$GTX
Garrett Motion Inc

2024 Q4 Form 10-Q Financial Statement

#000173570724000057 Filed on October 24, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $826.0M
YoY Change -13.96%
Cost Of Revenue $660.0M
YoY Change -15.82%
Gross Profit $166.0M
YoY Change -5.68%
Gross Profit Margin 20.1%
Selling, General & Admin $53.00M
YoY Change -10.17%
% of Gross Profit 31.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.00M
YoY Change 0.0%
% of Gross Profit 13.86%
Operating Expenses $53.00M
YoY Change -10.17%
Operating Profit $113.0M
YoY Change -3.42%
Interest Expense -$37.00M
YoY Change -174.0%
% of Operating Profit -32.74%
Other Income/Expense, Net $1.000M
YoY Change -75.0%
Pretax Income $76.00M
YoY Change 8.57%
Income Tax $24.00M
% Of Pretax Income 31.58%
Net Earnings $52.00M
YoY Change -8.77%
Net Earnings / Revenue 6.3%
Basic Earnings Per Share $0.24
Diluted Earnings Per Share $0.24
COMMON SHARES
Basic Shares Outstanding 213.6M shares 218.6M shares
Diluted Shares Outstanding 218.4M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $96.00M
YoY Change -40.74%
Cash & Equivalents $96.00M
Short-Term Investments
Other Short-Term Assets $81.00M
YoY Change 10.96%
Inventory $267.0M
Prepaid Expenses
Receivables $570.0M
Other Receivables $128.0M
Total Short-Term Assets $1.143B
YoY Change -17.77%
LONG-TERM ASSETS
Property, Plant & Equipment $450.0M
YoY Change 2.97%
Goodwill $193.0M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments $12.00M
YoY Change -62.5%
Other Assets $159.0M
YoY Change -37.65%
Total Long-Term Assets $1.012B
YoY Change -11.38%
TOTAL ASSETS
Total Short-Term Assets $1.143B
Total Long-Term Assets $1.012B
Total Assets $2.155B
YoY Change -14.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $896.0M
YoY Change -15.95%
Accrued Expenses $319.0M
YoY Change 2.24%
Deferred Revenue $9.000M
YoY Change -25.0%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $7.000M
YoY Change 0.0%
Total Short-Term Liabilities $1.222B
YoY Change -11.77%
LONG-TERM LIABILITIES
Long-Term Debt $1.464B
YoY Change -9.74%
Other Long-Term Liabilities $222.0M
YoY Change 13.27%
Total Long-Term Liabilities $1.686B
YoY Change -7.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.222B
Total Long-Term Liabilities $1.686B
Total Liabilities $2.933B
YoY Change -9.03%
SHAREHOLDERS EQUITY
Retained Earnings -$1.740B
YoY Change -10.26%
Common Stock $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$778.0M
YoY Change
Total Liabilities & Shareholders Equity $2.155B
YoY Change -14.89%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $52.00M
YoY Change -8.77%
Depreciation, Depletion And Amortization $23.00M
YoY Change 0.0%
Cash From Operating Activities $67.00M
YoY Change -9.46%
INVESTING ACTIVITIES
Capital Expenditures $20.00M
YoY Change -16.67%
Acquisitions
YoY Change
Other Investing Activities $3.000M
YoY Change
Cash From Investing Activities -$17.00M
YoY Change -29.17%
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
YoY Change -84.89%
NET CHANGE
Cash From Operating Activities 67.00M
Cash From Investing Activities -17.00M
Cash From Financing Activities -55.00M
Net Change In Cash -5.000M
YoY Change -98.41%
FREE CASH FLOW
Cash From Operating Activities $67.00M
Capital Expenditures $20.00M
Free Cash Flow $47.00M
YoY Change -6.0%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
1180
dei Document Period End Date
DocumentPeriodEndDate
2024-09-30
dei Document Transition Report
DocumentTransitionReport
false
dei Entity Address Address Line1
EntityAddressAddressLine1
La Pièce 16
CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
76000000 usd
CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
70000000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24000000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13000000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
57000000 usd
CY2024Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
CY2023Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
217283749 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
250888716 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
218403681 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
252381719 shares
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
52000000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
57000000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-30000000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
14000000 usd
gtx Foreign Currency Transaction Gain Loss Excluding Hedges Before Tax
ForeignCurrencyTransactionGainLossExcludingHedgesBeforeTax
0 usd
us-gaap Share Based Compensation
ShareBasedCompensation
17000000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
12000000 usd
us-gaap Pension Expense Reversal Of Expense Noncash
PensionExpenseReversalOfExpenseNoncash
1000000 usd
us-gaap Pension Expense Reversal Of Expense Noncash
PensionExpenseReversalOfExpenseNoncash
1000000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-39000000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-21000000 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-2000000 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
0 usd
us-gaap Payments Of Dividends
PaymentsOfDividends
42000000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
7000000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2000000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-9000000 usd
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-1000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-439000000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-366000000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-2000000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-1000000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-163000000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-85000000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
260000000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
248000000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
97000000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
163000000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
43000000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
38000000 usd
us-gaap Interest Paid Net
InterestPaidNet
49000000 usd
us-gaap Interest Paid Net
InterestPaidNet
45000000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
-778000000 usd
dei Document Quarterly Report
DocumentQuarterlyReport
