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Guarantees (Tables)
 6 Months Ended
Jun. 30, 2023
Guarantees [Abstract]  
Schedule of Guarantees As of June 30, 2023 and December 31, 2022, the following financial guarantees were outstanding:
June 30, 2023December 31, 2022
(dollars in millions)Maximum Potential PaymentCarrying Amount of LiabilityMaximum Potential PaymentCarrying Amount of Liability
Commercial aerospace financing arrangements$304 $— $304 $— 
Third party guarantees405 1 335 1 
Product Warranty Disclosure
The changes in the carrying amount of service and product warranties and product performance guarantees for the six months ended June 30, 2023 and 2022 were as follows:
(dollars in millions)20232022
Balance as of January 1$1,109 $1,157 
Warranties and performance guarantees issued124 128 
Settlements(160)(131)
Other6 (11)
Balance as of June 30$1,079 $1,143