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Guarantees

3 Months Ended

Mar. 31, 2017

Service and Product Warranties and Product Performance Guarantees [Abstract]

Guarantees [Text Block]

Guarantees

We extend a variety of financial, market value and product performance guarantees to third parties. There have been no material changes to guarantees outstanding since December 31, 2016. The changes in the carrying amount of service and product warranties and product performance guarantees for the quarter ended March 31, 2017 and 2016 are as follows:

(Dollars in millions)		2017				2016
Balance as of January 1		$	1,199			$	1,212
Warranties and performance guarantees issued		78				76
Settlements made		(56		)		(62		)
Other		1				10
Balance as of March 31		$	1,222			$	1,236

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- Definition

The entire disclosure for each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

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- Definition

Service and Product Warranties and Product Performance Guarantees [Abstract]

+ References

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