true
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
52000000 usd
CY2024Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 usd
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-7000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
69000000 usd
us-gaap Proceeds From Hedge Investing Activities
ProceedsFromHedgeInvestingActivities
24000000 usd
us-gaap Proceeds From Hedge Investing Activities
ProceedsFromHedgeInvestingActivities
9000000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-3000000 usd
gtx Foreign Currency Transaction Gain Loss Excluding Hedges Before Tax
ForeignCurrencyTransactionGainLossExcludingHedgesBeforeTax
10000000 usd
gtx Increase Decrease In Accounts Notes And Other Receivables
IncreaseDecreaseInAccountsNotesAndOtherReceivables
-110000000 usd
gtx Increase Decrease In Accounts Notes And Other Receivables
IncreaseDecreaseInAccountsNotesAndOtherReceivables
76000000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10000000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
30000000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2000000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-2000000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-154000000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
57000000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
8000000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
26000000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1000000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-8000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
277000000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
330000000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
57000000 usd
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
0 usd
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
580000000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
226000000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
178000000 usd
gtx Payments For Dividends Of Convertible Preferred Stock
PaymentsForDividendsOfConvertiblePreferredStock
0 usd
gtx Payments For Dividends Of Convertible Preferred Stock
PaymentsForDividendsOfConvertiblePreferredStock
25000000 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-5000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
244000000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
279000000 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
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
-25000000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5000000 usd
dei Entity Registrant Name
EntityRegistrantName
Garrett Motion Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
82-4873189
dei Entity Address City Or Town
EntityAddressCityOrTown
Rolle
dei Entity Address Country
EntityAddressCountry
CH
dei City Area Code
CityAreaCode
41 21
dei Local Phone Number
LocalPhoneNumber
695 30 00
dei Trading Symbol
TradingSymbol
GTX
dei Entity Small Business
EntitySmallBusiness
false
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Shell Company
EntityShellCompany
false
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
213562312 shares
CY2024Q3 us-gaap Revenues
Revenues
826000000 usd
CY2023Q3 us-gaap Revenues
Revenues
960000000 usd
us-gaap Revenues
Revenues
2631000000 usd
us-gaap Revenues
Revenues
2941000000 usd
CY2024Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
660000000 usd
CY2023Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
784000000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2108000000 usd
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
2374000000 usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
166000000 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
176000000 usd
us-gaap Gross Profit
GrossProfit
523000000 usd
us-gaap Gross Profit
GrossProfit
567000000 usd
CY2024Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-1000000 usd
CY2023Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-1000000 usd
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-3000000 usd
CY2024Q3 us-gaap Interest Expense Operating
InterestExpenseOperating
37000000 usd
CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1000000 usd
CY2023Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2000000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
7000000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
62000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
70000000 usd
us-gaap Net Income Loss
NetIncomeLoss
182000000 usd
us-gaap Net Income Loss
NetIncomeLoss
209000000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
80000000 usd
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
232000000 usd
CY2024Q3 gtx Net Income Loss Available For Distribution
NetIncomeLossAvailableForDistribution
52000000 usd
CY2023Q3 gtx Net Income Loss Available For Distribution
NetIncomeLossAvailableForDistribution
57000000 usd
gtx Net Income Loss Available For Distribution
NetIncomeLossAvailableForDistribution
182000000 usd
gtx Net Income Loss Available For Distribution
NetIncomeLossAvailableForDistribution
-103000000 usd
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.80
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.73
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.80
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.73
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
226057803 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
141745701 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
227649747 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
141745701 shares
us-gaap Net Income Loss
NetIncomeLoss
182000000 usd
us-gaap Net Income Loss
NetIncomeLoss
209000000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-12000000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
8000000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1000000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
0 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-4000000 usd
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
0 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
4000000 usd
CY2023Q3 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
5000000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-3000000 usd
CY2024Q3 gtx Other Comprehensive Income Loss Net Investment Hedge Gain Loss After Reclassification Net Of Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationNetOfTax
