2024 Q3 Form 10-Q Financial Statement
#000173570724000044 Filed on July 25, 2024
Income Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| Revenue | $826.0M | $890.0M |
| YoY Change | -13.96% | -11.97% |
| Cost Of Revenue | $660.0M | $705.0M |
| YoY Change | -15.82% | -12.86% |
| Gross Profit | $166.0M | $185.0M |
| YoY Change | -5.68% | -8.42% |
| Gross Profit Margin | 20.1% | 20.79% |
| Selling, General & Admin | $53.00M | $61.00M |
| YoY Change | -10.17% | -3.17% |
| % of Gross Profit | 31.93% | 32.97% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $23.00M | $22.00M |
| YoY Change | 0.0% | 0.0% |
| % of Gross Profit | 13.86% | 11.89% |
| Operating Expenses | $53.00M | $61.00M |
| YoY Change | -10.17% | -4.69% |
| Operating Profit | $113.0M | $124.0M |
| YoY Change | -3.42% | -10.14% |
| Interest Expense | -$37.00M | -$62.00M |
| YoY Change | -174.0% | 106.67% |
| % of Operating Profit | -32.74% | -50.0% |
| Other Income/Expense, Net | $1.000M | $1.000M |
| YoY Change | -75.0% | -114.29% |
| Pretax Income | $76.00M | $87.00M |
| YoY Change | 8.57% | -13.86% |
| Income Tax | $24.00M | $23.00M |
| % Of Pretax Income | 31.58% | 26.44% |
| Net Earnings | $52.00M | $64.00M |
| YoY Change | -8.77% | -131.84% |
| Net Earnings / Revenue | 6.3% | 7.19% |
| Basic Earnings Per Share | $0.24 | $0.29 |
| Diluted Earnings Per Share | $0.24 | $0.28 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 218.6M shares | 226.0M shares |
| Diluted Shares Outstanding | 218.4M shares | 225.9M shares |
Balance Sheet
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $96.00M | $98.00M |
| YoY Change | -40.74% | -79.5% |
| Cash & Equivalents | $96.00M | $98.00M |
| Short-Term Investments | ||
| Other Short-Term Assets | $81.00M | $85.00M |
| YoY Change | 10.96% | -3.41% |
| Inventory | $267.0M | $272.0M |
| Prepaid Expenses | ||
| Receivables | $570.0M | $561.0M |
| Other Receivables | $128.0M | $175.0M |
| Total Short-Term Assets | $1.143B | $1.192B |
| YoY Change | -17.77% | -31.57% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $450.0M | $438.0M |
| YoY Change | 2.97% | -11.52% |
| Goodwill | $193.0M | $193.0M |
| YoY Change | 0.0% | 0.0% |
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $12.00M | $11.00M |
| YoY Change | -62.5% | -62.07% |
| Other Assets | $159.0M | $196.0M |
| YoY Change | -37.65% | -52.31% |
| Total Long-Term Assets | $1.012B | $1.037B |
| YoY Change | -11.38% | -9.83% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.143B | $1.192B |
| Total Long-Term Assets | $1.012B | $1.037B |
| Total Assets | $2.155B | $2.229B |
| YoY Change | -14.89% | -22.93% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $896.0M | $984.0M |
| YoY Change | -15.95% | -13.38% |
| Accrued Expenses | $319.0M | $283.0M |
| YoY Change | 2.24% | 16.94% |
| Deferred Revenue | $9.000M | $14.00M |
| YoY Change | -25.0% | 55.56% |
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $7.000M | $7.000M |
| YoY Change | 0.0% | -88.33% |
| Total Short-Term Liabilities | $1.222B | $1.274B |
| YoY Change | -11.77% | -16.07% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $1.464B | $1.465B |
| YoY Change | -9.74% | -17.33% |
| Other Long-Term Liabilities | $222.0M | $191.0M |
| YoY Change | 13.27% | -6.37% |
| Total Long-Term Liabilities | $1.686B | $1.656B |
| YoY Change | -7.26% | -16.19% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $1.222B | $1.274B |
| Total Long-Term Liabilities | $1.686B | $1.656B |
| Total Liabilities | $2.933B | $2.954B |
| YoY Change | -9.03% | -15.96% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$1.740B | -$1.792B |
| YoY Change | -10.26% | -2.29% |
| Common Stock | $0.00 | $0.00 |
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | -$778.0M | -$725.0M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $2.155B | $2.229B |
| YoY Change | -14.89% | -22.93% |
Cashflow Statement
| Concept | 2024 Q3 | 2024 Q2 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $52.00M | $64.00M |
| YoY Change | -8.77% | -131.84% |
| Depreciation, Depletion And Amortization | $23.00M | $22.00M |
| YoY Change | 0.0% | 0.0% |
| Cash From Operating Activities | $67.00M | $126.0M |
| YoY Change | -9.46% | -23.17% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $20.00M | $17.00M |
| YoY Change | -16.67% | -32.0% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $3.000M | $63.00M |
| YoY Change | 600.0% | |
| Cash From Investing Activities | -$17.00M | $46.00M |
| YoY Change | -29.17% | -387.5% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -55.00M | -272.0M |
| YoY Change | -84.89% | -747.62% |
| NET CHANGE | ||
| Cash From Operating Activities | 67.00M | 126.0M |
| Cash From Investing Activities | -17.00M | 46.00M |
| Cash From Financing Activities | -55.00M | -272.0M |
| Net Change In Cash | -5.000M | -100.0M |
| YoY Change | -98.41% | -152.63% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $67.00M | $126.0M |
| Capital Expenditures | $20.00M | $17.00M |
| Free Cash Flow | $47.00M | $109.0M |
| YoY Change | -6.0% | -21.58% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | segment | |
| us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | segment | |
| CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent | |
| CY2024Q2 | us-gaap |
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent | |
| CY2023Q4 | us-gaap |
Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent | |
| CY2024Q2 | us-gaap |
Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
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http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent | |
| CY2024Q2 | us-gaap |
Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent | |
| CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent | |
| CY2024Q2 | us-gaap |
