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v3.21.2

Guarantees (Details) - USD ($) $ in Millions | 9 Months Ended |
--- | --- | ---
Sep. 30, 2021 | Sep. 30, 2020 | Dec. 31, 2020
Product Warranty Liability [Line Items] |  |  |
Balance as of January 1 | $ 1,057 | $ 1,033 |
Warranties and performance guarantees issued | 247 | 206 |
Settlements made | (212) | (229) |
Other | (3) | (10) |
Balance as of September 30 | 1,089 | $ 1,000 |
Commercial Aerospace Financing Arrangements |  |  |
Product Warranty Liability [Line Items] |  |  |
Maximum Potential Payment | 314 |  | $ 322
Carrying Amount of Liability | 6 |  | 6
Guarantee Type, Other |  |  |
Product Warranty Liability [Line Items] |  |  |
Carrying Amount of Liability | 114 |  | 120
Third Party Guarantees |  |  |
Product Warranty Liability [Line Items] |  |  |
Maximum Potential Payment | 376 |  | 386
Carrying Amount of Liability | 2 |  | 3
Commercial Aerospace [Member] |  |  |
Product Warranty Liability [Line Items] |  |  |
Partner Share of Guarantor Obligations, Maximum Exposure, Undiscounted | $ 144 |  | $ 142

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- Definition Maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees before reduction for potential recoveries under recourse or collateralization provisions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 4 -Subparagraph (b)(1) -URI http://asc.fasb.org/extlink&oid=124440162&loc=d3e12069-110248 + Details
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