Quarterly report pursuant to Section 13 or 15(d)

PRODUCT WARRANTY LIABILITY (Tables)

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PRODUCT WARRANTY LIABILITY (Tables)
 6 Months Ended
Jun. 28, 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 
 
June 28,
2015
 
June 29,
2014
Balance, beginning of year
 
$
1,283

 
$
1,129

Provision for warranties issued
 
233

 
206

Deferred revenue on extended warranty contracts sold
 
131

 
118

Payments
 
(191
)
 
(211
)
Amortization of deferred revenue on extended warranty contracts
 
(88
)
 
(71
)
Changes in estimates for pre-existing warranties
 
19

 
12

Foreign currency translation
 
(3
)
 
2

Balance, end of period
 
$
1,384

 
$
1,185

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 June 28, 2015, balance sheet were as follows:
In millions
 
June 28,
2015
 
Balance Sheet Location
Deferred revenue related to extended coverage programs
 
 

 
 
Current portion
 
$
177

 
Deferred revenue
Long-term portion
 
472

 
Other liabilities and deferred revenue
Total
 
$
649

 
 
 
 
 
 
 
Receivables related to estimated supplier recoveries
 
 

 
 
Current portion
 
$
6

 
Trade and other receivables
Long-term portion
 
4

 
Other assets
Total
 
$
10

 
 
 
 
 
 
 
Long-term portion of warranty liability
 
$
330

 
Other liabilities and deferred revenue