Quarterly report pursuant to Section 13 or 15(d)

PRODUCT WARRANTY LIABILITY

v3.10.0.1
PRODUCT WARRANTY LIABILITY
 6 Months Ended
Jul. 01, 2018
Product Warranties Disclosures [Abstract]  
PRODUCT WARRANTY LIABILITY NOTE 10. PRODUCT WARRANTY LIABILITY
A tabular reconciliation of the product warranty liability, including the deferred revenue related to our extended warranty coverage and accrued recall programs was as follows:
 
In millions 
 
July 1,
2018
 
July 2,
2017
Balance, beginning of year
 
$
1,687

 
$
1,414

Provision for warranties issued
 
222

 
182

Deferred revenue on extended warranty contracts sold
 
139

 
101

Campaigns (1)
 
403

 
57

Payments
 
(212
)
 
(199
)
Amortization of deferred revenue on extended warranty contracts
 
(118
)
 
(109
)
Changes in estimates for pre-existing warranties
 
10

 
74

Foreign currency translation
 
(6
)
 
1

     Other
 
5

 
—

Balance, end of period
 
$
2,130

 
$
1,521


____________________________________
(1) See NOTE 12, "COMMITMENTS AND CONTINGENCIES," for additional information on campaigns.
Warranty related deferred revenues and the long-term portion of the warranty liabilities on our Condensed Consolidated Balance Sheets were as follows:
In millions
 
July 1,
2018
 
December 31,
2017
 
Balance Sheet Location
Deferred revenue related to extended coverage programs
 
 

 
 
 
 
Current portion
 
$
228

 
$
231

 
Current portion of deferred revenue
Long-term portion
 
558

 
536

 
Other liabilities and deferred revenue
Total
 
$
786

 
$
767

 
 
 
 
 
 
 
 
 
Long-term portion of warranty liability
 
$
880

 
$
466

 
Other liabilities and deferred revenue