v3.25.2
PRODUCT WARRANTIES (Tables)
12 Months Ended
Dec. 31, 2024
Guarantees [Abstract]  
Schedule of Product Warranty Liability
The changes in the carrying amount of warranty related provisions are as follows:

(In millions)20242023
Balance as of January 1,$568 $544 
Warranties, performance guarantees issued and changes in estimated liability327 239 
Settlements made(346)(194)
Other(11)
Acquisitions (1)
232 — 
Reclassified to held for sale (2)
— (10)
Balance as of December 31,$786 $568 
(1) See Note 19 - Acquisitions for additional information.
(2) See Note 20 - Divestitures for additional information.