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Consolidated Statements of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jul. 02, 2011
Jun. 30, 2012
Jul. 02, 2011
Revenues        
Manufacturing revenues $ 2,964 $ 2,695 $ 5,759 $ 5,148
Finance revenues 55 33 116 59
Total revenues 3,019 2,728 5,875 5,207
Costs, expenses and other        
Cost of sales 2,435 2,225 4,747 4,280
Selling and administrative expense 283 295 591 599
Provision for losses on finance receivables (7) 12 (3) 24
Interest expense 53 61 108 123
Total costs, expenses and other 2,764 2,593 5,443 5,026
Income from continuing operations before income taxes 255 135 432 181
Income tax expense 82 43 139 58
Income (loss) from continuing operations 173 92 293 123
Loss from discontinued operations, net of income taxes (1) (2) (3) (4)
Net income $ 172 $ 90 $ 290 $ 119
Basic earnings per share        
Continuing operations (in dollars per share) $ 0.61 $ 0.33 $ 1.04 $ 0.44
Discontinued operations (in dollars per share)   $ (0.01) $ (0.01) $ (0.01)
Basic earnings per share (in dollars per share) $ 0.61 $ 0.32 $ 1.03 $ 0.43
Diluted earnings per share        
Continuing operations (in dollars per share) $ 0.58 $ 0.29 $ 0.99 $ 0.39
Discontinued operations (in dollars per share)     $ (0.01) $ (0.01)
Diluted earnings per share (in dollars per share) $ 0.58 $ 0.29 $ 0.98 $ 0.38
Dividends per share        
Common stock (in dollars per share) $ 0.02 $ 0.02 $ 0.04 $ 0.04