BorgWarner (BWA) 10-K 6 Feb 25 2024 FY Annual report Financial data

Cover

Cover - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2024	Jan. 31, 2025	Jun. 30, 2024
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	1-12162
Entity Registrant Name	BorgWarner Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3404508
Entity Address, Address Line One	3850 Hamlin Road
Entity Address, City or Town	Auburn Hills
Entity Address, State or Province	MI
Entity Address, Postal Zip Code	48326
City Area Code	248
Local Phone Number	754-9200
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	true
Document Financial Statement Restatement Recovery Analysis [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 7
Entity Common Stock, Shares Outstanding		218,684,028
Documents Incorporated by Reference	DOCUMENTS INCORPORATED BY REFERENCE Portions of the following documents are incorporated herein by reference into the Part of the Form 10-K indicated. Document Part of Form 10-K into which incorporated Portions of the BorgWarner Inc. Proxy Statement for the 2025 Annual Meeting of Stockholders Part III
Entity Central Index Key	0000908255
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Common Stock, par value $0.01 per share
Document Information [Line Items]
Title of each class	Common Stock, par value $0.01 per share
Trading Symbol(s)	BWA
Name of each exchange on which registered	NYSE
1.00% Senior Notes due 2031
Document Information [Line Items]
Title of each class	1.00% Senior Notes due 2031
Trading Symbol(s)	BWA31
Name of each exchange on which registered	NYSE

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
Audit Information [Abstract]
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Detroit, Michigan
Auditor Firm ID	238

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 2,094	$ 1,534
Receivables, net	2,843	3,109
Inventories, net	1,251	1,313
Prepayments and other current assets	333	261
Total current assets	6,521	6,217
Property, plant and equipment, net	3,575	3,783
Investments and long-term receivables	356	364
Goodwill	2,357	3,013
Other intangible assets, net	474	564
Other non-current assets	710	512
Total assets	13,993	14,453
LIABILITIES AND EQUITY
Notes payable and other short-term debt	398	73
Accounts payable	2,032	2,546
Other current liabilities	1,216	1,148
Total current liabilities	3,646	3,767
Long-term debt	3,763	3,707
Retirement-related liabilities	137	146
Other non-current liabilities	741	767
Total liabilities	8,287	8,387
Commitments and contingencies
Capital stock:
Preferred stock, $0.01 par value; authorized shares: 5,000,000; none issued and outstanding	0	0
Capital in excess of par value	2,674	2,689
Retained earnings	6,412	6,152
Accumulated other comprehensive loss	(1,020)	(828)
Common stock held in treasury, at cost: (2024 - 64,906,002 shares; 2023 - 53,792,081 shares)	(2,537)	(2,188)
Total BorgWarner Inc. stockholders’ equity	5,532	5,828
Noncontrolling interest	174	238
Total equity	5,706	6,066
Total liabilities and equity	13,993	14,453
Issued common stock
Capital stock:
Common stock	3	3
Nonvoting Common Stock
Capital stock:
Common stock	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2024	Dec. 31, 2023
Preferred stock, par values (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized ( in shares)	5,000,000	5,000,000
Preferred stock, shares issued ( in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollar per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	390,000,000	390,000,000
Common stock issued (in shares)	283,575,876	283,575,876
Common stock outstanding (in shares)	218,669,874	229,783,795
Treasury stock (in shares)	64,906,002	53,792,081
Nonvoting Common Stock
Common stock, par value (in dollar per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	25,000,000	25,000,000
Common stock issued (in shares)	0	0
Common stock outstanding (in shares)	0	0

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Net sales	$ 14,086	$ 14,198	$ 12,635
Cost of sales	11,438	11,630	10,266
Gross profit	2,648	2,568	2,369
Selling, general and administrative expenses - R&D, net	1,350	1,316	1,290
Restructuring expense	74	79	48
Other operating expense (income), net	32	(16)	(8)
Impairment charges	646	29	30
Operating income	546	1,160	1,009
Equity in affiliates’ earnings, net of tax	(27)	(30)	(28)
Unrealized and realized loss on equity and debt securities	(1)	(174)	(73)
Interest expense, net	(20)	(10)	(51)
Other postretirement expense	13	15	0
Earnings from continuing operations before income taxes and noncontrolling interest	539	991	913
Provision for income taxes	111	289	195
Net earnings from continuing operations	428	702	718
Net (loss) earnings from discontinued operations	(29)	(7)	308
Net earnings	399	695	1,026
Net earnings from continuing operations attributable to the noncontrolling interest, net of tax	61	70	82
Net earnings attributable to BorgWarner Inc.	338	625	944
Amounts attributable to BorgWarner Inc.:
Net earnings from continuing operations	$ 367	$ 632	$ 636
Basic earnings per share:
Earnings per share from continuing operations — basic (in dollar per share)	$ 1.64	$ 2.71	$ 2.70
(Loss) earnings per share from discontinued operations — basic (in dollars per share)	(0.13)	(0.03)	1.31
Earnings per share attributable to BorgWarner Inc. — basic (in dollar per share)	1.51	2.68	4.01
Diluted earnings per share:
Earnings per share from continuing operations — diluted (in dollar per share)	1.63	2.70	2.69
(Loss) earnings per share from discontinued operations — diluted (in dollars per share)	(0.13)	(0.03)	1.30
Earnings per share attributable to BorgWarner Inc. — diluted (in dollar per share)	$ 1.50	$ 2.67	$ 3.99
Weighted average shares outstanding:
Basic (in shares)	223.5	232.8	235.5
Diluted (in shares)	224.8	234.4	236.8

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net earnings attributable to BorgWarner Inc.		$ 338	$ 625	$ 944
Other comprehensive (loss) income
Foreign currency translation adjustments		(163)	31	(327)
Hedge instruments	[1]	(37)	24	4
Postretirement defined benefit plans	[1]	8	(7)	(2)
Total other comprehensive (loss) income attributable to BorgWarner Inc.		(192)	48	(325)
Comprehensive income attributable to BorgWarner Inc	[1]	146	673	619
Net earnings attributable to noncontrolling interest, net of tax		61	70	82
Other comprehensive (loss) income attributable to the noncontrolling interest	[1]	(14)	(8)	(24)
Comprehensive income		$ 193	$ 735	$ 677
[1] Net of income taxes.

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
OPERATING ACTIVITIES OF CONTINUING OPERATIONS
Net cash provided by operating activities (see Note 25)	$ 1,382	$ 1,397	$ 1,180
INVESTING ACTIVITIES OF CONTINUING OPERATIONS
Capital expenditures, including tooling outlays	(671)	(832)	(622)
Customer advances related to capital expenditures	18	0	0
Payments for businesses acquired, net of cash acquired	0	(109)	(312)
Proceeds from sale of businesses, net of cash divested	8	9	27
Proceeds from settlement of net investment hedges, net	46	25	40
(Payments for) proceeds from investments in debt and equity securities, net	(8)	284	(473)
Proceeds from asset disposals and other, net	4	30	20
Net cash used in investing activities from continuing operations	(603)	(593)	(1,320)
FINANCING ACTIVITIES OF CONTINUING OPERATIONS
Additions to debt	1,008	18	5
Repayments of debt, including current portion	(525)	(451)	(13)
Payments for debt issuance costs	(9)	(3)	0
Payments for purchase of treasury stock	(402)	(177)	(240)
Payments for stock-based compensation items	(23)	(25)	(18)
Payments for business acquired, net of cash acquired	4
Payments for contingent consideration	(1)	(23)	0
Purchase of noncontrolling interest	0	(15)	(56)
Net distribution from PHINIA	0	401	0
Dividends paid to BorgWarner stockholders	(98)	(130)	(161)
Dividends paid to noncontrolling stockholders	(113)	(116)	(81)
Net cash used in financing activities from continuing operations	(167)	(521)	(564)
CASH FLOWS FROM DISCONTINUED OPERATIONS
Operating activities of discontinued operations	(30)	(85)	390
Investing activities of discontinued operations	0	(86)	(99)
Financing activities of discontinued operations	0	84	(3)
Net cash (used in) provided by discontinued operations	(30)	(87)	288
Effect of exchange rate changes on cash	(22)	0	(90)
Net increase (decrease) in cash, cash equivalents and restricted cash	560	196	(506)
Cash, cash equivalents and restricted cash at beginning of year	1,534	1,338	1,844
Cash, cash equivalents and restricted cash at end of year	2,094	1,534	1,338
Less: Cash and cash equivalents of discontinued operations at end of year	0	0	255
Cash and cash equivalents	$ 2,094	$ 1,534	$ 1,083

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Millions	Total	Total Equity	Issued common stock	Common stock held in treasury	Common stock held in treasury Restricted Stock	Capital in excess of par value	Retained earnings		Accumulated other comprehensive income (loss)	Noncontrolling interests
Beginning balance (in shares) at Dec. 31, 2021			283,575,876
Beginning Balance, common stock held in treasury (in shares) at Dec. 31, 2021				(43,798,984)
Beginning balance at Dec. 31, 2021		$ 7,262	$ 3	$ (1,812)		$ 2,637	$ 6,671		$ (551)	$ 314
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared		(246)					(161)	[1]		(85)	[1]
Net issuance for executive stock plan (in shares)				181,212
Net issuance for executive stock plan		32		$ 4		28
Net issuance of restricted stock (in shares)					583,021
Net issuance of restricted stock		25			$ 16	9
Purchases of treasury stock (shares)				(6,418,914)
Purchase of treasury stock		(240)		$ (240)
Purchase of noncontrolling interest		(2)				1				(3)
Net earnings	$ 944	1,026					944			82
Other comprehensive (loss) income	(325)								(325)
Other comprehensive (loss) income	677	(349)								(24)
Spin-Off of PHINIA	0
Ending balance (in shares) at Dec. 31, 2022			283,575,876
Ending Balance, common stock held in treasury (in shares) at Dec. 31, 2022				(49,453,665)
Ending balance at Dec. 31, 2022		7,508	$ 3	$ (2,032)		2,675	7,454		(876)	284
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared		(225)					(130)	[1]		(95)	[1]
Net issuance for executive stock plan (in shares)				238,708
Net issuance for executive stock plan		14		$ 5		9
Net issuance of restricted stock (in shares)					687,799
Net issuance of restricted stock		23			$ 16	7
Purchases of treasury stock (shares)				(5,264,923)
Purchase of treasury stock		(177)		$ (177)
Purchase of noncontrolling interest		(15)				(2)				(13)
Net earnings	625	695					625			70
Other comprehensive (loss) income	48								64
Other comprehensive (loss) income	735	56								(8)
Spin-Off of PHINIA	$ 10	(1,813)					(1,797)		(16)
Ending balance (in shares) at Dec. 31, 2023	283,575,876		283,575,876
Ending Balance, common stock held in treasury (in shares) at Dec. 31, 2023	(53,792,081)			(53,792,081)
Ending balance at Dec. 31, 2023	$ 6,066	6,066	$ 3	$ (2,188)		2,689	6,152		(828)	238
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends declared		(209)					(98)	[1]		(111)	[1]
Net issuance for executive stock plan (in shares)				458,585
Net issuance for executive stock plan		14		$ 21		(7)
Net issuance of restricted stock (in shares)					731,669
Net issuance of restricted stock		26			$ 34	(8)
Purchases of treasury stock (shares)				(12,304,175)
Purchase of treasury stock		(404)		$ (404)
Net earnings	338	399					338			61
Other comprehensive (loss) income	(192)								(192)
Other comprehensive (loss) income	193	(206)								(14)
Spin-Off of PHINIA	$ 5	20					20
Ending balance (in shares) at Dec. 31, 2024	283,575,876		283,575,876
Ending Balance, common stock held in treasury (in shares) at Dec. 31, 2024	(64,906,002)			(64,906,002)
Ending balance at Dec. 31, 2024	$ 5,706	$ 5,706	$ 3	$ (2,537)		$ 2,674	$ 6,412		$ (1,020)	$ 174
[1] Dividends declared relate to BorgWarner common stock.

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Stockholders' Equity [Abstract]
Common stock, dividends, declared (in dollars per share)	$ 0.44	$ 0.56	$ 0.68

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following paragraphs briefly describe the Company’s significant accounting policies. Basis of presentation Certain prior period amounts have been reclassified to conform to current period presentation. Additionally, in the year ended December 31, 2024, the Company recognized a $19 million increase in Net earnings attributable to BorgWarner Inc. in the Consolidated Statement of Operations for the correction of misstatements related to certain accruals, of which $12 million related to 2023 (the remainder relates to periods prior to 2023). The Company has evaluated the effect of these out-of-period adjustments for the current reporting period, as well as on the previous interim and annual periods in which they should have been recognized, and concluded that these adjustments are not material to any of the periods affected. As discussed in the Introduction above, as a result of the Spin-Off, t he historical results of operations and the financial position of PHINIA for periods prior to the Spin-Off are presented as discontinued operations in these Consolidated Financial Statements. Refer to Note 26, “Discontinued Operations,” to the Consolidated Financial Statements for more information. The Company’s Consolidated Financial Statements reflect the results of acquisitions following the date of the respective acquisition. Refer to Note 2, “Acquisitions and Dispositions,” to the Consolidated Financial Statements for more information. Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the accompanying notes, as well as the amounts of revenues and expenses reported during the periods covered by these financial statements and accompanying notes. Actual results could differ from those estimates. Principles of consolidation The Consolidated Financial Statements include all majority-owned subsidiaries in which the Company has a controlling financial interest. All inter-company balances and transactions have been eliminated in consolidation. Change in accounting method Historically, certain of the Company’s U.S. inventories (approximately 14% of the Company’s total inventories at December 31, 2023) were accounted for under the last-in, first-out (“LIFO”) method of accounting. During the fourth quarter of 2024, the Company changed the inventory valuation method for those locations from LIFO to the first-in, first-out (“FIFO”) method. FIFO was deemed a preferable method as it better aligns with the accounting practices of the Company’s peers, it more accurately reflects the current value and physical flow of inventory, and it harmonizes the accounting method for the majority of inventories across the Company. Retroactive application of the change to prior periods did not have a material impact on any prior periods’ Consolidated Financial Statements, and therefore the Company recognized the cumulative effect of the change in the fourth quarter of 2024 as a reduction in Cost of sales of $29 million in the Consolidated Statements of Operations, which resulted in an increase in income before taxes of $29 million ($22 million after tax) for the three months ended December 31, 2024 with a corresponding increase in Inventories, net within the Consolidated Balance Sheet as of December 31, 2024. Joint ventures and equity securities The Company has investments in three unconsolidated joint ventures, NSK-Warner K.K. , Turbo Energy Private Limited, and Fast Warner Intelligent Control Systems Co., Ltd of which the Company owns 50%, 32.6%, and 49.0%, respectively. These joint ventures are non-controlled affiliates in which the Company exercises significant influence but does not have a controlling financial interest and, therefore, are accounted for under the equity method. Generally, under the equity method, the Company’s original investments in these joint ventures are recorded at cost and subsequently adjusted by the Company’s share of equity in income or losses. The Company monitors its equity method investments for indicators of other-than-temporary declines in fair value on an ongoing basis. If such a decline has occurred, an impairment charge is recorded, which is measured as the difference between the carrying value and the estimated fair value. The Company’s investment in these non-controlled affiliates is included within Investments and long-term receivables in the Consolidated Balance Sheets. The Company’s share of equity in income or losses is included in Equity in affiliates’ earnings, net of tax in the Consolidated Statements of Operations. The Company also has certain investments for which it does not have the ability to exercise significant influence (generally when ownership interest is less than 20%). The Company’s investment in these equity securities is included within Investments and long-term receivables in the Consolidated Balance Sheet. Refer to Note 10, “Other Current and Non-Current Assets,” to the Consolidated Financial Statements for more information. Interests in privately held companies that do not have readily determinable fair values are accounted for using the measurement alternative under ASC Topic 321, “Investments - Equity Securities,” which includes monitoring on an ongoing basis for indicators of impairments or upward adjustments. These equity securities are measured at cost less impairments, adjusted for observable price changes in orderly transactions for the identical or similar investment of the same issuer. If the Company determines that an indicator of impairment or upward adjustment is present, an adjustment is recorded, which is measured as the difference between carrying value and estimated fair value. Estimated fair value is generally determined using an income approach on discounted cash flows or negotiated transaction values. Equity securities that have readily determinable fair values are measured at fair value. Equity securities that do not have a readily determinable fair value and which provide a net asset value (“NAV”) or its equivalent, are valued using NAV as a practical expedient. Changes in fair value and NAV are recorded in Unrealized and realized loss on equity and debt securities in the Consolidated Statements of Operations. Debt securities During 2022, the Company invested $500 million in convertible debt securities of Wolfspeed, Inc. (“Wolfspeed”) as part of a strategic partnership with Wolfspeed. The Company elected to classify the debt security as trading and remeasured the investment quarterly using fair value in accordance with ASC Topic 320, “Investments.” In 2023, the investment in Wolfspeed was disposed and the Company recorded a loss in Unrealized and realized loss on equity and debt securities in the Consolidated Statements of Operations. Prior to the disposition, the changes in fair value were recorded in Unrealized and realized loss on equity and debt securities in the Consolidated Statements of Operations. Business combinations In accordance with ASC Topic 805, “Business Combinations,” acquisitions are recorded using the acquisition method of accounting. The Company includes the operating results of acquired entities from their respective dates of acquisition. The Company recognizes and measures the identifiable assets acquired, liabilities assumed, and any non-controlling interest at the acquisition date fair value. Various valuation techniques are used to determine the fair value of intangible assets, with the primary techniques being forms of the income approach, specifically the relief-from-royalty and multi-period excess earnings valuation methods. Under these valuation approaches, the Company is required to make estimates and assumptions from a market participant perspective that may include revenue growth rates, estimated earnings, royalty rates, obsolescence factors, contributory asset charges, customer attrition and discount rates. The excess, if any, of total consideration transferred in a business combination over the fair value of identifiable assets acquired, liabilities assumed and any non-controlling interest is recognized as goodwill. Costs incurred as a result of a business combination other than costs related to the issuance of debt or equity securities are recorded in the period the costs are incurred. During the measurement period, which may be up to one year from the acquisition date, the Company may record adjustments to assets acquired and liabilities assumed with the corresponding offset to goodwill. Revenue recognition Revenue is recognized when performance obligations under the terms of a contract are satisfied, which generally occurs with the transfer of control of the products. For most products, transfer of control occurs upon shipment or delivery; however, a limited number of customer arrangements for highly customized products with no alternative use provide the Company with the right to payment during the production process. As a result, for these limited arrangements, revenue is recognized as goods are produced and control transfers to the customer using the input cost-to-cost method. Revenue is measured at the amount of consideration the Company expects to receive in exchange for transferring the goods. Although the Company may enter into long-term supply arrangements with its major customers, the prices and volumes are not fixed over the life of the arrangements, and a contract does not exist for purposes of applying ASC Topic 606, “Revenue from Contracts with Customers,” until volumes are contractually known. Sales incentives and allowances (including returns) are recognized as a reduction to revenue at the time of the related sale. The Company estimates the allowances based on an analysis of historical experience. Taxes assessed by a governmental authority collected by the Company concurrent with a specific revenue-producing transaction are excluded from net sales. Shipping and handling fees billed to customers are included in sales, while costs of shipping and handling are included in cost of sales. The Company has elected to apply the accounting policy election available under ASC Topic 606 and accounts for shipping and handling activities as a fulfillment cost. The Company has a limited number of arrangements with customers where the price paid by the customer is dependent on the volume of product purchased over the term of the arrangement. In other arrangements, the Company will provide a rebate to customers based on the volume of products purchased during the course of the arrangement. The Company estimates the volumes to be sold over the term of the arrangement and recognizes revenue based on the estimated amount of consideration to be received from these arrangements. The Company continually seeks business development opportunities and at times provides customer incentives for new program awards. The Company evaluates the underlying economics of each amount of consideration payable to a customer to determine the proper accounting by understanding the reasons for the payment, the rights and obligations resulting from the payment, the nature of the promise in the contract, and other relevant facts and circumstances. When the Company determines that the payments are incremental and incurred only if the new business is obtained and expects to recover these amounts from the customer over the term of the new business arrangement, the Company capitalizes these amounts. The Company recognizes a reduction to revenue as products that the upfront payments are related to are transferred to the customer, based on the total amount of products expected to be sold over the term of the arrangement (generally three Refer to Note 3, “Revenue from Contracts with Customers,” to the Consolidated Financial Statements for more information. Cost of sales The Company includes materials, direct labor and manufacturing overhead within cost of sales. Manufacturing overhead is comprised of indirect materials, indirect labor, factory operating costs, warranty costs and other such costs associated with manufacturing products for sale. Cash and cash equivalents Cash and cash equivalents are valued at fair market value. It is the Company's policy to classify all highly liquid investments with original maturities of three months or less as cash and cash equivalents. Cash and cash equivalents are maintained with several financial institutions. Deposits held with banks may exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions of reputable credit and, therefore, bear minimal risk. Restricted cash Restricted cash includes amounts designated for uses other than current operations and is legally restricted as to use or withdrawal. As of December 31, 2024 and 2023, the Company had no restricted cash. Receivables, net and long-term receivables Accounts receivable and long-term receivables are stated at cost less an allowance for credit losses. An allowance for credit losses is recorded for amounts that may become uncollectible in the future. The allowance for credit losses is an estimate based on expected losses, current economic and market conditions, and a review of the current status of each customer’s accounts receivable. Inventories, net Inventory is measured using FIFO or average-cost methods at the lower of cost or net realizable value. As of December 31, 2023, and through the third quarter of 2024, approximately 14% of the Company’s inventories were accounted for under the LIFO method of accounting. During the fourth quarter of 2024, the Company changed the method of accounting for these remaining LIFO inventories to FIFO. Refer to the change in accounting method discussion above and Note 9, “Inventories, Net,” to the Consolidated Financial Statements for more information. Pre-production costs related to long-term supply arrangements Engineering, research and development and other design and development costs for products sold on long-term supply arrangements are expensed as incurred unless the Company has a contractual guarantee for reimbursement from the customer. Costs for molds, dies and other tools used to make products sold on long-term supply arrangements for which the Company has title to the assets are capitalized in property, plant and equipment and amortized to cost of sales over the shorter of the term of the arrangement or over the estimated useful lives of the assets, typically three Property, plant and equipment, net Property, plant and equipment is valued at cost less accumulated depreciation. Expenditures for maintenance, repairs and renewals of relatively minor items are generally charged to expense as incurred. Renewals of significant items are capitalized. Depreciation is generally computed on a straight-line basis over the estimated useful lives of the assets. Useful lives for buildings range from 15 to 40 years, and useful lives for machinery and equipment range from three Impairment of long-lived assets, including definite-lived intangible assets The Company reviews the carrying value of its long-lived assets, whether held for use or disposal, including other amortizing intangible assets, when events and circumstances warrant such a review under ASC Topic 360, “Property, Plant and Equipment.” In assessing long-lived assets for an impairment loss, assets are grouped with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. In assessing long-lived assets for impairment, management generally considers individual facilities to be the lowest level for which identifiable cash flows are largely independent. A recoverability review is performed using the undiscounted cash flows if there is a triggering event. If the undiscounted cash flow test for recoverability identifies a possible impairment, management will perform a fair value analysis. Management determines fair value under ASC Topic 820, “Fair Value Measurement,” using the appropriate valuation technique of market, income or cost approach. If the carrying value of a long-lived asset is considered impaired, an impairment charge is recorded for the amount by which the carrying value of the long-lived asset exceeds its fair value. Management believes that the estimates of future cash flows and fair value assumptions are reasonable; however, changes in assumptions underlying these estimates could affect the valuations. Significant judgments and estimates used by management when evaluating long-lived assets for impairment include (i) an assessment as to whether an adverse event or circumstance has triggered the need for an impairment review; (ii) undiscounted future cash flows generated by the asset; and (iii) fair valuation of the asset. During the year ended December 31, 2024, the Company recorded charges of $69 million related to certain property, plant and equipment at locations in the Company’s Battery & Charging Systems and PowerDrive Systems reporting segments. In the fourth quarter of 2024, the Company noted deterioration in the forecast of its PowerDrive Systems and Battery & Charging Systems businesses due to further decreases in demand for eProducts as compared to the Company’s expectations as a result of electric vehicle adoption volatility across different regions. This was viewed as a triggering event, and as a result, individual facilities were tested for recoverability. These impairment charges related to locations that failed a recoverability test or where management had initiated plans to liquidate certain assets. During the year ended December 31, 2023, the Company recorded charges of $29 million, primarily related to the write down of a customer incentive asset, a service and lease agreement termination and impairment of certain property, plant and equipment. During the year ended December 31, 2022, the Company recorded an impairment charge of $30 million to remove the AKASOL indefinite-lived trade name as the Company no longer plans to utilize this trade name in the business. The charges referenced above were recognized in Impairment charges within the Consolidated Statements of Operations. Goodwill and other intangible assets During the fourth quarter of each year, the Company tests goodwill for impairment by either performing a qualitative assessment or a quantitative analysis. In addition, the Company may test goodwill in between annual test dates if an event occurs or circumstances change that could indicate it is more-likely-than-not that the fair value of a reporting unit is below its carrying value. The qualitative assessment evaluates various events and circumstances, such as macroeconomic conditions, industry and market conditions, cost factors, relevant events and financial trends, that may impact a reporting unit's fair value. Using this qualitative assessment, the Company determines whether it is more-likely-than-not the reporting unit's fair value exceeds its carrying value. If it is determined that it is not more-likely-than-not the reporting unit's fair value exceeds the carrying value, or upon consideration of other factors, including recent acquisition, restructuring or disposal activity or to refresh the fair values, the Company performs a quantitative goodwill impairment analysis. The Company has definite-lived intangible assets related to patents and developed technology, customer relationships and trade names. The Company amortizes definite-lived intangible assets over their estimated useful lives. The Company also has intangible assets related to acquired trade names that are classified as indefinite-lived when there are no foreseeable limits on the periods of time over which they are expected to contribute cash flows. Costs to renew or extend the term of acquired intangible assets are recognized as expense as incurred. Similar to goodwill, the Company can elect to perform the impairment test for indefinite-lived intangibles other than goodwill (primarily trade names) using a qualitative analysis, considering similar factors as outlined in the goodwill discussion, to determine if it is more-likely-than-not that the fair value of the trade names is less than the respective carrying values. If the Company elects to perform or is required to perform a quantitative analysis, the test consists of a comparison of the fair value of the indefinite-lived intangible asset to the carrying value of the asset as of the impairment testing date. The Company estimates the fair value of indefinite-lived intangibles using the relief-from-royalty method, which it believes is an appropriate and widely used valuation technique for such assets. The fair value derived from the relief-from-royalty method is measured as the discounted cash flow savings realized from owning such trade names and not being required to pay a royalty for their use. During the year ended December 31, 2024, the Company recorded charges of $577 million primarily related to the goodwill at PowerDrive Systems and Battery & Charging Systems. These charges were recognized in Impairment charges within the Consolidated Statements of Operations. Refer to Note 12, “Goodwill and Other Intangibles,” to the Consolidated Financial Statements for more information. Assets and liabilities held for sale The Company classifies assets and liabilities (disposal groups) to be sold as held for sale in the period in which all of the following criteria are met: (1) management, having the authority to approve the action, commits to a plan to sell the disposal group; (2) the disposal group is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such disposal groups; (3) an active program to locate a buyer and other actions required to complete the plan to sell the disposal group have been initiated; (4) the sale of the disposal group is probable, and transfer of the disposal group is expected to qualify for recognition as a completed sale within one year, except if events or circumstances beyond the Company’s control extend the period of time required to sell the disposal group beyond one year; (5) the disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and (6) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. The Company initially measures a disposal group that is classified as held for sale at the lower of its carrying value or fair value less any costs to sell. Any loss resulting from this measurement is recognized in the period in which the held for sale criteria are met. Conversely, gains are not recognized on the sale of a disposal group until the date of sale. The Company assesses the fair value of a disposal group, less any costs to sell, each reporting period it remains classified as held for sale and reports any subsequent changes as an adjustment to the carrying value of the disposal group, as long as the new carrying value does not exceed the carrying value of the disposal group at the time it was initially classified as held for sale. Additionally, depreciation is not recorded during the period in which the long-lived assets, included in the disposal group, are classified as held for sale. Upon determining that a disposal group meets the criteria to be classified as held for sale, the Company reports the assets and liabilities of the disposal group, if material, in the line items assets held for sale and liabilities held for sale in the Consolidated Balance Sheets. Product warranties The Company provides warranties on some, but not all, of its products. The warranty terms are typically from one Refer to Note 13, “Product Warranty,” to the Consolidated Financial Statements for more information. Other loss accruals and valuation allowances The Company has numerous other loss exposures, such as customer claims, workers’ compensation claims, litigation and recoverability of certain assets. Establishing loss accruals or valuation allowances for these matters requires the use of estimates and judgment in regard to the risk exposure and ultimate realization. The Company estimates losses using consistent and appropriate methods; however, changes to its assumptions could materially affect the recorded accrued liabilities for loss or asset valuation allowances. Environmental contingencies The Company accounts for environmental costs in accordance with ASC Topic 450, “Contingencies.” Costs related to environmental assessments and remediation efforts at operating facilities are accrued when it is probable that a liability has been incurred and the amount of that liability can be reasonably estimated. Estimated costs are recorded at undiscounted amounts, based on experience and assessments and are regularly evaluated. The liabilities are recorded in Other current and Other non-current liabilities in the Company’s Consolidated Balance Sheets. Refer to Note 21, “Contingencies,” to the Consolidated Financial Statements for more information. Government grants The Company periodically receives government grants representing assistance provided by a government. These government grants are generally received in cash and typically provide reimbursement related to acquisition of property and equipment, product development or local governmental economic relief. The government grants are generally amortized using a systematic and rational method over the life of the grant. As of December 31, 2024, the Company recorded government grant related liabilities of $22 million in Other current liabilities Other non-current liabilities Selling, general and administrative expenses Derivative financial instruments The Company recognizes that certain normal business transactions and foreign currency operations generate risk. Examples of risks include exposure to foreign currency exchange rate risk related to transactions denominated in currencies other than the functional currency, changes in commodity costs and interest rates. It is the objective of the Company to assess the impact of these transaction risks and offer protection from selected risks through various methods, including financial derivatives. Virtually all derivative instruments held by the Company are designated as hedges, have high correlation with the underlying exposure and are highly effective in offsetting underlying price movements. Accordingly, gains and losses from changes in qualifying hedge fair values are matched with the underlying transactions. Hedge instruments are generally reported gross, with no right to offset, on the Consolidated Balance Sheets at their fair value based on quoted market prices for contracts with similar maturities. The Company does not engage in any derivative transactions for purposes other than hedging specific operational risks. Refer to Note 17, “Financial Instruments,” to the Consolidated Financial Statements for more information. Foreign currency The financial statements of foreign subsidiaries are translated to U.S. Dollars using the period-end exchange rate for assets and liabilities and an average exchange rate for each period for revenues, expenses and capital expenditures. The local currency is the functional currency for substantially all of the Company's foreign subsidiaries. Translation adjustments for foreign subsidiaries are recorded as a component of accumulated other comprehensive income (loss) in equity. The Company recognizes transaction gains and losses arising from fluctuations in currency exchange rates on transactions denominated in currencies other than the functional currency in earnings as incurred. Refer to Note 20, “Accumulated Other Comprehensive Loss,” to the Consolidated Financial Statements for more information. Postretirement defined benefits The Company’s defined benefit pension and other postemployment benefit plans are accounted for in accordance with ASC Topic 715, “Compensation - Retirement Benefits.” Disability, early retirement and other postemployment benefits are accounted for in accordance with ASC Topic 712, “Compensation - Nonretirement Postemployment Benefits.” Pensions and other postemployment benefit costs and related liabilities and assets are dependent upon assumptions used in calculating such amounts. These assumptions include discount rates, expected returns on plan assets, health care cost trends, compensation and other factors. In accordance with GAAP, actual results that differ from the assumptions used are accumulated and amortized over future periods, and accordingly, generally affect recognized expense in future periods. Refer to Note 18, “Retirement Benefit Plans,” to the Consolidated Financial Statements for more information. Restructuring Restructuring costs may occur when the Company takes action to exit or significantly curtail a part of its operations or implements a reorganization that affects the nature and focus of operations. A restructuring charge can consist of severance costs associated with reductions to the workforce, costs to terminate an operating lease or contract, professional fees and other costs incurred related to the implementation of restructuring activities. The Company generally records costs associated with voluntary separations at the time of employee acceptance. Costs for involuntary separation programs are recorded when management has approved the plan for separation, the employees are identified and aware of the benefits to which they are entitled and it is unlikely that the plan will change significantly. When a plan of separation requires approval by or consultation with the relevant labor organization or government, the costs are recorded upon agreement. Costs associated with benefits that are contingent on the employee continuing to provide service are expensed over the required service period. Refer to Note 4, “Restructuring,” to the Consolidated Financial Statements for more information. Income taxes In accordance with ASC Topic 740, “Income Taxes,” the Company’s income tax expense is calculated based on expected income and statutory tax rates in the various jurisdictions in which the Company operates and requires the use of management’s estimates and judgments. Accounting for income taxes is complex, in part because the Company conducts business globally and, therefore, files income tax returns in numerous tax jurisdictions. Management judgment is required in determining the Company’s worldwide provision for income taxes and recording the related assets and liabilities, including accruals for unrecognized tax benefits and assessing the need for valuation allowances. The determination of accruals for unrecognized tax benefits includes the application of complex tax laws in a multitude of jurisdictions across the Company’s global operations. Management judgment is required in determining the gross unrecognized tax benefits’ related liabilities. In the ordinary course of the Company’s business, there are many transactions and calculations where the ultimate tax determination is less than certain. Accruals for unrecognized tax benefits are established when, despite the belief that tax positions are supportable, there remain certain positions that do not meet the minimum probability threshold, which is a tax position that is more-likely-than-not to be sustained upon examination by the applicable taxing authority. The Company records valuation allowances to reduce the carrying value of deferred tax assets to amounts that it expects are more-likely-than-not to be realized. The Company assesses existing deferred tax assets, net operating losses and tax credit carryforwards by jurisdiction and expectations of its ability to utilize these tax attributes through a review of past, current and estimated future taxable income and tax planning strategies. Refer to Note 7, “Income Taxes,” to the Consolidated Financial Statements for more information. Correction to previously issued financial statements Certain prior period footnote disclosures have been corrected as compared to amounts disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. These corrections relate to footnote disclosures only and have no impact on the Compan

ACQUISITIONS AND DISPOSITIONS

ACQUISITIONS AND DISPOSITIONS	12 Months Ended
	Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
ACQUISITIONS AND DISPOSITIONS	ACQUISITIONS AND DISPOSITIONS Acquisitions In accordance with ASC Topic 805, “Business Combinations,” acquisitions are recorded using the acquisition method of accounting. The Company recognizes and measures the acquisition date fair value of the identifiable assets acquired, liabilities assumed, and any non-controlling interest using a range of methodologies as indicated by generally accepted valuation practices. Various valuation techniques are used to determine the fair value of intangible assets, with the primary techniques being forms of the income approach, specifically the relief-from-royalty and multi-period excess earnings valuation methods. Under these valuation approaches, the Company is required to make estimates and assumptions from a market participant perspective and may include revenue growth rates, estimated earnings, royalty rates, obsolescence factors, contributory asset charges, customer attrition and discount rates. For each acquisition disclosed below, management used a third-party valuation firm to assist in the determination of the provisional purchase accounting fair values; however, management ultimately oversees the third-party valuation firm to ensure that the transaction-specific assumptions are appropriate for the Company. Due to the insignificant size of the 2023 and 2022 acquisitions, both individually and in the aggregate, relative to the Company, supplemental pro forma financial information for the current and prior reporting periods is not provided. Eldor Corporation’s Electric Hybrid Systems Business On December 1, 2023, the Company completed its acquisition of the electric hybrid systems business segment of Eldor Corporation (“Eldor”), which is headquartered in Italy. The Company expects the acquisition to complement its existing eProducts by enhancing the Company’s engineering capabilities in power electronics. The Company pa id €72 million ($78 million) at closing and is obligated to remit up to €175 million ($191 million) of earn-out payments that could be paid over the two years following closing. The earn-out payments were contingent upon booked business for future periods from new customer awards . The Company’s estimate at closing indicated that the minimum threshold for the earn-out target will not be achieved, thus no amount of the potential earn-out payment was included in the purchase consideration. As of December 31, 2024, the respective earn-out periods have concluded, and the Company’s determined that no earn-out payment will be due; thus, no amount is included in the Company’s Consolidated Balance Sheet. The purchase price was allocated on a provisional basis as of December 1, 2023. Assets acquired and liabilities assumed were recorded at estimated fair values based on management’s estimates, available information, and supportable assu mptions that management considered reasonable. The Company subsequently finalized its valuation of the assets and liabilities of the Eldor acquisition during the fourth quarter of 2024 and the estimated fair values of assets acquired and liabilities assumed amounted to total asse ts of $86 million, including goodwill and intangibles of $27 million, and liabilities of $8 million. These final amounts were not materially different than the estimated values recorded on December 1, 2023. Any excess of the purchase price over the estimated fair value of net assets was recognized as goodwill. Goodwill of $20 million was recorded within the Company’s PowerDrive Systems segment. Goodwill consists of the Company’s expected future eco nomic benefits that will be realized from expanding the Company’s elec tric vehicle portfolio as electric vehicle production continues to increase. Goodwill is not deductible for tax purposes in Italy. In connection with the acquisition, the Company recorded $7 million for intangible assets related to developed technology with an estimated life of 6 years. Identifiable intangible assets were valued using the market approach. The impact of the Eldor acquisition on net sales and net earnings was immaterial for the year ended December 31, 2023. Hubei Surpass Sun Electric Charging Business On March 1, 2023, the Company completed its acquisition of 100% of the electric vehicle solution, smart grid and smart energy businesses (“SSE”) of Hubei Surpass Sun Electric, pursuant to an Equity Transfer Agreement. The acquisition is expected to complement the Company’s existing European and North American charging footprint by adding a presence in China. The total consideration was ¥288 million ($42 million), including ¥268 million ($39 million) of base purchase price and ¥20 million ($3 million) of estimated earn-out payments. The Company paid ¥217 million ($31 million) of base purchase price in the year ended December 31, 2023. The Company paid ¥25 million ($4 million) during the year ended December 31, 2024. In accordance with ASC Topic 230, since the payments made in 2024 were not soon after the acquisition close date, they are recorded as a financing activity in the Company’s Consolidated Statement of Cash Flows. Of the remaining ¥26 million ($4 million) of base purchase price, ¥6 million ($1 million) is payable by March 31, 2025 and is recorded in Other current liabilities in the Company’s Consolidated Balance Sheet as of December 31, 2024. The remaining ¥20 million ($3 million) of base purchase price is payable before October 31, 2025 a nd is recorded in Other current liabilities in the Company’s Consolidated Balance Sheet as of December 31, 2024. Pursuant to the agreement, the Company’s obligation to remit up to ¥103 million ($15 million) of earn-out payments is contingent upon the achievement of certain revenue and pre-tax profit margin targets in 2023 and 2024 as well as the retention of key employees during the same time period. As of December 31, 2024, the Company’s estimate of the earn-out payments was approximately ¥20 million ($3 million), of which half was paid during the year end December 31, 2024, and the other half is recorded in Other current liabilities in the Company’s Consolidated Balance Sheet. The purchase price was allocated on a provisional basis as of March 1, 2023. Assets acquired and liabilities assumed were recorded at estimated fair values based on management’s estimates, available information, and supportable assumptions that management considered reasonable. The Company subsequently finalized its valuation of the assets and liabilities of the SSE acquisition during the third quarter of 2023 and the estimated fair values of assets acquired and liabilities assumed amounted to total assets of $50 million, including goodwill and intangibles of $5 million, and total liabilities of $8 million. These final amounts were not materially different than the estimated values recorded on March 1, 2023. Any excess of the purchase price over the estimated fair value of net assets was recognized as goodwill. Goodwill of $2 million was recorded within the Company’s Battery & Charging Systems segment. Goodwill consists of the Company’s expected future economic benefits that will be realized from expanding the Company’s electric vehicle products as electric vehicle production continues to increase. Goodwill is not deductible for tax purposes in China. The following table summarizes the other intangible assets acquired: (in millions) Estimated Life Estimated Fair Value Developed technology 5 years $ 2 Customer relationships 6 years 1 Total other intangible assets $ 3 Identifiable intangible assets were valued using the income approach. The impact of the SSE acquisition on net sales and net earnings was immaterial for the year ended December 31, 2023. Drivetek AG On December 1, 2022, the Company completed its acquisition of 100% of Drivetek AG (“Drivetek”), an engineering and product development company located in Switzerland. This acquisition is expected to strengthen the Company’s power electronics capabilities in auxiliary inverters to accelerate the growth of the High Voltage eFan business. The Company paid ₣27 million ($29 million) at closing, and up to ₣10 million ($10 million) could be paid in the form of contingent earn-out payments over the three years following closing. The earn-out payments are contingent upon achievement of estimated future sales targets associated with newly awarded business and future turnover rate targets. During the year ended December 31, 2024, the Company revised its estimate of expected earn-out payments due to reductions in expected awarded business programs and increased headcount turnover. In accordance with ASC Topic 805, the ₣5 million ($6 million) change in estimate was included in Other operating expense (income), net in the Company’s Consolidated Statements of Operations. As of December 31, 2024, the Company’s estimate of the earn-out payments was approximately ₣5 million ($6 million), of which ₣2 million ($3 million) is recorded in Other current liabilities and ₣3 million ($3 million) is recorded in Other non-current liabilities in the Company’s Consolidated Balance Sheet. The impact of the Drivetek acquisition on net sales and net earnings was immaterial for the year ended December 31, 2022. Rhombus Energy Solutions On July 29, 2022, the Company completed its acquisition of 100% of Rhombus Energy Solutions (“Rhombus”), a provider of charging solutions in the North American market, pursuant to the terms of an Agreement and Plan of Merger (the “Agreement”). The acquisition is expected to complement the Company’s existing European charging footprint to accelerate organic growth and adds North American regional presence to its charging business. The Company paid $131 million at closing. Pursuant to the Agreement, the Company is obligated to remit up to $30 million of earn-out payments, payable in 2025, contingent upon achievement of certain sales dollars, sales volume, and gross margin targets. The minimum thresholds for these earn-out targets were not achieved during the earn-out period, which concluded on December 31, 2024, and therefore no amount for the earn-out payments have been included in the purchase consideration or in the Company’s Consolidated Balance Sheet. Additionally, pursuant to the Agreement, the Company is obligated to remit up to $25 million over the three years following closing in key employee retention related payments, which include certain performance targets. The amounts will be accounted for as post-combination expense. The impact of the Rhombus acquisition on net sales and net earnings was immaterial for the year ended December 31, 2022. Santroll Automotive Components On March 31, 2022, the Company completed its acquisition of 100% of Santroll Automotive Components (“Santroll”), a carve-out of Santroll Electric Auto’s eMotor business, pursuant to the terms of an Equity Transfer Agreement (“ETA”). The acquisition is expected to strengthen the Company’s vertical integration, scale and portfolio breadth in light vehicle eMotors while allowing for increased speed to market. The total final consideration was $192 million, including approximately ¥1.0 billion ($152 million) of base purchase price and ¥0.25 billion ($40 million) of originally estimated earn-out payments. The Company paid approximately ¥1.0 billion ($157 million) of base purchase price in the year ended December 31, 2022 and no longer expects to recapture a previously anticipated $5 million of post-closing adjustments, which was recorded in Other operating expense, net during the three months ended March 31, 2023. Pursuant to the ETA, the obligation of the Company to remit up to ¥0.3 billion (approximately $47 million) of earn-out payments was contingent upon achievement of certain sales volume targets and certain estimated future volume targets associated with newly awarded business. During the second quarter of 2023, the Company paid approximately ¥0.2 billion ($24 million) to settle the remaining earn-out liability and related adjustments. The impact of the Santroll acquisition on net sales and net earnings was immaterial for the year ended December 31, 2022. Romeo Power, Inc. In May 2019, the Company invested $50 million in exchange for a 20% equity interest in Romeo Systems, Inc. (“Romeo”), a technology-leading battery module and pack supplier. During the year ended December 31, 2022, the Company recorded a loss of $39 million and liquidated its investment in Romeo shares at a fair value of $31 million. As of March 17, 2022, the Company no longer held any investment in Romeo. In September 2019, the Company and Romeo contributed total equity of $10 million and formed a new joint venture, BorgWarner Romeo Power LLC (“Romeo JV”), in which the Company owned a 60% interest. On October 25, 2021, the Company delivered written notice to Romeo that the Company was electing to exercise its right to put its ownership stake in Romeo JV to Romeo. During the year ended December 31, 2022, the Company recorded a gain of $22 million in Other operating expense (income), net, which represented the difference between the Company’s book value of its interest in Romeo JV compared to the fair value of consideration received. As a result of the sale, the Company has no further rights in or involvement with Romeo JV. Dispositions PHINIA Inc. On July 3, 2023, BorgWarner completed the previously announced Spin-Off of its Fuel Systems and Aftermarket segments by the distribution of 100% of the outstanding common stock of PHINIA to holders of record of common stock of the Company on a pro-rata basis. Each holder of record of common stock of the Company received one share of PHINIA common stock for every five shares of common stock of the Company held on June 23, 2023, the record date for the distribution (“Distribution Date”). In lieu of fractional shares of PHINIA, shareholders of the Company received cash. PHINIA is an independent public company trading under the symbol “PHIN” on the New York Stock Exchange. In connection with the Spin-Off, the Company entered into several agreements with PHINIA on or prior to the Distribution Date that, among other things, provide a framework for the Company’s relationship with PHINIA after the Spin-Off, including a separation and distribution agreement, an employee matters agreement, a tax matters agreement, an intellectual property cross-license agreement and a transition services agreement through which the Company and PHINIA continued to provide certain services to each other following the Spin-Off. In December 2024, t he Company and PHINIA executed an amendment to the original transition services agreement to extend certain engineering services until September 30, 2025. Refer to Note 26, “Discontinued Operations” to the Consolidated Financial Statements for more information. Water Valley

