0001104659-16-134869.txt : 20160728 0001104659-16-134869.hdr.sgml : 20160728 20160728103144 ACCESSION NUMBER: 0001104659-16-134869 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 68 CONFORMED PERIOD OF REPORT: 20160702 FILED AS OF DATE: 20160728 DATE AS OF CHANGE: 20160728 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TEXTRON INC CENTRAL INDEX KEY: 0000217346 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT & PARTS [3720] IRS NUMBER: 050315468 STATE OF INCORPORATION: DE FISCAL YEAR END: 0102 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-05480 FILM NUMBER: 161788799 BUSINESS ADDRESS: STREET 1: 40 WESTMINSTER ST CITY: PROVIDENCE STATE: RI ZIP: 02903 BUSINESS PHONE: 4014212800 MAIL ADDRESS: STREET 1: 40 WESTMINSTER ST CITY: PROVIDENCE STATE: RI ZIP: 02903 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN TEXTRON INC DATE OF NAME CHANGE: 19710510 10-Q 1 a16-11476_110q.htm 10-Q

Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

 

 

Form 10-Q

 

 

 

 

 

(Mark One)

[ X ]

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

 

For the quarterly period ended July 2, 2016

 

 

 

OR

 

 

[    ]

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from            to           .

 

Commission File Number 1-5480

 

 

Textron Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

 

05-0315468

(State or other jurisdiction of incorporation or organization)

 

(I.R.S. Employer Identification No.)

 

40 Westminster Street, Providence, RI

 

02903

(Address of principal executive offices)

 

(Zip code)

 

(401) 421-2800

(Registrant’s telephone number, including area code)

 

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.   Yes   ü  No____

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes   ü  No____

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act (Check one):

 

Large accelerated filer [  ü ]

Accelerated filer [ ___ ]

Non-accelerated filer [ ___ ]

Smaller reporting company [ ___ ]

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ___  No   ü

 

As of July 15, 2016, there were 269,463,621 shares of common stock outstanding.

 



Table of Contents

 

TEXTRON INC.

Index to Form 10-Q

For the Quarterly Period Ended July 2, 2016

 

 

 

 

Page

PART I.

FINANCIAL INFORMATION

 

 

 

 

Item 1.

Financial Statements

 

 

Consolidated Statements of Operations (Unaudited)

3

 

Consolidated Statements of Comprehensive Income (Unaudited)

4

 

Consolidated Balance Sheets (Unaudited)

5

 

Consolidated Statements of Cash Flows (Unaudited)

6

 

Notes to the Consolidated Financial Statements (Unaudited)

 

 

Note 1.

Basis of Presentation

8

 

Note 2.

Business Acquisitions

9

 

Note 3.

Retirement Plans

9

 

Note 4.

Earnings Per Share

10

 

Note 5.

Accounts Receivable and Finance Receivables

10

 

Note 6.

Inventories

12

 

Note 7.

Warranty Liability

12

 

Note 8.

Debt

13

 

Note 9.

Derivative Instruments and Fair Value Measurements

13

 

Note 10.

Accumulated Other Comprehensive Loss and Other Comprehensive Income (Loss)

14

 

Note 11.

Commitments and Contingencies

15

 

Note 12.

Segment Information

16

 

Note 13.

Subsequent Events

16

 

 

 

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

17

Item 3.

Quantitative and Qualitative Disclosures about Market Risk

26

Item 4.

Controls and Procedures

26

 

 

 

PART II.

OTHER INFORMATION

 

 

 

 

Item 1.

Legal Proceedings

27

Item 6.

Exhibits

28

 

Signatures

28

 

2



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PART I.  FINANCIAL INFORMATION

 

Item 1.  FINANCIAL STATEMENTS

 

TEXTRON INC.
Consolidated Statements of Operations (Unaudited)

 

 

Three Months Ended

Six Months Ended

(In millions, except per share amounts)

July 2,
2016

July 4,
2015

July 2,
2016

July 4,
2015

Revenues

 

 

 

 

Manufacturing revenues

     $

3,491

     $

3,223

     $

6,672

     $

6,274

Finance revenues

20

24

40

46

Total revenues

3,511

3,247

6,712

6,320

Costs and expenses

 

 

 

 

Cost of sales

2,889

2,635

5,524

5,144

Selling and administrative expense

318

329

626

666

Interest expense

44

42

87

85

Total costs and expenses

3,251

3,006

6,237

5,895

Income from continuing operations before income taxes

260

241

475

425

Income tax expense

82

72

146

128

Income from continuing operations

178

169

329

297

Loss from discontinued operations, net of income taxes

(1)

(2)

(2)

(2)

Net income

     $

177

     $

167

     $

327

     $

295

Basic earnings per share

 

 

 

 

Continuing operations

     $

0.66

     $

0.61

     $

1.21

     $

1.07

Discontinued operations

(0.01)

(0.01)

Basic earnings per share

     $

0.66

     $

0.60

     $

1.21

     $

1.06

Diluted earnings per share

 

 

 

 

Continuing operations

     $

0.66

     $

0.60

     $

1.21

     $

1.06

Discontinued operations

(0.01)

(0.01)

(0.01)

Diluted earnings per share

     $

0.65

     $

0.60

     $

1.20

     $

1.05

Dividends per share

 

 

 

 

Common stock

     $

0.02

     $

0.02

     $

0.04

     $

0.04

 

See Notes to the Consolidated Financial Statements.

 

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TEXTRON INC.

Consolidated Statements of Comprehensive Income (Unaudited)

 

 

 

Three Months Ended

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

July 2,
2016

July 4,
2015

Net income

     $

177

     $

167

     $

327

     $

295

Other comprehensive income (loss), net of tax:

 

 

 

 

Pension and postretirement benefits adjustments, net of reclassifications

15

87

36

111

Deferred gains (losses) on hedge contracts, net of reclassifications

4

4

25

(8)

Foreign currency translation adjustments

(20)

10

4

(46)

Other comprehensive income (loss)

(1)

101

65

57

Comprehensive income

     $

176

     $

268

     $

392

     $

352

 

See Notes to the Consolidated Financial Statements.

 

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TEXTRON INC.

Consolidated Balance Sheets (Unaudited)

 

(Dollars in millions)

July 2,
2016

January 2,
2016

Assets

 

 

Manufacturing group

 

 

Cash and equivalents

     $

661

     $

946

Accounts receivable, net

1,144

1,047

Inventories

4,595

4,144

Other current assets

370

341

Total current assets

6,770

6,478

Property, plant and equipment, less accumulated
depreciation and amortization of $4,082 and $3,915

2,582

2,492

Goodwill

2,118

2,023

Other assets

2,339

2,399

Total Manufacturing group assets

13,809

13,392

Finance group

 

 

Cash and equivalents

82

59

Finance receivables, net

985

1,087

Other assets

158

170

Total Finance group assets

1,225

1,316

Total assets

     $

15,034

     $

14,708

Liabilities and shareholders’ equity

 

 

Liabilities

 

 

Manufacturing group

 

 

Short-term debt and current portion of long-term debt

     $

278

     $

262

Accounts payable

1,218

1,063

Accrued liabilities

2,202

2,467

Total current liabilities

3,698

3,792

Other liabilities

2,293

2,376

Long-term debt

2,785

2,435

Total Manufacturing group liabilities

8,776

8,603

Finance group

 

 

Other liabilities

223

228

Debt

849

913

Total Finance group liabilities

1,072

1,141

Total liabilities

9,848

9,744

Shareholders’ equity

 

 

Common stock

36

36

Capital surplus

1,643

1,587

Treasury stock

(774)

(559)

Retained earnings

5,614

5,298

Accumulated other comprehensive loss

(1,333)

(1,398)

Total shareholders’ equity

5,186

4,964

Total liabilities and shareholders’ equity

     $

15,034

     $

14,708

Common shares outstanding (in thousands)

269,344

274,228

 

See Notes to the Consolidated Financial Statements.

 

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TEXTRON INC.

Consolidated Statements of Cash Flows (Unaudited)

For the Six Months Ended July 2, 2016 and July 4, 2015, respectively

 

 

Consolidated

(In millions)

2016

2015

Cash flows from operating activities

 

 

Net income

     $

327

     $

295

Less: Loss from discontinued operations

(2)

(2)

Income from continuing operations

329

297

Adjustments to reconcile income from continuing operations
to net cash provided by (used in) operating activities:

 

 

Non-cash items:

 

 

Depreciation and amortization

223

220

Deferred income taxes

32

(15)

Other, net

51

53

Changes in assets and liabilities:

 

 

Accounts receivable, net

(80)

(144)

Inventories

(454)

(516)

Other assets

28

(24)

Accounts payable

147

123

Accrued and other liabilities

(377)

27

Income taxes, net

12

93

Pension, net

14

40

Captive finance receivables, net

48

53

Other operating activities, net

(3)

(2)

Net cash provided by (used in) operating activities of continuing operations

(30)

205

Net cash used in operating activities of discontinued operations

(1)

(3)

Net cash provided by (used in) operating activities

(31)

202

Cash flows from investing activities

 

 

Capital expenditures

(207)

(173)

Net cash used in acquisitions

(179)

(34)

Finance receivables repaid

36

46

Other investing activities, net

52

26

Net cash used in investing activities

(298)

(135)

Cash flows from financing activities

 

 

Proceeds from long-term debt

362

9

Increase in short-term debt

12

105

Principal payments on long-term debt and nonrecourse debt

(90)

(130)

Purchases of Textron common stock

(215)

(87)

Dividends paid

(11)

(11)

Other financing activities, net

10

21

Net cash provided by (used in) financing activities

68

(93)

Effect of exchange rate changes on cash and equivalents

(1)

(4)

Net decrease in cash and equivalents

(262)

(30)

Cash and equivalents at beginning of period

1,005

822

Cash and equivalents at end of period

     $

743

     $

792

 

See Notes to the Consolidated Financial Statements.

 

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TEXTRON INC.

Consolidated Statements of Cash Flows (Unaudited) (Continued)

For the Six Months Ended July 2, 2016 and July 4, 2015, respectively

 

 

Manufacturing Group

Finance Group

(In millions)

2016

2015

2016

2015

Cash flows from operating activities

 

 

 

 

Net income

     $

320

     $

285

     $

7

     $

10

Less: Loss from discontinued operations

(2)

(2)

Income from continuing operations

322

287

7

10

Adjustments to reconcile income from continuing operations
to net cash provided by (used in) operating activities:

 

 

 

 

Non-cash items:

 

 

 

 

Depreciation and amortization

217

215

6

5

Deferred income taxes

37

(6)

(5)

(9)

Other, net

51

51

2

Changes in assets and liabilities:

 

 

 

 

Accounts receivable, net

(80)

(144)

Inventories

(441)

(525)

Other assets

29

(34)

(1)

10

Accounts payable

147

123

Accrued and other liabilities

(373)

33

(4)

(6)

Income taxes, net

10

78

2

15

Pension, net

14

40

Dividends received from Finance group

29

Other operating activities, net

(3)

(2)

Net cash provided by (used in) operating activities of continuing operations

(41)

116

5

27

Net cash used in operating activities of discontinued operations

(1)

(3)

Net cash provided by (used in) operating activities

(42)

113

5

27

Cash flows from investing activities

 

 

 

 

Capital expenditures

(207)

(173)

Net cash used in acquisitions

(179)

(34)

Finance receivables repaid

170

181

Finance receivables originated

(86)

(82)

Other investing activities, net

3

36

35

Net cash provided by (used in) investing activities

(383)

(207)

120

134

Cash flows from financing activities

 

 

 

 

Proceeds from long-term debt

345

17

9

Increase in short-term debt

12

105

Principal payments on long-term debt and nonrecourse debt

(90)

(130)

Purchases of Textron common stock

(215)

(87)

Dividends paid

(11)

(11)

(29)

Other financing activities, net

10

21

Net cash provided by (used in) financing activities

141

28

(102)

(121)

Effect of exchange rate changes on cash and equivalents

(1)

(4)

Net increase (decrease) in cash and equivalents

(285)

(70)

23

40

Cash and equivalents at beginning of period

946

731

59

91

Cash and equivalents at end of period

     $

661

     $

661

     $

82

     $

131

 

See Notes to the Consolidated Financial Statements.

 

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TEXTRON INC.

Notes to the Consolidated Financial Statements (Unaudited)

 

 

Note 1.  Basis of Presentation

 

Our Consolidated Financial Statements include the accounts of Textron Inc. (Textron) and its majority-owned subsidiaries.  We have prepared these unaudited consolidated financial statements in accordance with accounting principles generally accepted in the U.S. for interim financial information.  Accordingly, these interim financial statements do not include all of the information and footnotes required by accounting principles generally accepted in the U.S. for complete financial statements.  The consolidated interim financial statements included in this quarterly report should be read in conjunction with the consolidated financial statements included in our Annual Report on Form 10-K for the year ended January 2, 2016.  In the opinion of management, the interim financial statements reflect all adjustments (consisting only of normal recurring adjustments) that are necessary for the fair presentation of our consolidated financial position, results of operations and cash flows for the interim periods presented.  The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year.

 

Our financings are conducted through two separate borrowing groups.  The Manufacturing group consists of Textron consolidated with its majority-owned subsidiaries that operate in the Textron Aviation, Bell, Textron Systems and Industrial segments. The Finance group, which also is the Finance segment, consists of Textron Financial Corporation and its consolidated subsidiaries. We designed this framework to enhance our borrowing power by separating the Finance group. Our Manufacturing group operations include the development, production and delivery of tangible goods and services, while our Finance group provides financial services. Due to the fundamental differences between each borrowing group’s activities, investors, rating agencies and analysts use different measures to evaluate each group’s performance.  To support those evaluations, we present balance sheet and cash flow information for each borrowing group within the Consolidated Financial Statements.  All significant intercompany transactions are eliminated from the Consolidated Financial Statements, including retail financing activities for inventory sold by our Manufacturing group and financed by our Finance group.

 

Use of Estimates

We prepare our financial statements in conformity with generally accepted accounting principles, which require us to make estimates and assumptions that affect the amounts reported in the financial statements.  Actual results could differ from those estimates.  Our estimates and assumptions are reviewed periodically, and the effects of changes, if any, are reflected in the Consolidated Statements of Operations in the period that they are determined.

 

During 2016 and 2015, we changed our estimates of revenues and costs on certain long-term contracts that are accounted for under the percentage-of-completion method of accounting.  These changes in estimates increased income from continuing operations before income taxes in the second quarter of 2016 and 2015 by $10 million and $36 million, respectively, ($6 million and $23 million after tax, or $0.02 and $0.08 per diluted share, respectively). For the second quarter of 2016 and 2015, the gross favorable program profit adjustments totaled $19 million and $40 million, respectively, and the gross unfavorable program profit adjustments totaled $9 million and $4 million, respectively.

 

The changes in estimates increased income from continuing operations before income taxes in the first half of 2016 and 2015 by $39 million and $54 million, respectively, ($25 million and $34 million after tax, or $0.09 and $0.12 per diluted share, respectively).  For the first half of 2016 and 2015, the gross favorable program profit adjustments totaled $53 million and $73 million, respectively, and the gross unfavorable program profit adjustments totaled $14 million and $19 million, respectively.

 

New Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, that outlines a comprehensive five-step revenue recognition model based on the principle that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. In July 2015, the FASB approved a one-year deferral of the effective date of the standard to the beginning of 2018 for public companies, with an option that would permit companies to adopt the standard as early as the original effective date of 2017.  The new standard may be adopted either retrospectively or on a modified retrospective basis whereby it would be applied to new contracts and existing contracts with remaining performance obligations as of the effective date, with a cumulative catch-up adjustment recorded to beginning retained earnings at the effective date for those contracts.  We are currently evaluating the impacts of adoption on our consolidated financial position, results of operations and related disclosures, along with the implementation approach to be used.

 

In February 2016, the FASB issued ASU No. 2016-02, Leases, that requires all leases with a term greater than 12 months be recognized on the balance sheet, while lease expenses would continue to be recognized in the statement of operations in a manner similar to current accounting guidance.  The new standard is effective for our company at the beginning of fiscal 2019 and early adoption is permitted.  Entities must adopt the standard on a modified retrospective basis whereby it would be applied at the

 

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beginning of the earliest comparative year.  We are currently evaluating the impact of adoption on our consolidated financial statements.

 

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses. For most financial assets, such as trade and other receivables, loans and other instruments, this standard changes the current incurred loss model to a forward-looking expected credit loss model, which generally will result in the earlier recognition of allowances for losses.  The new standard is effective for our company at the beginning of fiscal 2020 with early adoption permitted beginning in fiscal 2019.  Entities are required to apply the provisions of the standard through a cumulative-effect adjustment to retained earnings as of the effective date.  We are currently evaluating the impact of adoption on our consolidated financial statements.

 

Note 2.  Business Acquisitions

 

In the first half of 2016, we paid $179 million in cash and assumed debt of $19 million to acquire five businesses, net of cash acquired and holdbacks.  Our acquisition of Able Engineering and Component Services, Inc. and Able Aerospace, Inc. (Able) in the first quarter represented the largest of these businesses and is included in the Textron Aviation segment.  Able is an industry-leading repair and overhaul business that provides component repairs, component exchanges and replacement parts, among other support and service offerings for commercial rotorcraft and fixed-wing aircraft customers around the world.  We are in the process of allocating the purchase price and valuing the acquired assets and liabilities for these acquisitions.  Based on the preliminary allocation of the aggregate purchase price for these acquisitions, $95 million has been allocated to goodwill, related to expected synergies and the value of the existing workforce, and $63 million to intangible assets.  Of the recorded goodwill, approximately $37 million is deductible for tax purposes.  The intangible assets are primarily related to customer relationships and technologies, which will be amortized over 10 to 18 years.  The operating results of these acquisitions have been included in the Consolidated Statements of Operations since their respective closing dates.

 

Note 3.  Retirement Plans

 

We provide defined benefit pension plans and other postretirement benefits to eligible employees.  The components of net periodic benefit cost (credit) for these plans are as follows:

 

 

Three Months Ended

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

July 2,
2016

July 4,
2015

Pension Benefits

 

 

 

 

Service cost

   $

25

   $

29

   $

49

   $

59

Interest cost

85

82

170

163

Expected return on plan assets

(122)

(121)

(245)

(242)

Amortization of net actuarial loss

26

39

52

78

Amortization of prior service cost

3

4

7

8

Curtailment and other charges

6

6

Net periodic benefit cost

   $

17

   $

39

   $

33

   $

72

Postretirement Benefits Other Than Pensions

 

 

 

 

Service cost

   $

   $

1

   $

1

   $

2

Interest cost

4

4

8

8

Amortization of prior service credit

(5)

(6)

(11)

(12)

Net periodic benefit credit

   $

(1)

   $

(1)

   $

(2)

   $

(2)

 

In April 2015, our Bell segment announced cost reduction actions that resulted in a headcount reduction of approximately 12% of the Bell workforce.  We determined that a curtailment had occurred in Bell’s pension plan as a result of this reduction, which triggered a remeasurement of the projected benefit obligation. We remeasured Bell’s pension plan incorporating a 50 basis-point increase in the discount rate to 4.75%, while other assumptions remained consistent with year-end.  The remeasurement reduced our unrealized losses by approximately $98 million which was recorded in other comprehensive income in the second quarter of 2015.

 

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Note 4.  Earnings Per Share

 

We calculate basic and diluted earnings per share (EPS) based on net income, which approximates income available to common shareholders for each period. Basic EPS is calculated using the two-class method, which includes the weighted-average number of common shares outstanding during the period and restricted stock units to be paid in stock that are deemed participating securities as they provide nonforfeitable rights to dividends. Diluted EPS considers the dilutive effect of all potential future common stock, including stock options.

 

The weighted-average shares outstanding for basic and diluted EPS are as follows:

 

 

Three Months Ended

Six Months Ended

(In thousands)

July 2,
2016

July 4,
2015

July 2,
2016

July 4,
2015

Basic weighted-average shares outstanding

269,888

277,715

270,774

277,808

Dilutive effect of stock options

1,428

2,220

1,398

2,216

Diluted weighted-average shares outstanding

271,316

279,935

272,172

280,024

 

Stock options to purchase 5 million shares of common stock are excluded from the calculation of diluted weighted average shares outstanding for both the three and six months ended July 2, 2016, as their effect would have been anti-dilutive.  Stock options to purchase 2 million and 1 million shares of common stock are excluded from the calculation of diluted weighted average shares outstanding for the three and six months ended July 4, 2015, respectively, as their effect would have been anti-dilutive.

 

Note 5.  Accounts Receivable and Finance Receivables

 

Accounts Receivable

Accounts receivable is composed of the following:

 

(In millions)

July 2,
2016

January 2,
2016

Commercial

   $

902

   $

841

U.S. Government contracts

274

239

 

1,176

1,080

Allowance for doubtful accounts

(32)

(33)

Total

   $

1,144

   $

1,047

 

We have unbillable receivables, primarily on U.S. Government contracts, that arise when the revenues we have appropriately recognized based on performance cannot be billed yet under terms of the contract.  Unbillable receivables within accounts receivable totaled $188 million at July 2, 2016 and $135 million at January 2, 2016.

 

Finance Receivables

Finance receivables are presented in the following table:

 

(In millions)

July 2,
2016

January 2,
2016

Finance receivables*

   $

1,027

   $

1,135

Allowance for losses

(42)

(48)

Total finance receivables, net

   $

985

   $

1,087

* Includes finance receivables held for sale of $30 million at both July 2, 2016 and January 2, 2016.

 

Credit Quality Indicators and Nonaccrual Finance Receivables

We internally assess the quality of our finance receivables based on a number of key credit quality indicators and statistics such as delinquency, loan balance to estimated collateral value and the financial strength of individual borrowers and guarantors. Because many of these indicators are difficult to apply across an entire class of receivables, we evaluate individual loans on a quarterly basis and classify these loans into three categories based on the key credit quality indicators for the individual loan. These three categories are performing, watchlist and nonaccrual.

 

We classify finance receivables as nonaccrual if credit quality indicators suggest full collection of principal and interest is doubtful, we automatically classify accounts as nonaccrual once they are contractually delinquent by more than three months unless collection of principal and interest is not doubtful.  Accrual of interest income is suspended for these accounts and all cash collections are generally applied to reduce the net investment balance.  Once we conclude that the collection of all principal and interest is no longer doubtful, we resume the accrual of interest and recognize previously suspended interest income at the time either a) the loan becomes contractually current through payment according to the original terms of the loan, or b) if the loan has

 

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been modified, following a period of performance under the terms of the modification.  Accounts are classified as watchlist when credit quality indicators have deteriorated as compared with typical underwriting criteria, and we believe collection of full principal and interest is probable but not certain.  All other finance receivables that do not meet the watchlist or nonaccrual categories are classified as performing.

 

Delinquency

We measure delinquency based on the contractual payment terms of our finance receivables.  In determining the delinquency aging category of an account, any/all principal and interest received is applied to the most past-due principal and/or interest amounts due. If a significant portion of the contractually due payment is delinquent, the entire finance receivable balance is reported in accordance with the most past-due delinquency aging category.

 

Finance receivables categorized based on the credit quality indicators and by the delinquency aging category are summarized as follows:

 

(In millions)

July 2,
2016

January 2,
2016

Performing

   $

792

   $

891

Watchlist

106

130

Nonaccrual

99

84

Nonaccrual as a percentage of finance receivables

9.93%

7.60%

Less than 31 days past due

   $

889

   $

950

31-60 days past due

51

86

61-90 days past due

23

42

Over 90 days past due

34

27

60 + days contractual delinquency as a percentage of finance receivables

5.72%

6.24%

 

Impaired Loans

On a quarterly basis, we evaluate individual finance receivables for impairment in non-homogeneous portfolios and larger balance accounts in homogeneous loan portfolios.  A finance receivable is considered impaired when it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement based on our review of the credit quality indicators described above.  Impaired finance receivables include both nonaccrual accounts and accounts for which full collection of principal and interest remains probable, but the account’s original terms have been, or are expected to be, significantly modified.  If the modification specifies an interest rate equal to or greater than a market rate for a finance receivable with comparable risk, the account is not considered impaired in years subsequent to the modification.  Interest income recognized on impaired loans was not significant in the first half of 2016 or 2015.

 

A summary of impaired finance receivables, excluding leveraged leases, and the average recorded investment is provided below:

 

(In millions)

July 2,
2016

January 2,
2016

Recorded investment:

 

 

Impaired loans with related allowance for losses

   $

62

   $

62

Impaired loans with no related allowance for losses

40

42

Total

   $

102

   $

104

Unpaid principal balance

   $

106

   $

113

Allowance for losses on impaired loans

11

17

Average recorded investment

95

102

 

A summary of the allowance for losses on finance receivables, based on how the underlying finance receivables are evaluated for impairment, is provided below.  The finance receivables reported in this table specifically exclude leveraged leases in accordance with U.S. generally accepted accounting principles.

 

(In millions)

July 2,
2016

January 2,
2016

Allowance based on collective evaluation

   $

31

   $

31

Allowance based on individual evaluation

11

17

Finance receivables evaluated collectively

   $

797

   $

883

Finance receivables evaluated individually

102

104

 

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Allowance for Losses

We maintain an allowance for losses on finance receivables at a level considered adequate to cover inherent losses in the portfolio based on management’s evaluation.  For larger balance accounts specifically identified as impaired, a reserve is established based on comparing the expected future cash flows, discounted at the finance receivable’s effective interest rate, or the fair value of the underlying collateral if the finance receivable is collateral dependent, to its carrying amount.  The expected future cash flows consider collateral value; financial performance and liquidity of our borrower; existence and financial strength of guarantors; estimated recovery costs, including legal expenses; and costs associated with the repossession and eventual disposal of collateral.  When there is a range of potential outcomes, we perform multiple discounted cash flow analyses and weight the potential outcomes based on their relative likelihood of occurrence.  The evaluation of our portfolio is inherently subjective, as it requires estimates, including the amount and timing of future cash flows expected to be received on impaired finance receivables and the estimated fair value of the underlying collateral, which may differ from actual results.  While our analysis is specific to each individual account, critical factors included in this analysis include industry valuation guides, age and physical condition of the collateral, payment history and existence and financial strength of guarantors.

