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Guarantees (Tables) | 9 Months Ended
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Sep. 30, 2020
Service and Product Warranties and Product Performance Guarantees [Abstract] |
Schedule of guarantees | As of September 30, 2020 and December 31, 2019, the following guarantees related to continuing operations were outstanding:
(dollars in millions) | September 30, 2020 |  |  |  | December 31, 2019 |  |
| Maximum Potential Payment |  | Carrying Amount of Liability |  | Maximum Potential Payment |  | Carrying Amount of Liability
Commercial aerospace financing arrangements | $ | 333 |  |  | $ | 8 |  |  | $ | 333 |  |  | $ | 7 |
Third party guarantees(1) | 374 |  |  | 4 |  |  | 48 |  |  | — |
(1) Increase in guarantees is primarily due to the Raytheon Merger.
Product Warranty Disclosure [Table Text Block] | The changes in the carrying amount of service and product warranties and product performance guarantees for the nine months ended September 30, 2020 and 2019 are as follows:
(dollars in millions) |  | 2020 |  | 2019
Balance as of January 1 |  | $ | 1,033 |  |  | $ | 929 |
Warranties and performance guarantees issued |  | 206 |  |  | 325 |
Settlements |  | (229) |  |  | (233) |
Other |  | (10) |  |  | (3) |
Balance as of September 30 |  | $ | 1,000 |  |  | $ | 1,018 |

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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249 + Details
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- Definition Schedule of guarantees + References No definition available. + Details
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