REVENUE FROM CONTRACTS WITH CUS

REVENUE FROM CONTRACTS WITH CUSTOMERS	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	REVENUE FROM CONTRACTS WITH CUSTOMERS The Company manufactures and sells products, primarily to OEMs of light vehicles and, to a lesser extent, to other OEMs of commercial vehicles and off-highway vehicles, to certain tier one vehicle systems suppliers and into the aftermarket. The Company’s payment terms are based on customary business practices and vary by customer type and products offered. The Company has evaluated the terms of its arrangements and determined that they do not contain significant financing components. Generally, revenue is recognized upon shipment or delivery; however, a limited number of the Company’s customer arrangements for its highly customized products with no alternative use provide the Company with the right to payment during the production process. As a result, for these limited arrangements, revenue is recognized as goods are produced and control transfers to the customer using the input cost-to-cost method. The Company recorded a contract asset of $15 million and $18 million at December 31, 2024 and 2023, respectively, for these arrangements. These amounts are reflected in Prepayments and other current assets in the Company’s Consolidated Balance Sheets. In limited instances, certain customers have provided payments in advance of receiving related products, typically at the onset of an arrangement prior to the beginning of production. These contract liabilities are reflected as Other current liabilities and Other non-current liabilities in the Consolidated Balance Sheets and were $13 million and $29 million at December 31, 2024 and $18 million and $10 million at December 31, 2023, respectively. These amounts are reflected as revenue over the term of the arrangement (typically three The Company continually seeks business development opportunities and at times provides customer incentives for new program awards. When the Company determines that the payments are incremental and incurred only if the new business is obtained and expects to recover these amounts from the customer over the term of the new business arrangement, the Company capitalizes these amounts. As of December 31, 2024 and 2023, the Company recorded customer incentive payments of $22 million and $27 million, respectively, in Prepayments and other current assets, and $23 million and $58 million, respectively, in Other non-current assets in the Consolidated Balance Sheets. The Company’s products can be disaggregated by two types: eProducts and Foundational products. eProducts include all products utilized on or for electric vehicles (“EVs”) plus those same products and components that are included in hybrid powertrains whose underlying technologies are adaptable or applicable to those used in or for EVs. Foundational products include all products utilized on internal combustion engines plus those same products and components that are also included in hybrid powertrains. The following table represents a disaggregation of revenue from contracts with customers by Foundational products and eProducts for the years ended December 31, 2024, 2023, and 2022. Year Ended December 31, (in millions) 2024 2023 2022 Foundational products $ 11,751 $ 12,161 $ 11,163 eProducts 2,335 2,037 1,472 Total $ 14,086 $ 14,198 $ 12,635 The following table represents a disaggregation of revenue from contracts with customers by reportable segment and region for the years ended December 31, 2024, 2023, and 2022. The balances for prior periods have been recast for the reportable segment realignment for certain businesses that was completed in the third quarter of 2024. Refer to Note 24, “Reportable Segments and Related Information” of the Consolidated Financial Statements for additional details. Year ended December 31, 2024 ( in millions ) Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems Battery & Charging Systems Total North America $ 1,432 $ 1,943 $ 310 $ 199 $ 3,884 Europe 2,941 1,273 548 484 5,246 Asia 1,304 2,348 1,050 17 4,719 Other 208 — — 29 237 Total $ 5,885 $ 5,564 $ 1,908 $ 729 $ 14,086 Year ended December 31, 2023 ( in millions ) Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems Battery & Charging Systems Total North America $ 1,529 $ 1,972 $ 458 $ 134 $ 4,093 Europe 3,026 1,299 372 384 5,081 Asia 1,250 2,272 1,268 20 4,810 Other 202 — 4 8 214 Total $ 6,007 $ 5,543 $ 2,102 $ 546 $ 14,198 Year ended December 31, 2022 ( in millions ) Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems Battery & Charging Systems Total North America $ 1,422 $ 1,900 $ 500 $ 47 $ 3,869 Europe 2,571 1,017 198 287 4,073 Asia 1,293 2,110 1,099 — 4,502 Other 182 — 9 — 191 Total $ 5,468 $ 5,027 $ 1,806 $ 334 $ 12,635

RESTRUCTURING

RESTRUCTURING	12 Months Ended
	Dec. 31, 2024
Restructuring and Related Activities [Abstract]
RESTRUCTURING	RESTRUCTURING The Company’s restructuring activities are undertaken as necessary to execute management’s strategy and streamline operations, consolidate and take advantage of available capacity and resources, and ultimately achieve net cost reductions. Restructuring activities include efforts to integrate and rationalize the Company’s business and to relocate operations to best-cost locations. The Company’s restructuring expenses consist primarily of employee termination benefits (principally severance and/or other termination benefits) and other costs, which are primarily professional fees and costs related to facility closures and exits. The following table represents restructuring expenses by reportable segment for the years ended December 31, 2024, 2023, and 2022. The balances for prior periods have been recast for the reportable segment realignment for certain businesses that was completed in the third quarter of 2024. Refer to Note 24, “Reportable Segments and Related Information” of the Consolidated Financial Statements for additional details. (in millions) Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems Battery & Charging Systems Corporate Total Year ended December 31, 2024 Employee termination benefits $ 21 $ 10 $ 10 $ 1 $ 1 $ 43 Other 18 1 12 — — 31 Total restructuring expense $ 39 $ 11 $ 22 $ 1 $ 1 $ 74 Year ended December 31, 2023 Employee termination benefits $ 63 $ 6 $ 1 $ — $ — $ 70 Other 7 2 — — — 9 Total restructuring expense $ 70 $ 8 $ 1 $ — $ — $ 79 Year ended December 31, 2022 Employee termination benefits $ 20 $ 18 $ — $ — $ — $ 38 Other — 9 1 — — 10 Total restructuring expense $ 20 $ 27 $ 1 $ — $ — $ 48 The following table displays a roll forward of the restructuring liability recorded within the Company’s Consolidated Balance Sheets and the related cash flow activity: (in millions) Employee termination benefits Other Total Balance at January 1, 2023 $ 39 $ 9 $ 48 Restructuring expense, net 70 9 79 Cash payments (43) (13) (56) Foreign currency translation adjustment and other 2 2 4 Balance at December 31, 2023 68 7 75 Restructuring expense, net 43 31 74 Cash payments (69) (33) (102) Foreign currency translation adjustment and other (3) — (3) Balance at December 31, 2024 $ 39 $ 5 $ 44 Less: Non-current restructuring liability 8 — 8 Current restructuring liability at December 31, 2024 $ 31 $ 5 $ 36 2024 Structural Costs Plan In June 2024, the Company approved an approximately $75 million restructuring plan to address the cost structure in its PowerDrive Systems segment due to electric vehicle adoption volatility across different regions, which could include realignment of the segment’s manufacturing footprint. During the year ended December 31, 2024, the Company recorded $13 million of restructuring costs related to this plan. 2023 Structural Costs Plan In 2023, the Company announced a $130 million to $150 million restructuring plan to address structural costs in its Foundational products businesses. During the years ended December 31, 2024 and 2023, the Company recorded $61 million and $79 million, respectively, of restructuring costs related to this plan. Cumulatively, the Company has incurred $140 million of restructuring costs related to this plan. 2020 Structural Costs Plan In February 2020, the Company announced a $300 million restructuring plan to address existing structural costs. The actions under this plan are complete. The following provides details of restructuring expense incurred by the Company’s reportable segments during the years ended December 31, 2024, 2023 and 2022, related to the plans discussed above: Turbos & Thermal Technologies 2023 Structural Costs Plan • During the year ended December 31, 2024, the segment recorded $39 million of restructuring costs under this plan. These costs primarily related to $21 million of employee termination benefits and $18 million of professional fees and equipment relocation costs for facilities in Europe, China and the U.S. • During the year ended December 31, 2023, the segment recorded $70 million of restructuring costs under this plan. These costs primarily related to employee termination benefits associated with the announced closure of a facility in Europe affecting approximately 200 employees. 2020 Structural Costs Plan • During the year ended December 31, 2022, the segment recorded $20 million of restructuring costs under this plan. These costs primarily related to $18 million for two voluntary termination programs pursuant to which approximately 74 employees accepted termination packages in 2022. Drivetrain & Morse Systems 2023 Structural Costs Plan • During the year ended December 31, 2024, the segment recorded $11 million of restructuring costs under this plan. These costs primarily related to $10 million of employee termination benefits for a facility in Europe. • During the year ended December 31, 2023, the segment recorded $8 million of restructuring costs under this plan. These costs primarily related to $6 million of employee termination benefits and $2 million of equipment moves. 2020 Structural Costs Plan • During the year ended December 31, 2022, the segment recorded $13 million of restructuring costs under this plan. These costs primarily related to $9 million of contractual settlements and professional fees. • During the year ended December 31, 2022, the segment recorded $14 million of restructuring costs. These costs primarily related to employee termination benefits associated with the announced closure of a technical center in Europe affecting approximately 80 employees. PowerDrive Systems 2024 Structural Costs Plan • During the year ended December 31, 2024, the segment recorded $13 million of restructuring costs under this plan. These costs primarily related to $9 million of employee termination benefits and $4 million of professional fees. 2023 Structural Costs Plan • During the year ended December 31, 2024, the segment recorded $9 million of restructuring costs under this plan. These costs primarily related to $8 million of equipment relocation costs. Estimates of restructuring expense are based on information available at the time such charges are recorded. Due to the inherent uncertainty involved in estimating restructuring expenses, actual amounts paid for such activities may differ from amounts initially recorded. Accordingly, the Company may record revisions of previous estimates by adjusting previously established accruals. The Company continues to evaluate different options across its operations to reduce existing structural costs over the next few years. The Company will recognize restructuring expense associated with any future actions at the time they are approved and become probable or are incurred. Any future actions could result in significant restructuring expense.

RESEARCH AND DEVELOPMENT COSTS

RESEARCH AND DEVELOPMENT COSTS	12 Months Ended
	Dec. 31, 2024
Research and Development [Abstract]
RESEARCH AND DEVELOPMENT COSTS	RESEARCH AND DEVELOPMENT COSTS The Company’s net Research & Development (“R&D”) expenditures are primarily included in Selling, general and administrative expenses of the Consolidated Statements of Operations. Customer reimbursements are netted against gross R&D expenditures as they are considered a recovery of cost. Customer reimbursements for prototypes are recorded net of prototype costs based on customer contracts, typically either when the prototype is shipped or when it is accepted by the customer. Customer reimbursements for engineering services are recorded when performance obligations are satisfied in accordance with the contract. Financial risks and rewards transfer upon shipment, acceptance of a prototype component by the customer or upon completion of the performance obligation as stated in the respective customer agreement. The Company has various customer arrangements relating to R&D activities that it performs at its various R&D locations. The following table presents the Company’s gross and net expenditures on R&D activities: Year Ended December 31, (in millions) 2024 2023 2022 Gross R&D expenditures $ 872 $ 856 $ 787 Customer reimbursements (136) (139) (86) Net R&D expenditures $ 736 $ 717 $ 701 Net R&D expenditures as a percentage of net sales were 5.2%, 5.1% and 5.5% for the years ended December 31, 2024, 2023 and 2022, respectively.

OTHER OPERATING EXPENSE (INCOME

OTHER OPERATING EXPENSE (INCOME), NET	12 Months Ended
	Dec. 31, 2024
Other Income and Expenses [Abstract]
OTHER OPERATING EXPENSE (INCOME), NET	OTHER OPERATING EXPENSE (INCOME), NET Items included in Other operating expense (income), net consist of: Year Ended December 31, (in millions) 2024 2023 2022 Adjustments associated with Spin-Off related balances $ 17 $ — $ — Commercial contract settlement 15 — — Loss (gain) on sale of businesses 6 (5) (13) Loss (gain) on sale of assets 2 (13) — Merger and acquisition expense, net 2 23 9 Spin-Off transition services income, net (5) (10) — Other income, net (5) (11) (4) Other operating expense (income), net $ 32 $ (16) $ (8) Adjustments associated with Spin-Off related balances: During the year ended December 31, 2024, the Company recorded expense of $17 million, primarily for adjustments to net amounts owed to the Company related to the tax matters agreement between the Company and PHINIA. Commercial contract settlement: During the year ended December 31, 2024, the Company recorded a loss of approximately $15 million related to the settlement of a commercial contract assumed in its acquisition of the electric hybrid systems business segment of Eldor. Loss (gain) on sale of businesses: During the year ended December 31, 2024, the Company recorded a net loss on sale of business of $6 million primarily related to the estimated loss on an immaterial business that met held for sale accounting criteria. During the year ended December 31, 2023, the Company recorded a net gain on sale of business of $5 million. During the year ended December 31, 2022, the Company recorded a net gain on sales of businesses of $13 million, which included a $22 million gain related to the sale of its interest in BorgWarner Romeo Power LLC and a $9 million loss related to a change in estimate of the expected earn-out related to the divestiture of the Company’s Water Valley facility. Refer to Note 2 “Acquisitions and Dispositions,” to the Consolidated Financial Statements for more information. Loss (gain) on sale of assets: During the year ended December 31, 2024, the Company recorded a $2 million loss on sale of fixed assets at a European manufacturing facility. During the year ended December 31, 2023, the Company recorded a $13 million gain on sale of fixed assets, primarily attributed to the sale of a European manufacturing facility and other fixed assets. Merger and acquisition expense, net: During the year ended December 31, 2024, the Company recorded merger and acquisition expense, net of $2 million, primarily related to professional fees associated with specific acquisition initiatives, mostly offset by a gain of $6 million related to the revision of its expected earn-out related to the Drivetek acquisition. During the year ended December 31, 2023, the Company recorded merger and acquisition expense, net of $23 million, primarily related to professional fees for specific acquisition initiatives. This merger and acquisition expense, net included a n $8 million loss related to a change in estimate of the expected earn-out estimate associated with the Santroll acquisition. During the year ended December 31, 2022, the Company recorded merger and acquisition expense of $9 million, primarily related to professional fees for specific acquisition initiatives. Spin-Off transition services income, net : During the year ended December 31, 2024 and 2023, the Company recorded other income in the amount of $5 million and $10 million, respectively, for net service reimbursements related to the Spin-Off. These transition services were related to information technology, human resources, finance, facilities, procurement, sales, intellectual properties and engineering. Refer to Note 26 “Discontinued Operations,” to the Consolidated Financial Statements for more information.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Earnings before income taxes and the provision for income taxes are presented in the following table. Year Ended December 31, (in millions) 2024 2023 2022 Earnings (loss) before income taxes: U.S. 1 $ (303) $ (316) $ (40) Non-U.S. 1 842 1,307 953 Total $ 539 $ 991 $ 913 Provision for income taxes: Current: Federal $ 27 $ 42 $ 49 State 1 8 7 Foreign 239 299 233 Total current expense 267 349 289 Deferred: Federal (198) (85) (54) State (5) — (8) Foreign 47 25 (32) Total deferred benefit (156) (60) (94) Total provision for income taxes $ 111 $ 289 $ 195 __________________________ 1 In 2023, the U.S. loss before income taxes included the realized and unrealized loss on debt and equity securities of $174 million that was primarily related to the Company’s investment in Wolfspeed convertible debt securities that was sold during the year. The provision for income taxes resulted in an effective tax rate of approximately 21%, 29% and 21% for the years ended December 31, 2024, 2023 and 2022, respectively. The following table provides a reconciliation of tax expense based on the U.S. statutory tax rate to final tax expense. Year Ended December 31, (in millions) 2024 2023 2022 Income taxes at U.S. statutory rate of 21% $ 114 $ 209 $ 192 Increases (decreases) resulting from: Impairment of goodwill 151 — — Net tax on remittance of foreign earnings 38 45 36 Foreign rate differentials 14 20 57 Valuation allowance adjustments, net 23 186 21 Other permanent differences 17 18 14 Changes in accounting methods and filing positions (10) (18) (15) State taxes, net of federal benefit (6) 6 (3) Affiliates' earnings (6) (7) (6) Foreign derived intangible income deduction (11) (23) (23) Impact of tax law and rate change (9) (1) 1 U.S. tax on foreign earnings 24 18 10 Enhanced research and development deductions (29) (35) (33) Tax credits (34) (21) (15) Deferred tax impact of intra-group transactions (36) (70) — Tax holidays (46) (35) (38) Reserve adjustments, settlements and claims (99) (15) 13 Other, net 16 12 (16) Provision for income taxes, as reported $ 111 $ 289 $ 195 The Company’s tax rate is affected by the tax laws and rates of the U.S. and other jurisdictions in which the Company operates, the relative amount of income earned by jurisdiction and the relative amount of losses or income for which no tax benefit or expense was recognized due to a valuation allowance. The Company’s effective tax rate was impacted beneficially by tax incentives obtained in various non-U.S. countries, primarily those arising in China related to the High and New Technology Enterprise (“HNTE”) status of various subsidiaries ($46 million, $35 million and $38 million for the years ended December 31, 2024, 2023 and 2022, respectively). HNTE status is granted for three-year periods, and the Company seeks to renew such status on a regular basis. In addition, beneficial impacts were recognized related to tax deductions for qualifying research and development expenditures ($29 million, $35 million and $33 million for the years ended December 31, 2024, 2023 and 2022, respectively) and tax credits primarily related to research and development ($34 million, $21 million and $15 million for the years ended December 31, 2024, 2023 and 2022, respectively). The Company’s effective tax rate is also impacted by net changes to valuation allowances, where the Company has determined that it is more-likely-than-not that certain deferred tax assets would not be realized. For the years ended December 31, 2024, 2023, and 2022, the Company recorded net expense related to changes to valuation allowances of $23 million, $186 million, and $21 million, respectively In 2024, the Company reflected a $151 million tax impact of non-deductible impairment of goodwill. In addition, the Company recorded a discrete tax benefit of $107 million related to reductions in certain unrecognized tax benefits and accrued interest for matters where the statute of limitations lapsed, and a discrete tax benefit of $36 million related to post Spin-Off restructuring. In 2023, the Company recognized a discrete tax benefit of $19 million related to the resolution of tax audits and reductions in certain unrecognized tax benefits and accrued interest related to matters for which the statute of limitation had lapsed. In addition, the Company recognized a discrete tax benefit of $50 million in relation to the Spin-Off, a discrete tax benefit of $30 million in relation to various changes in filling positions for prior years, and a discrete tax expense of $79 million in relation to changes in judgment related to the recovery of deferred tax assets, primarily due to the impact of the Spin-Off on the allocation of the Company’s profits across jurisdictions for tax purposes as well as various tax structuring actions and strategies. In 2022, the Company recognized discrete tax benefits of $23 million, primarily related to a reduction in certain unrecognized tax benefits and accrued interest related to matters for which the statute of limitations had lapsed and favorable provision-to-return adjustments. A roll forward of the Company’s total gross unrecognized tax benefits is presented below: (in millions) 2024 2023 2022 Balance, January 1 $ 161 $ 172 $ 181 Additions based on tax positions related to current year 9 15 19 Reductions for closure of tax audits and settlements — (5) (9) Reductions for tax positions of prior years (1) (11) (7) Reductions for lapse in statute of limitations (67) (10) — Translation adjustment (7) — (12) Balance, December 31 $ 95 $ 161 $ 172 The Company recognizes interest and penalties related to unrecognized tax benefits in income tax expense and accrued approximately $22 million and $65 million for the payment of interest and penalties at December 31, 2024 and 2023, respectively. For the years ended December 31, 2024, 2023 and 2022, the Company recognized expense related to interest and penalties of $5 million, $10 million and $6 million, respectively. During the year ended December 31, 2024, the Company also recorded a reduction in tax expense of $46 million for previously recorded interest related to matters for which the statute of limitations lapsed. As of December 31, 2024, approximately $92 million represents the amount that, if recognized, would affect the Company's effective income tax rate in future periods. This amount includes a decrease in U.S. federal income taxes that would occur upon recognition of the state tax benefits and U.S. foreign tax credits included therein. The Company and/or one of its subsidiaries files income tax returns in the U.S. federal, various state jurisdictions and various foreign jurisdictions. In certain tax jurisdictions, the Company may have more than one taxpayer. The Company is no longer subject to income tax examinations by tax authorities in its major tax jurisdictions as follows: Tax jurisdiction Years no longer subject to audit Tax jurisdiction Years no longer subject to audit U.S. Federal 2016 and prior Luxembourg 2017 and prior China 2018 and prior Mexico 2017 and prior France 2020 and prior Poland 2016 and prior Germany 2015 and prior South Korea 2017 and prior Hungary 2018 and prior United Kingdom 2019 and prior Japan 2023 and prior In the U.S. , certain tax attributes created in years prior to 2017 were subsequently utilized. Even though the U.S. federal statute of limitations may have expired for years prior to 2017, the years in which these tax attributes were created could still be subject to examination, limited to only the examination of the creation of the tax attribute . The components of deferred tax assets and liabilities consist of the following: December 31, (in millions) 2024 2023 Deferred tax assets: Net operating loss and capital loss carryforwards $ 305 $ 359 Research and development capitalization 291 211 Employee compensation 45 43 State tax credits 38 23 Warranty 30 20 Unrecognized tax benefits 25 27 Foreign tax credits 9 — Pension and other postemployment benefits — 4 Other comprehensive loss — 3 Other 126 97 Total deferred tax assets $ 869 $ 787 Valuation allowance (325) (310) Net deferred tax asset $ 544 $ 477 Deferred tax liabilities: Fixed assets (107) (121) Goodwill and intangible assets (100) (135) Unremitted foreign earnings (95) (115) Other comprehensive income (35) — Pension and other postemployment benefits (4) — Unrealized gain on equity securities (2) (2) Other (9) (7) Total deferred tax liabilities $ (352) $ (380) Net deferred taxes $ 192 $ 97 As of December 31, 2024, the Company had gross deferred tax assets for certain non-U.S. net operating loss (“NOL”) carryforwards of $218 million, $40 million of which expire at various dates from 2025 through 2043 and $178 million of which have an indefinite life. The Company has a valuation allowance recorded of $174 million with regards to these deferred tax assets. As of December 31, 2024, certain U.S. subsidiaries had gross deferred tax assets of approximately $42 million for federal and state NOL carryforwards, $22 million of which expire at various dates from 2025 through 2043 and $20 million of which have an indefinite life. The Company has recorded a valuation allowance of $37 million with regards to these deferred tax assets. In addition, certain U.S. subsidiaries also have state tax credit carryforwards of $38 million, which are offset by a valuation allowance of $38 million. On a quarterly basis, the Company reviews the likelihood that the benefit of its deferred tax assets will be realized and, therefore, the need for valuation allowances. The Company assesses existing deferred tax assets, net operating loss carryforwards and tax credit carryforwards by jurisdiction and expectations of its ability to utilize these tax attributes through a review of past, current, and estimated future taxable income and tax planning strategies. If, based upon the weight of available evidence, it is more-likely-than-not the deferred tax assets will not be realized, a valuation allowance is recorded. Due to recent restructurings, the Company concluded that the weight of the negative evidence outweighs the positive evidence in certain foreign jurisdictions. As a result, the Company believes it is more-likely-than-not that the net deferred tax assets in certain foreign jurisdictions that include entities in France, Spain, Italy, U.S., and the U.K. will not be realized in the future. As of December 31, 2024, the Company recorded deferred tax liabilities of $95 million with respect to foreign unremitted earnings. The Company did not provide deferred tax liabilities with respect to certain book versus tax basis differences not represented by undistributed earnings of approximately $195 million as of December 31, 2024, because the Company continues to assert indefinite reinvestment of these basis differences. These basis differences would become taxable upon the sale or liquidation of the foreign subsidiaries. The Company’s best estimate of the unrecognized deferred tax liability on these basis differences is approximately $2 million as of December 31, 2024.

RECEIVABLES, NET

RECEIVABLES, NET	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
RECEIVABLES, NET	RECEIVABLES, NET The table below provides details of receivables as of December 31, 2024 and 2023: December 31, ( in millions ) 2024 2023 Receivables, net: Customers $ 2,273 $ 2,519 Indirect taxes 310 238 Other 281 364 Gross receivables 2,864 3,121 Allowance for credit losses (21) (12) Total receivables, net $ 2,843 $ 3,109 The table below summarizes the activity in the allowance for credit losses for the years ended December 31, 2024, 2023 and 2022: Year Ended December 31, ( in millions ) 2024 2023 2022 Beginning balance, January 1 $ (12) $ (11) $ (9) Provision (10) (4) (2) Write-offs — 2 — Translation adjustment and other 1 1 — Ending balance, December 31 $ (21) $ (12) $ (11)

INVENTORIES, NET

INVENTORIES, NET	12 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
INVENTORIES, NET	INVENTORIES, NET A summary of Inventories, net is presented below: December 31, ( in millions ) 2024 2023 Raw material and supplies $ 915 $ 991 Work-in-progress 147 160 Finished goods 189 194 FIFO inventories 1,251 1,345 LIFO reserve 1 — (32) Inventories, net $ 1,251 $ 1,313 _____________________________ 1 During the fourth quarter of 2024, the Company changed the accounting method for certain inventories previously accounted for under LIFO to FIFO. As of December 31, 2024, no inventories are accounted for under the LIFO method. Refer to Note 1, “Summary of Significant Accounting Policies,” to the Consolidated Financial Statements for more details.

OTHER CURRENT AND NON-CURRENT A

OTHER CURRENT AND NON-CURRENT ASSETS	12 Months Ended
	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER CURRENT AND NON-CURRENT ASSETS	OTHER CURRENT AND NON-CURRENT ASSETS Additional detail related to assets is presented below: December 31, ( in millions) 2024 2023 Prepayments and other current assets: Prepaid tooling $ 107 $ 89 Prepaid taxes 98 38 Customer incentive payments (Note 3) 22 27 Derivative instruments 19 32 Contract assets (Note 3) 15 18 Other 72 57 Total prepayments and other current assets $ 333 $ 261 Investments and long-term receivables: Investment in equity affiliates $ 245 $ 237 Investment in equity securities 70 71 Long-term receivables 41 56 Total investments and long-term receivables $ 356 $ 364 Other non-current assets: Deferred income taxes (Note 7) $ 359 $ 257 Operating leases (Note 22) 177 143 Derivative instruments 89 15 Customer incentive payments (Note 3) 23 58 Other 62 39 Total other non-current assets $ 710 $ 512

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT, NET	PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net is stated at cost less accumulated depreciation and amortization, and consisted of: December 31, ( in millions) 2024 2023 Land, land use rights and buildings $ 1,354 $ 1,319 Machinery and equipment 5,520 5,327 Finance lease assets 30 32 Construction in progress 437 671 Total property, plant and equipment, gross 7,341 7,349 Less: accumulated depreciation 4,007 3,816 Property, plant and equipment, net, excluding tooling 3,334 3,533 Tooling, net of amortization 241 250 Property, plant and equipment, net $ 3,575 $ 3,783 Interest costs capitalized for the years ended December 31, 2024, 2023 and 2022 were $15 million, $17 million and $17 million, respectively.

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLES	GOODWILL AND OTHER INTANGIBLES Goodwill is the excess of the purchase price over the estimated fair value of identifiable net assets acquired in business combinations. As of December 31, 2024, the Company had four reportable segments and four goodwill reporting units. During the first quarter of 2024, the Company reduced the outlook of its PowerDrive Systems business in response to volatility in actual and expected customer production schedules. This was viewed as a triggering event, and as a result, the Company performed an interim quantitative analysis of the fair value of the PowerDrive Systems reporting unit. Based on this interim impairment test, the PowerDrive Systems reporting unit had an estimated fair value that exceeded its carrying value, including goodwill, by approximately 5%, resulting in no impairment, at that time. During the third quarter of 2024, as a result of the previously disclosed reportable segment realignment, the Company disaggregated certain entities within one of the Company’s historical goodwill reporting units across two reporting units: Drivetrain & Morse Systems and Battery & Charging Systems. As a result of this change, the Company allocated goodwill to these two reporting units on a relative fair value basis. The Company estimated the fair values of the businesses to be split from the historical reporting unit based upon the present value of their anticipated future cash flows. The Company’s determination of fair value involved judgment and the use of estimates and assumptions. In conjunction with the goodwill allocation, the Company performed a quantitative impairment assessment of the historical reporting units’ goodwill immediately before and after the segment realignment. The quantitative analyses did not result in any impairment charges as the fair value of each reporting unit exceeded its respective carrying value. The disclosures below have been updated accordingly, which included recasting prior period information for the new reporting structure. Refer to Note 24, “Reportable Segments and Related Information,” of the Consolidated Financial Statements for additional details. During the fourth quarter of 2024, the Company performed a qualitative analysis on two of the reporting units and performed a quantitative analysis on the other two reporting units. During the fourth quarter of 2023, the Company performed a quantitative analysis on all reporting units. For the quantitative analyses, the estimated fair values were determined using an income and market approach. The market approach is based on market multiples (revenue and “EBITDA”, defined as earnings before interest, taxes, depreciation and amortization) and requires an estimate of appropriate multiples based on market data for comparable companies. The market valuation models and other financial ratios used by the Company require certain assumptions and estimates regarding the applicability of those models to the Company’s facts and circumstances. The Company believes the assumptions and estimates used to determine the estimated fair value are reasonable. Different assumptions could materially affect the estimated fair value. The primary assumptions affecting the Company’s 2024 goodwill quantitative impairment review are as follows: • Discount rates: The Company used a range of 13.5% to 14.5% weighted average cost of capital (“WACC”) as the discount rates for future cash flows. The WACC is intended to represent a rate of return that would be expected by a market participant. • Operating income margin: The Company used historical and expected operating income margins, which may vary based on the projections of the reporting unit being evaluated. • Revenue growth rates: The Company used a global automotive market industry growth rate forecast adjusted to estimate its own market participation for product lines. In addition to the above primary assumptions, the Company noted the following risks to volume and operating income assumptions that could have an impact on the discounted cash flow models: • The automotive industry is cyclical, and the Company’s results of operations could be adversely affected by industry downturns. • The automotive industry is evolving, and if the Company does not respond appropriately, its results of operations could be adversely affected. • The Company is dependent on market segments that use its key products and could be affected by decreasing demand in those segments. • The Company is subject to risks related to international operations. In connection with the preparation of the Company’s annual financial statements, the Company noted deterioration in the forecast for its PowerDrive Systems and Battery & Charging Systems businesses. This deterioration was due to further decreases in demand for eProducts as compared to the Company’s expectations as a result of electric vehicle adoption volatility across different regions. This downward revision to the outlooks of these businesses was due to volatility in actual and expected customer production schedules. The Company had made capital investments to support new eProducts business that has been delayed and/or launched with lower-than-expected volumes. As a result, during the fourth quarter of 2024, the Company recorded goodwill impairment charges of $468 million and $109 million related to the PowerDrive Systems and Battery & Charging Systems reporting units, respectively. Future changes in the judgments, assumptions and estimates from those used in acquisition-related valuations and goodwill impairment testing, including discount rates or future operating results and related cash flow projections, could result in significantly different estimates of the fair values in the future. A n increase in discount rates, a reduction in projected cash flows or a combination of the two could lead to a reduction in the estimated fair values, which may result in impairment charges that could materially affect the Company’s financial statements in any given year. A summary of the changes in the carrying amount of goodwill is presented in the following tables. The prior period balances have been recast for inter-segment transitions of certain businesses that were completed during 2022. Refer to Note 24, “Reportable Segments and Related Information” for more information. 2024 (in millions) Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems Battery & Charging Systems Total Gross goodwill balance, January 1 $ 1,257 $ 1,126 $ 481 $ 651 $ 3,515 Accumulated impairment losses, January 1 (502) — — — (502) Net goodwill balance, January 1 $ 755 $ 1,126 $ 481 $ 651 $ 3,013 Goodwill during the year: Impairment — — (468) (109) (577) Measurement period adjustments 1 — — 6 — 6 Other, primarily translation adjustment (22) (6) (19) (38) (85) Net goodwill balance, December 31 $ 733 $ 1,120 $ — $ 504 $ 2,357 2023 (in millions) Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems Battery & Charging Systems Total Gross goodwill balance, January 1 $ 1,246 $ 1,126 $ 480 $ 628 $ 3,480 Accumulated impairment losses, January 1 (502) — — — (502) Net goodwill balance, January 1 $ 744 $ 1,126 $ 480 $ 628 $ 2,978 Goodwill during the year: Acquisitions 1 — — 14 8 22 Measurement period adjustments 1 — — — (6) (6) Other, primarily translation adjustment 11 — (13) 21 19 Net goodwill balance, December 31 $ 755 $ 1,126 $ 481 $ 651 $ 3,013 _____________________________ 1 Acquisitions and measurement period adjustments relate to the Company’s 2023 purchases of SSE and Eldor. The Company’s other intangible assets, primarily from acquisitions, consist of the following: December 31, 2024 December 31, 2023 (in millions) Estimated useful lives (years) Gross Accumulated Net Gross Accumulated Net Amortized intangible assets: Patented and unpatented technology 5 - 15 $ 352 $ 172 $ 180 $ 364 $ 145 $ 219 Customer relationships 6 - 15 610 321 289 641 305 336 Miscellaneous 2 - 5 9 7 2 9 6 3 Total amortized intangible assets 971 500 471 1,014 456 558 Unamortized trade names 3 — 3 6 — 6 Total other intangible assets $ 974 $ 500 $ 474 $ 1,020 $ 456 $ 564 Amortization of other intangible assets was $69 million, $67 million and $69 million for the years ended December 31, 2024, 2023 and 2022, respectively. The Company utilizes the straight-line method of amortization recognized over the estimated useful lives of the assets. The estimated future annual amortization expense, primarily for acquired intangible assets, is as follows: $66 million in 2025, $59 million in 2026, $53 million in 2027, $52 million in 2028, $52 million in 2029 and $189 million thereafter. A roll forward of the gross carrying amounts and related accumulated amortization of the Company’s other intangible assets is presented below: Gross carrying amounts Accumulated amortization (in millions) 2024 2023 2024 2023 Beginning balance, January 1 $ 1,020 $ 1,003 $ 456 $ 384 Acquisitions and measurement period adjustments 1 (Note 2) (4) 14 — — Write-offs (3) — — — Amortization — — 69 67 Translation adjustment (39) 3 (25) 5 Ending balance, December 31 $ 974 $ 1,020 $ 500 $ 456 _____________________________ 1 Acquisitions relate to the Company’s 2023 purchases of SSE and Eldor.

