OTHER LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2023

Other Liabilities Disclosure [Abstract]

Summary of Other Liabilities

A summary of other liabilities as of September 30, 2023 and December 31, 2022 is as follows (in millions of dollars):

	September 30, 2023		December 31, 2022
Warranty and campaign programs	$	566	$	544
Marketing and sales incentive programs	2,159		1,556
Tax payables	507		506
Accrued expenses and deferred income	886		700
Accrued employee benefits	511		535
Lease liabilities	241		228
Legal reserves and other provisions	304		263
Contract reserve	19		16
Contract liabilities	43		33
Restructuring reserve	17		30
Other	372		436
Total	$	5,625	$	4,847

Summary of Basic Warranty and Accruals for Campaign Programs

A summary of recorded activity for the three and nine months ended September 30, 2023 and 2022 for the basic warranty and accruals for campaign programs are as follows (in millions of dollars):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Balance beginning of period	$	588	$	484	$	544	$	526
Current year additions	131		118		396		303
Claims paid	(143)		(110)		(370)		(320)
Currency translation adjustment and other	(10)		(17)		(4)		(34)
Balance end of period	$	566	$	475	$	566	$	475