Accounts Receivable and Finance Receivables (Tables)

12 Months Ended

Jan. 03, 2015

Accounts Receivable and Finance Receivables

Accounts Receivable

(In millions)	January 3, 2015			December 28, 2013
Commercial	$	765		$	654
U.S. Government contracts	300			347
	1,065			1,001
Allowance for doubtful accounts	(30		)	(22		)
Total	$	1,035		$	979

Finance Receivables

(In millions)	January 3, 2015			December 28, 2013
Finance receivables	$	1,289		$	1,548
Allowance for losses	(51		)	(55		)
Total finance receivables, net	$	1,238		$	1,493

Finance receivables categorized based on credit quality indicators

(In millions)	January 3, 2015			December 28, 2013
Performing	$	1,062		$	1,285
Watchlist	111			93
Nonaccrual	81			105
Total	$	1,254		$	1,483
Nonaccrual as a percentage of finance receivables	6.46		%	7.08		%

Finance receivables by delinquency aging

(In millions)	January 3, 2015			December 28, 2013
Less than 31 days past due	$	1,080		$	1,295
31-60 days past due	117			108
61-90 days past due	28			37
Over 90 days past due	29			43
Total	$	1,254		$	1,483
60+ days contractual delinquency as a percentage of finance receivables	4.55		%	5.39		%

Summary of impaired finance receivables and the average recorded investment

(In millions)	January 3, 2015		December 28, 2013
Recorded investment:
Impaired loans with related allowance for credit losses	$	68	$	59
Impaired loans with no related allowance for credit losses	42		78
Total	$	110	$	137
Unpaid principal balance	$	115	$	141
Allowance for losses on impaired loans	20		14
Average recorded investment	115		155

Allowance for Losses

(In millions)	January 3, 2015			December 28, 2013
Balance at the beginning of year	$	55		$	84
Provision for losses	6			(23		)
Charge-offs	(17		)	(17		)
Recoveries	7			12
Transfers	—			(1		)
Balance at the end of year	$	51		$	55
Allowance based on collective evaluation		31			41
Allowance based on individual evaluation	20			14
Finance receivables evaluated collectively	1,023			1,226
Finance receivables evaluated individually	110			137