Accounts Receivable and Finance Receivables (Tables)

6 Months Ended

Jun. 28, 2014

Accounts Receivable and Finance Receivables

Accounts Receivable

(In millions)	June 28, 2014			December 28, 2013
Commercial	$	900		$	654
U.S. Government contracts	325			347
	1,225			1,001
Allowance for doubtful accounts	(25		)	(22		)
Total	$	1,200		$	979

Finance Receivables

(In millions)	June 28, 2014			December 28, 2013
Finance receivables held for investment	$	1,384		$	1,483
Allowance for losses	(54		)	(55		)
Total finance receivables held for investment, net	1,330			1,428
Finance receivables held for sale	37			65
Total finance receivables, net	$	1,367		$	1,493

Finance receivables categorized based on the internally assigned credit quality

(In millions)	June 28, 2014			December 28, 2013
Performing	$	1,176		$	1,285
Watchlist	120			93
Nonaccrual	88			105
Total	$	1,384		$	1,483
Nonaccrual as a percentage of total finance receivables	6.36		%	7.08		%

Finance receivables by delinquency aging

(In millions)	June 28, 2014		December 28, 2013
Less than 31 days past due	$	1,201	$	1,295
31-60 days past due	87		108
61-90 days past due	76		37
Over 90 days past due	20		43
Total	$	1,384	$	1,483

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

(In millions)	June 28, 2014		December 28, 2013
Recorded investment:
Impaired loans with related allowance for losses	$	66	$	59
Impaired loans with no related allowance for losses	34		78
Total	$	100	$	137
Unpaid principal balance	$	104	$	141
Allowance for losses on impaired loans	18		14
Average recorded investment	111		155

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

(In millions)	June 28, 2014		December 28, 2013
Allowance based on collective evaluation	$	36	$	41
Allowance based on individual evaluation	18		14
Finance receivables evaluated collectively	$	1,164	$	1,226
Finance receivables evaluated individually	100		137

Allowance for Losses

	Six Months Ended
(In millions)	June 28, 2014			June 29, 2013
Balance at the beginning of period	$	55		$	84
Provision for losses	6			(16		)
Charge-offs	(10		)	(8		)
Recoveries	3			7
Balance at the end of period	$	54		$	67