(224)
Net unrealized gains	82	26
Reclassification of net loss to net income	6	9
Ending Balance	(101)	(189)
AOCL [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance	(900)
Ending Balance	$ (1,114)	$ (900)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Schedule of Net Income Amounts Reclassified from AOCL (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Sales	$ 37,840	$ 36,242
Cost of sales	33,188	31,097
Income tax	237	395
Net of tax	592	1,514
Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total gain reclassified to net income	14	43
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net (Loss) Gain from Designated or Qualifying Cash Flow Hedges [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Sales	(15)	49
Cost of sales	41	21
Income tax	(6)	(18)
Net of tax	20	52
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Unrealized Loss On Other Long Term Liabilities [Member]
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	(8)	(11)
Income tax	2	2
Net of tax	$ (6)	$ (9)

Accumulated Other Comprehensi_5

Accumulated Other Comprehensive Loss - Summary of Income Tax Benefit (Expense) to Component of Other Comprehensive Loss (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated net unrealized loss on translation of net investment in foreign operations	$ 4	$ 4
Balance, beginning of year	21
Balance, end of year	10	21
Accumulated Net (Loss) Gain from Designated or Qualifying Cash Flow Hedges [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning of year	(8)	(15)
Net unrealized (gain) loss	2	(11)
Reclassification of net loss (gain) to net income	6	18
Balance, end of year	0	(8)
Accumulated Net Unrealized Loss On Other Long Term Liabilities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance, beginning of year	25	35
Net unrealized (gain) loss	(17)	(8)
Reclassification of net loss (gain) to net income	(2)	(2)
Balance, end of year	$ 6	$ 25

Accumulated Other Comprehensi_6

Accumulated Other Comprehensive Loss - Additional Information (Detail) $ in Millions	Dec. 31, 2022 USD ($)
Equity [Abstract]
Amount of comprehensive loss that is expected to be reclassified to net income	$ 21

