Quarterly report pursuant to Section 13 or 15(d)

PRODUCT WARRANTY LIABILITY

v3.8.0.1
PRODUCT WARRANTY LIABILITY
3 Months Ended
Apr. 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 
 
April 1,
2018
 
April 2,
2017
Balance, beginning of year
 
$
1,687

 
$
1,414

Provision for warranties issued
 
108

 
89

Deferred revenue on extended warranty contracts sold
 
63

 
48

Campaigns (Note 11)
 
197

 
3

Payments
 
(99
)
 
(95
)
Amortization of deferred revenue on extended warranty contracts
 
(58
)
 
(54
)
Changes in estimates for pre-existing warranties
 
10

 
34

Foreign currency translation
 
6

 
(2
)
Balance, end of period
 
$
1,914

 
$
1,437


Warranty related deferred revenues and the long-term portion of the warranty liabilities on our Condensed Consolidated Balance Sheets were as follows:
In millions
 
April 1,
2018
 
December 31,
2017
 
Balance Sheet Location
Deferred revenue related to extended coverage programs
 
 

 
 
 
 
Current portion
 
$
230

 
$
231

 
Current portion of deferred revenue
Long-term portion
 
541

 
536

 
Other liabilities and deferred revenue
Total
 
$
771

 
$
767

 
 
 
 
 
 
 
 
 
Long-term portion of warranty liability
 
$
485

 
$
466

 
Other liabilities and deferred revenue