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent | |
| CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent | |
| CY2023Q4 | us-gaap |
Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
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http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent | |
| CY2024Q2 | us-gaap |
Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent | |
| CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent | |
| CY2024Q2 | us-gaap |
Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent | |
| CY2024Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
109000000 | usd |
| CY2024Q1 | gtx |
Excise Tax On Share Repurchases
ExciseTaxOnShareRepurchases
|
1000000 | usd |
| CY2024Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-5000000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
41000000 | usd |
| CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
8000000 | usd |
| CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-735000000 | usd |
| CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
64000000 | usd |
| CY2024Q2 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
65000000 | usd |
| CY2024Q2 | gtx |
Excise Tax On Share Repurchases
ExciseTaxOnShareRepurchases
|
1000000 | usd |
| CY2024Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-1000000 | usd |
| CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
8000000 | usd |
| CY2024Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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5000000 | usd |
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Stockholders Equity
StockholdersEquity
|
-725000000 | usd |
| CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-116000000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
81000000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-6000000 | usd |
| CY2023Q1 | us-gaap |
Dividends
Dividends
|
42000000 | usd |
| CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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3000000 | usd |
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Stockholders Equity
StockholdersEquity
|
-80000000 | usd |
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Net Income Loss
NetIncomeLoss
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71000000 | usd |
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Excise Tax On Share Repurchases
ExciseTaxOnShareRepurchases
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6000000 | usd |
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Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-3000000 | usd |
| CY2023Q2 | us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
0 | usd |
| CY2023Q2 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
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-25000000 | usd |
| CY2023Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
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5000000 | usd |
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Stockholders Equity
StockholdersEquity
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-623000000 | usd |
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Basis Of Accounting
BasisOfAccounting
|
<div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Note 1. Background and Basis of Presentation</span></div><div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Background</span></div><div style="margin-top:10pt;text-align:justify;text-indent:21.6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Garrett Motion Inc. (the “Company” or “Garrett”) is a cutting-edge technology leader delivering differentiated solutions for emission reduction and energy efficiency. We design, manufacture, and sell highly engineered turbocharging, air and fluid compression, and high-speed electric motor technologies to original equipment manufacturers (“OEMs”) and distributors within the mobility and industrial space. We have significant expertise in delivering products at scale for internal combustion engines using gasoline, diesel, natural gas, and hydrogen, as well as for zero emission technologies using hydrogen fuel cell systems, both for mobility and industrial use. As our customers continue to progress on electrification, we are applying our technological pillars to develop highly engineered E-Powertrain and E-Cooling compressor products to support their ambition. These products are key enablers for fuel economy, energy efficiency, thermal management, and compliance with emissions standards and overall greenhouse gas and other emission reduction targets. </span></div><div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Basis of Presentation</span></div><div style="margin-top:10pt;text-align:justify;text-indent:21.6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying unaudited Consolidated Interim Financial Statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission applicable to interim financial statements. While these statements reflect all normal recurring adjustments that are, in the opinion of management, necessary for fair presentation of the results of the interim period, they do not include all of the information and footnotes required by United States generally accepted accounting principles (“GAAP”) for complete financial statements. The unaudited Consolidated Interim Financial Statements should therefore be read in conjunction with the Consolidated Financial Statements and accompanying notes for the year ended December 31, 2023</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> included in our Annual Report on Form 10-K, as filed with the Securities and Exchange Commission on February 15, 2024 (our “2023 Form 10-K”). The results of operations for the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">three