GUARANTEES (Tables)

6 Months Ended

Jun. 30, 2020

Guarantees [Abstract]

Schedule of Product Warranty Liability

The changes in the carrying amount of service and product warranties and product performance guarantees, included in Accrued liabilities on the accompanying Unaudited Condensed Consolidated Balance Sheet, for the six months ended June 30, 2020 and 2019 are as follows:

	For the Six Months Ended June 30,
(dollars in millions)	2020		2019
Balance as of January 1	$	488	$	473
Warranties, performance guarantees issued and changes in estimated liability	105		93
Settlements made	(92)		(76)
Balance as of June 30	$	501	$	490