Quarterly report pursuant to Section 13 or 15(d)

PRODUCT WARRANTY LIABILITY (Tables)

v3.20.1
PRODUCT WARRANTY LIABILITY (Tables)
 3 Months Ended
Mar. 29, 2020
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:
Three months ended
In millions March 29,
2020		 March 31,
2019
Balance, beginning of year $ 2,389    $ 2,208   
Provision for base warranties issued 97    129   
Deferred revenue on extended warranty contracts sold 66    90   
Provision for product campaigns issued 2    90   
Payments made during period (138)   (150)  
Amortization of deferred revenue on extended warranty contracts (57)   (59)  
Changes in estimates for pre-existing product warranties (15)   (23)  
Foreign currency translation and other (12)   3   
Balance, end of period $ 2,332    $ 2,288   
Warranty related deferred revenue and the long-term portion of the warranty liability
Warranty related deferred revenues and warranty liabilities on our Condensed Consolidated Balance Sheets were as follows:
In millions March 29,
2020		 December 31,
2019		 Balance Sheet Location
Deferred revenue related to extended coverage programs    
Current portion $ 232    $ 227    Current portion of deferred revenue
Long-term portion 717    714    Deferred revenue
Total $ 949    $ 941     
Product warranty    
Current portion $ 743    $ 803    Current portion of accrued product warranty
Long-term portion 640    645    Accrued product warranty
Total $ 1,383    $ 1,448     
Total warranty accrual $ 2,332    $ 2,389