 

We also establish an allowance for losses to cover probable but specifically unknown losses existing in the portfolio.  This allowance is established as a percentage of non-recourse finance receivables, which have not been identified as requiring specific reserves.  The percentage is based on a combination of factors, including historical loss experience, current delinquency and default trends, collateral values and both general economic and specific industry trends.  Finance receivables are charged off at the earlier of the date the collateral is repossessed or when no payment has been received for six months, unless management deems the receivable collectible.

 

A rollforward of the allowance for losses on finance receivables is provided below:

 

 

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

Beginning of period

   $

48

   $

 51

Provision for losses

(1)

(1)

Charge-offs

(10)

(2)

Recoveries

5

6

End of period

   $

42

   $

 54

 

Note 6.  Inventories

 

Inventories are composed of the following:

 

(In millions)

July 2,
2016

January 2,
2016

Finished goods

   $

1,967

   $

 1,735

Work in process

2,932

2,921

Raw materials and components

659

605

 

5,558

5,261

Progress/milestone payments

(963)

(1,117)

Total

   $

4,595

   $

 4,144

 

Note 7.  Warranty Liability

 

Changes in our warranty liability are as follows:

 

 

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

Beginning of period

   $

143

   $

 148

Provision

37

33

Settlements

(37)

(37)

Acquisitions

2

4

Adjustments*

(6)

(6)

End of period

   $

139

   $

 142

* Adjustments include changes to prior year estimates, new issues on prior year sales and currency translation adjustments.

 

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Note 8.  Debt

 

Under our shelf registration statement, on March 11, 2016, we issued $350 million of fixed-rate notes due March 15, 2026 that bear an annual interest rate of 4.0%.  The net proceeds of the issuance totaled $345 million, after deducting underwriting discounts, commissions and offering expenses.

 

Note 9.  Derivative Instruments and Fair Value Measurements

 

We measure fair value at the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  We prioritize the assumptions that market participants would use in pricing the asset or liability into a three-tier fair value hierarchy.  This fair value hierarchy gives the highest priority (Level 1) to quoted prices in active markets for identical assets or liabilities and the lowest priority (Level 3) to unobservable inputs in which little or no market data exist, requiring companies to develop their own assumptions.  Observable inputs that do not meet the criteria of Level 1, which include quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets and liabilities in markets that are not active, are categorized as Level 2. Level 3 inputs are those that reflect our estimates about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances.  Valuation techniques for assets and liabilities measured using Level 3 inputs may include methodologies such as the market approach, the income approach or the cost approach and may use unobservable inputs such as projections, estimates and management’s interpretation of current market data.  These unobservable inputs are utilized only to the extent that observable inputs are not available or cost effective to obtain.

 

Assets and Liabilities Recorded at Fair Value on a Recurring Basis

We manufacture and sell our products in a number of countries throughout the world, and, therefore, we are exposed to movements in foreign currency exchange rates. We primarily utilize foreign currency exchange contracts with maturities of no more than three years to manage this volatility. These contracts qualify as cash flow hedges and are intended to offset the effect of exchange rate fluctuations on forecasted sales, inventory purchases and overhead expenses.  Net gains and losses recognized in earnings and Accumulated other comprehensive loss on cash flow hedges, including gains and losses related to hedge ineffectiveness, were not significant in the periods presented.

 

Our foreign currency exchange contracts are measured at fair value using the market method valuation technique.  The inputs to this technique utilize current foreign currency exchange forward market rates published by third-party leading financial news and data providers.  These are observable data that represent the rates that the financial institution uses for contracts entered into at that date; however, they are not based on actual transactions so they are classified as Level 2. At July 2, 2016 and January 2, 2016, we had foreign currency exchange contracts with notional amounts upon which the contracts were based of $734 million and $706 million, respectively.  At July 2, 2016, the fair value amounts of our foreign currency exchange contracts were a $7 million asset and an $11 million liability. At January 2, 2016, the fair value amounts of our foreign currency exchange contracts were a $7 million asset and a $28 million liability.

 

We hedge our net investment position in major currencies and generate foreign currency interest payments that offset other transactional exposures in these currencies.  To accomplish this, we borrow directly in foreign currency and designate a portion of foreign currency debt as a hedge of a net investment.  We record changes in the fair value of these contracts in other comprehensive income to the extent they are effective as cash flow hedges.  Currency effects on the effective portion of these hedges, which are reflected in the foreign currency translation adjustments within Accumulated other comprehensive loss, were not significant in the periods presented.

 

Assets Recorded at Fair Value on a Nonrecurring Basis

During the periods ended July 2, 2016 and January 2, 2016, the Finance group’s impaired nonaccrual finance receivables of $51 million and $45 million, respectively, were measured at fair value on a nonrecurring basis using significant unobservable inputs (Level 3).  Impaired nonaccrual finance receivables represent assets recorded at fair value on a nonrecurring basis since the measurement of required reserves on our impaired finance receivables is significantly dependent on the fair value of the underlying collateral.  For impaired nonaccrual finance receivables secured by aviation assets, the fair values of collateral are determined primarily based on the use of industry pricing guides.  Fair value measurements recorded on impaired finance receivables were not significant for both the three and six months ended July 2, 2016 and July 4, 2015.

 

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Assets and Liabilities Not Recorded at Fair Value

The carrying value and estimated fair value of our financial instruments that are not reflected in the financial statements at fair value are as follows:

 

 

July 2, 2016

January 2, 2016

(In millions)

Carrying
Value

Estimated

Fair Value

Carrying
Value

Estimated

Fair Value

Manufacturing group

 

 

 

 

Long-term debt, excluding leases

   $

(2,958)

   $

(3,169)

   $

(2,628)

   $

(2,744)

Finance group

Finance receivables, excluding leases

777

770

863

820

Debt

(849)

(750)

(913)

(840)

 

Fair value for the Manufacturing group debt is determined using market observable data for similar transactions (Level 2).  At both July 2, 2016 and January 2, 2016, approximately 75% of the fair value of term debt for the Finance group was determined based on discounted cash flow analyses using observable market inputs from debt with similar duration, subordination and credit default expectations (Level 2).  Fair value estimates for finance receivables were determined based on internally developed discounted cash flow models primarily utilizing significant unobservable inputs (Level 3), which include estimates of the rate of return, financing cost, capital structure and/or discount rate expectations of current market participants combined with estimated loan cash flows based on credit losses, payment rates and expectations of borrowers’ ability to make payments on a timely basis.

 

Note 10.  Accumulated Other Comprehensive Loss and Other Comprehensive Income (Loss)

 

The components of Accumulated Other Comprehensive Loss are presented below:

 

(In millions)

Pension and
Postretirement
Benefits
Adjustments

Deferred

Gains (Losses)

on Hedge

Contracts

Foreign
Currency
Translation
Adjustments

Accumulated

Other

Comprehensive

Loss

For the six months ended July 2, 2016

 

 

 

 

Beginning of the period

  $

(1,327)

  $

(24)

  $

(47)

  $

(1,398)

Other comprehensive income before reclassifications

5

14

4

23

Reclassified from Accumulated other comprehensive loss

31

11

42

Other comprehensive income

36

25

4

65

End of the period

  $

(1,291)

  $

1

  $

(43)

  $

(1,333)

For the six months ended July 4, 2015

 

 

 

 

Beginning of the period

  $

(1,511)

  $

(13)

  $

18

  $

(1,506)

Other comprehensive income (loss) before reclassifications

62

(14)

(46)

2

Reclassified from Accumulated other comprehensive loss

49

6

55

Other comprehensive income (loss)

111

(8)

(46)

57

End of the period

  $

(1,400)

  $

(21)

  $

(28)

  $

(1,449)

 

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The before and after-tax components of other comprehensive income (loss) are presented below:

 

 

July 2, 2016

July 4, 2015

(In millions)

Pre-Tax
Amount

Tax

(Expense)

Benefit

After-Tax

Amount

Pre-Tax
Amount

Tax

(Expense)

Benefit

After-Tax

Amount

Three Months Ended

 

 

 

 

 

 

Pension and postretirement benefits adjustments:

 

 

 

 

 

 

Amortization of net actuarial loss*

    $

26

     $

(10)

     $

16

    $

39

     $

(14)

    $

25

Amortization of prior service credit*

(2)

1

(1)

Unrealized gains

98

(36)

62

Pension and postretirement benefits adjustments, net

24

(9)

15

137

(50)

87

Deferred gains on hedge contracts:

 

 

 

 

 

 

Current deferrals

(2)

(2)

3

(1)

2

Reclassification adjustments

8

(2)

6

3

(1)

2

Deferred gains on hedge contracts, net

6

(2)

4

6

(2)

4

Foreign currency translation adjustments

(14)

(6)

(20)

9

1

10

Total

    $

16

     $

(17)

     $

(1)

    $

152

     $

(51)

    $

101

Six Months Ended

 

 

 

 

 

 

Pension and postretirement benefits adjustments:

 

 

 

 

 

 

Amortization of net actuarial loss*

    $

52

     $

(19)

     $

33

    $

78

     $

(28)

    $

50

Amortization of prior service credit*

(4)

2

(2)

(2)

1

(1)

Unrealized gains

7

(2)

5

98

(36)

62

Pension and postretirement benefits adjustments, net

55

(19)

36

174

(63)

111

Deferred gains (losses) on hedge contracts:

 

 

 

 

 

 

Current deferrals

20

(6)

14

(18)

4

(14)

Reclassification adjustments

15

(4)

11

9

(3)

6

Deferred gains (losses) on hedge contracts, net

35

(10)

25

(9)

1

(8)

Foreign currency translation adjustments

11

(7)

4

(43)

(3)

(46)

Total

    $

101

     $

(36)

     $

65

    $

122

     $

(65)

    $

57

*These components of other comprehensive income are included in the computation of net periodic pension cost.  See Note 11 of our 2015 Annual Report on Form 10-K for additional information.

 

Note 11.  Commitments and Contingencies

 

We are subject to legal proceedings and other claims arising out of the conduct of our business, including proceedings and claims relating to commercial and financial transactions; government contracts; alleged lack of compliance with applicable laws and regulations; production partners; product liability; patent and trademark infringement; employment disputes; and environmental, safety and health matters.  Some of these legal proceedings and claims seek damages, fines or penalties in substantial amounts or remediation of environmental contamination.  As a government contractor, we are subject to audits, reviews and investigations to determine whether our operations are being conducted in accordance with applicable regulatory requirements. Under federal government procurement regulations, certain claims brought by the U.S. Government could result in our suspension or debarment from U.S. Government contracting for a period of time.  On the basis of information presently available, we do not believe that existing proceedings and claims will have a material effect on our financial position or results of operations.

 

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Note 12.  Segment Information

 

We operate in, and report financial information for, the following five business segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. Segment profit is an important measure used for evaluating performance and for decision-making purposes. Segment profit for the manufacturing segments excludes interest expense and certain corporate expenses.  The measurement for the Finance segment includes interest income and expense.

 

Our revenues by segment, along with a reconciliation of segment profit to income from continuing operations before income taxes, are as follows:

 

 

Three Months Ended

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

July 2,
2016

July 4,
2015

Revenues

 

 

 

 

  Textron Aviation

$

1,196

$

1,124

$

2,287

$

2,175

  Bell

804

850

1,618

1,663

  Textron Systems

487

322

811

637

  Industrial

1,004

927

1,956

1,799

  Finance

20

24

40

46

Total revenues

$

3,511

$

3,247

$

6,712

$

6,320

Segment Profit

 

 

 

 

  Textron Aviation

$

81

$

88

$

154

$

155

  Bell

81

101

163

177

  Textron Systems

60

21

89

49

  Industrial

99

86

190

168

  Finance

7

10

12

16

Segment profit

328

306

608

565

Corporate expenses and other, net

(31)

(33)

(63)

(75)

Interest expense, net for Manufacturing group

(37)

(32)

(70)

(65)

Income from continuing operations before income taxes

$

260

$

241

$

475

$

425

 

Note 13.  Subsequent Events

 

On July 11, 2016, the Internal Revenue Service Office of Appeals approved a final settlement for our 1998 to 2008 tax years. As a result, in the third quarter of 2016 we expect to record an income tax benefit of approximately $175 million, exclusive of interest, of which $110 million is attributable to continuing operations and $65 million is attributable to discontinued operations.  In addition, we expect to record a favorable income tax benefit in the third quarter of 2016 upon the reversal of accrued interest of approximately $140 million, of which approximately $90 million is attributable to continuing operations.

 

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Table of Contents

 

Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

Consolidated Results of Operations

 

 

Three Months Ended

Six Months Ended

(Dollars in millions)

July 2,
2016

July 4,
2015

%    
Change

July 2,
2016

July 4,
2015

%    
Change

Revenues

  $

3,511

  $

3,247

8%

  $

6,712

  $

6,320

6%

Operating expenses

3,207

2,964

8%

6,150

5,810

6%

Cost of sales

2,889

2,635

10%

5,524

5,144

7%

Selling and administrative expense

318

329

(3)%

626

666

(6)%

Gross margin percentage of Manufacturing revenues

17.2%

18.2%

 

17.2%

18.0%

 

 

An analysis of our consolidated operating results is set forth below. A more detailed analysis of our segments’ operating results is provided in the Segment Analysis section on pages 18 to 22.

 

Revenues

Revenues increased $264 million, 8%, in the second quarter of 2016, compared with the second quarter of 2015, largely driven by increases in the Textron Systems, Industrial and Textron Aviation segments, partially offset by lower revenues at the Bell segment.  The net revenue increase included the following factors:

·     Higher Textron Systems revenues of $165 million, primarily due to higher volume of $103 million in the Weapons and Sensors product line and higher volume of $37 million in the Unmanned Systems product line.

·     Higher Industrial revenues of $77 million, primarily due to higher volume of $49 million, largely in the Fuel Systems and Functional Components product line, and the impact from acquired businesses of $35 million.

·     Higher Textron Aviation revenues of $72 million, primarily due to higher volume and mix of $52 million, largely the result of higher Citation jet volume of $90 million, partially offset by lower turboprop volume.

·     Lower Bell revenues of $46 million, primarily due to a decrease in commercial revenues, largely reflecting lower commercial aircraft deliveries.

 

Revenues increased $392 million, 6%, in the first half of 2016, compared with the first half of 2015, largely driven by increases in the Textron Systems, Industrial and Textron Aviation segments, partially offset by lower revenues at the Bell segment.  The net revenue increase included the following factors:

 

·     Higher Textron Systems revenues of $174 million, primarily due to higher volume of $83 million in the Unmanned Systems product line and higher volume of $61 million in the Weapons and Sensors product line.

·     Higher Industrial revenues of $157 million, primarily due to higher volume of $111 million, largely in the Fuel Systems and Functional Components product line, and the impact from acquired businesses of $72 million.

·     Higher Textron Aviation revenues of $112 million, primarily due to higher volume and mix of $84 million, largely the result of higher Citation jet volume of $152 million, partially offset by lower turboprop volume.

·     Lower Bell revenues of $45 million, primarily due to an $88 million decrease in commercial revenues, largely reflecting lower commercial aircraft deliveries and $34 million of lower aftermarket volume, partially offset by a $45 million increase in other military revenues, primarily due to higher H-1 program revenues.

 

Cost of Sales and Selling and Administrative Expense

Manufacturing cost of sales and selling and administrative expense together comprise our operating expenses. Cost of sales increased $254 million, 10%, and $380 million, 7%, in the second quarter and first half of 2016, respectively, compared with the corresponding periods of 2015, largely due to higher volume at the Textron Systems, Textron Aviation, and Industrial segments, and an increase from acquired businesses.  In the second quarter and first half of 2016, the decrease in gross margin percentage was largely driven by an unfavorable impact from the mix of products sold during the period at Textron Aviation.

 

Selling and administrative expense decreased $11 million, 3%, and $40 million, 6%, in the second quarter and first half of 2016, respectively, compared with the corresponding periods of 2015.  The decrease in selling and administrative expense in the first half of 2016 was largely due to lower share-based compensation expense.

 

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Table of Contents

 

Backlog

 

 

 

 

 

 

 

 

 

 

(In millions)

July 2,
2016

January 2,
2016

Bell

   $

4,908

   $

5,224

Textron Systems

2,282

2,328

Textron Aviation

1,149

1,074

Total backlog

   $

8,339

   $

8,626

 

 

 

 

 

 

 

 

 

 

Bell’s backlog decreased $316 million during 2016, as total deliveries, largely under the V-22 program, exceeded new orders.

 

Segment Analysis

 

We operate in, and report financial information for, the following five business segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance.  Segment profit is an important measure used for evaluating performance and for decision-making purposes.  Segment profit for the manufacturing segments excludes interest expense and certain corporate expenses.  The measurement for the Finance segment includes interest income and expense.

 

In our discussion of comparative results for the Manufacturing group, changes in revenue and segment profit typically are expressed for our commercial business in terms of volume, pricing, foreign exchange and acquisitions.  Additionally, changes in segment profit may be expressed in terms of mix, inflation and cost performance. Volume changes in revenue represent increases/decreases in the number of units delivered or services provided.  Pricing represents changes in unit pricing.  Foreign exchange is the change resulting from translating foreign-denominated amounts into U.S. dollars at exchange rates that are different from the prior period.  Revenues generated by acquired businesses are reflected in Acquisitions for a twelve-month period. For segment profit, mix represents a change due to the composition of products and/or services sold at different profit margins.  Inflation represents higher material, wages, benefits, pension or other costs.  Performance reflects an increase or decrease in research and development, depreciation, selling and administrative costs, warranty, product liability, quality/scrap, labor efficiency, overhead, product line profitability, start-up, ramp up and cost-reduction initiatives or other manufacturing inputs.

 

Approximately 24% of our 2015 revenues were derived from contracts with the U.S. Government.  For our segments that have significant contracts with the U.S. Government, we typically express changes in segment profit related to the government business in terms of volume, changes in program performance or changes in contract mix. Changes in volume that are described in net sales typically drive corresponding changes in our segment profit based on the profit rate for a particular contract. Changes in program performance typically relate to profit recognition associated with revisions to total estimated costs at completion that reflect improved or deteriorated operating performance or award fee rates. Changes in contract mix refers to changes in operating margin due to a change in the relative volume of contracts with higher or lower fee rates such that the overall average margin rate for the segment changes.

 

Textron Aviation

 

 

Three Months Ended

Six Months Ended

(Dollars in millions)

July 2,
2016

July 4,
2015

July 2,
2016

July 4,
2015

Revenues

   $

1,196

   $

1,124

   $

2,287

   $

2,175

Operating expenses

1,115

1,036

2,133

2,020

Segment profit

81

88

154

155

Profit margin

6.8%

7.8%

6.7%

7.1%

 

Textron Aviation Revenues and Operating Expenses

The following factors contributed to the change in Textron Aviation’s revenues for the periods:

 

 

 

 

 

 

 

 

 

 

(In millions)

Q2 2016
versus
Q2 2015

YTD 2016
versus
YTD 2015

Volume and mix

   $

52

   $

84

Acquisitions

19

33

Other

1

(5)

Total change

   $

72

   $

112

 

 

 

 

 

 

 

 

 

 

In the second quarter of 2016, Textron Aviation’s revenues increased $72 million, 6%, compared with the second quarter of 2015, primarily due to higher volume and mix of $52 million and the impact from the acquisition of a repair and overhaul business in the first quarter of 2016.  The increase in volume and mix is primarily due to higher Citation jet volume of $90 million, partially offset

 

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by lower turboprop volume. We delivered 45 Citation jets and 23 King Air turboprops in the second quarter of 2016, compared with 36 Citation jets and 30 King Air turboprops in the second quarter of 2015.  The portion of the segment’s revenues derived from aftermarket sales and services increased to 34% of its total revenues in the second quarter of 2016, from 31% in the second quarter of 2015, in part, due to the impact from the acquisition.

 

In the first half of 2016, Textron Aviation’s revenues increased $112 million, 5%, compared with the first half of 2015, primarily due to higher volume and mix of $84 million and the impact from the acquisition.  The increase in volume and mix is primarily due to higher Citation jet volume of $152 million, partially offset by lower turboprop volume.  We delivered 79 Citation jets and 49 King Air turboprops in the first half of 2016, compared with 69 Citation jets and 55 King Air turboprops in the first half of 2015.  The portion of the segment’s revenues derived from aftermarket sales and services represented 34% of its total revenues in the first half of 2016, compared with 33% in the first half of 2015.

 

Textron Aviation’s operating expenses increased by $79 million, 8%, and $113 million, 6%, in the second quarter and first half of 2016, respectively, compared with the corresponding periods of 2015, largely due to higher volume as described above and additional operating expenses resulting from the acquisition.

 

Textron Aviation Segment Profit

The following factors contributed to the change in Textron Aviation’s segment profit for the periods:

 

(In millions)

 

 

Q2 2016
versus
Q2 2015

YTD 2016
versus
YTD 2015

Performance

 

 

 

 

   $

(4)

   $

3

Volume and mix

 

 

1

3

Other

 

 

(4)

(7)

Total change

 

 

 

 

   $

(7)

   $

(1)

 

Segment profit at Textron Aviation decreased $7 million, 8%, in the second quarter of 2016, and was largely unchanged in the first half of 2016, compared with the corresponding periods of 2015. Volume and mix was essentially unchanged as the higher volume described above was largely offset by an unfavorable impact from the mix of products sold in 2016.

 

Bell

 

 

Three Months Ended

Six Months Ended

(Dollars in millions)

July 2,
2016

July 4,
2015

July 2,
2016

July 4,
2015

Revenues:

 

 

 

 

V-22 program

   $

313

   $

297

   $

591

   $

593

Other military

217

207

470

425

Commercial

274

346

557

645

Total revenues

804

850

1,618

1,663

Operating expenses

723

749

1,455

1,486

Segment profit

81

101

163

177

Profit margin

10.1%

11.9%

10.1%

10.6%

 

Bell’s major U.S. Government programs at this time are the V-22 tiltrotor aircraft and the H-1 helicopter platforms, which are both in the production stage and represent a significant portion of Bell’s revenues from the U.S. Government.

 

Bell Revenues and Operating Expenses

The following factors contributed to the change in Bell’s revenues for the periods:

 

(In millions)

 

 

Q2 2016
versus
Q2 2015

YTD 2016
versus
YTD 2015

Volume and mix

 

 

 

 

   $

(48)

   $

(47)

Other

 

 

2

2

Total change

 

 

 

 

   $

(46)

   $

(45)

 

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Bell’s revenues decreased $46 million, 5%, in the second quarter of 2016, compared with the second quarter of 2015, primarily due to the following factors:

 

·     $72 million decrease in commercial revenues, primarily due to lower commercial aircraft deliveries.  Bell delivered 24 commercial aircraft in the second quarter of 2016, compared with 39 commercial aircraft in the second quarter of 2015.

·     $16 million increase in V-22 program revenues, primarily reflecting higher product support.  Bell delivered 6 V-22 aircraft in the second quarter of both 2016 and 2015.

·     $10 million increase in other military revenues, primarily reflecting higher H-1 program revenues.  Bell delivered 9 H-1 aircraft in the second quarter of 2016, compared with 6 H-1 aircraft in the second quarter of 2015.

 

Bell’s revenues decreased $45 million, 3%, in the first half of 2016, compared with the first half of 2015, primarily due to the following factors:

 

·     $88 million decrease in commercial revenues, primarily due to lower commercial aircraft deliveries and $34 million of lower aftermarket volume.  Bell delivered 54 commercial aircraft in the first half of 2016, compared with 74 commercial aircraft in the first half of 2015.

·     $45 million increase in other military revenues, primarily reflecting higher H-1 program revenues.  Bell delivered 19 H-1 aircraft in the first half of 2016, compared with 10 H-1 aircraft in the first half of 2015.

·     V-22 program revenues were largely unchanged. Bell delivered 12 V-22 aircraft in the first half of both 2016 and 2015.

 

Bell’s operating expenses decreased $26 million, 3%, and $31 million, 2%, in the second quarter and first half of 2016, respectively, compared with the corresponding periods of 2015, primarily due to lower net sales volume as described above.

 

In the second quarter of 2015, as a result of cost reduction actions announced in April 2015, Bell incurred approximately $40 million in severance and benefit costs.  The impact of the restructuring on Bell’s segment profit in the second quarter of 2015 was not significant due to cost savings from headcount reductions and the impact of including a portion of these costs in our indirect cost rates. These actions reduced Bell’s headcount by approximately 1,100 employees representing approximately 12% of the Bell workforce at that time.

 

Bell Segment Profit

The following factors contributed to the change in Bell’s segment profit for the periods:

 

(In millions)

 

 

Q2 2016
versus
Q2 2015

YTD 2016
versus
YTD 2015

Volume and mix

 

 

 

 

   $

(14)

   $

(21)

Performance and other

 

 

(6)

7

Total change

 

 

 

 

   $

(20)

   $

(14)

 

Bell’s segment profit decreased $20 million, 20%, in the second quarter of 2016, compared with the second quarter of 2015.  The unfavorable impact from volume and mix was largely the result of lower commercial aircraft deliveries, while the unfavorable performance was primarily driven by lower favorable program adjustments.

 

Bell’s segment profit decreased $14 million, 8%, in the first half of 2016, compared with the first half of 2015, primarily due to lower volume as described above.

 

Textron Systems

 

 

Three Months Ended

Six Months Ended

(Dollars in millions)

July 2,
2016

July 4,
2015

July 2,
2016

July 4,
2015

Revenues

   $

487

   $

322

   $

811

   $

637

Operating expenses

427

301

722

588

Segment profit

60

21

89

49

Profit margin

12.3%

6.5%

11.0%

7.7%

 

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Textron Systems Revenues and Operating Expenses

The following factors contributed to the change in Textron Systems’ revenues for the periods:

 

(In millions)

 

 

Q2 2016
versus
Q2 2015

YTD 2016
versus
YTD 2015

Volume

 

 

 

 

   $

153

   $

161

Acquisitions

 

 

12

12

Other

 

 

1

Total change

 

 

 

 

   $

165

   $

174

 

Revenues at Textron Systems increased $165 million, 51%, in the second quarter of 2016 compared with the second quarter of 2015, primarily due to higher volume of $103 million in the Weapons and Sensors product line and higher volume of $37 million in the Unmanned Systems product line.