-31000000 usd
CY2023Q3 gtx Other Comprehensive Income Loss Net Investment Hedge Gain Loss After Reclassification Net Of Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationNetOfTax
20000000 usd
gtx Other Comprehensive Income Loss Net Investment Hedge Gain Loss After Reclassification Net Of Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationNetOfTax
18000000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-56000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-7000000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
23000000 usd
CY2024Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4000000 usd
CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
89000000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
175000000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
232000000 usd
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96000000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
259000000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
1000000 usd
CY2024Q3 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
698000000 usd
CY2024Q3 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
12000000 usd
CY2023Q4 us-gaap Long Term Investments And Receivables Net
LongTermInvestmentsAndReceivablesNet
29000000 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
450000000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
477000000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
193000000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
193000000 usd
CY2024Q3 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
198000000 usd
CY2023Q4 us-gaap Deferred Income Tax Assets Net
DeferredIncomeTaxAssetsNet
216000000 usd
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
159000000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
206000000 usd
CY2024Q3 us-gaap Assets
Assets
2155000000 usd
CY2023Q4 us-gaap Assets
Assets
2527000000 usd
CY2024Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
896000000 usd
CY2023Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1074000000 usd
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
7000000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7000000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
319000000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
293000000 usd
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
1222000000 usd
CY2023Q4 us-gaap Liabilities Current
LiabilitiesCurrent
1374000000 usd
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1464000000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1643000000 usd
CY2024Q3 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
25000000 usd
CY2023Q4 us-gaap Deferred Income Tax Liabilities Net
DeferredIncomeTaxLiabilitiesNet
27000000 usd
CY2024Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
222000000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
218000000 usd
CY2024Q3 us-gaap Liabilities
Liabilities
2933000000 usd
CY2023Q4 us-gaap Liabilities
Liabilities
3262000000 usd
CY2024Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2024Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
238249056 shares
CY2024Q3 us-gaap Common Stock Value
CommonStockValue
0 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
0 usd
CY2024Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1207000000 usd
CY2023Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-3000000 usd
CY2024Q3 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
26242790 shares
CY2023Q4 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
0 shares
CY2024Q3 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
235000000 usd
CY2023Q4 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
0 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
-778000000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-735000000 usd
CY2024Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2155000000 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2527000000 usd
us-gaap Profit Loss
ProfitLoss
182000000 usd
us-gaap Profit Loss
ProfitLoss
209000000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
16000000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
13000000 usd
us-gaap Depreciation
Depreciation
67000000 usd
us-gaap Depreciation
Depreciation
66000000 usd
gtx Amortization Of Deferred Issuance Costs
AmortizationOfDeferredIssuanceCosts
35000000 usd
gtx Amortization Of Deferred Issuance Costs
AmortizationOfDeferredIssuanceCosts
17000000 usd
gtx Gain Loss On Remeasurement Of Forward Purchase Contract
GainLossOnRemeasurementOfForwardPurchaseContract
0 usd
gtx Gain Loss On Remeasurement Of Forward Purchase Contract
GainLossOnRemeasurementOfForwardPurchaseContract
-13000000 usd
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
27000000 usd
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 usd
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
46000000 usd
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1000000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-48000000 usd
gtx Proceeds From Issuance Of Senior Secured Debt And Term Loan Net Of Deferred Financing Costs
ProceedsFromIssuanceOfSeniorSecuredDebtAndTermLoanNetOfDeferredFinancingCosts
794000000 usd
gtx Proceeds From Issuance Of Senior Secured Debt And Term Loan Net Of Deferred Financing Costs
ProceedsFromIssuanceOfSeniorSecuredDebtAndTermLoanNetOfDeferredFinancingCosts
667000000 usd
gtx Repayments Of Long Term Debt And Accrued Interest
RepaymentsOfLongTermDebtAndAccruedInterest
991000000 usd
gtx Repayments Of Long Term Debt And Accrued Interest
RepaymentsOfLongTermDebtAndAccruedInterest
205000000 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
-735000000 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
66000000 usd
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2024
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001735707
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
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
CY2024Q3 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent
CY2024Q3 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 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
CY2024Q3 us-gaap Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List
OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent
CY2024Q3 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
http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent
