Note 16 - Warranty Obligations

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Product Warranty Disclosure [Text Block]

Note 16.  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 —

	2023			2022			2021
Balance, beginning of period	$	108		$	107		$	98
Amounts accrued for current period sales		51			44			38
Adjustments of prior estimates		14			6			11
Settlements of warranty claims		(56	)		(46	)		(28	)
Divestitures								(10	)
Currency impact		(1	)		(3	)		(2	)
Balance, end of period	$	116		$	108		$	107