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Guarantees | 6 Months Ended
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Dec. 31, 2021
Guarantees [Abstract] |
Guarantees | Indemnification Obligations The Company from time to time enters into agreements with customers, suppliers, partners and others in the ordinary course of business that provide indemnification for certain matters including, but not limited to, intellectual property infringement claims, environmental claims and breach of agreement claims. The nature of the Company’s indemnification obligations prevents the Company from making a reasonable estimate of the maximum potential amount it could be required to pay. Historically, the Company has not made any significant indemnification payments under such agreements and no amount has been accrued in the Company’s condensed consolidated financial statements with respect to these indemnification obligations. Product Warranty The Company estimates probable product warranty costs at the time revenue is recognized. The Company generally warrants its products for a period of 1 to 5 years. The Company uses estimated repair or replacement costs and uses statistical modeling to estimate product warranty return rates in order to determine its warranty obligation. Changes in the Company’s product warranty liability during the six months ended December 31, 2021 and January 1, 2021 were as follows:
|  | For the Six Months Ended |
(Dollars in millions) |  | December 31, 2021 |  | January 1, 2021 |
Balance, beginning of period |  | $ | 136 |  |  | $ | 151 |  |
Warranties issued |  | 43 |  |  | 37 |  |
Repairs and replacements |  | (43) |  |  | (42) |  |
Changes in liability for pre-existing warranties, including expirations |  | 8 |  |  | (9) |  |
Balance, end of period |  | $ | 144 |  |  | $ | 137 |  |

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- References No definition available. + Details
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- Definition The entire disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -URI http://asc.fasb.org/topic&trid=2155896 + Details
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