PRODUCT WARRANTY

PRODUCT WARRANTY	12 Months Ended
	Dec. 31, 2024
Product Warranties Disclosures [Abstract]
PRODUCT WARRANTY	PRODUCT WARRANTY The following table summarizes the activity in the product warranty accrual accounts: (in millions) 2024 2023 Beginning balance, January 1 $ 196 $ 185 Provisions for current period sales 85 98 Adjustments of prior estimates 15 (3) Payments (71) (84) Other, primarily translation adjustment (10) — Ending balance, December 31 $ 215 $ 196 The product warranty liability is classified in the Consolidated Balance Sheets as follows: December 31, (in millions) 2024 2023 Other current liabilities $ 88 $ 91 Other non-current liabilities 127 105 Total product warranty liability $ 215 $ 196

DEBT

DEBT	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
DEBT	DEBT The Company had short-term and long-term debt outstanding as follows: December 31, (in millions) 2024 2023 Short-term debt Short-term borrowings $ 61 $ 70 Long-term debt 3.375% Senior notes due 03/15/25 ($334 million par value) 334 384 5.000% Senior notes due 10/01/25 — 477 2.650% Senior notes due 07/01/27 ($1,100 million par value) 1,095 1,093 7.125% Senior notes due 02/15/29 ($121 million par value) 120 120 4.950% Senior notes due 08/15/29 ($500 million par value) 495 — 1.000% Senior notes due 05/19/31 (€1,000 million par value) 1,022 1,088 5.400% Senior notes due 08/15/34 ($500 million par value) 493 — 4.375% Senior notes due 03/15/45 ($500 million par value) 495 495 Term loan facilities, finance leases and other 46 53 Total long-term debt 4,100 3,710 Less: current portion 337 3 Long-term debt, net of current portion $ 3,763 $ 3,707 On August 16, 2024, the Company issued $500 million of 4.950% senior notes due August 2029 and $500 million of 5.400% senior notes due August 2034, primarily to retire the Company’s outstanding senior notes due in 2025. Interest is payable semi-annually in arrears on February 15 and August 15 of each year. These senior notes are not guaranteed by any of the Company’s subsidiaries. In August 2024, the Company announced that it had commenced tender offers to purchase for cash certain of the Company’s outstanding 3.375% senior notes due in March 2025 (the “March 2025 Senior Notes”) and the 5.000% senior notes due in October 2025 (the “October 2025 Senior Notes”). Pursuant to the tender offers, the Company purchased and extinguished $50 million of the March 2025 Senior Notes and $110 million of the October 2025 Senior Notes. On November 1, 2024, the Company redeemed the remaining $343 million outstanding October 2025 Senior Notes at a make-whole redemption price of 101 percent. The tender offers and redemption resulted in a net gain on debt extinguishment of $10 million, primarily related to the write-off of the remaining unamortized fair value up to the October 2025 Senior Notes. The net gain on debt extinguishment is recorded to Interest expense, net, in the Consolidated Statement of Operations. In September 2023, the Company purchased and extinguished $438 million of senior notes due in 2025, comprised of $115 million and $323 million face value of its March 2025 and October 2025 Senior Notes, respectively. Total cash consideration paid was $430 million. The Company recorded a gain of approximately $28 million during the year ended December 31, 2023, consisting of an $8 million gain related to a cash settlement below the face value of the 2025 notes and $20 million related to the write-off of a portion of the unamortized fair value step up on the October 2025 Senior Notes from the Delphi Technologies acquisition in 2020 and a portion of the unamortized discount on the March 2025 Senior Notes due in 2025 that was recorded at the time of that note issuance. The gain on extinguishment was recorded to Interest expense, net, in the Consolidated Statement of Operations. The Company may utilize uncommitted lines of credit for short-term working capital requirements. As of December 31, 2024 and 2023, the Company had $61 million and $70 million, respectively, in borrowings under these facilities, which are classified in Notes payable and other short-term debt in the Consolidated Balance Sheets. The short-term borrowings primarily relate to a European money market loan with an interest rate of Euribor plus 1.75% that is callable upon immediate notice by either party. The weighted average interest rate on short-term borrowings outstanding as of December 31, 2024 and 2023 was 4.0% and 3.5%, respectively. The weighted average interest rate on all borrowings outstanding, including the effects of outstanding swaps, as of December 31, 2024 and 2023 was 2.8% and 2.3%, respectively. The following table provides details on Interest expense, net included in the Consolidated Statements of Operations. Interest expense primarily relates to interest on the Company’s fixed rate Senior notes, net of any amortization of premium or discount. Interest income primarily relates to interest received on cash and investments and interest received on the Company’s net investment hedges. Interest income has been favorably impacted by rising interest rates. Year Ended December 31, (in millions) 2024 2023 2022 Interest expense $ 84 $ 73 $ 71 Interest income (54) (35) (20) Gain on debt extinguishment (10) (28) — Interest expense, net $ 20 $ 10 $ 51 Annual principal payments required as of December 31, 2024 are as follows: (in millions) 2025 $ 398 2026 27 2027 1,103 2028 2 2029 623 After 2029 2,044 Total payments $ 4,197 Less: unamortized premiums, net of discount (36) Total short and long-term debt $ 4,161 The Company’s long-term debt includes various covenants, none of which are expected to restrict future operations. The Company has a $2 billion multi-currency revolving credit facility that allows the Company to increase the facility by $1 billion with bank group approval. This facility matures in September 2028. The credit agreement contains customary events of default and one key financial covenant, which is a debt-to-EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) ratio. The Company was in compliance with the financial covenant at December 31, 2024. At December 31, 2024 and 2023, the Company had no outstanding borrowings under this facility. The Company’s commercial paper program allows the Company to issue $2 billion of short-term, unsecured commercial paper notes under the limits of its multi-currency revolving credit facility. Under this program, the Company may issue notes from time to time and use the proceeds for general corporate purposes. The Company had no outstanding borrowings under this program as of December 31, 2024 and 2023. The total current combined borrowing capacity under the multi-currency revolving credit facility and commercial paper program cannot exceed $2 billion. As of December 31, 2024 and 2023, the estimated fair values of the Company’s senior unsecured notes totaled $3,797 million and $3,304 million, respectively. The estimated fair values were $257 million and $353 million lower than carrying value at December 31, 2024 and 2023, respectively. Fair market values of the senior unsecured notes are developed using observable values for similar debt instruments, which are considered Level 2 inputs as defined by ASC Topic 820. The carrying values of the Company’s multi-currency revolving credit facility, commercial paper program and other debt facilities approximate fair value. The fair value estimates do not necessarily reflect the values the Company could realize in the current markets. The Company had outstanding letters of credit of $29 million and $37 million at December 31, 2024 and 2023, respectively. The letters of credit typically act as guarantees of payment to certain third parties in accordance with specified terms and conditions.

OTHER CURRENT AND NON-CURRENT L

OTHER CURRENT AND NON-CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2024
Other Liabilities Disclosure [Abstract]
OTHER CURRENT AND NON-CURRENT LIABILITIES	OTHER CURRENT AND NON-CURRENT LIABILITIES Additional detail related to liabilities is presented in the table below: December 31, ( in millions ) 2024 2023 Other current liabilities: Payroll and employee related $ 361 $ 329 Customer related 160 124 Indirect taxes 117 121 Income taxes payable 115 103 Product warranties (Note 13) 88 91 Operating leases (Note 22) 38 37 Employee termination benefits (Note 4) 31 61 Interest 31 26 Derivative instruments 27 3 Supplier related 26 16 Accrued freight 22 26 Government grants 22 3 Insurance 18 16 Contract liabilities (Note 3) 13 18 Other non-income taxes 12 12 Deferred engineering 10 13 Retirement related (Note 18) 10 11 Other 115 138 Total other current liabilities $ 1,216 $ 1,148 Other non-current liabilities: Deferred income taxes (Note 7) $ 167 $ 160 Operating leases (Note 22) 144 112 Product warranties (Note 13) 127 105 Other income tax liabilities 118 226 Deferred income 88 83 Other 97 81 Total other non-current liabilities $ 741 $ 767

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS ASC Topic 820 emphasizes that fair value is a market-based measurement, not an entity-specific measurement. Therefore, a fair value measurement should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering market participant assumptions in fair value measurements, ASC Topic 820 establishes a fair value hierarchy, which prioritizes the inputs used in measuring fair values as follows: Level 1: Observable inputs such as quoted prices for identical assets or liabilities in active markets; Level 2: Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions. Assets and liabilities measured at fair value are based on one or more of the following three valuation techniques noted in ASC Topic 820: A. Market approach: Prices and other relevant information generated by market transactions involving identical or comparable assets, liabilities or a group of assets or liabilities, such as a business. B. Cost approach: Amount that would be required to replace the service capacity of an asset (replacement cost). C. Income approach: Techniques to convert future amounts to a single present amount based upon market expectations (including present value techniques, option-pricing and excess earnings models). The following tables classify assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 and 2023: Basis of fair value measurements Balance at December 31, 2024 Quoted prices in active markets for identical items Significant other observable inputs Significant unobservable inputs Valuation technique Assets measured at NAV 1 (in millions) Assets: Investment in equity securities $ 25 $ — $ — $ — — $ 25 Foreign currency contracts $ 24 $ — $ 24 $ — A $ — Net investment hedge contracts $ 84 $ — $ 84 $ — A $ — Liabilities: Current earn-out liabilities $ 4 $ — $ — $ 4 C $ — Non-current earn-out liabilities $ 3 $ — $ — $ 3 C $ — Foreign currency contracts $ 32 $ — $ 32 $ — A $ — Basis of fair value measurements (in millions) Balance at December 31, 2023 Quoted prices in active markets for identical items Significant other observable inputs Significant unobservable inputs Valuation technique Assets measured at NAV 1 Assets: Current earn-out receivables $ 5 $ — $ — $ 5 C $ — Investment in equity securities $ 26 $ — $ — $ — — $ 26 Foreign currency contracts $ 33 $ — $ 33 $ — A $ — Net investment hedge contracts $ 14 $ — $ 14 $ — A $ — Liabilities: Current earn-out liabilities $ 2 $ — $ — $ 2 C $ — Non-current earn-out liabilities $ 13 $ — $ — $ 13 C $ — Foreign currency contracts $ 3 $ — $ 3 $ — C $ — Net investment hedge contracts $ 2 $ — $ 2 $ — A $ — _____________________________ 1 Certain assets that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. These amounts represent investments in commingled and managed funds that have underlying assets in fixed income securities, equity securities, and other assets and the fair values have been estimated using the net asset value of the Company's ownership interest in partners' capital. The Company’s redemption of its investments with the funds is governed by the partnership agreements and subject to approval from the general partners. With the exception of annual distributions in connection with the Company’s deemed tax liability, distributions from each fund will be received as the underlying investments of the funds are liquidated, the timing of which is unknown. The following tables provide a reconciliation of the Company’s Level 3 earn-out assets and liabilities: Fair Value Measurements Using Significant Unobservable Inputs (Level 3) (in millions) Current earn-out receivables Current earn-out liabilities Non-current earn-out liabilities Balance at January 1, 2023 $ 9 $ 21 $ 10 Change in fair value of contingent consideration 5 5 3 Earnout settlements (9) (24) — Balance at December 31, 2023 $ 5 $ 2 $ 13 Change in fair value of contingent consideration 3 4 (10) Earn-out settlements (8) (2) — Balance at December 31, 2024 $ — $ 4 $ 3 Refer to Note 2, “Acquisitions and Dispositions,” to the Consolidated Financial Statements for more detail regarding earn-outs. The PHINIA-related defined benefits pension assets, liabilities and benefits (costs) are included in the tables below for periods prior to the Spin-Off, as they are not reported as discontinued operations in accordance with ASC Topic 205-20, “Discontinued Operations”. The following tables provide a reconciliation of the Company’s defined benefit plans assets measured at fair value on a recurring basis: Basis of fair value measurements (in millions) Balance at December 31, 2024 Quoted prices in active markets for identical items Significant other observable inputs Significant unobservable inputs Valuation technique Assets measured at NAV 2 U.S. Plans: Fixed income securities $ 76 $ — $ — $ — — $ 76 Equity securities 16 — — — — 16 Alternative credit fund 15 — — — — 15 Cash 19 19 — — A — $ 126 $ 19 $ — $ — $ 107 Non-U.S. Plans: Fixed income securities $ 141 $ 23 $ — $ — A $ 118 Equity securities 73 60 — — A 13 Cash 33 33 — — A — Insurance contract 1 98 — — 98 C — Real estate and other 35 5 13 — A,C 17 $ 380 $ 121 $ 13 $ 98 $ 148 Basis of fair value measurements (in millions) Balance at December 31, 2023 Quoted prices in active markets for identical items Significant other observable inputs Significant unobservable inputs Valuation technique Assets measured at NAV 2 U.S. Plans: Fixed income securities $ 87 $ — $ — $ — — $ 87 Equity securities 18 — — — — 18 Alternative credit fund 16 — — — — 16 Cash 2 2 — — A — $ 123 $ 2 $ — $ — $ 121 Non-U.S. Plans: Fixed income securities $ 213 $ 167 $ — $ — A $ 46 Equity securities 40 27 — — A 13 Cash 5 5 — — A — Insurance contract 1 74 — — 74 C — Real estate and other 60 — 23 — A,C 37 $ 392 $ 199 $ 23 $ 74 $ 96 _____________________________ 1 A BorgWarner defined benefit plan in the United Kingdom owns an insurance contract that guarantees payment of specified pension liabilities. The Company measures the fair value of the insurance asset by projecting expected future cash flows from the contract and discounting them to present value based on current market rates, including an assessment for non-performance risk of the insurance company. The assumptions used to project expected future cash flows are based on actuarial estimates and are unobservable; therefore, the contract is categorized within Level 3 of the hierarchy. 2 Certain assets that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. These amounts represent investments in commingled and managed funds that have underlying assets in fixed income securities, equity securities, and other assets. The following tables provide a reconciliation of the Company’s Level 3 defined benefit plans assets: Fair Value Measurements Using Significant Unobservable Inputs (Level 3) (in millions) Insurance contract Real estate trust fund Balance at January 1, 2023 $ 69 $ 46 Purchases, sales and settlements — (46) Benefits paid 5 — Unrealized (losses) gains on assets still held at the reporting date (4) — Translation adjustment 4 — Balance at December 31, 2023 $ 74 $ — Purchases, sales and settlements 31 — Benefits paid (5) — Translation adjustment (2) — Balance at December 31, 2024 $ 98 $ — Refer to Note 18, “Retirement Benefit Plans,” to the Consolidated Financial Statements for more detail surrounding the defined benefit plan’s asset investment policies and strategies, target allocation percentages and expected return on plan asset assumptions.

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
FINANCIAL INSTRUMENTS	FINANCIAL INSTRUMENTS The Company’s financial instruments include cash and cash equivalents, marketable securities and accounts receivable. Due to the short-term nature of these instruments, their book value approximates their fair value. The Company’s financial instruments may include long-term debt, investments in equity securities, interest rate and cross-currency swaps, commodity derivative contracts and foreign currency derivative contracts. All derivative contracts are placed with counterparties that have an S&P, or equivalent, investment grade credit rating at the time of the contracts’ placement. An adjustment for non-performance risk is considered in the estimate of fair value in derivative assets based on the counterparty credit default swap (“CDS”) rate. When the Company is in a net derivative liability position, the non-performance risk adjustment is based on its CDS rate. At December 31, 2024 and 2023, the Company had no derivative contracts that contained credit-risk-related contingent features. Cash Flow Hedges The Company, at times, uses certain commodity derivative contracts to protect against commodity price changes related to forecasted raw material and component purchases. The Company had no outstanding commodity contracts at December 31, 2024 and 2023 . The Company manages its interest rate risk by assessing its exposure to fixed and variable rates while attempting to optimize its interest costs. The Company, at times, selectively uses interest rate swaps and options to reduce market value risk associated with changes in interest rates. At December 31, 2024 and 2023, the Company had no outstanding interest rate swaps or options. The Company uses foreign currency forward and option contracts to protect against exchange rate movements for forecasted cash flows, including capital expenditures, purchases, operating expenses or sales transactions designated in currencies other than the functional currency of the operating unit. Foreign currency derivative contracts require the Company, at a future date, to either buy or sell foreign currency in exchange for the operating units’ local currency. Effectiveness for cash flow hedges is assessed at the inception of the hedging relationship and quarterly, thereafter. Gains and losses arising from these contracts that are included in the assessment of effectiveness are deferred into accumulated other comprehensive income (loss) (“AOCI”) and reclassified into income as the underlying operating transactions are recognized. These realized gains or losses offset the hedged transaction and are recorded on the same line in the statement of operations. The initial value of any component excluded from the assessment of effectiveness is recognized in income using a systematic and rational method over the life of the hedging instrument. Any difference between the change in fair value of the excluded component and amounts recognized in income under that systematic and rational method is recognized in AOCI. At December 31, 2024 and 2023, t he following foreign currency derivative contracts were outstanding and mature through the ending duration noted below: Foreign currency derivatives (in millions) 1 Functional currency Traded currency Notional in traded currency Notional in traded currency Ending duration British Pound Euro 84 83 Dec-26 Chinese Renminbi U.S. Dollar 237 209 Dec-26 Euro British Pound 76 15 Jan-25 Euro Hungarian Forint 12,588 8,233 Dec-26 Euro Polish Zloty 690 573 Dec-26 Euro U.S. Dollar 214 152 Dec-26 Euro Swiss Franc 57 24 Dec-26 Thailand Baht U.S. Dollar 43 30 Dec-25 U.S. Dollar Chinese Renminbi 666 582 Aug-25 U.S. Dollar Korean Won 15,887 34,209 Nov-25 U.S. Dollar Mexican Peso 4,766 3,280 Dec-26 U.S. Dollar Thai Baht — 2,100 Jun-24 _____________________________ 1 Table above excludes non-significant traded currency pairings with total notional amounts less than $10 million U.S. Dollar equivalent as of December 31, 2024 or 2023. Net Investment Hedges In addition, the Company is also exposed to the risk that adverse changes in foreign currency exchange rates could impact its net investment in non-U.S. subsidiaries. The Company selectively uses cross-currency swaps to hedge that foreign currency exposure. At December 31, 2024 and 2023, the following cross-currency swap contracts were outstanding: Cross-currency swaps ( in millions ) December 31, 2024 December 31, 2023 Ending duration U.S. Dollar to Euro: Fixed receiving notional $ 1,100 $ 1,100 Jul-27 Fixed paying notional € 976 € 976 Jul-27 U.S. Dollar to Euro: Fixed receiving notional $ — $ 500 Mar-25 Fixed paying notional € — € 450 Mar-25 Fixed receiving notional $ 500 $ — Mar-29 Fixed paying notional € 470 € — Mar-29 U.S. Dollar to Japanese Yen: Fixed receiving notional $ 100 $ 100 Feb-29 Fixed paying notional ¥ 12,724 ¥ 12,724 Feb-29 In April 2024, the Company terminated its $500 million cross-currency swap contract originally maturing in March 2025, resulting in cash proceeds of $23 million, the corresponding gain is expected to remain in accumulated other comprehensive loss until the net investment is sold, completely liquidated or substantially liquidated. Concurrently, the Company executed a $500 million cross-currency swap contract maturing in March 2029. In addition, the Company has designated the €1,000 million 1.000% Senior Notes due May 19, 2031, as a net investment hedge of the foreign currency exposure of its investments in certain Euro-denominated subsidiaries. Refer to Note 14, “Debt,” to the Consolidated Financial Statements for more information. The Company assesses the effectiveness for net investment hedges at the inception of the hedging relationship and quarterly, thereafter. Gains and losses arising from these contracts that are included in the assessment of effectiveness are deferred into foreign currency translation adjustments and only released when the subsidiary being hedged is sold or substantially liquidated. The initial value of any component excluded from the assessment of effectiveness is recognized in income using a systematic and rational method over the life of the hedging instrument. Any difference between the change in fair value of the excluded component and amounts recognized in income under that systematic and rational method is recognized in AOCI. Fair Value of Derivative Instruments in the Balance Sheet At December 31, 2024 and 2023, the following amounts were recorded in the Consolidated Balance Sheets as being payable to or receivable from counterparties for derivative instruments under ASC Topic 815, “Derivatives and Hedging”: ( in millions ) Assets Liabilities Derivatives designated as hedging instruments Under Topic 815: Balance Sheet Location December 31, 2024 December 31, 2023 Balance Sheet Location December 31, 2024 December 31, 2023 Foreign currency Prepayments and other current assets $ 18 $ 30 Other current liabilities $ 23 $ 2 Foreign currency Other non-current assets $ 5 $ 1 Other non-current liabilities $ 5 $ — Net investment hedges Other non-current assets $ 84 $ 14 Other non-current liabilities $ — $ 2 Derivatives not designated as hedging instruments: Foreign currency Prepayments and other current assets $ 1 $ 2 Other current liabilities $ 4 $ 1 Effect of Derivatives on the Statements of Operations and Statements of Comprehensive Income (Loss) The table below shows deferred gains (losses) reported in AOCI as well as the amount expected to be reclassified to income in one year or less for designated net investment hedges. The amount expected to be reclassified to income in one year or less assumes no change in the current relationship of the hedged item at December 31, 2024 market rates. (in millions) Deferred gain (loss) in AOCI at Gain (loss) expected to be reclassified to income in one year or less Contract Type December 31, 2024 December 31, 2023 Net investment hedges: Cross-currency swaps $ 84 $ 12 $ — Foreign currency-denominated debt 168 100 — Total $ 252 $ 112 $ — Derivative instruments designated as hedging instruments as defined by ASC Topic 815 held during the period resulted in the following gains and losses recorded in income shown in the table below. Certain prior period amounts have been revised and moved to these tables from the table disclosing gains recorded on derivatives not designated as hedging instruments. Year ended December 31, 2024 (in millions) Net sales Cost of sales Selling, general and administrative expenses Other comprehensive income Total amounts of earnings and other comprehensive income line items in which the effects of cash flow hedges are recorded $ 14,086 $ 11,438 $ 1,350 $ (192) Gain (loss) on cash flow hedging relationships: Foreign currency Gain (loss) recognized in other comprehensive income $ (2) Gain (loss) reclassified from AOCI to income $ 3 $ 33 $ (1) $ — Year ended December 31, 2023 ( in millions ) Net sales Cost of sales Selling, general and administrative expenses Other comprehensive income Total amounts of earnings and other comprehensive income line items in which the effects of cash flow hedges are recorded $ 14,198 $ 11,630 $ 1,316 $ 48 Gain (loss) on cash flow hedging relationships: Foreign currency Gain (loss) recognized in other comprehensive income $ 59 Gain (loss) reclassified from AOCI to income $ — $ — $ 34 $ — Year ended December 31, 2022 (in millions) Net sales Cost of sales Selling, general and administrative expenses Other comprehensive income Total amounts of earnings and other comprehensive income line items in which the effects of cash flow hedges are recorded $ 12,635 $ 10,266 $ 1,290 $ (325) Gain (loss) on cash flow hedging relationships: Foreign currency Gain (loss) recognized in other comprehensive income $ 20 Gain (loss) reclassified from AOCI to income $ — $ — $ 16 $ — The gains or losses recorded in income related to components excluded from the assessment of effectiveness for derivative instruments designated as cash flow hedges were immaterial for the periods presented. Gains and losses on derivative instruments designated as net investment hedges were recognized in other comprehensive income (loss) during the periods presented below. ( in millions ) Year Ended December 31, Net investment hedges 2024 2023 2022 Foreign currency $ — $ — $ 6 Cross-currency swaps $ 72 $ (55) $ 129 Foreign currency-denominated debt $ 68 $ (33) $ 67 Derivatives designated as net investment hedge instruments as defined by ASC Topic 815 held during the period resulted in the following gains recorded in Interest expense on components excluded from the assessment of effectiveness: ( in millions ) Year Ended December 31, Net investment hedges 2024 2023 2022 Cross-currency swaps $ 23 $ 25 $ 26 There were no gains or losses recorded in income related to components excluded from the assessment of effectiveness for foreign currency-denominated debt designated as net investment hedges. There were no gains or losses reclassified from AOCI for net investment hedges during the periods presented. Derivatives Not Designated as Hedges Derivatives not designated as hedging instruments are used to hedge remeasurement exposures of monetary assets and liabilities denominated in currencies other than the operating units' functional currency. These derivatives resulted in the gains (losses) recorded in income as shown in the table below. Certain prior period amounts have been moved from this table to the table disclosing gains and losses recorded on derivatives designated as hedging instruments. (in millions) Year Ended December 31, Contract Type Location 2024 2023 2022 Foreign Currency Selling, general and administrative expenses $ 2 $ (15) $ 7

RETIREMENT BENEFIT PLANS

RETIREMENT BENEFIT PLANS	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
RETIREMENT BENEFIT PLANS	RETIREMENT BENEFIT PLANS The Company sponsors various defined contribution savings plans, primarily in the U.S., that allow employees to contribute a portion of their pre-tax and/or after-tax income in accordance with plan specified guidelines. Under specified conditions, the Company will make contributions to the plans and/or match a percentage of the employee contributions up to certain limits. Total expense related to the defined contribution plans was $46 million, $45 million and $59 million in the years ended December 31, 2024, 2023 and 2022, respectively. The Company has a number of defined benefit pension plans and other postemployment benefit plans covering eligible salaried and hourly employees and their dependents. The defined pension benefits provided are primarily based on (i) years of service and (ii) average compensation or a monthly retirement benefit amount. The Company provides defined benefit pension plans in Germany, India, Italy, Japan, Mexico, Poland, South Korea, Sweden, Switzerland, Thailand, Turkey, U.K. and the U.S. The other postemployment benefit plans, which provide medical benefits, are unfunded plans. The Company’s U.S. and U.K. defined benefit plans are frozen, and no additional service cost is being accrued. All pension and other postemployment benefit plans in the U.S. have been closed to new employees. The measurement date for all plans is December 31. In December 2024, the Company entered into a second buy-in contract (the first buy-in contract was entered into in 2019) with an insurance company related to its U.K. pension plan. Pursuant to this agreement, the Company liquidated approximately $50 million of pension plan assets to invest in an insurance annuity. At December 31, 2024, the U.K. pension plan had plan assets of $118 million, of which 83% were held by the insurance company and invested in insurance annuities. The remaining plan assets of 17% were held in cash and transferred to the insurance company in January 2025. The projected benefit obligation of the U.K. pension plan at December 31, 2024 was $98 million under U.S. GAAP. The U.K. pension plan was overfunded by $20 million and $18 million as of December 31, 2024, and 2023, respectively, under U.S. GAAP. The PHINIA-related defined benefits pension assets, liabilities and benefits (costs) are included in the tables below for periods prior to the Spin-Off, as they are not reported as discontinued operations in accordance with ASC Topic 205-20, “Discontinued Operations”. The following table summarizes the expenses for the Company’s defined contribution and defined benefit pension plans and the other postemployment benefit plans: Year Ended December 31, (in millions) 2024 2023 2022 Defined contribution expense $ 46 $ 45 $ 59 Defined benefit pension (income) expense 26 26 (10) Other postemployment benefit income — — (1) Total $ 72 $ 71 $ 48 The following provides a roll forward of the plans’ benefit obligations, plan assets, funded status and recognition in the Consolidated Balance Sheets: Pension benefits Other postemployment benefits Year Ended December 31, 2024 2023 Year Ended December 31, (in millions) U.S. Non-U.S. U.S. Non-U.S. 2024 2023 Change in projected benefit obligation: Projected benefit obligation, January 1 $ 131 $ 478 $ 136 $ 1,322 $ 33 $ 37 Service cost — 13 — 11 — — Interest cost 6 19 7 42 1 2 Plan amendments — (1) — — — — Settlement and curtailment — (6) — 3 — — Actuarial loss (gain) (3) — 2 25 (1) — Currency translation — (32) — 57 — — PHINIA Spin-Off — — — (938) — (1) Benefits paid (13) (20) (14) (44) (4) (5) Projected benefit obligation, December 31 1 $ 121 $ 451 $ 131 $ 478 $ 29 $ 33 Change in plan assets: Fair value of plan assets, January 1 $ 123 $ 392 $ 129 $ 1,156 Actual return on plan assets — 14 7 50 Employer contribution 16 23 1 20 Plan participants’ contribution — 1 — 1 Settlements — (9) — (3) Currency translation — (21) — 53 PHINIA Spin-Off — — — (841) Benefits paid (13) (20) (14) (44) Fair value of plan assets, December 31 $ 126 $ 380 $ 123 $ 392 Funded status $ 5 $ (71) $ (8) $ (86) $ (29) $ (33) Amounts in the Consolidated Balance Sheets consist of: Non-current assets $ 8 $ 44 $ — $ 30 $ — $ — Current liabilities (1) (5) (1) (5) (4) (5) Non-current liabilities (2) (110) (7) (111) (25) (28) Net amount $ 5 $ (71) $ (8) $ (86) $ (29) $ (33) Amounts in accumulated other comprehensive loss consist of: Net actuarial loss $ 78 $ 103 $ 77 $ 112 $ (4) $ (3) Net prior service (credit) cost (1) 1 (2) 1 (7) (8) Net amount $ 77 $ 104 $ 75 $ 113 $ (11) $ (11) Total accumulated benefit obligation for all plans $ 121 $ 423 $ 131 $ 450 _____________________________ 1 The decrease in the projected benefit obligation was primarily due to benefits paid and actuarial gains during the period. The main driver of these gains was the increase of 0.40% in the weighted average discount rate for U.S. plans. The funded status of pension plans with accumulated benefit obligations in excess of plan assets is as follows: December 31, (in millions) 2024 2023 Accumulated benefit obligation $ (180) $ (338) Plan assets 85 235 Deficiency $ (95) $ (103) Pension deficiency by country: United States $ (2) $ (8) Germany (32) (39) Other (61) (56) Total pension deficiency $ (95) $ (103) The funded status of pension plans with projected benefit obligations in excess of plan assets is as follows: December 31, (in millions) 2024 2023 Projected benefit obligation $ (214) $ (360) Plan assets 97 237 Deficiency $ (117) $ (123) Pension deficiency by country: United States $ (2) $ (8) Germany (32) (40) Other (83) (75) Total pension deficiency $ (117) $ (123) The weighted average asset allocations of the Company’s funded pension plans and target allocations by asset category are as follows: December 31, Target Allocation 2024 2023 U.S. Plans: Alternative credit, real estate, cash and other 26 % 15 % 22% - 32% Fixed income securities 61 % 71 % 55% - 65% Equity securities 13 % 14 % 8% - 19% 100 % 100 % Non-U.S. Plans: Insurance contract, real estate, cash and other 44 % 36 % 32% - 42% Fixed income securities 37 % 54 % 49% - 59% Equity securities 19 % 10 % 4% - 14% 100 % 100 % The Company’s investment strategy is to maintain actual asset weightings within a preset range of target allocations. The Company believes these ranges represent an appropriate risk profile for the planned benefit payments of the plans based on the timing of the estimated benefit payments. In each asset category, separate portfolios are maintained for additional diversification. Investment managers are retained in each asset category to manage each portfolio against its benchmark. Each investment manager has appropriate investment guidelines. In addition, the entire portfolio is evaluated against a relevant peer group. The defined benefit pension plans did not hold any Company securities as investments as of December 31, 2024 and 2023. A portion of pension assets is invested in common and commingled trusts. The Company expects to contribute a total of $20 million into its defined benefit pension plans during 2025. Of the $20 million in projected 2025 contributions, $6 million are contractually obligated, while any remaining payments would be discretionary. Refer to Note 16, “Fair Value Measurements,” to the Consolidated Financial Statements for more detail surrounding the fair value of each major category of plan assets, as well as the inputs and valuation techniques used to develop the fair value measurements of the plans’ assets at December 31, 2024 and 2023. See the table below for a breakout of net periodic benefit cost between U.S. and non-U.S. pension plans: Pension benefits Other postemployment benefits Year Ended December 31, 2024 2023 2022 Year Ended December 31, (in millions) U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. 2024 2023 2022 Service cost $ — $ 13 $ — $ 11 $ — $ 20 $ — $ — $ — Interest cost 6 19 7 42 4 37 1 2 1 Expected return on plan assets (6) (15) (6) (37) (8) (75) — — — Settlements, curtailments and other — 1 — 4 3 — — — — Amortization of unrecognized prior service (credit) cost (1) — (1) — (1) — (1) (2) (2) Amortization of unrecognized loss 4 5 3 3 3 7 — — — Net periodic cost (income) $ 3 $ 23 $ 3 $ 23 $ 1 $ (11) $ — $ — $ (1) The components of net periodic benefit cost other than the service cost component are included in Other postretirement expense in the Consolidated Statements of Operations. The Company’s weighted average assumptions used to determine the benefit obligations for its defined benefit pension and other postemployment benefit plans were as follows: December 31, (percent) 2024 2023 U.S. pension plans: Discount rate 5.54 5.14 Rate of compensation increase N/A N/A U.S. other postemployment benefit plans: Discount rate 5.39 5.10 Rate of compensation increase N/A N/A Non-U.S. pension plans: Discount rate 1 4.26 4.23 Rate of compensation increase 3.43 3.32 ________________ 1 Includes 5.57% and 4.61% for the U.K. pension plans for December 31, 2024 and 2023, respectively. The Company’s weighted average assumptions used to determine the net periodic benefit cost/(income) for its defined benefit pension and other postemployment benefit plans were as follows: Year Ended December 31, (percent) 2024 2023 2022 U.S. pension plans: Discount rate 5.14 5.47 2.73 Effective interest rate on benefit obligation 5.08 5.34 2.18 Expected long-term rate of return on assets 5.00 5.00 4.75 Average rate of increase in compensation N/A N/A N/A U.S. other postemployment plans: Discount rate 5.10 5.41 2.46 Effective interest rate on benefit obligation 5.06 5.29 1.84 Expected long-term rate of return on assets N/A N/A N/A Average rate of increase in compensation N/A N/A N/A Non-U.S. pension plans: Discount rate 1 4.23 4.85 1.97 Effective interest rate on benefit obligation 4.24 4.88 1.83 Expected long-term rate of return on assets 2 4.10 4.90 4.10 Average rate of increase in compensation 3.32 3.58 3.21 ________________ 1 Includes 4.61%, 4.94% and 1.91% for the U.K. pension plans for December 31, 2024, 2023 and 2022, respectively. 2 Includes 4.00%, 5.30% and 4.12% for the U.K. pension plans for December 31, 2024, 2023 and 2022, respectively. The Company's approach to establishing the discount rate is based upon the market yields of high-quality corporate bonds, with appropriate consideration of each plan's defined benefit payment terms and duration of the liabilities. In determining the discount rate, the Company utilizes a full-yield approach in the estimation of service and interest components by applying the specific spot rates along the yield curve used in the determination of the benefit obligation to the relevant projected cash flows. The Company determines its expected return on plan asset assumptions by evaluating estimates of future market returns and the plans’ asset allocation. The Company also considers the impact of active management of the plans’ invested assets. The estimated future benefit payments for the pension and other postemployment benefits are as follows: Pension benefits Other postemployment benefits (in millions) Year U.S. Non-U.S. 2025 $ 15 $ 24 $ 5 2026 12 31 4 2027 12 26 4 2028 11 28 3 2029 11 29 3 2030-2034 46 161 11 The weighted average rate of increase in the per capita cost of covered health care benefits is projected to range from 7.00% in 2025 down to an ultimate trend rate of 4.75%.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION The Company has granted restricted common stock and restricted stock units (collectively, “restricted stock”) and performance share units as long-term incentive awards to employees and non-employee directors under the BorgWarner Inc. 2018 Stock Incentive Plan, as amended (“2018 Plan”) and BorgWarner Inc. 2023 Stock Incentive Plan (“2023 Plan”). The Company’s Board of Directors adopted the 2023 Plan as a replacement to the 2018 Plan in April 2023, and the Company’s stockholders approved the 2023 Plan at the annual meeting of stockholders on April 26, 2023. The 2023 Plan authorizes the issuance of a total of 11.3 million shares and approximately 6.4 million shares were available for future issuance as of December 31, 2024. Restricted Stock: The value of restricted stock is determined by the market value of the Company’s common stock at the date of grant. In 2024, restricted stock in the amount of 1.2 million shares were granted to employees and less than 0.1 million shares were granted to non-employee directors. The value of the awards is recognized as compensation expense ratably over the restriction periods, generally two Restricted stock compensation expense from continuing operations recorded in the Consolidated Statements of Operations is as follows: Year Ended December 31, (in millions, except per share data) 2024 2023 2022 Restricted stock compensation expense $ 36 $ 37 $ 28 Restricted stock compensation expense, net of tax $ 27 $ 28 $ 21 A summary of the status of the Company’s nonvested restricted stock for employees and non-employee directors is as follows: Shares subject to restriction Weighted average grant date fair value Nonvested at January 1, 2022 2,363 $ 40.24 Granted 1,060 $ 44.32 Vested (862) $ 38.68 Forfeited (188) $ 42.09 Nonvested at December 31, 2022 2,373 $ 42.47 Granted 1,099 $ 48.19 Vested (917) $ 39.80 Forfeited (111) $ 44.63 PHINIA Spin-Off awards transferred 1 (389) $ 45.80 PHINIA Spin-Off adjustment 2 274 $ — Nonvested at December 31, 2023 2,329 $ 40.57 Granted 1,317 $ 33.75 Vested (923) $ 44.21 Forfeited (198) $ 43.04 Nonvested at December 31, 2024 2,525 $ 35.49 ________________ 1 Represents the cancellation of awards outstanding as of Distribution Date held by PHINIA employees. PHINIA employees were granted PHINIA restricted stock after the Spin-Off replacing the cancelled awards. 2 Represents the adjustment of unvested awards using a conversion ratio of 1.13 to 1 to preserve the intrinsic value of the awards prior to Spin-Off as authorized by the 2023 Plan and 2018 Plan. Performance share units: The Company grants performance share units to members of senior management that vest at the end of three-year periods based the following metrics: • Total Stockholder Return Units: This performance metric is based on the Company’s market performance in terms of total shareholder return relative to a peer group of automotive companies. Based on the Company’s relative ranking within the performance peer group, it is possible for awards to vest in a range of 0% up to 200% of target shares. The Company recognizes compensation expense relating to this performance share plan ratably over the performance period regardless of whether the market conditions are expected to be achieved. Compensation expense associated with the performance share plans is calculated using a lattice model (Monte Carlo simulation). As of December 31, 2024, there was $9 million of unrecognized compensation expense related to total stockholder return units that will be recognized over a weighted average period of approximately 1.6 years. • eProduct Revenue Mix : Introduced in the first quarter of 2021, this performance metric is based on the Company’s total revenue derived from eProducts in relation to its total proforma revenue in the third year of the performance period. Based on the Company’s eProduct revenue mix, it is possible for awards to vest in a range of 0% up to 200% of target shares. The value of this performance share award is determined by the market value of the Company’s common stock at the date of grant. The Company recognizes compensation expense relating to this performance share plan over the performance period based on the number of shares expected to vest at the end of each reporting period. The actual performance of the Company is evaluated quarterly and the expense is adjusted according to projections at that time. As of December 31, 2024, there was $2 million of unrecognized compensation expense related to the eProduct revenue mix units that will be recognized over a weighted average period of approximately 1.0 year. The unrecognized amount of compensation expense is based on projected performance as of December 31, 2024. • Cumulative Free Cash Flow : Introduced in the first quarter of 2021, this performance metric is based on the Company’s performance in terms of its operating cash flow less capital expenditures over the three-year performance periods. Based on the Company’s cumulative free cash flow, it is possible for awards to vest in a range of 0% up to 200% of target shares. The value of this performance share award is determined by the market value of the Company’s common stock at the date of grant. The Company recognizes compensation expense relating to this performance share plan over the performance period based on the number of shares expected to vest at the end of each reporting period. The actual performance of the Company is evaluated quarterly and the expense is adjusted according to projections at that time. As of December 31, 2024, there was $3 million of unrecognized compensation expense related to the cumulative free cash flow units that will be recognized over a weighted average period of approximately 1.0 year. The unrecognized amount of compensation expense is based on projected performance as of December 31, 2024. • eProduct Revenue : Introduced in the first quarter of 2022, this performance metric is based on the amount of the Company’s total revenue derived from eProducts in the third year of the performance period. Based on the Company’s eProduct revenue, it is possible for awards to vest in a range of 0% up to 200% of target shares. The value of this performance share award is determined by the market value of the Company’s common stock at the date of grant. The Company recognizes compensation expense relating to this performance share plan over the performance period based on the number of shares expected to vest at the end of each reporting period. The actual performance of the Company is evaluated quarterly and the expense is adjusted according to projections at that time. As of December 31, 2024, there was $6 million of unrecognized compensation expense related to the eProduct revenue units that will be recognized over a weighted average period of approximately 1.7 years. The unrecognized amount of compensation expense is based on projected performance as of December 31, 2024. • eProduct Adjusted Operating Margin : Introduced in the first quarter of 2024, this performance metric is based on the amount of the Company’s operating income derived from eProducts adjusted to eliminate the impact of expenses not reflective of the Company’s ongoing operations attributable to eProducts, divided by externally reported sales derived from eProducts, both measured in the third year of the performance period. Based on the Company’s eProduct Adjusted Operating margin, it is possible for awards to vest in a range of 0% up to 200% of target shares. The value of this performance share award is determined by the market value of the Company’s common stock at the date of grant. The Company recognizes compensation expense relating to this performance share plan over the performance period based on the number of shares expected to vest at the end of each reporting period. The actual performance of the Company is evaluated quarterly and the expense is adjusted according to projections at that time As of December 31, 2024, there was $4 million of unrecognized compensation expense related to the eProduct Adjusted Operating margin units that will be recognized over a weighted average period of approximately 2.0 years. The unrecognized amount of compensation expense is based on projected performance as of December 31, 2024. • Foundational Adjusted Operating Margin : Introduced in the first quarter of 2024, this performance metric is based on the amount of the Company’s operating income derived from Foundational products adjusted to eliminate the impact of expenses not reflective of the Company’s ongoing operations attributable to Foundational products, divided by externally reported sales on Foundational products, both measured in the third year of the performance period. Based on the Company’s Foundational Adjusted Operating margin, it is possible for awards to vest in a range of 0% up to 200% of target shares. The value of this performance share award is determined by the market value of the Company’s common stock at the date of grant. The Company recognizes compensation expense relating to this performance share plan over the performance period based on the number of shares expected to vest at the end of each reporting period. The actual performance of the Company is evaluated quarterly and the expense is adjusted according to projections at that time. As of December 31, 2024, there was $4 million of unrecognized compensation expense related to the Foundational Adjusted Operating margin units that will be recognized over a weighted average period of approximately 2.0 years. The unrecognized amount of compensation expense is based on projected performance as of December 31, 2024. The amounts expensed and common stock issued from continuing operations for performance share units for the years ended December 31, 2024, 2023 and 2022 were as follows: Year Ended December 31, 2024 2023 2022 Expense (in millions) Number of shares issued (in thousands) Expense (in millions) Number of shares issued (in thousands) Expense (in millions) Number of shares issued (in thousands) Total Stockholder Return $ 8 257 $ 8 107 $ 6 — Other Performance-Based 18 558 13 313 30 284 Total $ 26 815 $ 21 420 $ 36 284 A summary of the status of the Company’s nonvested performance share units for the years ended December 31, 2024, 2023 and 2022 were as follows: Total Stockholder Return Other Performance-Based Number of shares (in thousands) Weighted average grant date fair value Number of shares (in thousands) Weighted average grant date fair value Nonvested at January 1, 2022 259 $ 56.90 640 $ 42.14 Granted 138 $ 66.96 415 $ 44.33 Vested (127) $ 28.55 (234) $ 34.73 Forfeited (20) $ 59.87 (56) $ 43.35 Nonvested at December 31, 2022 250 $ 76.68 765 $ 45.51 Granted 135 $ 79.39 405 $ 48.06 Vested (114) $ 70.39 (341) $ 45.14 Forfeited (11) $ 68.66 (34) $ 44.96 PHINIA Spin-Off awards transferred 1 (22) $ 72.33 (67) $ 46.03 PHINIA Spin-Off adjustment 2 35 $ — 106 $ — Nonvested at December 31, 2023 273 $ 71.37 834 $ 41.08 Granted 205 $ 46.54 616 $ 33.91 Vested (104) $ 66.89 (315) $ 44.23 Forfeited (37) $ 70.32 (111) $ 45.07 Nonvested at December 31, 2024 337 $ 57.72 1,024 $ 35.36 ________________ 1 Represents the cancellation of awards outstanding as of Distribution Date held by PHINIA employees. PHINIA employees were granted PHINIA restricted stock after the Spin-Off replacing the cancelled awards. 2 Represents the adjustment of unvested awards using a conversion ratio of 1.13 to 1 to preserve the intrinsic value of the awards prior to Spin-Off as authorized by the 2023 Plan and 2018 Plan.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE LOSS	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	ACCUMULATED OTHER COMPREHENSIVE LOSS The following table summarizes the activity within accumulated other comprehensive loss. Certain prior period amounts have been updated to reflect the gains and losses on hedge instruments that were reclassified to the income statement. (in millions) Foreign currency translation adjustments Hedge instruments Defined benefit postretirement plans Total Beginning Balance, January 1, 2022 $ (423) $ — $ (128) $ (551) Comprehensive (loss) income before reclassifications (287) 20 (14) (281) Income taxes associated with comprehensive (loss) income before reclassifications (40) — 7 (33) Reclassification from accumulated other comprehensive (loss) income — (16) 7 (9) Income taxes reclassified into net earnings — — (2) (2) Ending Balance December 31, 2022 $ (750) $ 4 $ (130) $ (876) Comprehensive (loss) income before reclassifications 27 59 (9) 77 Income taxes associated with comprehensive (loss) income before reclassifications 24 — (5) 19 Reclassification from accumulated other comprehensive (loss) income — (34) 3 (31) Income taxes reclassified into net earnings — — (1) (1) Spin-Off of PHINIA (20) (1) 5 (16) Ending Balance December 31, 2023 $ (719) $ 28 $ (137) $ (828) Comprehensive (loss) income before reclassifications (124) (2) 19 (107) Income taxes associated with comprehensive (loss) income before reclassifications (39) — (2) (41) Reclassification from accumulated other comprehensive (loss) income — (35) (7) (42) Income taxes reclassified into net earnings — — (2) (2) Ending Balance December 31, 2024 $ (882) $ (9) $ (129) $ (1,020) The change in other comprehensive income for the Company’s noncontrolling interest entities is related to foreign currency translation.

