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Other Liabilities (Tables)
 12 Months Ended
Dec. 31, 2024
Other Liabilities Disclosure [Abstract]  
Schedule of other liabilities
A summary of “Other liabilities” as of December 31, 2024 and 2023 is as follows:
(in millions of dollars)
20242023
Warranty and campaign programs$633 $610 
Marketing and sales incentive programs2,075 2,433 
Tax payables243 704 
Accrued expenses and deferred income917 946 
Accrued employee benefits376 524 
Lease liabilities 282 300 
Legal reserves and other provisions390 342 
Contract liabilities72 50 
Restructuring reserve30 43 
Other345 355 
Total$5,363 $6,307 
Schedule of recorded activity for the basic warranty and campaign program accrual A summary of recorded activity for the basic warranty and campaign program accrual for the years ended December 31, 2024 and 2023 are as follows:
(in millions of dollars)
20242023
Balance at beginning of year$610 $544 
Current year additions628 566 
Claims paid(570)(510)
Currency translation adjustment and other(35)10 
Balance at end of year$633 $610 
Schedule of restructuring activity
The following table sets forth restructuring activity for the years ended December 31, 2024, 2023 and 2022:
(in millions of dollars)
Severance and Other Employee Costs
Facility Related
Costs
Other
Restructuring
Total
Balance at January 1, 2022$17 $11 $1 $29 
Restructuring charges23 4 4 31 
Reserves utilized: cash(12)(3)(3)(18)
Reserves utilized: non-cash(2)(9)— (11)
Currency translation adjustments(1)— — (1)
Balance at December 31, 202225 3 2 30 
Restructuring charges36 23 8 67 
Reserves utilized: cash(19)(23)(12)(54)
Reserves utilized: non-cash(3)1 2 — 
Currency translation adjustments— — — — 
Balance at December 31, 202339 4 — 43 
Restructuring charges81 17 20 118 
Reserves utilized: cash(99)(5)(14)(118)
Reserves utilized: non-cash(2)(5)(7)(14)
Currency translation adjustments(4)(3)8 1 
Balance at December 31, 2024$15 $8 $7 $30