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Note 16: Guarantees (Tables)

12 Months Ended

Dec. 31, 2012

Notes to Consolidated Financial Statements [Abstract]

Schedule of Guarantor Obligations [Text Block]

	2012				2011
(Dollars in millions)	Maximum Potential Payment		Carrying Amount of Liability		Maximum Potential Payment		Carrying Amount of Liability
IAE's financing arrangements* (See Note 5)	$	-	$	-	$	989	$	20
Commercial aerospace financing arrangements (See Note 5)		346		7		323		30
Credit facilities and debt obligations - unconsolidated subsidiaries (expire 2013 to 2034)		240		2		239		3
Performance guarantees		33		-		33		-

Product Warranty Disclosure [Text Block]

(Dollars in millions)	2012		2011
Balance as of January 1	$	1,468	$	1,136
Warranties and performance guarantees issued		325		475
Settlements made		(277)		(440)
Other		(184)		297
Balance as of December 31	$	1,332	$	1,468

- Definition

Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

+ References+ Details