Commitments (Tables)

6 Months Ended

Jun. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Changes in warranty liabilities

Changes in the company’s warranty liability for standard warranties, which are included in other accrued expenses and liabilities and other liabilities in the Consolidated Balance Sheet, and for extended warranty contracts, which are included in deferred income in the Consolidated Balance Sheet, are presented in the following tables.

Standard Warranty Liability

(Dollars in millions)	2023		2022
Balance at January 1	$	79	$	77
Current-period accruals	35		39
Accrual adjustments to reflect actual experience	(14)		(1)
Charges incurred	(43)		(41)
Balance at June 30	$	57	$	74

Extended Warranty Liability

(Dollars in millions)	2023		2022
Balance at January 1	$	272	$	350
Revenue deferred for new extended warranty contracts	20		84
Amortization of deferred revenue	(73)		(83)
Other*	(1)		(12)
Balance at June 30	$	218	$	339
Current portion	$	119	$	172
Noncurrent portion	$	99	$	167

*Other primarily consists of foreign currency translation adjustments.