Debt and Credit Facilities (Tables)

12 Months Ended

Dec. 31, 2016

(In millions)		December 31, 2016		January 2, 2016
Manufacturing group
4.625% due 2016	$	—	$	250
5.60% due 2017		350		350
Variable-rate note due 2018 (2.09% and 1.58%, respectively)		150		150
7.25% due 2019		250		250
Variable-rate note due 2019 (1.95% and 1.59%, respectively)		200		200
6.625% due 2020		184		222
3.65% due 2021		250		250
5.95% due 2021		250		250
4.30% due 2024		350		350
3.875% due 2025		350		350
4.00% due 2026		350		—
Other (weighted-average rate of 2.86% and 1.29%, respectively)		93		75
Total Manufacturing group debt	$	2,777	$	2,697
Less: Short-term debt and current portion of long-term debt		(363)		(262)
Total Long-term debt	$	2,414	$	2,435
Finance group
Fixed-rate notes due 2016-2017 (weighted-average rate of 4.59%) (a)	$	10	$	21
Variable-rate note due 2018 (weighted-average rate of 1.89% and 1.53%, respectively)		200		200
2.26% note due 2019		150		—
Fixed-rate notes due 2017-2025 (weighted-average rate of 2.87% and 2.79%, respectively) (a) (b)		202		300
Variable-rate notes due 2016-2025 (weighted-average rate of 1.97% and 1.54%, respectively) (a) (b)		42		52
Securitized debt (weighted-average rate of 1.71%)		—		41
6% Fixed-to-Floating Rate Junior Subordinated Notes		299		299
Total Finance group debt	$	903	$	913

(a)

Notes amortize on a quarterly or semi-annual basis.

(b)

Notes are secured by finance receivables as described in Note 3.