NOTE 9. PRODUCT WARRANTY LIABILITY
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:
|
|
|
|
|
|
|
|
|
|
In millions |
|
March 29,
2015 |
|
March 30,
2014 |
Balance, beginning of year |
|
$ |
1,283 |
|
|
$ |
1,129 |
|
Provision for warranties issued |
|
109 |
|
|
84 |
|
Deferred revenue on extended warranty contracts sold |
|
56 |
|
|
53 |
|
Payments |
|
(94 |
) |
|
(102 |
) |
Amortization of deferred revenue on extended warranty contracts |
|
(43 |
) |
|
(34 |
) |
Changes in estimates for pre-existing warranties |
|
15 |
|
|
2 |
|
Foreign currency translation |
|
(6 |
) |
|
1 |
|
Balance, end of period |
|
$ |
1,320 |
|
|
$ |
1,133 |
|
Warranty related deferred revenue, supplier recovery receivables and the long-term portion of the warranty liability on our March 29, 2015, balance sheet were as follows:
|
|
|
|
|
|
|
|
In millions |
|
March 29,
2015 |
|
Balance Sheet Location |
Deferred revenue related to extended coverage programs |
|
|
|
|
|
Current portion |
|
$ |
173 |
|
|
Deferred revenue |
Long-term portion |
|
447 |
|
|
Other liabilities and deferred revenue |
Total |
|
$ |
620 |
|
|
|
|
|
|
|
|
Receivables related to estimated supplier recoveries |
|
|
|
|
|
Current portion |
|
$ |
8 |
|
|
Trade and other receivables |
Long-term portion |
|
4 |
|
|
Other assets |
Total |
|
$ |
12 |
|
|
|
|
|
|
|
|
Long-term portion of warranty liability |
|
$ |
321 |
|
|
Other liabilities and deferred revenue |
|