v3.25.0.1
Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of gains and losses on derivative instruments
Financial Statement Presentation
Gains and losses on derivative financial instruments for the years ended December 31, 2024 and 2023 are as follows:
Amount of Gain (Loss)
Recorded Income (Loss) in AOCI, net of taxReclassified from AOCI into Income (Loss)
(In millions)2024202320242023
Interest rate risk - Interest expense, net:
Net investment hedges
13 (7)— — 
Interest rate swap
(13)(13)(12)(12)
$— $(20)$(12)$(12)
Summary of percentage of sales and accounts receivable
The following is a summary of the percentage of net sales and accounts receivable from the Company's customers with a percentage of net sales greater than 10 percent:
Percentage of Total Net SalesPercentage of Total Accounts Receivable
December 31,December 31,
20242023202220242023
Ford23 %22 %22 %12 %16 %
General Motors15 %12 %9 %13 %15 %