 

Revenues at Textron Systems increased $174 million, 27%, compared with the first half of 2015, primarily due to higher volume of $83 million in the Unmanned Systems product line and higher volume of $61 million in the Weapons and Sensors product line.

 

Textron Systems’ operating expenses increased $126 million, 42%, and $134 million, 23%, in the second quarter and first half of 2016, respectively, compared with the corresponding periods of 2015, primarily due to higher volume as described above.

 

Textron Systems Segment Profit

The following factors contributed to the change in Textron Systems’ segment profit for the periods:

 

(In millions)

 

 

Q2 2016
versus
Q2 2015

YTD 2016
versus
YTD 2015

Volume and mix

 

 

 

 

   $

34

   $

31

Performance

 

 

5

9

Total change

 

 

 

 

   $

39

   $

40

 

Textron Systems’ segment profit increased $39 million, 186%, and $40 million, 82%, in the second quarter and first half of 2016, respectively, compared with the corresponding periods of 2015, largely reflecting higher volume as described above and a favorable product mix in 2016.

 

Industrial

 

 

Three Months Ended

Six Months Ended

(Dollars in millions)

July 2,
2016

July 4,
2015

July 2,
2016

July 4,
2015

Revenues:

 

 

 

 

Fuel Systems and Functional Components

   $

592

   $

526

   $

1,172

   $

1,039

Other Industrial

412

401

784

760

Total revenues

1,004

927

1,956

1,799

Operating expenses

905

841

1,766

1,631

Segment profit

99

86

190

168

Profit margin

9.9%

9.3%

9.7%

9.3%

 

Industrial Revenues and Operating Expenses

The following factors contributed to the change in Industrial’s revenues for the periods:

 

(In millions)

 

 

Q2 2016
versus
Q2 2015

YTD 2016
versus
YTD 2015

Volume

 

 

 

 

   $

49

   $

111

Acquisitions

 

 

35

72

Foreign exchange

 

 

(8)

(22)

Other

 

 

1

(4)

Total change

 

 

 

 

   $

77

   $

157

 

Industrial segment revenues increased $77 million, 8%, in the second quarter of 2016, compared with the second quarter of 2015, primarily due to higher volume of $49 million and the impact from acquired businesses.  Higher volume was primarily related to the Fuel Systems and Functional Components product line, largely reflecting automotive industry demand in Europe.

 

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Industrial segment revenues increased $157 million, 9%, in the first half of 2016, compared with the first half of 2015, primarily due to higher volume of $111 million and the impact from acquired businesses, partially offset by an unfavorable foreign exchange impact of $22 million.  Higher volume was primarily related to the Fuel Systems and Functional Components product line, largely reflecting automotive industry demand in Europe.

 

Operating expenses for the Industrial segment increased $64 million, 8%, and $135 million, 8%, in the second quarter and first half of 2016, respectively, compared with the corresponding periods of 2015, primarily due to the impact from higher volume as described above and additional operating expenses from acquired businesses.

 

Industrial Segment Profit

The following factors contributed to the change in Industrial’s segment profit for the periods:

 

(In millions)

 

 

Q2 2016
versus
Q2 2015

YTD 2016
versus

YTD 2015

Volume

 

 

 

 

   $

6

   $

14

Inflation, net of pricing

 

 

5

8

Foreign exchange

 

 

(4)

(9)

Performance and other

 

 

6

9

Total change

 

 

 

 

   $

13

   $

22

 

Segment profit for the Industrial segment increased $13 million, 15%, and $22 million, 13%, in the second quarter and first half of 2016, respectively, compared with the corresponding periods of 2015, largely due to the impact from higher volume as described above.

 

Finance

 

 

Three Months Ended

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

July 2,
2016

July 4,
2015

Revenues

   $

20

   $

24

   $

40

   $

46

Segment profit

7

10

12

16

 

Finance segment revenues decreased $4 million and $6 million and segment profit decreased $3 million and $4 million in the second quarter and first half of 2016, respectively, compared with the corresponding periods of 2015, primarily due to lower average finance receivables.

 

Finance Portfolio Quality

The following table reflects information about the Finance segment’s credit performance related to finance receivables.

 

(Dollars in millions)

 

 

July 2,
2016

January 2,
2016

Finance receivables*

 

 

 

 

   $

997

   $

1,105

Nonaccrual finance receivables

 

 

99

84

Ratio of nonaccrual finance receivables to finance receivables

 

 

9.93%

7.60%

60+ days contractual delinquency

 

 

 

 

   $

57

   $

69

60+ days contractual delinquency as a percentage of finance receivables

 

5.72%

6.24%

 

* Excludes finance receivables held for sale.

 

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Liquidity and Capital Resources

 

Our financings are conducted through two separate borrowing groups.  The Manufacturing group consists of Textron consolidated with its majority-owned subsidiaries that operate in the Textron Aviation, Bell, Textron Systems and Industrial segments.  The Finance group, which also is the Finance segment, consists of Textron Financial Corporation and its consolidated subsidiaries.  We designed this framework to enhance our borrowing power by separating the Finance group.  Our Manufacturing group operations include the development, production and delivery of tangible goods and services, while our Finance group provides financial services. Due to the fundamental differences between each borrowing group’s activities, investors, rating agencies and analysts use different measures to evaluate each group’s performance.  To support those evaluations, we present balance sheet and cash flow information for each borrowing group within the Consolidated Financial Statements.

 

Key information that is utilized in assessing our liquidity is summarized below:

 

(Dollars in millions)

July 2,
2016

January 2,
2016

Manufacturing group

 

 

Cash and equivalents

   $

661

   $

946

Debt

3,063

2,697

Shareholders’ equity

5,186

4,964

Capital (debt plus shareholders’ equity)

8,249

7,661

Net debt (net of cash and equivalents) to capital

32%

26%

Debt to capital

37%

35%

Finance group

 

 

Cash and equivalents

   $

82

   $

59

Debt

849

913

 

We believe that our calculations of debt to capital and net debt to capital are useful measures as they provide a summary indication of the level of debt financing (i.e., leverage) that is in place to support our capital structure, as well as to provide an indication of the capacity to add further leverage.  We believe that we will have sufficient cash to meet our future needs, based on our existing cash balances, the cash we expect to generate from our manufacturing operations and other available funding alternatives, as appropriate.

 

Textron has a senior unsecured revolving credit facility that expires in October 2018 for an aggregate principal amount of $1.0 billion, of which up to $100 million is available for the issuance of letters of credit.  At July 2, 2016, there were no amounts borrowed against the facility.

 

We also maintain an effective shelf registration statement filed with the Securities and Exchange Commission that allows us to issue an unlimited amount of public debt and other securities.  In March 2016, we issued $350 million in 4.0% Notes due March 2026 under this registration statement.

 

Manufacturing Group Cash Flows

Cash flows from continuing operations for the Manufacturing group as presented in our Consolidated Statements of Cash Flows are summarized below:

 

 

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

Operating activities

   $

(41)

   $

116

Investing activities

(383)

(207)

Financing activities

141

28

 

Cash flows from operating activities decreased $157 million during the first half of 2016, compared with the first half of 2015, primarily due to a change in working capital, largely the result of a decrease in customer deposits related to performance-based payments on certain military contracts.  In the first half of 2016, cash flows from operating activities included $60 million of cash proceeds from the settlements of corporate-owned life insurance policies.

 

Cash flows used in investing activities included capital expenditures of $207 million and $173 million in the first half of 2016 and 2015, respectively.  Investing cash flows also reflected aggregate cash payments of $179 million for five business acquisitions in the first half of 2016, compared with payments of $34 million for acquisitions in the first half of 2015.

 

In the first half of 2016, financing activities included proceeds from long-term debt of $345 million, partially offset by $215 million in cash paid to repurchase an aggregate of 6.2 million shares of our outstanding common stock under a 2013 share

 

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repurchase authorization. Financing activities in the first half of 2015 included an increase in short-term debt of $105 million, primarily from the issuance of commercial paper, partially offset by the repurchase of an aggregate of 1.9 million shares of our outstanding common stock for $87 million.

 

Finance Group Cash Flows

Cash flows from continuing operations for the Finance group as presented in our Consolidated Statements of Cash Flows are summarized below:

 

 

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

Operating activities

   $

5

   $

27

Investing activities

120

134

Financing activities

(102)

(121)

 

The Finance group’s cash flows from investing activities primarily included collections on finance receivables totaling $170 million and $181 million in the first half of 2016 and 2015, respectively, partially offset by finance receivable originations of $86 million and $82 million, respectively.  Cash flows used in financing activities included payments on long-term and nonrecourse debt of $90 million in the first half of 2016, compared with $130 million of payments in the first half of 2015.

 

Consolidated Cash Flows

The consolidated cash flows from continuing operations, after elimination of activity between the borrowing groups, are summarized below:

 

 

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

Operating activities

   $

(30)

   $

205

Investing activities

(298)

(135)

Financing activities

68

(93)

 

Cash flows from operating activities decreased $235 million during the first half of 2016, compared with the first half of 2015, primarily due to a change in working capital, largely the result of a decrease in customer deposits related to performance-based payments on certain military contracts.  In the first half of 2016, cash flows from operating activities included $60 million of cash proceeds from the settlements of corporate-owned life insurance policies.

 

Investing cash flows included cash used for capital expenditures of $207 million and $173 million and acquisitions of $179 million and $34 million in the first half of 2016 and 2015, respectively.

 

Total cash provided by financing activities in the first half of 2016 primarily included proceeds from long-term debt of $362 million, partially offset by share repurchases of $215 million and payments on long-term and nonrecourse debt of $90 million.  Cash flows from financing activities in the first half of 2015 primarily consisted of payments on long-term and nonrecourse debt of $130 million and share repurchases of $87 million, partially offset by an increase in short-term debt of $105 million.

 

Captive Financing and Other Intercompany Transactions

The Finance group finances retail purchases and leases for new and pre-owned aircraft and helicopters manufactured by our Manufacturing group, otherwise known as captive financing.  In the Consolidated Statements of Cash Flows, cash received from customers or from the sale of receivables is reflected as operating activities when received from third parties.  However, in the cash flow information provided for the separate borrowing groups, cash flows related to captive financing activities are reflected based on the operations of each group.  For example, when product is sold by our Manufacturing group to a customer and is financed by the Finance group, the origination of the finance receivable is recorded within investing activities as a cash outflow in the Finance group’s statement of cash flows.  Meanwhile, in the Manufacturing group’s statement of cash flows, the cash received from the Finance group on the customer’s behalf is recorded within operating cash flows as a cash inflow.  Although cash is transferred between the two borrowing groups, there is no cash transaction reported in the consolidated cash flows at the time of the original financing.  These captive financing activities, along with all significant intercompany transactions, are reclassified or eliminated from the Consolidated Statements of Cash Flows.

 

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Table of Contents

 

Reclassification adjustments included in the Consolidated Statements of Cash Flows are summarized below:

 

 

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

Reclassification adjustments from investing activities:

 

 

Cash received from customers

   $

134

   $

135

Finance receivable originations for Manufacturing group inventory sales

(86)

(82)

Other

(13)

9

Total reclassification adjustments from investing activities

35

62

Reclassification adjustments from financing activities:

 

 

Dividends received by Manufacturing group from Finance group

(29)

Total reclassification adjustments to operating activities

   $

6

   $

62

 

Critical Accounting Estimates

 

The accounting policies that we believe are most critical to the portrayal of our financial condition and results of operations are disclosed on pages 31 through 33 in our 2015 Annual Report on Form 10-K. The following section provides an update of the year-end disclosure for long-term contracts to include program profit adjustments made during the quarter.

 

Long-Term Contracts

We make a substantial portion of our sales to government customers pursuant to long-term contracts. These contracts require development and delivery of products over multiple years and may contain fixed-price purchase options for additional products. We account for these long-term contracts under the percentage-of-completion method of accounting. Under this method, we estimate profit as the difference between total estimated revenues and cost of a contract. The percentage-of-completion method of accounting involves the use of various estimating techniques to project costs at completion and, in some cases, includes estimates of recoveries asserted against the customer for changes in specifications. Due to the size, length of time and nature of many of our contracts, the estimation of total contract costs and revenues through completion is complicated and subject to many variables relative to the outcome of future events over a period of several years. We are required to make numerous assumptions and estimates relating to items such as expected engineering requirements, complexity of design and related development costs, product performance, performance of subcontractors, availability and cost of materials, labor productivity and cost, overhead and capital costs, manufacturing efficiencies and the achievement of contract milestones, including product deliveries, technical requirements, or schedule.

 

At the outset of each contract, we estimate the initial profit booking rate. The initial profit booking rate of each contract considers risks surrounding the ability to achieve the technical requirements (for example, a newly-developed product versus a mature product), schedule (for example, the number and type of milestone events), and costs by contract requirements in the initial estimated costs at completion. Profit booking rates may increase during the performance of the contract if we successfully retire risks surrounding the technical, schedule, and costs aspects of the contract. Likewise, the profit booking rate may decrease if we are not successful in retiring the risks; and, as a result, our estimated costs at completion increase. All of the estimates are subject to change during the performance of the contract and, therefore, may affect the profit booking rate. When adjustments are required, any changes from prior estimates are recognized using the cumulative catch-up method with the impact of the change from inception-to-date recorded in the current period. The aggregate gross amount of all program profit adjustments that are included within segment profit are presented below.

 

 

Three Months Ended

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

July 2,
2016

July 4,
2015

Gross favorable

   $

19

   $

40

   $

53

   $

73

Gross unfavorable

(9)

(4)

(14)

(19)

Net adjustments

   $

10

   $

36

   $

39

   $

54

 

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Table of Contents

 

Forward-Looking Information

Certain statements in this Quarterly Report on Form 10-Q and other oral and written statements made by us from time to time are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which may describe strategies, goals, outlook or other non-historical matters, or project revenues, income, returns or other financial measures, often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “guidance,” “project,” “target,” “potential,” “will,” “should,” “could,” “likely” or “may” and similar expressions intended to identify forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update or revise any forward-looking statements.  In addition to those factors described in our 2015 Annual Report on Form 10-K under “RISK FACTORS,” among the factors that could cause actual results to differ materially from past and projected future results are the following:

 

·

 

Interruptions in the U.S. Government’s ability to fund its activities and/or pay its obligations;

·

 

Changing priorities or reductions in the U.S. Government defense budget, including those related to military operations in foreign countries;

·

 

Our ability to perform as anticipated and to control costs under contracts with the U.S. Government;

·

 

The U.S. Government’s ability to unilaterally modify or terminate its contracts with us for the U.S. Government’s convenience or for our failure to perform, to change applicable procurement and accounting policies, or, under certain circumstances, to withhold payment or suspend or debar us as a contractor eligible to receive future contract awards;

·

 

Changes in foreign military funding priorities or budget constraints and determinations, or changes in government regulations or policies on the export and import of military and commercial products;

·

 

Volatility in the global economy or changes in worldwide political conditions that adversely impact demand for our products;

·

 

Volatility in interest rates or foreign exchange rates;

·

 

Risks related to our international business, including establishing and maintaining facilities in locations around the world and relying on joint venture partners, subcontractors, suppliers, representatives, consultants and other business partners in connection with international business, including in emerging market countries;

·

 

Our Finance segment’s ability to maintain portfolio credit quality or to realize full value of receivables;

·

 

Performance issues with key suppliers or subcontractors;

·

 

Legislative or regulatory actions, both domestic and foreign, impacting our operations or demand for our products;

·

 

Our ability to control costs and successfully implement various cost-reduction activities;

·

 

The efficacy of research and development investments to develop new products or unanticipated expenses in connection with the launching of significant new products or programs;

·

 

The timing of our new product launches or certifications of our new aircraft products;

·

 

Our ability to keep pace with our competitors in the introduction of new products and upgrades with features and technologies desired by our customers;

·

 

Pension plan assumptions and future contributions;

·

 

Demand softness or volatility in the markets in which we do business; and

·

 

Cybersecurity threats, including the potential misappropriation of assets or sensitive information, corruption of data or operational disruption.

 

Item 3.      QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

There has been no significant change in our exposure to market risk during the fiscal quarter ended July 2, 2016. For discussion of our exposure to market risk, refer to Item 7A. Quantitative and Qualitative Disclosures about Market Risk contained in Textron’s 2015 Annual Report on Form 10-K.

 

Item 4.      CONTROLS AND PROCEDURES

 

We performed an evaluation of the effectiveness of our disclosure controls and procedures as of July 2, 2016. The evaluation was performed with the participation of senior management of each business segment and key Corporate functions, under the supervision of our Chairman, President and Chief Executive Officer (CEO) and our Executive Vice President and Chief Financial Officer (CFO). Based on this evaluation, the CEO and CFO concluded that our disclosure controls and procedures were operating and effective as of July 2, 2016.

 

There were no changes in our internal control over financial reporting during the fiscal quarter ended July 2, 2016 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

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Table of Contents

 

PART II.  OTHER INFORMATION

 

Item 1.         LEGAL PROCEEDINGS

 

As previously reported, on October 7, 2014, the Federal Aviation Administration (FAA) of the U.S. Department of Transportation (DOT) issued a Notice of Proposed Civil Penalty to McCauley Propeller Systems, a Division of Cessna Aircraft Company (Cessna), for alleged violations of DOT’s hazardous materials shipment regulations in connection with the shipment of resin product by air from McCauley’s Columbus, GA facility.  Cessna and the FAA have reached agreement on settlement of the matter which will require Cessna to pay a $190,000 penalty.

 

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Table of Contents

 

Item 6.

EXHIBITS

 

12.1

 

Computation of ratio of income to fixed charges of Textron Inc. Manufacturing Group

 

 

 

12.2

 

Computation of ratio of income to fixed charges of Textron Inc. including all majority-owned subsidiaries

 

 

 

31.1

 

Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

 

 

31.2

 

Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

 

 

32.1

 

Certification of Chief Executive Officer Pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

 

 

32.2

 

Certification of Chief Financial Officer Pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

 

 

101

 

The following materials from Textron Inc.’s Quarterly Report on Form 10-Q for the quarterly period ended July 2, 2016, formatted in XBRL (eXtensible Business Reporting Language): (i) the Consolidated Statements of Operations, (ii) the Consolidated Statements of Comprehensive Income, (iii) the Consolidated Balance Sheets, (iv) the Consolidated Statements of Cash Flows and (v) the Notes to the Consolidated Financial Statements.

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

 

 

TEXTRON INC.

 

 

 

 

Date:

July 28, 2016

 

/s/ Mark S. Bamford

 

 

 

 

Mark S. Bamford
Vice President and Corporate Controller
(principal accounting officer)

 

28



Table of Contents

 

LIST OF EXHIBITS

 

12.1

 

Computation of ratio of income to fixed charges of Textron Inc. Manufacturing Group

 

 

 

12.2

 

Computation of ratio of income to fixed charges of Textron Inc. including all majority-owned subsidiaries

 

 

 

31.1

 

Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

 

 

31.2

 

Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

 

 

32.1

 

Certification of Chief Executive Officer Pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

 

 

32.2

 

Certification of Chief Financial Officer Pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

 

 

101

 

The following materials from Textron Inc.’s Quarterly Report on Form 10-Q for the quarterly period ended July 2, 2016, formatted in XBRL (eXtensible Business Reporting Language): (i) the Consolidated Statements of Operations, (ii) the Consolidated Statements of Comprehensive Income, (iii) the Consolidated Balance Sheets, (iv) the Consolidated Statements of Cash Flows and (v) the Notes to the Consolidated Financial Statements.

 

29


EX-12.1 2 a16-11476_1ex12d1.htm EX-12.1

EXHIBIT 12.1

 

TEXTRON INC.

MANUFACTURING GROUP
COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES
(unaudited)
(In millions, except ratio)

 

 

 

 

 

Six Months
Ended
July 2, 2016

 

Fixed charges:

 

 

 

 

Interest expense*

 

$

70 

 

 

Estimated interest portion of rents

 

19 

 

 

Total fixed charges

 

$

89 

 

 

 

 

 

 

 

 

 

 

 

 

Income:

 

 

 

 

Income from continuing operations before income taxes

 

$

475 

 

 

Fixed charges

 

89 

 

 

Dividends received from Finance group

 

29 

 

 

Eliminate pretax income of Finance group

 

(12)

 

 

Adjusted income

 

$

581 

 

 

 

 

 

 

 

Ratio of income to fixed charges

 

6.53 

 

 

 

 

 

*                Includes interest expense on all third-party indebtedness, except for interest related to unrecognized tax benefits, which is included in income tax expense.

 


EX-12.2 3 a16-11476_1ex12d2.htm EX-12.2

EXHIBIT 12.2

 

 

TEXTRON INC.
INCLUDING ALL MAJORITY-OWNED SUBSIDIARIES

COMPUTATION OF RATIO OF INCOME TO FIXED CHARGES

(unaudited)

(In millions, except ratio)

 

 

 

 

 

Six Months
Ended
July 2, 2016

 

Fixed charges:

 

 

 

 

Interest expense*

 

$

87

 

 

Estimated interest portion of rents

 

20

 

 

 

 

 

 

 

Total fixed charges

 

$

107

 

 

 

 

 

 

 

 

 

 

 

 

Income:

 

 

 

 

Income from continuing operations before income taxes

 

$

475

 

 

Fixed charges

 

107

 

 

 

 

 

 

 

Adjusted income

 

$

582

 

 

 

 

 

 

 

Ratio of income to fixed charges

 

5.44

 

 

 

 

*                Includes interest expense on all third-party indebtedness, except for interest related to unrecognized tax benefits, which is included in income tax expense.

 


EX-31.1 4 a16-11476_1ex31d1.htm EX-31.1

Exhibit 31.1

 

 

 

Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

I, Scott C. Donnelly, Chairman, President and Chief Executive Officer of Textron Inc. certify that:

 

1.              I have reviewed this quarterly report on Form 10-Q of Textron Inc.;

 

2.    Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.    Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4.    The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

a)  designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

b)  designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

c)  evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

d)  disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.    The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

a)  all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

b)  any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

 

 

Date:

July 28, 2016

 

/s/ Scott C. Donnelly

 

 

 

 

Scott C. Donnelly
Chairman, President and Chief Executive Officer

 

 


EX-31.2 5 a16-11476_1ex31d2.htm EX-31.2

Exhibit 31.2

 

 

 

Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

I, Frank T. Connor, Executive Vice President and Chief Financial Officer of Textron Inc. certify that:

 

1.              I have reviewed this quarterly report on Form 10-Q of Textron Inc.;

 

2.    Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.    Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4.    The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

a)  designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

b)  designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

c)  evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

d)  disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.    The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

a)  all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

b)  any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

 

 

Date:

July 28, 2016

 

/s/ Frank T. Connor

 

 

 

 

Frank T. Connor
Executive Vice President and Chief Financial Officer

 

 


EX-32.1 6 a16-11476_1ex32d1.htm EX-32.1

Exhibit 32.1

 

 

 

TEXTRON INC.

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

 

 

In connection with the Quarterly Report of Textron Inc. (the “Company”) on Form 10-Q for the period ended July 2, 2016 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Scott C. Donnelly, Chairman, President and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

 

(1)

The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

 

(2)

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

 

 

 

 

 

 

 

 

 

 

Date:

July 28, 2016

 

/s/ Scott C. Donnelly

 

 

 

Scott C. Donnelly

 

 

 

Chairman, President and Chief Executive Officer

 


EX-32.2 7 a16-11476_1ex32d2.htm EX-32.2

Exhibit 32.2

 

 

 

TEXTRON INC.

