Quarterly report pursuant to Section 13 or 15(d)

PRODUCT WARRANTY LIABILITY (Tables)

v2.4.0.8
PRODUCT WARRANTY LIABILITY (Tables)
 3 Months Ended
Mar. 30, 2014
Product Warranties Disclosures [Abstract]  
Summary of activity in the product warranty account
 
 
Three months ended
In millions 
 
March 30, 2014
 
March 31, 2013
Balance, beginning of year
 
$
1,129

 
$
1,088

Provision for warranties issued
 
84

 
116

Deferred revenue on extended warranty contracts sold
 
53

 
49

Payments
 
(102
)
 
(102
)
Amortization of deferred revenue on extended warranty contracts
 
(34
)
 
(27
)
Changes in estimates for pre-existing warranties
 
2

 
(9
)
Foreign currency translation
 
1

 
(5
)
Balance, end of period
 
$
1,133

 
$
1,110

Warranty related deferred revenue, supplier recovery receivables and the long-term portion of the warranty liability
Warranty related deferred revenue, supplier recovery receivables and the long-term portion of the warranty liability on our March 30, 2014, balance sheet were as follows:
In millions
 
March 30, 2014
 
Balance Sheet Location
Deferred revenue related to extended coverage programs
 
 

 
 
Current portion
 
$
151

 
Deferred revenue
Long-term portion
 
362

 
Other liabilities and deferred revenue
Total
 
$
513

 
 
 
 
 
 
 
Receivables related to estimated supplier recoveries
 
 

 
 
Current portion
 
$
9

 
Trade and other receivables
Long-term portion
 
5

 
Other assets
Total
 
$
14

 
 
 
 
 
 
 
Long-term portion of warranty liability
 
$
275

 
Other liabilities and deferred revenue