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Commitments and Contingent Liabilities (Tables)

12 Months Ended

Dec. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Summary of Recent Approximate Asbestos Claims Activity

A summary of recent approximate asbestos claims activity follows. Because claims are often filed and disposed of by dismissal or settlement in large numbers, the amount and timing of settlements and the number of open claims during a particular period can fluctuate significantly.

(Dollars in millions)		2024				2023				2022
Pending claims, beginning of year			35,800				37,200				38,200
New claims filed during the year			900				900				900
Claims settled/dismissed			(1,300	)			(2,300	)			(1,900	)
Pending claims, end of year			35,400				35,800				37,200
Payments(1)		$	14			$	15			$	16

(1)Represents cash payments made during the period by us and our insurers on asbestos litigation defense and claim resolution.

Summary Of Changes in the Warranty Reserve

The following table presents changes in the warranty reserve during 2024 and 2023:

(In millions)		2024				2023
Balance at January 1		$	21			$	28
Payments made during the period			(20	)			(19	)
Expense recorded during the period			14				12
Balance at December 31		$	15			$	21

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- Definition

Number Of Claims Filed.

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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

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