Commitments (Tables)

9 Months Ended

Sep. 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	53		58
Accrual adjustments to reflect actual experience	(14)		(1)
Charges incurred	(64)		(62)
Balance at September 30	$	54	$	72

Extended Warranty Liability

(Dollars in millions)	2023		2022
Balance at January 1	$	272	$	350
Revenue deferred for new extended warranty contracts	55		103
Amortization of deferred revenue	(122)		(148)
Other*	(4)		(21)
Balance at September 30	$	201	$	284
Current portion	$	119	$	139
Noncurrent portion	$	82	$	145

*Other primarily consists of foreign currency translation adjustments.