Quarterly report pursuant to Section 13 or 15(d)

PRODUCT WARRANTY LIABILITY (Details 1) Warranty Footnote Disclosure

v3.24.3
PRODUCT WARRANTY LIABILITY (Details 1) Warranty Footnote Disclosure - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Product Warranties Disclosures [Abstract]          
Balance, beginning of year     $ 2,497 $ 2,477  
Provision for base warranties issued     490 458  
Deferred revenue on extended warranty contracts sold     263 244  
Provision for product campaigns issued     48 17  
Payments made during period     (533) (429)  
Amortization of deferred revenue on extended warranty contracts     (222) (226)  
Changes in estimates for pre-existing product warranties and campaigns     94 19  
Foreign currency translation adjustments and other     (7) (2)  
Balance, end of period $ 2,630 $ 2,558 2,630 2,558  
Supplier recoveries 4 $ 7 38 $ 19  
Product Warranty Liability          
Current portion of warranty related deferred revenue 1,225   1,225   $ 1,220
Long term portion of warranty related deferred revenue 1,090   1,090   966
Deferred Revenue Related to extended coverage, Total 1,098   1,098   1,053
Current portion of accrued product warranty 685   685   667
Long-term portion of accrued product warranty 847   847   777
Standard Product Warranty Accrual 1,532   1,532   1,444
Current portion of deferred revenue          
Product Warranty Liability          
Current portion of warranty related deferred revenue 287   287   279
Deferred revenue          
Product Warranty Liability          
Long term portion of warranty related deferred revenue 811   811   774
Current portion of accrued product warranty          
Product Warranty Liability          
Current portion of accrued product warranty 685   685   667
Other Liabilities          
Product Warranty Liability          
Long-term portion of accrued product warranty $ 847   $ 847   $ 777