and six</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> months ended </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">June 30, 2024</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> and cash flows for the </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">six</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> months ended </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">June 30, 2024 </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">should not necessarily be taken as indicative of the entire year. All amounts presented are in millions, except per share amounts. </span></div><div style="margin-top:10pt;text-align:justify;text-indent:21.6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We report our quarterly financial information using a calendar convention: the first, second, and third quarters are consistently reported as ending on March 31, June 30 and September 30. It has been our practice to establish actual quarterly closing dates using a predetermined fiscal calendar, which requires our businesses to close their books on a Saturday to minimize the potentially disruptive effects of quarterly closing on our business processes. For differences in actual closing dates that are material to year-over-year comparisons of quarterly or year-to-date results, such differences have been adjusted for the three months ended June 30, 2024. Our actual closing dates for the three months ended June 30, 2024 and 2023 were June 29, 2024 and July 1, 2023, respectively.</span></div><div style="margin-top:10pt;text-align:justify;text-indent:21.6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We evaluate segment reporting in accordance with ASC 280, </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Segment Reporting</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">. We concluded that Garrett operates in a single operating segment and a single reportable segment based on the operating results available and evaluated regularly by the chief operating decision maker (“CODM”), which is our Chief Executive Officer, to make decisions about resource allocation and performance assessment. The CODM makes operational performance assessments and resource allocation decisions on a consolidated basis, inclusive of all of the Company’s products across channels and geographies.</span></div><div style="margin-top:10pt;text-align:justify;text-indent:21.6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the financial statements in conformity with GAAP requires management to make estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases these estimates on assumptions that it believes to be reasonable under the circumstances. Actual results could differ from the original estimates, requiring adjustments to these balances in future periods.</span></div> | ||
| CY2024Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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890000000 | usd |
| CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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1011000000 | usd |
| CY2023Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
38000000 | usd |
| CY2022Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
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46000000 | usd |
| CY2024Q2 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
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51000000 | usd |
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Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
47000000 | usd |
| us-gaap |
Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
|
13000000 | usd | |
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Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
|
1000000 | usd | |
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Contract With Customer Liability
ContractWithCustomerLiability
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| CY2022Q4 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
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8000000 | usd |
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Contract With Customer Liability
ContractWithCustomerLiability
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14000000 | usd |
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Contract With Customer Liability
ContractWithCustomerLiability
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Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
|
3000000 | usd | |
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Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
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Preproduction Costs Related To Long Term Supply Arrangements Costs Capitalized
PreproductionCostsRelatedToLongTermSupplyArrangementsCostsCapitalized
|
22000000 | usd |
| CY2023Q4 | us-gaap |
Preproduction Costs Related To Long Term Supply Arrangements Costs Capitalized
PreproductionCostsRelatedToLongTermSupplyArrangementsCostsCapitalized
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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23000000 | usd |
| CY2023Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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30000000 | usd |
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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38000000 | usd | |
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Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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57000000 | usd | |
| CY2024Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
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|
0.264 | |
| CY2023Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
