Quarterly report pursuant to Section 13 or 15(d)

PRODUCT WARRANTY LIABILITY (Tables)

v3.8.0.1
PRODUCT WARRANTY LIABILITY (Tables)
 9 Months Ended
Oct. 01, 2017
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 
 
October 1,
2017
 
October 2,
2016
Balance, beginning of year
 
$
1,414

 
$
1,404

Provision for warranties issued
 
446

 
256

Deferred revenue on extended warranty contracts sold
 
164

 
179

Payments
 
(296
)
 
(291
)
Amortization of deferred revenue on extended warranty contracts
 
(161
)
 
(148
)
Changes in estimates for pre-existing warranties
 
71

 
22

Foreign currency translation
 
5

 
(6
)
Balance, end of period
 
$
1,643

 
$
1,416

Warranty related deferred revenue and the long-term portion of the warranty liability Warranty related deferred revenues and the long-term portion of the warranty liabilities on our October 1, 2017, balance sheet were as follows:
In millions
 
October 1,
2017
 
Balance Sheet Location
Deferred revenue related to extended coverage programs
 
 

 
 
Current portion
 
$
229

 
Current portion of deferred revenue
Long-term portion
 
519

 
Other liabilities and deferred revenue
Total
 
$
748

 
 
 
 
 
 
 
Long-term portion of warranty liability
 
$
433

 
Other liabilities and deferred revenue