CY2024Q3 us-gaap Operating Lease Liability Current Statement Of Financial Position Extensible List
OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList
http://fasb.org/us-gaap/2024#AccruedLiabilitiesCurrent
CY2024Q3 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
dei Security12b Title
Security12bTitle
Common Stock, $0.001 par value per share
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2024Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
53000000 usd
CY2023Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
59000000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
178000000 usd
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
178000000 usd
CY2023Q3 us-gaap Interest Expense Operating
InterestExpenseOperating
48000000 usd
us-gaap Interest Expense Operating
InterestExpenseOperating
130000000 usd
us-gaap Interest Expense Operating
InterestExpenseOperating
104000000 usd
CY2024Q3 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 usd
CY2023Q3 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 usd
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
27000000 usd
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 usd
gtx Other Comprehensive Income Loss Net Investment Hedge Gain Loss After Reclassification Net Of Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationNetOfTax
-4000000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
32000000 usd
CY2024Q3 us-gaap Restricted Cash Current
RestrictedCashCurrent
1000000 usd
CY2023Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
808000000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
267000000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
263000000 usd
CY2024Q3 us-gaap Other Assets Current
OtherAssetsCurrent
81000000 usd
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
75000000 usd
CY2024Q3 us-gaap Assets Current
AssetsCurrent
1143000000 usd
CY2023Q4 us-gaap Assets Current
AssetsCurrent
1406000000 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2023Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1000000000 shares
CY2024Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
240937724 shares
CY2023Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
238543624 shares
CY2024Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
214694934 shares
CY2023Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
1190000000 usd
CY2024Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1740000000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-1922000000 usd
CY2024Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-10000000 usd
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
5000000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
-725000000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
52000000 usd
CY2024Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
52000000 usd
CY2024Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-1000000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-56000000 usd
CY2024Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4000000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
-116000000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
81000000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-80000000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
71000000 usd
CY2023Q2 gtx Excise Tax On Share Repurchases
ExciseTaxOnShareRepurchases
6000000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-623000000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
57000000 usd
CY2023Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
161000000 usd
CY2023Q3 gtx Excise Tax On Share Repurchases
ExciseTaxOnShareRepurchases
1000000 usd
CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
32000000 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4000000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-692000000 usd
us-gaap 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 nine</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%">September 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%">nine</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%">September 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 September 30, 2024. Our actual closing date for the three months ended September 30, 2024 was September 28, 2024. There was no difference in actual closing date for the three months ended September 30, 2023. </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>
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
826000000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
960000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2631000000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2941000000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
38000000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
46000000 usd
CY2024Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
53000000 usd
CY2023Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
44000000 usd
us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
15000000 usd
us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
-2000000 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
11000000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
8000000 usd
CY2024Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
9000000 usd
CY2023Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
12000000 usd
us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
-2000000 usd
us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
ContractWithCustomerLiabilityChangeInTimeframePerformanceObligationSatisfiedRevenueRecognized
4000000 usd
CY2024Q3 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Costs Capitalized
PreproductionCostsRelatedToLongTermSupplyArrangementsCostsCapitalized
30000000 usd
CY2023Q4 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Costs Capitalized
PreproductionCostsRelatedToLongTermSupplyArrangementsCostsCapitalized
12000000 usd
CY2024Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
24000000 usd
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
62000000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
70000000 usd
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.316
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.186
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.254
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.251
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.316