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0.297 | |
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Effective Income Tax Rate Continuing Operations
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0.226 | ||
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Effective Income Tax Rate Continuing Operations
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0.273 | ||
| CY2024Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.264 | |
| CY2023Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.297 | |
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Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.226 | ||
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Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.273 | ||
| CY2024Q2 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
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568000000 | usd |
| CY2023Q4 | us-gaap |
Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
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614000000 | usd |
| CY2024Q2 | us-gaap |
Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
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91000000 | usd |
| CY2023Q4 | us-gaap |
Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
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101000000 | usd |
| CY2024Q2 | us-gaap |
Other Receivables Gross Current
OtherReceivablesGrossCurrent
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84000000 | usd |
| CY2023Q4 | us-gaap |
Other Receivables Gross Current
OtherReceivablesGrossCurrent
|
99000000 | usd |
| CY2024Q2 | gtx |
Accounts Notes And Other Receivables Gross
AccountsNotesAndOtherReceivablesGross
|
743000000 | usd |
| CY2023Q4 | gtx |
Accounts Notes And Other Receivables Gross
AccountsNotesAndOtherReceivablesGross
|
814000000 | usd |
| CY2024Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
7000000 | usd |
| CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
6000000 | usd |
| CY2024Q2 | gtx |
Accounts Notes And Other Receivables Net
AccountsNotesAndOtherReceivablesNet
|
736000000 | usd |
| CY2023Q4 | gtx |
Accounts Notes And Other Receivables Net
AccountsNotesAndOtherReceivablesNet
|
808000000 | usd |
| CY2024Q2 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
51000000 | usd |
| CY2023Q4 | us-gaap |
Unbilled Receivables Current
UnbilledReceivablesCurrent
|
38000000 | usd |
| CY2024Q2 | us-gaap |
Value Added Tax Receivable
ValueAddedTaxReceivable
|
62000000 | usd |
| CY2023Q4 | us-gaap |
Value Added Tax Receivable
ValueAddedTaxReceivable
|
78000000 | usd |
| CY2024Q2 | us-gaap |
Accounts Receivable Sale
AccountsReceivableSale
|
240000000 | usd |
| CY2023Q2 | us-gaap |
Accounts Receivable Sale
AccountsReceivableSale
|
218000000 | usd |
| us-gaap |
Accounts Receivable Sale
AccountsReceivableSale
|
402000000 | usd | |
| us-gaap |
Accounts Receivable Sale
AccountsReceivableSale
|
400000000 | usd | |
| CY2024Q2 | us-gaap |
Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
|
52000000 | usd |
| CY2023Q2 | us-gaap |
Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
|
0 | usd |
| us-gaap |
Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
|
52000000 | usd | |
| us-gaap |
Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
|
0 | usd | |
| CY2024Q2 | gtx |
Factoring And Notes Receivables Discount Fees
FactoringAndNotesReceivablesDiscountFees
|
1000000 | usd |
| gtx |
Factoring And Notes Receivables Discount Fees
FactoringAndNotesReceivablesDiscountFees
|
2000000 | usd | |
| CY2023Q2 | gtx |
Factoring And Notes Receivables Discount Fees
FactoringAndNotesReceivablesDiscountFees
|
0 | usd |
| gtx |
Factoring And Notes Receivables Discount Fees
FactoringAndNotesReceivablesDiscountFees
|
0 | usd | |
| CY2024Q2 | gtx |
Accounts Receivable Sold Not Yet Collected
AccountsReceivableSoldNotYetCollected
|
63000000 | usd |
| CY2023Q2 | gtx |
Accounts Receivable Sold Not Yet Collected
AccountsReceivableSoldNotYetCollected
|
7000000 | usd |
| CY2024Q2 | gtx |
Bank Notes Receivable Sold Not Yet Collected
BankNotesReceivableSoldNotYetCollected
|
0 | usd |
| CY2023Q2 | gtx |
Bank Notes Receivable Sold Not Yet Collected
BankNotesReceivableSoldNotYetCollected
|
0 | usd |
| CY2024Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
194000000 | usd |
| CY2023Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
198000000 | usd |
| CY2024Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
20000000 | usd |
| CY2023Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
21000000 | usd |
| CY2024Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
99000000 | usd |
| CY2023Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
85000000 | usd |
| CY2024Q2 | us-gaap |
Inventory Gross
InventoryGross
|
313000000 | usd |
| CY2023Q4 | us-gaap |
Inventory Gross
InventoryGross
|
304000000 | usd |
| CY2024Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
41000000 | usd |
| CY2023Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
41000000 | usd |
| CY2024Q2 | us-gaap |
Inventory Net
InventoryNet
|
272000000 | usd |
| CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
263000000 | usd |
| CY2024Q2 | gtx |
Advanced Discounts To Customers Non Current
AdvancedDiscountsToCustomersNonCurrent
|
36000000 | usd |
| CY2023Q4 | gtx |
Advanced Discounts To Customers Non Current
AdvancedDiscountsToCustomersNonCurrent
|
41000000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
45000000 | usd |
| CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
40000000 | usd |
| CY2024Q2 | us-gaap |
Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
|
20000000 | usd |
| CY2023Q4 | us-gaap |
Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
|
20000000 | usd |
| CY2024Q2 | us-gaap |
Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
|
11000000 | usd |
