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PRODUCT WARRANTY
3 Months Ended
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)20212020
Beginning balance, January 1$253 $116 
Provisions for current period sales28 15 
Adjustments of prior estimates13 
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)20212020
Accounts payable and accrued expenses$155 $164 
Other non-current liabilities105 89 
Total product warranty liability$260 $253