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

 

 

In connection with the Quarterly Report of Textron Inc. (the “Company”) on Form 10-Q for the period ended July 2, 2016 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Frank T. Connor, Executive Vice President and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

 

(1)

The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

 

(2)

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

 

 

 

 

 

 

 

 

 

 

Date:

July 28, 2016

 

/s/ Frank T. Connor

 

 

 

Frank T. Connor

 

 

 

Executive Vice President and Chief Financial Officer

 


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2015-01-04 2015-07-04 0000217346 2015-01-04 2015-07-04 0000217346 txt:SegmentManufacturingGroupMember us-gaap:ForeignExchangeContractMember 2016-07-02 0000217346 txt:SegmentManufacturingGroupMember us-gaap:ForeignExchangeContractMember 2016-01-02 0000217346 2016-07-15 0000217346 2016-01-03 2016-07-02 txt:segment txt:item xbrli:pure iso4217:USD xbrli:shares iso4217:USD xbrli:shares false --12-31 Q2 2016 2016-07-02 10-Q 0000217346 269463621 Yes Large Accelerated Filer TEXTRON INC 706000000 734000000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:77.84%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.12%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:11.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">January&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> </tr> <tr> <td valign="top" style="width:77.84%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Allowance based on collective evaluation</font></p> </td> <td valign="bottom" style="width:04.52%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.60%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31 </td> <td valign="bottom" style="width:04.52%;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31 </td> </tr> <tr> <td valign="top" style="width:77.84%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Allowance based on individual evaluation</font></p> </td> <td colspan="2" valign="bottom" style="width:11.12%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11 </td> <td colspan="2" valign="bottom" style="width:11.04%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17 </td> </tr> <tr> <td valign="top" style="width:77.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:77.84%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Finance receivables evaluated collectively</font></p> </td> <td valign="bottom" style="width:04.52%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.60%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>797 </td> <td valign="bottom" style="width:04.52%;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>883 </td> </tr> <tr> <td valign="top" style="width:77.84%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Finance receivables evaluated individually</font></p> </td> <td colspan="2" valign="bottom" style="width:11.12%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102 </td> <td colspan="2" valign="bottom" style="width:11.04%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104 </td> </tr> <tr> <td valign="top" style="width:77.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> -53000000 -48000000 0.12 0.08 0.09 0.02 34000000 23000000 25000000 6000000 54000000 36000000 39000000 10000000 0.0624 0.0572 75000000 33000000 63000000 31000000 0.0050 -6000000 -6000000 29000000 1135000000 1027000000 84000000 891000000 130000000 99000000 792000000 106000000 863000000 820000000 777000000 770000000 0.0760 0.0993 1087000000 1087000000 985000000 985000000 82000000 86000000 46000000 181000000 36000000 170000000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:78.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">January&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> </tr> <tr> <td valign="top" style="width:78.02%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Finance receivables</font><font style="display:inline;font-size:8pt;">*</font></p> </td> <td valign="bottom" style="width:04.34%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,027 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,135 </td> </tr> <tr> <td valign="top" style="width:78.02%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Allowance for losses</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(42) </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(48) </td> </tr> <tr> <td valign="top" style="width:78.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:78.02%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Total finance receivables, net</font></p> </td> <td valign="bottom" style="width:04.34%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>985 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,087 </td> </tr> <tr> <td valign="top" style="width:78.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">* Includes finance receivables held for sale of $30 million at both July&nbsp;2, 2016 and January&nbsp;2, 2016.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:78.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">January&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> </tr> <tr> <td valign="top" style="width:78.02%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Performing</font></p> </td> <td valign="bottom" style="width:04.34%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>792 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>891 </td> </tr> <tr> <td valign="top" style="width:78.02%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Watchlist</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>106 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130 </td> </tr> <tr> <td valign="top" style="width:78.02%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Nonaccrual</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>84 </td> </tr> <tr> <td valign="top" style="width:78.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:78.02%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Nonaccrual as a percentage of finance receivables</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:0.7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.93% </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:0.7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.60% </td> </tr> <tr> <td valign="top" style="width:78.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:78.02%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Less than 31 days past due</font></p> </td> <td valign="bottom" style="width:04.34%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>889 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>950 </td> </tr> <tr> <td valign="top" style="width:78.02%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">31-60 days past due</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86 </td> </tr> <tr> <td valign="top" style="width:78.02%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">61-90 days past due</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42 </td> </tr> <tr> <td valign="top" style="width:78.02%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Over 90 days past due</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27 </td> </tr> <tr> <td valign="top" style="width:78.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:78.02%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">60 + days contractual delinquency as a percentage of finance receivables</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:0.7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.72% </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:0.7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.24% </td> </tr> <tr> <td valign="top" style="width:78.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 27000000 34000000 42000000 23000000 86000000 51000000 950000000 889000000 73000000 40000000 53000000 19000000 19000000 4000000 14000000 9000000 45000000 51000000 -175000000 -110000000 -65000000 -140000000 -90000000 27000000 -6000000 33000000 -377000000 -4000000 -373000000 2628000000 2744000000 2958000000 3169000000 93000000 15000000 78000000 12000000 2000000 10000000 40000000 40000000 14000000 14000000 2 3 P3M 565000000 16000000 177000000 168000000 155000000 49000000 306000000 10000000 101000000 86000000 88000000 21000000 608000000 12000000 163000000 190000000 154000000 89000000 328000000 7000000 81000000 99000000 81000000 60000000 0.12 0.75 0.75 -6000000 -6000000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 99.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:60.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td colspan="4" valign="bottom" style="width:20.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Three Months Ended</font></p> </td> <td colspan="4" valign="bottom" style="width:19.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Six Months Ended</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;color:#000000;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;4,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;4,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Revenues</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.98%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Textron Aviation</font></p> </td> <td valign="bottom" style="width:03.30%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,196 </td> <td valign="bottom" style="width:03.08%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.94%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,124 </td> <td valign="bottom" style="width:03.08%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.92%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,287 </td> <td valign="bottom" style="width:02.94%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:07.04%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,175 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.30%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.94%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.92%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.94%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Bell</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>804 </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>850 </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,618 </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,663 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Textron Systems</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>487 </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>322 </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>811 </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>637 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Industrial</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,004 </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>927 </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,956 </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,799 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Finance </font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20 </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24 </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40 </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Total revenues</font></p> </td> <td valign="bottom" style="width:03.30%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,511 </td> <td valign="bottom" style="width:03.08%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.94%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,247 </td> <td valign="bottom" style="width:03.08%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.92%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,712 </td> <td valign="bottom" style="width:02.94%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:07.04%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,320 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Segment Profit</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.98%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Textron Aviation </font></p> </td> <td valign="bottom" style="width:03.30%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>81 </td> <td valign="bottom" style="width:03.08%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.94%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88 </td> <td valign="bottom" style="width:03.08%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.92%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>154 </td> <td valign="bottom" style="width:02.94%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:07.04%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>155 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.30%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.94%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.92%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.94%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Bell</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>81 </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>101 </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>163 </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>177 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Textron Systems</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60 </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21 </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>89 </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Industrial</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99 </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86 </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>190 </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>168 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Finance</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7 </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10 </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12 </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Segment profit</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>328 </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>306 </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>608 </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>565 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Corporate expenses and other, net</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(31) </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(33) </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(63) </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(75) </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Interest expense, net for Manufacturing group</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(37) </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32) </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(70) </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(65) </td> </tr> <tr> <td valign="bottom" style="width:60.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Income from continuing operations before income taxes</font></p> </td> <td valign="bottom" style="width:03.30%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>260 </td> <td valign="bottom" style="width:03.08%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.94%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>241 </td> <td valign="bottom" style="width:03.08%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.92%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>475 </td> <td valign="bottom" style="width:02.94%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:07.04%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>425 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 1063000000 1218000000 1080000000 841000000 239000000 1176000000 902000000 274000000 1047000000 1144000000 2467000000 2202000000 3915000000 4082000000 -1506000000 -1511000000 -13000000 18000000 -1449000000 -1400000000 -21000000 -28000000 -1398000000 -1327000000 -24000000 -47000000 -1333000000 -1291000000 1000000 -43000000 1587000000 1643000000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td colspan="4" valign="bottom" style="width:22.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Six Months Ended</font></p> </td> </tr> <tr> <td valign="bottom" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;4,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Beginning of period</font></p> </td> <td valign="bottom" style="width:04.42%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.58%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51 </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Provision for losses</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1) </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1) </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Charge-offs</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10) </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Recoveries</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">End of period</font></p> </td> <td valign="bottom" style="width:04.42%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.58%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>54 </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 33000000 32000000 1000000 2000000 5000000 5000000 14708000000 1316000000 13392000000 15034000000 1225000000 13809000000 6478000000 6770000000 37000000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Note 2.&nbsp;&nbsp;Business Acquisitions</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">In the first half of 2016, we paid $179 million in cash and assumed debt of $19 million to acquire five businesses, net of cash acquired and holdbacks.&nbsp; Our acquisition of Able Engineering and Component Services,&nbsp;Inc. and Able Aerospace,&nbsp;Inc. (Able) in the first quarter represented the largest of these businesses and is included in the Textron Aviation segment.&nbsp; Able is an industry-leading repair and overhaul business that provides component repairs, component exchanges and replacement parts, among other support and service offerings for commercial rotorcraft and fixed-wing aircraft customers around the world.&nbsp;&nbsp;We are in the process of allocating the purchase price and valuing the acquired assets and liabilities for these acquisitions.&nbsp; Based on the preliminary allocation of the aggregate purchase price for these acquisitions, $95 million has been allocated to goodwill, related to expected synergies and the value of the existing workforce, and $63 million to intangible assets.&nbsp; Of the recorded goodwill, approximately $37 million is deductible for tax purposes.&nbsp; The intangible assets are primarily related to customer relationships and technologies, which will be amortized over 10 to 18 years.&nbsp; The operating results of these acquisitions have been included in the Consolidated Statements of Operations since their respective closing dates.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 63000000 19000000 822000000 91000000 731000000 792000000 131000000 661000000 1005000000 59000000 946000000 743000000 82000000 661000000 -30000000 40000000 -70000000 -262000000 23000000 -285000000 -3000000 -3000000 -1000000 -1000000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Note 11.&nbsp;&nbsp;Commitments and Contingencies</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">We are subject to legal proceedings and other claims arising out of the conduct of our business, including proceedings and claims relating to commercial and financial transactions; government contracts; alleged lack of compliance with applicable laws and regulations; production partners; product liability; patent and trademark infringement; employment disputes; and environmental, safety and health matters.&nbsp;&nbsp;Some of these legal proceedings and claims seek damages, fines or penalties in substantial amounts or remediation of environmental contamination.&nbsp;&nbsp;As a government contractor, we are subject to audits, reviews and investigations to determine whether our operations are being conducted in accordance with applicable regulatory requirements. Under federal government procurement regulations, certain claims brought by the U.S. Government could result in our suspension or debarment from U.S. Government contracting for a period of time.&nbsp;&nbsp;On the basis of information presently available, we do not believe that existing proceedings and claims will have a material effect on our financial position or results of operations.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 0.04 0.02 0.04 0.02 274228000 269344000 36000000 36000000 352000000 268000000 392000000 176000000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Note 10.&nbsp;&nbsp;Accumulated Other Comprehensive Loss and Other Comprehensive Income (Loss)</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The components of Accumulated Other Comprehensive Loss are presented below:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:53.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <a name="mrllPB8"></a><font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Pension and</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Postretirement</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Benefits</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Adjustments</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Deferred</font></p> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Gains&nbsp;(Losses)</font></p> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">on Hedge</font></p> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Contracts</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Foreign</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Currency</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Translation</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Adjustments</font></p> </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Accumulated</font></p> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Other</font></p> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Comprehensive</font></p> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Loss</font></p> </td> </tr> <tr> <td valign="bottom" style="width:53.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">For the six months ended July&nbsp;2, 2016</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:53.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Beginning of the period</font></p> </td> <td valign="bottom" style="width:03.42%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.08%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,327) </td> <td valign="bottom" style="width:03.16%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.34%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(24) </td> <td valign="bottom" style="width:04.08%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.42%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(47) </td> <td valign="bottom" style="width:03.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,398) </td> </tr> <tr> <td valign="bottom" style="width:53.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Other comprehensive income before reclassifications</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5 </td> <td colspan="2" valign="bottom" style="width:11.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14 </td> <td colspan="2" valign="bottom" style="width:11.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> <td colspan="2" valign="bottom" style="width:12.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23 </td> </tr> <tr> <td valign="bottom" style="width:53.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Reclassified from Accumulated other comprehensive loss</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31 </td> <td colspan="2" valign="bottom" style="width:11.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11 </td> <td colspan="2" valign="bottom" style="width:11.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42 </td> </tr> <tr> <td valign="bottom" style="width:53.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:53.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Other comprehensive income </font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36 </td> <td colspan="2" valign="bottom" style="width:11.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25 </td> <td colspan="2" valign="bottom" style="width:11.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> <td colspan="2" valign="bottom" style="width:12.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>65 </td> </tr> <tr> <td valign="bottom" style="width:53.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:53.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">End of the period</font></p> </td> <td valign="bottom" style="width:03.42%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.08%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,291) </td> <td valign="bottom" style="width:03.16%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.34%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:04.08%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.42%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(43) </td> <td valign="bottom" style="width:03.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,333) </td> </tr> <tr> <td valign="bottom" style="width:53.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:53.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">For the six months ended July&nbsp;4, 2015</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.50%;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.50%;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:53.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:53.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Beginning of the period</font></p> </td> <td valign="bottom" style="width:03.42%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.08%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,511) </td> <td valign="bottom" style="width:03.16%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.34%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(13) </td> <td valign="bottom" style="width:04.08%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.42%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18 </td> <td valign="bottom" style="width:03.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,506) </td> </tr> <tr> <td valign="bottom" style="width:53.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Other comprehensive income (loss) before reclassifications</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62 </td> <td colspan="2" valign="bottom" style="width:11.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(14) </td> <td colspan="2" valign="bottom" style="width:11.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(46) </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> </tr> <tr> <td valign="bottom" style="width:53.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Reclassified from Accumulated other comprehensive loss</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49 </td> <td colspan="2" valign="bottom" style="width:11.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> <td colspan="2" valign="bottom" style="width:11.50%;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55 </td> </tr> <tr> <td valign="bottom" style="width:53.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:53.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Other comprehensive income (loss)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>111 </td> <td colspan="2" valign="bottom" style="width:11.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8) </td> <td colspan="2" valign="bottom" style="width:11.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(46) </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57 </td> </tr> <tr> <td valign="bottom" style="width:53.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:53.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">End of the period</font></p> </td> <td valign="bottom" style="width:03.42%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.08%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,400) </td> <td valign="bottom" style="width:03.16%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.34%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21) </td> <td valign="bottom" style="width:04.08%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.42%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(28) </td> <td valign="bottom" style="width:03.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,449) </td> </tr> <tr> <td valign="bottom" style="width:53.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The before and after-tax components of other comprehensive income (loss) are presented below:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 1.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td colspan="6" valign="bottom" style="width:29.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2, 2016</font></p> </td> <td colspan="6" valign="bottom" style="width:29.26%;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;4, 2015</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 1.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Pre-Tax</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Amount</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Tax</font></p> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">(Expense)</font></p> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Benefit</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">After-Tax</font></p> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Amount</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Pre-Tax</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Amount</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Tax</font></p> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">(Expense)</font></p> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Benefit</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">After-Tax</font></p> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Amount</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three Months Ended</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Pension and postretirement benefits adjustments:</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.74%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Amortization of net actuarial loss*</font></p> </td> <td valign="bottom" style="width:04.96%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.80%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26 </td> <td valign="bottom" style="width:04.62%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:05.14%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10) </td> <td valign="bottom" style="width:05.02%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16 </td> <td valign="bottom" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.84%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39 </td> <td valign="bottom" style="width:04.66%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:05.10%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(14) </td> <td valign="bottom" style="width:04.90%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.84%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Amortization of prior service credit*</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Unrealized gains</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>98 </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(36) </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Pension and postretirement benefits adjustments, net</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24 </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137 </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(50) </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>87 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Deferred gains on hedge contracts:</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.74%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Current deferrals</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3 </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1) </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Reclassification adjustments</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8 </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3 </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1) </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Deferred gains on hedge contracts, net</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Foreign currency translation adjustments</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(14) </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9 </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Total</font></p> </td> <td valign="bottom" style="width:04.96%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.80%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16 </td> <td valign="bottom" style="width:04.62%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:05.14%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(17) </td> <td valign="bottom" style="width:05.02%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1) </td> <td valign="bottom" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.84%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>152 </td> <td valign="bottom" style="width:04.66%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:05.10%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(51) </td> <td valign="bottom" style="width:04.90%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.84%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>101 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six Months Ended</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.74%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Pension and postretirement benefits adjustments:</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.74%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Amortization of net actuarial loss*</font></p> </td> <td valign="bottom" style="width:04.96%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.80%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>52 </td> <td valign="bottom" style="width:04.62%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:05.14%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19) </td> <td valign="bottom" style="width:05.02%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33 </td> <td valign="bottom" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.84%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>78 </td> <td valign="bottom" style="width:04.66%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:05.10%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(28) </td> <td valign="bottom" style="width:04.90%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.84%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Amortization of prior service credit*</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4) </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1) </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Unrealized gains</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7 </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>98 </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(36) </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Pension and postretirement benefits adjustments, net</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55 </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>174 </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(63) </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>111 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Deferred gains (losses) on hedge contracts:</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.74%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Current deferrals</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20 </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(18) </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(14) </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Reclassification adjustments</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15 </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9 </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3) </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Deferred gains (losses) on hedge contracts, net</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35 </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9) </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8) </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Foreign currency translation adjustments</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11 </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(43) </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3) </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(46) </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Total</font></p> </td> <td valign="bottom" style="width:04.96%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.80%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>101 </td> <td valign="bottom" style="width:04.62%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:05.14%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(36) </td> <td valign="bottom" style="width:05.02%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>65 </td> <td valign="bottom" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.84%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>122 </td> <td valign="bottom" style="width:04.66%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:05.10%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(65) </td> <td valign="bottom" style="width:04.90%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.84%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 9pt;"> <font style="display:inline;font-style:italic;color:#000000;font-size:9pt;">*These components of other comprehensive income are included in the computation of net periodic pension cost.&nbsp;&nbsp;See Note 11 of our 2015 Annual Report on Form&nbsp;10-K for additional information.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 5144000000 2635000000 5524000000 2889000000 5895000000 3006000000 6237000000 3251000000 913000000 913000000 849000000 849000000 262000000 278000000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Note 8.&nbsp;&nbsp;Debt</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Under our shelf registration statement, on March&nbsp;11, 2016, we issued $350 million of fixed-rate notes due March&nbsp;15, 2026 that bear an annual interest rate of 4.0%.&nbsp;&nbsp;The net proceeds of the issuance totaled $345 million, after deducting underwriting discounts, commissions and offering expenses.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 350000000 840000000 750000000 0.040 -15000000 -9000000 -6000000 32000000 -5000000 37000000 -78000000 -39000000 -52000000 -26000000 -12000000 8000000 -6000000 4000000 -11000000 7000000 -5000000 3000000 0.0475 242000000 121000000 245000000 122000000 8000000 163000000 4000000 82000000 8000000 170000000 4000000 85000000 -2000000 72000000 -1000000 39000000 -2000000 33000000 -1000000 17000000 2000000 59000000 1000000 29000000 1000000 49000000 25000000 220000000 5000000 215000000 223000000 6000000 217000000 28000000 11000000 7000000 7000000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Note 9.&nbsp;&nbsp;Derivative Instruments and Fair Value Measurements</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">We measure fair value at the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.&nbsp;&nbsp;We prioritize the assumptions that market participants would use in pricing the asset or liability into a three-tier fair value hierarchy.&nbsp;&nbsp;This fair value hierarchy gives the highest priority (Level 1) to quoted prices in active markets for identical assets or liabilities and the lowest priority (Level 3) to unobservable inputs in which little or no market data exist, requiring companies to develop their own assumptions.&nbsp;&nbsp;Observable inputs that do not meet the criteria of Level 1, which include quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets and liabilities in markets that are not active, are categorized as Level 2. Level 3 inputs are those that reflect our estimates about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances.&nbsp;&nbsp;Valuation techniques for assets and liabilities measured using Level 3 inputs may include methodologies such as the market approach, the income approach or the cost approach and may use unobservable inputs such as projections, estimates and management&#x2019;s interpretation of current market data.&nbsp;&nbsp;These unobservable inputs are utilized only to the extent that observable inputs are not available or cost effective to obtain.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Assets and Liabilities Recorded at Fair Value on a Recurring Basis</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">We manufacture and sell our products in a number of countries throughout the world, and, therefore, we are exposed to movements in foreign currency exchange rates. We primarily utilize foreign currency exchange contracts</font><font style="display:inline;color:#000000;"> &nbsp;w</font><font style="display:inline;">ith</font><font style="display:inline;color:#000000;"> maturities of no more than three years</font><font style="display:inline;"> to manage this volatility. </font><font style="display:inline;color:#000000;">These contracts qualify as cash flow hedges and are intended to offset the effect of exchange rate fluctuations on forecasted sales, inventory purchases and overhead expenses.&nbsp; </font><font style="display:inline;">Net gains and losses recognized in earnings and Accumulated other comprehensive loss on cash flow hedges, including gains and losses related to hedge ineffectiveness, were not significant in the periods presented.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Our foreign currency exchange contracts are measured at fair value using the market method valuation technique.&nbsp;&nbsp;The inputs to this technique utilize current foreign currency exchange forward market rates published by third-party leading financial news and data providers.&nbsp;&nbsp;These are observable data that represent the rates that the financial institution uses for contracts entered into at that date; however, they are not based on actual transactions so they are classified as Level 2. At July&nbsp;2, 2016 and January&nbsp;2, 2016, we had foreign currency exchange contracts with notional amounts upon which the contracts were based of $734 million and $706 million, respectively.&nbsp;&nbsp;At July&nbsp;2, 2016, the fair value amounts of our foreign currency exchange contracts were a $7 million asset and an $11 million liability. At January&nbsp;2, 2016, the fair value amounts of our foreign currency exchange contracts were a $7 million asset and a $28 million liability.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">We hedge our net investment position in major currencies and generate foreign currency interest payments that offset other transactional exposures in these currencies.&nbsp;&nbsp;To accomplish this, we borrow directly in foreign currency and designate a portion of foreign currency debt as a hedge of a net investment.&nbsp;&nbsp;We record changes in the fair value of these contracts in other comprehensive income to the extent they are effective as cash flow hedges.&nbsp;&nbsp;Currency effects on the effective portion of these hedges, which are reflected in the foreign currency translation adjustments within Accumulated other comprehensive loss, were not significant in the periods presented.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Assets Recorded at Fair Value on a Nonrecurring Basis</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">During the periods ended July&nbsp;2, 2016 and January&nbsp;2, 2016, the Finance group&#x2019;s impaired nonaccrual finance receivables of $51 million and $45 million, respectively, were measured at fair value on a nonrecurring basis using significant unobservable inputs (Level 3).&nbsp;&nbsp;Impaired nonaccrual finance receivables represent assets recorded at fair value on a nonrecurring basis since the measurement of required reserves on our impaired finance receivables is significantly dependent on the fair value of the underlying collateral.&nbsp;&nbsp;For impaired nonaccrual finance receivables secured by aviation assets, the fair values of collateral are determined primarily based on the use of industry pricing guides.&nbsp;&nbsp;Fair value measurements recorded on impaired finance receivables were not significant for both the three and six months ended July&nbsp;2, 2016 and July&nbsp;4, 2015.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Assets and Liabilities Not Recorded at Fair Value</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The carrying value and estimated fair value of our financial instruments that are not reflected in the financial statements at fair value are as follows:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:56.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td colspan="4" valign="bottom" style="width:22.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2, 2016</font></p> </td> <td colspan="4" valign="bottom" style="width:22.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">January&nbsp;2, 2016</font></p> </td> </tr> <tr> <td valign="bottom" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Carrying</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Value</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Estimated</font></p> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Fair&nbsp;Value</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Carrying</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Value</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Estimated</font></p> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Fair&nbsp;Value</font></p> </td> </tr> <tr> <td valign="bottom" style="width:56.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Manufacturing group</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:56.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:56.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Long-term debt, excluding leases</font></p> </td> <td valign="bottom" style="width:02.58%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.42%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,958) </td> <td valign="bottom" style="width:02.84%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,169) </td> <td valign="bottom" style="width:02.66%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.34%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,628) </td> <td valign="bottom" style="width:02.84%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.16%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,744) </td> </tr> <tr> <td valign="bottom" style="width:56.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Finance group</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:56.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Finance receivables, excluding leases</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>777 </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>770 </td> <td colspan="2" valign="bottom" style="width:11.00%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>863 </td> <td colspan="2" valign="bottom" style="width:11.00%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>820 </td> </tr> <tr> <td valign="bottom" style="width:56.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:56.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Debt</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(849) </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(750) </td> <td colspan="2" valign="bottom" style="width:11.00%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(913) </td> <td colspan="2" valign="bottom" style="width:11.00%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(840) </td> </tr> <tr> <td valign="bottom" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Fair value for the Manufacturing group debt is determined using market observable data for similar transactions (Level 2).&nbsp;&nbsp;At both July&nbsp;2, 2016 and January&nbsp;2, 2016, approximately 75% of the fair value of term debt for the Finance group was determined based on discounted cash flow analyses using observable market inputs from debt with similar duration, subordination and credit default expectations (Level 2).&nbsp;&nbsp;F</font><font style="display:inline;">air value estimates for finance receivables were determined based on internally developed discounted cash flow models primarily utilizing </font><font style="display:inline;">significant unobservable inputs (Level 3), which include </font><font style="display:inline;">estimates of the rate of return, financing cost, capital structure and/or discount rate expectations of current market participants combined with estimated loan cash flows based on credit losses, payment rates and expectations of borrowers&#x2019; ability to make payments on a timely basis.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 1.06 0.60 1.21 0.66 1.05 0.60 1.20 0.65 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Note 4.&nbsp;&nbsp;Earnings Per Share</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">We calculate basic and diluted earnings per share (EPS) based on net income, which approximates income available to common shareholders for each period. Basic EPS is calculated using the two-class method, which includes the weighted-average number of common shares outstanding during the period and restricted stock units to be paid in stock that are deemed participating securities as they provide nonforfeitable rights to dividends. Diluted EPS considers the dilutive effect of all potential future common stock, including stock options.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The weighted-average shares outstanding for basic and diluted EPS are as follows:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:22.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three Months Ended</font></p> </td> <td colspan="2" valign="bottom" style="width:22.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six Months Ended</font></p> </td> </tr> <tr> <td valign="bottom" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In thousands)</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;4,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;4,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Basic weighted-average shares outstanding</font></p> </td> <td valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>269,888 </td> <td valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>277,715 </td> <td valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>270,774 </td> <td valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>277,808 </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Dilutive effect of stock options</font></p> </td> <td valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,428 </td> <td valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,220 </td> <td valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,398 </td> <td valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,216 </td> </tr> <tr> <td valign="top" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Diluted weighted-average shares outstanding</font></p> </td> <td valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>271,316 </td> <td valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>279,935 </td> <td valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>272,172 </td> <td valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>280,024 </td> </tr> <tr> <td valign="top" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Stock options to purchase 5 million shares of common stock are excluded from the calculation of diluted weighted average shares outstanding for both the three and six months ended July&nbsp;2, 2016, as their effect would have been anti-dilutive.&nbsp;&nbsp;Stock options to purchase 2 million and 1 million shares of common stock are excluded from the calculation of diluted weighted average shares outstanding for the three and six months ended July&nbsp;4, 2015, respectively, as their effect would have been anti-dilutive.