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Guarantees (Tables)
 6 Months Ended
Jun. 30, 2022
Service and Product Warranties and Product Performance Guarantees [Abstract]  
Schedule of guarantees As of June 30, 2022 and December 31, 2021, the following financial guarantees were outstanding:
June 30, 2022December 31, 2021
(dollars in millions)Maximum Potential PaymentCarrying Amount of LiabilityMaximum Potential PaymentCarrying Amount of Liability
Commercial aerospace financing arrangements$304 $— $309 $3 
Third party guarantees486 1 511 5 
Product Warranty Disclosure The changes in the carrying amount of service and product warranties and product performance guarantees for the six months ended June 30, 2022 and 2021 were as follows:
(dollars in millions)20222021
Balance as of January 1$1,157 $1,057 
Warranties and performance guarantees issued128 176 
Settlements(131)(128)
Other(11)(3)
Balance as of June 30$1,143 $1,102