PRODUCT WARRANTY LIABILITY (Tables)

3 Months Ended

Mar. 31, 2025

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	2025		2024
Balance at beginning of year	$	2,623	$	2,497
Provision for base warranties issued	154		160
Deferred revenue on extended warranty contracts sold	124		96
Provision for product campaigns issued	11		6
Payments made during period	(168)		(176)
Amortization of deferred revenue on extended warranty contracts	(71)		(77)
Changes in estimates for pre-existing product warranties and campaigns	(2)		51
Foreign currency translation adjustments and other	8		(18)
Balance at end of period	$	2,679	$	2,539

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, 2025		December 31, 2024		Balance Sheet Location
Deferred revenue related to extended coverage programs
Current portion	$	290	$	286	Current portion of deferred revenue
Long-term portion	865		815		Deferred revenue
Total	$	1,155	$	1,101
Product warranty
Current portion	$	685	$	679	Current portion of accrued product warranty
Long-term portion	839		843		Other liabilities
Total	$	1,524	$	1,522
Total warranty accrual	$	2,679	$	2,623