CY2023Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.186
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.254
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.251
CY2024Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
576000000 usd
CY2023Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
614000000 usd
CY2024Q3 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
46000000 usd
CY2023Q4 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
101000000 usd
CY2024Q3 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
82000000 usd
CY2023Q4 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
99000000 usd
CY2024Q3 gtx Accounts Notes And Other Receivables Gross
AccountsNotesAndOtherReceivablesGross
704000000 usd
CY2023Q4 gtx Accounts Notes And Other Receivables Gross
AccountsNotesAndOtherReceivablesGross
814000000 usd
CY2024Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
6000000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
6000000 usd
CY2024Q3 gtx Accounts Notes And Other Receivables Net
AccountsNotesAndOtherReceivablesNet
698000000 usd
CY2023Q4 gtx Accounts Notes And Other Receivables Net
AccountsNotesAndOtherReceivablesNet
808000000 usd
CY2024Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
53000000 usd
CY2023Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
38000000 usd
CY2024Q3 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
59000000 usd
CY2023Q4 us-gaap Value Added Tax Receivable
ValueAddedTaxReceivable
76000000 usd
CY2024Q3 us-gaap Accounts Receivable Sale
AccountsReceivableSale
140000000 usd
CY2023Q3 us-gaap Accounts Receivable Sale
AccountsReceivableSale
184000000 usd
us-gaap Accounts Receivable Sale
AccountsReceivableSale
542000000 usd
us-gaap Accounts Receivable Sale
AccountsReceivableSale
584000000 usd
CY2024Q3 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
95000000 usd
CY2023Q3 us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
41000000 usd
us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
147000000 usd
us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
41000000 usd
CY2024Q3 gtx Factoring And Notes Receivables Discount Fees
FactoringAndNotesReceivablesDiscountFees
1000000 usd
CY2023Q3 gtx Factoring And Notes Receivables Discount Fees
FactoringAndNotesReceivablesDiscountFees
1000000 usd
gtx Factoring And Notes Receivables Discount Fees
FactoringAndNotesReceivablesDiscountFees
3000000 usd
gtx Factoring And Notes Receivables Discount Fees
FactoringAndNotesReceivablesDiscountFees
3000000 usd
CY2024Q3 gtx Accounts Receivable Sold Not Yet Collected
AccountsReceivableSoldNotYetCollected
4000000 usd
CY2023Q3 gtx Accounts Receivable Sold Not Yet Collected
AccountsReceivableSoldNotYetCollected
7000000 usd
CY2024Q3 gtx Bank Notes Receivable Sold Not Yet Collected
BankNotesReceivableSoldNotYetCollected
41000000 usd
CY2023Q3 gtx Bank Notes Receivable Sold Not Yet Collected
BankNotesReceivableSoldNotYetCollected
0 usd
CY2024Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
196000000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
198000000 usd
CY2024Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
21000000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
21000000 usd
CY2024Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
93000000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
85000000 usd
CY2024Q3 us-gaap Inventory Gross
InventoryGross
310000000 usd
CY2023Q4 us-gaap Inventory Gross
InventoryGross
304000000 usd
CY2024Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
43000000 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
41000000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
267000000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
263000000 usd
CY2024Q3 gtx Advanced Discounts To Customers Non Current
AdvancedDiscountsToCustomersNonCurrent
34000000 usd
CY2023Q4 gtx Advanced Discounts To Customers Non Current
AdvancedDiscountsToCustomersNonCurrent
41000000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
48000000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
40000000 usd
CY2024Q3 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
20000000 usd
CY2023Q4 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
20000000 usd
CY2024Q3 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
CY2024Q3 us-gaap Hedging Assets Noncurrent
HedgingAssetsNoncurrent
24000000 usd
CY2023Q4 us-gaap Hedging Assets Noncurrent
HedgingAssetsNoncurrent
37000000 usd
CY2024Q3 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
13000000 usd
CY2023Q4 us-gaap Derivative Assets Noncurrent
DerivativeAssetsNoncurrent
46000000 usd
CY2024Q3 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
9000000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
11000000 usd
CY2024Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
159000000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
206000000 usd
gtx Number Of Third Party Financial Institutions
NumberOfThirdPartyFinancialInstitutions
2 institution
CY2024Q3 gtx Accrued Customer Pricing Reserve Current
AccruedCustomerPricingReserveCurrent
85000000 usd
CY2023Q4 gtx Accrued Customer Pricing Reserve Current
AccruedCustomerPricingReserveCurrent
57000000 usd
CY2024Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
76000000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
80000000 usd
CY2024Q3 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
10000000 usd
CY2023Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
9000000 usd
CY2024Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
17000000 usd
CY2023Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
18000000 usd
CY2024Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
31000000 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
42000000 usd
CY2024Q3 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
18000000 usd
CY2023Q4 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
15000000 usd
CY2024Q3 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
32000000 usd
CY2023Q4 us-gaap Deposit Liabilities Accrued Interest
DepositLiabilitiesAccruedInterest
26000000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11000000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9000000 usd
CY2024Q3 gtx Accrued Freight Cost Current
AccruedFreightCostCurrent
8000000 usd
CY2023Q4 gtx Accrued Freight Cost Current
AccruedFreightCostCurrent
9000000 usd
