Accounts Receivable and Finance Receivables (Tables)

3 Months Ended

Mar. 29, 2014

Accounts Receivable and Finance Receivables

Accounts Receivable

(In millions)	March 29, 2014			December 28, 2013
Commercial	$	849		$	654
U.S. Government contracts	317			347
	1,166			1,001
Allowance for doubtful accounts	(25		)	(22		)
Total	$	1,141		$	979

Finance Receivables

(In millions)	March 29, 2014			December 28, 2013
Finance receivables held for investment	$	1,427		$	1,483
Allowance for losses	(54		)	(55		)
Total finance receivables held for investment, net	1,373			1,428
Finance receivables held for sale	61			65
Total finance receivables, net	$	1,434		$	1,493

Finance receivables categorized based on the internally assigned credit quality

(In millions)	March 29, 2014		December 28, 2013
Performing	$	1,208	$	1,285
Watchlist	121		93
Nonaccrual	98		105
Total	$	1,427	$	1,483
Nonaccrual as a percentage of total finance receivables	6.87%		7.08%

Finance receivables by delinquency aging

(In millions)	March 29, 2014		December 28, 2013
Less than 31 days past due	$	1,204	$	1,295
31-60 days past due	98		108
61-90 days past due	87		37
Over 90 days past due	38		43
Total	$	1,427	$	1,483

Summary of impaired finance receivables, excluding leveraged leases, and the average recorded investment

(In millions)	March 29, 2014		December 28, 2013
Recorded investment:
Impaired loans with no related allowance for losses	$	35	$	78
Impaired loans with related allowance for losses	62		59
Total	$	97	$	137
Unpaid principal balance	$	101	$	141
Allowance for losses on impaired loans	16		14
Average recorded investment	117		155

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

(In millions)	March 29, 2014		December 28, 2013
Allowance based on collective evaluation	$	38	$	41
Allowance based on individual evaluation	16		14
Finance receivables evaluated collectively	$	1,209	$	1,226
Finance receivables evaluated individually	97		137

Allowance for Losses

	Three Months Ended
(In millions)	March 29, 2014			March 30, 2013
Balance at the beginning of period	$	55		$	84
Provision for losses	4			(7		)
Charge-offs	(6		)	(3		)
Recoveries	1			3
Balance at the end of period	$	54		$	77