Guarantees (Tables)

12 Months Ended

Dec. 31, 2022

Guarantees [Abstract]

Schedule of Guarantor Obligations

As of December 31, 2022 and 2021, the following financial guarantees were outstanding:

	December 31, 2022				December 31, 2021
(dollars in millions)	Maximum Potential Payment		Carrying Amount of Liability		Maximum Potential Payment		Carrying Amount of Liability
Commercial aerospace financing arrangements	$	304	$	—	$	309	$	3
Third party guarantees	335		1		511		5

Product Warranty Disclosure

The changes in the carrying amount of service and product warranties and product performance guarantees for the years ended December 31 were as follows:

(dollars in millions)	2022		2021		2020
Balance as of January 1	$	1,157	$	1,057	$	1,033
Warranties and performance guarantees issued	264		380		311
Settlements	(284)		(272)		(292)
Other	(28)		(8)		5
Balance as of December 31	$	1,109	$	1,157	$	1,057