Quarterly report [Sections 13 or 15(d)]

PRODUCT WARRANTY LIABILITY (Tables)

v3.25.1
PRODUCT WARRANTY LIABILITY (Tables)
 3 Months Ended
Mar. 31, 2025
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 2025 2024
Balance at beginning of year $ 2,623  $ 2,497 
Provision for base warranties issued 154  160 
Deferred revenue on extended warranty contracts sold 124  96 
Provision for product campaigns issued 11  6 
Payments made during period (168) (176)
Amortization of deferred revenue on extended warranty contracts (71) (77)
Changes in estimates for pre-existing product warranties and campaigns (2) 51 
Foreign currency translation adjustments and other 8  (18)
Balance at end of period $ 2,679  $ 2,539 
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,
2025		 December 31,
2024		 Balance Sheet Location
Deferred revenue related to extended coverage programs    
Current portion $ 290  $ 286  Current portion of deferred revenue
Long-term portion 865  815  Deferred revenue
Total $ 1,155  $ 1,101   
Product warranty    
Current portion $ 685  $ 679  Current portion of accrued product warranty
Long-term portion 839  843  Other liabilities
Total $ 1,524  $ 1,522   
Total warranty accrual $ 2,679  $ 2,623