| CY2023Q4 | us-gaap |
Defined Benefit Plan Assets For Plan Benefits Noncurrent
DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent
|
11000000 | usd |
| CY2024Q2 | us-gaap |
Hedging Assets Noncurrent
HedgingAssetsNoncurrent
|
57000000 | usd |
| CY2023Q4 | us-gaap |
Hedging Assets Noncurrent
HedgingAssetsNoncurrent
|
37000000 | usd |
| CY2024Q2 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
19000000 | usd |
| CY2023Q4 | us-gaap |
Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
|
46000000 | usd |
| CY2024Q2 | us-gaap |
Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
|
8000000 | usd |
| CY2023Q4 | us-gaap |
Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
|
11000000 | usd |
| CY2024Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
196000000 | usd |
| CY2023Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
206000000 | usd |
| gtx |
Number Of Third Party Financial Institutions
NumberOfThirdPartyFinancialInstitutions
|
2 | institution | |
| CY2024Q2 | gtx |
Accrued Customer Pricing Reserve Current
AccruedCustomerPricingReserveCurrent
|
83000000 | usd |
| CY2023Q4 | gtx |
Accrued Customer Pricing Reserve Current
AccruedCustomerPricingReserveCurrent
|
57000000 | usd |
| CY2024Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
65000000 | usd |
| CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
80000000 | usd |
| CY2024Q2 | us-gaap |
Restructuring Reserve Current
RestructuringReserveCurrent
|
9000000 | usd |
| CY2023Q4 | us-gaap |
Restructuring Reserve Current
RestructuringReserveCurrent
|
9000000 | usd |
| CY2024Q2 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
16000000 | usd |
| CY2023Q4 | us-gaap |
Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
|
18000000 | usd |
| CY2024Q2 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
32000000 | usd |
| CY2023Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
42000000 | usd |
| CY2024Q2 | us-gaap |
Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
|
20000000 | usd |
| CY2023Q4 | us-gaap |
Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
|
15000000 | usd |
| CY2024Q2 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
14000000 | usd |
| CY2023Q4 | us-gaap |
Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
|
26000000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
9000000 | usd |
| CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
9000000 | usd |
| CY2024Q2 | gtx |
Accrued Freight Cost Current
AccruedFreightCostCurrent
|
8000000 | usd |
| CY2023Q4 | gtx |
Accrued Freight Cost Current
AccruedFreightCostCurrent
|
9000000 | usd |
| CY2024Q2 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
10000000 | usd |
| CY2023Q4 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
12000000 | usd |
| CY2024Q2 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
17000000 | usd |
| CY2023Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
16000000 | usd |
| CY2024Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
283000000 | usd |
| CY2023Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
293000000 | usd |
| CY2024Q2 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
14000000 | usd |
| CY2023Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
9000000 | usd |
| CY2024Q2 | us-gaap |
Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
|
4000000 | usd |
| CY2023Q4 | us-gaap |
Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
|
5000000 | usd |
| CY2023Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
9000000 | usd |
| us-gaap |
Restructuring Charges
RestructuringCharges
|
12000000 | usd | |
| us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
12000000 | usd | |
| CY2024Q2 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
9000000 | usd |
| CY2022Q4 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
9000000 | usd |
| us-gaap |
Restructuring Charges
RestructuringCharges
|
9000000 | usd | |
| us-gaap |
Payments For Restructuring
PaymentsForRestructuring
|
4000000 | usd | |
| us-gaap |
Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
|
2000000 | usd | |
| CY2023Q2 | us-gaap |
Restructuring Reserve
RestructuringReserve
|
12000000 | usd |
| CY2024Q2 | us-gaap |
Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
|
96000000 | usd |
| CY2023Q4 | us-gaap |
Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
|
99000000 | usd |
| CY2024Q2 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
0 | usd |
| CY2023Q4 | us-gaap |
Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
|
20000000 | usd |
| CY2024Q2 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
|
20000000 | usd |
| CY2023Q4 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
|
23000000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
37000000 | usd |
| CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
33000000 | usd |
| CY2024Q2 | gtx |
Advanced Discounts From Suppliers Noncurrent
AdvancedDiscountsFromSuppliersNoncurrent
|
3000000 | usd |
| CY2023Q4 | gtx |
Advanced Discounts From Suppliers Noncurrent
AdvancedDiscountsFromSuppliersNoncurrent
|
3000000 | usd |
| CY2024Q2 | us-gaap |
Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
|
9000000 | usd |
| CY2023Q4 | us-gaap |
Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
|
9000000 | usd |
| CY2024Q2 | us-gaap |
Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
|
12000000 | usd |
| CY2023Q4 | us-gaap |
Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
|
13000000 | usd |
| CY2024Q2 | gtx |
Accounts Payable Noncurrent
AccountsPayableNoncurrent
|
5000000 | usd |
| CY2023Q4 | gtx |
Accounts Payable Noncurrent
AccountsPayableNoncurrent
|
7000000 | usd |
| CY2024Q2 | us-gaap |
Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
|
9000000 | usd |
| CY2023Q4 | us-gaap |
Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