Financial Instruments - Foreign

Financial Instruments - Foreign Exchange Forward Contracts Representing Commitments to Buy and Sell Various Foreign Currencies (Detail) - 12 months ended Dec. 31, 2022 Kč in Millions, $ in Millions, $ in Millions	USD ($)	MXN ($)	CZK (Kč)
Czech Koruna [Member]
Derivative [Line Items]
Derivative, Notional Amount (Buy Contracts) | Kč			Kč 5,305
2023 [Member] | Long [Member] | Czech Koruna [Member]
Derivative [Line Items]
Derivative, Notional Amount (Buy Contracts) | Kč			3,664
2024 [Member] | Long [Member] | Czech Koruna [Member]
Derivative [Line Items]
Derivative, Notional Amount (Buy Contracts) | Kč			Kč 1,641
Canada, Dollars
Derivative [Line Items]
Derivative, Notional Amount (Sell Contracts)	$ (1,370)
Canada, Dollars | 2023 [Member] | US Dollar [Member]
Derivative [Line Items]
Foreign exchange forward contract, Purchases Exchange Rate	1.284
Foreign exchange forward contract, Sales Exchange Rate	0.778
Canada, Dollars | 2023 [Member] | Long [Member]
Derivative [Line Items]
Derivative, Notional Amount (Buy Contracts)	$ 22
Canada, Dollars | 2023 [Member] | Short [Member]
Derivative [Line Items]
Derivative, Notional Amount (Sell Contracts)	$ (711)
Canada, Dollars | 2024 [Member] | US Dollar [Member]
Derivative [Line Items]
Foreign exchange forward contract, Purchases Exchange Rate	1.313
Foreign exchange forward contract, Sales Exchange Rate	0.779
Canada, Dollars | 2024 [Member] | Long [Member]
Derivative [Line Items]
Derivative, Notional Amount (Buy Contracts)	$ 18
Canada, Dollars | 2024 [Member] | Short [Member]
Derivative [Line Items]
Derivative, Notional Amount (Sell Contracts)	$ (397)
Canada, Dollars | 2025 [Member] | US Dollar [Member]
Derivative [Line Items]
Foreign exchange forward contract, Purchases Exchange Rate	1
Foreign exchange forward contract, Sales Exchange Rate	0.78
Canada, Dollars | 2025 [Member] | Long [Member]
Derivative [Line Items]
Derivative, Notional Amount (Buy Contracts)	$ 4
Canada, Dollars | 2025 [Member] | Short [Member]
Derivative [Line Items]
Derivative, Notional Amount (Sell Contracts)	$ (234)
Canada, Dollars | 2026 [Member] | US Dollar [Member]
Derivative [Line Items]
Foreign exchange forward contract, Sales Exchange Rate	0.782
Canada, Dollars | 2026 [Member] | Short [Member]
Derivative [Line Items]
Derivative, Notional Amount (Sell Contracts)	$ (72)
United States of America, Dollars
Derivative [Line Items]
Derivative, Notional Amount (Buy Contracts)		$ 12,238
United States of America, Dollars | 2023 [Member] | Mexican Peso [Member]
Derivative [Line Items]
Foreign exchange forward contract, Purchases Exchange Rate	0.044
Foreign exchange forward contract, Sales Exchange Rate	23.518
United States of America, Dollars | 2023 [Member] | Long [Member]
Derivative [Line Items]
Derivative, Notional Amount (Buy Contracts)		7,822
United States of America, Dollars | 2023 [Member] | Short [Member]
Derivative [Line Items]
Derivative, Notional Amount (Sell Contracts)		(8)
United States of America, Dollars | 2024 [Member] | Mexican Peso [Member]
Derivative [Line Items]
Foreign exchange forward contract, Purchases Exchange Rate	0.043
United States of America, Dollars | 2024 [Member] | Long [Member]
Derivative [Line Items]
Derivative, Notional Amount (Buy Contracts)		4,104
United States of America, Dollars | 2024 [Member] | Short [Member]
Derivative [Line Items]
Derivative, Notional Amount (Sell Contracts)		0
United States of America, Dollars | 2025 [Member] | Mexican Peso [Member]
Derivative [Line Items]
Foreign exchange forward contract, Purchases Exchange Rate	0.045
United States of America, Dollars | 2025 [Member] | Long [Member]
Derivative [Line Items]
Derivative, Notional Amount (Buy Contracts)		$ 320
Euro Member Countries, Euro
Derivative [Line Items]
Derivative, Notional Amount (Sell Contracts)	$ (82)
Euro Member Countries, Euro | 2023 [Member] | US Dollar [Member]
Derivative [Line Items]
Foreign exchange forward contract, Purchases Exchange Rate	0.855
Foreign exchange forward contract, Sales Exchange Rate	1.13
Euro Member Countries, Euro | 2023 [Member] | Czech Koruna [Member]
Derivative [Line Items]
Foreign exchange forward contract, Purchases Exchange Rate	0.038
Euro Member Countries, Euro | 2023 [Member] | Long [Member]
Derivative [Line Items]
Derivative, Notional Amount (Buy Contracts)	$ 77
Euro Member Countries, Euro | 2023 [Member] | Short [Member]
Derivative [Line Items]
Derivative, Notional Amount (Sell Contracts)	$ (127)
Euro Member Countries, Euro | 2024 [Member] | US Dollar [Member]
Derivative [Line Items]
Foreign exchange forward contract, Purchases Exchange Rate	0.87
Foreign exchange forward contract, Sales Exchange Rate	1.141
Euro Member Countries, Euro | 2024 [Member] | Czech Koruna [Member]
Derivative [Line Items]
Foreign exchange forward contract, Purchases Exchange Rate	0.037
Euro Member Countries, Euro | 2024 [Member] | Long [Member]
Derivative [Line Items]
Derivative, Notional Amount (Buy Contracts)	$ 23
Euro Member Countries, Euro | 2024 [Member] | Short [Member]
Derivative [Line Items]
Derivative, Notional Amount (Sell Contracts)	$ (40)
Euro Member Countries, Euro | 2025 [Member] | US Dollar [Member]
Derivative [Line Items]
Foreign exchange forward contract, Purchases Exchange Rate	0.941
Foreign exchange forward contract, Sales Exchange Rate	1.076
Euro Member Countries, Euro | 2025 [Member] | Long [Member]
Derivative [Line Items]
Derivative, Notional Amount (Buy Contracts)	$ 1
Euro Member Countries, Euro | 2025 [Member] | Short [Member]
Derivative [Line Items]
Derivative, Notional Amount (Sell Contracts)	$ (16)

