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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Sep. 30, 2017
Oct. 01, 2016
Revenues        
Manufacturing revenues $ 3,466 $ 3,231 $ 10,127 $ 9,903
Finance revenues 18 20 54 60
Total revenues 3,484 3,251 10,181 9,963
Costs, expenses and other        
Cost of sales 2,877 2,661 8,451 8,185
Selling and administrative expense 335 323 987 949
Interest expense 44 45 129 132
Special charges 25 115 75 115
Total costs, expenses and other 3,281 3,144 9,642 9,381
Income from continuing operations before income taxes 203 107 539 582
Income tax benefit (expense) (44) 192 (127) 46
Income from continuing operations 159 299 412 628
Income from discontinued operations, net of income taxes [1]   122 1 120
Net income $ 159 $ 421 $ 413 $ 748
Basic earnings per share        
Continuing operations (in dollars per share) $ 0.60 $ 1.11 $ 1.54 $ 2.32
Discontinued operations (in dollars per share)   0.45   0.44
Basic earnings per share (in dollars per share) 0.60 1.56 1.54 2.76
Diluted earnings per share        
Continuing operations (in dollars per share) 0.60 1.10 1.53 2.31
Discontinued operations (in dollars per share)   0.45   0.44
Diluted earnings per share (in dollars per share) 0.60 1.55 1.53 2.75
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 12 for additional information.