CONTINGENCIES

CONTINGENCIES	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES In the normal course of business, the Company is party to various commercial and legal claims, actions and complaints, including matters involving warranty claims, intellectual property claims, governmental investigations and related proceedings, general liability and other risks. It is not possible to predict with certainty whether or not the Company will ultimately be successful in any of these commercial and legal matters or what the impact might be. The Company does not believe that adverse outcomes in any of these commercial and legal claims, actions and complaints are reasonably likely to have a material adverse effect on the Company’s results of operations, financial position or cash flows. An adverse outcome could, nonetheless, be material to the results of operations or cash flows as the ultimate resolutions of these matters are inherently unpredictable. On September 19, 2024, the Company commenced a lawsuit against PHINIA, seeking to recover from PHINIA approximately $120 million of value added tax (“VAT”) refunds that PHINIA has received or expects to receive from governmental agencies as well as damages and interest, which PHINIA has refused to pay to the Company. These refunds consist of VAT paid by the Company in periods prior to or directly related to the Spin-Off through which the Company established PHINIA as an independent company. Prior to the initiation of the lawsuit, PHINIA had paid certain VAT refund amounts to the Company. The Company asserts PHINIA’s obligation to pay the Company these VAT refunds and related amounts is plainly set forth in a binding tax matters agreement between the Company and PHINIA, which the parties agreed to prior to the Spin-Off. As of December 31, 2024, the Company had an asset related to these VAT refunds of approximately $120 million, which is included in Receivables, net on the Consolidated Balance Sheet. Environmental The Company and certain of its current and former direct and indirect corporate predecessors, subsidiaries and divisions have been identified by the United States Environmental Protection Agency and certain state environmental agencies and private parties as potentially responsible parties (“PRPs”) at various hazardous waste disposal sites under the Comprehensive Environmental Response, Compensation and Liability Act (“Superfund”) and equivalent state or local laws and, as such, may be currently or may have been liable for the cost of clean-up and other remedial activities at 17 such sites as of both December 31, 2024 and 2023, respectively. Responsibility for clean-up and other remedial activities at a Superfund site is typically shared among PRPs based on an allocation formula. The Company believes that none of these matters, individually or in the aggregate, will have a material adverse effect on its results of operations, financial position or cash flows. Generally, this is because either the estimates of the maximum potential liability at a site are not material or the liability will be shared with other PRPs, although no assurance can be given with respect to the ultimate outcome of any such matter. The Company has an accrual for environmental liabilities of $5 million and $6 million as of December 31, 2024 and 2023, respectively, included in Other current and Other non-current liabilities in the Consolidated Balance Sheets. As of December 31, 2024, this accrual, which relates to four of the sites, is based on information available to the Company (which, in most cases, includes an estimate of allocation of liability among PRPs; the probability that other PRPs, many of which are large, solvent public companies, will fully pay the cost apportioned to them; currently available information from PRPs and/or federal or state environmental agencies concerning the scope of contamination and estimated remediation and consulting costs; and remediation alternatives). Clean-up and other remedial activities are complete or nearing completion at the other 13 sites, for which there was no accrual as of December 31, 2024.

LEASES AND COMMITMENTS

LEASES AND COMMITMENTS	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
LEASES AND COMMITMENTS	LEASES AND COMMITMENTS The Company’s lease agreements primarily consist of real estate property, such as manufacturing facilities, warehouses, and office buildings, in addition to personal property, such as vehicles, manufacturing and information technology equipment. The Company determines whether a contract is or contains a lease at contract inception. The majority of the Company’s lease arrangements are comprised of fixed payments, and a limited number of these arrangements include a variable payment component based on certain index fluctuations. As of December 31, 2024, a significant portion of the Company’s leases were classified as operating leases. Generally, the Company’s operating leases have renewal options that extend the lease terms, and some include options to terminate the agreement or purchase the leased asset. The amortizable life of these assets is the lesser of its useful life or the lease term, including renewal periods reasonably assured of being exercised at lease inception. All leases with an initial term of 12 months or less without an option to extend or purchase the underlying asset that the Company is reasonably certain to exercise (“short-term leases”) are not recorded on the Consolidated Balance Sheets, and lease expense is recognized on a straight-line basis over the lease term. The following table presents the lease assets and lease liabilities as of December 31, 2024 and 2023: December 31, (in millions) 2024 2023 Assets Balance Sheet Location Operating leases Other non-current assets $ 177 $ 143 Finance leases Property, plant and equipment, net 20 25 Total lease assets $ 197 $ 168 Liabilities Current Operating leases Other current liabilities $ 38 $ 37 Finance leases Notes payable and other short-term debt 3 3 Non-current Operating leases Other non-current liabilities 144 112 Finance leases Long-term debt 20 23 Total lease liabilities $ 205 $ 175 The following table presents lease obligations arising from obtaining leased assets for the years ended December 31, 2024 and 2023: December 31, (in millions) 2024 2023 Operating leases $ 66 $ 63 Finance leases 2 17 Total lease obligations $ 68 $ 80 The following table presents the maturity of lease liabilities as of December 31, 2024: (in millions) Operating leases Finance leases 2025 $ 41 $ 5 2026 35 4 2027 29 4 2028 23 4 2029 18 2 After 2029 90 10 Total (undiscounted) lease payments $ 236 $ 29 Less: Imputed interest 54 6 Present value of lease liabilities $ 182 $ 23 In the years ended December 31, 2024, 2023 and 2022, the Company recorded operating lease expense of $41 million, $33 million and $32 million, respectively. In the years ended December 31, 2024, 2023 and 2022, the operating cash flows for operating leases were $38 million, $33 million and $30 million, respectively. In the years ended December 31, 2024, 2023 and 2022, the Company recorded short-term lease costs of $24 million, $29 million and $21 million, respectively. Finance lease costs and related cash flows were immaterial for the periods presented. ASC Topic 842, “Leases”, requires that the rate implicit in the lease be used if readily determinable. Generally, implicit rates are not readily determinable in the Company’s agreements, so the incremental borrowing rate is used instead for such lease arrangements. The incremental borrowing rates are determined using rates specific to the term of the lease, economic environments where lease activity is concentrated, value of lease portfolio, and assuming full collateralization of the loans. The following table presents the terms and discount rates: December 31, 2024 2023 Weighted average remaining lease term (years) Operating leases 8 8 Finance leases 7 8 Weighted average discount rate Operating leases 5.7 % 5.4 % Finance leases 6.3 % 6.2 %
LEASES AND COMMITMENTS	LEASES AND COMMITMENTS The Company’s lease agreements primarily consist of real estate property, such as manufacturing facilities, warehouses, and office buildings, in addition to personal property, such as vehicles, manufacturing and information technology equipment. The Company determines whether a contract is or contains a lease at contract inception. The majority of the Company’s lease arrangements are comprised of fixed payments, and a limited number of these arrangements include a variable payment component based on certain index fluctuations. As of December 31, 2024, a significant portion of the Company’s leases were classified as operating leases. Generally, the Company’s operating leases have renewal options that extend the lease terms, and some include options to terminate the agreement or purchase the leased asset. The amortizable life of these assets is the lesser of its useful life or the lease term, including renewal periods reasonably assured of being exercised at lease inception. All leases with an initial term of 12 months or less without an option to extend or purchase the underlying asset that the Company is reasonably certain to exercise (“short-term leases”) are not recorded on the Consolidated Balance Sheets, and lease expense is recognized on a straight-line basis over the lease term. The following table presents the lease assets and lease liabilities as of December 31, 2024 and 2023: December 31, (in millions) 2024 2023 Assets Balance Sheet Location Operating leases Other non-current assets $ 177 $ 143 Finance leases Property, plant and equipment, net 20 25 Total lease assets $ 197 $ 168 Liabilities Current Operating leases Other current liabilities $ 38 $ 37 Finance leases Notes payable and other short-term debt 3 3 Non-current Operating leases Other non-current liabilities 144 112 Finance leases Long-term debt 20 23 Total lease liabilities $ 205 $ 175 The following table presents lease obligations arising from obtaining leased assets for the years ended December 31, 2024 and 2023: December 31, (in millions) 2024 2023 Operating leases $ 66 $ 63 Finance leases 2 17 Total lease obligations $ 68 $ 80 The following table presents the maturity of lease liabilities as of December 31, 2024: (in millions) Operating leases Finance leases 2025 $ 41 $ 5 2026 35 4 2027 29 4 2028 23 4 2029 18 2 After 2029 90 10 Total (undiscounted) lease payments $ 236 $ 29 Less: Imputed interest 54 6 Present value of lease liabilities $ 182 $ 23 In the years ended December 31, 2024, 2023 and 2022, the Company recorded operating lease expense of $41 million, $33 million and $32 million, respectively. In the years ended December 31, 2024, 2023 and 2022, the operating cash flows for operating leases were $38 million, $33 million and $30 million, respectively. In the years ended December 31, 2024, 2023 and 2022, the Company recorded short-term lease costs of $24 million, $29 million and $21 million, respectively. Finance lease costs and related cash flows were immaterial for the periods presented. ASC Topic 842, “Leases”, requires that the rate implicit in the lease be used if readily determinable. Generally, implicit rates are not readily determinable in the Company’s agreements, so the incremental borrowing rate is used instead for such lease arrangements. The incremental borrowing rates are determined using rates specific to the term of the lease, economic environments where lease activity is concentrated, value of lease portfolio, and assuming full collateralization of the loans. The following table presents the terms and discount rates: December 31, 2024 2023 Weighted average remaining lease term (years) Operating leases 8 8 Finance leases 7 8 Weighted average discount rate Operating leases 5.7 % 5.4 % Finance leases 6.3 % 6.2 %

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The Company presents both basic and diluted earnings per share of common stock (“EPS”) amounts. Basic EPS is calculated by dividing net earnings attributable to BorgWarner Inc. by the weighted average shares of common stock outstanding during the reporting period. Diluted EPS is calculated by dividing net earnings attributable to BorgWarner Inc. by the weighted average shares of common stock and common stock equivalents outstanding during the reporting period. The dilutive impact of stock-based compensation is calculated using the treasury stock method. The treasury stock method assumes that the Company uses the assumed proceeds from the exercise of awards to repurchase common stock at the average market price during the period. The assumed proceeds under the treasury stock method include the purchase price that the grantee will pay in the future and compensation cost for future service that the Company has not yet recognized. The dilutive effects of performance-based stock awards described in Note 19, “Stock-Based Compensation,” to the Consolidated Financial Statements are included in the computation of diluted earnings per share at the level the related performance criteria are met through the respective balance sheet date. There were 0.9 million, 0.7 million and 0.8 million of performance share units excluded from the computation of the diluted earnings per share for the years ended December 31, 2024, 2023 and 2022, respectively, because the related performance criteria had not been met as of the balance sheet dates. The following table reconciles the numerators and denominators used to calculate basic and diluted earnings per share of common stock: Year Ended December 31, (in millions except share and per share amounts) 2024 2023 2022 Basic earnings per share: Net earnings from continuing operations $ 367 $ 632 $ 636 Weighted average shares of common stock outstanding 223.5 232.8 235.5 Basic earnings per share of common stock $ 1.64 $ 2.71 $ 2.70 Diluted earnings per share: Net earnings from continuing operations $ 367 $ 632 $ 636 Weighted average shares of common stock outstanding 223.5 232.8 235.5 Effect of stock-based compensation 1.3 1.6 1.3 Weighted average shares of common stock outstanding, including dilutive shares 224.8 234.4 236.8 Diluted earnings per share of common stock $ 1.63 $ 2.70 $ 2.69

REPORTING SEGMENTS AND RELATED

REPORTING SEGMENTS AND RELATED INFORMATION	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
REPORTING SEGMENTS AND RELATED INFORMATION	REPORTABLE SEGMENTS AND RELATED INFORMATION The Company discloses segment information under four reportable segments, consistent with the operating segments that are evaluated by management, including the chief operating decision maker (“CODM”). The Company’s CODM is its Chief Executive Officer. The reportable segments are further described below. These segments are strategic business groups, which are managed separately as each represents a specific grouping of related automotive components and systems. In previous years, the Company presented its results under three reportable segments: Air Management, Drivetrain & Battery Systems and ePropulsion. Effective July 1, 2024, the Company implemented a new business unit and management structure designed to further enhance the execution of the Company’s strategy. The Company now reports its results in the following four reportable segments: Turbos & Thermal Technologies, Drivetrain & Morse Systems, PowerDrive Systems and Battery & Charging Systems. The reportable segment disclosures have been updated accordingly, which included recasting prior period information for the new reporting structure. • Turbos & Thermal Technologies. This segment’s products include turbochargers, eBoosters, eTurbos, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, cabin heaters and battery heaters. • Drivetrain & Morse Systems. This segment’s products include control modules, friction and mechanical clutch products for automatic transmissions, torque-management products and rear-wheel drive (“RWD”) and all-wheel drive (“AWD”) transfer case systems and coupling systems. Additionally, the Drivetrain & Morse Systems products include chain systems and variable camshaft phasing products. • PowerDrive Systems (formerly ePropulsion). This segment’s products include power electronics such as inverters, onboard chargers, DC/DC converters and combination boxes, rotating electric machines, fully integrated drive modules (consisting of inverter, eMotor and gear reducer), and electronic controls. • Battery & Charging Systems. This segment’s products include high-performance lithium-ion battery systems for electrified bus-, truck- and off-highway applications and DC (direct current) fast chargers suitable for all types of electric vehicles. Segment Adjusted Operating Income (Loss) is the measure of segment income or loss used by the Company. Segment Adjusted Operating Income (Loss) is comprised of operating income adjusted for restructuring, merger, acquisition and divestiture expense, intangible asset amortization expense, impairment charges and other items not reflective of ongoing operating income or loss. The Company believes Segment Adjusted Operating Income (Loss) is most reflective of the operational profitability or loss of its reportable segments. The Company’s CODM uses Segment Adjusted Operating Income (Loss) and the expenses disclosed below to assess the performance of its reportable segments. The CODM uses this information to assist with decisions about future growth, capital investments and cost reduction initiatives by reviewing trends in the business, monitoring variances to historical results and previously forecasted information and performing other analytical comparisons. The following tables show segment information and Segment Adjusted Operating Income (Loss) for the Company’s reportable segments: 2024 Segment information Net sales Year-end assets Depreciation/ amortization Long-lived asset expenditures 1 (in millions) Customers Inter-segment Net Turbos & Thermal Technologies $ 5,885 $ 2 $ 5,887 $ 3,693 $ 177 $ 170 Drivetrain & Morse Systems 5,564 13 5,577 3,872 246 115 PowerDrive Systems 1,908 29 1,937 2,792 164 291 Battery & Charging Systems 729 — 729 1,082 57 82 Inter-segment eliminations — (44) (44) — — — Total 14,086 — 14,086 11,439 644 658 Corporate 2 — — — 2,554 29 13 Consolidated $ 14,086 $ — $ 14,086 $ 13,993 $ 673 $ 671 2023 Segment information Net sales Year-end assets Depreciation/ amortization Long-lived asset expenditures 1 (in millions) Customers Inter-segment Net Turbos & Thermal Technologies $ 6,007 $ 5 $ 6,012 $ 3,938 $ 170 $ 184 Drivetrain & Morse Systems 5,543 6 5,549 4,262 215 134 PowerDrive Systems 2,102 64 2,166 3,185 127 384 Battery & Charging Systems 546 — 546 1,335 39 96 Inter-segment eliminations — (75) (75) — — — Total 14,198 — 14,198 12,720 551 798 Corporate 2 — — — 1,733 31 34 Consolidated $ 14,198 $ — $ 14,198 $ 14,453 $ 582 $ 832 2022 Segment information Net sales Year-end assets Depreciation/ amortization Long-lived asset expenditures 1 (in millions) Customers Inter-segment Net Turbos & Thermal Technologies $ 5,468 $ (13) $ 5,455 $ 3,882 $ 162 $ 129 Drivetrain & Morse Systems 5,027 1 5,028 4,240 218 167 PowerDrive Systems 1,806 100 1,906 2,349 111 257 Battery & Charging Systems 334 1 335 1,178 29 57 Inter-segment eliminations — (89) (89) — — — Total 12,635 — 12,635 11,649 520 610 Corporate 2 — — — 1,683 32 12 Consolidated $ 12,635 $ — $ 12,635 $ 13,332 $ 552 $ 622 _______________ 1 Long-lived asset expenditures include capital expenditures and tooling outlays. 2 Corporate assets include cash and cash equivalents, investments and long-term receivables, and deferred income taxes. The following tables show segment expenses for the Company’s reportable segments. These expenses do not include non-comparable items that are excluded in the calculation of Segment Adjusted Operating Income (Loss): Segment Expenses Year ended December 31, 2024 (in millions) Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems Battery & Charging Systems Net sales $ 5,887 $ 5,577 $ 1,937 $ 729 Cost of sales 4,724 4,413 1,648 681 Selling, general and administrative expenses - R&D, net 170 118 384 51 Selling, general and administrative expenses - Other 114 38 60 47 Other segment items 1 2 (2) (11) (3) Segment Adjusted Operating Income (Loss) $ 877 $ 1,010 $ (144) $ (47) Year ended December 31, 2023 (in millions) Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems Battery & Charging Systems Net sales $ 6,012 $ 5,549 $ 2,166 $ 546 Cost of sales 4,865 4,413 1,826 581 Selling, general and administrative expenses - R&D, net 175 122 362 44 Selling, general and administrative expenses - Other 100 49 73 40 Other segment items 1 (2) 7 (5) (3) Segment Adjusted Operating Income (Loss) $ 874 $ 958 $ (90) $ (116) Year ended December 31, 2022 (in millions) Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems Battery & Charging Systems Net sales $ 5,455 $ 5,028 $ 1,906 $ 335 Cost of sales 4,392 4,045 1,558 327 Selling, general and administrative expenses - R&D, net 181 138 344 24 Selling, general and administrative expenses - Other 104 60 91 23 Other segment items 1 (5) 2 1 5 Segment Adjusted Operating Income (Loss) $ 783 $ 783 $ (88) $ (44) _______________ 1 Other segment items include other income and expenses to derive at segment adjusted operating income. Segment Adjusted Operating Income (Loss) Year Ended December 31, (in millions) 2024 2023 2022 Turbos & Thermal Technologies $ 877 $ 874 $ 783 Drivetrain & Morse Systems 1,010 958 783 PowerDrive Systems (144) (90) (88) Battery & Charging Systems (47) (116) (44) Segment Adjusted Operating Income 1,696 1,626 1,434 Corporate, including stock-based compensation 279 278 282 Restructuring expense 74 79 48 Intangible asset amortization expense 69 67 69 Impairment charges 646 29 30 Accelerated depreciation 50 4 — Change in accounting method (29) — — Adjustments associated with Spin-Off related balances 17 — — Commercial contract settlement 15 — — Loss (gain) on sale of businesses 6 (5) (13) Merger and acquisition expense, net 2 23 9 Loss (gain) on sale of assets 2 (13) — Other non-comparable items 19 4 — Equity in affiliates' earnings, net of tax (27) (30) (28) Unrealized and realized loss on equity and debt securities 1 174 73 Interest expense, net 20 10 51 Other postretirement expense (income) 13 15 — Earnings from continuing operations before income taxes and noncontrolling interest $ 539 $ 991 $ 913 Geographic Information During the year ended December 31, 2024, approximately 84% of the Company’s consolidated net sales were outside the U.S., attributing sales to the location of production rather than the location of the customer. Outside the U.S., China, Mexico, Germany, Poland, Hungary and South Korea exceeded 5% of consolidated net sales during the year ended December 31, 2024. The following table shows sales to customers and property, plant and equipment by country. Sales Property, plant and equipment (in millions) 2024 2023 2022 2024 2023 2022 United States $ 2,240 $ 2,334 $ 2,143 $ 718 $ 778 $ 469 Europe: Germany 1,680 1,669 1,443 352 393 354 Poland 1,160 1,121 937 356 342 277 Hungary 820 904 636 154 167 170 Other Europe 1,586 1,387 1,057 472 456 327 Total Europe 5,246 5,081 4,073 1,334 1,358 1,128 China 2,862 2,998 2,864 720 876 821 Mexico 1,644 1,759 1,726 412 374 612 South Korea 1,181 1,163 1,073 189 197 205 Other foreign 913 863 756 202 200 191 Total $ 14,086 $ 14,198 $ 12,635 $ 3,575 $ 3,783 $ 3,426 Sales to Major Customers Consolidated net sales to Ford (including its subsidiaries) were approximately 13%, 14% and 15% for the years ended December 31, 2024, 2023 and 2022, respectively. Consolidated net sales to Volkswagen (including its subsidiaries) were approximately 10%, 11% and 9% for the years ended December 31, 2024, 2023 and 2022. Such sales consisted of a variety of products to a variety of customer locations and regions. No other single customer accounted for more than 10% of consolidated net sales in any of the years presented. Sales by Product Line Sales of turbochargers for light vehicles represented approximately 21%, 22% and 25% of consolidated net sales for the years ended December 31, 2024, 2023 and 2022, respectively. No other single product line accounted for more than 10% of consolidated net sales in any of the years presented.

OPERATING CASH FLOWS AND OTHER

OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION	12 Months Ended
	Dec. 31, 2024
Supplemental Cash Flow Elements [Abstract]
OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION	OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION Year Ended December 31, (in millions) 2024 2023 2022 OPERATING ACTIVITIES OF CONTINUING OPERATIONS Net earnings $ 399 $ 695 $ 1,026 Net (loss) earnings from discontinued operations (29) (7) 308 Net earnings from continuing operations 428 702 718 Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations: Depreciation and tooling amortization 604 515 483 Intangible asset amortization 69 67 69 Restructuring expense, net of cash paid 6 66 41 Stock-based compensation expense 62 58 64 Loss (gain) on sales of businesses 6 (5) (16) Gain on debt extinguishment (10) (28) — Asset impairments 646 29 30 Change in accounting method (29) — — Realized and unrealized loss on debt and equity securities 1 174 73 Deferred income tax benefit (156) (44) (76) Other non-cash adjustments 8 (25) (33) Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations 1,207 807 635 Retirement plan contributions (45) (19) (21) Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments: Receivables 143 (482) (409) Inventories 31 (72) (158) Prepayments and other current assets (18) (3) 17 Accounts payable and accrued expenses (292) 375 433 Prepaid taxes and income taxes payable (40) (20) 25 Other assets and liabilities (32) 109 (60) Net cash provided by operating activities from continuing operations $ 1,382 $ 1,397 $ 1,180 SUPPLEMENTAL CASH FLOW INFORMATION Cash paid during the year for: Interest $ 121 $ 126 $ 131 Income taxes, net of refunds $ 406 $ 362 $ 268 Non-cash investing transactions: Period end accounts payable related to property, plant and equipment purchases $ 111 $ 148 $ 165

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
DISCONTINUED OPERATIONS	DISCONTINUED OPERATIONS The following table summarizes the financial results from discontinued operations of PHINIA. ( in millions ) Year Ended December 31, 2024 2023 2022 Net sales $ — $ 1,723 $ 3,348 Cost of sales — 1,362 2,616 Gross profit — 361 732 Selling, general and administrative expenses — 173 320 Restructuring expense — 7 11 Other operating expense, net 31 132 36 Operating (loss) income (31) 49 365 Equity in affiliates’ earnings, net of tax — (5) (10) Interest expense, net — — 1 Other postretirement income — — (31) Earnings from discontinued operations before income taxes (31) 54 405 (Benefit) provision for income taxes (2) 61 97 Net (loss) earnings from discontinued operations attributable to PHINIA $ (29) $ (7) $ 308 In connection with the Spin-Off, the Company entered into a transition services agreement through which the Company and PHINIA provided certain services to each other following the Spin-Off. These services were related to information technology, human resources, finance, facilities, procurement, sales, intellectual property and engineering. In December 2024, t he Company and PHINIA executed an amendment to the original transition services agreement to extend certain engineering services until September 30, 2025. The combined impact of these services is reported in results of continuing operations in the Consolidated Financial Statements. During the year ended December 31, 2024 and 2023, the Company provided services at a cost of $7 million and $13 million to PHINIA, respectively, and PHINIA provided services at a cost of $2 million and $3 million to the Company, respectively. The Company incurred $31 million, $134 million and $30 million of costs relating to the Spin-Off during the year ended December 31, 2024, 2023 and 2022, respectively, which are reflected within Net (loss) earnings from discontinued operations in the Company’s Consolidated Statements of Operations. Spin-Off costs are primarily comprised of professional fees and costs to separate certain operational activities, including costs to separate information technology systems which substantially concluded as of December 31, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net earnings	$ 338	$ 625	$ 944

Insider Trading Arrangements

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

Insider Trading Policies and Pr

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

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Collaborative Approach: The Company has implemented a comprehensive, cross-functional approach to identifying, preventing and mitigating cybersecurity threats and incidents. The Cybersecurity Program has various tools and programs in place to monitor and address potential threats and incidents impacting the Company’s operations and to determine the materiality of and ensure timely public disclosure of such threat or incident, if appropriate. Technical Safeguards: The Company deploys technical safeguards designed to protect the Company’s information systems from cybersecurity threats. The Company deploys tools in an effort to detect vulnerabilities, and when a weakness is identified, the Company seeks to assess the significance of the impact and mitigate before the weakness is exploited by an unauthorized actor. Incident Response and Recovery Plan: The Company has an incident response and recovery plan, which details the steps to be taken from the initial internal reporting of a potential cybersecurity incident. Third-Party Risk Management: The Company continues to review processes and procedures that identify and oversee cybersecurity risks presented by third parties, including service providers, vendors and other users of the Company’s systems. In December 2024, the Company updated its indirect Purchase Order Terms and Conditions, effective January 1, 2025, to address (i) supplier cybersecurity incident notification requirements and (ii) the Company’s right to audit supplier IT systems. Education and Awareness: The Company provides regular, mandatory training for applicable personnel on cybersecurity threats to help them identify, avoid and address cybersecurity threats and to communicate the Cybersecurity Program, including applicable policies, standards, processes and practices.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Collaborative Approach:
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	The Board and the Audit Committee actively discuss cybersecurity risks with management and among themselves. The CIO reports on the Cybersecurity Program and the Company’s approach to cybersecurity risk management to the Audit Committee of the Board of Directors two times a year and to the full Board periodically, as appropriate. These reports include updates on the Company’s cybersecurity risks and threats, the status of projects to strengthen the Company’s information security systems, assessments of the Cybersecurity Program, recent developments, evolving standards and emerging threats or trends within cybersecurity. The Audit Committee and Board receive prompt and timely information regarding cybersecurity threats and incidents that meet specified thresholds, as well as ongoing updates regarding any such threats or incidents until they have been addressed. The Cybersecurity Program is managed by the CIO, and the Company’s IT team is responsible for enterprise-wide informational technology, coordinating with various functions and business groups to ensure they are following best practices. The current CIO has over two decades of experience in various roles in information technology and information security. The CIO and the IT team work with the business to implement the Cybersecurity Program, which is designed to protect the Company’s information systems from cybersecurity threats and to promptly respond to any cybersecurity incidents in accordance with the Company’s Cybersecurity Incident Response Plan. The CIO and the IT team use detection tools to monitor for cybersecurity threats and incidents in real time, apply mitigation and remediation steps and then report such threats to the Audit Committee and the Board, as appropriate. The Company’s efforts include a wide range of actions, including audits, assessments, tabletop exercises, threat modeling, vulnerability testing and other exercises focused on evaluating and improving the effectiveness of the Company’s cybersecurity measures and planning. The Company engages in periodic assessment and testing of the Cybersecurity Program and may periodically engage a third-party expert to conduct assessments, audits and testing. The results of such assessments, audits and testing are reported to the CIO and the Audit Committee or full Board, as applicable, and the Company makes adjustments as appropriate. As of the date of this report, the Company is not aware of any material risks from cybersecurity threats that have materially affected or are reasonably likely to materially affect the Company, including its business strategy, results of operations, or financial condition. Despite the extensive approach we take to cybersecurity, we may not be successful in preventing or mitigating a cybersecurity incident that could have a material adverse effect on the Company or its stakeholders. See Item 1A. “Risk Factors” for a discussion of cybersecurity risks.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Board and the Audit Committee actively discuss cybersecurity risks with management and among themselves. The CIO reports on the Cybersecurity Program and the Company’s approach to cybersecurity risk management to the Audit Committee of the Board of Directors two times a year and to the full Board periodically, as appropriate.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Board and the Audit Committee actively discuss cybersecurity risks with management and among themselves. The CIO reports on the Cybersecurity Program and the Company’s approach to cybersecurity risk management to the Audit Committee of the Board of Directors two times a year and to the full Board periodically, as appropriate.
Cybersecurity Risk Role of Management [Text Block]	The Board and the Audit Committee actively discuss cybersecurity risks with management and among themselves. The CIO reports on the Cybersecurity Program and the Company’s approach to cybersecurity risk management to the Audit Committee of the Board of Directors two times a year and to the full Board periodically, as appropriate.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	The Board and the Audit Committee actively discuss cybersecurity risks with management and among themselves. The CIO reports on the Cybersecurity Program and the Company’s approach to cybersecurity risk management to the Audit Committee of the Board of Directors two times a year and to the full Board periodically, as appropriate.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	The current CIO has over two decades of experience in various roles in information technology and information security. The CIO and the IT team work with the business to implement the Cybersecurity Program, which is designed to protect the Company’s information systems from cybersecurity threats and to promptly respond to any cybersecurity incidents in accordance with the Company’s Cybersecurity Incident Response Plan.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The Board and the Audit Committee actively discuss cybersecurity risks with management and among themselves. The CIO reports on the Cybersecurity Program and the Company’s approach to cybersecurity risk management to the Audit Committee of the Board of Directors two times a year and to the full Board periodically, as appropriate. These reports include updates on the Company’s cybersecurity risks and threats, the status of projects to strengthen the Company’s information security systems, assessments of the Cybersecurity Program, recent developments, evolving standards and emerging threats or trends within cybersecurity. The Audit Committee and Board receive prompt and timely information regarding cybersecurity threats and incidents that meet specified thresholds, as well as ongoing updates regarding any such threats or incidents until they have been addressed. The Cybersecurity Program is managed by the CIO, and the Company’s IT team is responsible for enterprise-wide informational technology, coordinating with various functions and business groups to ensure they are following best practices. The current CIO has over two decades of experience in various roles in information technology and information security. The CIO and the IT team work with the business to implement the Cybersecurity Program, which is designed to protect the Company’s information systems from cybersecurity threats and to promptly respond to any cybersecurity incidents in accordance with the Company’s Cybersecurity Incident Response Plan. The CIO and the IT team use detection tools to monitor for cybersecurity threats and incidents in real time, apply mitigation and remediation steps and then report such threats to the Audit Committee and the Board, as appropriate. The Company’s efforts include a wide range of actions, including audits, assessments, tabletop exercises, threat modeling, vulnerability testing and other exercises focused on evaluating and improving the effectiveness of the Company’s cybersecurity measures and planning. The Company engages in periodic assessment and testing of the Cybersecurity Program and may periodically engage a third-party expert to conduct assessments, audits and testing. The results of such assessments, audits and testing are reported to the CIO and the Audit Committee or full Board, as applicable, and the Company makes adjustments as appropriate. As of the date of this report, the Company is not aware of any material risks from cybersecurity threats that have materially affected or are reasonably likely to materially affect the Company, including its business strategy, results of operations, or financial condition. Despite the extensive approach we take to cybersecurity, we may not be successful in preventing or mitigating a cybersecurity incident that could have a material adverse effect on the Company or its stakeholders. See Item 1A. “Risk Factors” for a discussion of cybersecurity risks.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation Certain prior period amounts have been reclassified to conform to current period presentation. Additionally, in the year ended December 31, 2024, the Company recognized a $19 million increase in Net earnings attributable to BorgWarner Inc. in the Consolidated Statement of Operations for the correction of misstatements related to certain accruals, of which $12 million related to 2023 (the remainder relates to periods prior to 2023). The Company has evaluated the effect of these out-of-period adjustments for the current reporting period, as well as on the previous interim and annual periods in which they should have been recognized, and concluded that these adjustments are not material to any of the periods affected. As discussed in the Introduction above, as a result of the Spin-Off, t he historical results of operations and the financial position of PHINIA for periods prior to the Spin-Off are presented as discontinued operations in these Consolidated Financial Statements. Refer to Note 26, “Discontinued Operations,” to the Consolidated Financial Statements for more information. The Company’s Consolidated Financial Statements reflect the results of acquisitions following the date of the respective acquisition. Refer to Note 2, “Acquisitions and Dispositions,” to the Consolidated Financial Statements for more information.
Use of estimates	Use of estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the accompanying notes, as well as the amounts of revenues and expenses reported during the periods covered by these financial statements and accompanying notes. Actual results could differ from those estimates.
Principles of Consolidation	Principles of consolidation
Change in accounting method	Change in accounting method
Joint ventures and equity securities	Joint ventures and equity securities The Company has investments in three unconsolidated joint ventures, NSK-Warner K.K. , Turbo Energy Private Limited, and Fast Warner Intelligent Control Systems Co., Ltd of which the Company owns 50%, 32.6%, and 49.0%, respectively. These joint ventures are non-controlled affiliates in which the Company exercises significant influence but does not have a controlling financial interest and, therefore, are accounted for under the equity method. Generally, under the equity method, the Company’s original investments in these joint ventures are recorded at cost and subsequently adjusted by the Company’s share of equity in income or losses. The Company monitors its equity method investments for indicators of other-than-temporary declines in fair value on an ongoing basis. If such a decline has occurred, an impairment charge is recorded, which is measured as the difference between the carrying value and the estimated fair value. The Company’s investment in these non-controlled affiliates is included within Investments and long-term receivables in the Consolidated Balance Sheets. The Company’s share of equity in income or losses is included in Equity in affiliates’ earnings, net of tax in the Consolidated Statements of Operations. The Company also has certain investments for which it does not have the ability to exercise significant influence (generally when ownership interest is less than 20%). The Company’s investment in these equity securities is included within Investments and long-term receivables in the Consolidated Balance Sheet. Refer to Note 10, “Other Current and Non-Current Assets,” to the Consolidated Financial Statements for more information. Interests in privately held companies that do not have readily determinable fair values are accounted for using the measurement alternative under ASC Topic 321, “Investments - Equity Securities,” which includes monitoring on an ongoing basis for indicators of impairments or upward adjustments. These equity securities are measured at cost less impairments, adjusted for observable price changes in orderly transactions for the identical or similar investment of the same issuer. If the Company determines that an indicator of impairment or upward adjustment is present, an adjustment is recorded, which is measured as the difference between carrying value and estimated fair value. Estimated fair value is generally determined using an income approach on discounted cash flows or negotiated transaction values. Equity securities that have readily determinable fair values are measured at fair value. Equity securities that do not have a readily determinable fair value and which provide a net asset value (“NAV”) or its equivalent, are valued using NAV as a practical expedient. Changes in fair value and NAV are recorded in Unrealized and realized loss on equity and debt securities in the Consolidated Statements of Operations. Debt securities During 2022, the Company invested $500 million in convertible debt securities of Wolfspeed, Inc. (“Wolfspeed”) as part of a strategic partnership with Wolfspeed. The Company elected to classify the debt security as trading and remeasured the investment quarterly using fair value in accordance with ASC Topic 320, “Investments.” In 2023, the investment in Wolfspeed was disposed and the Company recorded a loss in Unrealized and realized loss on equity and debt securities in the Consolidated Statements of Operations. Prior to the disposition, the changes in fair value were recorded in Unrealized and realized loss on equity and debt securities in the Consolidated Statements of Operations.
Business Combinations	Business combinations In accordance with ASC Topic 805, “Business Combinations,” acquisitions are recorded using the acquisition method of accounting. The Company includes the operating results of acquired entities from their respective dates of acquisition. The Company recognizes and measures the identifiable assets acquired, liabilities assumed, and any non-controlling interest at the acquisition date fair value. Various valuation techniques are used to determine the fair value of intangible assets, with the primary techniques being forms of the income approach, specifically the relief-from-royalty and multi-period excess earnings valuation methods. Under these valuation approaches, the Company is required to make estimates and assumptions from a market participant perspective that may include revenue growth rates, estimated earnings, royalty rates, obsolescence factors, contributory asset charges, customer attrition and discount rates. The excess, if any, of total consideration transferred in a business combination over the fair value of identifiable assets acquired, liabilities assumed and any non-controlling interest is recognized as goodwill. Costs incurred as a result of a business combination other than costs related to the issuance of debt or equity securities are recorded in the period the costs are incurred. During the measurement period, which may be up to one year from the acquisition date, the Company may record adjustments to assets acquired and liabilities assumed with the corresponding offset to goodwill.
Revenue recognition	Revenue recognition Revenue is recognized when performance obligations under the terms of a contract are satisfied, which generally occurs with the transfer of control of the products. For most products, transfer of control occurs upon shipment or delivery; however, a limited number of customer arrangements for highly customized products with no alternative use provide the Company with the right to payment during the production process. As a result, for these limited arrangements, revenue is recognized as goods are produced and control transfers to the customer using the input cost-to-cost method. Revenue is measured at the amount of consideration the Company expects to receive in exchange for transferring the goods. Although the Company may enter into long-term supply arrangements with its major customers, the prices and volumes are not fixed over the life of the arrangements, and a contract does not exist for purposes of applying ASC Topic 606, “Revenue from Contracts with Customers,” until volumes are contractually known. Sales incentives and allowances (including returns) are recognized as a reduction to revenue at the time of the related sale. The Company estimates the allowances based on an analysis of historical experience. Taxes assessed by a governmental authority collected by the Company concurrent with a specific revenue-producing transaction are excluded from net sales. Shipping and handling fees billed to customers are included in sales, while costs of shipping and handling are included in cost of sales. The Company has elected to apply the accounting policy election available under ASC Topic 606 and accounts for shipping and handling activities as a fulfillment cost. The Company has a limited number of arrangements with customers where the price paid by the customer is dependent on the volume of product purchased over the term of the arrangement. In other arrangements, the Company will provide a rebate to customers based on the volume of products purchased during the course of the arrangement. The Company estimates the volumes to be sold over the term of the arrangement and recognizes revenue based on the estimated amount of consideration to be received from these arrangements. The Company continually seeks business development opportunities and at times provides customer incentives for new program awards. The Company evaluates the underlying economics of each amount of consideration payable to a customer to determine the proper accounting by understanding the reasons for the payment, the rights and obligations resulting from the payment, the nature of the promise in the contract, and other relevant facts and circumstances. When the Company determines that the payments are incremental and incurred only if the new business is obtained and expects to recover these amounts from the customer over the term of the new business arrangement, the Company capitalizes these amounts. The Company recognizes a reduction to revenue as products that the upfront payments are related to are transferred to the customer, based on the total amount of products expected to be sold over the term of the arrangement (generally three
Cost of sales	Cost of sales The Company includes materials, direct labor and manufacturing overhead within cost of sales. Manufacturing overhead is comprised of indirect materials, indirect labor, factory operating costs, warranty costs and other such costs associated with manufacturing products for sale.
Cash and cash equivalents and Restricted cash	Cash and cash equivalents Cash and cash equivalents are valued at fair market value. It is the Company's policy to classify all highly liquid investments with original maturities of three months or less as cash and cash equivalents. Cash and cash equivalents are maintained with several financial institutions. Deposits held with banks may exceed the amount of insurance provided on such deposits. Generally, these deposits may be redeemed upon demand and are maintained with financial institutions of reputable credit and, therefore, bear minimal risk. Restricted cash
Receivables, net and long-term receivables	Receivables, net and long-term receivables Accounts receivable and long-term receivables are stated at cost less an allowance for credit losses. An allowance for credit losses is recorded for amounts that may become uncollectible in the future. The allowance for credit losses is an estimate based on expected losses, current economic and market conditions, and a review of the current status of each customer’s accounts receivable.
Inventories, net	Inventories, net
Pre-production costs related to long-term supply arrangements	Pre-production costs related to long-term supply arrangements Engineering, research and development and other design and development costs for products sold on long-term supply arrangements are expensed as incurred unless the Company has a contractual guarantee for reimbursement from the customer. Costs for molds, dies and other tools used to make products sold on long-term supply arrangements for which the Company has title to the assets are capitalized in property, plant and equipment and amortized to cost of sales over the shorter of the term of the arrangement or over the estimated useful lives of the assets, typically three
Property, plant and equipment, net	Property, plant and equipment, net three
Impairment of long-lived assets, including definite-lived intangible assets	Impairment of long-lived assets, including definite-lived intangible assets The Company reviews the carrying value of its long-lived assets, whether held for use or disposal, including other amortizing intangible assets, when events and circumstances warrant such a review under ASC Topic 360, “Property, Plant and Equipment.” In assessing long-lived assets for an impairment loss, assets are grouped with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. In assessing long-lived assets for impairment, management generally considers individual facilities to be the lowest level for which identifiable cash flows are largely independent. A recoverability review is performed using the undiscounted cash flows if there is a triggering event. If the undiscounted cash flow test for recoverability identifies a possible impairment, management will perform a fair value analysis. Management determines fair value under ASC Topic 820, “Fair Value Measurement,” using the appropriate valuation technique of market, income or cost approach. If the carrying value of a long-lived asset is considered impaired, an impairment charge is recorded for the amount by which the carrying value of the long-lived asset exceeds its fair value. Management believes that the estimates of future cash flows and fair value assumptions are reasonable; however, changes in assumptions underlying these estimates could affect the valuations. Significant judgments and estimates used by management when evaluating long-lived assets for impairment include (i) an assessment as to whether an adverse event or circumstance has triggered the need for an impairment review; (ii) undiscounted future cash flows generated by the asset; and (iii) fair valuation of the asset. During the year ended December 31, 2024, the Company recorded charges of $69 million related to certain property, plant and equipment at locations in the Company’s Battery & Charging Systems and PowerDrive Systems reporting segments. In the fourth quarter of 2024, the Company noted deterioration in the forecast of its PowerDrive Systems and Battery & Charging Systems businesses due to further decreases in demand for eProducts as compared to the Company’s expectations as a result of electric vehicle adoption volatility across different regions. This was viewed as a triggering event, and as a result, individual facilities were tested for recoverability. These impairment charges related to locations that failed a recoverability test or where management had initiated plans to liquidate certain assets. During the year ended December 31, 2023, the Company recorded charges of $29 million, primarily related to the write down of a customer incentive asset, a service and lease agreement termination and impairment of certain property, plant and equipment. During the year ended December 31, 2022, the Company recorded an impairment charge of $30 million to remove the AKASOL indefinite-lived trade name as the Company no longer plans to utilize this trade name in the business. The charges referenced above were recognized in Impairment charges within the Consolidated Statements of Operations.
Goodwill and other intangible assets	Goodwill and other intangible assets During the fourth quarter of each year, the Company tests goodwill for impairment by either performing a qualitative assessment or a quantitative analysis. In addition, the Company may test goodwill in between annual test dates if an event occurs or circumstances change that could indicate it is more-likely-than-not that the fair value of a reporting unit is below its carrying value. The qualitative assessment evaluates various events and circumstances, such as macroeconomic conditions, industry and market conditions, cost factors, relevant events and financial trends, that may impact a reporting unit's fair value. Using this qualitative assessment, the Company determines whether it is more-likely-than-not the reporting unit's fair value exceeds its carrying value. If it is determined that it is not more-likely-than-not the reporting unit's fair value exceeds the carrying value, or upon consideration of other factors, including recent acquisition, restructuring or disposal activity or to refresh the fair values, the Company performs a quantitative goodwill impairment analysis. The Company has definite-lived intangible assets related to patents and developed technology, customer relationships and trade names. The Company amortizes definite-lived intangible assets over their estimated useful lives. The Company also has intangible assets related to acquired trade names that are classified as indefinite-lived when there are no foreseeable limits on the periods of time over which they are expected to contribute cash flows. Costs to renew or extend the term of acquired intangible assets are recognized as expense as incurred. Similar to goodwill, the Company can elect to perform the impairment test for indefinite-lived intangibles other than goodwill (primarily trade names) using a qualitative analysis, considering similar factors as outlined in the goodwill discussion, to determine if it is more-likely-than-not that the fair value of the trade names is less than the respective carrying values. If the Company elects to perform or is required to perform a quantitative analysis, the test consists of a comparison of the fair value of the indefinite-lived intangible asset to the carrying value of the asset as of the impairment testing date. The Company estimates the fair value of indefinite-lived intangibles using the relief-from-royalty method, which it believes is an appropriate and widely used valuation technique for such assets. The fair value derived from the relief-from-royalty method is measured as the discounted cash flow savings realized from owning such trade names and not being required to pay a royalty for their use. During the year ended December 31, 2024, the Company recorded charges of $577 million primarily related to the goodwill at PowerDrive Systems and Battery & Charging Systems. These charges were recognized in Impairment charges within the Consolidated Statements of Operations.
Assets and liabilities held for sale	Assets and liabilities held for sale The Company classifies assets and liabilities (disposal groups) to be sold as held for sale in the period in which all of the following criteria are met: (1) management, having the authority to approve the action, commits to a plan to sell the disposal group; (2) the disposal group is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such disposal groups; (3) an active program to locate a buyer and other actions required to complete the plan to sell the disposal group have been initiated; (4) the sale of the disposal group is probable, and transfer of the disposal group is expected to qualify for recognition as a completed sale within one year, except if events or circumstances beyond the Company’s control extend the period of time required to sell the disposal group beyond one year; (5) the disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and (6) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. The Company initially measures a disposal group that is classified as held for sale at the lower of its carrying value or fair value less any costs to sell. Any loss resulting from this measurement is recognized in the period in which the held for sale criteria are met. Conversely, gains are not recognized on the sale of a disposal group until the date of sale. The Company assesses the fair value of a disposal group, less any costs to sell, each reporting period it remains classified as held for sale and reports any subsequent changes as an adjustment to the carrying value of the disposal group, as long as the new carrying value does not exceed the carrying value of the disposal group at the time it was initially classified as held for sale. Additionally, depreciation is not recorded during the period in which the long-lived assets, included in the disposal group, are classified as held for sale. Upon determining that a disposal group meets the criteria to be classified as held for sale, the Company reports the assets and liabilities of the disposal group, if material, in the line items assets held for sale and liabilities held for sale in the Consolidated Balance Sheets.
Product warranties	Product warranties The Company provides warranties on some, but not all, of its products. The warranty terms are typically from one
Other loss accruals and valuation allowances	Other loss accruals and valuation allowances The Company has numerous other loss exposures, such as customer claims, workers’ compensation claims, litigation and recoverability of certain assets. Establishing loss accruals or valuation allowances for these matters requires the use of estimates and judgment in regard to the risk exposure and ultimate realization. The Company estimates losses using consistent and appropriate methods; however, changes to its assumptions could materially affect the recorded accrued liabilities for loss or asset valuation allowances.
Environmental contingencies	Environmental contingencies The Company accounts for environmental costs in accordance with ASC Topic 450, “Contingencies.” Costs related to environmental assessments and remediation efforts at operating facilities are accrued when it is probable that a liability has been incurred and the amount of that liability can be reasonably estimated. Estimated costs are recorded at undiscounted amounts, based on experience and assessments and are regularly evaluated. The liabilities are recorded in Other current and Other non-current liabilities in the Company’s Consolidated Balance Sheets.
Government grants	Government grants The Company periodically receives government grants representing assistance provided by a government. These government grants are generally received in cash and typically provide reimbursement related to acquisition of property and equipment, product development or local governmental economic relief. The government grants are generally amortized using a systematic and rational method over the life of the grant. As of December 31, 2024, the Company recorded government grant related liabilities of $22 million in Other current liabilities Other non-current liabilities Selling, general and administrative expenses
Derivative financial instruments	Derivative financial instruments The Company recognizes that certain normal business transactions and foreign currency operations generate risk. Examples of risks include exposure to foreign currency exchange rate risk related to transactions denominated in currencies other than the functional currency, changes in commodity costs and interest rates. It is the objective of the Company to assess the impact of these transaction risks and offer protection from selected risks through various methods, including financial derivatives. Virtually all derivative instruments held by the Company are designated as hedges, have high correlation with the underlying exposure and are highly effective in offsetting underlying price movements. Accordingly, gains and losses from changes in qualifying hedge fair values are matched with the underlying transactions. Hedge instruments are generally reported gross, with no right to offset, on the Consolidated Balance Sheets at their fair value based on quoted market prices for contracts with similar maturities. The Company does not engage in any derivative transactions for purposes other than hedging specific operational risks.
Foreign currency	Foreign currency
Postretirement defined benefits	Postretirement defined benefits The Company’s defined benefit pension and other postemployment benefit plans are accounted for in accordance with ASC Topic 715, “Compensation - Retirement Benefits.” Disability, early retirement and other postemployment benefits are accounted for in accordance with ASC Topic 712, “Compensation - Nonretirement Postemployment Benefits.” Pensions and other postemployment benefit costs and related liabilities and assets are dependent upon assumptions used in calculating such amounts. These assumptions include discount rates, expected returns on plan assets, health care cost trends, compensation and other factors. In accordance with GAAP, actual results that differ from the assumptions used are accumulated and amortized over future periods, and accordingly, generally affect recognized expense in future periods.
Restructuring	Restructuring Restructuring costs may occur when the Company takes action to exit or significantly curtail a part of its operations or implements a reorganization that affects the nature and focus of operations. A restructuring charge can consist of severance costs associated with reductions to the workforce, costs to terminate an operating lease or contract, professional fees and other costs incurred related to the implementation of restructuring activities.
Income taxes	Income taxes In accordance with ASC Topic 740, “Income Taxes,” the Company’s income tax expense is calculated based on expected income and statutory tax rates in the various jurisdictions in which the Company operates and requires the use of management’s estimates and judgments. Accounting for income taxes is complex, in part because the Company conducts business globally and, therefore, files income tax returns in numerous tax jurisdictions. Management judgment is required in determining the Company’s worldwide provision for income taxes and recording the related assets and liabilities, including accruals for unrecognized tax benefits and assessing the need for valuation allowances. The determination of accruals for unrecognized tax benefits includes the application of complex tax laws in a multitude of jurisdictions across the Company’s global operations. Management judgment is required in determining the gross unrecognized tax benefits’ related liabilities. In the ordinary course of the Company’s business, there are many transactions and calculations where the ultimate tax determination is less than certain. Accruals for unrecognized tax benefits are established when, despite the belief that tax positions are supportable, there remain certain positions that do not meet the minimum probability threshold, which is a tax position that is more-likely-than-not to be sustained upon examination by the applicable taxing authority. The Company records valuation allowances to reduce the carrying value of deferred tax assets to amounts that it expects are more-likely-than-not to be realized. The Company assesses existing deferred tax assets, net operating losses and tax credit carryforwards by jurisdiction and expectations of its ability to utilize these tax attributes through a review of past, current and estimated future taxable income and tax planning strategies.
New Accounting Pronouncements	New Accounting Pronouncements Recently Adopted Accounting Standards In November 2023, the FASB issued ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” It requires incremental disclosures related to an entity’s reportable segments, including (i) significant segment expense categories and amounts for each reportable segment that are provided to the chief operating decision maker (“CODM”), (ii) an aggregate amount and description of other segment items included in each reported measure, (iii) all annual disclosures about a reportable segment’s profit or loss and assets required by Topic 280 to be disclosed in interim periods, (iv) the title and position of the individual or the name of the group identified as the CODM and (v) an explanation of how the CODM uses the reported measures of segment profit or loss to assess performance and allocate resources to the segment. The standard improves transparency by providing disaggregated expense information about an entity’s reportable segments. The standard does not change the definition of a segment, the method for determining segments or the criteria for aggregating operating segments into reportable segments. This guidance is effective for annual reporting periods beginning after December 15, 2023, and interim reporting periods beginning after December 15, 2024. The Company adopted this guidance retrospectively, providing the additional disclosures as required. Refer to Note 24, “Reportable Segments and Related Information” to the Consolidated Financial Statements for more information. Accounting Standards Not Yet Adopted In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” It requires entities to disaggregate information related to the effective tax rate reconciliation and income taxes paid. The standard improves transparency by providing more detailed income tax disclosures that would be useful in making capital allocation decisions. This guidance is effective for annual reporting periods beginning after December 15, 2024. The Company does not expect this guidance to have a material impact on its Consolidated Financial Statements. In November 2024, the FASB issued ASU No. 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses.” It requires entities to disclose, in the notes to financial statements, specified information related to certain costs and expenses disaggregated by type. The standard improves transparency by providing more detailed information about the components of costs and expenses that would enable investors to better understand the major components of an entity’s income statement by referencing specific disclosures in the notes to financial statements. This guidance is effective for annual reporting periods beginning after December 15, 2026. The Company does not expect this guidance to have a material impact on its Consolidated Financial Statements.

