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Consolidated Statements of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 29, 2013
Jun. 30, 2012
Jun. 29, 2013
Jun. 30, 2012
Revenues        
Manufacturing revenues $ 2,808 $ 2,964 $ 5,621 $ 5,759
Finance revenues 31 55 73 116
Total revenues 2,839 3,019 5,694 5,875
Costs and expenses        
Cost of sales 2,338 2,435 4,720 4,747
Selling and administrative expense 296 276 575 588
Interest expense 42 53 93 108
Total costs and expenses 2,676 2,764 5,388 5,443
Income from continuing operations before income taxes 163 255 306 432
Income tax expense 49 82 77 139
Income from continuing operations 114 173 229 293
Income (loss) from discontinued operations, net of income taxes (1) (1) 3 (3)
Net income $ 113 $ 172 $ 232 $ 290
Basic earnings per share        
Continuing operations (in dollars per share) $ 0.41 $ 0.61 $ 0.83 $ 1.04
Discontinued operations (in dollars per share) $ (0.01)   $ 0.01 $ (0.01)
Basic earnings per share (in dollars per share) $ 0.40 $ 0.61 $ 0.84 $ 1.03
Diluted earnings per share        
Continuing operations (in dollars per share) $ 0.40 $ 0.58 $ 0.80 $ 0.99
Discontinued operations (in dollars per share)     $ 0.01 $ (0.01)
Diluted earnings per share (in dollars per share) $ 0.40 $ 0.58 $ 0.81 $ 0.98
Dividends per share        
Common stock (in dollars per share) $ 0.02 $ 0.02 $ 0.04 $ 0.04