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Consolidated Statements of Operations (Unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jul. 02, 2011
Jul. 03, 2010
Jul. 02, 2011
Jul. 03, 2010
Revenues        
Manufacturing revenues $ 2,695 $ 2,653 $ 5,148 $ 4,787
Finance revenues 33 56 59 132
Total revenues 2,728 2,709 5,207 4,919
Costs, expenses and other        
Cost of sales 2,225 2,188 4,280 3,963
Selling and administrative expense 295 299 599 585
Provision for losses on finance receivables 12 44 24 99
Interest expense 61 69 123 140
Special charges   10   22
Total costs, expenses and other 2,593 2,610 5,026 4,809
Income from continuing operations before income taxes 135 99 181 110
Income tax expense 43 18 58 33
Income from continuing operations 92 81 123 77
Income (loss) from discontinued operations, net of income taxes (2) 1 (4) (3)
Net income $ 90 $ 82 $ 119 $ 74
Basic earnings per share        
Continuing operations $ 0.33 $ 0.30 $ 0.44 $ 0.28
Discontinued operations $ (0.01)   $ (0.01) $ (0.01)
Basic earnings per share $ 0.32 $ 0.30 $ 0.43 $ 0.27
Diluted earnings per share        
Continuing operations $ 0.29 $ 0.27 $ 0.39 $ 0.26
Discontinued operations     $ (0.01) $ (0.01)
Diluted earnings per share $ 0.29 $ 0.27 $ 0.38 $ 0.25
Dividends per share        
Common stock $ 0.02 $ 0.02 $ 0.04 $ 0.04