Quarterly report pursuant to Section 13 or 15(d)

PRODUCT WARRANTY LIABILITY (Tables)

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PRODUCT WARRANTY LIABILITY (Tables)
 3 Months Ended
Mar. 31, 2024
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:
Three months ended
March 31,
In millions 2024 2023
Balance at beginning of year $ 2,497  $ 2,477 
Provision for base warranties issued 160  146 
Deferred revenue on extended warranty contracts sold 96  102 
Provision for product campaigns issued 6  6 
Payments made during period (176) (143)
Amortization of deferred revenue on extended warranty contracts (77) (75)
Changes in estimates for pre-existing product warranties and campaigns 51  10 
Foreign currency translation adjustments and other (18) 7 
Balance at end of period $ 2,539  $ 2,530 
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 March 31,
2024		 December 31,
2023		 Balance Sheet Location
Deferred revenue related to extended coverage programs    
Current portion $ 274  $ 279  Current portion of deferred revenue
Long-term portion 797  774  Deferred revenue
Total $ 1,071  $ 1,053   
Product warranty    
Current portion $ 652  $ 667  Current portion of accrued product warranty
Long-term portion 816  777  Other liabilities
Total $ 1,468  $ 1,444   
Total warranty accrual $ 2,539  $ 2,497