ACQUISITIONS AND DISPOSITIONS (

ACQUISITIONS AND DISPOSITIONS (Tables)	12 Months Ended
	Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Schedule of Other Intangible Assets Acquired	The following table summarizes the other intangible assets acquired: (in millions) Estimated Life Estimated Fair Value Developed technology 5 years $ 2 Customer relationships 6 years 1 Total other intangible assets $ 3

REVENUE FROM CONTRACTS WITH C_2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table represents a disaggregation of revenue from contracts with customers by Foundational products and eProducts for the years ended December 31, 2024, 2023, and 2022. Year Ended December 31, (in millions) 2024 2023 2022 Foundational products $ 11,751 $ 12,161 $ 11,163 eProducts 2,335 2,037 1,472 Total $ 14,086 $ 14,198 $ 12,635 The following table represents a disaggregation of revenue from contracts with customers by reportable segment and region for the years ended December 31, 2024, 2023, and 2022. The balances for prior periods have been recast for the reportable segment realignment for certain businesses that was completed in the third quarter of 2024. Refer to Note 24, “Reportable Segments and Related Information” of the Consolidated Financial Statements for additional details. Year ended December 31, 2024 ( in millions ) Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems Battery & Charging Systems Total North America $ 1,432 $ 1,943 $ 310 $ 199 $ 3,884 Europe 2,941 1,273 548 484 5,246 Asia 1,304 2,348 1,050 17 4,719 Other 208 — — 29 237 Total $ 5,885 $ 5,564 $ 1,908 $ 729 $ 14,086 Year ended December 31, 2023 ( in millions ) Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems Battery & Charging Systems Total North America $ 1,529 $ 1,972 $ 458 $ 134 $ 4,093 Europe 3,026 1,299 372 384 5,081 Asia 1,250 2,272 1,268 20 4,810 Other 202 — 4 8 214 Total $ 6,007 $ 5,543 $ 2,102 $ 546 $ 14,198 Year ended December 31, 2022 ( in millions ) Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems Battery & Charging Systems Total North America $ 1,422 $ 1,900 $ 500 $ 47 $ 3,869 Europe 2,571 1,017 198 287 4,073 Asia 1,293 2,110 1,099 — 4,502 Other 182 — 9 — 191 Total $ 5,468 $ 5,027 $ 1,806 $ 334 $ 12,635

RESTRUCTURING (Tables)

RESTRUCTURING (Tables)	12 Months Ended
	Dec. 31, 2024
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost	The following table represents restructuring expenses by reportable segment for the years ended December 31, 2024, 2023, and 2022. The balances for prior periods have been recast for the reportable segment realignment for certain businesses that was completed in the third quarter of 2024. Refer to Note 24, “Reportable Segments and Related Information” of the Consolidated Financial Statements for additional details. (in millions) Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems Battery & Charging Systems Corporate Total Year ended December 31, 2024 Employee termination benefits $ 21 $ 10 $ 10 $ 1 $ 1 $ 43 Other 18 1 12 — — 31 Total restructuring expense $ 39 $ 11 $ 22 $ 1 $ 1 $ 74 Year ended December 31, 2023 Employee termination benefits $ 63 $ 6 $ 1 $ — $ — $ 70 Other 7 2 — — — 9 Total restructuring expense $ 70 $ 8 $ 1 $ — $ — $ 79 Year ended December 31, 2022 Employee termination benefits $ 20 $ 18 $ — $ — $ — $ 38 Other — 9 1 — — 10 Total restructuring expense $ 20 $ 27 $ 1 $ — $ — $ 48
Schedule of Restructuring Reserve of Roll Forward of the Restructuring Liability	The following table displays a roll forward of the restructuring liability recorded within the Company’s Consolidated Balance Sheets and the related cash flow activity: (in millions) Employee termination benefits Other Total Balance at January 1, 2023 $ 39 $ 9 $ 48 Restructuring expense, net 70 9 79 Cash payments (43) (13) (56) Foreign currency translation adjustment and other 2 2 4 Balance at December 31, 2023 68 7 75 Restructuring expense, net 43 31 74 Cash payments (69) (33) (102) Foreign currency translation adjustment and other (3) — (3) Balance at December 31, 2024 $ 39 $ 5 $ 44 Less: Non-current restructuring liability 8 — 8 Current restructuring liability at December 31, 2024 $ 31 $ 5 $ 36

RESEARCH AND DEVELOPMENT COSTS

RESEARCH AND DEVELOPMENT COSTS (Tables)	12 Months Ended
	Dec. 31, 2024
Research and Development [Abstract]
Schedule of Research and Development Costs	The following table presents the Company’s gross and net expenditures on R&D activities: Year Ended December 31, (in millions) 2024 2023 2022 Gross R&D expenditures $ 872 $ 856 $ 787 Customer reimbursements (136) (139) (86) Net R&D expenditures $ 736 $ 717 $ 701

OTHER OPERATING EXPENSE (INCO_2

OTHER OPERATING EXPENSE (INCOME), NET (Tables)	12 Months Ended
	Dec. 31, 2024
Other Income and Expenses [Abstract]
Schedule of Other Operating Expense (Income), Net	Items included in Other operating expense (income), net consist of: Year Ended December 31, (in millions) 2024 2023 2022 Adjustments associated with Spin-Off related balances $ 17 $ — $ — Commercial contract settlement 15 — — Loss (gain) on sale of businesses 6 (5) (13) Loss (gain) on sale of assets 2 (13) — Merger and acquisition expense, net 2 23 9 Spin-Off transition services income, net (5) (10) — Other income, net (5) (11) (4) Other operating expense (income), net $ 32 $ (16) $ (8)

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Income Tax Expense (Benefit)	Earnings before income taxes and the provision for income taxes are presented in the following table. Year Ended December 31, (in millions) 2024 2023 2022 Earnings (loss) before income taxes: U.S. 1 $ (303) $ (316) $ (40) Non-U.S. 1 842 1,307 953 Total $ 539 $ 991 $ 913 Provision for income taxes: Current: Federal $ 27 $ 42 $ 49 State 1 8 7 Foreign 239 299 233 Total current expense 267 349 289 Deferred: Federal (198) (85) (54) State (5) — (8) Foreign 47 25 (32) Total deferred benefit (156) (60) (94) Total provision for income taxes $ 111 $ 289 $ 195 __________________________ 1 In 2023, the U.S. loss before income taxes included the realized and unrealized loss on debt and equity securities of $174 million that was primarily related to the Company’s investment in Wolfspeed convertible debt securities that was sold during the year.
Schedule of Effective Income Tax Rate Reconciliation	The following table provides a reconciliation of tax expense based on the U.S. statutory tax rate to final tax expense. Year Ended December 31, (in millions) 2024 2023 2022 Income taxes at U.S. statutory rate of 21% $ 114 $ 209 $ 192 Increases (decreases) resulting from: Impairment of goodwill 151 — — Net tax on remittance of foreign earnings 38 45 36 Foreign rate differentials 14 20 57 Valuation allowance adjustments, net 23 186 21 Other permanent differences 17 18 14 Changes in accounting methods and filing positions (10) (18) (15) State taxes, net of federal benefit (6) 6 (3) Affiliates' earnings (6) (7) (6) Foreign derived intangible income deduction (11) (23) (23) Impact of tax law and rate change (9) (1) 1 U.S. tax on foreign earnings 24 18 10 Enhanced research and development deductions (29) (35) (33) Tax credits (34) (21) (15) Deferred tax impact of intra-group transactions (36) (70) — Tax holidays (46) (35) (38) Reserve adjustments, settlements and claims (99) (15) 13 Other, net 16 12 (16) Provision for income taxes, as reported $ 111 $ 289 $ 195
Schedule of Unrecognized Tax Benefits Roll Forward	A roll forward of the Company’s total gross unrecognized tax benefits is presented below: (in millions) 2024 2023 2022 Balance, January 1 $ 161 $ 172 $ 181 Additions based on tax positions related to current year 9 15 19 Reductions for closure of tax audits and settlements — (5) (9) Reductions for tax positions of prior years (1) (11) (7) Reductions for lapse in statute of limitations (67) (10) — Translation adjustment (7) — (12) Balance, December 31 $ 95 $ 161 $ 172
Schedule of Tax Jurisdiction	The Company is no longer subject to income tax examinations by tax authorities in its major tax jurisdictions as follows: Tax jurisdiction Years no longer subject to audit Tax jurisdiction Years no longer subject to audit U.S. Federal 2016 and prior Luxembourg 2017 and prior China 2018 and prior Mexico 2017 and prior France 2020 and prior Poland 2016 and prior Germany 2015 and prior South Korea 2017 and prior Hungary 2018 and prior United Kingdom 2019 and prior Japan 2023 and prior
Schedule of Deferred Tax Assets (Liabilities)	The components of deferred tax assets and liabilities consist of the following: December 31, (in millions) 2024 2023 Deferred tax assets: Net operating loss and capital loss carryforwards $ 305 $ 359 Research and development capitalization 291 211 Employee compensation 45 43 State tax credits 38 23 Warranty 30 20 Unrecognized tax benefits 25 27 Foreign tax credits 9 — Pension and other postemployment benefits — 4 Other comprehensive loss — 3 Other 126 97 Total deferred tax assets $ 869 $ 787 Valuation allowance (325) (310) Net deferred tax asset $ 544 $ 477 Deferred tax liabilities: Fixed assets (107) (121) Goodwill and intangible assets (100) (135) Unremitted foreign earnings (95) (115) Other comprehensive income (35) — Pension and other postemployment benefits (4) — Unrealized gain on equity securities (2) (2) Other (9) (7) Total deferred tax liabilities $ (352) $ (380) Net deferred taxes $ 192 $ 97

RECEIVABLES, NET (Tables)

RECEIVABLES, NET (Tables)	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable	The table below provides details of receivables as of December 31, 2024 and 2023: December 31, ( in millions ) 2024 2023 Receivables, net: Customers $ 2,273 $ 2,519 Indirect taxes 310 238 Other 281 364 Gross receivables 2,864 3,121 Allowance for credit losses (21) (12) Total receivables, net $ 2,843 $ 3,109
Schedule of Accounts Receivable, Allowance for Credit Loss	The table below summarizes the activity in the allowance for credit losses for the years ended December 31, 2024, 2023 and 2022: Year Ended December 31, ( in millions ) 2024 2023 2022 Beginning balance, January 1 $ (12) $ (11) $ (9) Provision (10) (4) (2) Write-offs — 2 — Translation adjustment and other 1 1 — Ending balance, December 31 $ (21) $ (12) $ (11)

INVENTORIES, NET (Tables)

INVENTORIES, NET (Tables)	12 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory	A summary of Inventories, net is presented below: December 31, ( in millions ) 2024 2023 Raw material and supplies $ 915 $ 991 Work-in-progress 147 160 Finished goods 189 194 FIFO inventories 1,251 1,345 LIFO reserve 1 — (32) Inventories, net $ 1,251 $ 1,313 _____________________________ 1 During the fourth quarter of 2024, the Company changed the accounting method for certain inventories previously accounted for under LIFO to FIFO. As of December 31, 2024, no inventories are accounted for under the LIFO method. Refer to Note 1, “Summary of Significant Accounting Policies,” to the Consolidated Financial Statements for more details.

OTHER CURRENT AND NON-CURRENT_2

OTHER CURRENT AND NON-CURRENT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of Additional Related Assets	Additional detail related to assets is presented below: December 31, ( in millions) 2024 2023 Prepayments and other current assets: Prepaid tooling $ 107 $ 89 Prepaid taxes 98 38 Customer incentive payments (Note 3) 22 27 Derivative instruments 19 32 Contract assets (Note 3) 15 18 Other 72 57 Total prepayments and other current assets $ 333 $ 261 Investments and long-term receivables: Investment in equity affiliates $ 245 $ 237 Investment in equity securities 70 71 Long-term receivables 41 56 Total investments and long-term receivables $ 356 $ 364 Other non-current assets: Deferred income taxes (Note 7) $ 359 $ 257 Operating leases (Note 22) 177 143 Derivative instruments 89 15 Customer incentive payments (Note 3) 23 58 Other 62 39 Total other non-current assets $ 710 $ 512

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment, net is stated at cost less accumulated depreciation and amortization, and consisted of: December 31, ( in millions) 2024 2023 Land, land use rights and buildings $ 1,354 $ 1,319 Machinery and equipment 5,520 5,327 Finance lease assets 30 32 Construction in progress 437 671 Total property, plant and equipment, gross 7,341 7,349 Less: accumulated depreciation 4,007 3,816 Property, plant and equipment, net, excluding tooling 3,334 3,533 Tooling, net of amortization 241 250 Property, plant and equipment, net $ 3,575 $ 3,783

GOODWILL AND OTHER INTANGIBLES

GOODWILL AND OTHER INTANGIBLES (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	A summary of the changes in the carrying amount of goodwill is presented in the following tables. The prior period balances have been recast for inter-segment transitions of certain businesses that were completed during 2022. Refer to Note 24, “Reportable Segments and Related Information” for more information. 2024 (in millions) Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems Battery & Charging Systems Total Gross goodwill balance, January 1 $ 1,257 $ 1,126 $ 481 $ 651 $ 3,515 Accumulated impairment losses, January 1 (502) — — — (502) Net goodwill balance, January 1 $ 755 $ 1,126 $ 481 $ 651 $ 3,013 Goodwill during the year: Impairment — — (468) (109) (577) Measurement period adjustments 1 — — 6 — 6 Other, primarily translation adjustment (22) (6) (19) (38) (85) Net goodwill balance, December 31 $ 733 $ 1,120 $ — $ 504 $ 2,357 2023 (in millions) Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems Battery & Charging Systems Total Gross goodwill balance, January 1 $ 1,246 $ 1,126 $ 480 $ 628 $ 3,480 Accumulated impairment losses, January 1 (502) — — — (502) Net goodwill balance, January 1 $ 744 $ 1,126 $ 480 $ 628 $ 2,978 Goodwill during the year: Acquisitions 1 — — 14 8 22 Measurement period adjustments 1 — — — (6) (6) Other, primarily translation adjustment 11 — (13) 21 19 Net goodwill balance, December 31 $ 755 $ 1,126 $ 481 $ 651 $ 3,013 _____________________________ 1 Acquisitions and measurement period adjustments relate to the Company’s 2023 purchases of SSE and Eldor.
Schedule of Intangible Assets Gross Roll Forward	The Company’s other intangible assets, primarily from acquisitions, consist of the following: December 31, 2024 December 31, 2023 (in millions) Estimated useful lives (years) Gross Accumulated Net Gross Accumulated Net Amortized intangible assets: Patented and unpatented technology 5 - 15 $ 352 $ 172 $ 180 $ 364 $ 145 $ 219 Customer relationships 6 - 15 610 321 289 641 305 336 Miscellaneous 2 - 5 9 7 2 9 6 3 Total amortized intangible assets 971 500 471 1,014 456 558 Unamortized trade names 3 — 3 6 — 6 Total other intangible assets $ 974 $ 500 $ 474 $ 1,020 $ 456 $ 564 A roll forward of the gross carrying amounts and related accumulated amortization of the Company’s other intangible assets is presented below: Gross carrying amounts Accumulated amortization (in millions) 2024 2023 2024 2023 Beginning balance, January 1 $ 1,020 $ 1,003 $ 456 $ 384 Acquisitions and measurement period adjustments 1 (Note 2) (4) 14 — — Write-offs (3) — — — Amortization — — 69 67 Translation adjustment (39) 3 (25) 5 Ending balance, December 31 $ 974 $ 1,020 $ 500 $ 456 _____________________________ 1 Acquisitions relate to the Company’s 2023 purchases of SSE and Eldor.

PRODUCT WARRANTY (Tables)

PRODUCT WARRANTY (Tables)	12 Months Ended
	Dec. 31, 2024
Product Warranties Disclosures [Abstract]
Schedule of Product Warranty Liability	The following table summarizes the activity in the product warranty accrual accounts: (in millions) 2024 2023 Beginning balance, January 1 $ 196 $ 185 Provisions for current period sales 85 98 Adjustments of prior estimates 15 (3) Payments (71) (84) Other, primarily translation adjustment (10) — Ending balance, December 31 $ 215 $ 196 The product warranty liability is classified in the Consolidated Balance Sheets as follows: December 31, (in millions) 2024 2023 Other current liabilities $ 88 $ 91 Other non-current liabilities 127 105 Total product warranty liability $ 215 $ 196

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Schedule of Short-term and Long-term Debt	The Company had short-term and long-term debt outstanding as follows: December 31, (in millions) 2024 2023 Short-term debt Short-term borrowings $ 61 $ 70 Long-term debt 3.375% Senior notes due 03/15/25 ($334 million par value) 334 384 5.000% Senior notes due 10/01/25 — 477 2.650% Senior notes due 07/01/27 ($1,100 million par value) 1,095 1,093 7.125% Senior notes due 02/15/29 ($121 million par value) 120 120 4.950% Senior notes due 08/15/29 ($500 million par value) 495 — 1.000% Senior notes due 05/19/31 (€1,000 million par value) 1,022 1,088 5.400% Senior notes due 08/15/34 ($500 million par value) 493 — 4.375% Senior notes due 03/15/45 ($500 million par value) 495 495 Term loan facilities, finance leases and other 46 53 Total long-term debt 4,100 3,710 Less: current portion 337 3 Long-term debt, net of current portion $ 3,763 $ 3,707
Schedule of Consolidated Statements of Operations	The following table provides details on Interest expense, net included in the Consolidated Statements of Operations. Interest expense primarily relates to interest on the Company’s fixed rate Senior notes, net of any amortization of premium or discount. Interest income primarily relates to interest received on cash and investments and interest received on the Company’s net investment hedges. Interest income has been favorably impacted by rising interest rates. Year Ended December 31, (in millions) 2024 2023 2022 Interest expense $ 84 $ 73 $ 71 Interest income (54) (35) (20) Gain on debt extinguishment (10) (28) — Interest expense, net $ 20 $ 10 $ 51
Schedule of Annual Principal Payments	Annual principal payments required as of December 31, 2024 are as follows: (in millions) 2025 $ 398 2026 27 2027 1,103 2028 2 2029 623 After 2029 2,044 Total payments $ 4,197 Less: unamortized premiums, net of discount (36) Total short and long-term debt $ 4,161

OTHER CURRENT AND NON-CURRENT_3

OTHER CURRENT AND NON-CURRENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2024
Other Liabilities Disclosure [Abstract]
Schedule of Additional Details Related to Other Liabilities	Additional detail related to liabilities is presented in the table below: December 31, ( in millions ) 2024 2023 Other current liabilities: Payroll and employee related $ 361 $ 329 Customer related 160 124 Indirect taxes 117 121 Income taxes payable 115 103 Product warranties (Note 13) 88 91 Operating leases (Note 22) 38 37 Employee termination benefits (Note 4) 31 61 Interest 31 26 Derivative instruments 27 3 Supplier related 26 16 Accrued freight 22 26 Government grants 22 3 Insurance 18 16 Contract liabilities (Note 3) 13 18 Other non-income taxes 12 12 Deferred engineering 10 13 Retirement related (Note 18) 10 11 Other 115 138 Total other current liabilities $ 1,216 $ 1,148 Other non-current liabilities: Deferred income taxes (Note 7) $ 167 $ 160 Operating leases (Note 22) 144 112 Product warranties (Note 13) 127 105 Other income tax liabilities 118 226 Deferred income 88 83 Other 97 81 Total other non-current liabilities $ 741 $ 767

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value	The following tables classify assets and liabilities measured at fair value on a recurring basis as of December 31, 2024 and 2023: Basis of fair value measurements Balance at December 31, 2024 Quoted prices in active markets for identical items Significant other observable inputs Significant unobservable inputs Valuation technique Assets measured at NAV 1 (in millions) Assets: Investment in equity securities $ 25 $ — $ — $ — — $ 25 Foreign currency contracts $ 24 $ — $ 24 $ — A $ — Net investment hedge contracts $ 84 $ — $ 84 $ — A $ — Liabilities: Current earn-out liabilities $ 4 $ — $ — $ 4 C $ — Non-current earn-out liabilities $ 3 $ — $ — $ 3 C $ — Foreign currency contracts $ 32 $ — $ 32 $ — A $ — Basis of fair value measurements (in millions) Balance at December 31, 2023 Quoted prices in active markets for identical items Significant other observable inputs Significant unobservable inputs Valuation technique Assets measured at NAV 1 Assets: Current earn-out receivables $ 5 $ — $ — $ 5 C $ — Investment in equity securities $ 26 $ — $ — $ — — $ 26 Foreign currency contracts $ 33 $ — $ 33 $ — A $ — Net investment hedge contracts $ 14 $ — $ 14 $ — A $ — Liabilities: Current earn-out liabilities $ 2 $ — $ — $ 2 C $ — Non-current earn-out liabilities $ 13 $ — $ — $ 13 C $ — Foreign currency contracts $ 3 $ — $ 3 $ — C $ — Net investment hedge contracts $ 2 $ — $ 2 $ — A $ — _____________________________ 1 Certain assets that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. These amounts represent investments in commingled and managed funds that have underlying assets in fixed income securities, equity securities, and other assets and the fair values have been estimated using the net asset value of the Company's ownership interest in partners' capital. The Company’s redemption of its investments with the funds is governed by the partnership agreements and subject to approval from the general partners. With the exception of annual distributions in connection with the Company’s deemed tax liability, distributions from each fund will be received as the underlying investments of the funds are liquidated, the timing of which is unknown.
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The following tables provide a reconciliation of the Company’s Level 3 earn-out assets and liabilities: Fair Value Measurements Using Significant Unobservable Inputs (Level 3) (in millions) Current earn-out receivables Current earn-out liabilities Non-current earn-out liabilities Balance at January 1, 2023 $ 9 $ 21 $ 10 Change in fair value of contingent consideration 5 5 3 Earnout settlements (9) (24) — Balance at December 31, 2023 $ 5 $ 2 $ 13 Change in fair value of contingent consideration 3 4 (10) Earn-out settlements (8) (2) — Balance at December 31, 2024 $ — $ 4 $ 3 The following tables provide a reconciliation of the Company’s Level 3 defined benefit plans assets: Fair Value Measurements Using Significant Unobservable Inputs (Level 3) (in millions) Insurance contract Real estate trust fund Balance at January 1, 2023 $ 69 $ 46 Purchases, sales and settlements — (46) Benefits paid 5 — Unrealized (losses) gains on assets still held at the reporting date (4) — Translation adjustment 4 — Balance at December 31, 2023 $ 74 $ — Purchases, sales and settlements 31 — Benefits paid (5) — Translation adjustment (2) — Balance at December 31, 2024 $ 98 $ —
Schedule of Fair Value Defined Benefit Plan Assets Measured at Recurring and Non-Recurring Basis	The following tables provide a reconciliation of the Company’s defined benefit plans assets measured at fair value on a recurring basis: Basis of fair value measurements (in millions) Balance at December 31, 2024 Quoted prices in active markets for identical items Significant other observable inputs Significant unobservable inputs Valuation technique Assets measured at NAV 2 U.S. Plans: Fixed income securities $ 76 $ — $ — $ — — $ 76 Equity securities 16 — — — — 16 Alternative credit fund 15 — — — — 15 Cash 19 19 — — A — $ 126 $ 19 $ — $ — $ 107 Non-U.S. Plans: Fixed income securities $ 141 $ 23 $ — $ — A $ 118 Equity securities 73 60 — — A 13 Cash 33 33 — — A — Insurance contract 1 98 — — 98 C — Real estate and other 35 5 13 — A,C 17 $ 380 $ 121 $ 13 $ 98 $ 148 Basis of fair value measurements (in millions) Balance at December 31, 2023 Quoted prices in active markets for identical items Significant other observable inputs Significant unobservable inputs Valuation technique Assets measured at NAV 2 U.S. Plans: Fixed income securities $ 87 $ — $ — $ — — $ 87 Equity securities 18 — — — — 18 Alternative credit fund 16 — — — — 16 Cash 2 2 — — A — $ 123 $ 2 $ — $ — $ 121 Non-U.S. Plans: Fixed income securities $ 213 $ 167 $ — $ — A $ 46 Equity securities 40 27 — — A 13 Cash 5 5 — — A — Insurance contract 1 74 — — 74 C — Real estate and other 60 — 23 — A,C 37 $ 392 $ 199 $ 23 $ 74 $ 96 _____________________________ 1 A BorgWarner defined benefit plan in the United Kingdom owns an insurance contract that guarantees payment of specified pension liabilities. The Company measures the fair value of the insurance asset by projecting expected future cash flows from the contract and discounting them to present value based on current market rates, including an assessment for non-performance risk of the insurance company. The assumptions used to project expected future cash flows are based on actuarial estimates and are unobservable; therefore, the contract is categorized within Level 3 of the hierarchy. 2 Certain assets that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been classified in the fair value hierarchy. These amounts represent investments in commingled and managed funds that have underlying assets in fixed income securities, equity securities, and other assets.