CY2024Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
13000000 usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
12000000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
18000000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
16000000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
319000000 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
293000000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
9000000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
9000000 usd
CY2024Q3 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
6000000 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
16000000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
15000000 usd
CY2024Q3 us-gaap Restructuring Reserve
RestructuringReserve
10000000 usd
CY2022Q4 us-gaap Restructuring Reserve
RestructuringReserve
9000000 usd
us-gaap Restructuring Charges
RestructuringCharges
15000000 usd
us-gaap Payments For Restructuring
PaymentsForRestructuring
10000000 usd
us-gaap Restructuring Reserve Settled Without Cash2
RestructuringReserveSettledWithoutCash2
2000000 usd
CY2023Q3 us-gaap Restructuring Reserve
RestructuringReserve
12000000 usd
CY2024Q3 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
100000000 usd
CY2023Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
99000000 usd
CY2024Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
27000000 usd
CY2023Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
20000000 usd
CY2024Q3 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
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
39000000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
33000000 usd
CY2024Q3 gtx Advanced Discounts From Suppliers Noncurrent
AdvancedDiscountsFromSuppliersNoncurrent
2000000 usd
CY2023Q4 gtx Advanced Discounts From Suppliers Noncurrent
AdvancedDiscountsFromSuppliersNoncurrent
3000000 usd
CY2024Q3 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
9000000 usd
CY2023Q4 us-gaap Product Warranty Accrual Noncurrent
ProductWarrantyAccrualNoncurrent
9000000 usd
CY2024Q3 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
11000000 usd
CY2023Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
13000000 usd
CY2024Q3 gtx Accounts Payable Noncurrent
AccountsPayableNoncurrent
6000000 usd
CY2023Q4 gtx Accounts Payable Noncurrent
AccountsPayableNoncurrent
7000000 usd
CY2024Q3 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
8000000 usd
CY2023Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
11000000 usd
CY2024Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
222000000 usd
CY2023Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
218000000 usd
CY2024Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
4000000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
4000000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
11000000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
12000000 usd
CY2024Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
4000000 usd
CY2023Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
3000000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
10000000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
10000000 usd
CY2024Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1000000 usd
CY2023Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10000000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2000000 usd
CY2024Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
48000000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
40000000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11000000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
9000000 usd
CY2024Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
39000000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
33000000 usd
CY2024Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y2M4D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P8Y29D
CY2024Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0611
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0569
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
5000000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
12000000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
10000000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
8000000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7000000 usd
CY2024Q3 gtx Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
20000000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
62000000 usd
CY2024Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
12000000 usd
CY2024Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
50000000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1495000000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1696000000 usd
CY2024Q3 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
24000000 usd
CY2023Q4 us-gaap Deferred Finance Costs Gross
DeferredFinanceCostsGross
46000000 usd
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
7000000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7000000 usd
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1464000000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1643000000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
2000000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
7000000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
7000000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
7000000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
672000000 usd
CY2024Q3 gtx Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
800000000 usd
CY2024Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1495000000 usd
CY2024Q1 srt Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
350000000 usd
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
226000000 usd
CY2024Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
124000000 usd
CY2024Q3 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
790000000 usd
CY2023Q4 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
1171000000 usd
CY2024Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
4000000 usd
CY2023Q3 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
5000000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-3000000 usd
CY2024Q3 gtx Other Comprehensive Income Loss Net Investment Hedge Gain Loss After Reclassification Net Of Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationNetOfTax
-31000000 usd
