BILLINGS IN EXCESS OF COSTS AND ACCRUED EARNINGS ON CONTRACTS

6 Months Ended

Jul. 04, 2014

Notes to Financial Statements [Abstract]

BILLINGS IN EXCESS OF COSTS AND ACCRUED EARNINGS ON CONTRACTS

NOTE 7. BILLINGS IN EXCESS OF COSTS AND ACCRUED EARNINGS ON CONTRACTS

Billings in excess of costs and accrued earnings on contracts consisted of the following:

		July 4,		January 3,
(In millions)		2014		2014
Billings in excess of costs and accrued earnings on contracts		$	182	$	193
Project-related legal liabilities and other project-related reserves			37		35
Estimated losses on uncompleted contracts			3		5
	Total	$	222	$	233