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Guarantees (Tables)
12 Months Ended
Dec. 31, 2024
Guarantees [Abstract]  
Schedule of Guarantor Obligations As of December 31, 2024 and 2023, the following financial guarantees were outstanding:
December 31, 2024December 31, 2023
(dollars in millions)Maximum Potential PaymentCarrying Amount of LiabilityMaximum Potential PaymentCarrying Amount of Liability
Commercial aerospace financing arrangements$274 $ $288 $— 
Third party guarantees79 1 386 
Product Warranty Disclosure
The changes in the carrying amount of service and product warranties and product performance guarantees for the years ended December 31 were as follows:
(dollars in millions)202420232022
Balance as of January 1$1,091 $1,109 $1,157 
Warranties and performance guarantees issued216 305 264 
Settlements(247)(308)(284)
Other(67)(15)(28)
Balance as of December 31$993 $1,091 $1,109