Debt and Credit Facilities (Tables)

12 Months Ended

Dec. 31, 2011

Debt and Credit Facilities [Abstract]

Debt and credit facilities

(In millions)	December 31, 2011			January 1, 2011
Manufacturing group
Long-term senior debt:
Medium-term notes due 2011 (weighted-average rate of 9.83%)	$	—		$	13
6.50% due 2012		139			154
3.875% due 2013		308			315
4.50% convertible senior notes due 2013		195			504
6.20% due 2015		350			350
4.625% due 2016		250			—
5.60% due 2017		350			350
7.25% due 2019		250			250
6.625% due 2020		231			231
5.95% due 2021		250			—
Other (weighted-average rate of 3.72% and 3.12%, respectively)		136			135
		2,459			2,302
Less: Current portion of long-term debt		(146	)		(19	)
Total long-term debt		2,313			2,283
Total Manufacturing group debt	$	2,459		$	2,302
Finance group
Medium-term fixed-rate and variable-rate notes*:
Due 2011 (weighted-average rate of 3.07%)	$	—		$	374
Due 2012 (weighted-average rate of 4.43% and 4.43%, respectively)		52			52
Due 2013 (weighted-average rate of 4.50% and 4.46%, respectively)		553			553
Due 2014 (weighted-average rate of 5.07% and 5.07%, respectively)		111			111
Due 2015 (weighted-average rate of 2.50% and 3.59%, respectively)		37			14
Due 2016 (weighted-average rate of 1.94% and 4.59%, respectively		43			10
Due 2017 and thereafter (weighted-average rate of 2.86% and 3.31%, respectively)		387			242
Credit line borrowings due 2012 (weighted-average rate 0.91%)		—			1,440
Securitized debt (weighted-average rate of 2.08% and 2.01%, respectively)		469			530
6% Fixed-to-Floating Rate Junior Subordinated Notes		300			300
Fair value adjustments and unamortized discount		22			34
Total Finance group debt	$	1,974		$	3,660

* Variable-rate notes totaled approximately $100 million and $271 million at December 31, 2011 and January 1, 2011, respectively.

Required payments during the next five years on debt outstanding at December 31, 2011

(In millions)	2012		2013		2014		2015		2016
Manufacturing group	$	146	$	532	$	6	$	356	$	256
Finance group		196		693		232		169		105
	$	342	$	1,225	$	238	$	525	$	361