PRODUCT WARRANTY LIABILITY (Tables)

3 Months Ended

Mar. 31, 2023

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
	March 31,
In millions	2023		2022
Balance, beginning of year	$	2,477	$	2,425
Provision for base warranties issued	146		123
Deferred revenue on extended warranty contracts sold	102		70
Provision for product campaigns issued	6		42
Payments made during period	(143)		(132)
Amortization of deferred revenue on extended warranty contracts	(75)		(73)
Changes in estimates for pre-existing product warranties and campaigns	10		(26)
Acquisition(1)	—		95
Foreign currency translation adjustments and other	7		(1)
Balance, end of period	$	2,530	$	2,523
(1) See NOTE 16, "ACQUISITION," 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	March 31, 2023		December 31, 2022		Balance Sheet Location
Deferred revenue related to extended coverage programs
Current portion	$	289	$	290	Current portion of deferred revenue
Long-term portion	742		717		Deferred revenue
Total	$	1,031	$	1,007
Product warranty
Current portion	$	746	$	726	Current portion of accrued product warranty
Long-term portion	753		744		Other liabilities
Total	$	1,499	$	1,470
Total warranty accrual	$	2,530	$	2,477