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) Customer	Dec. 31, 2021 USD ($)
Derivative Instruments, Gain (Loss) [Line Items]
Long-term debt due within one year	$ 654	$ 455
Debt instrument maturity period	1 year
Book value of senior notes	$ 3,400
Senior Notes, Current	589
Accounts receivable net	$ 6,791	$ 6,307
Sales Revenue, Net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Number of largest customers | Customer	6
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | Six Largest Company [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Percentage of sales to six largest customers	79%	78%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Newer Electric Vehicle Focused Customers [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Accounts receivable net	$ 400
Short-Term Debt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Long-term debt due within one year	65
Fair Value, Inputs, Level 1 [Member] | Senior Notes [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Estimated fair value of notes payable	3,100
Foreign Exchange Forward [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Foreign exchange forward contracts, gain recognized in other comprehensive loss	69
Foreign exchange forward contracts, loss recognized in other comprehensive loss	$ (48)

Financial Instruments - Schedul

Financial Instruments - Schedule of Company's Financial Assets and Liabilities (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financial assets
Cash and cash equivalents	$ 1,234	$ 2,948	$ 3,374
Accounts receivable	6,791	6,307
Warrants and public and private equity investments	432	562
Long-term receivables included in other assets [note 11]	262	184
Total	8,719	10,001
Financial liabilities
Bank indebtedness	8	0
Long-term debt (including portion due within one year)	3,501	3,993
Accounts payable	6,999	6,465
Total	10,508	10,458
Foreign currency contracts designated as effective hedges, measured at fair value
Derivative assets designated as effective hedges, measured at fair value	91	45
Derivative liabilities designated as effective hedges, measured at fair value	(74)	(20)
Foreign Exchange Contract [Member]
Foreign currency contracts designated as effective hedges, measured at fair value
Assets, Net amounts	17	25
Prepaid Expenses and Other [Member] | Foreign Exchange Contract [Member]
Foreign currency contracts designated as effective hedges, measured at fair value
Derivative assets designated as effective hedges, measured at fair value	65	34
Other Assets [Member] | Foreign Exchange Contract [Member]
Foreign currency contracts designated as effective hedges, measured at fair value
Derivative assets designated as effective hedges, measured at fair value	26	11
Other Accrued Liabilities [Member] | Foreign Exchange Contract [Member]
Foreign currency contracts designated as effective hedges, measured at fair value
Derivative liabilities designated as effective hedges, measured at fair value	(43)	(12)
Other Long-term Liabilities [Member] | Foreign Exchange Contract [Member]
Foreign currency contracts designated as effective hedges, measured at fair value
Derivative liabilities designated as effective hedges, measured at fair value	$ (31)	$ (8)

Financial Instruments - Derivat

Financial Instruments - Derivative Foreign Currency Contracts at Gross Fair Value and Unrecognized Impacts of Master Netting Arrangements (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Offsetting [Abstract]
Assets, Gross amounts presented in consolidated balance sheets	$ 91	$ 45
Assets, Gross amounts not offset in consolidated balance sheets	42	14
Assets, Net amounts	49	31
Liabilities, Gross amounts presented in Consolidated Balance Sheets	(74)	(20)
Liabilities, Gross amounts not offset in Consolidated Balance Sheets	(42)	(14)
Liabilities, Net Amounts	$ (32)	$ (6)

Business Combinations - Additio

Business Combinations - Additional Information (Detail) - USD ($) $ in Millions		12 Months Ended
	Sep. 11, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Goodwill		$ 2,031	$ 2,122	$ 2,095
Yulu Mobility [Member]
Business Acquisition [Line Items]
Payments to acquire investments	$ 25
Magna Yuma [Member]
Business Acquisition [Line Items]
Percentage of voting equity interests acquired at the acquisition date in the business combination	51%
Business Combination, Consideration Transferred	$ 52
Goodwill	20
Intangible assets acquired at the acquisition date	33
Fixed assets acquired at the acquisition date	2
Noncontrolling interest in the acquiree at the acquisition date	$ 47
Percentage of voting interests held by Noncontrolling interest in the acquiree	49%
Deferred Tax Liabilities assumed at the acquisition date	$ 8
Veoneers Active Safety business [Member]
Business Acquisition [Line Items]
Business Combination, Consideration Transferred		$ 1,525

