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COMMITMENTS AND CONTINGENCIES (Tables)
6 Months Ended
Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Product Warranty Reserves The following table summarizes the changes in total product warranty liability reserves for the periods presented:
Product Warranty
Millions of dollars20232022
Balance at January 1 (1)
$190 $286 
Issuances/accruals during the period109 119 
Settlements made during the period/other(106)(147)
Balance at June 30
$193 $258 
Current portion$129 $170 
Non-current portion64 88 
Total$193 $258 
(1) Product warranty reserve of $59 million of our European major domestic appliance business has been transferred to liabilities held for sale starting from the fourth quarter of 2022.