Quarterly report pursuant to Section 13 or 15(d)

PRODUCT WARRANTY LIABILITY (Tables)

v2.4.0.8
PRODUCT WARRANTY LIABILITY (Tables)
 9 Months Ended
Sep. 28, 2014
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 recall programs was as follows:
 
 
 
Nine months ended
In millions 
 
September 28, 2014
 
September 29, 2013
Balance, beginning of year
 
$
1,129

 
$
1,088

Provision for warranties issued
 
307

 
317

Deferred revenue on extended warranty contracts sold
 
175

 
138

Payments
 
(313
)
 
(312
)
Amortization of deferred revenue on extended warranty contracts
 
(109
)
 
(84
)
Changes in estimates for pre-existing warranties
 
28

 
(26
)
Foreign currency translation
 
(4
)
 
(3
)
Balance, end of period
 
$
1,213

 
$
1,118

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 September 28, 2014, balance sheet were as follows:
In millions
 
September 28, 2014
 
Balance Sheet Location
Deferred revenue related to extended coverage programs
 
 

 
 
Current portion
 
$
159

 
Deferred revenue
Long-term portion
 
401

 
Other liabilities and deferred revenue
Total
 
$
560

 
 
 
 
 
 
 
Receivables related to estimated supplier recoveries
 
 

 
 
Current portion
 
$
9

 
Trade and other receivables
Long-term portion
 
3

 
Other assets
Total
 
$
12

 
 
 
 
 
 
 
Long-term portion of warranty liability
 
$
302

 
Other liabilities and deferred revenue