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> -4000000 -4000000 -1000000 -1000000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:02.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> <td valign="bottom" style="width:08.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;height:1.00pt;padding:0pt;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;height:1.00pt;overflow:hidden;font-size:0pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:56.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td colspan="4" valign="bottom" style="width:22.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2, 2016</font></p> </td> <td colspan="4" valign="bottom" style="width:22.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">January&nbsp;2, 2016</font></p> </td> </tr> <tr> <td valign="bottom" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Carrying</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Value</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Estimated</font></p> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Fair&nbsp;Value</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Carrying</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Value</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Estimated</font></p> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Fair&nbsp;Value</font></p> </td> </tr> <tr> <td valign="bottom" style="width:56.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Manufacturing group</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:56.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:56.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Long-term debt, excluding leases</font></p> </td> <td valign="bottom" style="width:02.58%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.42%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,958) </td> <td valign="bottom" style="width:02.84%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.16%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3,169) </td> <td valign="bottom" style="width:02.66%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.34%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,628) </td> <td valign="bottom" style="width:02.84%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.16%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2,744) </td> </tr> <tr> <td valign="bottom" style="width:56.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Finance group</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:56.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Finance receivables, excluding leases</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>777 </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>770 </td> <td colspan="2" valign="bottom" style="width:11.00%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>863 </td> <td colspan="2" valign="bottom" style="width:11.00%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>820 </td> </tr> <tr> <td valign="bottom" style="width:56.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:56.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Debt</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(849) </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(750) </td> <td colspan="2" valign="bottom" style="width:11.00%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(913) </td> <td colspan="2" valign="bottom" style="width:11.00%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(840) </td> </tr> <tr> <td valign="bottom" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 46000000 46000000 24000000 24000000 40000000 40000000 20000000 20000000 51000000 54000000 48000000 42000000 31000000 31000000 17000000 11000000 6000000 5000000 2000000 10000000 883000000 797000000 104000000 102000000 P18Y P10Y 2023000000 95000000 2118000000 102000000 95000000 104000000 102000000 17000000 11000000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:78.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">January&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Recorded investment:</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Impaired loans with related allowance for losses</font></p> </td> <td valign="bottom" style="width:04.42%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.58%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62 </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20.2pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Impaired loans with no related allowance for losses</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42 </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Total</font></p> </td> <td valign="bottom" style="width:04.42%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.58%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104 </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Unpaid principal balance</font></p> </td> <td valign="bottom" style="width:04.42%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.58%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>106 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>113 </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Allowance for losses on impaired loans</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17 </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Average recorded investment</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102 </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 113000000 106000000 42000000 40000000 62000000 62000000 297000000 10000000 287000000 169000000 329000000 7000000 322000000 178000000 425000000 241000000 475000000 260000000 1.07 0.61 1.21 0.66 1.06 0.60 1.21 0.66 -2000000 -2000000 -2000000 -2000000 -2000000 -1000000 -0.01 -0.01 -0.01 -0.01 -0.01 128000000 72000000 146000000 82000000 123000000 123000000 147000000 147000000 516000000 525000000 454000000 441000000 24000000 -10000000 34000000 -28000000 1000000 -29000000 2000000 2000000 3000000 3000000 144000000 144000000 80000000 80000000 2216000 2220000 1398000 1428000 85000000 42000000 87000000 44000000 -65000000 -32000000 -70000000 -37000000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Note 6.&nbsp;&nbsp;Inventories</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Inventories are composed of the following:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:75.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:12.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">January&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> </tr> <tr> <td valign="top" style="width:75.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Finished goods</font></p> </td> <td valign="bottom" style="width:04.98%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.56%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,967 </td> <td valign="bottom" style="width:04.90%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,735 </td> </tr> <tr> <td valign="top" style="width:75.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Work in process</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,932 </td> <td colspan="2" valign="bottom" style="width:12.46%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,921 </td> </tr> <tr> <td valign="top" style="width:75.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Raw materials and components</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>659 </td> <td colspan="2" valign="bottom" style="width:12.46%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>605 </td> </tr> <tr> <td valign="top" style="width:75.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:75.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,558 </td> <td colspan="2" valign="bottom" style="width:12.46%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,261 </td> </tr> <tr> <td valign="top" style="width:75.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Progress/milestone payments</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(963) </td> <td colspan="2" valign="bottom" style="width:12.46%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,117) </td> </tr> <tr> <td valign="top" style="width:75.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:75.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Total</font></p> </td> <td valign="bottom" style="width:04.98%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.56%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,595 </td> <td valign="bottom" style="width:04.90%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,144 </td> </tr> <tr> <td valign="top" style="width:75.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 1735000000 1967000000 5261000000 5558000000 4144000000 4144000000 4595000000 4595000000 605000000 659000000 2921000000 2932000000 9744000000 1141000000 8603000000 9848000000 1072000000 8776000000 14708000000 15034000000 3792000000 3698000000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Note 5.&nbsp;&nbsp;Accounts Receivable and Finance Receivables</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Accounts Receivable</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Accounts receivable is composed of the following:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:78.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">January&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Commercial</font></p> </td> <td valign="bottom" style="width:04.34%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>902 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>841 </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">U.S. Government contracts</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>274 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>239 </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,176 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,080 </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Allowance for doubtful accounts</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32) </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(33) </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Total</font></p> </td> <td valign="bottom" style="width:04.34%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,144 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,047 </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">We have unbillable receivables, primarily on U.S. Government contracts, that arise when the revenues we have appropriately recognized based on performance cannot be billed yet under terms of the contract.&nbsp;&nbsp;Unbillable receivables within accounts receivable totaled $188 million at July&nbsp;2, 2016 and $135 million at January&nbsp;2, 2016.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Finance Receivables</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Finance receivables are presented in the following table:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:78.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">January&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Finance receivables</font><font style="display:inline;font-size:8pt;">*</font></p> </td> <td valign="bottom" style="width:04.34%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,027 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,135 </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Allowance for losses</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(42) </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(48) </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Total finance receivables, net</font></p> </td> <td valign="bottom" style="width:04.34%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>985 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,087 </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">* Includes finance receivables held for sale of $30 million at both July&nbsp;2, 2016 and January&nbsp;2, 2016.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;color:#000000;">Credit Quality Indicators and Nonaccrual Finance Receivables</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">We internally assess the quality of our finance receivables based on a number of key credit quality indicators and statistics such as delinquency, loan balance to estimated collateral value and the financial strength of individual borrowers and guarantors. Because many of these indicators are difficult to apply across an entire class of receivables, we evaluate individual loans on a quarterly basis and classify these loans into three categories based on the key credit quality indicators for the individual loan. These three categories are performing, watchlist and nonaccrual.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">We classify finance receivables as nonaccrual if credit quality indicators suggest full collection of principal and interest is doubtful, we automatically classify accounts as nonaccrual once they are contractually delinquent by more than three months unless collection of principal and interest is not doubtful.&nbsp;&nbsp;Accrual of interest income is suspended for these accounts and all cash collections are generally applied to reduce the net investment balance. </font><font style="display:inline;color:#000000;"> Once we conclude that the collection of all principal and interest is no longer doubtful, </font><font style="display:inline;">we resume the accrual of interest</font><font style="display:inline;color:#000000;"> and recognize previously suspended interest income at the time either a)</font><font style="display:inline;"> the loan becomes contractually current through payment according to the original terms of the loan, or b) if the loan has been modified, following a period of performance under the terms of the modification.&nbsp;&nbsp;Accounts are classified as watchlist when credit quality indicators have deteriorated as compared with typical underwriting criteria, and we believe collection of full principal and interest is probable but not certain.&nbsp;&nbsp;All other finance receivables that do not meet the watchlist or nonaccrual categories are classified as performing.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;">Delinquency</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">We measure delinquency based on the contractual payment terms of our finance receivables.&nbsp;&nbsp;In determining the delinquency aging category of an account, any/all principal and interest received is applied to the most past-due principal and/or interest amounts due. If a significant portion of the contractually due payment is delinquent, the entire finance receivable balance is reported in accordance with the most past-due delinquency aging category.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Finance receivables categorized based on the credit quality indicators and by the delinquency aging category are summarized as follows:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:78.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">January&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Performing</font></p> </td> <td valign="bottom" style="width:04.34%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>792 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>891 </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Watchlist</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>106 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>130 </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Nonaccrual</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>84 </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Nonaccrual as a percentage of finance receivables</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:0.7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9.93% </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:0.7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7.60% </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Less than 31 days past due</font></p> </td> <td valign="bottom" style="width:04.34%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>889 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>950 </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">31-60 days past due</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86 </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">61-90 days past due</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42 </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Over 90 days past due</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>34 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>27 </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">60 + days contractual delinquency as a percentage of finance receivables</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:0.7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5.72% </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:0.7pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6.24% </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;">Impaired Loans</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">On a quarterly basis, we evaluate individual finance receivables for impairment in non-homogeneous portfolios and larger balance accounts in homogeneous loan portfolios.&nbsp;&nbsp;A finance receivable is considered impaired when it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement based on our review of the credit quality indicators described above.&nbsp;&nbsp;Impaired finance receivables include both nonaccrual accounts and accounts for which full collection of principal and interest remains probable, but the account&#x2019;s original terms have been, or are expected to be, significantly modified.&nbsp;&nbsp;If the modification specifies an interest rate equal to or greater than a market rate for a finance receivable with comparable risk, the account is not considered impaired in years subsequent to the modification.&nbsp;&nbsp;Interest income recognized on impaired loans was not significant in the first half of 2016 or 2015.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">A summary of impaired finance receivables, excluding leveraged leases, and the average recorded investment is provided below:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:78.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">January&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Recorded investment:</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Impaired loans with related allowance for losses</font></p> </td> <td valign="bottom" style="width:04.42%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.58%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62 </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 20.2pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Impaired loans with no related allowance for losses</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42 </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Total</font></p> </td> <td valign="bottom" style="width:04.42%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.58%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104 </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Unpaid principal balance</font></p> </td> <td valign="bottom" style="width:04.42%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.58%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>106 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>113 </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Allowance for losses on impaired loans</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17 </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Average recorded investment</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>95 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102 </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">A summary of the allowance for losses on finance receivables, based on how the underlying finance receivables are evaluated for impairment, is provided below.&nbsp;&nbsp;The finance receivables reported in this table specifically exclude leveraged leases in accordance with U.S. generally accepted accounting principles.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:78.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:10.98%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">January&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Allowance based on collective evaluation</font></p> </td> <td valign="bottom" style="width:04.26%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31 </td> <td valign="bottom" style="width:04.32%;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31 </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Allowance based on individual evaluation</font></p> </td> <td colspan="2" valign="bottom" style="width:11.02%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11 </td> <td colspan="2" valign="bottom" style="width:10.98%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17 </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Finance receivables evaluated collectively</font></p> </td> <td valign="bottom" style="width:04.26%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>797 </td> <td valign="bottom" style="width:04.32%;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>883 </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Finance receivables evaluated individually</font></p> </td> <td colspan="2" valign="bottom" style="width:11.02%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>102 </td> <td colspan="2" valign="bottom" style="width:10.98%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>104 </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;color:#000000;">Allowance for Losses</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">We maintain an allowance for losses on finance receivables at a level considered adequate to cover inherent losses in the portfolio based on management&#x2019;s evaluation.&nbsp;&nbsp;For larger balance accounts specifically identified as impaired, a reserve is established based on comparing the expected future cash flows, discounted at the finance receivable&#x2019;s effective interest rate, or the fair value of the underlying collateral if the finance receivable is collateral dependent, to its carrying amount.&nbsp;&nbsp;The expected future cash flows consider collateral value; financial performance and liquidity of our borrower; existence and financial strength of guarantors; estimated recovery costs, including legal expenses; and costs associated with the repossession and eventual disposal of collateral.&nbsp;&nbsp;When there is a range of potential outcomes, we perform multiple discounted cash flow analyses and weight the potential outcomes based on their relative likelihood of occurrence.&nbsp;&nbsp;The evaluation of our portfolio is inherently subjective, as it requires estimates, including the amount and timing of future cash flows expected to be received on impaired finance receivables and the estimated fair value of the underlying collateral, which may differ from actual results.&nbsp;&nbsp;While our analysis is specific to each individual account, critical factors included in this analysis include industry valuation guides, age and physical condition of the collateral, payment history and existence and financial strength of guarantors.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">We also establish an allowance for losses to cover probable but specifically unknown losses existing in the portfolio.&nbsp;&nbsp;This allowance is established as a percentage of non-recourse finance receivables, which have not been identified as requiring specific reserves.&nbsp;&nbsp;The percentage is based on a combination of factors, including historical loss experience, current delinquency and default trends, collateral values and both general economic and specific industry trends.&nbsp;&nbsp;Finance receivables are charged off at the earlier of the date the collateral is repossessed or when no payment has been received for six months, unless management deems the receivable collectible.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">A rollforward of the allowance for losses on finance receivables is provided below:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td colspan="4" valign="bottom" style="width:22.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Six Months Ended</font></p> </td> </tr> <tr> <td valign="bottom" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;4,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Beginning of period</font></p> </td> <td valign="bottom" style="width:04.42%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.58%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>48 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>51 </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Provision for losses</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1) </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1) </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Charge-offs</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10) </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Recoveries</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:78.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">End of period</font></p> </td> <td valign="bottom" style="width:04.42%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.58%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>54 </td> </tr> <tr> <td valign="top" style="width:78.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 30000000 30000000 2435000000 2785000000 P3Y -93000000 -121000000 28000000 68000000 -102000000 141000000 -135000000 134000000 -207000000 -298000000 120000000 -383000000 202000000 27000000 113000000 -31000000 5000000 -42000000 205000000 27000000 116000000 -30000000 5000000 -41000000 295000000 10000000 285000000 167000000 327000000 7000000 320000000 177000000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;">New Accounting Pronouncements</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">In May&nbsp;2014, the </font><font style="display:inline;color:#000000;">Financial Accounting Standards Board (FASB) </font><font style="display:inline;color:#000000;">issued </font><font style="display:inline;color:#000000;">Accounting Standards Update (ASU) </font><font style="display:inline;color:#000000;">No.&nbsp;2014-09, </font><font style="display:inline;font-style:italic;color:#000000;">Revenue from Contracts with Customers</font><font style="display:inline;color:#000000;">, that outlines a comprehensive five-step revenue recognition model based on the principle that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. In July&nbsp;2015, the FASB approved a one-year deferral of the effective date of the standard to the beginning of 2018 for public companies, with an option that would permit companies to adopt the standard as early as the original effective date of 2017.&nbsp; The new standard may be adopted either retrospectively or on a modified retrospective basis whereby it would be applied to new contracts and existing contracts with remaining performance obligations as of the effective date, with a cumulative catch-up adjustment recorded to beginning retained earnings at the effective date for those contracts.&nbsp; We are currently evaluating the impacts of adoption on our consolidated financial position, results of operations and related disclosures, along with the implementation approach to be used.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">In February&nbsp;2016, the FASB issued ASU No.&nbsp;2016-02, </font><font style="display:inline;font-style:italic;color:#000000;">Leases</font><font style="display:inline;color:#000000;">, that requires all leases with a term greater than 12 months be recognized on the balance sheet, while lease expenses would continue to be recognized in the statement of operations in a manner similar to current accounting guidance. &nbsp;The new standard is effective for our company at the beginning of fiscal 2019 and early adoption is permitted.&nbsp; Entities must adopt the standard on a modified retrospective basis whereby it would be applied at the beginning of the earliest comparative year.&nbsp; We are currently evaluating the impact of adoption on our consolidated financial statements.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">In June&nbsp;2016, the FASB issued ASU No.&nbsp;2016-13, </font><font style="display:inline;font-style:italic;color:#000000;">Financial Instruments &#x2013; Credit Losses. </font><font style="display:inline;color:#000000;">For most financial assets, such as trade and other receivables, loans and other instruments, this standard changes the current incurred loss model to a forward-looking expected credit loss model, which generally will result in the earlier recognition of allowances for losses.&nbsp;&nbsp;The new standard is effective for our company at the beginning of fiscal 2020 with early adoption permitted beginning in fiscal 2019.&nbsp;&nbsp;Entities are required to apply the provisions of the standard through a cumulative-effect adjustment to retained earnings as of the effective date.&nbsp;&nbsp;W</font><font style="display:inline;color:#000000;">e are currently evaluating the impact of adoption on our consolidated financial statements.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 5 5 5 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Note 1.&nbsp;&nbsp;Basis of Presentation</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Our Consolidated Financial Statements include the accounts of Textron Inc. (Textron) and its majority-owned subsidiaries.&nbsp;&nbsp;We have prepared these unaudited consolidated financial statements in accordance with accounting principles generally accepted in the U.S. for interim financial information.&nbsp;&nbsp;Accordingly, these interim financial statements do not include all of the information and footnotes required by accounting principles generally accepted in the U.S. for complete financial statements.&nbsp;&nbsp;The consolidated interim financial statements included in this quarterly report should be read in conjunction with the consolidated financial statements included in our Annual Report on Form&nbsp;10-K for the year ended January&nbsp;2, 2016.&nbsp;&nbsp;In the opinion of management, the interim financial statements reflect all adjustments (consisting only of normal recurring adjustments) that are necessary for the fair presentation of our consolidated financial position, results of operations and cash flows for the interim periods presented.&nbsp;&nbsp;The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Our financings are conducted through two separate borrowing groups.&nbsp;&nbsp;The Manufacturing group consists of Textron consolidated with its majority-owned subsidiaries that operate in the Textron Aviation, Bell, Textron Systems and Industrial segments. The Finance group, which also is the Finance segment, consists of Textron Financial Corporation and its consolidated subsidiaries. We designed this framework to enhance our borrowing power by separating the Finance group. Our Manufacturing group operations include the development, production and delivery of tangible goods and services, while our Finance group provides financial services. Due to the fundamental differences between each borrowing group&#x2019;s activities, investors, rating agencies and analysts use different measures to evaluate each group&#x2019;s performance.&nbsp;&nbsp;To support those evaluations, we present balance sheet and cash flow information for each borrowing group within the Consolidated Financial Statements.&nbsp;&nbsp;All significant intercompany transactions are eliminated from the Consolidated Financial Statements, including retail financing activities for inventory sold by our Manufacturing group and financed by our Finance group.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;">Use of Estimates</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">We prepare our financial statements in conformity with generally accepted accounting principles, which require us to make estimates and assumptions that affect the amounts reported in the financial statements.&nbsp;&nbsp;Actual results could differ from those estimates.&nbsp;&nbsp;Our estimates and assumptions are reviewed periodically, and the effects of changes, if any, are reflected in the Consolidated Statements of Operations in the period that they are determined.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">During 2016 and 2015, we changed our estimates of revenues and costs on certain long-term contracts that are accounted for under the percentage-of-completion method of accounting.&nbsp;&nbsp;These changes in estimates increased income from continuing operations before income taxes in the second quarter of 2016 and 2015 by $10 million and $36 million, respectively, ($6 million and $23 million after tax, or $0.02 and $0.08 per diluted share, respectively). For the second quarter of 2016 and 2015, the gross favorable program profit adjustments totaled $19 million and $40 million, respectively, and the gross unfavorable program profit adjustments totaled $9 million and $4 million, respectively.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">The changes in estimates increased income from continuing operations before income taxes in the first half of 2016 and 2015 by $39 million and $54 million, respectively, ($25 million and $34 million after tax, or $0.09 and $0.12 per diluted share, respectively).&nbsp;&nbsp;For the first half of 2016 and 2015, the gross favorable program profit adjustments totaled $53 million and $73 million, respectively, and the gross unfavorable program profit adjustments totaled $14 million and $19 million, respectively.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;">New Accounting Pronouncements</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">In May&nbsp;2014, the </font><font style="display:inline;color:#000000;">Financial Accounting Standards Board (FASB) </font><font style="display:inline;color:#000000;">issued </font><font style="display:inline;color:#000000;">Accounting Standards Update (ASU) </font><font style="display:inline;color:#000000;">No.&nbsp;2014-09, </font><font style="display:inline;font-style:italic;color:#000000;">Revenue from Contracts with Customers</font><font style="display:inline;color:#000000;">, that outlines a comprehensive five-step revenue recognition model based on the principle that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. In July&nbsp;2015, the FASB approved a one-year deferral of the effective date of the standard to the beginning of 2018 for public companies, with an option that would permit companies to adopt the standard as early as the original effective date of 2017.&nbsp; The new standard may be adopted either retrospectively or on a modified retrospective basis whereby it would be applied to new contracts and existing contracts with remaining performance obligations as of the effective date, with a cumulative catch-up adjustment recorded to beginning retained earnings at the effective date for those contracts.&nbsp; We are currently evaluating the impacts of adoption on our consolidated financial position, results of operations and related disclosures, along with the implementation approach to be used.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">In February&nbsp;2016, the FASB issued ASU No.&nbsp;2016-02, </font><font style="display:inline;font-style:italic;color:#000000;">Leases</font><font style="display:inline;color:#000000;">, that requires all leases with a term greater than 12 months be recognized on the balance sheet, while lease expenses would continue to be recognized in the statement of operations in a manner similar to current accounting guidance. &nbsp;The new standard is effective for our company at the beginning of fiscal 2019 and early adoption is permitted.&nbsp; Entities must adopt the standard on a modified retrospective basis whereby it would be applied at the beginning of the earliest comparative year.&nbsp; We are currently evaluating the impact of adoption on our consolidated financial statements.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">In June&nbsp;2016, the FASB issued ASU No.&nbsp;2016-13, </font><font style="display:inline;font-style:italic;color:#000000;">Financial Instruments &#x2013; Credit Losses. </font><font style="display:inline;color:#000000;">For most financial assets, such as trade and other receivables, loans and other instruments, this standard changes the current incurred loss model to a forward-looking expected credit loss model, which generally will result in the earlier recognition of allowances for losses.&nbsp;&nbsp;The new standard is effective for our company at the beginning of fiscal 2020 with early adoption permitted beginning in fiscal 2019.&nbsp;&nbsp;Entities are required to apply the provisions of the standard through a cumulative-effect adjustment to retained earnings as of the effective date.&nbsp;&nbsp;W</font><font style="display:inline;color:#000000;">e are currently evaluating the impact of adoption on our consolidated financial statements.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 170000000 158000000 341000000 370000000 2399000000 2339000000 -174000000 -137000000 -55000000 -24000000 -111000000 -87000000 -36000000 -15000000 62000000 62000000 5000000 36000000 36000000 2000000 -63000000 -50000000 -19000000 -9000000 -9000000 6000000 35000000 6000000 -8000000 4000000 25000000 4000000 -1000000 2000000 10000000 2000000 -46000000 10000000 4000000 -20000000 -46000000 10000000 4000000 -20000000 -43000000 9000000 11000000 -14000000 3000000 -1000000 7000000 6000000 -2000000 -4000000 -2000000 -1000000 -2000000 -1000000 -1000000 -2000000 -1000000 2000000 62000000 -14000000 -46000000 23000000 5000000 14000000 4000000 122000000 152000000 101000000 16000000 57000000 111000000 -8000000 -46000000 65000000 36000000 25000000 4000000 57000000 101000000 65000000 -1000000 -111000000 -87000000 -36000000 -15000000 98000000 98000000 98000000 7000000 -9000000 -3000000 -15000000 -8000000 -6000000 -2000000 -11000000 -6000000 -3000000 -1000000 -4000000 -2000000 -78000000 -39000000 -52000000 -26000000 -50000000 -25000000 -33000000 -16000000 -28000000 -14000000 -19000000 -10000000 65000000 51000000 36000000 17000000 -18000000 3000000 20000000 -2000000 -14000000 2000000 14000000 -2000000 -4000000 1000000 6000000 228000000 223000000 2376000000 2293000000 -53000000 -2000000 -51000000 -51000000 -51000000 -26000000 -35000000 -52000000 -36000000 -3000000 87000000 87000000 215000000 215000000 11000000 11000000 11000000 29000000 11000000 34000000 34000000 179000000 179000000 179000000 173000000 173000000 207000000 207000000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Note 3.&nbsp;&nbsp;Retirement Plans</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">We provide defined benefit pension plans and other postretirement benefits to eligible employees.&nbsp;&nbsp;The components of net periodic benefit cost (credit) for these plans are as follows:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td colspan="4" valign="bottom" style="width:22.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three Months Ended</font></p> </td> <td colspan="4" valign="bottom" style="width:22.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six Months Ended</font></p> </td> </tr> <tr> <td valign="bottom" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;4,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;4,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> </tr> <tr> <td valign="top" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Pension Benefits</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 5.05pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 5.05pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 5.05pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 5.05pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Service cost</font></p> </td> <td valign="bottom" style="width:04.58%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.42%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25 </td> <td valign="bottom" style="width:04.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29 </td> <td valign="bottom" style="width:04.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49 </td> <td valign="bottom" style="width:04.58%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.42%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>59 </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Interest cost</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>82 </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>170 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>163 </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Expected return on plan assets</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(122) </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(121) </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(245) </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(242) </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Amortization of net actuarial loss</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39 </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>52 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>78 </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Amortization of prior service cost</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8 </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Curtailment and other charges</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> </tr> <tr> <td valign="top" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Net periodic benefit cost</font></p> </td> <td valign="bottom" style="width:04.58%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.42%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17 </td> <td valign="bottom" style="width:04.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39 </td> <td valign="bottom" style="width:04.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33 </td> <td valign="bottom" style="width:04.58%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.42%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>72 </td> </tr> <tr> <td valign="top" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Postretirement Benefits Other Than Pensions</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Service cost</font></p> </td> <td valign="bottom" style="width:04.58%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.42%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:04.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:04.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:04.58%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.42%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Interest cost</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8 </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Amortization of prior service credit</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5) </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6) </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(11) </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12) </td> </tr> <tr> <td valign="top" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Net periodic benefit credit</font></p> </td> <td valign="bottom" style="width:04.58%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.42%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1) </td> <td valign="bottom" style="width:04.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1) </td> <td valign="bottom" style="width:04.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td valign="bottom" style="width:04.58%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.42%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> </tr> <tr> <td valign="top" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">In April&nbsp;2015, our Bell segment announced cost reduction actions that resulted in a headcount reduction of approximately 12% of the Bell workforce.&nbsp;&nbsp;We determined that a curtailment had occurred in Bell&#x2019;s pension plan as a result of this reduction, which triggered a remeasurement of the projected benefit obligation. We remeasured Bell&#x2019;s pension plan incorporating a 50 basis-point increase in the discount rate to 4.75%, while other assumptions remained consistent with year-end.&nbsp;&nbsp;The remeasurement reduced our unrealized losses by approximately $98 million which was recorded in other comprehensive income in the second quarter of 2015.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 345000000 9000000 9000000 362000000 17000000 345000000 21000000 21000000 10000000 10000000 105000000 105000000 12000000 12000000 148000000 142000000 143000000 139000000 4000000 2000000 37000000 37000000 33000000 37000000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Note 7.&nbsp;&nbsp;Warranty Liability</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Changes in our warranty liability are as follows:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:74.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td colspan="4" valign="bottom" style="width:25.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six Months Ended</font></p> </td> </tr> <tr> <td valign="bottom" style="width:74.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:12.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:12.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;4,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> </tr> <tr> <td valign="top" style="width:74.98%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Beginning of period</font></p> </td> <td valign="bottom" style="width:05.04%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.48%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>143 </td> <td valign="bottom" style="width:04.92%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>148 </td> </tr> <tr> <td valign="top" style="width:74.98%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Provision</font></p> </td> <td colspan="2" valign="bottom" style="width:12.52%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37 </td> <td colspan="2" valign="bottom" style="width:12.48%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33 </td> </tr> <tr> <td valign="top" style="width:74.98%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Settlements</font></p> </td> <td colspan="2" valign="bottom" style="width:12.52%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(37) </td> <td colspan="2" valign="bottom" style="width:12.48%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(37) </td> </tr> <tr> <td valign="top" style="width:74.98%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Acquisitions</font></p> </td> <td colspan="2" valign="bottom" style="width:12.52%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> <td colspan="2" valign="bottom" style="width:12.48%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> </tr> <tr> <td valign="top" style="width:74.98%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Adjustments*</font></p> </td> <td colspan="2" valign="bottom" style="width:12.52%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6) </td> <td colspan="2" valign="bottom" style="width:12.48%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6) </td> </tr> <tr> <td valign="top" style="width:74.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:74.98%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">End of period</font></p> </td> <td valign="bottom" style="width:05.04%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.48%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>139 </td> <td valign="bottom" style="width:04.92%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>142 </td> </tr> <tr> <td valign="top" style="width:74.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;color:#000000;font-size:8pt;">* Adjustments include changes to prior year estimates, new issues on prior year sales and currency translation adjustments.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 1117000000 963000000 2492000000 2582000000 -1000000 -1000000 -55000000 -49000000 -6000000 -42000000 -31000000 -11000000 130000000 130000000 90000000 90000000 5298000000 5614000000 6320000000 3247000000 6712000000 3511000000 6274000000 1663000000 1799000000 2175000000 637000000 3223000000 850000000 927000000 1124000000 322000000 6672000000 1618000000 1956000000 2287000000 811000000 3491000000 804000000 1004000000 1196000000 487000000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:78.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">January&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> </tr> <tr> <td valign="top" style="width:78.02%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Commercial</font></p> </td> <td valign="bottom" style="width:04.34%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>902 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>841 </td> </tr> <tr> <td valign="top" style="width:78.02%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">U.S. Government contracts</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>274 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>239 </td> </tr> <tr> <td valign="top" style="width:78.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:78.02%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,176 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,080 </td> </tr> <tr> <td valign="top" style="width:78.02%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Allowance for doubtful accounts</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32) </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(33) </td> </tr> <tr> <td valign="top" style="width:78.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:78.02%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Total</font></p> </td> <td valign="bottom" style="width:04.34%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,144 </td> <td valign="bottom" style="width:04.34%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.66%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,047 </td> </tr> <tr> <td valign="top" style="width:78.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:53.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Pension and</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Postretirement</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Benefits</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Adjustments</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Deferred</font></p> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Gains&nbsp;(Losses)</font></p> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">on Hedge</font></p> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Contracts</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Foreign</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Currency</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Translation</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Adjustments</font></p> </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Accumulated</font></p> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Other</font></p> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Comprehensive</font></p> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Loss</font></p> </td> </tr> <tr> <td valign="bottom" style="width:53.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">For the six months ended July&nbsp;2, 2016</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:53.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Beginning of the period</font></p> </td> <td valign="bottom" style="width:03.42%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.08%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,327) </td> <td valign="bottom" style="width:03.16%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.34%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(24) </td> <td valign="bottom" style="width:04.08%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.42%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(47) </td> <td valign="bottom" style="width:03.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,398) </td> </tr> <tr> <td valign="bottom" style="width:53.