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. 29, 2013
Product Warranties Disclosures [Abstract]  
Summary of activity in the product warranty account
 
 
Nine months ended
In millions 
 
September 29,
2013
 
September 30, 2012
Balance, beginning of year
 
$
1,088

 
$
1,014

Provision for warranties issued
 
317

 
320

Deferred revenue on extended warranty contracts sold
 
138

 
154

Payments
 
(312
)
 
(294
)
Amortization of deferred revenue on extended warranty contracts
 
(84
)
 
(77
)
Changes in estimates for pre-existing warranties
 
(26
)
 
(36
)
Foreign currency translation
 
(3
)
 
2

Balance, end of period
 
$
1,118

 
$
1,083

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 29, 2013, balance sheet were as follows:
In millions
 
September 29, 2013
 
Balance Sheet Location
Deferred revenue related to extended coverage programs
 
 

 
 
Current portion
 
$
133

 
Deferred revenue
Long-term portion
 
341

 
Other liabilities and deferred revenue
Total
 
$
474

 
 
 
 
 
 
 
Receivables related to estimated supplier recoveries
 
 

 
 
Current portion
 
$
6

 
Trade and other receivables
Long-term portion
 
5

 
Other assets
Total
 
$
11

 
 
 
 
 
 
 
Long-term portion of warranty liability
 
$
270

 
Other liabilities and deferred revenue