PRODUCT WARRANTY LIABILITY (Tables)

9 Months Ended

Sep. 30, 2022

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:

	Nine months ended
In millions	September 30, 2022		October 3, 2021
Balance, beginning of year	$	2,425	$	2,307
Provision for base warranties issued	395		431
Deferred revenue on extended warranty contracts sold	215		210
Provision for product campaigns issued	132		162
Payments made during period	(476)		(409)
Amortization of deferred revenue on extended warranty contracts	(220)		(191)
Changes in estimates for pre-existing product warranties	(80)		(131)
Acquisitions(1)	144		—
Foreign currency translation and other	19		(4)
Balance, end of period	$	2,554	$	2,375
(1) See NOTE 16, "ACQUISITIONS," to our Condensed Consolidated Financial Statements for additional information.

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	September 30, 2022		December 31, 2021		Balance Sheet Location
Deferred revenue related to extended coverage programs
Current portion	$	295	$	286	Current portion of deferred revenue
Long-term portion	716		700		Deferred revenue
Total	$	1,011	$	986
Product warranty
Current portion	$	801	$	755	Current portion of accrued product warranty
Long-term portion	742		684		Accrued product warranty
Total	$	1,543	$	1,439
Total warranty accrual	$	2,554	$	2,425