Note 13 - Warranty Obligations

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Product Warranty Disclosure [Text Block]

Note 13. Warranty Obligations

We record a liability for estimated warranty obligations at the dates our products are sold. We record the liability based on our estimate of costs to settle future claims. Adjustments to our estimated costs at time of sale are made as claim experience and other new information becomes available. Obligations for service campaigns and other occurrences are recognized as adjustments to prior estimates when the obligation is probable and can be reasonably estimated.

Changes in warranty liabilities — 

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2023			2022			2023			2022
Balance, beginning of period	$	106		$	100		$	108		$	107
Amounts accrued for current period sales		14			11			37			31
Adjustments of prior estimates		3						11			(4	)
Settlements of warranty claims		(8	)		(13	)		(40	)		(33	)
Currency impact		(1	)		(3	)		(2	)		(6	)
Balance, end of period	$	114		$	95		$	114		$	95