XML 20 R3.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Revenues      
Total revenues $ 12,869,000,000 $ 12,382,000,000 $ 11,651,000,000
Costs, expenses and other      
Selling and administrative expense 1,186,000,000 1,221,000,000 1,045,000,000
Interest expense, net 107,000,000 142,000,000 166,000,000
Special charges 0 25,000,000 147,000,000
Non-service components of pension and postretirement income, net (240,000,000) (159,000,000) (83,000,000)
Gain on business disposition 0 (17,000,000) 0
Total costs, expenses and other 11,853,000,000 11,509,000,000 11,369,000,000
Income from continuing operations before income taxes 1,016,000,000 873,000,000 282,000,000
Income tax expense (benefit) 154,000,000 126,000,000 (27,000,000)
Income from continuing operations 862,000,000 747,000,000 309,000,000
Loss from discontinued operations (1,000,000) (1,000,000) 0
Net income $ 861,000,000 $ 746,000,000 $ 309,000,000
Basic Earnings per share      
Continuing operations (in dollars per share) $ 4.05 $ 3.33 $ 1.35
Diluted Earnings per share      
Continuing operations (in dollars per share) $ 4.01 $ 3.30 $ 1.35
Manufacturing group      
Costs, expenses and other      
Income from continuing operations $ 835,000,000 $ 740,000,000 $ 301,000,000
Finance group      
Revenues      
Total revenues 52,000,000 49,000,000 55,000,000
Costs, expenses and other      
Income from continuing operations 27,000,000 7,000,000 8,000,000
Product      
Costs, expenses and other      
Total cost of sales 9,380,000,000 8,955,000,000 8,715,000,000
Product | Manufacturing group      
Revenues      
Total revenues 10,945,000,000 10,541,000,000 9,720,000,000
Service      
Costs, expenses and other      
Total cost of sales 1,420,000,000 1,342,000,000 1,379,000,000
Service | Manufacturing group      
Revenues      
Total revenues $ 1,872,000,000 $ 1,792,000,000 $ 1,876,000,000