Quarterly report pursuant to Section 13 or 15(d)

PRODUCT WARRANTY LIABILITY (Tables)

v2.4.1.9
PRODUCT WARRANTY LIABILITY (Tables)
 3 Months Ended
Mar. 29, 2015
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:
 
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
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