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Other comprehensive income before reclassifications</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5 </td> <td colspan="2" valign="bottom" style="width:11.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14 </td> <td colspan="2" valign="bottom" style="width:11.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> <td colspan="2" valign="bottom" style="width:12.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>23 </td> </tr> <tr> <td valign="bottom" style="width:53.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Reclassified from Accumulated other comprehensive loss</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>31 </td> <td colspan="2" valign="bottom" style="width:11.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11 </td> <td colspan="2" valign="bottom" style="width:11.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>42 </td> </tr> <tr> <td valign="bottom" style="width:53.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:53.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Other comprehensive income </font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36 </td> <td colspan="2" valign="bottom" style="width:11.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25 </td> <td colspan="2" valign="bottom" style="width:11.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> <td colspan="2" valign="bottom" style="width:12.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>65 </td> </tr> <tr> <td valign="bottom" style="width:53.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:53.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">End of the period</font></p> </td> <td valign="bottom" style="width:03.42%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.08%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,291) </td> <td valign="bottom" style="width:03.16%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.34%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:04.08%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.42%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(43) </td> <td valign="bottom" style="width:03.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,333) </td> </tr> <tr> <td valign="bottom" style="width:53.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:53.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">For the six months ended July&nbsp;4, 2015</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.50%;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.50%;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:12.00%;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:53.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:53.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Beginning of the period</font></p> </td> <td valign="bottom" style="width:03.42%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.08%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,511) </td> <td valign="bottom" style="width:03.16%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.34%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(13) </td> <td valign="bottom" style="width:04.08%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.42%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18 </td> <td valign="bottom" style="width:03.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,506) </td> </tr> <tr> <td valign="bottom" style="width:53.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Other comprehensive income (loss) before reclassifications</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62 </td> <td colspan="2" valign="bottom" style="width:11.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(14) </td> <td colspan="2" valign="bottom" style="width:11.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(46) </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> </tr> <tr> <td valign="bottom" style="width:53.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Reclassified from Accumulated other comprehensive loss</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49 </td> <td colspan="2" valign="bottom" style="width:11.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> <td colspan="2" valign="bottom" style="width:11.50%;padding:0pt;"> <p style="margin:0pt 10.1pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55 </td> </tr> <tr> <td valign="bottom" style="width:53.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:53.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Other comprehensive income (loss)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>111 </td> <td colspan="2" valign="bottom" style="width:11.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8) </td> <td colspan="2" valign="bottom" style="width:11.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(46) </td> <td colspan="2" valign="bottom" style="width:12.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:10.1pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57 </td> </tr> <tr> <td valign="bottom" style="width:53.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:53.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">End of the period</font></p> </td> <td valign="bottom" style="width:03.42%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.08%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,400) </td> <td valign="bottom" style="width:03.16%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.34%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(21) </td> <td valign="bottom" style="width:04.08%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.42%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(28) </td> <td valign="bottom" style="width:03.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:08.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,449) </td> </tr> <tr> <td valign="bottom" style="width:53.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:08.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 1.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td colspan="6" valign="bottom" style="width:29.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2, 2016</font></p> </td> <td colspan="6" valign="bottom" style="width:29.26%;border-top:1pt solid #000000 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;4, 2015</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 1.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Pre-Tax</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Amount</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Tax</font></p> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">(Expense)</font></p> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Benefit</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">After-Tax</font></p> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Amount</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Pre-Tax</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">Amount</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Tax</font></p> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">(Expense)</font></p> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Benefit</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">After-Tax</font></p> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Amount</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three Months Ended</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Pension and postretirement benefits adjustments:</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.74%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Amortization of net actuarial loss*</font></p> </td> <td valign="bottom" style="width:04.96%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.80%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26 </td> <td valign="bottom" style="width:04.62%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:05.14%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10) </td> <td valign="bottom" style="width:05.02%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16 </td> <td valign="bottom" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.84%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39 </td> <td valign="bottom" style="width:04.66%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:05.10%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(14) </td> <td valign="bottom" style="width:04.90%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.84%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Amortization of prior service credit*</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Unrealized gains</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>98 </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(36) </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Pension and postretirement benefits adjustments, net</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24 </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>137 </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(50) </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>87 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Deferred gains on hedge contracts:</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.74%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Current deferrals</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3 </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1) </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Reclassification adjustments</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8 </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3 </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1) </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Deferred gains on hedge contracts, net</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Foreign currency translation adjustments</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(14) </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(20) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9 </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Total</font></p> </td> <td valign="bottom" style="width:04.96%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.80%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16 </td> <td valign="bottom" style="width:04.62%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:05.14%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(17) </td> <td valign="bottom" style="width:05.02%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1) </td> <td valign="bottom" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.84%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>152 </td> <td valign="bottom" style="width:04.66%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:05.10%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(51) </td> <td valign="bottom" style="width:04.90%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.84%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>101 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six Months Ended</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.74%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Pension and postretirement benefits adjustments:</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.74%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Amortization of net actuarial loss*</font></p> </td> <td valign="bottom" style="width:04.96%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.80%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>52 </td> <td valign="bottom" style="width:04.62%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:05.14%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19) </td> <td valign="bottom" style="width:05.02%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33 </td> <td valign="bottom" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.84%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>78 </td> <td valign="bottom" style="width:04.66%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:05.10%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(28) </td> <td valign="bottom" style="width:04.90%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.84%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>50 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Amortization of prior service credit*</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4) </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1) </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Unrealized gains</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7 </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>98 </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(36) </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>62 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Pension and postretirement benefits adjustments, net</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>55 </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(19) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>36 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>174 </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(63) </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>111 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Deferred gains (losses) on hedge contracts:</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.76%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.74%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Current deferrals</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20 </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>14 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(18) </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(14) </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 9.35pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Reclassification adjustments</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>15 </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>9 </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3) </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Deferred gains (losses) on hedge contracts, net</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>35 </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(10) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(9) </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(8) </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Foreign currency translation adjustments</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>11 </td> <td colspan="2" valign="bottom" style="width:09.76%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(7) </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(43) </td> <td colspan="2" valign="bottom" style="width:09.76%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(3) </td> <td colspan="2" valign="bottom" style="width:09.74%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(46) </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:41.46%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Total</font></p> </td> <td valign="bottom" style="width:04.96%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.80%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>101 </td> <td valign="bottom" style="width:04.62%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:05.14%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(36) </td> <td valign="bottom" style="width:05.02%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>65 </td> <td valign="bottom" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.84%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>122 </td> <td valign="bottom" style="width:04.66%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:05.10%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(65) </td> <td valign="bottom" style="width:04.90%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:04.84%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>57 </td> </tr> <tr> <td valign="bottom" style="width:41.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.96%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.62%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt solid #000000 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt solid #000000 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.66%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 9pt;"> <font style="display:inline;font-style:italic;color:#000000;font-size:9pt;">*These components of other comprehensive income are included in the computation of net periodic pension cost.&nbsp;&nbsp;See Note 11 of our 2015 Annual Report on Form&nbsp;10-K for additional information.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:74.98%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:12.46%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">January&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> </tr> <tr> <td valign="top" style="width:74.98%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Finished goods</font></p> </td> <td valign="bottom" style="width:04.98%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.56%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,967 </td> <td valign="bottom" style="width:04.90%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,735 </td> </tr> <tr> <td valign="top" style="width:74.98%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Work in process</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,932 </td> <td colspan="2" valign="bottom" style="width:12.46%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,921 </td> </tr> <tr> <td valign="top" style="width:74.98%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Raw materials and components</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>659 </td> <td colspan="2" valign="bottom" style="width:12.46%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>605 </td> </tr> <tr> <td valign="top" style="width:74.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:74.98%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,558 </td> <td colspan="2" valign="bottom" style="width:12.46%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,261 </td> </tr> <tr> <td valign="top" style="width:74.98%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Progress/milestone payments</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(963) </td> <td colspan="2" valign="bottom" style="width:12.46%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,117) </td> </tr> <tr> <td valign="top" style="width:74.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.46%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:74.98%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Total</font></p> </td> <td valign="bottom" style="width:04.98%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.56%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,595 </td> <td valign="bottom" style="width:04.90%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4,144 </td> </tr> <tr> <td valign="top" style="width:74.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td colspan="4" valign="bottom" style="width:22.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three Months Ended</font></p> </td> <td colspan="4" valign="bottom" style="width:22.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six Months Ended</font></p> </td> </tr> <tr> <td valign="bottom" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;4,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;4,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> </tr> <tr> <td valign="top" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Pension Benefits</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 5.05pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 5.05pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 5.05pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 5.05pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Service cost</font></p> </td> <td valign="bottom" style="width:04.58%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.42%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>25 </td> <td valign="bottom" style="width:04.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29 </td> <td valign="bottom" style="width:04.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49 </td> <td valign="bottom" style="width:04.58%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.42%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>59 </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Interest cost</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>85 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>82 </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>170 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>163 </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Expected return on plan assets</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(122) </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(121) </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(245) </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(242) </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Amortization of net actuarial loss</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>26 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39 </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>52 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>78 </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Amortization of prior service cost</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8 </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Curtailment and other charges</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6 </td> </tr> <tr> <td valign="top" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Net periodic benefit cost</font></p> </td> <td valign="bottom" style="width:04.58%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.42%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>17 </td> <td valign="bottom" style="width:04.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>39 </td> <td valign="bottom" style="width:04.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33 </td> <td valign="bottom" style="width:04.58%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.42%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>72 </td> </tr> <tr> <td valign="top" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Postretirement Benefits Other Than Pensions</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:11.00%;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="top" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Service cost</font></p> </td> <td valign="bottom" style="width:04.58%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.42%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&#x2014;</font></p> </td> <td valign="bottom" style="width:04.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:04.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1 </td> <td valign="bottom" style="width:04.58%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.42%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Interest cost</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8 </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>8 </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Amortization of prior service credit</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(5) </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6) </td> <td colspan="2" valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(11) </td> <td colspan="2" valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(12) </td> </tr> <tr> <td valign="top" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Net periodic benefit credit</font></p> </td> <td valign="bottom" style="width:04.58%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.42%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1) </td> <td valign="bottom" style="width:04.50%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.50%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1) </td> <td valign="bottom" style="width:04.50%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.50%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> <td valign="bottom" style="width:04.58%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:06.42%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(2) </td> </tr> <tr> <td valign="top" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.50%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.42%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:74.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td colspan="4" valign="bottom" style="width:25.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six Months Ended</font></p> </td> </tr> <tr> <td valign="bottom" style="width:74.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10pt;line-height:106.67%;text-indent: -10pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:12.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:12.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;4,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> </tr> <tr> <td valign="top" style="width:74.98%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Beginning of period</font></p> </td> <td valign="bottom" style="width:05.04%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.48%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>143 </td> <td valign="bottom" style="width:04.92%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>148 </td> </tr> <tr> <td valign="top" style="width:74.98%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Provision</font></p> </td> <td colspan="2" valign="bottom" style="width:12.52%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>37 </td> <td colspan="2" valign="bottom" style="width:12.48%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>33 </td> </tr> <tr> <td valign="top" style="width:74.98%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Settlements</font></p> </td> <td colspan="2" valign="bottom" style="width:12.52%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(37) </td> <td colspan="2" valign="bottom" style="width:12.48%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(37) </td> </tr> <tr> <td valign="top" style="width:74.98%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Acquisitions</font></p> </td> <td colspan="2" valign="bottom" style="width:12.52%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2 </td> <td colspan="2" valign="bottom" style="width:12.48%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>4 </td> </tr> <tr> <td valign="top" style="width:74.98%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Adjustments*</font></p> </td> <td colspan="2" valign="bottom" style="width:12.52%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6) </td> <td colspan="2" valign="bottom" style="width:12.48%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:5.75pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6) </td> </tr> <tr> <td valign="top" style="width:74.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:12.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:74.98%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">End of period</font></p> </td> <td valign="bottom" style="width:05.04%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.48%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>139 </td> <td valign="bottom" style="width:04.92%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;$</font></p> </td> <td valign="bottom" style="width:07.56%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>142 </td> </tr> <tr> <td valign="top" style="width:74.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:05.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.48%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;color:#000000;font-size:8pt;">* Adjustments include changes to prior year estimates, new issues on prior year sales and currency translation adjustments.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:22.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Three Months Ended</font></p> </td> <td colspan="2" valign="bottom" style="width:22.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">Six Months Ended</font></p> </td> </tr> <tr> <td valign="bottom" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;font-size:8pt;">(In thousands)</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;4,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 8.65pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;4,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Basic weighted-average shares outstanding</font></p> </td> <td valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>269,888 </td> <td valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>277,715 </td> <td valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>270,774 </td> <td valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>277,808 </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Dilutive effect of stock options</font></p> </td> <td valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,428 </td> <td valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,220 </td> <td valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,398 </td> <td valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,216 </td> </tr> <tr> <td valign="top" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="top" style="width:56.00%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 10.1pt;line-height:106.67%;text-indent: -10.1pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Diluted weighted-average shares outstanding</font></p> </td> <td valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>271,316 </td> <td valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>279,935 </td> <td valign="bottom" style="width:11.00%;background-color: #E6E6E6;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>272,172 </td> <td valign="bottom" style="width:11.00%;;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:8.65pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>280,024 </td> </tr> <tr> <td valign="top" style="width:56.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:11.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Note 12.&nbsp;&nbsp;Segment Information</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">We operate in, and report financial information for, the following five business segments: Textron Aviation, Bell, Textron Systems,&nbsp;Industrial and Finance. Segment profit is an important measure used for evaluating performance and for decision-making purposes. Segment profit for the manufacturing segments excludes interest expense and certain corporate expenses.&nbsp;&nbsp;The measurement for the Finance segment includes interest income and expense.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Our revenues by segment, along with a reconciliation of segment profit to income from continuing operations before income taxes, are as follows:</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font> </p> <div style="width:100%;"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 99.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:60.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-size:8pt;">&nbsp;</font></p> </td> <td colspan="4" valign="bottom" style="width:20.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Three Months Ended</font></p> </td> <td colspan="4" valign="bottom" style="width:19.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;text-align:center;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;color:#000000;font-size:8pt;">Six Months Ended</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-style:italic;color:#000000;font-size:8pt;">(In millions)</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;4,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;2,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2016</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;font-family:Times New Roman,Times,serif;font-size: 8pt;"> <font style="display:inline;font-weight:bold;font-size:8pt;">July&nbsp;4,</font><br /><font style="display:inline;font-weight:bold;font-size:8pt;">2015</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Revenues</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.98%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Textron Aviation</font></p> </td> <td valign="bottom" style="width:03.30%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,196 </td> <td valign="bottom" style="width:03.08%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.94%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,124 </td> <td valign="bottom" style="width:03.08%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.92%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,287 </td> <td valign="bottom" style="width:02.94%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:07.04%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,175 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.30%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.94%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.92%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.94%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Bell</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>804 </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>850 </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,618 </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,663 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Textron Systems</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>487 </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>322 </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>811 </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>637 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Industrial</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,004 </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>927 </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,956 </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,799 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Finance </font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20 </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>24 </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>40 </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>46 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Total revenues</font></p> </td> <td valign="bottom" style="width:03.30%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,511 </td> <td valign="bottom" style="width:03.08%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.94%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,247 </td> <td valign="bottom" style="width:03.08%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.92%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,712 </td> <td valign="bottom" style="width:02.94%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:07.04%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>6,320 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Segment Profit</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> <td colspan="2" valign="bottom" style="width:09.98%;padding:0pt;"> <p style="margin:0pt 7.2pt 0pt 0pt;line-height:106.67%;text-align:right;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> &nbsp;</p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Textron Aviation </font></p> </td> <td valign="bottom" style="width:03.30%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>81 </td> <td valign="bottom" style="width:03.08%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.94%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>88 </td> <td valign="bottom" style="width:03.08%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.92%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>154 </td> <td valign="bottom" style="width:02.94%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:07.04%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>155 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.30%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.94%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.92%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.94%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.04%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Bell</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>81 </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>101 </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>163 </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>177 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Textron Systems</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>60 </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21 </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>89 </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>49 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Industrial</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>99 </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>86 </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>190 </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>168 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;"> &nbsp;Finance</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>7 </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>10 </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>12 </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>16 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Segment profit</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>328 </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>306 </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>608 </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>565 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Corporate expenses and other, net</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(31) </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(33) </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(63) </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(75) </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Interest expense, net for Manufacturing group</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(37) </td> <td colspan="2" valign="bottom" style="width:10.02%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(32) </td> <td colspan="2" valign="bottom" style="width:10.00%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(70) </td> <td colspan="2" valign="bottom" style="width:09.98%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:4.3pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(65) </td> </tr> <tr> <td valign="bottom" style="width:60.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:10.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td colspan="2" valign="bottom" style="width:09.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> <tr> <td valign="bottom" style="width:60.00%;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">Income from continuing operations before income taxes</font></p> </td> <td valign="bottom" style="width:03.30%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.70%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>260 </td> <td valign="bottom" style="width:03.08%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.94%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>241 </td> <td valign="bottom" style="width:03.08%;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:06.92%;background-color: #E6E6E6;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>475 </td> <td valign="bottom" style="width:02.94%;padding:0pt;"> <p style="margin:0pt 0pt 0pt 7.2pt;line-height:106.67%;color:#000000;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">$</font></p> </td> <td valign="bottom" style="width:07.04%;;color:#000000;font-family:Times New Roman,Times,serif;font-size:10pt;padding-right:7.2pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>425 </td> </tr> <tr> <td valign="bottom" style="width:60.00%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:03.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:06.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #E6E6E6;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:02.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> <td valign="bottom" style="width:07.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;padding:0pt;"> <p style="margin:0pt;line-height:106.67%;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;">&nbsp;</font></p> </td> </tr> </table></div> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 666000000 329000000 626000000 318000000 4964000000 5186000000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;color:#000000;">Note 13.&nbsp;&nbsp;Subsequent Events</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">On July&nbsp;11, 2016, the Internal Revenue Service Office of Appeals approved a final settlement for our 1998 to 2008 tax years. As a result, in the third quarter of 2016 we expect to record an income tax benefit of approximately $175 million, exclusive of interest, of which $110 million is attributable to continuing operations and $65 million is attributable to discontinued operations.&nbsp; In addition, we expect to record a favorable income tax benefit in the third quarter of 2016 upon the reversal of accrued interest of approximately $140 million, of which approximately $90 million is attributable to continuing operations.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 559000000 774000000 135000000 188000000 <div> <div style="margin-left:0%;margin-right:0%;"></div><div style="margin-left:0%;margin-right:0%;"> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;">Use of Estimates</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">We prepare our financial statements in conformity with generally accepted accounting principles, which require us to make estimates and assumptions that affect the amounts reported in the financial statements.&nbsp;&nbsp;Actual results could differ from those estimates.&nbsp;&nbsp;Our estimates and assumptions are reviewed periodically, and the effects of changes, if any, are reflected in the Consolidated Statements of Operations in the period that they are determined.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">During 2016 and 2015, we changed our estimates of revenues and costs on certain long-term contracts that are accounted for under the percentage-of-completion method of accounting.&nbsp;&nbsp;These changes in estimates increased income from continuing operations before income taxes in the second quarter of 2016 and 2015 by $10 million and $36 million, respectively, ($6 million and $23 million after tax, or $0.02 and $0.08 per diluted share, respectively). For the second quarter of 2016 and 2015, the gross favorable program profit adjustments totaled $19 million and $40 million, respectively, and the gross unfavorable program profit adjustments totaled $9 million and $4 million, respectively.</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">&nbsp;</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;color:#000000;">The changes in estimates increased income from continuing operations before income taxes in the first half of 2016 and 2015 by $39 million and $54 million, respectively, ($25 million and $34 million after tax, or $0.09 and $0.12 per diluted share, respectively).&nbsp;&nbsp;For the first half of 2016 and 2015, the gross favorable program profit adjustments totaled $53 million and $73 million, respectively, and the gross unfavorable program profit adjustments totaled $14 million and $19 million, respectively.</font> </p></div><div style="margin-left:0%;margin-right:0%;"> <p><font size="1"> </font></p></div><div style="margin-left:0%;margin-right:0%;"></div> </div> 280024000 279935000 272172000 271316000 277808000 277715000 270774000 269888000 EX-101.SCH 9 txt-20160702.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 00100 - 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Document and Entity Information - shares
6 Months Ended
Jul. 02, 2016
Jul. 15, 2016
Document and Entity Information    
Entity Registrant Name TEXTRON INC  
Entity Central Index Key 0000217346  
Document Type 10-Q  
Document Period End Date Jul. 02, 2016  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Entity Current Reporting Status Yes  
Entity Filer Category Large Accelerated Filer  
Entity Common Stock, Shares Outstanding   269,463,621
Document Fiscal Year Focus 2016  
Document Fiscal Period Focus Q2  
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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Jul. 02, 2016
Jul. 04, 2015
Revenues        
Manufacturing revenues $ 3,491 $ 3,223 $ 6,672 $ 6,274
Finance revenues 20 24 40 46
Total revenues 3,511 3,247 6,712 6,320
Costs and expenses        
Cost of sales 2,889 2,635 5,524 5,144
Selling and administrative expense 318 329 626 666
Interest expense 44 42 87 85
Total costs and expenses 3,251 3,006 6,237 5,895
Income from continuing operations before income taxes 260 241 475 425
Income tax expense 82 72 146 128
Income from continuing operations 178 169 329 297
Loss from discontinued operations, net of income taxes (1) (2) (2) (2)
Net income $ 177 $ 167 $ 327 $ 295
Basic earnings per share        
Continuing operations (in dollars per share) $ 0.66 $ 0.61 $ 1.21 $ 1.07
Discontinued operations (in dollars per share)   (0.01)   (0.01)
Basic earnings per share (in dollars per share) 0.66 0.60 1.21 1.06
Diluted earnings per share        
Continuing operations (in dollars per share) 0.66 0.60 1.21 1.06
Discontinued operations (in dollars per share) (0.01)   (0.01) (0.01)
Diluted earnings per share (in dollars per share) 0.65 0.60 1.20 1.05
Dividends per share        
Common stock (in dollars per share) $ 0.02 $ 0.02 $ 0.04 $ 0.04
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Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Jul. 02, 2016
Jul. 04, 2015
Consolidated Statements of Comprehensive Income        
Net income $ 177 $ 167 $ 327 $ 295
Other comprehensive income (loss), net of tax:        
Pension and postretirement benefits adjustments, net of reclassifications 15 87 36 111
Deferred gains (losses) on hedge contracts, net of reclassifications 4 4 25 (8)
Foreign currency translation adjustments (20) 10 4 (46)
Other comprehensive income (loss) (1) 101 65 57
Comprehensive income $ 176 $ 268 $ 392 $ 352
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Consolidated Balance Sheets - USD ($)
shares in Thousands, $ in Millions
Jul. 02, 2016
Jan. 02, 2016
Assets    
Cash and equivalents $ 743 $ 1,005
Inventories 4,595 4,144
Finance receivables, net 985 1,087
Total assets 15,034 14,708
Liabilities    
Total liabilities 9,848 9,744
Shareholders' equity    
Common stock 36 36
Capital surplus 1,643 1,587
Treasury stock (774) (559)
Retained earnings 5,614 5,298
Accumulated other comprehensive loss (1,333) (1,398)
Total shareholders' equity 5,186 4,964
Total liabilities and shareholders' equity $ 15,034 $ 14,708
Common shares outstanding 269,344 274,228
Manufacturing group    
Assets    
Cash and equivalents $ 661 $ 946
Accounts receivable, net 1,144 1,047
Inventories 4,595 4,144
Other current assets 370 341
Total current assets 6,770 6,478
Property, plant and equipment, less accumulated depreciation and amortization of $4,082 and $3,915 2,582 2,492
Goodwill 2,118 2,023
Other assets 2,339 2,399
Total assets 13,809 13,392
Liabilities    
Short-term debt and current portion of long-term debt 278 262
Accounts payable 1,218 1,063
Accrued liabilities 2,202 2,467
Total current liabilities 3,698 3,792
Other liabilities 2,293 2,376
Long-term debt 2,785 2,435
Total liabilities 8,776 8,603
Finance group    
Assets    
Cash and equivalents 82 59
Finance receivables, net 985 1,087
Other assets 158 170
Total assets 1,225 1,316
Liabilities    
Other liabilities 223 228
Debt 849 913
Total liabilities $ 1,072 $ 1,141
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Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Millions
Jul. 02, 2016
Jan. 02, 2016
Consolidated Balance Sheets    
Accumulated depreciation and amortization $ 4,082 $ 3,915
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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Cash flows from operating activities    
Net income $ 327 $ 295
Less: Loss from discontinued operations (2) (2)
Income from continuing operations 329 297
Non-cash items:    
Depreciation and amortization 223 220
Deferred income taxes 32 (15)
Other, net 51 53
Changes in assets and liabilities:    
Accounts receivable, net (80) (144)
Inventories (454) (516)
Other assets 28 (24)
Accounts payable 147 123
Accrued and other liabilities (377) 27
Income taxes, net 12 93
Pension, net 14 40
Captive finance receivables, net 48 53
Other operating activities, net (3) (2)
Net cash provided by (used in) operating activities of continuing operations (30) 205
Net cash used in operating activities of discontinued operations (1) (3)
Net cash provided by (used in) operating activities (31) 202
Cash flows from investing activities    
Capital expenditures (207) (173)
Net cash used in acquisitions (179) (34)
Finance receivables repaid 36 46
Other investing activities, net 52 26
Net cash provided by (used in) investing activities (298) (135)
Cash flows from financing activities    
Proceeds from long-term debt 362 9
Increase in short-term debt 12 105
Principal payments on long-term debt and nonrecourse debt (90) (130)
Purchases of Textron common stock (215) (87)
Dividends paid (11) (11)
Other financing activities, net 10 21
Net cash provided by (used in) financing activities 68 (93)
Effect of exchange rate changes on cash and equivalents (1) (4)
Net increase (decrease) in cash and equivalents (262) (30)
Cash and equivalents at beginning of period 1,005 822
Cash and equivalents at end of period 743 792
Manufacturing group    
Cash flows from operating activities    
Net income 320 285
Less: Loss from discontinued operations (2) (2)
Income from continuing operations 322 287
Non-cash items:    
Depreciation and amortization 217 215
Deferred income taxes 37 (6)
Other, net 51 51
Changes in assets and liabilities:    
Accounts receivable, net (80) (144)
Inventories (441) (525)
Other assets 29 (34)
Accounts payable 147 123
Accrued and other liabilities (373) 33
Income taxes, net 10 78
Pension, net 14 40
Dividends received from Finance Group 29  
Other operating activities, net (3) (2)
Net cash provided by (used in) operating activities of continuing operations (41) 116
Net cash used in operating activities of discontinued operations (1) (3)
Net cash provided by (used in) operating activities (42) 113
Cash flows from investing activities    
Capital expenditures (207) (173)
Net cash used in acquisitions (179) (34)
Other investing activities, net 3  
Net cash provided by (used in) investing activities (383) (207)
Cash flows from financing activities    
Proceeds from long-term debt 345  
Increase in short-term debt 12 105
Purchases of Textron common stock (215) (87)
Dividends paid (11) (11)
Other financing activities, net 10 21
Net cash provided by (used in) financing activities 141 28
Effect of exchange rate changes on cash and equivalents (1) (4)
Net increase (decrease) in cash and equivalents (285) (70)
Cash and equivalents at beginning of period 946 731
Cash and equivalents at end of period 661 661
Finance group    
Cash flows from operating activities    
Net income 7 10
Income from continuing operations 7 10
Non-cash items:    
Depreciation and amortization 6 5
Deferred income taxes (5) (9)
Other, net   2
Changes in assets and liabilities:    
Other assets (1) 10
Accrued and other liabilities (4) (6)
Income taxes, net 2 15
Net cash provided by (used in) operating activities of continuing operations 5 27
Net cash provided by (used in) operating activities 5 27
Cash flows from investing activities    
Finance receivables repaid 170 181
Finance receivables originated (86) (82)
Other investing activities, net 36 35
Net cash provided by (used in) investing activities 120 134
Cash flows from financing activities    
Proceeds from long-term debt 17 9
Principal payments on long-term debt and nonrecourse debt (90) (130)
Dividends paid (29)  
Net cash provided by (used in) financing activities (102) (121)
Net increase (decrease) in cash and equivalents 23 40
Cash and equivalents at beginning of period 59 91
Cash and equivalents at end of period $ 82 $ 131
XML 20 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Basis of Presentation
6 Months Ended
Jul. 02, 2016
Basis of Presentation  
Basis of Presentation

