| | | | | | | | | | | | | | | | | | | Three Months Ended | | | | | | March 31, 2024 | | March 31, 2023 | | Product Warranty and Related Liabilities | | | | | | | | | Warranty balance at beginning of period | | | | | $ | 9,295 | | | $ | 8,530 | | | Warranties issued and assumed in period – recall campaigns | | | | | 266 | | | 236 | | | Warranties issued and assumed in period – product warranty | | | | | 668 | | | 490 | | | Payments | | | | | (1,024) | | | (1,058) | | | Adjustments to pre-existing warranties | | | | | 174 | | | 279 | | | Effect of foreign currency and other | | | | | (24) | | | 5 | | | Warranty balance at end of period | | | | | 9,356 | | | 8,482 | | | Less: Supplier recoveries balance at end of period(a) | | | | | 630 | | | 1,157 | | | Warranty balance, net of supplier recoveries at end of period | | | | | $ | 8,726 | | | $ | 7,325 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
__________ (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, 2024 | | March 31, 2023 | | Product Warranty Expense, Net of Recoveries | | | | | | | | | | Warranties issued and assumed in period | | | | | $ | 934 | | | $ | 726 | | | Supplier recoveries accrued in period | | | | | (58) | | | (44) | | | | Adjustments and other | | | | | 150 | | | 284 | | | Warranty expense, net of supplier recoveries | | | | | $ | 1,026 | | | $ | 966 | | |
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