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Foreign Exchange Derivative Contracts Outstanding	At December 31, 2024 and 2023, t he following foreign currency derivative contracts were outstanding and mature through the ending duration noted below: Foreign currency derivatives (in millions) 1 Functional currency Traded currency Notional in traded currency Notional in traded currency Ending duration British Pound Euro 84 83 Dec-26 Chinese Renminbi U.S. Dollar 237 209 Dec-26 Euro British Pound 76 15 Jan-25 Euro Hungarian Forint 12,588 8,233 Dec-26 Euro Polish Zloty 690 573 Dec-26 Euro U.S. Dollar 214 152 Dec-26 Euro Swiss Franc 57 24 Dec-26 Thailand Baht U.S. Dollar 43 30 Dec-25 U.S. Dollar Chinese Renminbi 666 582 Aug-25 U.S. Dollar Korean Won 15,887 34,209 Nov-25 U.S. Dollar Mexican Peso 4,766 3,280 Dec-26 U.S. Dollar Thai Baht — 2,100 Jun-24 _____________________________ 1
Schedule of Foreign Exchange Contracts, Statement of Financial Position	At December 31, 2024 and 2023, the following cross-currency swap contracts were outstanding: Cross-currency swaps ( in millions ) December 31, 2024 December 31, 2023 Ending duration U.S. Dollar to Euro: Fixed receiving notional $ 1,100 $ 1,100 Jul-27 Fixed paying notional € 976 € 976 Jul-27 U.S. Dollar to Euro: Fixed receiving notional $ — $ 500 Mar-25 Fixed paying notional € — € 450 Mar-25 Fixed receiving notional $ 500 $ — Mar-29 Fixed paying notional € 470 € — Mar-29 U.S. Dollar to Japanese Yen: Fixed receiving notional $ 100 $ 100 Feb-29 Fixed paying notional ¥ 12,724 ¥ 12,724 Feb-29
Schedule of Derivative Instruments in Statement of Financial Position	At December 31, 2024 and 2023, the following amounts were recorded in the Consolidated Balance Sheets as being payable to or receivable from counterparties for derivative instruments under ASC Topic 815, “Derivatives and Hedging”: ( in millions ) Assets Liabilities Derivatives designated as hedging instruments Under Topic 815: Balance Sheet Location December 31, 2024 December 31, 2023 Balance Sheet Location December 31, 2024 December 31, 2023 Foreign currency Prepayments and other current assets $ 18 $ 30 Other current liabilities $ 23 $ 2 Foreign currency Other non-current assets $ 5 $ 1 Other non-current liabilities $ 5 $ — Net investment hedges Other non-current assets $ 84 $ 14 Other non-current liabilities $ — $ 2 Derivatives not designated as hedging instruments: Foreign currency Prepayments and other current assets $ 1 $ 2 Other current liabilities $ 4 $ 1
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The table below shows deferred gains (losses) reported in AOCI as well as the amount expected to be reclassified to income in one year or less for designated net investment hedges. The amount expected to be reclassified to income in one year or less assumes no change in the current relationship of the hedged item at December 31, 2024 market rates. (in millions) Deferred gain (loss) in AOCI at Gain (loss) expected to be reclassified to income in one year or less Contract Type December 31, 2024 December 31, 2023 Net investment hedges: Cross-currency swaps $ 84 $ 12 $ — Foreign currency-denominated debt 168 100 — Total $ 252 $ 112 $ — Gains and losses on derivative instruments designated as net investment hedges were recognized in other comprehensive income (loss) during the periods presented below. ( in millions ) Year Ended December 31, Net investment hedges 2024 2023 2022 Foreign currency $ — $ — $ 6 Cross-currency swaps $ 72 $ (55) $ 129 Foreign currency-denominated debt $ 68 $ (33) $ 67
Schedule of Derivative Instruments	Derivative instruments designated as hedging instruments as defined by ASC Topic 815 held during the period resulted in the following gains and losses recorded in income shown in the table below. Certain prior period amounts have been revised and moved to these tables from the table disclosing gains recorded on derivatives not designated as hedging instruments. Year ended December 31, 2024 (in millions) Net sales Cost of sales Selling, general and administrative expenses Other comprehensive income Total amounts of earnings and other comprehensive income line items in which the effects of cash flow hedges are recorded $ 14,086 $ 11,438 $ 1,350 $ (192) Gain (loss) on cash flow hedging relationships: Foreign currency Gain (loss) recognized in other comprehensive income $ (2) Gain (loss) reclassified from AOCI to income $ 3 $ 33 $ (1) $ — Year ended December 31, 2023 ( in millions ) Net sales Cost of sales Selling, general and administrative expenses Other comprehensive income Total amounts of earnings and other comprehensive income line items in which the effects of cash flow hedges are recorded $ 14,198 $ 11,630 $ 1,316 $ 48 Gain (loss) on cash flow hedging relationships: Foreign currency Gain (loss) recognized in other comprehensive income $ 59 Gain (loss) reclassified from AOCI to income $ — $ — $ 34 $ — Year ended December 31, 2022 (in millions) Net sales Cost of sales Selling, general and administrative expenses Other comprehensive income Total amounts of earnings and other comprehensive income line items in which the effects of cash flow hedges are recorded $ 12,635 $ 10,266 $ 1,290 $ (325) Gain (loss) on cash flow hedging relationships: Foreign currency Gain (loss) recognized in other comprehensive income $ 20 Gain (loss) reclassified from AOCI to income $ — $ — $ 16 $ —
Schedule of Derivative Instruments, Gains	Derivatives designated as net investment hedge instruments as defined by ASC Topic 815 held during the period resulted in the following gains recorded in Interest expense on components excluded from the assessment of effectiveness: ( in millions ) Year Ended December 31, Net investment hedges 2024 2023 2022 Cross-currency swaps $ 23 $ 25 $ 26
Schedule of Derivatives Not Designated as Hedging Instruments	Derivatives not designated as hedging instruments are used to hedge remeasurement exposures of monetary assets and liabilities denominated in currencies other than the operating units' functional currency. These derivatives resulted in the gains (losses) recorded in income as shown in the table below. Certain prior period amounts have been moved from this table to the table disclosing gains and losses recorded on derivatives designated as hedging instruments. (in millions) Year Ended December 31, Contract Type Location 2024 2023 2022 Foreign Currency Selling, general and administrative expenses $ 2 $ (15) $ 7

RETIREMENT BENEFIT PLANS (Table

RETIREMENT BENEFIT PLANS (Tables)	12 Months Ended
	Dec. 31, 2024
Retirement Benefits [Abstract]
Schedule of Expense for Defined Contribution and Defined Benefit Pension Plans and Other Post Employment Defined Benefit Plans	The following table summarizes the expenses for the Company’s defined contribution and defined benefit pension plans and the other postemployment benefit plans: Year Ended December 31, (in millions) 2024 2023 2022 Defined contribution expense $ 46 $ 45 $ 59 Defined benefit pension (income) expense 26 26 (10) Other postemployment benefit income — — (1) Total $ 72 $ 71 $ 48
Schedule of Reconciliation of Plans' Benefit Obligations, Plan Assets, Funded Status and Recognition	The following provides a roll forward of the plans’ benefit obligations, plan assets, funded status and recognition in the Consolidated Balance Sheets: Pension benefits Other postemployment benefits Year Ended December 31, 2024 2023 Year Ended December 31, (in millions) U.S. Non-U.S. U.S. Non-U.S. 2024 2023 Change in projected benefit obligation: Projected benefit obligation, January 1 $ 131 $ 478 $ 136 $ 1,322 $ 33 $ 37 Service cost — 13 — 11 — — Interest cost 6 19 7 42 1 2 Plan amendments — (1) — — — — Settlement and curtailment — (6) — 3 — — Actuarial loss (gain) (3) — 2 25 (1) — Currency translation — (32) — 57 — — PHINIA Spin-Off — — — (938) — (1) Benefits paid (13) (20) (14) (44) (4) (5) Projected benefit obligation, December 31 1 $ 121 $ 451 $ 131 $ 478 $ 29 $ 33 Change in plan assets: Fair value of plan assets, January 1 $ 123 $ 392 $ 129 $ 1,156 Actual return on plan assets — 14 7 50 Employer contribution 16 23 1 20 Plan participants’ contribution — 1 — 1 Settlements — (9) — (3) Currency translation — (21) — 53 PHINIA Spin-Off — — — (841) Benefits paid (13) (20) (14) (44) Fair value of plan assets, December 31 $ 126 $ 380 $ 123 $ 392 Funded status $ 5 $ (71) $ (8) $ (86) $ (29) $ (33) Amounts in the Consolidated Balance Sheets consist of: Non-current assets $ 8 $ 44 $ — $ 30 $ — $ — Current liabilities (1) (5) (1) (5) (4) (5) Non-current liabilities (2) (110) (7) (111) (25) (28) Net amount $ 5 $ (71) $ (8) $ (86) $ (29) $ (33) Amounts in accumulated other comprehensive loss consist of: Net actuarial loss $ 78 $ 103 $ 77 $ 112 $ (4) $ (3) Net prior service (credit) cost (1) 1 (2) 1 (7) (8) Net amount $ 77 $ 104 $ 75 $ 113 $ (11) $ (11) Total accumulated benefit obligation for all plans $ 121 $ 423 $ 131 $ 450 _____________________________ 1 The decrease in the projected benefit obligation was primarily due to benefits paid and actuarial gains during the period. The main driver of these gains was the increase of 0.40% in the weighted average discount rate for U.S. plans.
Schedule of Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets	The funded status of pension plans with accumulated benefit obligations in excess of plan assets is as follows: December 31, (in millions) 2024 2023 Accumulated benefit obligation $ (180) $ (338) Plan assets 85 235 Deficiency $ (95) $ (103) Pension deficiency by country: United States $ (2) $ (8) Germany (32) (39) Other (61) (56) Total pension deficiency $ (95) $ (103)
Schedule of Funded Status of Pension Plans With Accumulated Benefit Obligations in Excess of Plan Assets	The funded status of pension plans with projected benefit obligations in excess of plan assets is as follows: December 31, (in millions) 2024 2023 Projected benefit obligation $ (214) $ (360) Plan assets 97 237 Deficiency $ (117) $ (123) Pension deficiency by country: United States $ (2) $ (8) Germany (32) (40) Other (83) (75) Total pension deficiency $ (117) $ (123)
Schedule of Weighted Average Asset Allocations of Funded Pensions Plans and Target Allocations	The weighted average asset allocations of the Company’s funded pension plans and target allocations by asset category are as follows: December 31, Target Allocation 2024 2023 U.S. Plans: Alternative credit, real estate, cash and other 26 % 15 % 22% - 32% Fixed income securities 61 % 71 % 55% - 65% Equity securities 13 % 14 % 8% - 19% 100 % 100 % Non-U.S. Plans: Insurance contract, real estate, cash and other 44 % 36 % 32% - 42% Fixed income securities 37 % 54 % 49% - 59% Equity securities 19 % 10 % 4% - 14% 100 % 100 %
Schedule of Components of Net Periodic Benefit Cost	See the table below for a breakout of net periodic benefit cost between U.S. and non-U.S. pension plans: Pension benefits Other postemployment benefits Year Ended December 31, 2024 2023 2022 Year Ended December 31, (in millions) U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. 2024 2023 2022 Service cost $ — $ 13 $ — $ 11 $ — $ 20 $ — $ — $ — Interest cost 6 19 7 42 4 37 1 2 1 Expected return on plan assets (6) (15) (6) (37) (8) (75) — — — Settlements, curtailments and other — 1 — 4 3 — — — — Amortization of unrecognized prior service (credit) cost (1) — (1) — (1) — (1) (2) (2) Amortization of unrecognized loss 4 5 3 3 3 7 — — — Net periodic cost (income) $ 3 $ 23 $ 3 $ 23 $ 1 $ (11) $ — $ — $ (1)
Schedule of Defined Benefit Plan Weighted Average Assumptions Used in Calculating Benefit Obligations	The Company’s weighted average assumptions used to determine the benefit obligations for its defined benefit pension and other postemployment benefit plans were as follows: December 31, (percent) 2024 2023 U.S. pension plans: Discount rate 5.54 5.14 Rate of compensation increase N/A N/A U.S. other postemployment benefit plans: Discount rate 5.39 5.10 Rate of compensation increase N/A N/A Non-U.S. pension plans: Discount rate 1 4.26 4.23 Rate of compensation increase 3.43 3.32 ________________ 1 Includes 5.57% and 4.61% for the U.K. pension plans for December 31, 2024 and 2023, respectively. The Company’s weighted average assumptions used to determine the net periodic benefit cost/(income) for its defined benefit pension and other postemployment benefit plans were as follows: Year Ended December 31, (percent) 2024 2023 2022 U.S. pension plans: Discount rate 5.14 5.47 2.73 Effective interest rate on benefit obligation 5.08 5.34 2.18 Expected long-term rate of return on assets 5.00 5.00 4.75 Average rate of increase in compensation N/A N/A N/A U.S. other postemployment plans: Discount rate 5.10 5.41 2.46 Effective interest rate on benefit obligation 5.06 5.29 1.84 Expected long-term rate of return on assets N/A N/A N/A Average rate of increase in compensation N/A N/A N/A Non-U.S. pension plans: Discount rate 1 4.23 4.85 1.97 Effective interest rate on benefit obligation 4.24 4.88 1.83 Expected long-term rate of return on assets 2 4.10 4.90 4.10 Average rate of increase in compensation 3.32 3.58 3.21 ________________ 1 Includes 4.61%, 4.94% and 1.91% for the U.K. pension plans for December 31, 2024, 2023 and 2022, respectively. 2 Includes 4.00%, 5.30% and 4.12% for the U.K. pension plans for December 31, 2024, 2023 and 2022, respectively.
Schedule of Defined Benefit Plan Estimated Future Benefit Payments	The estimated future benefit payments for the pension and other postemployment benefits are as follows: Pension benefits Other postemployment benefits (in millions) Year U.S. Non-U.S. 2025 $ 15 $ 24 $ 5 2026 12 31 4 2027 12 26 4 2028 11 28 3 2029 11 29 3 2030-2034 46 161 11

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Restricted Stock Compensation Expense	Restricted stock compensation expense from continuing operations recorded in the Consolidated Statements of Operations is as follows: Year Ended December 31, (in millions, except per share data) 2024 2023 2022 Restricted stock compensation expense $ 36 $ 37 $ 28 Restricted stock compensation expense, net of tax $ 27 $ 28 $ 21
Schedule of Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity	A summary of the status of the Company’s nonvested restricted stock for employees and non-employee directors is as follows: Shares subject to restriction Weighted average grant date fair value Nonvested at January 1, 2022 2,363 $ 40.24 Granted 1,060 $ 44.32 Vested (862) $ 38.68 Forfeited (188) $ 42.09 Nonvested at December 31, 2022 2,373 $ 42.47 Granted 1,099 $ 48.19 Vested (917) $ 39.80 Forfeited (111) $ 44.63 PHINIA Spin-Off awards transferred 1 (389) $ 45.80 PHINIA Spin-Off adjustment 2 274 $ — Nonvested at December 31, 2023 2,329 $ 40.57 Granted 1,317 $ 33.75 Vested (923) $ 44.21 Forfeited (198) $ 43.04 Nonvested at December 31, 2024 2,525 $ 35.49 ________________ 1 Represents the cancellation of awards outstanding as of Distribution Date held by PHINIA employees. PHINIA employees were granted PHINIA restricted stock after the Spin-Off replacing the cancelled awards. 2 Represents the adjustment of unvested awards using a conversion ratio of 1.13 to 1 to preserve the intrinsic value of the awards prior to Spin-Off as authorized by the 2023 Plan and 2018 Plan.
Schedule of Share-Based Payment Arrangement, Performance Shares, Activity	The amounts expensed and common stock issued from continuing operations for performance share units for the years ended December 31, 2024, 2023 and 2022 were as follows: Year Ended December 31, 2024 2023 2022 Expense (in millions) Number of shares issued (in thousands) Expense (in millions) Number of shares issued (in thousands) Expense (in millions) Number of shares issued (in thousands) Total Stockholder Return $ 8 257 $ 8 107 $ 6 — Other Performance-Based 18 558 13 313 30 284 Total $ 26 815 $ 21 420 $ 36 284 A summary of the status of the Company’s nonvested performance share units for the years ended December 31, 2024, 2023 and 2022 were as follows: Total Stockholder Return Other Performance-Based Number of shares (in thousands) Weighted average grant date fair value Number of shares (in thousands) Weighted average grant date fair value Nonvested at January 1, 2022 259 $ 56.90 640 $ 42.14 Granted 138 $ 66.96 415 $ 44.33 Vested (127) $ 28.55 (234) $ 34.73 Forfeited (20) $ 59.87 (56) $ 43.35 Nonvested at December 31, 2022 250 $ 76.68 765 $ 45.51 Granted 135 $ 79.39 405 $ 48.06 Vested (114) $ 70.39 (341) $ 45.14 Forfeited (11) $ 68.66 (34) $ 44.96 PHINIA Spin-Off awards transferred 1 (22) $ 72.33 (67) $ 46.03 PHINIA Spin-Off adjustment 2 35 $ — 106 $ — Nonvested at December 31, 2023 273 $ 71.37 834 $ 41.08 Granted 205 $ 46.54 616 $ 33.91 Vested (104) $ 66.89 (315) $ 44.23 Forfeited (37) $ 70.32 (111) $ 45.07 Nonvested at December 31, 2024 337 $ 57.72 1,024 $ 35.36 ________________ 1 Represents the cancellation of awards outstanding as of Distribution Date held by PHINIA employees. PHINIA employees were granted PHINIA restricted stock after the Spin-Off replacing the cancelled awards. 2 Represents the adjustment of unvested awards using a conversion ratio of 1.13 to 1 to preserve the intrinsic value of the awards prior to Spin-Off as authorized by the 2023 Plan and 2018 Plan.

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table summarizes the activity within accumulated other comprehensive loss. Certain prior period amounts have been updated to reflect the gains and losses on hedge instruments that were reclassified to the income statement. (in millions) Foreign currency translation adjustments Hedge instruments Defined benefit postretirement plans Total Beginning Balance, January 1, 2022 $ (423) $ — $ (128) $ (551) Comprehensive (loss) income before reclassifications (287) 20 (14) (281) Income taxes associated with comprehensive (loss) income before reclassifications (40) — 7 (33) Reclassification from accumulated other comprehensive (loss) income — (16) 7 (9) Income taxes reclassified into net earnings — — (2) (2) Ending Balance December 31, 2022 $ (750) $ 4 $ (130) $ (876) Comprehensive (loss) income before reclassifications 27 59 (9) 77 Income taxes associated with comprehensive (loss) income before reclassifications 24 — (5) 19 Reclassification from accumulated other comprehensive (loss) income — (34) 3 (31) Income taxes reclassified into net earnings — — (1) (1) Spin-Off of PHINIA (20) (1) 5 (16) Ending Balance December 31, 2023 $ (719) $ 28 $ (137) $ (828) Comprehensive (loss) income before reclassifications (124) (2) 19 (107) Income taxes associated with comprehensive (loss) income before reclassifications (39) — (2) (41) Reclassification from accumulated other comprehensive (loss) income — (35) (7) (42) Income taxes reclassified into net earnings — — (2) (2) Ending Balance December 31, 2024 $ (882) $ (9) $ (129) $ (1,020)

LEASES AND COMMITMENTS (Tables)

LEASES AND COMMITMENTS (Tables)	12 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Schedule of Operating Lease Assets and Lease Liabilities	The following table presents the lease assets and lease liabilities as of December 31, 2024 and 2023: December 31, (in millions) 2024 2023 Assets Balance Sheet Location Operating leases Other non-current assets $ 177 $ 143 Finance leases Property, plant and equipment, net 20 25 Total lease assets $ 197 $ 168 Liabilities Current Operating leases Other current liabilities $ 38 $ 37 Finance leases Notes payable and other short-term debt 3 3 Non-current Operating leases Other non-current liabilities 144 112 Finance leases Long-term debt 20 23 Total lease liabilities $ 205 $ 175
Schedule of Lease, Cost	The following table presents lease obligations arising from obtaining leased assets for the years ended December 31, 2024 and 2023: December 31, (in millions) 2024 2023 Operating leases $ 66 $ 63 Finance leases 2 17 Total lease obligations $ 68 $ 80 December 31, 2024 2023 Weighted average remaining lease term (years) Operating leases 8 8 Finance leases 7 8 Weighted average discount rate Operating leases 5.7 % 5.4 % Finance leases 6.3 % 6.2 %
Schedule of Maturity of Operating Lease Liabilities	The following table presents the maturity of lease liabilities as of December 31, 2024: (in millions) Operating leases Finance leases 2025 $ 41 $ 5 2026 35 4 2027 29 4 2028 23 4 2029 18 2 After 2029 90 10 Total (undiscounted) lease payments $ 236 $ 29 Less: Imputed interest 54 6 Present value of lease liabilities $ 182 $ 23
Schedule of Maturity of Finance Lease Liabilities	The following table presents the maturity of lease liabilities as of December 31, 2024: (in millions) Operating leases Finance leases 2025 $ 41 $ 5 2026 35 4 2027 29 4 2028 23 4 2029 18 2 After 2029 90 10 Total (undiscounted) lease payments $ 236 $ 29 Less: Imputed interest 54 6 Present value of lease liabilities $ 182 $ 23

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Reconciliation	The following table reconciles the numerators and denominators used to calculate basic and diluted earnings per share of common stock: Year Ended December 31, (in millions except share and per share amounts) 2024 2023 2022 Basic earnings per share: Net earnings from continuing operations $ 367 $ 632 $ 636 Weighted average shares of common stock outstanding 223.5 232.8 235.5 Basic earnings per share of common stock $ 1.64 $ 2.71 $ 2.70 Diluted earnings per share: Net earnings from continuing operations $ 367 $ 632 $ 636 Weighted average shares of common stock outstanding 223.5 232.8 235.5 Effect of stock-based compensation 1.3 1.6 1.3 Weighted average shares of common stock outstanding, including dilutive shares 224.8 234.4 236.8 Diluted earnings per share of common stock $ 1.63 $ 2.70 $ 2.69

REPORTING SEGMENTS AND RELATE_2

REPORTING SEGMENTS AND RELATED INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated	The following tables show segment information and Segment Adjusted Operating Income (Loss) for the Company’s reportable segments: 2024 Segment information Net sales Year-end assets Depreciation/ amortization Long-lived asset expenditures 1 (in millions) Customers Inter-segment Net Turbos & Thermal Technologies $ 5,885 $ 2 $ 5,887 $ 3,693 $ 177 $ 170 Drivetrain & Morse Systems 5,564 13 5,577 3,872 246 115 PowerDrive Systems 1,908 29 1,937 2,792 164 291 Battery & Charging Systems 729 — 729 1,082 57 82 Inter-segment eliminations — (44) (44) — — — Total 14,086 — 14,086 11,439 644 658 Corporate 2 — — — 2,554 29 13 Consolidated $ 14,086 $ — $ 14,086 $ 13,993 $ 673 $ 671 2023 Segment information Net sales Year-end assets Depreciation/ amortization Long-lived asset expenditures 1 (in millions) Customers Inter-segment Net Turbos & Thermal Technologies $ 6,007 $ 5 $ 6,012 $ 3,938 $ 170 $ 184 Drivetrain & Morse Systems 5,543 6 5,549 4,262 215 134 PowerDrive Systems 2,102 64 2,166 3,185 127 384 Battery & Charging Systems 546 — 546 1,335 39 96 Inter-segment eliminations — (75) (75) — — — Total 14,198 — 14,198 12,720 551 798 Corporate 2 — — — 1,733 31 34 Consolidated $ 14,198 $ — $ 14,198 $ 14,453 $ 582 $ 832 2022 Segment information Net sales Year-end assets Depreciation/ amortization Long-lived asset expenditures 1 (in millions) Customers Inter-segment Net Turbos & Thermal Technologies $ 5,468 $ (13) $ 5,455 $ 3,882 $ 162 $ 129 Drivetrain & Morse Systems 5,027 1 5,028 4,240 218 167 PowerDrive Systems 1,806 100 1,906 2,349 111 257 Battery & Charging Systems 334 1 335 1,178 29 57 Inter-segment eliminations — (89) (89) — — — Total 12,635 — 12,635 11,649 520 610 Corporate 2 — — — 1,683 32 12 Consolidated $ 12,635 $ — $ 12,635 $ 13,332 $ 552 $ 622 _______________ 1 Long-lived asset expenditures include capital expenditures and tooling outlays. 2 Corporate assets include cash and cash equivalents, investments and long-term receivables, and deferred income taxes. The following tables show segment expenses for the Company’s reportable segments. These expenses do not include non-comparable items that are excluded in the calculation of Segment Adjusted Operating Income (Loss): Segment Expenses Year ended December 31, 2024 (in millions) Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems Battery & Charging Systems Net sales $ 5,887 $ 5,577 $ 1,937 $ 729 Cost of sales 4,724 4,413 1,648 681 Selling, general and administrative expenses - R&D, net 170 118 384 51 Selling, general and administrative expenses - Other 114 38 60 47 Other segment items 1 2 (2) (11) (3) Segment Adjusted Operating Income (Loss) $ 877 $ 1,010 $ (144) $ (47) Year ended December 31, 2023 (in millions) Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems Battery & Charging Systems Net sales $ 6,012 $ 5,549 $ 2,166 $ 546 Cost of sales 4,865 4,413 1,826 581 Selling, general and administrative expenses - R&D, net 175 122 362 44 Selling, general and administrative expenses - Other 100 49 73 40 Other segment items 1 (2) 7 (5) (3) Segment Adjusted Operating Income (Loss) $ 874 $ 958 $ (90) $ (116) Year ended December 31, 2022 (in millions) Turbos & Thermal Technologies Drivetrain & Morse Systems PowerDrive Systems Battery & Charging Systems Net sales $ 5,455 $ 5,028 $ 1,906 $ 335 Cost of sales 4,392 4,045 1,558 327 Selling, general and administrative expenses - R&D, net 181 138 344 24 Selling, general and administrative expenses - Other 104 60 91 23 Other segment items 1 (5) 2 1 5 Segment Adjusted Operating Income (Loss) $ 783 $ 783 $ (88) $ (44) _______________ 1 Other segment items include other income and expenses to derive at segment adjusted operating income.
Schedule of Segment Reporting Information, by Segment	Segment Adjusted Operating Income (Loss) Year Ended December 31, (in millions) 2024 2023 2022 Turbos & Thermal Technologies $ 877 $ 874 $ 783 Drivetrain & Morse Systems 1,010 958 783 PowerDrive Systems (144) (90) (88) Battery & Charging Systems (47) (116) (44) Segment Adjusted Operating Income 1,696 1,626 1,434 Corporate, including stock-based compensation 279 278 282 Restructuring expense 74 79 48 Intangible asset amortization expense 69 67 69 Impairment charges 646 29 30 Accelerated depreciation 50 4 — Change in accounting method (29) — — Adjustments associated with Spin-Off related balances 17 — — Commercial contract settlement 15 — — Loss (gain) on sale of businesses 6 (5) (13) Merger and acquisition expense, net 2 23 9 Loss (gain) on sale of assets 2 (13) — Other non-comparable items 19 4 — Equity in affiliates' earnings, net of tax (27) (30) (28) Unrealized and realized loss on equity and debt securities 1 174 73 Interest expense, net 20 10 51 Other postretirement expense (income) 13 15 — Earnings from continuing operations before income taxes and noncontrolling interest $ 539 $ 991 $ 913
Schedule of Revenue from External Customers and Long-lived Assets, by Geographical Areas	Sales Property, plant and equipment (in millions) 2024 2023 2022 2024 2023 2022 United States $ 2,240 $ 2,334 $ 2,143 $ 718 $ 778 $ 469 Europe: Germany 1,680 1,669 1,443 352 393 354 Poland 1,160 1,121 937 356 342 277 Hungary 820 904 636 154 167 170 Other Europe 1,586 1,387 1,057 472 456 327 Total Europe 5,246 5,081 4,073 1,334 1,358 1,128 China 2,862 2,998 2,864 720 876 821 Mexico 1,644 1,759 1,726 412 374 612 South Korea 1,181 1,163 1,073 189 197 205 Other foreign 913 863 756 202 200 191 Total $ 14,086 $ 14,198 $ 12,635 $ 3,575 $ 3,783 $ 3,426

OPERATING CASH FLOWS AND OTHE_2

OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2024
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	Year Ended December 31, (in millions) 2024 2023 2022 OPERATING ACTIVITIES OF CONTINUING OPERATIONS Net earnings $ 399 $ 695 $ 1,026 Net (loss) earnings from discontinued operations (29) (7) 308 Net earnings from continuing operations 428 702 718 Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations: Depreciation and tooling amortization 604 515 483 Intangible asset amortization 69 67 69 Restructuring expense, net of cash paid 6 66 41 Stock-based compensation expense 62 58 64 Loss (gain) on sales of businesses 6 (5) (16) Gain on debt extinguishment (10) (28) — Asset impairments 646 29 30 Change in accounting method (29) — — Realized and unrealized loss on debt and equity securities 1 174 73 Deferred income tax benefit (156) (44) (76) Other non-cash adjustments 8 (25) (33) Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations 1,207 807 635 Retirement plan contributions (45) (19) (21) Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments: Receivables 143 (482) (409) Inventories 31 (72) (158) Prepayments and other current assets (18) (3) 17 Accounts payable and accrued expenses (292) 375 433 Prepaid taxes and income taxes payable (40) (20) 25 Other assets and liabilities (32) 109 (60) Net cash provided by operating activities from continuing operations $ 1,382 $ 1,397 $ 1,180 SUPPLEMENTAL CASH FLOW INFORMATION Cash paid during the year for: Interest $ 121 $ 126 $ 131 Income taxes, net of refunds $ 406 $ 362 $ 268 Non-cash investing transactions: Period end accounts payable related to property, plant and equipment purchases $ 111 $ 148 $ 165

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]
Schedule of assets and liabilities classified as held for sale	The following table summarizes the financial results from discontinued operations of PHINIA. ( in millions ) Year Ended December 31, 2024 2023 2022 Net sales $ — $ 1,723 $ 3,348 Cost of sales — 1,362 2,616 Gross profit — 361 732 Selling, general and administrative expenses — 173 320 Restructuring expense — 7 11 Other operating expense, net 31 132 36 Operating (loss) income (31) 49 365 Equity in affiliates’ earnings, net of tax — (5) (10) Interest expense, net — — 1 Other postretirement income — — (31) Earnings from discontinued operations before income taxes (31) 54 405 (Benefit) provision for income taxes (2) 61 97 Net (loss) earnings from discontinued operations attributable to PHINIA $ (29) $ (7) $ 308

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended	12 Months Ended
	Dec. 31, 2024 USD ($) joint_venture	Dec. 31, 2024 USD ($) joint_venture	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net earnings		$ 338,000,000	$ 625,000,000	$ 944,000,000
Pre-tax benefit before taxes	$ 29,000,000	539,000,000	991,000,000	913,000,000
Pre-tax benefit after taxes	$ 22,000,000	$ 367,000,000	632,000,000	636,000,000
Number of investments (in joint ventures) | joint_venture	3	3
Investment in debt securities				500,000,000
Restricted cash	$ 0	$ 0	$ 0
Percentage of LIFO inventory			14%
Asset Impairment And Lease Modifications		69,000,000	$ 29,000,000
Asset impairments		646,000,000	29,000,000	30,000,000
Impairment		577,000,000
Government grants	$ 22,000,000	$ 22,000,000	3,000,000
Government assistance, liability, current, statement of financial position [extensible enumeration]	Other Liabilities, Current	Other Liabilities, Current
Government assistance, liability, noncurrent	$ 53,000,000	$ 53,000,000
Government assistance, liability, noncurrent, statement of financial position [extensible enumeration]	Other non-current liabilities	Other non-current liabilities
BorgWarner | Revision of Prior Period, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net earnings		$ 19,000,000	$ 12,000,000
Selling General and Administrative Expenses
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Government grant-related credits		$ 41,000,000
Government Assistance, Operating Expense, Decrease (Increase), Statement of Income or Comprehensive Income [Extensible Enumeration]		Selling, general and administrative expenses - R&D, net
Cost of Sales
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Government grant-related credits		$ 7,000,000
Government Assistance, Operating Expense, Decrease (Increase), Statement of Income or Comprehensive Income [Extensible Enumeration]		Cost of sales
Trade Names
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Asset impairments				$ 30,000,000
Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Capitalized contract costs, amortization period (in years)		3 years
Standard product warranty term (in years)		1 year
Minimum | Long-term Supply Arrangements
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Property, plant and equipment, useful life (in years)	3 years	3 years
Minimum | Building
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Property, plant and equipment, useful life (in years)	15 years	15 years
Minimum | Machinery and equipment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Property, plant and equipment, useful life (in years)	3 years	3 years
Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Capitalized contract costs, amortization period (in years)		7 years
Standard product warranty term (in years)		3 years
Maximum | Long-term Supply Arrangements
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Property, plant and equipment, useful life (in years)	5 years	5 years
Maximum | Building
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Property, plant and equipment, useful life (in years)	40 years	40 years
Maximum | Machinery and equipment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Property, plant and equipment, useful life (in years)	12 years	12 years
NSK-Warner K.K
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Ownership percentage in investee	50%	50%
Turbo Energy Private Limited
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Ownership percentage in investee	32.60%	32.60%
Fast Warner Intelligent Control Systems Co., Ltd
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Ownership percentage in investee	49%	49%

ACQUISITIONS AND DISPOSITIONS -

ACQUISITIONS AND DISPOSITIONS - Narrative (Details) € in Millions, ¥ in Millions, SFr in Millions, $ in Millions

12 Months Ended

Jul. 03, 2023

Mar. 01, 2023 USD ($)

Mar. 01, 2023 CNY (¥)

Dec. 01, 2022 USD ($)

Dec. 01, 2022 CHF (SFr)

Jul. 29, 2022 USD ($)

Mar. 31, 2022 USD ($)

Mar. 31, 2022 CNY (¥)

Dec. 31, 2024 USD ($)

Dec. 31, 2024 CNY (¥)

Dec. 31, 2023 USD ($)

Dec. 31, 2023 CNY (¥)

Dec. 31, 2022 USD ($)

Dec. 31, 2022 CNY (¥)

Dec. 31, 2021 USD ($)

Dec. 31, 2024 CNY (¥)

Dec. 31, 2024 CHF (SFr)

Dec. 01, 2023 USD ($)

Dec. 01, 2023 EUR (€)

Jun. 30, 2023 USD ($)

Jun. 30, 2023 CNY (¥)

Mar. 01, 2023 CNY (¥)

Dec. 01, 2022 CHF (SFr)

Mar. 31, 2022 CNY (¥)

Sep. 30, 2019 USD ($)

May 31, 2019 USD ($)

Business Acquisition [Line Items]

Distribution of outstanding common stock percentage

100%

Conversion ratio, outstanding common stock distributed

0.2

Payments to acquire businesses, net of cash acquired

$ 0

$ 109

$ 312

Goodwill

2,357

3,013

2,978

Disposal Group, Disposed of by Sale, Not Discontinued Operations | Water Valley

Business Acquisition [Line Items]

Disposal group, consideration

$ 57

Payments to acquire businesses, net of cash acquired

39

Potential earn out payments

30

Estimated payout

5

$ 18

Estimate of expected earn-out, loss

5

9

Final settlement

14

Disposal Group, Disposed of by Sale, Not Discontinued Operations | Water Valley | Promissory note

Business Acquisition [Line Items]

Estimated payout

10

Corporate Joint Venture | BorgWarner Romeo Power LLC

Business Acquisition [Line Items]

Noncontrolling interest

60%

Romeo Power Inc.

Business Acquisition [Line Items]

Ownership interest equity interest

20%

Unrealized and realized loss on equity and debt securities

(39)

BorgWarner Romeo Power LLC | Corporate Joint Venture

Business Acquisition [Line Items]

Equity securities without readily determinable fair value

$ 10

Gain on sale of investments

22

Eldor Corporation’s Electric Hybrid Systems Business

Business Acquisition [Line Items]

Estimated earn-out payments

$ 78

€ 72

Contractual earn-out payments

191

€ 175

Estimated fair values of assets acquired and liabilities assumed, assets

86

Business combination, recognized Identifiable assets acquired and liabilities assumed, intangible assets including goodwill

27

Estimated fair values of assets acquired and liabilities assumed, liabilities

8

Goodwill

$ 20

Eldor Corporation’s Electric Hybrid Systems Business | Developed technology

Business Acquisition [Line Items]

Estimated Life (in years)

6 years

6 years

Hubei Surpass Sun Electric Charging Business Member

Business Acquisition [Line Items]

Contractual earn-out payments

$ 15

¥ 103

Estimated fair values of assets acquired and liabilities assumed, assets

50

Business combination, recognized Identifiable assets acquired and liabilities assumed, intangible assets including goodwill

5

Estimated fair values of assets acquired and liabilities assumed, liabilities

$ 8

$ 7

Business acquisition, percentage of voting interests acquired

100%

100%

Consideration transferred

$ 42

¥ 288

Base purchase price

39

268

Payments to acquire businesses

4

¥ 25

$ 31

¥ 217

Business combination, remaining consideration payable

4

¥ 26

Goodwill

$ 2

Hubei Surpass Sun Electric Charging Business Member | Other current liabilities

Business Acquisition [Line Items]

Business combination, consideration payable in next two years

3

¥ 20

Business combination, consideration payable in next three months

1

¥ 6

Hubei Surpass Sun Electric Charging Business Member | Developed technology

Business Acquisition [Line Items]

Estimated Life (in years)

5 years

5 years

Drivetek AG

Business Acquisition [Line Items]

Estimated earn-out payments

6

SFr 5

Contractual earn-out payments

$ 10

SFr 10

Business acquisition, percentage of voting interests acquired

100%

100%

Payments to acquire businesses

$ 29

SFr 27

Retention payment payable period

3 years

3 years

Other non-current liability

6

5

Drivetek AG | Other current liabilities

Business Acquisition [Line Items]

Other non-current liability

3

2

Drivetek AG | Other non-current liabilities

Business Acquisition [Line Items]

Other non-current liability

$ 3

SFr 3

Rhombus Energy Solutions

Business Acquisition [Line Items]

Contractual earn-out payments

$ 30

Business acquisition, percentage of voting interests acquired

100%

Payments to acquire businesses

$ 131

Rhombus Energy Solutions | Employee Retention Payment

Business Acquisition [Line Items]

Contractual earn-out payments

$ 25

Retention payment payable period

3 years

Santoll Automotive Components

Business Acquisition [Line Items]

Estimated earn-out payments

$ 40

$ 24

¥ 250

Contractual earn-out payments

$ 47

¥ 300

Business acquisition, percentage of voting interests acquired

100%

100%

Consideration transferred

$ 192

Base purchase price

$ 152

¥ 1,000

Payments to acquire businesses

157

Post-closing adjustments through reduction of payment

5

Romeo Power Inc.

Business Acquisition [Line Items]

Equity securities without readily determinable fair value

$ 50

Romeo Power Inc. | Romeo Power Inc.

