Quarterly report [Sections 13 or 15(d)]

PRODUCT WARRANTY LIABILITY (Tables)

v3.26.1
PRODUCT WARRANTY LIABILITY (Tables)
 3 Months Ended
Mar. 31, 2026
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
March 31,
In millions 2026 2025
Balance at beginning of year $ 2,778  $ 2,623 
Provision for base warranties issued 156  154 
Deferred revenue on extended warranty contracts sold 104  124 
Provision for product campaigns issued 5  11 
Payments made during period (201) (168)
Amortization of deferred revenue on extended warranty contracts (80) (71)
Changes in estimates for pre-existing product warranties and campaigns 10  (2)
Foreign currency translation adjustments and other (1) 8 
Balance at end of period $ 2,771  $ 2,679 
Summary of Warranty Related Deferred Revenues and Warranty Liabilities
Warranty related deferred revenues and warranty liabilities on our Condensed Consolidated Balance Sheets were as follows:
In millions March 31,
2026		 December 31,
2025		 Balance Sheet Location
Deferred revenue related to extended coverage programs    
Current portion $ 303  $ 303  Current portion of deferred revenue
Long-term portion 919  895  Deferred revenue
Total $ 1,222  $ 1,198   
Product warranty    
Current portion $ 638  $ 693  Current portion of accrued product warranty
Long-term portion 911  887  Other liabilities
Total $ 1,549  $ 1,580   
Total warranty accrual $ 2,771  $ 2,778