Guarantees (Tables)

3 Months Ended

Mar. 31, 2023

Guarantees [Abstract]

Schedule of Guarantees

As of March 31, 2023 and December 31, 2022, the following financial guarantees were outstanding:

	March 31, 2023				December 31, 2022
(dollars in millions)	Maximum Potential Payment		Carrying Amount of Liability		Maximum Potential Payment		Carrying Amount of Liability
Commercial aerospace financing arrangements	$	304	$	—	$	304	$	—
Third party guarantees	395		1		335		1

Product Warranty Disclosure

The changes in the carrying amount of service and product warranties and product performance guarantees for the quarters ended March 31, 2023 and 2022 were as follows:

(dollars in millions)	2023		2022
Balance as of January 1	$	1,109	$	1,157
Warranties and performance guarantees issued	69		71
Settlements	(84)		(74)
Other	(1)		—
Balance as of March 31	$	1,093	$	1,154