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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Revenues    
Total revenues $ 3,001,000,000 $ 2,879,000,000
Costs, expenses and other    
Selling and administrative expense 305,000,000 298,000,000
Interest expense 33,000,000 40,000,000
Non-service components of pension and postretirement income, net (61,000,000) (40,000,000)
Special charges 0 6,000,000
Gain on business disposition 0 (15,000,000)
Total costs, expenses and other 2,769,000,000 2,689,000,000
Income before income taxes 232,000,000 190,000,000
Income tax expense 39,000,000 19,000,000
Net income $ 193,000,000 $ 171,000,000
Earnings per share    
Basic (in dollars per share) $ 0.89 $ 0.75
Diluted (in dollars per share) $ 0.88 $ 0.75
Manufacturing group    
Costs, expenses and other    
Gain on business disposition $ 0 $ (15,000,000)
Net income 185,000,000 177,000,000
Finance group    
Revenues    
Total revenues 16,000,000 15,000,000
Costs, expenses and other    
Gain on business disposition 0 0
Net income 8,000,000 (6,000,000)
Product    
Costs, expenses and other    
Cost of products/services sold 2,069,000,000 2,061,000,000
Product | Manufacturing group    
Revenues    
Total revenues 2,448,000,000 2,403,000,000
Service    
Costs, expenses and other    
Cost of products/services sold 423,000,000 339,000,000
Service | Manufacturing group    
Revenues    
Total revenues $ 537,000,000 $ 461,000,000