XML 60 R40.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Guarantees (Tables)
 3 Months Ended
Mar. 31, 2024
Guarantees [Abstract]  
Schedule of Guarantees As of March 31, 2024 and December 31, 2023, the following financial guarantees were outstanding:
March 31, 2024December 31, 2023
(dollars in millions)Maximum Potential PaymentCarrying Amount of LiabilityMaximum Potential PaymentCarrying Amount of Liability
Commercial aerospace financing arrangements$286 $— $288 $— 
Third party guarantees365 1 386 1 
Product Warranty Disclosure
The changes in the carrying amount of service and product warranties and product performance guarantees for the quarters ended March 31, 2024 and 2023 were as follows:
(dollars in millions)20242023
Balance as of January 1$1,091 $1,109 
Warranties and performance guarantees issued65 69 
Settlements(71)(84)
Other(1)(1)
Balance as of March 31$1,084 $1,093