Product Warranty and Related Liabilities | | | | | | | | | | | | | | | | | Three Months Ended | | | | March 31, 2026 | | March 31, 2025 | | | | | | Product warranty and related liabilities | | | | | | | | | Warranty balance at beginning of period | $ | 13,631 | | | $ | 10,571 | | | | | | | Warranties issued and assumed in period – recall campaigns | 148 | | | 143 | | | | | | | Warranties issued and assumed in period – product warranty | 927 | | | 789 | | | | | | | Payments | (1,415) | | | (1,203) | | | | | | | Adjustments to pre-existing warranties | 331 | | | 565 | | | | | | | Effect of foreign currency and other | (16) | | | 8 | | | | | | | Warranty balance at end of period | 13,605 | | | 10,873 | | | | | | | Less: Supplier recoveries balance at end of period(a) | 392 | | | 408 | | | | | | | Warranty balance, net of supplier recoveries at end of period | $ | 13,213 | | | $ | 10,465 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
__________ (a)The current portion of supplier recoveries is recorded in Accounts and notes receivable, net of allowance and the non-current portion is recorded in Other assets. | | | | | | | | | | | | | | | | | | Three Months Ended | | | | | March 31, 2026 | | March 31, 2025 | | | | | | Product warranty expense, net of recoveries | | | | | | | | | | Warranties issued and assumed in period | $ | 1,075 | | | $ | 932 | | | | | | | Supplier recoveries accrued in period | (132) | | | (151) | | | | | | | | Adjustments and other | 314 | | | 573 | | | | | | | Warranty expense, net of supplier recoveries | $ | 1,257 | | | $ | 1,354 | | | | | | |
For estimates related to reasonably possible losses in excess of amounts accrued for recall campaigns, refer to Note 13 for additional information.
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