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Product Warranty and Related Liabilities
9 Months Ended
Sep. 30, 2024
Accrued Liabilities and Other Liabilities [Abstract]  
Product Warranty and Related Liabilities Product Warranty and Related Liabilities
Three Months EndedNine Months Ended
September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Product Warranty and Related Liabilities
Warranty balance at beginning of period$10,043 $8,741 $9,295 $8,530 
Warranties issued and assumed in period – recall campaigns171 157 826 707 
Warranties issued and assumed in period – product warranty1,143 693 2,699 1,748 
Payments(1,152)(1,017)(3,206)(3,044)
Adjustments to pre-existing warranties444 147 1,080 758 
Effect of foreign currency and other11 (22)(35)— 
Warranty balance at end of period10,660 8,699 10,660 8,699 
Less: Supplier recoveries balance at end of period(a)512 82 512 82 
Warranty balance, net of supplier recoveries at end of period$10,147 $8,616 $10,147 $8,616 
__________
(a)The current portion of supplier recoveries is recorded in Accounts and notes receivable, net of allowance and the non-current portion is recorded in Other assets.
Three Months EndedNine Months Ended
September 30, 2024September 30, 2023September 30, 2024September 30, 2023
Product Warranty Expense, Net of Recoveries
Warranties issued and assumed in period$1,314 $850 $3,525 $2,455 
Supplier recoveries accrued in period
(78)(53)(216)636 
Adjustments and other455 125 1,045 759 
Warranty expense, net of supplier recoveries
$1,691 $922 $4,354 $3,850 

In the three and nine months ended September 30, 2024, we recorded insignificant charges to supplier recoveries and in the nine months ended September 30, 2023, we recorded $792 million in charges to supplier recoveries related to a settlement for Chevrolet Bolt recall costs. For estimates related to reasonably possible losses in excess of amounts accrued for recall campaigns, refer to Note 13 to our condensed consolidated financial statements for additional information.