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Guarantees (Tables)
 9 Months Ended
Sep. 30, 2022
Service and Product Warranties and Product Performance Guarantees [Abstract]  
Schedule of guarantees As of September 30, 2022 and December 31, 2021, the following financial guarantees were outstanding:
September 30, 2022December 31, 2021
(dollars in millions)Maximum Potential PaymentCarrying Amount of LiabilityMaximum Potential PaymentCarrying Amount of Liability
Commercial aerospace financing arrangements$304 $— $309 $3 
Third party guarantees310 1 511 5 
Product Warranty Disclosure The changes in the carrying amount of service and product warranties and product performance guarantees for the nine months ended September 30, 2022 and 2021 were as follows:
(dollars in millions)20222021
Balance as of January 1$1,157 $1,057 
Warranties and performance guarantees issued203 247 
Settlements(196)(212)
Other(21)(3)
Balance as of September 30$1,143 $1,089