Derivative Instruments and Fair Value Measurements (Tables)

6 Months Ended

Jul. 02, 2011

Derivative Instruments and Fair Value Measurements [Abstract]

Fair value of derivative instruments designated as hedging instruments

			Asset (Liability)
			July 2,			January 1,
(In millions)	Borrowing Group	Balance Sheet Location	2011			2011
Assets
Interest rate exchange contracts*	Finance	Other assets	$	29		$	34
Foreign currency exchange contracts	Manufacturing	Other current assets		42			39
Total			$	71		$	73
Liabilities
Interest rate exchange contracts*	Finance	Other liabilities	$	(5	)	$	(6	)
Foreign currency exchange contracts	Manufacturing	Accrued liabilities		(9	)		(2	)
Total			$	(14	)	$	(8	)

Assets measured at fair value on a nonrecurring basis

					Gain (Loss)
	Balance at				Six Months Ended
	July 2,		July 3,		July 2,			July 3,
(In millions)	2011		2010		2011			2010
Finance group
Impaired finance receivables	$	407	$	519	$	(50	)	$	(104	)
Finance receivables held for sale		180		421		(14	)		(15	)
Other assets		91		87		(18	)		(26	)

Carrying value and estimated fair values of financial instruments

	July 2, 2011						January 1, 2011
	Carrying			Estimated			Carrying			Estimated
(In millions)	Value			Fair Value			Value			Fair Value
Manufacturing group
Long-term debt, excluding leases	$	(2,219	)	$	(2,776	)	$	(2,172	)	$	(2,698	)
Finance group
Finance receivables held for investment, excluding leases		2,878			2,639			3,345			3,131
Debt		(2,499	)		(2,442	)		(3,660	)		(3,528	)