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COMMITMENTS AND CONTINGENCIES (Tables) | 3 Months Ended
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Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Product Warranty Reserves | The following table summarizes the changes in total product warranty liability reserves for the periods presented:
|  | Product Warranty
Millions of dollars |  | 2024 |  | 2023
Balance at January 1 (1) |  | $ | 206 |  |  | $ | 190 |
Issuances/accruals during the period |  | 72 |  |  | 58
Settlements made during the period/other |  | (80) |  |  | (56) |
Liabilities classified to held for sale (1) |  | 3 |  |  | — |
Balance at March 31 |  | $ | 201 |  |  | $ | 192 |
Current portion |  | $ | 128 |  |  | $ | 131 |
Non-current portion |  | 73 |  |  | 61 |
Total |  | $ | 201 |  |  | $ | 192 |
(1) Starting from the fourth quarter of 2022, product warranty reserve, and subsequent movements of the reserve, of our European major domestic appliance business has been transferred to liabilities held for sale.

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- Definition Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 460 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482425/460-10-50-8 + Details
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