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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Revenues    
Total revenues $ 3,024 $ 3,001
Costs, expenses and other    
Selling and administrative expense 305 305
Interest expense, net 20 32
Non-service components of pension and postretirement income, net (59) (60)
Total costs, expenses and other 2,797 2,769
Income before income taxes 227 232
Income tax expense 36 39
Net income $ 191 $ 193
Earnings per share    
Basic (in dollars per share) $ 0.93 $ 0.89
Diluted (in dollars per share) $ 0.92 $ 0.88
Manufacturing group    
Costs, expenses and other    
Net income $ 185 $ 185
Finance group    
Revenues    
Total revenues 12 16
Costs, expenses and other    
Net income 6 8
Product    
Costs, expenses and other    
Cost of products/services sold 2,176 2,069
Product | Manufacturing group    
Revenues    
Total revenues 2,550 2,448
Service    
Costs, expenses and other    
Cost of products/services sold 355 423
Service | Manufacturing group    
Revenues    
Total revenues $ 462 $ 537