Guarantees

3 Months Ended

Mar. 31, 2020

Service and Product Warranties and Product Performance Guarantees [Abstract]

Guarantees [Text Block]

Guarantees

We extend a variety of financial, market value and product performance guarantees to third parties. There have been no material changes to financial guarantees outstanding since December 31, 2019. The changes in the carrying amount of service and product warranties and product performance guarantees for the quarters ended March 31, 2020 and 2019 are as follows:

(dollars in millions)	2020		2019
Balance as of January 1	$	1,548	$	1,449
Warranties and performance guarantees issued	133		137
Settlements made	(129)		(110)
Other	(16)		9
Balance as of March 31	$	1,536	$	1,485