Business Acquisition [Line Items]

Equity securities, FV-NI

$ 31

Santroll Automotive Components

Business Acquisition [Line Items]

Estimated earn-out payments | ¥

¥ 200

Payments to acquire businesses | ¥

¥ 1,000

ACQUISITIONS AND DISPOSITIONS_2

ACQUISITIONS AND DISPOSITIONS - Schedule of Other Intangible Assets Acquired (Details) - Hubei Surpass Sun Electric Charging Business Member $ in Millions	Mar. 01, 2023 USD ($)
Finite-Lived Intangible Assets [Line Items]
Estimated Fair Value	$ 3
Developed technology
Finite-Lived Intangible Assets [Line Items]
Estimated Life (in years)	5 years
Estimated Fair Value	$ 2
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Estimated Life (in years)	6 years
Estimated Fair Value	$ 1

REVENUE FROM CONTRACTS WITH C_3

REVENUE FROM CONTRACTS WITH CUSTOMERS - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Revenue from External Customer [Line Items]
Allowance for credit loss	$ 15	$ 18
Liability, current	13	18
Liability noncurrent	88	83
Customer incentive payments	22	27
Customer incentive payments, noncurrent	$ 23	58
Minimum
Revenue from External Customer [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction (in years)	3 years
Maximum
Revenue from External Customer [Line Items]
Revenue, remaining performance obligation, expected timing of satisfaction (in years)	7 years
Other current liabilities
Revenue from External Customer [Line Items]
Liability, current	$ 13	18
Liability noncurrent	29	10
Prepayments and other current assets
Revenue from External Customer [Line Items]
Customer incentive payments	22	27
Other non-current assets
Revenue from External Customer [Line Items]
Customer incentive payments, noncurrent	$ 23	$ 58

REVENUE FROM CONTRACTS WITH C_4

REVENUE FROM CONTRACTS WITH CUSTOMERS - Disaggregation of Revenue Foundational Products and eProducts (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue from External Customer [Line Items]
Total	$ 14,086	$ 14,198	$ 12,635
Foundational products
Revenue from External Customer [Line Items]
Total	11,751	12,161	11,163
eProducts
Revenue from External Customer [Line Items]
Total	$ 2,335	$ 2,037	$ 1,472

REVENUE FROM CONTRACTS WITH C_5

REVENUE FROM CONTRACTS WITH CUSTOMERS - Disaggregation of Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue from External Customer [Line Items]
Net sales	$ 14,086	$ 14,198	$ 12,635
Customers
Revenue from External Customer [Line Items]
Net sales	14,086	14,198	12,635
Operating segments
Revenue from External Customer [Line Items]
Net sales	14,086	14,198	12,635
Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	14,086	14,198	12,635
Turbos & Thermal Technologies | Operating segments
Revenue from External Customer [Line Items]
Net sales	5,887	6,012	5,455
Turbos & Thermal Technologies | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	5,885	6,007	5,468
Drivetrain & Morse Systems | Operating segments
Revenue from External Customer [Line Items]
Net sales	5,577	5,549	5,028
Drivetrain & Morse Systems | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	5,564	5,543	5,027
PowerDrive Systems | Operating segments
Revenue from External Customer [Line Items]
Net sales	1,937	2,166	1,906
PowerDrive Systems | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	1,908	2,102	1,806
Battery & Charging Systems | Operating segments
Revenue from External Customer [Line Items]
Net sales	729	546	335
Battery & Charging Systems | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	729	546	334
North America
Revenue from External Customer [Line Items]
Net sales	3,884	4,093
North America | Operating segments
Revenue from External Customer [Line Items]
Net sales			3,869
North America | Turbos & Thermal Technologies | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	1,432	1,529	1,422
North America | Drivetrain & Morse Systems | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	1,943	1,972	1,900
North America | PowerDrive Systems | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	310	458	500
North America | Battery & Charging Systems | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	199	134	47
Europe
Revenue from External Customer [Line Items]
Net sales	5,246	5,081
Europe | Operating segments
Revenue from External Customer [Line Items]
Net sales			4,073
Europe | Turbos & Thermal Technologies | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	2,941	3,026	2,571
Europe | Drivetrain & Morse Systems | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	1,273	1,299	1,017
Europe | PowerDrive Systems | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	548	372	198
Europe | Battery & Charging Systems | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	484	384	287
Asia
Revenue from External Customer [Line Items]
Net sales	4,719	4,810
Asia | Operating segments
Revenue from External Customer [Line Items]
Net sales			4,502
Asia | Turbos & Thermal Technologies | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	1,304	1,250	1,293
Asia | Drivetrain & Morse Systems | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	2,348	2,272	2,110
Asia | PowerDrive Systems | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	1,050	1,268	1,099
Asia | Battery & Charging Systems | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	17	20	0
Other
Revenue from External Customer [Line Items]
Net sales	237	214
Other | Operating segments
Revenue from External Customer [Line Items]
Net sales			191
Other | Turbos & Thermal Technologies | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	208	202	182
Other | Drivetrain & Morse Systems | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	0	0	0
Other | PowerDrive Systems | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	0	4	9
Other | Battery & Charging Systems | Operating segments | Customers
Revenue from External Customer [Line Items]
Net sales	$ 29	$ 8	$ 0

RESTRUCTURING - Reserve by Type

RESTRUCTURING - Reserve by Type of Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring expense	$ 6	$ 66	$ 41
Restructuring expense	74	79	48
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring expense	1	0	0
Turbos & Thermal Technologies
Restructuring Cost and Reserve [Line Items]
Restructuring expense	39	70	20
Drivetrain & Morse Systems
Restructuring Cost and Reserve [Line Items]
Restructuring expense	11	8	27
PowerDrive Systems
Restructuring Cost and Reserve [Line Items]
Restructuring expense	22	1	1
Battery & Charging Systems
Restructuring Cost and Reserve [Line Items]
Restructuring expense	1	0	0
Employee termination benefits
Restructuring Cost and Reserve [Line Items]
Restructuring expense	43	70	38
Employee termination benefits | Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring expense	1	0	0
Employee termination benefits | Turbos & Thermal Technologies
Restructuring Cost and Reserve [Line Items]
Restructuring expense	21	63	20
Employee termination benefits | Drivetrain & Morse Systems
Restructuring Cost and Reserve [Line Items]
Restructuring expense	10	6	18
Employee termination benefits | PowerDrive Systems
Restructuring Cost and Reserve [Line Items]
Restructuring expense	10	1	0
Employee termination benefits | Battery & Charging Systems
Restructuring Cost and Reserve [Line Items]
Restructuring expense	1	0	0
Other
Restructuring Cost and Reserve [Line Items]
Restructuring expense	31	9	10
Other | Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring expense	0	0	0
Other | Turbos & Thermal Technologies
Restructuring Cost and Reserve [Line Items]
Restructuring expense	18	7	0
Other | Drivetrain & Morse Systems
Restructuring Cost and Reserve [Line Items]
Restructuring expense	1	2	9
Other | PowerDrive Systems
Restructuring Cost and Reserve [Line Items]
Restructuring expense	12	0	1
Other | Battery & Charging Systems
Restructuring Cost and Reserve [Line Items]
Restructuring expense	$ 0	$ 0	$ 0

RESTRUCTURING - Narrative (Deta

RESTRUCTURING - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($) employee	Dec. 31, 2022 USD ($) program employee	Jun. 30, 2024 USD ($)	Feb. 29, 2020 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net	$ 74	$ 79	$ 48
Restructuring expense, net of cash paid	6	66	41
Segment Reporting, Reconciling Item, Corporate Nonsegment
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net of cash paid	1	0	$ 0
2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and related plan				$ 75
Restructuring expense, net	13
2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net	61	140
2023 Restructuring Plan | Minimum
Restructuring Cost and Reserve [Line Items]
Restructuring and related plan		130
2023 Restructuring Plan | Maximum
Restructuring Cost and Reserve [Line Items]
Restructuring and related plan		150
2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and related plan					$ 300
Number of voluntary termination programs (in programs) | program			2
Turbos & Thermal Technologies
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net of cash paid	39	70	$ 20
Turbos & Thermal Technologies | 2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net of cash paid	39	70
Turbos & Thermal Technologies | 2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net of cash paid			$ 20
Number of positions eliminated (in employees) | employee			74
Drivetrain & Morse Systems
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net of cash paid	11	8	$ 27
Drivetrain & Morse Systems | 2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net of cash paid	11	8
Drivetrain & Morse Systems | 2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net of cash paid			13
PowerDrive Systems
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net of cash paid	22	1	1
PowerDrive Systems | 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net of cash paid	13
PowerDrive Systems | 2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net of cash paid	9
Termination benefit | Turbos & Thermal Technologies | 2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net			18
Severance costs and professional fees | Turbos & Thermal Technologies | 2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net	21
Severance costs and professional fees | Drivetrain & Morse Systems | 2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net	10	6
Severance costs and professional fees | Drivetrain & Morse Systems | 2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net			9
Severance costs and professional fees | PowerDrive Systems | 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net	9
Employee termination benefits
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net	43	70	38
Employee termination benefits | Segment Reporting, Reconciling Item, Corporate Nonsegment
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net of cash paid	1	0	0
Employee termination benefits | Turbos & Thermal Technologies
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net of cash paid	21	$ 63	20
Employee termination benefits | Turbos & Thermal Technologies | 2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Number of positions eliminated (in employees) | employee		200
Employee termination benefits | Drivetrain & Morse Systems
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net of cash paid	10	$ 6	$ 18
Employee termination benefits | Drivetrain & Morse Systems | 2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Number of positions eliminated (in employees) | employee			80
Employee termination benefits | PowerDrive Systems
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net of cash paid	10	1	$ 0
Other
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net	31	9	10
Other | Segment Reporting, Reconciling Item, Corporate Nonsegment
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net of cash paid	0	0	0
Other | Turbos & Thermal Technologies
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net of cash paid	18	7	0
Other | Drivetrain & Morse Systems
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net of cash paid	1	2	9
Other | PowerDrive Systems
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net of cash paid	12	0	1
Contractual settlements and professional fees | Drivetrain & Morse Systems | 2020 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net of cash paid			$ 14
Professional Fees and Equipment Relocation Costs | Turbos & Thermal Technologies | 2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net	18
Professional Fees and Equipment Relocation Costs | Drivetrain & Morse Systems | 2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net		$ 2
Professional Fees and Equipment Relocation Costs | PowerDrive Systems | 2024 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net	4
Professional Fees and Equipment Relocation Costs | PowerDrive Systems | 2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring expense, net	$ 8

RESTRUCTURING - Roll Forward of

RESTRUCTURING - Roll Forward of Restructuring Liability (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	$ 75	$ 48
Restructuring expense, net	74	79	$ 48
Cash payments	(102)	(56)
Foreign currency translation adjustment and other	(3)	4
Restructuring reserve, ending balance	44	75	48
Less: Non-current restructuring liability	8
Current restructuring liability	36
Employee termination benefits
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	68	39
Restructuring expense, net	43	70	38
Cash payments	(69)	(43)
Foreign currency translation adjustment and other	(3)	2
Restructuring reserve, ending balance	39	68	39
Less: Non-current restructuring liability	8
Current restructuring liability	31
Other
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	7	9
Restructuring expense, net	31	9	10
Cash payments	(33)	(13)
Foreign currency translation adjustment and other	0	2
Restructuring reserve, ending balance	5	$ 7	$ 9
Less: Non-current restructuring liability	0
Current restructuring liability	$ 5

RESEARCH AND DEVELOPMENT COST_2

RESEARCH AND DEVELOPMENT COSTS - Research and Development Costs (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Research and Development [Abstract]
Gross R&D expenditures	$ 872	$ 856	$ 787
Customer reimbursements	(136)	(139)	(86)
Net R&D expenditures	$ 736	$ 717	$ 701

RESEARCH AND DEVELOPMENT COST_3

RESEARCH AND DEVELOPMENT COSTS - Narrative (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Research and Development [Abstract]
Net R&D expenditures as a percentage of net sales (in percent)	5.20%	5.10%	5.50%

OTHER OPERATING EXPENSE (INCO_3

OTHER OPERATING EXPENSE (INCOME), NET - Other Operating Expense (Income), Net (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other Income and Expenses [Abstract]
Adjustments associated with Spin-Off related balances	$ 17	$ 0	$ 0
Commercial contract settlement	15	0	0
Loss (gain) on sale of businesses	6	(5)	(13)
Loss (gain) on sale of assets	2	(13)	0
Merger and acquisition expense, net	2	23	9
Spin-Off transition services income, net	(5)	(10)	0
Other income, net	(5)	(11)	(4)
Other operating expense (income), net	$ 32	$ (16)	$ (8)

OTHER OPERATING EXPENSE (INCO_4

OTHER OPERATING EXPENSE (INCOME), NET - Narrative (Details) SFr in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2024 CHF (SFr)
Schedule of Equity Method Investments [Line Items]
Adjustments associated with Spin-Off related balances	$ 17	$ 0	$ 0
Loss on commercial contract settlement	15	0	0
Loss (gain) on sale of business	(6)	5	13
Loss (gain) on sale of assets	(2)	13	0
Merger and acquisition expense, net	2	23	9
Loss on change in estimate of the expected earn-out estimate		8
Spin-Off of PHINIA	5	$ 10	0
Water Valley
Schedule of Equity Method Investments [Line Items]
Loss (gain) on sale of business			(9)
BorgWarner Romeo Power LLC
Schedule of Equity Method Investments [Line Items]
Loss (gain) on sale of business			$ 22
Drivetek AG
Schedule of Equity Method Investments [Line Items]
Estimated earn-out payments	$ 6			SFr 5

INCOME TAXES - Income Tax Expen

INCOME TAXES - Income Tax Expense (Benefit) (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
U.S.		$ (303)	$ (316)	$ (40)
Non-U.S.		842	1,307	953
Earnings from continuing operations before income taxes and noncontrolling interest	$ 29	539	991	913
Federal		27	42	49
State		1	8	7
Foreign		239	299	233
Total current expense		267	349	289
Federal		(198)	(85)	(54)
State		(5)	0	(8)
Foreign		47	25	(32)
Total deferred benefit		(156)	(60)	(94)
Provision for income taxes		111	289	195
Unrealized and realized loss on equity and debt securities		$ 1	$ 174	$ 73

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Operating Loss Carryforwards [Line Items]
Effective income tax rate reconciliation (in percent)	21%	29%	21%
Tax holiday, tax benefit	$ 46	$ 35	$ 38
Tax deductions for qualifying research and development expenditure	29	35	33
Tax credits	(34)	(21)	(15)
Net expense related to valuation allowances	23	186	21
Impairment of goodwill	151	0	0
Tax adjustment expense (benefit)	(107)	(30)	(23)
Resolution of tax audit		19
Discrete tax benefit		79
Payment for penalties and interest accrued	22	65
Interest expense	5	10	$ 6
Reduction in income taxes due to previously recorded interest	46
Unrecognized tax benefits that would impact effective tax rate	92
Operating loss carryforwards, state and local	42
Deferred tax liabilities, undistributed foreign earnings	95	115
Deferred tax liability not reported, undistributed earnings of foreign subsidiaries	195
Amount of unrecognized deferred tax liability	2
Non-U.S. Tax Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	218
Operating loss carryforwards, subject to expiration	40
Operating loss carryforwards, not subject to expiration	178
Operating loss carryforwards, valuation allowance	174
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, subject to expiration	22
Operating loss carryforwards, not subject to expiration	20
Operating loss carryforwards, valuation allowance	37
Tax credit carryforwards, other	38
Tax credit carryforward, valuation allowance	38
Spinoff
Operating Loss Carryforwards [Line Items]
Tax adjustment expense (benefit)	$ (36)	$ (50)

INCOME TAXES - Income Tax Recon

INCOME TAXES - Income Tax Reconciliation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income taxes at U.S. statutory rate of 21%	$ 114	$ 209	$ 192
Impairment of goodwill	151	0	0
Net tax on remittance of foreign earnings	38	45	36
Foreign rate differentials	14	20	57
Valuation allowance adjustments, net	23	186	21
Other permanent differences	17	18	14
Changes in accounting methods and filing positions	(10)	(18)	(15)
State taxes, net of federal benefit	(6)	6	(3)
Affiliates' earnings	(6)	(7)	(6)
Effective Income Tax Rate Reconciliation, FDII, Amount	(11)	(23)	(23)
Impact of tax law and rate change	(9)	(1)	1
U.S. tax on foreign earnings	24	18	10
Enhanced research and development deductions	(29)	(35)	(33)
Tax credits	(34)	(21)	(15)
Deferred tax impact of intra-group transactions	(36)	(70)	0
Tax holidays	(46)	(35)	(38)
Reserve adjustments, settlements and claims	(99)	(15)	13
Other, net	16	12	(16)
Provision for income taxes, as reported	$ 111	$ 289	$ 195

INCOME TAXES - Unrecognized Tax

INCOME TAXES - Unrecognized Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of the total gross unrecognized tax benefits
Balance, January 1	$ 161	$ 172	$ 181
Additions based on tax positions related to current year	9	15	19
Reductions for closure of tax audits and settlements	0	(5)	(9)
Reductions for tax positions of prior years	(1)	(11)	(7)
Reductions for lapse in statute of limitations	(67)	(10)	0
Translation adjustment	(7)	0	(12)
Balance, December 31	$ 95	$ 161	$ 172

INCOME TAXES - Deferred Tax Ass

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets:
Net operating loss and capital loss carryforwards	$ 305	$ 359
Research and development capitalization	291	211
Employee compensation	45	43
State tax credits	38	23
Warranty	30	20
Unrecognized tax benefits	25	27
Foreign tax credits	9	0
Pension and other postemployment benefits		4
Other comprehensive loss	0	3
Other	126	97
Total deferred tax assets	869	787
Valuation allowance	(325)	(310)
Net deferred tax asset	544	477
Deferred tax liabilities:
Fixed assets	(107)	(121)
Goodwill and intangible assets	(100)	(135)
Unremitted foreign earnings	(95)	(115)
Other comprehensive income	(35)	0
Pension and other postemployment benefits	(4)	0
Unrealized gain on equity securities	(2)	(2)
Other	(9)	(7)
Total deferred tax liabilities	(352)	(380)
Net deferred taxes	$ 192	$ 97

RECEIVABLES, NET- Details of Re

RECEIVABLES, NET- Details of Receivables (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Receivables [Abstract]
Customers	$ 2,273	$ 2,519
Indirect taxes	310	238
Other	281	364
Gross receivables	2,864	3,121
Allowance for credit losses	(21)	(12)	$ (11)	$ (9)
Total receivables, net	$ 2,843	$ 3,109

RECEIVABLES, NET- Allowance for

RECEIVABLES, NET- Allowance for Credit Losses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance, January 1	$ (12)	$ (11)	$ (9)
Provision	(10)	(4)	(2)
Write-offs	0	2	0
Translation adjustment and other	1	1	0
Ending balance, December 31	$ (21)	$ (12)	$ (11)

INVENTORIES, NET (Details)

INVENTORIES, NET (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw material and supplies	$ 915	$ 991
Work-in-progress	147	160
Finished goods	189	194
FIFO inventories	1,251	1,345
LIFO reserve	0	(32)
Inventories, net	$ 1,251	$ 1,313

OTHER CURRENT AND NON-CURRENT_4

OTHER CURRENT AND NON-CURRENT ASSETS (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Prepayments and other current assets:
Prepaid tooling	$ 107	$ 89
Prepaid taxes	98	38
Customer incentive payments (Note 3)	22	27
Derivative instruments	19	32
Contract assets (Note 3)	15	18
Other	72	57
Total prepayments and other current assets	333	261
Investments and long-term receivables:
Investment in equity affiliates	245	237
Investment in equity securities	70	71
Long-term receivables	41	56
Total investments and long-term receivables	356	364
Other non-current assets:
Deferred income taxes (Note 7)	359	257
Operating leases (Note 22)	177	143
Derivative instruments	89	15
Customer incentive payments (Note 3)	23	58
Other	62	39
Total other non-current assets	$ 710	$ 512

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT, NET - Property, Plant and Equipment (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Finance lease assets	$ 30	$ 32
Total property, plant and equipment, gross	7,341	7,349
Less: accumulated depreciation	4,007	3,816
Property, plant and equipment, net, excluding tooling	3,334	3,533
Tooling, net of amortization	241	250
Property, plant and equipment, net	3,575	3,783
Land, land use rights and buildings
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	1,354	1,319
Machinery and equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	5,520	5,327
Construction in progress
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, gross	$ 437	$ 671

PROPERTY, PLANT AND EQUIPMENT_4

PROPERTY, PLANT AND EQUIPMENT, NET - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Interest costs capitalized	$ 15	$ 17	$ 17

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLES - Narative (Details) $ in Millions	3 Months Ended		6 Months Ended		9 Months Ended	12 Months Ended
	Dec. 31, 2024 USD ($) numberOfDays	Sep. 30, 2024 numberOfDays	Dec. 31, 2024 USD ($) segment	Jun. 30, 2024 segment	Sep. 30, 2024 numberOfDays	Dec. 31, 2024 USD ($) numberOfDays	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Goodwill [Line Items]
Number of reportable segments (in segments)			4	3		4
Number of reporting units | numberOfDays	2	2			4
Impairment						$ 577
Intangible asset amortization						69	$ 67	$ 69
Future amortization expense - 2025	$ 66		$ 66			66
Future amortization expense - 2026	59		59			59
Future amortization expense - 2027	53		53			53
Future amortization expense - 2028	52		52			52
Future amortization expense - 2029	52		52			52
Future amortization expense - Thereafter	$ 189		$ 189			189
Other intangible assets
Goodwill [Line Items]
Intangible asset amortization						$ 69	67	$ 69
Minimum
Goodwill [Line Items]
Goodwill impairment test, weighted average cost of capital discount rate for future cash flow (as a percent)						13.50%
Maximum
Goodwill [Line Items]
Goodwill impairment test, weighted average cost of capital discount rate for future cash flow (as a percent)						14.50%
PowerDrive Systems
Goodwill [Line Items]
Reporting unit, percentage	5%		5%			5%
PowerDrive Systems
Goodwill [Line Items]
Impairment						$ (468)
Battery & Charging Systems
Goodwill [Line Items]
Impairment							$ (109)

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLES - Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Changes in the carrying amount of goodwill
Gross goodwill balance, January 1	$ 3,515	$ 3,480
Accumulated impairment losses		(502)	$ (502)
Goodwill, beginning balance	3,013	2,978
Acquisitions		22
Impairment	577
Measurement period adjustments	6	(6)
Other, primarily translation adjustment	(85)	19
Goodwill, ending balance	2,357	3,013	2,978
Turbos & Thermal Technologies
Changes in the carrying amount of goodwill
Gross goodwill balance, January 1	1,257	1,246
Accumulated impairment losses		(502)	(502)
Goodwill, beginning balance	755	744
Acquisitions		0
Impairment	0
Measurement period adjustments	0	0
Other, primarily translation adjustment	(22)	11
Goodwill, ending balance	733	755	744
Drivetrain & Morse Systems
Changes in the carrying amount of goodwill
Gross goodwill balance, January 1	1,126	1,126
Accumulated impairment losses		0	0
Goodwill, beginning balance	1,126	1,126
Acquisitions		0
Impairment	0
Measurement period adjustments	0	0
Other, primarily translation adjustment	(6)	0
Goodwill, ending balance	1,120	1,126	1,126
PowerDrive Systems
Changes in the carrying amount of goodwill
Gross goodwill balance, January 1	481	480
Accumulated impairment losses		0	0
Goodwill, beginning balance	481	480
Acquisitions		14
Impairment	(468)
Measurement period adjustments	6	0
Other, primarily translation adjustment	(19)	(13)
Goodwill, ending balance	0	481	480
Battery & Charging Systems
Changes in the carrying amount of goodwill
Gross goodwill balance, January 1		651	628
Accumulated impairment losses			0	$ 0
Goodwill, beginning balance	$ 504	651	628
Acquisitions			8
Impairment		(109)
Measurement period adjustments		0	(6)
Other, primarily translation adjustment		(38)	21
Goodwill, ending balance		$ 504	$ 651

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLES - Intangible Assets (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Finite-Lived Intangible Assets, Gross	$ 971	$ 1,014
Amortized intangible assets, accumulated amortization	500	456	$ 384
Amortized intangible assets, net	471	558
Intangible assets, gross (excluding goodwill)	974	1,020	$ 1,003
Other intangible assets, net	474	564
Patented and unpatented technology
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Finite-Lived Intangible Assets, Gross	352	364
Amortized intangible assets, accumulated amortization	172	145
Amortized intangible assets, net	180	219
Customer relationships
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Finite-Lived Intangible Assets, Gross	610	641
Amortized intangible assets, accumulated amortization	321	305
Amortized intangible assets, net	289	336
Miscellaneous
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Finite-Lived Intangible Assets, Gross	9	9
Amortized intangible assets, accumulated amortization	7	6
Amortized intangible assets, net	2	3
Unamortized trade names
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Indefinite-Lived Trade Names	$ 3	$ 6
Minimum | Patented and unpatented technology
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Estimated useful lives (years)	5 years
Minimum | Customer relationships
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Estimated useful lives (years)	6 years
Minimum | Miscellaneous
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Estimated useful lives (years)	2 years
Maximum | Patented and unpatented technology
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Estimated useful lives (years)	15 years
Maximum | Customer relationships
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Estimated useful lives (years)	15 years
Maximum | Miscellaneous
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Estimated useful lives (years)	5 years

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLES - Rollforward of Intangible assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Gross carrying amounts
Beginning balance, January 1	$ 1,020	$ 1,003
Acquisitions and measurement period adjustments	(4)	14
Write-offs	(3)	0
Amortization	0	0
Translation adjustment	(39)	3
Ending balance, December 31	974	1,020	$ 1,003
Accumulated amortization
Beginning balance, January 1	456	384
Acquisitions and measurement period adjustments	0	0
Write-offs	0	0
Amortization	69	67	69
Translation adjustment	(25)	5
Ending balance, December 31	$ 500	$ 456	$ 384

PRODUCT WARRANTY (Details)

PRODUCT WARRANTY (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Beginning balance, January 1	$ 196	$ 185
Provisions for current period sales	85	98
Adjustments of prior estimates	15	(3)
Payments	(71)	(84)
Other, primarily translation adjustment	(10)	0
Ending balance, December 31	215	196
Product Warranty Accrual, Balance Sheet Classification [Abstract]
Other current liabilities	88	91
Other non-current liabilities	127	105
Total product warranty liability	$ 215	$ 196

DEBT - Debt Outstanding (Detail

DEBT - Debt Outstanding (Details)	Dec. 31, 2024 USD ($)	Dec. 31, 2024 EUR (€)	Aug. 31, 2024	Aug. 16, 2024 USD ($)	Dec. 31, 2023 USD ($)
Long-term debt
Total long-term debt	$ 4,100,000,000				$ 3,710,000,000
Less: current portion	337,000,000				3,000,000
Long-term debt, net of current portion	3,763,000,000				3,707,000,000
Senior Notes
Long-term debt
Debt instrument face value	1,100,000,000
Short-term borrowings
Short-term debt
Short-term borrowings	61,000,000				70,000,000
3.375% Senior notes due 03/15/25 ($334 million par value) | Senior Notes
Long-term debt
Long-term Debt	334,000,000				384,000,000
Debt instrument stated interest rate			3.375%
Debt instrument face value	334,000,000
5.000% Senior notes due 10/01/25 | Senior Notes
Long-term debt
Long-term Debt	0				477,000,000
Debt instrument stated interest rate			5%
2.650% Senior notes due 07/01/27 ($1,100 million par value) | Senior Notes
Long-term debt
Long-term Debt	$ 1,095,000,000				1,093,000,000
Debt instrument stated interest rate	2.65%	2.65%
7.125% Senior notes due 02/15/29 ($121 million par value) | Senior Notes
Long-term debt
Long-term Debt	$ 120,000,000				120,000,000
Debt instrument stated interest rate	7.125%	7.125%
Debt instrument face value	$ 121,000,000
4.950% Senior notes due 08/15/29 ($500 million par value) | Senior Notes
Long-term debt
Long-term Debt	495,000,000				0
Debt instrument stated interest rate				4.95%
Debt instrument face value				$ 500,000,000
1.000% Senior notes due 05/19/31 (€1,000 million par value) | Senior Notes
Long-term debt
Long-term Debt	$ 1,022,000,000				1,088,000,000
Debt instrument stated interest rate	1%	1%
Debt instrument face value | €		€ 1,000,000,000
5.400% Senior notes due 08/15/34 ($500 million par value) | Senior Notes
Long-term debt
Long-term Debt	$ 493,000,000				0
Debt instrument stated interest rate				5.40%
Debt instrument face value				$ 500,000,000
4.375% Senior notes due 03/15/45 ($500 million par value) | Senior Notes
Long-term debt
Long-term Debt	$ 495,000,000				495,000,000
Debt instrument stated interest rate	4.375%	4.375%
Debt instrument face value	$ 500,000,000
Term loan facilities, finance leases and other | Term Loan
Long-term debt
Long-term Debt	$ 46,000,000				$ 53,000,000

DEBT - Narrative (Details)

DEBT - Narrative (Details)		1 Months Ended		12 Months Ended
	Nov. 01, 2024 USD ($)	Aug. 31, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2024 EUR (€)
Line of Credit Facility [Line Items]
Gain on debt extinguishment				$ 10,000,000	$ 28,000,000	$ 0
Payment for debt extinguishment or debt prepayment cost			$ 430,000,000
Debt Instrument, unamortized discount (premium) and debt issuance costs, net				$ 20,000,000
Short-term, weighted average interest rate on borrowings outstanding				4%	3.50%		4%
Debt, weighted average interest rate				2.80%	2.30%		2.80%
Maximum line of credit potential additional increase				$ 2,000,000,000
Estimated fair value of senior unsecured notes				3,797,000,000	$ 3,304,000,000
Debt, difference between fair value and carrying value				(257,000,000)	(353,000,000)
Outstanding letters of credit				29,000,000	37,000,000
Senior Notes
Line of Credit Facility [Line Items]
Debt instrument face value				1,100,000,000
Extinguishment of debt, amount			438,000,000
3.375% Senior notes due 03/15/25 ($334 million par value) | Senior Notes
Line of Credit Facility [Line Items]
Debt instrument face value				$ 334,000,000
Debt instrument stated interest rate		3.375%
Extinguishment of debt, amount		$ 50,000,000	115,000,000
Senior Notes Due October 2025 | Senior Notes
Line of Credit Facility [Line Items]
Extinguishment of debt, amount	$ 343,000,000	$ 110,000,000	$ 323,000,000
Debt instrument, redemption price, percentage	101%
5.000% Senior notes due 10/01/25 | Senior Notes
Line of Credit Facility [Line Items]
Debt instrument stated interest rate		5%
Cash Settlement | Senior Notes
Line of Credit Facility [Line Items]
Gain on debt extinguishment					(8,000,000)
1.000% Senior notes due 05/19/31 (€1,000 million par value) | Senior Notes
Line of Credit Facility [Line Items]
Debt instrument face value | €							€ 1,000,000,000
Debt instrument stated interest rate				1%			1%
Short Term Borrowings
Line of Credit Facility [Line Items]
Short-term borrowings				$ 61,000,000	70,000,000
Debt Instrument, Basis Spread on Variable Rate				1.75%
Revolving Credit Facility
Line of Credit Facility [Line Items]
Multi-currency revolving credit agreement, maximum borrowing capacity				$ 2,000,000,000
Maximum line of credit potential additional increase				1,000,000,000
Long-term line of credit				0	0
Commercial Paper
Line of Credit Facility [Line Items]
Multi-currency revolving credit agreement, current borrowing capacity				2,000,000,000
Short-term, Unsecured Commercial Paper Notes
Line of Credit Facility [Line Items]
Long-term line of credit				$ 0	$ 0

DEBT - Consolidated Statements

DEBT - Consolidated Statements of Operations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Disclosure [Abstract]
Interest expense	$ 84	$ 73	$ 71
Interest income	(54)	(35)	(20)
Gain on debt extinguishment	(10)	(28)	0
Interest expense, net	$ 20	$ 10	$ 51

DEBT - Annual Principal Payment

DEBT - Annual Principal Payments (Details) $ in Millions	Dec. 31, 2024 USD ($)
Debt Disclosure [Abstract]
2025	$ 398
2026	27
2027	1,103
2028	2
2029	623
After 2029	2,044
Total payments	4,197
Less: unamortized premiums, net of discount	(36)
Total short and long-term debt	$ 4,161

OTHER CURRENT AND NON-CURRENT_5

OTHER CURRENT AND NON-CURRENT LIABILITIES (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Other current liabilities:
Payroll and employee related	$ 361	$ 329
Customer related	160	124
Indirect taxes	117	121
Income taxes payable	115	103
Product warranties (Note 13)	88	91
Operating leases (Note 22)	38	37
Employee termination benefits (Note 4)	31	61
Interest	31	26
Derivative instruments	27	3
Supplier related	26	16
Accrued freight	22	26
Government grants	22	3
Insurance	18	16
Contract liabilities (Note 3)	13	18
Other non-income taxes	12	12
Deferred engineering	10	13
Retirement related (Note 18)	10	11
Other	115	138
Total other current liabilities	1,216	1,148
Other non-current liabilities:
Operating leases (Note 22)	144	112
Deferred income taxes (Note 7)	167	160
Product warranties (Note 13)	127	105
Other income tax liabilities	118	226
Deferred income	88	83
Other	97	81
Total other non-current liabilities	$ 741	$ 767

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured at Fair Value (Details) - Fair value, recurring - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Market approach
Assets, Fair Value Disclosure [Abstract]
Investment in equity securities	$ 25	$ 26
Foreign currency contracts	24	33
Net investment hedge contracts	84	14
Liabilities, Fair Value Disclosure [Abstract]
Foreign currency contracts	32	3
Net investment hedge contracts		2
Market approach | Quoted prices in active markets for identical items (Level 1)
Assets, Fair Value Disclosure [Abstract]
Investment in equity securities	0	0
Foreign currency contracts	0	0
Net investment hedge contracts	0	0
Liabilities, Fair Value Disclosure [Abstract]
Foreign currency contracts	0	0
Net investment hedge contracts		0
Market approach | Significant other observable inputs (Level 2)
Assets, Fair Value Disclosure [Abstract]
Investment in equity securities	0	0
Foreign currency contracts	24	33
Net investment hedge contracts	84	14
Liabilities, Fair Value Disclosure [Abstract]
Foreign currency contracts	32	3
Net investment hedge contracts		2
Market approach | Significant unobservable inputs (Level 3)
Assets, Fair Value Disclosure [Abstract]
Investment in equity securities	0	0
Foreign currency contracts	0	0
Net investment hedge contracts	0	0
Liabilities, Fair Value Disclosure [Abstract]
Foreign currency contracts	0	0
Net investment hedge contracts		0
Market approach | Assets measured at NAV
Assets, Fair Value Disclosure [Abstract]
Investment in equity securities	25	26
Foreign currency contracts	0	0
Net investment hedge contracts	0	0
Liabilities, Fair Value Disclosure [Abstract]
Foreign currency contracts	0	0
Net investment hedge contracts		0
Valuation, Income Approach
Assets, Fair Value Disclosure [Abstract]
Current earn-out receivables		5
Liabilities, Fair Value Disclosure [Abstract]
Current earn-out liabilities	4	2
Non-current earn-out liabilities	3	13
Valuation, Income Approach | Quoted prices in active markets for identical items (Level 1)
Assets, Fair Value Disclosure [Abstract]
Current earn-out receivables		0
Liabilities, Fair Value Disclosure [Abstract]
Current earn-out liabilities	0	0
Non-current earn-out liabilities	0	0
Valuation, Income Approach | Significant other observable inputs (Level 2)
Assets, Fair Value Disclosure [Abstract]
Current earn-out receivables		0
Liabilities, Fair Value Disclosure [Abstract]
Current earn-out liabilities	0	0
Non-current earn-out liabilities	0	0
Valuation, Income Approach | Significant unobservable inputs (Level 3)
Assets, Fair Value Disclosure [Abstract]
Current earn-out receivables		5
Liabilities, Fair Value Disclosure [Abstract]
Current earn-out liabilities	4	2
Non-current earn-out liabilities	3	13
Valuation, Income Approach | Assets measured at NAV
Assets, Fair Value Disclosure [Abstract]
Current earn-out receivables		0
Liabilities, Fair Value Disclosure [Abstract]
Current earn-out liabilities	0	0
Non-current earn-out liabilities	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Recon

FAIR VALUE MEASUREMENTS - Reconciliation of Level 3 Earn-out Assets and Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Current earn-out receivables
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 5	$ 9
Change in fair value of contingent consideration	3	5
Earn-out settlements	(8)	(9)
Ending balance	0	5
Current earn-out liabilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	2	21
Change in fair value of contingent consideration	4	5
Earn-out settlements	(2)	(24)
Ending balance	4	2
Non-current earn-out liabilities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	13	10
Change in fair value of contingent consideration	(10)	3
Earn-out settlements	0	0
Ending balance	$ 3	$ 13

FAIR VALUE MEASUREMENTS - Defin

FAIR VALUE MEASUREMENTS - Defined Benefit Plan Assets (Details) - Fair value, recurring - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
United States
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	$ 126	$ 123
United States | Quoted prices in active markets for identical items (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	19	2
United States | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
United States | Significant unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
United States | Assets measured at NAV
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	107	121
United States | Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	76	87
United States | Fixed income securities | Assets measured at NAV
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	76	87
United States | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	16	18
United States | Equity securities | Assets measured at NAV
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	16	18
United States | Alternative credit fund
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	15	16
United States | Alternative credit fund | Assets measured at NAV
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	15	16
United States | Cash
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	19	2
United States | Cash | Assets measured at NAV
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
United States | Market approach | Fixed income securities | Quoted prices in active markets for identical items (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
United States | Market approach | Fixed income securities | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
United States | Market approach | Fixed income securities | Significant unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
United States | Market approach | Equity securities | Quoted prices in active markets for identical items (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
United States | Market approach | Equity securities | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
United States | Market approach | Equity securities | Significant unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
United States | Market approach | Alternative credit fund | Quoted prices in active markets for identical items (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
United States | Market approach | Alternative credit fund | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
United States | Market approach | Alternative credit fund | Significant unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
United States | Market approach | Cash | Quoted prices in active markets for identical items (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	19	2
United States | Market approach | Cash | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
United States | Market approach | Cash | Significant unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
Non-U.S.
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	380	392
Non-U.S. | Quoted prices in active markets for identical items (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	121	199
Non-U.S. | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	13	23
Non-U.S. | Significant unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	98	74
Non-U.S. | Assets measured at NAV
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	148	96
Non-U.S. | Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	141	213
Non-U.S. | Fixed income securities | Assets measured at NAV
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	118	46
Non-U.S. | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	73	40
Non-U.S. | Equity securities | Assets measured at NAV
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	13	13
Non-U.S. | Cash
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	33	5
Non-U.S. | Cash | Assets measured at NAV
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
Non-U.S. | Insurance contract
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	98	74
Non-U.S. | Insurance contract | Assets measured at NAV
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
Non-U.S. | Real estate and other
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	35	60
Non-U.S. | Real estate and other | Assets measured at NAV
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	17	37
Non-U.S. | Market approach | Fixed income securities | Quoted prices in active markets for identical items (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	23	167
Non-U.S. | Market approach | Fixed income securities | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
Non-U.S. | Market approach | Fixed income securities | Significant unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
Non-U.S. | Market approach | Equity securities | Quoted prices in active markets for identical items (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	60	27
Non-U.S. | Market approach | Equity securities | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
Non-U.S. | Market approach | Equity securities | Significant unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
Non-U.S. | Market approach | Cash | Quoted prices in active markets for identical items (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	33	5
Non-U.S. | Market approach | Cash | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
Non-U.S. | Market approach | Cash | Significant unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
Non-U.S. | Market approach | Insurance contract | Quoted prices in active markets for identical items (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
Non-U.S. | Market approach | Insurance contract | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	0	0
Non-U.S. | Market approach | Insurance contract | Significant unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	98	74
Non-U.S. | Market approach | Real estate and other | Quoted prices in active markets for identical items (Level 1)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	5	0
Non-U.S. | Market approach | Real estate and other | Significant other observable inputs (Level 2)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	13	$ 23
Non-U.S. | Market approach | Real estate and other | Significant unobservable inputs (Level 3)
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	$ 0

FAIR VALUE MEASUREMENTS - Rec_2

FAIR VALUE MEASUREMENTS - Reconciliation of Level 3 Defined Benefit Plan Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Insurance contract
Change in plan assets:
Fair value, beginning balance	$ 74	$ 69
Purchases, sales and settlements	31	0
Benefits paid	(5)	5
Unrealized (losses) gains on assets still held at the reporting date		(4)
Translation adjustment	(2)	4
Fair value, ending balance	98	74
Real estate trust fund
Change in plan assets:
Fair value, beginning balance	0	46
Purchases, sales and settlements	0	(46)
Benefits paid	0	0
Unrealized (losses) gains on assets still held at the reporting date		0
Translation adjustment	0	0
Fair value, ending balance	$ 0	$ 0

FINANCIAL INSTRUMENTS - Foreign

FINANCIAL INSTRUMENTS - Foreign Currency Derivative Contract (Details) € in Millions, ₩ in Millions, ฿ in Millions, ¥ in Millions, £ in Millions, zł in Millions, SFr in Millions, Ft in Millions, $ in Millions, $ in Millions

Dec. 31, 2024 EUR (€)

Dec. 31, 2024 USD ($)

Dec. 31, 2024 GBP (£)

Dec. 31, 2024 HUF (Ft)

Dec. 31, 2024 PLN (zł)

Dec. 31, 2024 CHF (SFr)

Dec. 31, 2024 CNY (¥)

Dec. 31, 2024 KRW (₩)

Dec. 31, 2024 MXN ($)

Dec. 31, 2024 THB (฿)

Dec. 31, 2023 EUR (€)

Dec. 31, 2023 USD ($)

Dec. 31, 2023 GBP (£)

Dec. 31, 2023 HUF (Ft)

Dec. 31, 2023 PLN (zł)

Dec. 31, 2023 CHF (SFr)

Dec. 31, 2023 CNY (¥)

Dec. 31, 2023 KRW (₩)

Dec. 31, 2023 MXN ($)

Dec. 31, 2023 THB (฿)

British Pound | Foreign exchange contract

Derivative [Line Items]

Derivative, notional amount | €

€ 84

€ 83

Chinese Renminbi | Foreign exchange contract

Derivative [Line Items]

Derivative, notional amount

$ 237

¥ 666

$ 209

¥ 582

Euro | Foreign exchange contract

Derivative [Line Items]

Derivative, notional amount

214

£ 76

Ft 12,588

zł 690

SFr 57

152

£ 15

Ft 8,233

zł 573

SFr 24

Thailand Baht | Foreign exchange contract

Derivative [Line Items]

Derivative, notional amount

43

30

U.S. Dollar

Derivative [Line Items]

Derivative, notional amount

$ 10

$ 10

U.S. Dollar | Foreign exchange contract

Derivative [Line Items]

Derivative, notional amount

₩ 15,887

$ 4,766

฿ 0

₩ 34,209

$ 3,280

฿ 2,100

FINANCIAL INSTRUMENTS - Cross-C

FINANCIAL INSTRUMENTS - Cross-Currency Swap Contract (Details) € in Millions, ¥ in Millions, $ in Millions	Dec. 31, 2024 EUR (€)	Dec. 31, 2024 USD ($)	Dec. 31, 2024 CNY (¥)	Apr. 30, 2024 USD ($)	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 USD ($)	Dec. 31, 2023 CNY (¥)
U.S. Dollar
Derivative [Line Items]
Derivative, notional amount		$ 10				$ 10
Cross-currency swaps | Maturity Period March 2025
Derivative [Line Items]
Derivative, notional amount				$ 500
Cross-currency swaps | Maturity Period March 2029
Derivative [Line Items]
Derivative, notional amount				$ 500
Cross-currency swaps | U.S. Dollar | Maturity Period July 2027
Derivative [Line Items]
Derivative, notional amount		1,100				1,100
Cross-currency swaps | U.S. Dollar | Maturity Period March 2025
Derivative [Line Items]
Derivative, notional amount		0				500
Cross-currency swaps | U.S. Dollar | Maturity Period March 2029
Derivative [Line Items]
Derivative, notional amount		500				0
Cross-currency swaps | U.S. Dollar | Maturity Period Feb 2029
Derivative [Line Items]
Derivative, notional amount		$ 100				$ 100
Cross-currency swaps | Euro | Maturity Period July 2027
Derivative [Line Items]
Derivative, notional amount | €	€ 976				€ 976
Cross-currency swaps | Euro | Maturity Period March 2025
Derivative [Line Items]
Derivative, notional amount | €	0				450
Cross-currency swaps | Euro | Maturity Period March 2029
Derivative [Line Items]
Derivative, notional amount | €	€ 470				€ 0
Cross-currency swaps | Euro | Maturity Period Feb 2029
Derivative [Line Items]
Derivative, notional amount | ¥			¥ 12,724				¥ 12,724

FINANCIAL INSTRUMENTS - Narrati

FINANCIAL INSTRUMENTS - Narrative (Details)	1 Months Ended	12 Months Ended
	Apr. 30, 2024 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2024 EUR (€)
Derivative [Line Items]
Proceeds from settlement of net investment hedges, net		$ 46,000,000	$ 25,000,000	$ 40,000,000
Senior Notes
Derivative [Line Items]
Debt instrument face value		$ 1,100,000,000
1.000% Senior notes due 05/19/31 (€1,000 million par value) | Senior Notes
Derivative [Line Items]
Debt instrument face value | €					€ 1,000,000,000
Debt instrument stated interest rate		1%			1%
Maturity Period March 2025 | Cross-currency swaps
Derivative [Line Items]
Derivative, notional amount	$ 500,000,000
Proceeds from settlement of net investment hedges, net	23,000,000
Maturity Period March 2029 | Cross-currency swaps
Derivative [Line Items]
Derivative, notional amount	$ 500,000,000

