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Consolidated Balance Sheets (Unaudited) - USD ($)
shares in Thousands, $ in Millions
Oct. 01, 2022
Jan. 01, 2022
Assets    
Inventories $ 3,817 $ 3,468
Finance receivables, net 566 605
Total assets 15,956 15,827
Liabilities    
Total liabilities 9,194 9,012
Shareholders’ equity    
Common stock 28 28
Capital surplus 1,980 1,863
Treasury stock (796) (157)
Retained earnings 6,492 5,870
Accumulated other comprehensive loss (942) (789)
Total shareholders’ equity 6,762 6,815
Total liabilities and shareholders’ equity $ 15,956 $ 15,827
Common shares outstanding (in shares) 209,067 216,935
Manufacturing group    
Assets    
Cash and equivalents $ 1,817 $ 1,922
Accounts receivable, net 836 838
Inventories 3,817 3,468
Other current assets 943 1,018
Total current assets 7,413 7,246
Property, plant and equipment, less accumulated depreciation and amortization of $4,972 and $4,888, respectively 2,443 2,538
Goodwill 2,262 2,149
Other assets 3,173 3,027
Total assets 15,291 14,960
Liabilities    
Current portion of long-term debt 7 6
Accounts payable 887 786
Other current liabilities 2,733 2,344
Total current liabilities 3,627 3,136
Other liabilities 1,930 2,005
Long-term debt 3,176 3,179
Total liabilities 8,733 8,320
Finance group    
Assets    
Cash and equivalents 67 195
Finance receivables, net 566 605
Other assets 32 67
Total assets 665 867
Liabilities    
Other liabilities 81 110
Debt 380 582
Total liabilities $ 461 $ 692