Annual report pursuant to Section 13 and 15(d)

PRODUCT WARRANTY LIABILITY

v3.22.4
PRODUCT WARRANTY LIABILITY
 12 Months Ended
Dec. 31, 2022
Product Warranties Disclosures [Abstract]  
PRODUCT WARRANTY LIABILITY
NOTE 14. PRODUCT WARRANTY LIABILITY
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:
  December 31,
In millions 2022 2021 2020
Balance, beginning of year $ 2,425  $ 2,307  $ 2,389 
Provision for base warranties issued 515  503  443 
Deferred revenue on extended warranty contracts sold 287  288  248 
Provision for product campaigns issued 141  346  90 
Payments made during period (596) (530) (589)
Amortization of deferred revenue on extended warranty contracts (298) (260) (227)
Changes in estimates for pre-existing product warranties and campaigns (128) (228) (52)
Acquisitions(1)
147  —  — 
Foreign currency translation adjustments and other (16) (1) 5 
Balance, end of year $ 2,477  $ 2,425  $ 2,307 
(1) See NOTE 2, "ACQUISITIONS," to our Consolidated Financial Statements for additional information.
We recognized supplier recoveries of $39 million, $170 million and $20 million for the years ended December 31, 2022, 2021 and 2020, respectively.
Warranty related deferred revenues and warranty liabilities on our Consolidated Balance Sheets were as follows:
  December 31,  
In millions 2022 2021 Balance Sheet Location
Deferred revenue related to extended coverage programs      
Current portion $ 290  $ 286  Current portion of deferred revenue
Long-term portion 717  700  Deferred revenue
Total $ 1,007  $ 986   
Product warranty
Current portion $ 726  $ 755  Current portion of accrued product warranty
Long-term portion 744  684  Other liabilities
Total $ 1,470  $ 1,439 
Total warranty accrual $ 2,477  $ 2,425