Quarterly report pursuant to Section 13 or 15(d)

PRODUCT WARRANTY LIABILITY (Tables)

v3.19.1
PRODUCT WARRANTY LIABILITY (Tables)
 3 Months Ended
Mar. 31, 2019
Product Warranties Disclosures [Abstract]  
Summary of activity in the product warranty account A tabular reconciliation of the product warranty liability, including the deferred revenue related to our extended warranty coverage and accrued product campaigns was as follows:  
In millions
 
March 31,
2019
 
April 1,
2018
Balance, beginning of year
 
$
2,208

 
$
1,687

Provision for base warranties issued
 
129

 
108

Deferred revenue on extended warranty contracts sold
 
90

 
63

Provision for product campaigns issued
 
90

 
197

Payments made during period
 
(150
)
 
(99
)
Amortization of deferred revenue on extended warranty contracts
 
(59
)
 
(58
)
Changes in estimates for pre-existing product warranties
 
(23
)
 
10

Foreign currency translation and other
 
3

 
6

Balance, end of period
 
$
2,288

 
$
1,914

Warranty related deferred revenue and the long-term portion of the warranty liability Warranty related deferred revenues and the long-term portion of the warranty liabilities on our Condensed Consolidated Balance Sheets were as follows:
In millions
 
March 31,
2019
 
December 31,
2018
 
Balance Sheet Location
Deferred revenue related to extended coverage programs
 
 

 
 
 
 
Current portion
 
$
224

 
$
227

 
Current portion of deferred revenue
Long-term portion
 
620

 
587

 
Deferred revenue
Total
 
$
844

 
$
814

 
 
 
 
 
 
 
 
 
Product warranty
 
 

 
 
 
 
Current portion
 
$
762

 
$
654

 
Current portion of accrued product warranty
Long-term portion
 
682

 
740

 
Accrued product warranty
Total
 
$
1,444

 
$
1,394

 
 
 
 
 
 
 
 
 
Total warranty accrual
 
$
2,288

 
$
2,208