|
11000000 | usd |
| CY2024Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
191000000 | usd |
| CY2023Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
218000000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
4000000 | usd |
| CY2023Q2 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
4000000 | usd |
| us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
7000000 | usd | |
| us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
8000000 | usd | |
| CY2024Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
3000000 | usd |
| CY2023Q2 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
3000000 | usd |
| us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
6000000 | usd | |
| us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
7000000 | usd | |
| CY2024Q2 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
3000000 | usd |
| CY2023Q2 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
2000000 | usd |
| us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
9000000 | usd | |
| us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
2000000 | usd | |
| CY2024Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
45000000 | usd |
| CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
40000000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
9000000 | usd |
| CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
9000000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
37000000 | usd |
| CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
33000000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P7Y5M8D | |
| CY2023Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P8Y29D | |
| CY2024Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0598 | |
| CY2023Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0569 | |
| CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
8000000 | usd |
| CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
10000000 | usd |
| CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
9000000 | usd |
| CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
8000000 | usd |
| CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
6000000 | usd |
| CY2024Q2 | gtx |
Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
|
17000000 | usd |
| CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
58000000 | usd |
| CY2024Q2 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
12000000 | usd |
| CY2024Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
46000000 | usd |
| CY2024Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
1497000000 | usd |
| CY2023Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
1696000000 | usd |
| CY2024Q2 | us-gaap |
Deferred Finance Costs Gross
DeferredFinanceCostsGross
|
25000000 | usd |
| CY2023Q4 | us-gaap |
Deferred Finance Costs Gross
DeferredFinanceCostsGross
|
46000000 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
7000000 | usd |
| CY2023Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
7000000 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1465000000 | usd |
| CY2023Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1643000000 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
4000000 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
7000000 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
7000000 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
7000000 | usd |
| CY2024Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
672000000 | usd |
| CY2024Q2 | gtx |
Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
|
800000000 | usd |
| CY2024Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
1497000000 | usd |
| CY2024Q1 | srt |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
350000000 | usd |
| us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
174000000 | usd | |
| CY2024Q2 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
176000000 | usd |
| CY2024Q2 | us-gaap |
Derivative Notional Amount
DerivativeNotionalAmount
|
1165000000 | usd |
| CY2023Q4 | us-gaap |
Derivative Notional Amount
DerivativeNotionalAmount
|
1171000000 | usd |
| CY2024Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-2000000 | usd |
| CY2023Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
2000000 | usd |
| us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
1000000 | usd | |
| us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-1000000 | usd | |
| CY2024Q2 | gtx |
Other Comprehensive Income Loss Net Investment Hedge Gain Loss After Reclassification Net Of Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationNetOfTax
|
8000000 | usd |
| CY2023Q2 | gtx |
Other Comprehensive Income Loss Net Investment Hedge Gain Loss After Reclassification Net Of Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationNetOfTax
|
3000000 | usd |
| gtx |
Other Comprehensive Income Loss Net Investment Hedge Gain Loss After Reclassification Net Of Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationNetOfTax
|
27000000 | usd | |
| gtx |
Other Comprehensive Income Loss Net Investment Hedge Gain Loss After Reclassification Net Of Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationNetOfTax
|
-2000000 | usd | |
| CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
64000000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
71000000 | usd |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
130000000 | usd | |
| us-gaap |
Net Income Loss
NetIncomeLoss
|
152000000 | usd | |
| CY2024Q2 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
0 | usd |
| CY2023Q2 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
40000000 | usd |
| us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
0 | usd | |
| us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
80000000 | usd | |
| CY2024Q2 | us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
