PRODUCT WARRANTY LIABILITY (Tables)

6 Months Ended

Jun. 30, 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:

	Six months ended
	June 30,
In millions	2023		2022
Balance, beginning of year	$	2,477	$	2,425
Provision for base warranties issued	301		267
Deferred revenue on extended warranty contracts sold	166		145
Provision for product campaigns issued	12		65
Payments made during period	(283)		(289)
Amortization of deferred revenue on extended warranty contracts	(152)		(146)
Changes in estimates for pre-existing product warranties and campaigns	22		(47)
Acquisitions	—		97
Foreign currency translation adjustments and other	2		9
Balance, end of period	$	2,545	$	2,526

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	June 30, 2023		December 31, 2022		Balance Sheet Location
Deferred revenue related to extended coverage programs
Current portion	$	285	$	290	Current portion of deferred revenue
Long-term portion	731		717		Deferred revenue
Total	$	1,016	$	1,007
Product warranty
Current portion	$	751	$	726	Current portion of accrued product warranty
Long-term portion	778		744		Other liabilities
Total	$	1,529	$	1,470
Total warranty accrual	$	2,545	$	2,477