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Consolidated Balance Sheets - USD ($)
$ in Millions
Jan. 01, 2022
Jan. 02, 2021
Assets    
Inventories $ 3,468 $ 3,513
Property, plant and equipment, net 2,538 2,516
Finance receivables, net 605 744
Assets 15,827 15,443
Liabilities    
Total liabilities 9,012 9,598
Shareholders' equity    
Common stock (219.2 million and 231.0 million shares issued, respectively, and 216.9 million and 226.4 million shares outstanding, respectively) 28 29
Capital surplus 1,863 1,785
Treasury stock (157) (203)
Retained earnings 5,870 5,973
Accumulated other comprehensive loss (789) (1,739)
Total shareholders’ equity 6,815 5,845
Total liabilities and shareholders’ equity 15,827 15,443
Manufacturing group    
Assets    
Cash and equivalents 1,922 2,146
Accounts receivable, net 838 787
Inventories 3,468 3,513
Other current assets 1,018 950
Total current assets 7,246 7,396
Property, plant and equipment, net 2,538 2,516
Goodwill 2,149 2,157
Other assets 3,027 2,436
Assets 14,960 14,505
Liabilities    
Current portion of long-term debt 6 509
Accounts payable 786 776
Other current liabilities 2,344 1,985
Total current liabilities 3,136 3,270
Other liabilities 2,005 2,357
Long-term debt 3,179 3,198
Debt 3,185 3,707
Total liabilities 8,320 8,825
Finance group    
Assets    
Cash and equivalents 195 108
Finance receivables, net 605 744
Other assets 67 86
Assets 867 938
Liabilities    
Other liabilities 110 111
Debt 582 662
Total liabilities $ 692 $ 773