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Commitments (Tables)
9 Months Ended
Sep. 30, 2016
Commitments:  
Changes in warranty liabilities

Standard Warranty Liability

 

(Dollars in millions)

 

2016

 

2015

 

Balance at January 1

 

$

181

 

$

197

 

Current period accruals

 

107

 

117

 

Accrual adjustments to reflect actual experience

 

4

 

4

 

Charges incurred

 

(132

)

(147

)

 

 

 

 

 

 

Balance at September 30

 

$

160

 

$

172

 

 

 

 

 

 

 

 

 

 

Extended Warranty Liability

 

(Dollars in millions)

 

2016

 

2015

 

Aggregate deferred revenue at January 1

 

$

538

 

$

536

 

Revenue deferred for new extended warranty contracts

 

176

 

182

 

Amortization of deferred revenue

 

(198

)

(192

)

Other*

 

12

 

(28

)

 

 

 

 

 

 

Aggregate deferred revenue at September 30

 

$

528

 

$

498

 

 

 

 

 

 

 

 

 

Current portion

 

$

287

 

$

232

 

Noncurrent portion

 

$

241

 

$

267

 

 

 

* Other primarily consists of foreign currency translation adjustments.