Accounts Receivable and Finance Receivables (Tables)

9 Months Ended

Sep. 28, 2013

Accounts Receivable and Finance Receivables

Accounts Receivable

(In millions)	September 28, 2013	December 29, 2012
Commercial	$        708	$       534
U.S. Government contracts	340	314
	1,048	848
Allowance for doubtful accounts	(24)	(19	)
Total	$     1,024	$       829

Finance Receivables

(In millions)	September 28, 2013	December 29, 2012
Captive	$     1,379	$     1,704
Non-captive	210	370
Total finance receivables	1,589	2,074
Less: Allowance for losses	62	84
Less: Finance receivables held for sale	91	140
Total finance receivables held for investment, net	$     1,436	$     1,850

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

	September 28, 2013				December 29, 2012
(In millions)	Performing	Watchlist	Nonaccrual	Total	Performing	Watchlist	Nonaccrual	Total
Captive	$    1,173	$    101	$    105	$    1,379	$    1,476	$    130	$        98	$    1,704
Non-captive	119	—	—	119	185	—	45	230
Total	$    1,292	$    101	$    105	$    1,498	$    1,661	$    130	$      143	$    1,934
% of Total	86.3%	6.7%	7.0%		85.9%	6.7%	7.4%

Finance receivables held for investment by delinquency aging

	September 28, 2013					December 29, 2012
(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	$  1,206	$      85	$      62	$      26	$  1,379	$   1,531	$      87	$      55	$      31	$  1,704
Non-captive	119	—	—	—	119	226	—	1	3	230
Total	$  1,325	$     85	$      62	$      26	$  1,498	$   1,757	$      87	$      56	$      34	$  1,934

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
September 28, 2013
Captive	$	64	$	76	$	140	$	143	$	21	$	135
Non-captive	—		—		—		—		—		24
Total	$	64	$	76	$	140	$	143	$	21	$	159
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

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

	September 28, 2013				December 29, 2012
	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	$     140	$   1,239	$      21	$      41	$      127	$   1,577	$      15	$      55
Non-captive	—	—	—	—	44	64	12	2
Total	$     140	$   1,239	$      21	$      41	$      171	$   1,641	$      27	$      57

Allowance for Losses

(In millions)	Captive			Non-captive			Total
For the nine months ended September 28, 2013
Beginning balance	$	70		$	14		$	84
Provision for losses	(6		)	(17		)	(23		)
Charge-offs	(7		)	(2		)	(9		)
Recoveries	5			6			11
Transfers	—			(1		)	(1		)
Ending balance	$	62		$	—		$	62
For the nine months ended September 29, 2012
Beginning balance	$	101		$	55		$	156
Provision for losses	1			(5		)	(4		)
Charge-offs	(40		)	(38		)	(78		)
Recoveries	8			4			12
Ending balance	$	70		$	16		$	86