Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Summary of Recent Approximate Asbestos Claims Activity

A summary of recent approximate asbestos claims activity follows. Because claims are often filed and disposed of by dismissal or settlement in large numbers, the amount and timing of settlements and the number of open claims during a particular period can fluctuate significantly.

(Dollars in millions)	2023			2022			2021
Pending claims, beginning of year		37,200			38,200			38,700
New claims filed during the year		900			900			1,000
Claims settled/dismissed		(2,300	)		(1,900	)		(1,500	)
Pending claims, end of year		35,800			37,200			38,200
Payments(1)	$	15		$	16		$	15

(1)Represents cash payments made during the period by us and our insurers on asbestos litigation defense and claim resolution.

Changes in the Warranty Reserve

The following table presents changes in the warranty reserve during 2023 and 2022:

(In millions)	2023			2022
Balance at January 1	$	28		$	37
Payments made during the period		(19	)		(43	)
Expense recorded during the period		12			35
Translation adjustment		—			(1	)
Balance at December 31	$	21		$	28