v3.26.1
Product-Related Liabilities (Tables)
6 Months Ended
Jun. 30, 2026
Product Warranties Disclosures [Abstract]  
Schedule of Change in Balance Sheet Position of Product-Related Liabilities

The table below summarizes the change in the balance sheet position of the product-related liabilities (dollars in millions). The reserve for product-related liabilities is included in accrued expenses and other non-current liabilities on the Condensed Consolidated Balance Sheets. The Company’s product-related liabilities as of June 30, 2026 are partly covered by insurance. Insurance receivables are included within other current assets and other non-current assets on the Condensed Consolidated Balance Sheets. As of June 30, 2026, the Company had total insurance receivables of $14 million.

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Reserve at beginning of the period

 

$

83

 

 

$

71

 

 

$

87

 

 

$

65

 

Net change in reserve

 

 

11

 

 

 

7

 

 

 

23

 

 

 

15

 

Cash payments

 

 

(11

)

 

 

(11

)

 

 

(26

)

 

 

(14

)

Translation difference

 

 

(0

)

 

 

2

 

 

 

(1

)

 

 

3

 

Reserve at end of the period

 

$

82

 

 

$

69

 

 

$

82

 

 

$

69