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PRODUCT WARRANTY | 3 Months Ended
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Mar. 31, 2021
Product Warranties Disclosures [Abstract] |
PRODUCT WARRANTY | PRODUCT WARRANTYThe Company provides warranties on some, but not all, of its products. The warranty terms are typically from one to three years. Provisions for estimated expenses related to product warranty are made at the time products are sold. These estimates are established using historical information about the nature, frequency and average cost of warranty claim settlements as well as product manufacturing and industry developments and recoveries from third parties. Management actively studies trends of warranty claims and takes action to improve product quality and minimize warranty claims. Management believes that the warranty accrual is appropriate; however, actual claims incurred could differ from the original estimates, requiring adjustments to the accrual. The product warranty accrual is allocated to current and non-current liabilities in the Condensed Consolidated Balance Sheets. The following table summarizes the activity in the product warranty accrual accounts:
(in millions) | 2021 |  | 2020
Beginning balance, January 1 | $ | 253 |  |  | $ | 116 |
Provisions for current period sales | 28 |  |  | 15 |
Adjustments of prior estimates | 13 |  |  | 5 |
Payments | (29) |  |  | (18) |
Translation adjustment | (5) |  |  | (2) |
Ending balance, March 31 | $ | 260 |  |  | $ | 116 |
The product warranty liability is classified in the Condensed Consolidated Balance Sheets as follows:
| March 31, |  | December 31,
(in millions) | 2021 |  | 2020
Accounts payable and accrued expenses | $ | 155 |  |  | $ | 164 |
Other non-current liabilities | 105 |  |  | 89 |
Total product warranty liability | $ | 260 |  |  | $ | 253 |

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- Definition The entire disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -URI http://asc.fasb.org/topic&trid=2155896 + Details
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