Note 1.  Basis of Presentation

 

Our Consolidated Financial Statements include the accounts of Textron Inc. (Textron) and its majority-owned subsidiaries.  We have prepared these unaudited consolidated financial statements in accordance with accounting principles generally accepted in the U.S. for interim financial information.  Accordingly, these interim financial statements do not include all of the information and footnotes required by accounting principles generally accepted in the U.S. for complete financial statements.  The consolidated interim financial statements included in this quarterly report should be read in conjunction with the consolidated financial statements included in our Annual Report on Form 10-K for the year ended January 2, 2016.  In the opinion of management, the interim financial statements reflect all adjustments (consisting only of normal recurring adjustments) that are necessary for the fair presentation of our consolidated financial position, results of operations and cash flows for the interim periods presented.  The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year.

 

Our financings are conducted through two separate borrowing groups.  The Manufacturing group consists of Textron consolidated with its majority-owned subsidiaries that operate in the Textron Aviation, Bell, Textron Systems and Industrial segments. The Finance group, which also is the Finance segment, consists of Textron Financial Corporation and its consolidated subsidiaries. We designed this framework to enhance our borrowing power by separating the Finance group. Our Manufacturing group operations include the development, production and delivery of tangible goods and services, while our Finance group provides financial services. Due to the fundamental differences between each borrowing group’s activities, investors, rating agencies and analysts use different measures to evaluate each group’s performance.  To support those evaluations, we present balance sheet and cash flow information for each borrowing group within the Consolidated Financial Statements.  All significant intercompany transactions are eliminated from the Consolidated Financial Statements, including retail financing activities for inventory sold by our Manufacturing group and financed by our Finance group.

 

Use of Estimates

We prepare our financial statements in conformity with generally accepted accounting principles, which require us to make estimates and assumptions that affect the amounts reported in the financial statements.  Actual results could differ from those estimates.  Our estimates and assumptions are reviewed periodically, and the effects of changes, if any, are reflected in the Consolidated Statements of Operations in the period that they are determined.

 

During 2016 and 2015, we changed our estimates of revenues and costs on certain long-term contracts that are accounted for under the percentage-of-completion method of accounting.  These changes in estimates increased income from continuing operations before income taxes in the second quarter of 2016 and 2015 by $10 million and $36 million, respectively, ($6 million and $23 million after tax, or $0.02 and $0.08 per diluted share, respectively). For the second quarter of 2016 and 2015, the gross favorable program profit adjustments totaled $19 million and $40 million, respectively, and the gross unfavorable program profit adjustments totaled $9 million and $4 million, respectively.

 

The changes in estimates increased income from continuing operations before income taxes in the first half of 2016 and 2015 by $39 million and $54 million, respectively, ($25 million and $34 million after tax, or $0.09 and $0.12 per diluted share, respectively).  For the first half of 2016 and 2015, the gross favorable program profit adjustments totaled $53 million and $73 million, respectively, and the gross unfavorable program profit adjustments totaled $14 million and $19 million, respectively.

 

New Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, that outlines a comprehensive five-step revenue recognition model based on the principle that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. In July 2015, the FASB approved a one-year deferral of the effective date of the standard to the beginning of 2018 for public companies, with an option that would permit companies to adopt the standard as early as the original effective date of 2017.  The new standard may be adopted either retrospectively or on a modified retrospective basis whereby it would be applied to new contracts and existing contracts with remaining performance obligations as of the effective date, with a cumulative catch-up adjustment recorded to beginning retained earnings at the effective date for those contracts.  We are currently evaluating the impacts of adoption on our consolidated financial position, results of operations and related disclosures, along with the implementation approach to be used.

 

In February 2016, the FASB issued ASU No. 2016-02, Leases, that requires all leases with a term greater than 12 months be recognized on the balance sheet, while lease expenses would continue to be recognized in the statement of operations in a manner similar to current accounting guidance.  The new standard is effective for our company at the beginning of fiscal 2019 and early adoption is permitted.  Entities must adopt the standard on a modified retrospective basis whereby it would be applied at the beginning of the earliest comparative year.  We are currently evaluating the impact of adoption on our consolidated financial statements.

 

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses. For most financial assets, such as trade and other receivables, loans and other instruments, this standard changes the current incurred loss model to a forward-looking expected credit loss model, which generally will result in the earlier recognition of allowances for losses.  The new standard is effective for our company at the beginning of fiscal 2020 with early adoption permitted beginning in fiscal 2019.  Entities are required to apply the provisions of the standard through a cumulative-effect adjustment to retained earnings as of the effective date.  We are currently evaluating the impact of adoption on our consolidated financial statements.

XML 21 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Business Acquisitions
6 Months Ended
Jul. 02, 2016
Business Acquisitions  
Business Acquisitions

Note 2.  Business Acquisitions

 

In the first half of 2016, we paid $179 million in cash and assumed debt of $19 million to acquire five businesses, net of cash acquired and holdbacks.  Our acquisition of Able Engineering and Component Services, Inc. and Able Aerospace, Inc. (Able) in the first quarter represented the largest of these businesses and is included in the Textron Aviation segment.  Able is an industry-leading repair and overhaul business that provides component repairs, component exchanges and replacement parts, among other support and service offerings for commercial rotorcraft and fixed-wing aircraft customers around the world.  We are in the process of allocating the purchase price and valuing the acquired assets and liabilities for these acquisitions.  Based on the preliminary allocation of the aggregate purchase price for these acquisitions, $95 million has been allocated to goodwill, related to expected synergies and the value of the existing workforce, and $63 million to intangible assets.  Of the recorded goodwill, approximately $37 million is deductible for tax purposes.  The intangible assets are primarily related to customer relationships and technologies, which will be amortized over 10 to 18 years.  The operating results of these acquisitions have been included in the Consolidated Statements of Operations since their respective closing dates.

XML 22 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
Retirement Plans
6 Months Ended
Jul. 02, 2016
Retirement Plans  
Retirement Plans

Note 3.  Retirement Plans

 

We provide defined benefit pension plans and other postretirement benefits to eligible employees.  The components of net periodic benefit cost (credit) for these plans are as follows:

                                                                                                                                                                                          

 

Three Months Ended

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

July 2,
2016

July 4,
2015

Pension Benefits

 

 

 

 

Service cost

   $

25

   $

29

   $

49

   $

59

Interest cost

85
82
170
163

Expected return on plan assets

(122)
(121)
(245)
(242)

Amortization of net actuarial loss

26
39
52
78

Amortization of prior service cost

3
4
7
8

Curtailment and other charges

6

6

 

 

 

 

 

Net periodic benefit cost

   $

17

   $

39

   $

33

   $

72

 

 

 

 

 

 

 

 

 

Postretirement Benefits Other Than Pensions

 

 

 

 

 

 

 

 

 

Service cost

   $

   $

1

   $

1

   $

2

Interest cost

4
4
8
8

Amortization of prior service credit

(5)
(6)
(11)
(12)

 

 

 

 

 

Net periodic benefit credit

   $

(1)

   $

(1)

   $

(2)

   $

(2)

 

 

 

 

 

 

 

 

 

 

In April 2015, our Bell segment announced cost reduction actions that resulted in a headcount reduction of approximately 12% of the Bell workforce.  We determined that a curtailment had occurred in Bell’s pension plan as a result of this reduction, which triggered a remeasurement of the projected benefit obligation. We remeasured Bell’s pension plan incorporating a 50 basis-point increase in the discount rate to 4.75%, while other assumptions remained consistent with year-end.  The remeasurement reduced our unrealized losses by approximately $98 million which was recorded in other comprehensive income in the second quarter of 2015.

XML 23 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings Per Share
6 Months Ended
Jul. 02, 2016
Earnings Per Share  
Earnings Per Share

Note 4.  Earnings Per Share

 

We calculate basic and diluted earnings per share (EPS) based on net income, which approximates income available to common shareholders for each period. Basic EPS is calculated using the two-class method, which includes the weighted-average number of common shares outstanding during the period and restricted stock units to be paid in stock that are deemed participating securities as they provide nonforfeitable rights to dividends. Diluted EPS considers the dilutive effect of all potential future common stock, including stock options.

 

The weighted-average shares outstanding for basic and diluted EPS are as follows:

                                                                                                                                                                                          

 

Three Months Ended

Six Months Ended

(In thousands)

July 2,
2016

July 4,
2015

July 2,
2016

July 4,
2015

Basic weighted-average shares outstanding

269,888
277,715
270,774
277,808

Dilutive effect of stock options

1,428
2,220
1,398
2,216

 

 

 

 

 

Diluted weighted-average shares outstanding

271,316
279,935
272,172
280,024

 

 

 

 

 

 

Stock options to purchase 5 million shares of common stock are excluded from the calculation of diluted weighted average shares outstanding for both the three and six months ended July 2, 2016, as their effect would have been anti-dilutive.  Stock options to purchase 2 million and 1 million shares of common stock are excluded from the calculation of diluted weighted average shares outstanding for the three and six months ended July 4, 2015, respectively, as their effect would have been anti-dilutive.

XML 24 R11.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accounts Receivable and Finance Receivables
6 Months Ended
Jul. 02, 2016
Accounts Receivable and Finance Receivables  
Accounts Receivable and Finance Receivables

Note 5.  Accounts Receivable and Finance Receivables

 

Accounts Receivable

Accounts receivable is composed of the following:

                                                                                                                                                                                          

(In millions)

July 2,
2016

January 2,
2016

Commercial

   $

902

   $

841

U.S. Government contracts

274
239

 

 

 

 

1,176
1,080

Allowance for doubtful accounts

(32)
(33)

 

 

 

Total

   $

1,144

   $

1,047

 

 

 

 

 

 

We have unbillable receivables, primarily on U.S. Government contracts, that arise when the revenues we have appropriately recognized based on performance cannot be billed yet under terms of the contract.  Unbillable receivables within accounts receivable totaled $188 million at July 2, 2016 and $135 million at January 2, 2016.

 

Finance Receivables

Finance receivables are presented in the following table:

                                                                                                                                                                                          

(In millions)

July 2,
2016

January 2,
2016

Finance receivables*

   $

1,027

   $

1,135

Allowance for losses

(42)
(48)

 

 

 

Total finance receivables, net

   $

985

   $

1,087

 

 

 

 

 

* Includes finance receivables held for sale of $30 million at both July 2, 2016 and January 2, 2016.

 

Credit Quality Indicators and Nonaccrual Finance Receivables

We internally assess the quality of our finance receivables based on a number of key credit quality indicators and statistics such as delinquency, loan balance to estimated collateral value and the financial strength of individual borrowers and guarantors. Because many of these indicators are difficult to apply across an entire class of receivables, we evaluate individual loans on a quarterly basis and classify these loans into three categories based on the key credit quality indicators for the individual loan. These three categories are performing, watchlist and nonaccrual.

 

We classify finance receivables as nonaccrual if credit quality indicators suggest full collection of principal and interest is doubtful, we automatically classify accounts as nonaccrual once they are contractually delinquent by more than three months unless collection of principal and interest is not doubtful.  Accrual of interest income is suspended for these accounts and all cash collections are generally applied to reduce the net investment balance. Once we conclude that the collection of all principal and interest is no longer doubtful, we resume the accrual of interest and recognize previously suspended interest income at the time either a) the loan becomes contractually current through payment according to the original terms of the loan, or b) if the loan has been modified, following a period of performance under the terms of the modification.  Accounts are classified as watchlist when credit quality indicators have deteriorated as compared with typical underwriting criteria, and we believe collection of full principal and interest is probable but not certain.  All other finance receivables that do not meet the watchlist or nonaccrual categories are classified as performing.

 

Delinquency

We measure delinquency based on the contractual payment terms of our finance receivables.  In determining the delinquency aging category of an account, any/all principal and interest received is applied to the most past-due principal and/or interest amounts due. If a significant portion of the contractually due payment is delinquent, the entire finance receivable balance is reported in accordance with the most past-due delinquency aging category.

 

Finance receivables categorized based on the credit quality indicators and by the delinquency aging category are summarized as follows:

                                                                                                                                                                                          

(In millions)

July 2,
2016

January 2,
2016

Performing

   $

792

   $

891

Watchlist

106
130

Nonaccrual

99
84

 

 

 

Nonaccrual as a percentage of finance receivables

9.93%
7.60%

 

 

 

Less than 31 days past due

   $

889

   $

950

31-60 days past due

51
86

61-90 days past due

23
42

Over 90 days past due

34
27

 

 

 

60 + days contractual delinquency as a percentage of finance receivables

5.72%
6.24%

 

 

 

 

Impaired Loans

On a quarterly basis, we evaluate individual finance receivables for impairment in non-homogeneous portfolios and larger balance accounts in homogeneous loan portfolios.  A finance receivable is considered impaired when it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement based on our review of the credit quality indicators described above.  Impaired finance receivables include both nonaccrual accounts and accounts for which full collection of principal and interest remains probable, but the account’s original terms have been, or are expected to be, significantly modified.  If the modification specifies an interest rate equal to or greater than a market rate for a finance receivable with comparable risk, the account is not considered impaired in years subsequent to the modification.  Interest income recognized on impaired loans was not significant in the first half of 2016 or 2015.

 

A summary of impaired finance receivables, excluding leveraged leases, and the average recorded investment is provided below:

                                                                                                                                                                                          

(In millions)

July 2,
2016

January 2,
2016

Recorded investment:

 

 

Impaired loans with related allowance for losses

   $

62

   $

62

Impaired loans with no related allowance for losses

40
42

 

 

 

Total

   $

102

   $

104

 

 

 

 

 

Unpaid principal balance

   $

106

   $

113

Allowance for losses on impaired loans

11
17

Average recorded investment

95
102

 

 

 

 

A summary of the allowance for losses on finance receivables, based on how the underlying finance receivables are evaluated for impairment, is provided below.  The finance receivables reported in this table specifically exclude leveraged leases in accordance with U.S. generally accepted accounting principles.

                                                                                                                                                                                          

(In millions)

July 2,
2016

January 2,
2016

Allowance based on collective evaluation

   $

31

   $

31

Allowance based on individual evaluation

11
17

 

 

 

Finance receivables evaluated collectively

   $

797

   $

883

Finance receivables evaluated individually

102
104

 

 

 

 

Allowance for Losses

We maintain an allowance for losses on finance receivables at a level considered adequate to cover inherent losses in the portfolio based on management’s evaluation.  For larger balance accounts specifically identified as impaired, a reserve is established based on comparing the expected future cash flows, discounted at the finance receivable’s effective interest rate, or the fair value of the underlying collateral if the finance receivable is collateral dependent, to its carrying amount.  The expected future cash flows consider collateral value; financial performance and liquidity of our borrower; existence and financial strength of guarantors; estimated recovery costs, including legal expenses; and costs associated with the repossession and eventual disposal of collateral.  When there is a range of potential outcomes, we perform multiple discounted cash flow analyses and weight the potential outcomes based on their relative likelihood of occurrence.  The evaluation of our portfolio is inherently subjective, as it requires estimates, including the amount and timing of future cash flows expected to be received on impaired finance receivables and the estimated fair value of the underlying collateral, which may differ from actual results.  While our analysis is specific to each individual account, critical factors included in this analysis include industry valuation guides, age and physical condition of the collateral, payment history and existence and financial strength of guarantors.

 

We also establish an allowance for losses to cover probable but specifically unknown losses existing in the portfolio.  This allowance is established as a percentage of non-recourse finance receivables, which have not been identified as requiring specific reserves.  The percentage is based on a combination of factors, including historical loss experience, current delinquency and default trends, collateral values and both general economic and specific industry trends.  Finance receivables are charged off at the earlier of the date the collateral is repossessed or when no payment has been received for six months, unless management deems the receivable collectible.

 

A rollforward of the allowance for losses on finance receivables is provided below:

 

                                                                                                                                                                                          

 

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

Beginning of period

   $

48

   $

51

Provision for losses

(1)
(1)

Charge-offs

(10)
(2)

Recoveries

5
6

 

 

 

End of period

   $

42

   $

54

 

 

 

 

 

 

XML 25 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
Inventories
6 Months Ended
Jul. 02, 2016
Inventories  
Inventories

Note 6.  Inventories

 

Inventories are composed of the following:

                                                                                                                                                                                          

(In millions)

July 2,
2016

January 2,
2016

Finished goods

   $

1,967

   $

1,735

Work in process

2,932
2,921

Raw materials and components

659
605

 

 

 

 

5,558
5,261

Progress/milestone payments

(963)
(1,117)

 

 

 

Total

   $

4,595

   $

4,144

 

 

 

 

 

 

XML 26 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2
Warranty Liability
6 Months Ended
Jul. 02, 2016
Warranty Liability  
Warranty Liability

Note 7.  Warranty Liability

 

Changes in our warranty liability are as follows:

                                                                                                                                                                                          

 

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

Beginning of period

   $

143

   $

148

Provision

37
33

Settlements

(37)
(37)

Acquisitions

2
4

Adjustments*

(6)
(6)

 

 

 

End of period

   $

139

   $

142

 

 

 

 

 

* Adjustments include changes to prior year estimates, new issues on prior year sales and currency translation adjustments.

XML 27 R14.htm IDEA: XBRL DOCUMENT v3.5.0.2
Debt
6 Months Ended
Jul. 02, 2016
Debt  
Debt

Note 8.  Debt

 

Under our shelf registration statement, on March 11, 2016, we issued $350 million of fixed-rate notes due March 15, 2026 that bear an annual interest rate of 4.0%.  The net proceeds of the issuance totaled $345 million, after deducting underwriting discounts, commissions and offering expenses.

XML 28 R15.htm IDEA: XBRL DOCUMENT v3.5.0.2
Derivative Instruments and Fair Value Measurements
6 Months Ended
Jul. 02, 2016
Derivative Instruments and Fair Value Measurements  
Derivative Instruments and Fair Value Measurements

Note 9.  Derivative Instruments and Fair Value Measurements

 

We measure fair value at the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  We prioritize the assumptions that market participants would use in pricing the asset or liability into a three-tier fair value hierarchy.  This fair value hierarchy gives the highest priority (Level 1) to quoted prices in active markets for identical assets or liabilities and the lowest priority (Level 3) to unobservable inputs in which little or no market data exist, requiring companies to develop their own assumptions.  Observable inputs that do not meet the criteria of Level 1, which include quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets and liabilities in markets that are not active, are categorized as Level 2. Level 3 inputs are those that reflect our estimates about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances.  Valuation techniques for assets and liabilities measured using Level 3 inputs may include methodologies such as the market approach, the income approach or the cost approach and may use unobservable inputs such as projections, estimates and management’s interpretation of current market data.  These unobservable inputs are utilized only to the extent that observable inputs are not available or cost effective to obtain.

 

Assets and Liabilities Recorded at Fair Value on a Recurring Basis

We manufacture and sell our products in a number of countries throughout the world, and, therefore, we are exposed to movements in foreign currency exchange rates. We primarily utilize foreign currency exchange contracts  with maturities of no more than three years to manage this volatility. These contracts qualify as cash flow hedges and are intended to offset the effect of exchange rate fluctuations on forecasted sales, inventory purchases and overhead expenses.  Net gains and losses recognized in earnings and Accumulated other comprehensive loss on cash flow hedges, including gains and losses related to hedge ineffectiveness, were not significant in the periods presented.

 

Our foreign currency exchange contracts are measured at fair value using the market method valuation technique.  The inputs to this technique utilize current foreign currency exchange forward market rates published by third-party leading financial news and data providers.  These are observable data that represent the rates that the financial institution uses for contracts entered into at that date; however, they are not based on actual transactions so they are classified as Level 2. At July 2, 2016 and January 2, 2016, we had foreign currency exchange contracts with notional amounts upon which the contracts were based of $734 million and $706 million, respectively.  At July 2, 2016, the fair value amounts of our foreign currency exchange contracts were a $7 million asset and an $11 million liability. At January 2, 2016, the fair value amounts of our foreign currency exchange contracts were a $7 million asset and a $28 million liability.

