| Accrued and Other Liabilities |
Accrued and Other Liabilities | | | | | | | | | | | | | December 31, 2024 | | December 31, 2023 | | Accrued liabilities | | | | | Dealer and customer allowances, claims and discounts | $ | 7,270 | | | $ | 6,065 | | | Deferred revenue | 3,371 | | | 2,802 | | | Product warranty and related liabilities | 4,555 | | | 3,285 | | | Payrolls and employee benefits excluding postemployment benefits | 3,221 | | | 3,099 | | | Other(a) | 12,737 | | | 12,113 | | | Total accrued liabilities | $ | 31,154 | | | $ | 27,364 | | | | | | | Other liabilities | | | | | Deferred revenue | $ | 5,940 | | | $ | 5,019 | | | Product warranty and related liabilities | 6,016 | | | 6,011 | | | Operating lease liabilities | 961 | | | 907 | | | Employee benefits excluding postemployment benefits | 501 | | | 518 | | | Postemployment benefits including facility idling reserves | 154 | | | 151 | | | Other(a) | 4,265 | | | 3,909 | | | Total other liabilities | $ | 17,836 | | | $ | 16,515 | |
__________ (a)Includes amounts related to product liability, breach of warranty and other legal and environmental-related accruals of $3.4 billion and $2.9 billion at December 31, 2024 and 2023 | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | 2024 | | 2023 | | 2022 | | Product Warranty and Related Liabilities | | | | | | | Warranty balance at beginning of period | $ | 9,295 | | | $ | 8,530 | | | $ | 9,774 | | | Warranties issued and assumed in period – recall campaigns | 997 | | | 864 | | | 651 | | | Warranties issued and assumed in period – product warranty | 3,621 | | | 2,418 | | | 1,943 | | | Payments | (4,474) | | | (4,009) | | | (4,097) | | | Adjustments to pre-existing warranties | 1,237 | | | 1,462 | | | 297 | | | Effect of foreign currency and other | (106) | | | 31 | | | (37) | | | Warranty balance at end of period | 10,571 | | | 9,295 | | | 8,530 | | | Less: Supplier recoveries balance at end of period(a) | 438 | | | 646 | | | 1,184 | | | Warranty balance, net of supplier recoveries at end of period | $ | 10,133 | | | $ | 8,649 | | | $ | 7,345 | |
__________ (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. | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | 2024 | | 2023 | | 2022 | Product warranty expense, net of recoveries | | | | | | | Warranties issued and assumed in period | $ | 4,618 | | | $ | 3,282 | | | $ | 2,593 | | Supplier recoveries accrued in period | (297) | | | 3 | | | (261) | | | Adjustments and other | 1,131 | | | 1,493 | | | 260 | | Warranty expense, net of supplier recoveries | $ | 5,452 | | | $ | 4,778 | | | $ | 2,592 | |
For estimates related to reasonably possible losses in excess of amounts accrued for recall campaigns, refer to Note 16 for additional information.
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