XML 46 R28.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Product-Related Liabilities (Tables)
 3 Months Ended
Mar. 31, 2024
Product Warranties Disclosures [Abstract]  
Schedule of Change in Balance Sheet Position of Product-Related Liabilities

The table below summarizes the change in the balance sheet position of the product-related liabilities (dollars in millions). The reserve for product related liabilities is included in Accrued expenses and Other non-current liabilities in the Condensed Consolidated Balance Sheets. The Company’s product-related liabilities as of March 31, 2024 are partly covered by insurance. Insurance receivables are included within Other current assets and Other non-current assets in the Condensed Consolidated Balance Sheets. As of March 31, 2024, the Company had total insurance receivables of $58 million.

 

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

Reserve at beginning of the period

 

$

96

 

 

$

145

 

Change in reserve

 

 

(8

)

 

 

1

 

Cash payments

 

 

(10

)

 

 

(5

)

Translation difference

 

 

(1

)

 

 

0

 

Reserve at end of the period

 

$

78

 

 

$

141