Quarterly report pursuant to Section 13 or 15(d)

PRODUCT WARRANTY LIABILITY (Tables)

v3.20.2
PRODUCT WARRANTY LIABILITY (Tables)
 9 Months Ended
Sep. 27, 2020
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:
Nine months ended
In millions September 27,
2020		 September 29,
2019
Balance, beginning of year $ 2,389  $ 2,208 
Provision for base warranties issued 277  360 
Deferred revenue on extended warranty contracts sold 172  254 
Provision for product campaigns issued 27  163 
Payments made during period (424) (431)
Amortization of deferred revenue on extended warranty contracts (169) (174)
Changes in estimates for pre-existing product warranties (41) (16)
Foreign currency translation and other (6) (9)
Balance, end of period $ 2,225  $ 2,355 
Warranty related deferred revenue and the long-term portion of the warranty liability
Warranty related deferred revenues and warranty liabilities on our Condensed Consolidated Balance Sheets were as follows:
In millions September 27,
2020		 December 31,
2019		 Balance Sheet Location
Deferred revenue related to extended coverage programs    
Current portion $ 249  $ 227  Current portion of deferred revenue
Long-term portion 695  714  Deferred revenue
Total $ 944  $ 941   
Product warranty    
Current portion $ 646  $ 803  Current portion of accrued product warranty
Long-term portion 635  645  Accrued product warranty
Total $ 1,281  $ 1,448   
Total warranty accrual $ 2,225  $ 2,389