Accounts Receivable and Finance Receivables (Tables)

12 Months Ended

Dec. 29, 2012

Accounts Receivable and Finance Receivables

Accounts Receivable

(In millions)	December 29, 2012			December 31, 2011
Commercial	$	534		$	528
U.S. Government contracts	314			346
	848			874
Allowance for doubtful accounts	(19		)	(18		)
Total	$	829		$	856

Finance Receivables

(In millions)	December 29, 2012		December 31, 2011
Captive	$	1,704	$	1,945
Non-captive:
Golf Mortgage	140		381
Structured Capital	122		208
Timeshare	100		318
Other liquidating	8		43
Total finance receivables	2,074		2,895
Less: Allowance for losses	84		156
Less: Finance receivables held for sale	140		418
Total finance receivables held for investment, net	$	1,850	$	2,321

Finance receivables held for investment based on the internally assigned credit quality

	December 29, 2012								December 31, 2011
(In millions)	Performing		Watchlist		Nonaccrual		Total		Performing		Watchlist		Nonaccrual		Total
Captive	$	1,476	$	130	$	98	$	1,704	$	1,558	$	251	$	136	$	1,945
Non-captive*	185		—		45		230		317		30		185		532
Total	$	1,661	$	130	$	143	$	1,934	$	1,875	$	281	$	321	$	2,477
% of Total	85.9%		6.7%		7.4%				75.7%		11.3%		13.0%

*Non-captive nonaccrual finance receivables are primarily related to the Timeshare portfolio.

Finance receivables held for investment by delinquency aging

	December 29, 2012										December 31, 2011
(In millions)	Less Than 31 Days Past Due		31-60 Days Past Due		61-90 Days Past Due		Over 90 Days Past Due		Total		Less Than 31 Days Past Due		31-60 Days Past Due		61-90 Days Past Due		Over 90 Days Past Due		Total
Captive	$	1,531	$	87	$	55	$	31	$	1,704	$	1,758	$	69	$	43	$	75	$	1,945
Non-captive	226		—		1		3		230		481		3		—		48		532
Total	$	1,757	$	87	$	56	$	34	$	1,934	$	2,239	$	72	$	43	$	123	$	2,477

Summary of impaired finance receivables, excluding leveraged leases

	Recorded Investment
(In millions)	Impaired Loans with No Related Allowance for Credit Losses		Impaired Loans with Related Allowance for Credit Losses		Total Impaired Loans		Unpaid Principal Balance		Allowance For Losses On Impaired Loans		Average Recorded Investment
December 29, 2012
Captive	$	61	$	66	$	127	$	128	$	15	$	121
Non-captive	11		33		44		59		12		149
Total	$	72	$	99	$	171	$	187	$	27	$	270
December 31, 2011
Captive	$	47	$	94	$	141	$	144	$	40	$	149
Non-captive	173		69		242		347		47		577
Total	$	220	$	163	$	383	$	491	$	87	$	726

*Non-captive impaired loans are primarily related to the Timeshare portfolio.

Allowance for losses on finance receivables on an individual and on a collective basis

	December 29, 2012								December 31, 2011
	Finance Receivables Evaluated				Allowance Based on Individual		Allowance Based on Collective		Finance Receivables Evaluated				Allowance Based on Individual		Allowance Based on Collective
(In millions)	Individually		Collectively		Evaluation		Evaluation		Individually		Collectively		Evaluation		Evaluation
Captive	$	127	$	1,577	$	15	$	55	$	141	$	1,804	$	40	$	61
Non-captive	44		64		12		2		242		82		47		8
Total	$	171	$	1,641	$	27	$	57	$	383	$	1,886	$	87	$	69

Allowance for Losses

(In millions)	Captive			Golf Mortgage			Timeshare			Other Liquidating			Total
Balance at January 1, 2011	$	123		$	79		$	106		$	34		$	342
Provision for losses	15			25			(26		)	(2		)	12
Charge-offs	(43		)	(27		)	(40		)	(14		)	(124		)
Recoveries	9			3			—			10			22
Transfers	(3		)	(80		)	—			(13		)	(96		)
Balance at December 31, 2011	$	101		$	—		$	40		$	15		$	156
Provision for losses	1			—			2			(6		)	(3		)
Charge-offs	(42		)	—			(32		)	(10		)	(84		)
Recoveries	10			—			1			4			15
Balance at December 29, 2012	$	70		$	—		$	11		$	3		$	84

Summary of captive finance receivables for the inventory sales

(In millions)	December 29, 2012		December 31, 2011
Loans	$	1,389	$	1,496
Finance leases	107		121
Total	$	1,496	$	1,617