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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Jan. 01, 2022
Assets    
Inventories $ 3,550 $ 3,468
Property, plant and equipment, net 2,523 2,538
Finance receivables, net 563 605
Assets 16,293 15,827
Liabilities    
Total liabilities 9,180 9,012
Shareholders' equity    
Common stock (207.4 million and 219.2 million shares issued, respectively, and 206.2 million and 216.9 million shares outstanding, respectively) 26 28
Capital surplus 1,880 1,863
Treasury stock (84) (157)
Retained earnings 5,903 5,870
Accumulated other comprehensive loss (612) (789)
Total shareholders’ equity 7,113 6,815
Total liabilities and shareholders’ equity 16,293 15,827
Manufacturing group    
Assets    
Cash and equivalents 1,963 1,922
Accounts receivable, net 855 838
Inventories 3,550 3,468
Other current assets 1,033 1,018
Total current assets 7,401 7,246
Property, plant and equipment, net 2,523 2,538
Goodwill 2,283 2,149
Other assets 3,422 3,027
Assets 15,629 14,960
Liabilities    
Current portion of long-term debt 7 6
Accounts payable 1,018 786
Other current liabilities 2,645 2,344
Total current liabilities 3,670 3,136
Other liabilities 1,879 2,005
Long-term debt 3,175 3,179
Debt 3,182 3,185
Total liabilities 8,724 8,320
Finance group    
Assets    
Cash and equivalents 72 195
Finance receivables, net 563 605
Other assets 29 67
Assets 664 867
Liabilities    
Other liabilities 81 110
Debt 375 582
Total liabilities $ 456 $ 692