CATERPILLAR INC | 2013 | FY | 3


(Millions of dollars)
 
2013
 
2012
 
2011
Warranty liability, January 1
 
$
1,477

 
$
1,308

 
$
1,035

Reduction in liability (payments)
 
(938
)
 
(920
)
 
(926
)
Increase in liability (new warranties)
 
828

 
1,089

 
1,199

Warranty liability, December 31
 
$
1,367

 
$
1,477

 
$
1,308

 
 
 
 
 
 
 

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