Segmented Information - Additio

Segmented Information - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2022 Business-Combination
Segment Reporting [Abstract]
Number of reportable operating segments	4

Segmented Information - Schedul

Segmented Information - Schedule of Segment Information for Reporting Segments (Detail) - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total sales		$ 37,840	$ 36,242
External sales		37,840	36,242
Adjusted EBIT		1,662	2,064
Depreciation and amortization		1,419	1,512
Equity income		(89)	(148)
Net assets		27,789	29,086
Goodwill		2,031	2,122	$ 2,095
Fixed assets, net		8,173	8,293
Body Exteriors & Structures [Member]
Segment Reporting Information [Line Items]
Goodwill		448	471	478
Power & Vision [Member]
Segment Reporting Information [Line Items]
Goodwill		1,198	1,269	1,320
Seating Systems [Member]
Segment Reporting Information [Line Items]
Goodwill		260	270	176
Complete Vehicles [Member]
Segment Reporting Information [Line Items]
Goodwill		105	112	$ 121
Operating Segments [Member]
Segment Reporting Information [Line Items]
Total sales		37,840	36,242
Net assets		16,083	16,230
Investments		1,429	1,593
Goodwill		2,031	2,122
Fixed assets, net		8,173	8,293
Fixed asset additions		1,681	1,372
Operating Segments [Member] | Body Exteriors & Structures [Member]
Segment Reporting Information [Line Items]
Total sales		16,004	14,477
External sales		15,763	14,196
Adjusted EBIT		843	820
Depreciation and amortization		706	743
Equity income		10	13
Net assets		7,168	7,349
Investments		6	15
Goodwill		448	471
Fixed assets, net		4,557	4,599
Fixed asset additions		928	711
Operating Segments [Member] | Power & Vision [Member]
Segment Reporting Information [Line Items]
Total sales		11,861	11,342
External sales		11,636	11,129
Adjusted EBIT		471	738
Depreciation and amortization		504	554
Equity income		(77)	(134)
Net assets		6,104	6,066
Investments		728	735
Goodwill		1,198	1,269
Fixed assets, net		2,569	2,620
Fixed asset additions		544	522
Operating Segments [Member] | Seating Systems [Member]
Segment Reporting Information [Line Items]
Total sales		5,269	4,891
External sales		5,252	4,851
Adjusted EBIT		99	152
Depreciation and amortization		84	92
Equity income		(15)	(9)
Net assets		1,377	1,379
Investments		143	147
Goodwill		260	270
Fixed assets, net		486	485
Fixed asset additions		101	73
Operating Segments [Member] | Complete Vehicles [Member]
Segment Reporting Information [Line Items]
Total sales		5,221	6,106
External sales		5,180	6,057
Adjusted EBIT		235	287
Depreciation and amortization		107	103
Equity income		(10)	(10)
Net assets		632	623
Investments		95	93
Goodwill		105	112
Fixed assets, net		471	501
Fixed asset additions		94	54
Operating Segments [Member] | Corporate and Other [Member]
Segment Reporting Information [Line Items]
Total sales	[1]	(515)	(574)
External sales	[1]	9	9
Adjusted EBIT	[1]	14	67
Depreciation and amortization	[1]	18	20
Equity income	[1]	3	(8)
Net assets		802	813
Investments		457	603
Goodwill		20
Fixed assets, net		90	88
Fixed asset additions		$ 14	$ 12
[1]Included in Corporate and Other Adjusted EBIT are intercompany fees charged to the automotive segments.

