v3.25.2
Guarantees and Product Warranty (Tables)
6 Months Ended
Jun. 30, 2025
Guarantees and Product Warranties [Abstract]  
Summary of product warranty
The reconciliation of the change in our product warranty liability balances for the six months ended June 30 was as follows:

Six Months Ended June 30,
(Millions of dollars)20252024
Warranty liability, beginning of period$1,700 $1,894 
Reduction in liability (payments)(172)(387)
Increase in liability (new warranties) 141 276 
Warranty liability, end of period$1,669 $1,783