Quarterly report pursuant to Section 13 or 15(d)

PRODUCT WARRANTY LIABILITY (Tables)

v2.4.0.8
PRODUCT WARRANTY LIABILITY (Tables)
6 Months Ended
Jun. 29, 2014
Product Warranties Disclosures [Abstract]  
Summary of activity in the product warranty account
 
 
Six months ended
In millions 
 
June 29, 2014
 
June 30, 2013
Balance, beginning of year
 
$
1,129

 
$
1,088

Provision for warranties issued
 
206

 
227

Deferred revenue on extended warranty contracts sold
 
118

 
93

Payments
 
(211
)
 
(210
)
Amortization of deferred revenue on extended warranty contracts
 
(71
)
 
(56
)
Changes in estimates for pre-existing warranties
 
12

 
(13
)
Foreign currency translation
 
2

 
(6
)
Balance, end of period
 
$
1,185

 
$
1,123

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 June 29, 2014, balance sheet were as follows:
In millions
 
June 29, 2014
 
Balance Sheet Location
Deferred revenue related to extended coverage programs
 
 

 
 
Current portion
 
$
155

 
Deferred revenue
Long-term portion
 
386

 
Other liabilities and deferred revenue
Total
 
$
541

 
 
 
 
 
 
 
Receivables related to estimated supplier recoveries
 
 

 
 
Current portion
 
$
13

 
Trade and other receivables
Long-term portion
 
4

 
Other assets
Total
 
$
17

 
 
 
 
 
 
 
Long-term portion of warranty liability
 
$
291

 
Other liabilities and deferred revenue