XML 48 R29.htm IDEA: XBRL DOCUMENT v3.25.1
Product-Related Liabilities (Tables)
3 Months Ended
Mar. 31, 2025
Product Warranties Disclosures [Abstract]  
Schedule of Change in Balance Sheet Position of Product-Related Liabilities

The table below summarizes the change in the balance sheet position of the product-related liabilities (dollars in millions). The reserve for product-related liabilities is included in accrued expenses and other non-current liabilities on the Condensed Consolidated Balance Sheets. A majority of the Company’s product-related liabilities as of March 31, 2025 are covered by insurance. Insurance receivables are included within other current assets and other non-current assets on the Condensed Consolidated Balance Sheets. As of March 31, 2025, the Company had total insurance receivables of $54 million.

 

 

 

Three Months Ended March 31,

 

 

 

2025

 

 

2024

 

Reserve at beginning of the period

 

$

65

 

 

$

96

 

Change in reserve

 

 

8

 

 

 

(8

)

Cash payments

 

 

(3

)

 

 

(10

)

Translation difference

 

 

1

 

 

 

(1

)

Reserve at end of the period

 

$

71

 

 

$

78