FINANCIAL INSTRUMENTS - Balance

FINANCIAL INSTRUMENTS - Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Designated as Hedging Instrument | Foreign exchange contract | Prepayments and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	$ 18	$ 30
Designated as Hedging Instrument | Foreign exchange contract | Other non-current assets
Derivatives, Fair Value [Line Items]
Derivative assets	5	1
Designated as Hedging Instrument | Foreign exchange contract | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	23	2
Designated as Hedging Instrument | Foreign exchange contract | Other non-current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	5	0
Designated as Hedging Instrument | Cross-currency swaps | Other non-current assets | Net Investment Hedging
Derivatives, Fair Value [Line Items]
Derivative assets	84	14
Designated as Hedging Instrument | Cross-currency swaps | Other non-current liabilities | Net Investment Hedging
Derivatives, Fair Value [Line Items]
Derivative liabilities	0	2
Not Designated as Hedging Instrument | Foreign exchange contract | Prepayments and other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	1	2
Not Designated as Hedging Instrument | Foreign exchange contract | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	$ 4	$ 1

FINANCIAL INSTRUMENTS - AOCI (D

FINANCIAL INSTRUMENTS - AOCI (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Accumulated other comprehensive income (loss), cumulative changes in net gain (loss) from hedges, before tax	$ 252	$ 112
Gain (loss) expected to be reclassified to income in one year or less	0
Cross-currency swaps | Net Investment Hedging
Derivatives, Fair Value [Line Items]
Accumulated other comprehensive income (loss), cumulative changes in net gain (loss) from hedges, before tax	84	12
Gain (loss) expected to be reclassified to income in one year or less	0
Foreign currency-denominated debt | Net Investment Hedging
Derivatives, Fair Value [Line Items]
Accumulated other comprehensive income (loss), cumulative changes in net gain (loss) from hedges, before tax	168	$ 100
Gain (loss) expected to be reclassified to income in one year or less	$ 0

FINANCIAL INSTRUMENTS - Income

FINANCIAL INSTRUMENTS - Income Statement (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Net sales	$ 14,086	$ 14,198	$ 12,635
Cost of sales	11,438	11,630	10,266
Selling, general and administrative expenses - R&D, net	1,350	1,316	1,290
Other comprehensive income	(192)	48	(325)
Gain (loss) on cash flow hedging relationships:
Gain (loss) recognized in other comprehensive income (loss)	(2)	59	20
Gain (loss) reclassified from AOCI to income	0	0	0
Cash Flow Hedging | Foreign exchange contract | Gain (loss) reclassified from AOCI to income
Derivatives, Fair Value [Line Items]
Net sales	3	0	0
Cost of sales	33	0	0
Selling, general and administrative expenses - R&D, net	$ (1)	$ 34	$ 16

FINANCIAL INSTRUMENTS - Other C

FINANCIAL INSTRUMENTS - Other Comprehensive Income (Loss) (Details) - Net Investment Hedging - Other comprehensive income (loss) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Foreign exchange contract
Derivative Instruments, Gain (Loss) [Line Items]
Gains and (losses) on derivative instruments	$ 0	$ 0	$ 6
Cross-currency swaps
Derivative Instruments, Gain (Loss) [Line Items]
Gains and (losses) on derivative instruments	72	(55)	129
Foreign currency-denominated debt
Derivative Instruments, Gain (Loss) [Line Items]
Gains and (losses) on derivative instruments	$ 68	$ (33)	$ 67

FINANCIAL INSTRUMENTS - Derivat

FINANCIAL INSTRUMENTS - Derivative Instruments Gains (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net Investment Hedging | Cross-currency swaps
Derivative Instruments, Gain (Loss) [Line Items]
Cross-currency swaps	$ 23	$ 25	$ 26

FINANCIAL INSTRUMENTS - Deriv_2

FINANCIAL INSTRUMENTS - Derivatives Not Designated as Hedging Instruments (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Selling, general and administrative expenses - R&D, net	Selling, general and administrative expenses - R&D, net	Selling, general and administrative expenses - R&D, net
Foreign exchange contract | Not Designated as Hedging Instrument
Derivative [Line Items]
Gain (loss) on derivatives not designated as hedges	$ 2	$ (15)	$ 7

RETIREMENT BENEFIT PLANS - Narr

RETIREMENT BENEFIT PLANS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Jan. 31, 2025
Defined Benefit Plan Disclosure [Line Items]
Defined contribution expense	$ 46	$ 45	$ 59
Health care cost trend rate assumed for next fiscal year	7%
Defined benefit plan, ultimate health care cost trend rate	4.75%
Funded status of plan	$ (95)	(103)
UK Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, benefit obligation	98
Pension benefits
Defined Benefit Plan Disclosure [Line Items]
Payments for contractual obligation	6
Pension benefits | UK Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	50
Pension benefits | Non-U.S.
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	380	392	1,156
Defined benefit plan, benefit obligation	451	478	$ 1,322
Funded status of plan	(71)	(86)
Pension benefits | Non-U.S. | UK Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, plan assets, amount	$ 118
Plan assets, target allocation, percentage	83%
Funded status of plan	$ 20	$ 18
Pension benefits | Non-U.S. | UK Pension Plan | Subsequent event
Defined Benefit Plan Disclosure [Line Items]
Plan assets, target allocation, percentage				17%
Minimum | Pension benefits
Defined Benefit Plan Disclosure [Line Items]
Future employer contributions	$ 20

RETIREMENT BENEFIT PLANS - Expe

RETIREMENT BENEFIT PLANS - Expense for Defined Contribution and Defined Benefit Pension Plans and Other Post Employment Defined Benefit Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Retirement Benefits [Abstract]
Defined contribution expense	$ 46	$ 45	$ 59
Defined benefit pension (income) expense	26	26	(10)
Other postemployment benefit income	0	0	(1)
Total	$ 72	$ 71	$ 48

RETIREMENT BENEFIT PLANS - Bene

RETIREMENT BENEFIT PLANS - Benefit Obligation and Plan Assets (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Change in plan assets:
Funded status	$ (95)	$ (103)
Amounts in the Consolidated Balance Sheets consist of:
Non-current liabilities	$ (137)	(146)
Amounts in accumulated other comprehensive loss consist of:
Weighted average discount rate	0.0040
Other postemployment benefits
Change in projected benefit obligation:
Projected benefit obligation, January 1	$ 33	37
Service cost	0	0	$ 0
Interest cost	1	2	1
Plan amendments	0	0
Settlement and curtailment	0	0
Actuarial loss (gain)	(1)	0
Currency translation	0	0
PHINIA Spin-Off	0	(1)
Benefits paid	(4)	(5)
Projected benefit obligation, December 31	29	33	37
Change in plan assets:
Funded status	(29)	(33)
Amounts in the Consolidated Balance Sheets consist of:
Non-current assets	0	0
Current liabilities	(4)	(5)
Non-current liabilities	(25)	(28)
Net amount	(29)	(33)
Amounts in accumulated other comprehensive loss consist of:
Net actuarial loss	(4)	(3)
Net prior service (credit) cost	(7)	(8)
Net amount	(11)	(11)
United States
Change in plan assets:
Funded status	(2)	(8)
United States | Pension benefits
Change in projected benefit obligation:
Projected benefit obligation, January 1	131	136
Service cost	0	0	0
Interest cost	6	7	4
Plan amendments	0	0
Settlement and curtailment	0	0
Actuarial loss (gain)	(3)	2
Currency translation	0	0
PHINIA Spin-Off	0	0
Benefits paid	(13)	(14)
Projected benefit obligation, December 31	121	131	136
Change in plan assets:
Fair value, beginning balance	123	129
Actual return on plan assets		7
Employer contribution	16	1
Plan participants’ contribution	0	0
Settlements	0	0
Currency translation	0	0
PHINIA Spin-Off	0	0
Benefits paid	(13)	(14)
Fair value, ending balance	126	123	129
Funded status	5	(8)
Amounts in the Consolidated Balance Sheets consist of:
Non-current assets	8	0
Current liabilities	(1)	(1)
Non-current liabilities	(2)	(7)
Net amount	(5)	(8)
Amounts in accumulated other comprehensive loss consist of:
Net actuarial loss	78	77
Net prior service (credit) cost	(1)	(2)
Net amount	77	75
Total accumulated benefit obligation for all plans	121	131
Non-U.S. | Pension benefits
Change in projected benefit obligation:
Projected benefit obligation, January 1	478	1,322
Service cost	13	11	20
Interest cost	19	42	37
Plan amendments	(1)	0
Settlement and curtailment	(6)	3
Actuarial loss (gain)		25
Currency translation	(32)	57
PHINIA Spin-Off	0	(938)
Benefits paid	(20)	(44)
Projected benefit obligation, December 31	451	478	1,322
Change in plan assets:
Fair value, beginning balance	392	1,156
Actual return on plan assets	14	50
Employer contribution	23	20
Plan participants’ contribution	1	1
Settlements	(9)	(3)
Currency translation	(21)	53
PHINIA Spin-Off	0	(841)
Benefits paid	(20)	(44)
Fair value, ending balance	380	392	$ 1,156
Funded status	(71)	(86)
Amounts in the Consolidated Balance Sheets consist of:
Non-current assets	44	30
Current liabilities	(5)	(5)
Non-current liabilities	(110)	(111)
Net amount	(71)	(86)
Amounts in accumulated other comprehensive loss consist of:
Net actuarial loss	103	112
Net prior service (credit) cost	1	1
Net amount	104	113
Total accumulated benefit obligation for all plans	$ 423	$ 450

RETIREMENT BENEFIT PLANS - Fund

RETIREMENT BENEFIT PLANS - Funded Status of Plans with ABO in Excess of Plan Assets (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Accumulated benefit obligations
Accumulated benefit obligation	$ (180)	$ (338)
Plan assets	85	235
Funded status of plan	(95)	(103)
Projected benefit obligations
Projected benefit obligation	(214)	(360)
Plan assets	97	237
Total pension deficiency	(117)	(123)
United States
Accumulated benefit obligations
Funded status of plan	(2)	(8)
Projected benefit obligations
Total pension deficiency	(2)	(8)
Germany
Accumulated benefit obligations
Funded status of plan	(32)	(39)
Projected benefit obligations
Total pension deficiency	(32)	(40)
Other foreign
Accumulated benefit obligations
Funded status of plan	(61)	(56)
Projected benefit obligations
Total pension deficiency	$ (83)	$ (75)

RETIREMENT BENEFIT PLANS - Asse

RETIREMENT BENEFIT PLANS - Asset Allocations (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
United States | Fair value, recurring
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Defined benefit plan, plan assets, amount	$ 126	$ 123
United States | Quoted prices in active markets for identical items (Level 1) | Fair value, recurring
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Defined benefit plan, plan assets, amount	19	2
United States | Equity securities | Fair value, recurring
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Defined benefit plan, plan assets, amount	16	18
United States | Equity securities | Quoted prices in active markets for identical items (Level 1) | Fair value, recurring | Market approach
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Defined benefit plan, plan assets, amount	0	0
United States | Cash | Fair value, recurring
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Defined benefit plan, plan assets, amount	19	2
United States | Cash | Quoted prices in active markets for identical items (Level 1) | Fair value, recurring | Market approach
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Defined benefit plan, plan assets, amount	$ 19	$ 2
United States | Pension benefits
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Actual allocation, percentage	100%	100%
Defined benefit plan, plan assets, amount	$ 126	$ 123	$ 129
United States | Pension benefits | Real estate and other
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Actual allocation, percentage	26%	15%
United States | Pension benefits | Fixed income securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Actual allocation, percentage	61%	71%
United States | Pension benefits | Equity securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Actual allocation, percentage	13%	14%
Non-U.S. | Fair value, recurring
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Defined benefit plan, plan assets, amount	$ 380	$ 392
Non-U.S. | Quoted prices in active markets for identical items (Level 1) | Fair value, recurring
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Defined benefit plan, plan assets, amount	121	199
Non-U.S. | Real estate and other | Fair value, recurring
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Defined benefit plan, plan assets, amount	35	60
Non-U.S. | Real estate and other | Quoted prices in active markets for identical items (Level 1) | Fair value, recurring | Market approach
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Defined benefit plan, plan assets, amount	5	0
Non-U.S. | Insurance contract | Fair value, recurring
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Defined benefit plan, plan assets, amount	98	74
Non-U.S. | Insurance contract | Quoted prices in active markets for identical items (Level 1) | Fair value, recurring | Market approach
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Defined benefit plan, plan assets, amount	0	0
Non-U.S. | Equity securities | Fair value, recurring
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Defined benefit plan, plan assets, amount	73	40
Non-U.S. | Equity securities | Quoted prices in active markets for identical items (Level 1) | Fair value, recurring | Market approach
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Defined benefit plan, plan assets, amount	60	27
Non-U.S. | Cash | Fair value, recurring
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Defined benefit plan, plan assets, amount	33	5
Non-U.S. | Cash | Quoted prices in active markets for identical items (Level 1) | Fair value, recurring | Market approach
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Defined benefit plan, plan assets, amount	$ 33	$ 5
Non-U.S. | Pension benefits
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Actual allocation, percentage	100%	100%
Defined benefit plan, plan assets, amount	$ 380	$ 392	$ 1,156
Non-U.S. | Pension benefits | Fixed income securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Actual allocation, percentage	37%	54%
Non-U.S. | Pension benefits | Insurance contract
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Actual allocation, percentage	44%	36%
Non-U.S. | Pension benefits | Equity securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Actual allocation, percentage	19%	10%
Minimum | United States | Pension benefits | Real estate and other
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Plan assets, target allocation, percentage	22%
Minimum | United States | Pension benefits | Fixed income securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Plan assets, target allocation, percentage	55%
Minimum | United States | Pension benefits | Equity securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Plan assets, target allocation, percentage	8%
Minimum | Non-U.S. | Pension benefits | Fixed income securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Plan assets, target allocation, percentage	49%
Minimum | Non-U.S. | Pension benefits | Insurance contract
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Plan assets, target allocation, percentage	32%
Minimum | Non-U.S. | Pension benefits | Equity securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Plan assets, target allocation, percentage	4%
Maximum | United States | Pension benefits | Real estate and other
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Plan assets, target allocation, percentage	32%
Maximum | United States | Pension benefits | Fixed income securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Plan assets, target allocation, percentage	65%
Maximum | United States | Pension benefits | Equity securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Plan assets, target allocation, percentage	19%
Maximum | Non-U.S. | Pension benefits | Fixed income securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Plan assets, target allocation, percentage	59%
Maximum | Non-U.S. | Pension benefits | Insurance contract
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Plan assets, target allocation, percentage	42%
Maximum | Non-U.S. | Pension benefits | Equity securities
Defined Benefit Plan, Plan Assets, Allocations [Abstract]
Plan assets, target allocation, percentage	14%

RETIREMENT BENEFIT PLANS - Net

RETIREMENT BENEFIT PLANS - Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other postemployment benefits
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	$ 0	$ 0	$ 0
Interest cost	1	2	1
Expected return on plan assets	0	0	0
Settlements, curtailments and other	0	0	0
Amortization of unrecognized prior service (credit) cost	(1)	(2)	(2)
Amortization of unrecognized loss	0	0
Net periodic cost (income)	0	0	(1)
United States | Pension benefits
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	0	0	0
Interest cost	6	7	4
Expected return on plan assets	(6)	(6)	(8)
Settlements, curtailments and other	0	0	3
Amortization of unrecognized prior service (credit) cost	(1)	(1)	(1)
Amortization of unrecognized loss	4	3	3
Net periodic cost (income)	3	3	1
Non-U.S. | Pension benefits
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	13	11	20
Interest cost	19	42	37
Expected return on plan assets	(15)	(37)	(75)
Settlements, curtailments and other	1	4	0
Amortization of unrecognized prior service (credit) cost	0	0	0
Amortization of unrecognized loss	5	3	7
Net periodic cost (income)	$ 23	$ 23	$ (11)

RETIREMENT BENEFIT PLANS - Assu

RETIREMENT BENEFIT PLANS - Assumptions Used (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other postemployment benefits
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	5.10%	5.41%	2.46%
Effective interest rate on benefit obligation	5.06%	5.29%	1.84%
United States | Pension benefits
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	5.54%	5.14%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	5.14%	5.47%	2.73%
Effective interest rate on benefit obligation	5.08%	5.34%	2.18%
Expected long-term rate of return on assets	5%	5%	4.75%
United States | Other postemployment benefits
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	5.39%	5.10%
Non-U.S. | Pension benefits
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	4.26%	4.23%
Rate of compensation increase	3.43%	3.32%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	4.23%	4.85%	1.97%
Effective interest rate on benefit obligation	4.24%	4.88%	1.83%
Expected long-term rate of return on assets	4.10%	4.90%	4.10%
Average rate of increase in compensation	3.32%	3.58%	3.21%
United Kingdom
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	5.57%	4.61%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	4.61%	4.94%	1.91%
Effective interest rate on benefit obligation	4%	5.30%	4.12%

RETIREMENT BENEFIT PLANS - Esti

RETIREMENT BENEFIT PLANS - Estimated Future Payments (Details) $ in Millions	Dec. 31, 2024 USD ($)
Other postemployment benefits
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
2025	$ 5
2026	4
2027	4
2028	3
2029	3
2030-2034	11
United States | Pension benefits
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
2025	15
2026	12
2027	12
2028	11
2029	11
2030-2034	46
Non-U.S. | Pension benefits
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
2025	24
2026	31
2027	26
2028	28
2029	29
2030-2034	$ 161

STOCK-BASED COMPENSATION - Narr

STOCK-BASED COMPENSATION - Narrative (Details) - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)	6,400
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	1,317	1,099	1,060
Restricted stock unrecognized compensation, amount	$ 40
Restricted stock unrecognized compensation, period	1 year 8 months 12 days
Restricted Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restriction periods (in years)	2 years
Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restriction periods (in years)	3 years
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock unrecognized compensation, amount	$ 9
Restricted stock unrecognized compensation, period	1 year 7 months 6 days
Share-based payment award, percentage of outstanding stock minimum	0%
Share-based payment award, percentage of outstanding stock maximum	200%
Other Performance-Based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	616	405	415
Period for recognition (in years)	3 years
Adjusted Earnings Per Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Period for recognition (in years)		3 years
eProducts Revenue Mix
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock unrecognized compensation, period	1 year
Share-based payment award, percentage of outstanding stock maximum	200%
Unrecognized compensation expense	$ 2
Cumulative Free Cash Flow
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock unrecognized compensation, period	1 year
Period for recognition (in years)	3 years
Share-based payment award, percentage of outstanding stock maximum	200%
Unrecognized compensation expense	$ 3
eProduct Revenue
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock unrecognized compensation, period	1 year 8 months 12 days
Award vesting percentage	200%
Unrecognized compensation expense	$ 6
eProduct Adjusted Operating Margin
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock unrecognized compensation, period	2 years
Unrecognized compensation expense	$ 4
Foundational Adjusted Operating Margin
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock unrecognized compensation, period	2 years
Unrecognized compensation expense	$ 4
Management | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	1,200
Director | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)	100
2023 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	11,300

STOCK-BASED COMPENSATION - Rest

STOCK-BASED COMPENSATION - Restricted Stock Compensation Expense (Details) - Restricted Stock - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock compensation expense	$ 36	$ 37	$ 28
Restricted stock compensation expense, net of tax	$ 27	$ 28	$ 21

STOCK-BASED COMPENSATION - Re_2

STOCK-BASED COMPENSATION - Restricted Stock and Restricted Stock Unit, Activity (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2024 $ / shares shares	Dec. 31, 2023 $ / shares shares	Dec. 31, 2022 $ / shares shares
Weighted average grant date fair value
Vested weighted average exercise price (in dollar per share) | $ / shares	$ 66.89
Conversion ratio	1.13
Restricted Stock
Number of shares (in thousands)
Nonvested ending Balance (in shares) | shares	2,329	2,373	2,363
Granted (in shares) | shares	1,317	1,099	1,060
Vested (in shares) | shares	(923)	(917)	(862)
Forfeited (in shares) | shares	(198)	(111)	(188)
PHINIA spin-off awards transferred (in shares) | shares		(389)
PHINIA spin-off adjustment (in shares) | shares		(274)
Nonvested ending Balance (in shares) | shares	2,525	2,329	2,373
Weighted average grant date fair value
Nonvested weighted average exercise price beginning balance (in dollar per share) | $ / shares	$ 40.57	$ 42.47	$ 40.24
Granted the weighted average exercise price (in dollar per share) | $ / shares	33.75	48.19	44.32
Vested weighted average exercise price (in dollar per share) | $ / shares	44.21	39.80	38.68
Forfeited weighted average exercise price (in dollar per share) | $ / shares	43.04	44.63	42.09
PHINIA spin-off awards transferred (in dollar per share) | $ / shares		45.80
Nonvested weighted average exercise price beginning balance (in dollar per share) | $ / shares	$ 35.49	$ 40.57	$ 42.47

STOCK-BASED COMPENSATION - Expe

STOCK-BASED COMPENSATION - Expense for Performance Based Shares Units (Details) - USD ($) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance share plan expense	$ 26	$ 21	$ 36
Performance share plan, shares issued in period	815	420	284
Total Stockholder Return
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance share plan expense	$ 8	$ 8	$ 6
Performance share plan, shares issued in period	257	107	0
Other Performance-Based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance share plan expense	$ 18	$ 13	$ 30
Performance share plan, shares issued in period	558	313	284

STOCK-BASED COMPENSATION - Perf

STOCK-BASED COMPENSATION - Performance Share Plans (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2024 $ / shares shares	Dec. 31, 2023 $ / shares shares	Dec. 31, 2022 $ / shares shares
Weighted average grant date fair value
Vested weighted average exercise price (in dollar per share)	$ 66.89
Conversion ratio	1.13
Total Stockholder Return
Number of shares (in thousands)
Nonvested ending Balance (in shares) | shares	273	250	259
Granted (in shares) | shares	205	135	138
Vested (in shares) | shares	(104)	(114)	(127)
Forfeited (in shares) | shares	(37)	(11)	(20)
PHINIA spin-off awards transferred (in shares) | shares		(22)
PHINIA spin-off adjustment (in shares) | shares		(35)
Nonvested ending Balance (in shares) | shares	337	273	250
Weighted average grant date fair value
Nonvested weighted average exercise price beginning balance (in dollar per share)	$ 71.37	$ 76.68	$ 56.90
Granted the weighted average exercise price (in dollar per share)	46.54	79.39	66.96
Vested weighted average exercise price (in dollar per share)		70.39	28.55
Forfeited weighted average exercise price (in dollar per share)	70.32	68.66	59.87
PHINIA spin-off awards transferred (in dollar per share)		72.33
PHINIA spin-off adjustment weighted average exercise price (in dollar per share)		0
Nonvested weighted average exercise price beginning balance (in dollar per share)	$ 57.72	$ 71.37	$ 76.68
Other Performance-Based
Number of shares (in thousands)
Nonvested ending Balance (in shares) | shares	834	765	640
Granted (in shares) | shares	616	405	415
Vested (in shares) | shares	(315)	(341)	(234)
Forfeited (in shares) | shares	(111)	(34)	(56)
PHINIA spin-off awards transferred (in shares) | shares		(67)
PHINIA spin-off adjustment (in shares) | shares		(106)
Nonvested ending Balance (in shares) | shares	1,024	834	765
Weighted average grant date fair value
Nonvested weighted average exercise price beginning balance (in dollar per share)	$ 41.08	$ 45.51	$ 42.14
Granted the weighted average exercise price (in dollar per share)	33.91	48.06	44.33
Vested weighted average exercise price (in dollar per share)	44.23	45.14	34.73
Forfeited weighted average exercise price (in dollar per share)	45.07	44.96	43.35
PHINIA spin-off awards transferred (in dollar per share)		46.03
PHINIA spin-off adjustment weighted average exercise price (in dollar per share)		0
Nonvested weighted average exercise price beginning balance (in dollar per share)	$ 35.36	$ 41.08	$ 45.51
Period for recognition (in years)	3 years

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		$ 6,066
Comprehensive (loss) income before reclassifications		(107)	$ 77	$ (281)
Income taxes associated with comprehensive (loss) income before reclassifications		(41)	19	(33)
Reclassification from accumulated other comprehensive (loss) income		(42)	(31)	(9)
Income taxes reclassified into net earnings		(111)	(289)	(195)
Spin-Off of PHINIA	$ 16
Ending balance	6,066	5,706	6,066
Gain (loss) reclassified from AOCI to income
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Income taxes reclassified into net earnings		(2)	(1)	(2)
Accumulated other comprehensive income (loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(828)	(876)	(551)
Ending balance	(828)	(1,020)	(828)	(876)
Foreign currency translation adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(719)	(750)	(423)
Comprehensive (loss) income before reclassifications		(124)	27	(287)
Income taxes associated with comprehensive (loss) income before reclassifications		(39)	24	(40)
Reclassification from accumulated other comprehensive (loss) income		0	0	0
Spin-Off of PHINIA	20
Ending balance	(719)	(882)	(719)	(750)
Foreign currency translation adjustments | Gain (loss) reclassified from AOCI to income
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Income taxes reclassified into net earnings		0	0	0
Hedge instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		28	4	0
Comprehensive (loss) income before reclassifications		(2)	59	20
Income taxes associated with comprehensive (loss) income before reclassifications		0	0	0
Reclassification from accumulated other comprehensive (loss) income		(35)	(34)	(16)
Spin-Off of PHINIA	1
Ending balance	28	(9)	28	4
Hedge instruments | Gain (loss) reclassified from AOCI to income
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Income taxes reclassified into net earnings		0	0	0
Defined benefit postretirement plans
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance		(137)	(130)	(128)
Comprehensive (loss) income before reclassifications		19	(9)	(14)
Income taxes associated with comprehensive (loss) income before reclassifications		(2)	(5)	7
Reclassification from accumulated other comprehensive (loss) income		(7)	3	7
Spin-Off of PHINIA	(5)
Ending balance	$ (137)	(129)	(137)	(130)
Defined benefit postretirement plans | Gain (loss) reclassified from AOCI to income
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Income taxes reclassified into net earnings		$ (2)	$ (1)	$ (2)

CONTINGENCIES (Details)

CONTINGENCIES (Details) $ in Millions		12 Months Ended
	Sep. 19, 2024 USD ($)	Dec. 31, 2024 USD ($) site	Dec. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Damages sought, value | $	$ 120
Waste disposal sites		17
Accrual for environmental loss contingencies | $		$ 5	$ 6
Number of sites with accrual		4
Completed or near completed clean up activities		13

LEASES AND COMMITMENTS - Operat

LEASES AND COMMITMENTS - Operating Lease Assets and Lease Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
ASSETS
Operating leases	$ 177	$ 143
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other Assets, Noncurrent	Other Assets, Noncurrent
Finance leases	$ 20	$ 25
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, plant and equipment, net	Property, plant and equipment, net
Total lease assets	$ 197	$ 168
Current
Operating leases (Note 22)	$ 38	$ 37
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other Liabilities, Current	Other Liabilities, Current
Finance leases	$ 3	$ 3
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Notes payable and other short-term debt	Notes payable and other short-term debt
Non-current
Operating leases noncurrent	$ 144	$ 112
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other non-current liabilities	Other non-current liabilities
Finance leases	$ 20	$ 23
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term debt	Long-term debt
Total lease liabilities	$ 205	$ 175

LEASES AND COMMITMENTS - Lease

LEASES AND COMMITMENTS - Lease Obligations (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating leases	$ 66	$ 63
Finance leases	2	17
Total lease obligations	$ 68	$ 80

LEASES AND COMMITMENTS - Maturi

LEASES AND COMMITMENTS - Maturity of Lease Liabilities (Details) $ in Millions	Dec. 31, 2024 USD ($)
Operating leases
2025	$ 41
2026	35
2027	29
2028	23
2029	18
After 2029	90
Total (undiscounted) lease payments	236
Less: Imputed interest	54
Present value of lease liabilities	182
Finance leases
2025	5
2026	4
2027	4
2028	4
2029	2
After 2029	10
Total (undiscounted) lease payments	29
Less: Imputed interest	6
Present value of lease liabilities	$ 23

LEASES AND COMMITMENTS - Narrat

LEASES AND COMMITMENTS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease costs	$ 41	$ 33	$ 32
Operating cash flows for operating leases	38	33	30
Short-term lease costs	$ 24	$ 29	$ 21

LEASES AND COMMITMENTS - Terms

LEASES AND COMMITMENTS - Terms and Discounts Under Operating Leases (Details)	Dec. 31, 2024	Dec. 31, 2023
Weighted average remaining lease term (years)
Operating leases	8 years	8 years
Finance leases	7 years	8 years
Weighted average discount rate
Operating leases	5.70%	5.40%
Finance leases	6.30%	6.20%

EARNINGS PER SHARE - Narrative

EARNINGS PER SHARE - Narrative (Details) - shares shares in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share [Abstract]
Performance shares excluded from diluted earnings per share (in shares)	0.9	0.7	0.8

EARNINGS PER SHARE - Basic and

EARNINGS PER SHARE - Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Basic earnings per share:
Net earnings from continuing operations	$ 22	$ 367	$ 632	$ 636
Weighted average shares of common stock outstanding (in shares)		223.5	232.8	235.5
Basic earnings per share of common stock (in dollars per share)		$ 1.64	$ 2.71	$ 2.70
Diluted earnings per share:
Net earnings from continuing operations	$ 22	$ 367	$ 632	$ 636
Weighted average shares of common stock outstanding (in shares)		223.5	232.8	235.5
Effect of stock-based compensation (in shares)		1.3	1.6	1.3
Weighted average shares of common stock outstanding, including dilutive shares (in shares)		224.8	234.4	236.8
Diluted earnings per share of common stock (in dollars per share)		$ 1.63	$ 2.70	$ 2.69

REPORTABLE SEGMENTS AND RELATED

REPORTABLE SEGMENTS AND RELATED INFORMATION - Narrative (Details)	6 Months Ended		12 Months Ended
	Dec. 31, 2024 segment	Jun. 30, 2024 segment	Dec. 31, 2024 numberOfDays
Segment Reporting [Abstract]
Number of reportable segments (in segments)	4	3	4

REPORTING SEGMENTS AND RELATE_3

REPORTING SEGMENTS AND RELATED INFORMATION - Disaggregation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Net sales	$ 14,086	$ 14,198	$ 12,635
Year-end assets	13,993	14,453	13,332
Depreciation/ amortization	673	582	552
Long-lived asset expenditures	671	832	622
Customers
Segment Reporting Information [Line Items]
Net sales	14,086	14,198	12,635
Inter-segment
Segment Reporting Information [Line Items]
Net sales	0	0	0
Operating segments
Segment Reporting Information [Line Items]
Net sales	14,086	14,198	12,635
Year-end assets	11,439	12,720	11,649
Depreciation/ amortization	644	551	520
Long-lived asset expenditures	658	798	610
Operating segments | Customers
Segment Reporting Information [Line Items]
Net sales	14,086	14,198	12,635
Operating segments | Inter-segment
Segment Reporting Information [Line Items]
Net sales	0	0	0
Operating segments | Turbos & Thermal Technologies
Segment Reporting Information [Line Items]
Net sales	5,887	6,012	5,455
Year-end assets	3,693	3,938	3,882
Depreciation/ amortization	177	170	162
Long-lived asset expenditures	170	184	129
Operating segments | Turbos & Thermal Technologies | Customers
Segment Reporting Information [Line Items]
Net sales	5,885	6,007	5,468
Operating segments | Turbos & Thermal Technologies | Inter-segment
Segment Reporting Information [Line Items]
Net sales	2	5	(13)
Operating segments | Drivetrain & Morse Systems
Segment Reporting Information [Line Items]
Net sales	5,577	5,549	5,028
Year-end assets	3,872	4,262	4,240
Depreciation/ amortization	246	215	218
Long-lived asset expenditures	115	134	167
Operating segments | Drivetrain & Morse Systems | Customers
Segment Reporting Information [Line Items]
Net sales	5,564	5,543	5,027
Operating segments | Drivetrain & Morse Systems | Inter-segment
Segment Reporting Information [Line Items]
Net sales	13	6	1
Operating segments | PowerDrive Systems
Segment Reporting Information [Line Items]
Net sales	1,937	2,166	1,906
Year-end assets	2,792	3,185	2,349
Depreciation/ amortization	164	127	111
Long-lived asset expenditures	291	384	257
Operating segments | PowerDrive Systems | Customers
Segment Reporting Information [Line Items]
Net sales	1,908	2,102	1,806
Operating segments | PowerDrive Systems | Inter-segment
Segment Reporting Information [Line Items]
Net sales	29	64	100
Operating segments | Battery & Charging Systems
Segment Reporting Information [Line Items]
Net sales	729	546	335
Year-end assets	1,082	1,335	1,178
Depreciation/ amortization	57	39	29
Long-lived asset expenditures	82	96	57
Operating segments | Battery & Charging Systems | Customers
Segment Reporting Information [Line Items]
Net sales	729	546	334
Operating segments | Battery & Charging Systems | Inter-segment
Segment Reporting Information [Line Items]
Net sales	0	0	1
Inter-segment eliminations
Segment Reporting Information [Line Items]
Net sales	(44)	(75)	(89)
Year-end assets	0	0	0
Depreciation/ amortization	0	0	0
Long-lived asset expenditures	0	0	0
Inter-segment eliminations | Customers
Segment Reporting Information [Line Items]
Net sales	0	0	0
Inter-segment eliminations | Inter-segment
Segment Reporting Information [Line Items]
Net sales	(44)	(75)	(89)
Corporate
Segment Reporting Information [Line Items]
Net sales	0	0	0
Year-end assets	2,554	1,733	1,683
Depreciation/ amortization	29	31	32
Long-lived asset expenditures	13	34	12
Corporate | Customers
Segment Reporting Information [Line Items]
Net sales	0	0	0
Corporate | Inter-segment
Segment Reporting Information [Line Items]
Net sales	$ 0	$ 0	$ 0

REPORTING SEGMENTS AND RELATE_4

REPORTING SEGMENTS AND RELATED INFORMATION - Other Segment Items (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Net sales	$ 14,086	$ 14,198	$ 12,635
Cost of sales	11,438	11,630	10,266
Selling, general and administrative expenses - R&D, net	1,350	1,316	1,290
Operating income	546	1,160	1,009
Operating segments
Segment Reporting Information [Line Items]
Net sales	14,086	14,198	12,635
Turbos & Thermal Technologies | Operating segments
Segment Reporting Information [Line Items]
Net sales	5,887	6,012	5,455
Cost of sales	4,724	4,865	4,392
Selling, general and administrative expenses - R&D, net	170	175	181
Selling, general and administrative expenses - Other	114	100	104
Other segment items	2	(2)	(5)
Operating income	877	874	783
Drivetrain & Morse Systems | Operating segments
Segment Reporting Information [Line Items]
Net sales	5,577	5,549	5,028
Cost of sales	4,413	4,413	4,045
Selling, general and administrative expenses - R&D, net	118	122	138
Selling, general and administrative expenses - Other	38	49	60
Other segment items	(2)	7	2
Operating income	1,010	958	783
PowerDrive Systems | Operating segments
Segment Reporting Information [Line Items]
Net sales	1,937	2,166	1,906
Cost of sales	1,648	1,826	1,558
Selling, general and administrative expenses - R&D, net	384	362	344
Selling, general and administrative expenses - Other	60	73	91
Other segment items	(11)	(5)	1
Operating income	(144)	(90)	(88)
Battery & Charging Systems | Operating segments
Segment Reporting Information [Line Items]
Net sales	729	546	335
Cost of sales	681	581	327
Selling, general and administrative expenses - R&D, net	51	44	24
Selling, general and administrative expenses - Other	47	40	23
Other segment items	(3)	(3)	5
Operating income	$ (47)	$ (116)	$ (44)

REPORTING SEGMENTS AND RELATE_5

REPORTING SEGMENTS AND RELATED INFORMATION - Adjusted Operating Income (loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Adjusted Operating Income	$ 1,696	$ 1,626	$ 1,434
Corporate, including stock-based compensation	279	278	282
Restructuring expense	74	79	48
Intangible asset amortization expense	69	67	69
Impairment charges	646	29	30
Accelerated depreciation	50	4	0
Change in accounting method	(29)	0	0
Adjustments associated with Spin-Off related balances	17	0	0
Commercial contract settlement	15	0	0
Loss (gain) on sale of businesses	6	(5)	(13)
Merger and acquisition expense, net	2	23	9
Loss (gain) on sale of assets	2	(13)	0
Other non-comparable items	19	4	0
Equity in affiliates’ earnings, net of tax	(27)	(30)	(28)
Unrealized and realized loss on equity and debt securities	1	174	73
Interest expense, net	(20)	(10)	(51)
Other postretirement expense	13	15	0
Earnings from continuing operations before income taxes and noncontrolling interest	539	991	913
Turbos & Thermal Technologies
Segment Reporting Information [Line Items]
Adjusted Operating Income	877	874	783
Drivetrain & Morse Systems
Segment Reporting Information [Line Items]
Adjusted Operating Income	1,010	958	783
PowerDrive Systems
Segment Reporting Information [Line Items]
Adjusted Operating Income	(144)	(90)	(88)
Battery & Charging Systems
Segment Reporting Information [Line Items]
Adjusted Operating Income	$ (47)	$ (116)	$ (44)

REPORTING SEGMENTS AND RELATE_6

REPORTING SEGMENTS AND RELATED INFORMATION - Geographic Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 14,086	$ 14,198	$ 12,635
Long-lived assets	3,575	3,783	3,426
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	2,240	2,334	2,143
Long-lived assets	718	778	469
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	5,246	5,081	4,073
Long-lived assets	1,334	1,358	1,128
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	1,680	1,669	1,443
Long-lived assets	352	393	354
Poland
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	1,160	1,121	937
Long-lived assets	356	342	277
Hungary
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	820	904	636
Long-lived assets	154	167	170
Other Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	1,586	1,387	1,057
Long-lived assets	472	456	327
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	2,862	2,998	2,864
Long-lived assets	720	876	821
Mexico
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	1,644	1,759	1,726
Long-lived assets	412	374	612
South Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	1,181	1,163	1,073
Long-lived assets	189	197	205
Other foreign
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	913	863	756
Long-lived assets	$ 202	$ 200	$ 191

REPORTING SEGMENTS AND RELATE_7

REPORTING SEGMENTS AND RELATED INFORMATION - Major Customers & Products (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue from External Customer [Line Items]
Minimum percentage in consolidated sales of countries by certain countries	5%
Revenue Benchmark | Geographic Concentration Risk | Outside U.S.
Revenue from External Customer [Line Items]
Percentage of net sales	84%
Revenue Benchmark | Turbochargers | Product Concentration Risk
Revenue from External Customer [Line Items]
Percentage of net sales	21%	22%	25%
Revenue Benchmark | Ford | Customer Concentration Risk
Revenue from External Customer [Line Items]
Percentage of net sales	13%	14%	15%
Revenue Benchmark | Volkswagen | Customer Concentration Risk
Revenue from External Customer [Line Items]
Percentage of net sales	10%	11%	9%

OPERATING CASH FLOWS AND OTHE_3

OPERATING CASH FLOWS AND OTHER SUPPLEMENTAL FINANCIAL INFORMATION (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Supplemental Cash Flow Elements [Abstract]
Net earnings	$ 399	$ 695	$ 1,026
Net (loss) earnings from discontinued operations	(29)	(7)	308
Net earnings from continuing operations	428	702	718
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations:
Depreciation and tooling amortization	604	515	483
Intangible asset amortization	69	67	69
Restructuring expense, net of cash paid	6	66	41
Stock-based compensation expense	62	58	64
Loss (gain) on sale of businesses	6	(5)	(16)
Gain on debt extinguishment	(10)	(28)	0
Asset impairments	646	29	30
Change in accounting method	(29)	0	0
Realized and unrealized loss on debt and equity securities	1	174	73
Deferred income tax benefit	(156)	(44)	(76)
Other non-cash adjustments	8	(25)	(33)
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations	1,207	807	635
Retirement plan contributions	(45)	(19)	(21)
Changes in assets and liabilities, excluding effects of acquisitions, divestitures and foreign currency translation adjustments:
Receivables	143	(482)	(409)
Inventories	31	(72)	(158)
Prepayments and other current assets	(18)	(3)	17
Accounts payable and accrued expenses	(292)	375	433
Prepaid taxes and income taxes payable	(40)	(20)	25
Other assets and liabilities	(32)	109	(60)
Net cash provided by operating activities from continuing operations	1,382	1,397	1,180
Cash paid during the year for:
Interest	121	126	131
Income taxes, net of refunds	406	362	268
Non-cash investing transactions:
Period end accounts payable related to property, plant and equipment purchases	$ 111	$ 148	$ 165

DISCONTINUED OPERATIONS - Finan

DISCONTINUED OPERATIONS - Financial Results from Discontinued Operations (Details) - Phinia - Discontinued Operations - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	$ 0	$ 1,723	$ 3,348
Cost of sales	0	1,362	2,616
Gross profit	0	361	732
Selling, general and administrative expenses	0	173	320
Restructuring expense	0	7	11
Other operating expense, net	31	132	36
Operating (loss) income	(31)	49	365
Equity in affiliates’ earnings, net of tax	0	(5)	(10)
Interest expense, net	0	0	1
Other postretirement income	0	0	(31)
Earnings from discontinued operations before income taxes	(31)	54	405
(Benefit) provision for income taxes	(2)	61	97
Net (loss) earnings from discontinued operations attributable to PHINIA	$ (29)	$ (7)	$ 308

DISCONTINUED OPERATIONS - Narra

DISCONTINUED OPERATIONS - Narrative (Details) - Phinia - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued operation, services	$ 7	$ 13
Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Other operating expense, net	(31)	(132)	$ (36)
Services | Discontinued Operations
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued operation, services	$ 2	3
Other operating expense, net		$ 134	$ 30