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Guarantees | 6 Months Ended
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Jun. 30, 2019
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 financial guarantees outstanding since December 31, 2018. The changes in the carrying amount of service and product warranties and product performance guarantees for the six months ended June 30, 2019 and 2018 are as follows:
(dollars in millions) |  | 2019 |  | 2018
Balance as of January 1 |  | $ | 1,449 |  |  | $ | 1,146 |
Warranties and performance guarantees issued |  | 309 |  |  | 233 |
Settlements made |  | (241 | ) |  | (200 | )
Other |  | 5 |  |  | (7 | )
Balance as of June 30 |  | $ | 1,522 |  |  | $ | 1,172 |

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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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -URI http://asc.fasb.org/topic&trid=2155896 + Details
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- Definition Service and Product Warranties and Product Performance Guarantees [Abstract] + References No definition available. + Details
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