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Note 15 - Warranty Obligations
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Product Warranty Disclosure [Text Block]

Note 15.  Warranty Obligations

 

We record a liability for estimated warranty obligations at the dates our products are sold. We record the liability based on our estimate of costs to settle future claims. Adjustments to our estimated costs at time of sale are made as claim experience and other new information becomes available. Obligations for service campaigns and other occurrences are recognized as adjustments to prior estimates when the obligation is probable and can be reasonably estimated.

 

Changes in warranty liabilities —

 

  

2024

  

2023

  

2022

 

Balance, beginning of period

 $116  $108  $107 

Amounts accrued for current period sales

  53   51   44 

Adjustments of prior estimates

  17   14   6 

Settlements of warranty claims

  (61)  (56)  (46)

Currency impact

  (2)  (1)  (3)

Balance, end of period

 $123  $116  $108