SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2017

SIGNIFICANT ACCOUNTING POLICIES

Changes in warranty liabilities

Standard Warranty Liability

($ in millions)

	2017			2016
Balance at January 1	$	156		$	181
Current period accruals	172			145
Accrual adjustments to reflect experience	(10		)	(6		)
Charges incurred	(165		)	(164		)
Balance at December 31	$	152		$	156

Extended Warranty Liability (Deferred Income)

($ in millions)

	2017			2016
Balance at January 1	$	531		$	538
Revenue deferred for new extended warranty contracts	267			263
Amortization of deferred revenue	(260		)	(267		)
Other*	28			(4		)
Balance at December 31	$	566		$	531
Current portion	$	277		$	264
Noncurrent portion	$	289		$	267

*Other consists primarily of foreign currency translation adjustments.