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Derivative Instruments and Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2016
Derivative Instruments and Fair Value Measurements  
Carrying value and estimated fair value of financial instruments

 

 

December 31, 2016

 

January 2, 2016

(In millions)

 

Carrying
Value

 

Estimated
Fair Value

 

Carrying
Value

 

Estimated
Fair Value

Manufacturing group

 

 

 

 

 

 

 

 

Debt, excluding leases

$

(2,690)

$

(2,809)

$

(2,628)

$

(2,744)

Finance group

 

 

 

 

 

 

 

 

Finance receivables, excluding leases

 

729

 

758

 

863

 

820

Debt

 

(903)

 

(831)

 

(913)

 

(840)