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Warranty Liability
6 Months Ended
Jun. 30, 2015
Warranty Liability  
Warranty Liability

 

H. WARRANTY LIABILITY

 

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

 

 

 

Six Months Ended

 

Twelve Months Ended

 

 

 

June 30, 2015

 

December 31, 2014

 

 

 

 

 

 

 

Balance at January 1

 

$

135

 

$

124

 

Accruals for warranties issued during the period

 

25

 

51

 

Accruals related to pre-existing warranties

 

3

 

11

 

Settlements made (in cash or kind) during the period

 

(24

)

(46

)

Other, net (including currency translation)

 

(1

(5

)

 

 

 

 

 

 

Balance at end of period

 

$

138

 

$

135