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Commitments (Tables)
6 Months Ended
Jun. 30, 2016
Commitments:  
Changes in warranty liabilities

Standard Warranty Liability

(Dollars in millions)

 

2016

 

2015

 

Balance at January 1

 

$

181

 

$

197

 

Current period accruals

 

74

 

82

 

Accrual adjustments to reflect actual experience

 

3

 

9

 

Charges incurred

 

(89

)

(100

)

 

 

 

 

 

 

Balance at June 30

 

$

169

 

$

188

 

 

 

 

 

 

 

 

 

 

Extended Warranty Liability

(Dollars in millions)

 

2016

 

2015

 

Aggregate deferred revenue at January 1

 

$

538

 

$

536

 

Revenue deferred for new extended warranty contracts

 

122

 

122

 

Amortization of deferred revenue

 

(134

)

(126

)

Other*

 

9

 

(20

)

 

 

 

 

 

 

Aggregate deferred revenue at June 30

 

$

535

 

$

512

 

 

 

 

 

 

 

 

 

Current portion

 

$

241

 

$

245

 

Noncurrent portion

 

$

294

 

$

267

 

 

* Other primarily consists of foreign currency translation adjustments.