0 | usd |
| CY2023Q2 | us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
232000000 | usd |
| us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
0 | usd | |
| us-gaap |
Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
|
232000000 | usd | |
| CY2024Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
64000000 | usd |
| CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-201000000 | usd |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
130000000 | usd | |
| us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-160000000 | usd | |
| CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
224321948 | shares |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
107408432 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
230493039 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
86269694 | shares | |
| CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.29 | |
| CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.88 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.56 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.86 | ||
| CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
224321948 | shares |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
107408432 | shares |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
230493039 | shares | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
86269694 | shares | |
| CY2024Q2 | gtx |
Incremental Common Shares Attributable To Unvested Restricted Stock Units And Other Contingently Issuable Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedStockUnitsAndOtherContingentlyIssuableShares
|
1576866 | shares |
| CY2023Q2 | gtx |
Incremental Common Shares Attributable To Unvested Restricted Stock Units And Other Contingently Issuable Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedStockUnitsAndOtherContingentlyIssuableShares
|
0 | shares |
| gtx |
Incremental Common Shares Attributable To Unvested Restricted Stock Units And Other Contingently Issuable Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedStockUnitsAndOtherContingentlyIssuableShares
|
1962044 | shares | |
| gtx |
Incremental Common Shares Attributable To Unvested Restricted Stock Units And Other Contingently Issuable Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedStockUnitsAndOtherContingentlyIssuableShares
|
0 | shares | |
| CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
225898814 | shares |
| CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
107408432 | shares |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
232455083 | shares | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
86269694 | shares | |
| CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.28 | |
| CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.88 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.56 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.86 | ||
| CY2023Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1113778 | shares |
| us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1358636 | shares | |
| CY2024Q1 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
26000000 | usd |
| CY2023Q1 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
28000000 | usd |
| CY2023Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
27000000 | usd |
| CY2022Q4 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
28000000 | usd |
| CY2024Q2 | us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
2000000 | usd |
| CY2023Q2 | us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
3000000 | usd |
| us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
5000000 | usd | |
| us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
6000000 | usd | |
| CY2024Q2 | us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
3000000 | usd |
| CY2023Q2 | us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
4000000 | usd |
| us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
6000000 | usd | |
| us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
7000000 | usd | |
| CY2024Q2 | us-gaap |
Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
|
0 | usd |
| CY2023Q2 | us-gaap |
Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
|
0 | usd |
| us-gaap |
Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
|
-1000000 | usd | |
| us-gaap |
Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
|
0 | usd | |
| CY2024Q2 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
25000000 | usd |
| CY2023Q2 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
27000000 | usd |
| CY2024Q2 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
25000000 | usd |
| CY2023Q2 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
27000000 | usd |
| CY2024Q2 | us-gaap |
Equity Method Investment Sold Carrying Amount
EquityMethodInvestmentSoldCarryingAmount
|
58000000 | usd |
| CY2024Q2 | us-gaap |
Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
|
46000000 | usd |
| CY2024Q2 | gtx |
Number Of Installments
NumberOfInstallments
|
2 | installment |
| CY2024Q2 | gtx |
Deferred Payments Sale Of Equity Method Investments First Payment Term
DeferredPaymentsSaleOfEquityMethodInvestmentsFirstPaymentTerm
|
P12M | |
| CY2024Q2 | gtx |
Deferred Payments Sale Of Equity Method Investments Second Payment Term
DeferredPaymentsSaleOfEquityMethodInvestmentsSecondPaymentTerm
|
P36M | |
| us-gaap |
Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
|
27000000 | usd | |
| gtx |
Transaction Costs On Sale Of Assets
TransactionCostsOnSaleOfAssets
|
1000000 | usd | |
| CY2024Q2 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
| CY2024Q2 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
| CY2024Q2 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
| CY2024Q2 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |
