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Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Revenues      
Total revenues $ 13,683 $ 12,869 $ 12,382
Costs, expenses and other      
Selling and administrative expense 1,225 1,186 1,221
Interest expense, net 77 107 142
Special charges 126 0 25
Non-service components of pension and postretirement income, net (237) (240) (159)
Gain on business disposition 0 0 (17)
Total costs, expenses and other 12,596 11,853 11,509
Income from continuing operations before income taxes 1,087 1,016 873
Income tax expense 165 154 126
Income from continuing operations 922 862 747
Loss from discontinued operations (1) (1) (1)
Net income $ 921 $ 861 $ 746
Basic Earnings per share      
Continuing operations (in dollars per share) $ 4.62 $ 4.05 $ 3.33
Discontinued operations (in dollars per share) (0.01) 0 0
Basic Earnings per share (in dollars per share) 4.61 4.05 3.33
Diluted Earnings per share      
Continuing operations (in dollars per share) 4.57 4.01 3.30
Discontinued operations (in dollars per share) (0.01) 0 0
Diluted Earnings per share (in dollars per share) $ 4.56 $ 4.01 $ 3.30
Manufacturing group      
Costs, expenses and other      
Income from continuing operations $ 884 $ 835 $ 740
Finance group      
Revenues      
Total revenues 55 52 49
Costs, expenses and other      
Income from continuing operations 38 27 7
Product      
Costs, expenses and other      
Total cost of sales 9,770 9,380 8,955
Product | Manufacturing group      
Revenues      
Total revenues 11,573 10,945 10,541
Service      
Costs, expenses and other      
Total cost of sales 1,635 1,420 1,342
Service | Manufacturing group      
Revenues      
Total revenues $ 2,055 $ 1,872 $ 1,792