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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 01, 2016
Oct. 03, 2015
Oct. 01, 2016
Oct. 03, 2015
Revenues        
Manufacturing revenues $ 3,231 $ 3,163 $ 9,903 $ 9,437
Finance revenues 20 17 60 63
Total revenues 3,251 3,180 9,963 9,500
Costs, expenses and other        
Cost of sales 2,661 2,584 8,185 7,728
Selling and administrative expense 323 303 949 969
Interest expense 45 41 132 126
Special charges 115   115  
Total costs, expenses and other 3,144 2,928 9,381 8,823
Income from continuing operations before income taxes 107 252 582 677
Income tax benefit (expense) 192 (76) 46 (204)
Income from continuing operations 299 176 628 473
Income (loss) from discontinued operations, net of income taxes [1] 122   120 (2)
Net income $ 421 $ 176 $ 748 $ 471
Basic earnings per share        
Continuing operations (in dollars per share) $ 1.11 $ 0.64 $ 2.32 $ 1.71
Discontinued operations (in dollars per share) 0.45   0.44 (0.01)
Basic earnings per share (in dollars per share) 1.56 0.64 2.76 1.70
Diluted earnings per share        
Continuing operations (in dollars per share) 1.10 0.63 2.31 1.69
Discontinued operations (in dollars per share) 0.45   0.44 (0.01)
Diluted earnings per share (in dollars per share) 1.55 0.63 2.75 1.68
Dividends per share        
Common stock (in dollars per share) $ 0.02 $ 0.02 $ 0.06 $ 0.06
[1] Income from discontinued operations, net of income taxes for the three and nine months ended October 1, 2016 primarily includes the settlement of a U.S. federal income tax audit. See Note 13 for additional information.