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Guarantees (Tables)
 6 Months Ended
Jun. 30, 2020
Service and Product Warranties and Product Performance Guarantees [Abstract]  
Schedule of guarantees As of June 30, 2020 and December 31, 2019, the following guarantees related to continuing operations were outstanding:
(dollars in millions)June 30, 2020December 31, 2019
Maximum Potential PaymentCarrying Amount of LiabilityMaximum Potential PaymentCarrying Amount of Liability
Commercial aerospace financing arrangements$333  $8  $333  $7  
Third party guarantees(1)
365  4  48  —  
(1)  Increase in guarantees is primarily due to the Raytheon Merger.
Product Warranty Disclosure [Table Text Block] The changes in the carrying amount of service and product warranties and product performance guarantees for the six months ended June 30, 2020 and 2019 are as follows:
(dollars in millions)20202019
Balance as of January 1$1,033  $929  
Warranties and performance guarantees issued149  212  
Settlements(154) (155) 
Other(20) 9  
Balance as of June 30$1,008  $995