Accounts Receivable and Finance Receivables (Tables)

12 Months Ended

Dec. 31, 2011

Accounts Receivable and Finance Receivables [Abstract]

Accounts Receivable

(In millions)	December 31, 2011	January 1, 2011
Commercial	$          528	$	496
U.S. Government contracts	346		416
	874		912
Allowance for doubtful accounts	(18)		(20	)
	$          856	$	892

Finance Receivables

(In millions)	December 31, 2011	January 1, 2011
Aviation	$        1,876	$	2,120
Golf Equipment	69		212
Golf Mortgage	381		876
Timeshare	318		894
Structured Capital	208		317
Other liquidating	43		207
Total finance receivables	2,895		4,626
Less: Allowance for losses	156		342
Less: Finance receivables held for sale	418		413
Total finance receivables held for investment, net	$        2,321	$	3,871

Summary of financing vehicles

(In millions)	December 31, 2011	January 1, 2011
Installment contracts	$        1,816	$	2,130
Revolving loans	216		501
Leveraged leases	208		279
Finance leases	123		262
Mortgage loans	60		859
Distribution finance receivables	54		182
	$        2,477	$	4,213

Finance receivables held for investment based on the internally assigned credit quality

	December 31, 2011											January 1, 2011
(In millions)	Performing			Watchlist			Nonaccrual			Total		Performing			Watchlist			Nonaccrual			Total
Aviation	$	1,537		$	214		$	125		$	1,876	$	1,713		$	238		$	169		$	2,120
Golf Equipment		21			37			11			69		138			51			23			212
Timeshare		89			25			167			281		222			77			382			681
Structured Capital		203			5			—			208		290			27			—			317
Golf Mortgage		—			—			—			—		163			303			219			685
Other liquidating		25			—			18			43		130			11			57			198
Total	$	1,875		$	281		$	321		$	2,477	$	2,656		$	707		$	850		$	4,213
% of Total		75.7	%		11.3	%		13.0	%				63.0	%		16.8	%		20.2	%

Finance receivables held for investment by delinquency aging

	December 31, 2011										January 1, 2011
(In millions)	Less Than 31 Days Past Due		31-60 Days Past Due		61-90 Days Past Due		Over 90 Days Past Due		Total		Less Than 31 Days Past Due		31-60 Days Past Due		61-90 Days Past Due		Over 90 Days Past Due		Total
Aviation	$	1,705	$	66	$	37	$	68	$	1,876	$	1,964	$	67	$	41	$	48	$	2,120
Golf Equipment		53		3		6		7		69		171		13		9		19		212
Timeshare		238		3		—		40		281		533		14		6		128		681
Structured Capital		208		—		—		—		208		317		—		—		—		317
Golf Mortgage		—		—		—		—		—		543		12		7		123		685
Other liquidating		35		—		—		8		43		166		2		1		29		198
Total	$	2,239	$	72	$	43	$	123	$	2,477	$	3,694	$	108	$	64	$	347	$	4,213

Summary of impaired finance receivables, excluding leveraged leases

	Recorded Investment
(In millions)	Impaired Loans with No Related Allowance for Credit Losses		Impaired Loans with Related Allowance for Credit Losses		Total Impaired Loans		Unpaid Principal Balance		Allowance For Losses On Impaired Loans		Average Recorded Investment
December 31, 2011
Aviation	$	47	$	92	$	139	$	142	$	39	$	146
Timeshare		170		57		227		288		38		315
Golf Mortgage		—		—		—		—		—		232
Other liquidating		3		12		15		59		9		30
Total	$	220	$	161	$	381	$	489	$	86	$	723
January 1, 2011
Aviation	$	17	$	147	$	164	$	165	$	45	$	201
Golf Equipment		—		4		4		5		2		6
Timeshare		69		355		424		459		102		426
Golf Mortgage		138		175		313		324		39		300
Other liquidating		30		16		46		104		3		79
Total	$	254	$	697	$	951	$	1,057	$	191	$	1,012

Summary of troubled debt restructurings resulting in transfers of assets

(Dollars in millions)	Number of Customers		Pre- Modification Recorded Investment		Post- Modification Asset Balance
Aviation		27	$	53	$	32
Golf Mortgage		5		59		39
Timeshare		2		96		60

Allowance for Losses

(In millions)	Aviation			Golf Equipment			Golf Mortgage			Timeshare			Other Liquidating			Total
Balance at January 2, 2010	$	114		$	9		$	65		$	79		$	74		$	341
Provision for losses		37			14			66			38			(12	)		143
Net charge-offs		(44	)		(7	)		(52	)		(7	)		(28	)		(138	)
Transfers		—			—			—			(4	)		—			(4	)
Balance at January 1, 2011		107			16			79			106			34			342
Provision for losses		18			(3	)		25			(26	)		(2	)		12
Net charge-offs		(30	)		(4	)		(24	)		(40	)		(4	)		(102	)
Transfers		—			(3	)		(80	)		—			(13	)		(96	)
Balance at December 31, 2011	$	95		$	6		$	—		$	40		$	15		$	156

Allowance for losses on finance receivables on an individual and on a collective basis

	December 31, 2011										January 1, 2011
	Finance Receivables Evaluated						Allowance Based on Individual Evaluation		Allowance Based on Collective Evaluation		Finance Receivables Evaluated						Allowance Based on Individual Evaluation		Allowance Based on Collective Evaluation
(In millions)	Individually		Collectively		Total						Individually		Collectively		Total
Aviation	$	139	$	1,737	$	1,876	$	39	$	56	$	164	$	1,956	$	2,120	$	45	$	62
Golf Equipment		2		67		69		1		5		4		208		212		2		14
Timeshare		227		54		281		38		2		424		257		681		102		4
Golf Mortgage		—		—		—		—		—		313		372		685		39		40
Other liquidating		15		28		43		9		6		41		195		236		3		31
Total	$	383	$	1,886	$	2,269	$	87	$	69	$	946	$	2,988	$	3,934	$	191	$	151

Summary of captive finance receivables for the inventory sales

(In millions)	December 31, 2011	January 1, 2011
Installment contracts	$        1,488	$	1,652
Finance leases	121		220
Distribution finance receivables	8		18
Total	$        1,617	$	1,890