Quarterly report pursuant to Section 13 or 15(d)

PRODUCT WARRANTY LIABILITY (Tables)

v3.4.0.3
PRODUCT WARRANTY LIABILITY (Tables)
 3 Months Ended
Apr. 03, 2016
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 
 
April 3,
2016
 
March 29,
2015
Balance, beginning of year
 
$
1,404

 
$
1,283

Provision for warranties issued
 
93

 
109

Deferred revenue on extended warranty contracts sold
 
55

 
56

Payments
 
(102
)
 
(94
)
Amortization of deferred revenue on extended warranty contracts
 
(47
)
 
(43
)
Changes in estimates for pre-existing warranties
 
—

 
15

Foreign currency translation
 
—

 
(6
)
Balance, end of period
 
$
1,403

 
$
1,320

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 April 3, 2016, balance sheet were as follows:
In millions
 
April 3,
2016
 
Balance Sheet Location
Deferred revenue related to extended coverage programs
 
 

 
 
Current portion
 
$
199

 
Deferred revenue
Long-term portion
 
527

 
Other liabilities and deferred revenue
Total
 
$
726

 
 
 
 
 
 
 
Receivables related to estimated supplier recoveries
 
 

 
 
Current portion
 
$
6

 
Trade and other receivables
Long-term portion
 
3

 
Other assets
Total
 
$
9

 
 
 
 
 
 
 
Long-term portion of warranty liability
 
$
327

 
Other liabilities and deferred revenue