Segmented Information - Sched_2

Segmented Information - Schedule of Reconciliation for Adjusted EBIT to Consolidated Income Before Income Taxes (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting [Abstract]
Net income	$ 641	$ 1,553
Add (deduct):
Interest expense, net	81	78
Other expense, net	703	38
Income taxes	237	395
Adjusted EBIT	$ 1,662	$ 2,064

Segmented Information - Summary

Segmented Information - Summary of Net Assets for Company's Reporting Segments (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Summary of Net Assets for Company's Reporting Segments [Line Items]
Total Assets	$ 27,789	$ 29,086
Cash and cash equivalents	(1,234)	(2,948)
Deferred tax assets	(491)	(421)
Long-term receivables from joint venture partners	(14)	(15)
Accounts payable	(6,999)	(6,465)
Accrued salaries and wages	(850)	(851)
Other accrued liabilities	(2,118)	(2,156)
Segment Net Assets	$ 16,083	$ 16,230

Segmented Information - Sched_3

Segmented Information - Schedule of Aggregates External Revenues by Customer (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue from External Customer [Line Items]
Sales	$ 37,840	$ 36,242
General Motors [Member]
Revenue from External Customer [Line Items]
Sales	5,903	4,884
BMW [Member]
Revenue from External Customer [Line Items]
Sales	5,243	5,680
Daimler AG [Member]
Revenue from External Customer [Line Items]
Sales	4,953	5,032
Ford Motor Company [Member]
Revenue from External Customer [Line Items]
Sales	4,904	4,205
Volkswagen [Member]
Revenue from External Customer [Line Items]
Sales	3,872	3,717
Other Customers [Member]
Revenue from External Customer [Line Items]
Sales	7,952	8,041
Stellantis [Member]
Revenue from External Customer [Line Items]
Sales	$ 5,013	$ 4,683

Segmented Information - Sched_4

Segmented Information - Schedule of External Revenues and Long-Lived Assets by Geographic Region (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	$ 37,840	$ 36,242
Fixed assets, net	8,173	8,293
Operating Segments [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	37,840	36,242
Fixed assets, net	8,173	8,293
Operating Segments [Member] | North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	18,911	16,698
Fixed assets, net	4,041	3,856
Operating Segments [Member] | North America [Member] | United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	9,648	8,612
Fixed assets, net	1,860	1,686
Operating Segments [Member] | North America [Member] | Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	4,870	4,253
Fixed assets, net	921	960
Operating Segments [Member] | North America [Member] | Mexico
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	4,393	3,833
Fixed assets, net	1,260	1,210
Operating Segments [Member] | Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	14,295	15,431
Fixed assets, net	3,131	3,416
Operating Segments [Member] | Europe [Member] | Austria
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	6,617	7,661
Fixed assets, net	737	771
Operating Segments [Member] | Europe [Member] | Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	3,800	3,989
Fixed assets, net	832	972
Operating Segments [Member] | Europe [Member] | Czech Republic
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	1,024	931
Fixed assets, net	307	274
Operating Segments [Member] | Europe [Member] | Poland
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	695	610
Fixed assets, net	224	220
Operating Segments [Member] | Europe [Member] | Russia
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	81	371
Fixed assets, net	0	110
Operating Segments [Member] | Europe [Member] | Spain
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	351	331
Fixed assets, net	75	79
Operating Segments [Member] | Europe [Member] | United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	343	344
Fixed assets, net	163	208
Operating Segments [Member] | Europe [Member] | Italy
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	357	296
Fixed assets, net	223	237
Operating Segments [Member] | Europe [Member] | Turkey
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	305	293
Fixed assets, net	7	6
Operating Segments [Member] | Europe [Member] | France
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	381	262
Fixed assets, net	61	58
Operating Segments [Member] | Europe [Member] | Slovakia
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	206	204
Fixed assets, net	299	273
Operating Segments [Member] | Europe [Member] | Other Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	135	139
Fixed assets, net	203	208
Operating Segments [Member] | Asia Pacific [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	4,167	3,702
Fixed assets, net	940	965
Operating Segments [Member] | Asia Pacific [Member] | China
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	3,901	3,534
Fixed assets, net	851	875
Operating Segments [Member] | Asia Pacific [Member] | India
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	228	147
Fixed assets, net	82	83
Operating Segments [Member] | Asia Pacific [Member] | Other Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	38	21
Fixed assets, net	7	7
Operating Segments [Member] | Rest Of The World [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	467	411
Fixed assets, net	$ 61	$ 56

Subsequent Event - Additional I

Subsequent Event - Additional Information (Detail) - USD ($) $ in Millions		12 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Stock-based compensation awards, common shares	151,377
Cash consideration received in lieu of cancellation	$ 8	$ 780	$ 517