CY2023Q3 gtx Other Comprehensive Income Loss Net Investment Hedge Gain Loss After Reclassification Net Of Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationNetOfTax
20000000 usd
gtx Other Comprehensive Income Loss Net Investment Hedge Gain Loss After Reclassification Net Of Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationNetOfTax
-4000000 usd
gtx Other Comprehensive Income Loss Net Investment Hedge Gain Loss After Reclassification Net Of Tax
OtherComprehensiveIncomeLossNetInvestmentHedgeGainLossAfterReclassificationNetOfTax
18000000 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
52000000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
57000000 usd
us-gaap Net Income Loss
NetIncomeLoss
182000000 usd
us-gaap Net Income Loss
NetIncomeLoss
209000000 usd
CY2024Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 usd
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
80000000 usd
CY2024Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
CY2023Q3 us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
0 usd
us-gaap Redeemable Preferred Stock Dividends
RedeemablePreferredStockDividends
232000000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
52000000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
57000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
182000000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-103000000 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
217283749 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
250888716 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
226057803 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
141745701 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.80
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.73
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
217283749 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
250888716 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
226057803 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
141745701 shares
CY2024Q3 gtx Incremental Common Shares Attributable To Unvested Restricted Stock Units And Other Contingently Issuable Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedStockUnitsAndOtherContingentlyIssuableShares
1119932 shares
CY2023Q3 gtx Incremental Common Shares Attributable To Unvested Restricted Stock Units And Other Contingently Issuable Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedStockUnitsAndOtherContingentlyIssuableShares
1493003 shares
gtx Incremental Common Shares Attributable To Unvested Restricted Stock Units And Other Contingently Issuable Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedStockUnitsAndOtherContingentlyIssuableShares
1591944 shares
gtx Incremental Common Shares Attributable To Unvested Restricted Stock Units And Other Contingently Issuable Shares
IncrementalCommonSharesAttributableToUnvestedRestrictedStockUnitsAndOtherContingentlyIssuableShares
0 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
218403681 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
252381719 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
227649747 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
141745701 shares
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.80
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.73
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1349442 shares
CY2024Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
25000000 usd
CY2023Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
27000000 usd
CY2023Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
27000000 usd
CY2022Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
28000000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
3000000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
2000000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
8000000 usd
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
8000000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
4000000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
2000000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
10000000 usd
us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
9000000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
1000000 usd
CY2023Q3 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
us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-1000000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
25000000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
26000000 usd
CY2024Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
25000000 usd
CY2023Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
26000000 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
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
0001735707-24-000057-index-headers.html Edgar Link pending
0001735707-24-000057-index.html Edgar Link pending
0001735707-24-000057.txt Edgar Link pending
0001735707-24-000057-xbrl.zip Edgar Link pending
exhibit31_1-exx3112024q3.htm Edgar Link pending
exhibit31_2-exx3122024q3.htm Edgar Link pending
exhibit32_1-exx3212024q3.htm Edgar Link pending
exhibit32_2-exx3222024q3.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
gtx-20240930.htm Edgar Link pending
gtx-20240930.xsd Edgar Link pending
gtx-20240930_g1.gif Edgar Link pending
gtx-20240930_g2.gif Edgar Link pending
gtx-20240930_g3.gif Edgar Link pending
gtx-20240930_g4.gif Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
gtx-20240930_cal.xml Edgar Link unprocessable
gtx-20240930_def.xml Edgar Link unprocessable
gtx-20240930_lab.xml Edgar Link unprocessable
gtx-20240930_pre.xml Edgar Link unprocessable
gtx-20240930_htm.xml Edgar Link completed
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R66.htm Edgar Link pending
R67.htm Edgar Link pending
R68.htm Edgar Link pending
R69.htm Edgar Link pending
R7.htm Edgar Link pending
R70.htm Edgar Link pending
R71.htm Edgar Link pending
R72.htm Edgar Link pending
R73.htm Edgar Link pending
R74.htm Edgar Link pending
R75.htm Edgar Link pending
R76.htm Edgar Link pending
R77.htm Edgar Link pending
R78.htm Edgar Link pending
R79.htm Edgar Link pending
R8.htm Edgar Link pending
R80.htm Edgar Link pending
R81.htm Edgar Link pending
R82.htm Edgar Link pending
R83.htm Edgar Link pending
R84.htm Edgar Link pending
R85.htm Edgar Link pending
R86.htm Edgar Link pending
R87.htm Edgar Link pending
R88.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
FilingSummary.xml Edgar Link unprocessable