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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Jan. 02, 2016
Jan. 03, 2015
Revenues      
Manufacturing revenues $ 13,710 $ 13,340 $ 13,775
Finance revenues 78 83 103
Total revenues 13,788 13,423 13,878
Costs, expenses and other      
Cost of sales 11,311 10,979 11,421
Selling and administrative expense 1,304 1,304 1,361
Interest expense 174 169 191
Special charges 123   52
Total costs, expenses and other 12,912 12,452 13,025
Income from continuing operations before income taxes 876 971 853
Income tax expense 33 273 248
Income from continuing operations 843 698 605
Income (loss) from discontinued operations, net of income taxes [1] 119 (1) (5)
Net income $ 962 $ 697 $ 600
Basic earnings per share      
Continuing operations (in dollars per share) $ 3.11 $ 2.52 $ 2.17
Discontinued operations (in dollars per share) 0.44   (0.02)
Basic earnings per share (in dollars per share) 3.55 2.52 2.15
Diluted earnings per share      
Continuing operations (in dollars per share) 3.09 2.50 2.15
Discontinued operations (in dollars per share) 0.44   (0.02)
Diluted earnings per share (in dollars per share) $ 3.53 $ 2.50 $ 2.13
[1] Income from discontinued operations, net of income taxes for the year ended December 31, 2016 primarily includes the settlement of a U.S. federal income tax audit. See Note 13 to the Consolidated Financial Statements for additional information.