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Warranty Liability
3 Months Ended
Mar. 31, 2015
Warranty Liability  
Warranty Liability

 

H. WARRANTY LIABILITY

 

Changes in our warranty liability were as follows, in millions:

 

 

 

Three Months Ended

 

Twelve Months Ended

 

 

 

March 31, 2015

 

December 31, 2014

 

 

 

 

 

 

 

Balance at January 1

 

$

135

 

$

124

 

Accruals for warranties issued during the period

 

13

 

51

 

Accruals related to pre-existing warranties

 

2

 

11

 

Settlements made (in cash or kind) during the period

 

(12

)

(46

)

Other, net (including currency translation)

 

(2

)

(5

)

Balance at end of period

 

$

136

 

$

135