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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Jul. 01, 2017
Jul. 02, 2016
Revenues        
Manufacturing revenues $ 3,586 $ 3,491 $ 6,661 $ 6,672
Finance revenues 18 20 36 40
Total revenues 3,604 3,511 6,697 6,712
Costs, expenses and other        
Cost of sales 2,990 2,889 5,574 5,524
Selling and administrative expense 343 318 652 626
Interest expense 43 44 85 87
Special charges 13   50  
Total costs, expenses and other 3,389 3,251 6,361 6,237
Income from continuing operations before income taxes 215 260 336 475
Income tax expense 62 82 83 146
Income from continuing operations 153 178 253 329
Income (loss) from discontinued operations, net of income taxes   (1) 1 (2)
Net income $ 153 $ 177 $ 254 $ 327
Basic earnings per share        
Continuing operations (in dollars per share) $ 0.57 $ 0.66 $ 0.94 $ 1.21
Basic earnings per share (in dollars per share) 0.57 0.66 0.94 1.21
Diluted earnings per share        
Continuing operations (in dollars per share) 0.57 0.66 0.94 1.21
Discontinued operations (in dollars per share)   (0.01)   (0.01)
Diluted earnings per share (in dollars per share) 0.57 0.65 0.94 1.20
Dividends per share        
Common stock (in dollars per share) $ 0.02 $ 0.02 $ 0.04 $ 0.04