Quarterly report pursuant to Section 13 or 15(d)

PRODUCT WARRANTY LIABILITY (Tables)

v2.3.0.15
PRODUCT WARRANTY LIABILITY (Tables)
9 Months Ended
Sep. 25, 2011
PRODUCT WARRANTY LIABILITY  
Summary of activity in the product warranty account

 

 

 

 

Nine months ended

 

 

 

September 25,

 

September 26,

 

In millions 

 

2011

 

2010

 

Balance, beginning of period

 

$

980

 

$

989

 

Provision for warranties issued

 

329

 

250

 

Deferred revenue on extended warranty contracts sold

 

82

 

78

 

Payments

 

(292

)

(310

)

Amortization of deferred revenue on extended warranty contracts

 

(71

)

(64

)

Changes in estimates for pre-existing warranties

 

(4

)

(16

)

Foreign currency translation

 

(6

)

—

 

Balance, end of period

 

$

1,018

 

$

927

 

Warranty related deferred revenue, supplier recovery receivables and the long-term portion of the warranty liability

 

 

 

 

September 25,

 

 

 

In millions

 

2011

 

Balance Sheet Locations

 

Deferred revenue related to extended coverage programs:

 

 

 

 

 

Current portion

 

$

98

 

Deferred revenue

 

Long-term portion

 

197

 

Other liabilities and deferred revenue

 

Total

 

$

295

 

 

 

 

 

 

 

 

 

Receivables related to estimated supplier recoveries:

 

 

 

 

 

Current portion

 

$

7

 

Trade and other receivables

 

Long-term portion

 

7

 

Other assets

 

Total

 

$

14

 

 

 

 

 

 

 

 

 

Long-term portion of warranty liability

 

$

306

 

Other liabilities and deferred revenue