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Warranty
6 Months Ended
Jun. 30, 2014
Warranty  
Warranty

G.                        Changes in the Company’s warranty liability were as follows, in millions:

 

 

 

Six Months Ended

 

Twelve Months Ended

 

 

 

June 30, 2014

 

December 31, 2013

 

 

 

 

 

 

 

Balance at January 1

 

$

124

 

$

118

 

Accruals for warranties issued during the period

 

23

 

42

 

Accruals related to pre-existing warranties

 

5

 

6

 

Settlements made (in cash or kind) during the period

 

(23

)

(42

)

Other, net

 

(1

)

 

Balance at end of period

 

$

128

 

$

124