PRODUCT WARRANTY LIABILITY

12 Months Ended

Dec. 31, 2023

Product Warranties Disclosures [Abstract]

PRODUCT WARRANTY LIABILITY

NOTE 14. PRODUCT WARRANTY LIABILITY

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:

	December 31,
In millions	2023		2022		2021
Balance at beginning of year	$	2,477	$	2,425	$	2,307
Provision for base warranties issued	602		515		503
Deferred revenue on extended warranty contracts sold	350		287		288
Provision for product campaigns issued	28		141		346
Payments made during period	(705)		(596)		(530)
Amortization of deferred revenue on extended warranty contracts	(300)		(298)		(260)
Changes in estimates for pre-existing product warranties and campaigns	37		(128)		(228)
Acquisitions (1)	—		147		—
Foreign currency translation adjustments and other	8		(16)		(1)
Balance at end of year	$	2,497	$	2,477	$	2,425
(1) See NOTE 24, "ACQUISITIONS," for additional information.

We recognized supplier recoveries of $36 million, $39 million and $170 million for the years ended December 31, 2023, 2022 and 2021, respectively.

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

	December 31,
In millions	2023		2022		Balance Sheet Location
Deferred revenue related to extended coverage programs
Current portion	$	279	$	290	Current portion of deferred revenue
Long-term portion	774		717		Deferred revenue
Total	$	1,053	$	1,007
Product warranty
Current portion	$	667	$	726	Current portion of accrued product warranty
Long-term portion	777		744		Other liabilities
Total	$	1,444	$	1,470
Total warranty accrual	$	2,497	$	2,477