Derivative Instruments and Fair Value Measurements (Tables)

9 Months Ended

Oct. 01, 2011

Derivative Instruments and Fair Value Measurements [Abstract]

Fair value of derivative instruments designated as hedging instruments

			Asset (Liability)
			October 1,			January 1,
(In millions)	Borrowing Group	Balance Sheet Location	2011			2011
Assets
Interest rate exchange contracts*	Finance	Other assets	$	27		$	34
Foreign currency exchange contracts	Manufacturing	Other current assets		12			39
Total			$	39		$	73
Liabilities
Interest rate exchange contracts*	Finance	Other liabilities	$	(9	)	$	(6	)
Foreign currency exchange contracts	Manufacturing	Accrued liabilities		(6	)		(2	)
Total			$	(15	)	$	(8	)

Assets measured at fair value on a nonrecurring basis

					Gain (Loss)
	Balance at				Nine Months Ended
	October 1,		October 2,		October 1,			October 2,
(In millions)	2011		2010		2011			2010
Finance Group
Impaired finance receivables	$	348	$	525	$	(73	)	$	(130	)
Finance receivables held for sale		245		252		(22	)		(17	)
Other assets		115		126		(26	)		(38	)

Carrying value and estimated fair values of financial instruments

	October 1, 2011						January 1, 2011
	Carrying			Estimated			Carrying			Estimated
(In millions)	Value			Fair Value			Value			Fair Value
Manufacturing group
Long-term debt, excluding leases	$	(2,703	)	$	(3,079	)	$	(2,172	)	$	(2,698	)
Finance group
Finance receivables held for investment, excluding leases		2,648			2,216			3,345			3,131
Debt		(2,371	)		(2,250	)		(3,660	)		(3,528	)