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PRODUCT WARRANTY LIABILITY (Tables)

3 Months Ended

Mar. 29, 2020

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 product campaigns was as follows:

						Three months ended
In millions						March 29, 2020						March 31, 2019
Balance, beginning of year						$	2,389					$	2,208
Provision for base warranties issued						97						129
Deferred revenue on extended warranty contracts sold						66						90
Provision for product campaigns issued						2						90
Payments made during period						(138)						(150)
Amortization of deferred revenue on extended warranty contracts						(57)						(59)
Changes in estimates for pre-existing product warranties						(15)						(23)
Foreign currency translation and other						(12)						3
Balance, end of period						$	2,332					$	2,288

Warranty related deferred revenue and the long-term portion of the warranty liability

Warranty related deferred revenues and warranty liabilities on our Condensed Consolidated Balance Sheets were as follows:

In millions						March 29, 2020						December 31, 2019						Balance Sheet Location
Deferred revenue related to extended coverage programs
Current portion						$	232					$	227					Current portion of deferred revenue
Long-term portion						717						714						Deferred revenue
Total						$	949					$	941
Product warranty
Current portion						$	743					$	803					Current portion of accrued product warranty
Long-term portion						640						645						Accrued product warranty
Total						$	1,383					$	1,448
Total warranty accrual						$	2,332					$	2,389

X

- Definition

Tabular disclosure of the type of arrangements and the corresponding amounts that comprise the current and noncurrent balance of deferred revenue as of the balance sheet date.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 8
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6935-107765

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- References

No definition available.

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X

- Definition

Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=68068213&loc=d3e12565-110249

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