 

We hedge our net investment position in major currencies and generate foreign currency interest payments that offset other transactional exposures in these currencies.  To accomplish this, we borrow directly in foreign currency and designate a portion of foreign currency debt as a hedge of a net investment.  We record changes in the fair value of these contracts in other comprehensive income to the extent they are effective as cash flow hedges.  Currency effects on the effective portion of these hedges, which are reflected in the foreign currency translation adjustments within Accumulated other comprehensive loss, were not significant in the periods presented.

 

Assets Recorded at Fair Value on a Nonrecurring Basis

During the periods ended July 2, 2016 and January 2, 2016, the Finance group’s impaired nonaccrual finance receivables of $51 million and $45 million, respectively, were measured at fair value on a nonrecurring basis using significant unobservable inputs (Level 3).  Impaired nonaccrual finance receivables represent assets recorded at fair value on a nonrecurring basis since the measurement of required reserves on our impaired finance receivables is significantly dependent on the fair value of the underlying collateral.  For impaired nonaccrual finance receivables secured by aviation assets, the fair values of collateral are determined primarily based on the use of industry pricing guides.  Fair value measurements recorded on impaired finance receivables were not significant for both the three and six months ended July 2, 2016 and July 4, 2015.

 

Assets and Liabilities Not Recorded at Fair Value

The carrying value and estimated fair value of our financial instruments that are not reflected in the financial statements at fair value are as follows:

                                                                                                                                                                                          

 

July 2, 2016

January 2, 2016

(In millions)

Carrying
Value

Estimated

Fair Value

Carrying
Value

Estimated

Fair Value

Manufacturing group

 

 

 

 

 

 

 

 

 

Long-term debt, excluding leases

   $

(2,958)

   $

(3,169)

   $

(2,628)

   $

(2,744)

Finance group

 

 

 

 

Finance receivables, excluding leases

777
770
863
820

 

 

 

 

 

Debt

(849)
(750)
(913)
(840)

 

 

 

 

 

 

Fair value for the Manufacturing group debt is determined using market observable data for similar transactions (Level 2).  At both July 2, 2016 and January 2, 2016, approximately 75% of the fair value of term debt for the Finance group was determined based on discounted cash flow analyses using observable market inputs from debt with similar duration, subordination and credit default expectations (Level 2).  Fair value estimates for finance receivables were determined based on internally developed discounted cash flow models primarily utilizing significant unobservable inputs (Level 3), which include estimates of the rate of return, financing cost, capital structure and/or discount rate expectations of current market participants combined with estimated loan cash flows based on credit losses, payment rates and expectations of borrowers’ ability to make payments on a timely basis.

XML 29 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accumulated Other Comprehensive Loss and Other Comprehensive Income (Loss)
6 Months Ended
Jul. 02, 2016
Accumulated Other Comprehensive Loss and Other Comprehensive Income (Loss)  
Accumulated Other Comprehensive Loss and Other Comprehensive Income (Loss)

Note 10.  Accumulated Other Comprehensive Loss and Other Comprehensive Income (Loss)

 

The components of Accumulated Other Comprehensive Loss are presented below:

                                                                                                                                                                                          

(In millions)

Pension and
Postretirement
Benefits
Adjustments

Deferred

Gains (Losses)

on Hedge

Contracts

Foreign
Currency
Translation
Adjustments

Accumulated

Other

Comprehensive

Loss

For the six months ended July 2, 2016

 

 

 

 

Beginning of the period

  $

(1,327)

  $

(24)

  $

(47)

  $

(1,398)

Other comprehensive income before reclassifications

5
14
4
23

Reclassified from Accumulated other comprehensive loss

31
11

42

 

 

 

 

 

Other comprehensive income

36
25
4
65

 

 

 

 

 

End of the period

  $

(1,291)

  $

1

  $

(43)

  $

(1,333)

 

 

 

 

 

 

 

 

 

For the six months ended July 4, 2015

 

 

 

 

 

 

 

 

 

Beginning of the period

  $

(1,511)

  $

(13)

  $

18

  $

(1,506)

Other comprehensive income (loss) before reclassifications

62
(14)
(46)
2

Reclassified from Accumulated other comprehensive loss

49
6

55

 

 

 

 

 

Other comprehensive income (loss)

111
(8)
(46)
57

 

 

 

 

 

End of the period

  $

(1,400)

  $

(21)

  $

(28)

  $

(1,449)

 

 

 

 

 

 

 

 

 

 

The before and after-tax components of other comprehensive income (loss) are presented below:

                                                                                                                                                                                          

 

July 2, 2016

July 4, 2015

(In millions)

Pre-Tax
Amount

Tax

(Expense)

Benefit

After-Tax

Amount

Pre-Tax
Amount

Tax

(Expense)

Benefit

After-Tax

Amount

Three Months Ended

 

 

 

 

 

 

Pension and postretirement benefits adjustments:

 

 

 

 

 

 

Amortization of net actuarial loss*

    $

26

     $

(10)

     $

16

    $

39

     $

(14)

    $

25

Amortization of prior service credit*

(2)
1
(1)

Unrealized gains

98
(36)
62

 

 

 

 

 

 

 

Pension and postretirement benefits adjustments, net

24
(9)
15
137
(50)
87

 

 

 

 

 

 

 

Deferred gains on hedge contracts:

 

 

 

 

 

 

Current deferrals

(2)

(2)
3
(1)
2

Reclassification adjustments

8
(2)
6
3
(1)
2

 

 

 

 

 

 

 

Deferred gains on hedge contracts, net

6
(2)
4
6
(2)
4

 

 

 

 

 

 

 

Foreign currency translation adjustments

(14)
(6)
(20)
9
1
10

 

 

 

 

 

 

 

Total

    $

16

     $

(17)

     $

(1)

    $

152

     $

(51)

    $

101

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension and postretirement benefits adjustments:

 

 

 

 

 

 

Amortization of net actuarial loss*

    $

52

     $

(19)

     $

33

    $

78

     $

(28)

    $

50

Amortization of prior service credit*

(4)
2
(2)
(2)
1
(1)

Unrealized gains

7
(2)
5
98
(36)
62

 

 

 

 

 

 

 

Pension and postretirement benefits adjustments, net

55
(19)
36
174
(63)
111

 

 

 

 

 

 

 

Deferred gains (losses) on hedge contracts:

 

 

 

 

 

 

Current deferrals

20
(6)
14
(18)
4
(14)

Reclassification adjustments

15
(4)
11
9
(3)
6

 

 

 

 

 

 

 

Deferred gains (losses) on hedge contracts, net

35
(10)
25
(9)
1
(8)

 

 

 

 

 

 

 

Foreign currency translation adjustments

11
(7)
4
(43)
(3)
(46)

 

 

 

 

 

 

 

Total

    $

101

     $

(36)

     $

65

    $

122

     $

(65)

    $

57

 

 

 

 

 

 

 

 

 

 

 

 

 

*These components of other comprehensive income are included in the computation of net periodic pension cost.  See Note 11 of our 2015 Annual Report on Form 10-K for additional information.

XML 30 R17.htm IDEA: XBRL DOCUMENT v3.5.0.2
Commitments and Contingencies
6 Months Ended
Jul. 02, 2016
Commitments and Contingencies  
Commitments and Contingencies

Note 11.  Commitments and Contingencies

 

We are subject to legal proceedings and other claims arising out of the conduct of our business, including proceedings and claims relating to commercial and financial transactions; government contracts; alleged lack of compliance with applicable laws and regulations; production partners; product liability; patent and trademark infringement; employment disputes; and environmental, safety and health matters.  Some of these legal proceedings and claims seek damages, fines or penalties in substantial amounts or remediation of environmental contamination.  As a government contractor, we are subject to audits, reviews and investigations to determine whether our operations are being conducted in accordance with applicable regulatory requirements. Under federal government procurement regulations, certain claims brought by the U.S. Government could result in our suspension or debarment from U.S. Government contracting for a period of time.  On the basis of information presently available, we do not believe that existing proceedings and claims will have a material effect on our financial position or results of operations.

XML 31 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information
6 Months Ended
Jul. 02, 2016
Segment Information  
Segment Information

Note 12.  Segment Information

 

We operate in, and report financial information for, the following five business segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. Segment profit is an important measure used for evaluating performance and for decision-making purposes. Segment profit for the manufacturing segments excludes interest expense and certain corporate expenses.  The measurement for the Finance segment includes interest income and expense.

 

Our revenues by segment, along with a reconciliation of segment profit to income from continuing operations before income taxes, are as follows:

                                                                                                                                                                                          

 

Three Months Ended

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

July 2,
2016

July 4,
2015

Revenues

 

 

 

 

 

 

 

 

 

 Textron Aviation

$

1,196

$

1,124

$

2,287

$

2,175

 

 

 

 

 

 

 

 

 

 Bell

804
850
1,618
1,663

 

 

 

 

 

 Textron Systems

487
322
811
637

 

 

 

 

 

 Industrial

1,004
927
1,956
1,799

 Finance

20
24
40
46

 

 

 

 

 

Total revenues

$

3,511

$

3,247

$

6,712

$

6,320

 

 

 

 

 

 

 

 

 

Segment Profit

 

 

 

 

 

 

 

 

 

 Textron Aviation

$

81

$

88

$

154

$

155

 

 

 

 

 

 

 

 

 

 Bell

81
101
163
177

 

 

 

 

 

 Textron Systems

60
21
89
49

 

 

 

 

 

 Industrial

99
86
190
168

 Finance

7
10
12
16

 

 

 

 

 

Segment profit

328
306
608
565

 

 

 

 

 

Corporate expenses and other, net

(31)
(33)
(63)
(75)

Interest expense, net for Manufacturing group

(37)
(32)
(70)
(65)

 

 

 

 

 

Income from continuing operations before income taxes

$

260

$

241

$

475

$

425

 

 

 

 

 

 

 

 

 

 

XML 32 R19.htm IDEA: XBRL DOCUMENT v3.5.0.2
Subsequent Events
6 Months Ended
Jul. 02, 2016
Subsequent Events  
Subsequent Events

Note 13.  Subsequent Events

 

On July 11, 2016, the Internal Revenue Service Office of Appeals approved a final settlement for our 1998 to 2008 tax years. As a result, in the third quarter of 2016 we expect to record an income tax benefit of approximately $175 million, exclusive of interest, of which $110 million is attributable to continuing operations and $65 million is attributable to discontinued operations.  In addition, we expect to record a favorable income tax benefit in the third quarter of 2016 upon the reversal of accrued interest of approximately $140 million, of which approximately $90 million is attributable to continuing operations.

XML 33 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
Basis of Presentation (Policies)
6 Months Ended
Jul. 02, 2016
Basis of Presentation  
Use of Estimates

Use of Estimates

We prepare our financial statements in conformity with generally accepted accounting principles, which require us to make estimates and assumptions that affect the amounts reported in the financial statements.  Actual results could differ from those estimates.  Our estimates and assumptions are reviewed periodically, and the effects of changes, if any, are reflected in the Consolidated Statements of Operations in the period that they are determined.

 

During 2016 and 2015, we changed our estimates of revenues and costs on certain long-term contracts that are accounted for under the percentage-of-completion method of accounting.  These changes in estimates increased income from continuing operations before income taxes in the second quarter of 2016 and 2015 by $10 million and $36 million, respectively, ($6 million and $23 million after tax, or $0.02 and $0.08 per diluted share, respectively). For the second quarter of 2016 and 2015, the gross favorable program profit adjustments totaled $19 million and $40 million, respectively, and the gross unfavorable program profit adjustments totaled $9 million and $4 million, respectively.

 

The changes in estimates increased income from continuing operations before income taxes in the first half of 2016 and 2015 by $39 million and $54 million, respectively, ($25 million and $34 million after tax, or $0.09 and $0.12 per diluted share, respectively).  For the first half of 2016 and 2015, the gross favorable program profit adjustments totaled $53 million and $73 million, respectively, and the gross unfavorable program profit adjustments totaled $14 million and $19 million, respectively.

New Accounting Pronouncements

New Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers, that outlines a comprehensive five-step revenue recognition model based on the principle that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. In July 2015, the FASB approved a one-year deferral of the effective date of the standard to the beginning of 2018 for public companies, with an option that would permit companies to adopt the standard as early as the original effective date of 2017.  The new standard may be adopted either retrospectively or on a modified retrospective basis whereby it would be applied to new contracts and existing contracts with remaining performance obligations as of the effective date, with a cumulative catch-up adjustment recorded to beginning retained earnings at the effective date for those contracts.  We are currently evaluating the impacts of adoption on our consolidated financial position, results of operations and related disclosures, along with the implementation approach to be used.

 

In February 2016, the FASB issued ASU No. 2016-02, Leases, that requires all leases with a term greater than 12 months be recognized on the balance sheet, while lease expenses would continue to be recognized in the statement of operations in a manner similar to current accounting guidance.  The new standard is effective for our company at the beginning of fiscal 2019 and early adoption is permitted.  Entities must adopt the standard on a modified retrospective basis whereby it would be applied at the beginning of the earliest comparative year.  We are currently evaluating the impact of adoption on our consolidated financial statements.

 

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses. For most financial assets, such as trade and other receivables, loans and other instruments, this standard changes the current incurred loss model to a forward-looking expected credit loss model, which generally will result in the earlier recognition of allowances for losses.  The new standard is effective for our company at the beginning of fiscal 2020 with early adoption permitted beginning in fiscal 2019.  Entities are required to apply the provisions of the standard through a cumulative-effect adjustment to retained earnings as of the effective date.  We are currently evaluating the impact of adoption on our consolidated financial statements.

XML 34 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
Retirement Plans (Tables)
6 Months Ended
Jul. 02, 2016
Retirement Plans  
Components of net periodic benefit cost (credit)

 

                                                                                                                                                                                          

 

Three Months Ended

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

July 2,
2016

July 4,
2015

Pension Benefits

 

 

 

 

Service cost

   $

25

   $

29

   $

49

   $

59

Interest cost

85
82
170
163

Expected return on plan assets

(122)
(121)
(245)
(242)

Amortization of net actuarial loss

26
39
52
78

Amortization of prior service cost

3
4
7
8

Curtailment and other charges

6

6

 

 

 

 

 

Net periodic benefit cost

   $

17

   $

39

   $

33

   $

72

 

 

 

 

 

 

 

 

 

Postretirement Benefits Other Than Pensions

 

 

 

 

 

 

 

 

 

Service cost

   $

   $

1

   $

1

   $

2

Interest cost

4
4
8
8

Amortization of prior service credit

(5)
(6)
(11)
(12)

 

 

 

 

 

Net periodic benefit credit

   $

(1)

   $

(1)

   $

(2)

   $

(2)

 

 

 

 

 

 

 

 

 

 

XML 35 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings Per Share (Tables)
6 Months Ended
Jul. 02, 2016
Earnings Per Share  
Weighted-average shares outstanding for basic and diluted EPS

 

                                                                                                                                                                                          

 

Three Months Ended

Six Months Ended

(In thousands)

July 2,
2016

July 4,
2015

July 2,
2016

July 4,
2015

Basic weighted-average shares outstanding

269,888
277,715
270,774
277,808

Dilutive effect of stock options

1,428
2,220
1,398
2,216

 

 

 

 

 

Diluted weighted-average shares outstanding

271,316
279,935
272,172
280,024

 

 

 

 

 

 

XML 36 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accounts Receivable and Finance Receivables (Tables)
6 Months Ended
Jul. 02, 2016
Accounts Receivable and Finance Receivables  
Accounts receivable

 

                                                                                                                                                                                          

(In millions)

July 2,
2016

January 2,
2016

Commercial

   $

902

   $

841

U.S. Government contracts

274
239

 

 

 

 

1,176
1,080

Allowance for doubtful accounts

(32)
(33)

 

 

 

Total

   $

1,144

   $

1,047

 

 

 

 

 

 

Finance receivables

 

                                                                                                                                                                                          

(In millions)

July 2,
2016

January 2,
2016

Finance receivables*

   $

1,027

   $

1,135

Allowance for losses

(42)
(48)

 

 

 

Total finance receivables, net

   $

985

   $

1,087

 

 

 

 

 

* Includes finance receivables held for sale of $30 million at both July 2, 2016 and January 2, 2016.

Finance receivables by credit quality indicator and by delinquency aging category

 

                                                                                                                                                                                          

(In millions)

July 2,
2016

January 2,
2016

Performing

   $

792

   $

891

Watchlist

106
130

Nonaccrual

99
84

 

 

 

Nonaccrual as a percentage of finance receivables

9.93%
7.60%

 

 

 

Less than 31 days past due

   $

889

   $

950

31-60 days past due

51
86

61-90 days past due

23
42

Over 90 days past due

34
27

 

 

 

60 + days contractual delinquency as a percentage of finance receivables

5.72%
6.24%

 

 

 

 

Summary of impaired finance receivables, excluding leveraged leases, and the average recorded investment

 

                                                                                                                                                                                          

(In millions)

July 2,
2016

January 2,
2016

Recorded investment:

 

 

Impaired loans with related allowance for losses

   $

62

   $

62

Impaired loans with no related allowance for losses

40
42

 

 

 

Total

   $

102

   $

104

 

 

 

 

 

Unpaid principal balance

   $

106

   $

113

Allowance for losses on impaired loans

11
17

Average recorded investment

95
102

 

 

 

 

Allowance for losses on finance receivables on an individual and on a collective basis

 

                                                                                                                                                                                          

(In millions)

July 2,
2016

January 2,
2016

Allowance based on collective evaluation

   $

31

   $

31

Allowance based on individual evaluation

11
17

 

 

 

Finance receivables evaluated collectively

   $

797

   $

883

Finance receivables evaluated individually

102
104

 

 

 

 

Rollforward of the allowance for losses on finance receivables

 

                                                                                                                                                                                          

 

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

Beginning of period

   $

48

   $

51

Provision for losses

(1)
(1)

Charge-offs

(10)
(2)

Recoveries

5
6

 

 

 

End of period

   $

42

   $

54

 

 

 

 

 

 

XML 37 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
Inventories (Tables)
6 Months Ended
Jul. 02, 2016
Inventories  
Inventories

 

                                                                                                                                                                                          

(In millions)

July 2,
2016

January 2,
2016

Finished goods

   $

1,967

   $

1,735

Work in process

2,932
2,921

Raw materials and components

659
605

 

 

 

 

5,558
5,261

Progress/milestone payments

(963)
(1,117)

 

 

 

Total

   $

4,595

   $

4,144

 

 

 

 

 

 

XML 38 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Warranty Liability (Tables)
6 Months Ended
Jul. 02, 2016
Warranty Liability  
Changes in warranty liability

 

                                                                                                                                                                                          

 

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

Beginning of period

   $

143

   $

148

Provision

37
33

Settlements

(37)
(37)

Acquisitions

2
4

Adjustments*

(6)
(6)

 

 

 

End of period

   $

139

   $

142

 

 

 

 

 

* Adjustments include changes to prior year estimates, new issues on prior year sales and currency translation adjustments.

XML 39 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
Derivative Instruments and Fair Value Measurements (Tables)
6 Months Ended
Jul. 02, 2016
Derivative Instruments and Fair Value Measurements  
Carrying value and estimated fair value of financial instruments

 

                                                                                                                                                                                          

 

 

 

 

 

 

 

 

 

 

July 2, 2016

January 2, 2016

(In millions)

Carrying
Value

Estimated

Fair Value

Carrying
Value

Estimated

Fair Value

Manufacturing group

 

 

 

 

 

 

 

 

 

Long-term debt, excluding leases

   $

(2,958)

   $

(3,169)

   $

(2,628)

   $

(2,744)

Finance group

 

 

 

 

Finance receivables, excluding leases

777
770
863
820

 

 

 

 

 

Debt

(849)
(750)
(913)
(840)

 

 

 

 

 

 

XML 40 R27.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accumulated Other Comprehensive Loss and Other Comprehensive Income (Loss) (Tables)
6 Months Ended
Jul. 02, 2016
Accumulated Other Comprehensive Loss and Other Comprehensive Income (Loss)  
Schedule of components of Accumulated Other Comprehensive Loss

 

                                                                                                                                                                                          

(In millions)

Pension and
Postretirement
Benefits
Adjustments

Deferred

Gains (Losses)

on Hedge

Contracts

Foreign
Currency
Translation
Adjustments

Accumulated

Other

Comprehensive

Loss

For the six months ended July 2, 2016

 

 

 

 

Beginning of the period

  $

(1,327)

  $

(24)

  $

(47)

  $

(1,398)

Other comprehensive income before reclassifications

5
14
4
23

Reclassified from Accumulated other comprehensive loss

31
11

42

 

 

 

 

 

Other comprehensive income

36
25
4
65

 

 

 

 

 

End of the period

  $

(1,291)

  $

1

  $

(43)

  $

(1,333)

 

 

 

 

 

 

 

 

 

For the six months ended July 4, 2015

 

 

 

 

 

 

 

 

 

Beginning of the period

  $

(1,511)

  $

(13)

  $

18

  $

(1,506)

Other comprehensive income (loss) before reclassifications

62
(14)
(46)
2

Reclassified from Accumulated other comprehensive loss

49
6

55

 

 

 

 

 

Other comprehensive income (loss)

111
(8)
(46)
57

 

 

 

 

 

End of the period

  $

(1,400)

  $

(21)

  $

(28)

  $

(1,449)

 

 

 

 

 

 

 

 

 

 

Schedule of before and after-tax components of other comprehensive income (loss)

 

                                                                                                                                                                                          

 

July 2, 2016

July 4, 2015

(In millions)

Pre-Tax
Amount

Tax

(Expense)

Benefit

After-Tax

Amount

Pre-Tax
Amount

Tax

(Expense)

Benefit

After-Tax

Amount

Three Months Ended

 

 

 

 

 

 

Pension and postretirement benefits adjustments:

 

 

 

 

 

 

Amortization of net actuarial loss*

    $

26

     $

(10)

     $

16

    $

39

     $

(14)

    $

25

Amortization of prior service credit*

(2)
1
(1)

Unrealized gains

98
(36)
62

 

 

 

 

 

 

 

Pension and postretirement benefits adjustments, net

24
(9)
15
137
(50)
87

 

 

 

 

 

 

 

Deferred gains on hedge contracts:

 

 

 

 

 

 

Current deferrals

(2)

(2)
3
(1)
2

Reclassification adjustments

8
(2)
6
3
(1)
2

 

 

 

 

 

 

 

Deferred gains on hedge contracts, net

6
(2)
4
6
(2)
4

 

 

 

 

 

 

 

Foreign currency translation adjustments

(14)
(6)
(20)
9
1
10

 

 

 

 

 

 

 

Total

    $

16

     $

(17)

     $

(1)

    $

152

     $

(51)

    $

101

 

 

 

 

 

 

 

 

 

 

 

 

 

Six Months Ended

 

 

 

 

 

 

 

 

 

 

 

 

 

Pension and postretirement benefits adjustments:

 

 

 

 

 

 

Amortization of net actuarial loss*

    $

52

     $

(19)

     $

33

    $

78

     $

(28)

    $

50

Amortization of prior service credit*

(4)
2
(2)
(2)
1
(1)

Unrealized gains

7
(2)
5
98
(36)
62

 

 

 

 

 

 

 

Pension and postretirement benefits adjustments, net

55
(19)
36
174
(63)
111

 

 

 

 

 

 

 

Deferred gains (losses) on hedge contracts:

 

 

 

 

 

 

Current deferrals

20
(6)
14
(18)
4
(14)

Reclassification adjustments

15
(4)
11
9
(3)
6

 

 

 

 

 

 

 

Deferred gains (losses) on hedge contracts, net

35
(10)
25
(9)
1
(8)

 

 

 

 

 

 

 

Foreign currency translation adjustments

11
(7)
4
(43)
(3)
(46)

 

 

 

 

 

 

 

Total

    $

101

     $

(36)

     $

65

    $

122

     $

(65)

    $

57

 

 

 

 

 

 

 

 

 

 

 

 

 

*These components of other comprehensive income are included in the computation of net periodic pension cost.  See Note 11 of our 2015 Annual Report on Form 10-K for additional information.

XML 41 R28.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information (Tables)
6 Months Ended
Jul. 02, 2016
Segment Information  
Revenues by segment and reconciliation of segment profit to income from continuing operations before income taxes

 

                                                                                                                                                                                          

 

Three Months Ended

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

July 2,
2016

July 4,
2015

Revenues

 

 

 

 

 

 

 

 

 

 Textron Aviation

$

1,196

$

1,124

$

2,287

$

2,175

 

 

 

 

 

 

 

 

 

 Bell

804
850
1,618
1,663

 

 

 

 

 

 Textron Systems

487
322
811
637

 

 

 

 

 

 Industrial

1,004
927
1,956
1,799

 Finance

20
24
40
46

 

 

 

 

 

Total revenues

$

3,511

$

3,247

$

6,712

$

6,320

 

 

 

 

 

 

 

 

 

Segment Profit

 

 

 

 

 

 

 

 

 

 Textron Aviation

$

81

$

88

$

154

$

155

 

 

 

 

 

 

 

 

 

 Bell

81
101
163
177

 

 

 

 

 

 Textron Systems

60
21
89
49

 

 

 

 

 

 Industrial

99
86
190
168

 Finance

7
10
12
16

 

 

 

 

 

Segment profit

328
306
608
565

 

 

 

 

 

Corporate expenses and other, net

(31)
(33)
(63)
(75)

Interest expense, net for Manufacturing group

(37)
(32)
(70)
(65)

 

 

 

 

 

Income from continuing operations before income taxes

$

260

$

241

$

475

$

425

 

 

 

 

 

 

 

 

 

 

XML 42 R29.htm IDEA: XBRL DOCUMENT v3.5.0.2
Basis of Presentation - Number of borrowing groups (Details)
6 Months Ended
Jul. 02, 2016
item
Basis of Presentation  
Number of borrowing groups 2
XML 43 R30.htm IDEA: XBRL DOCUMENT v3.5.0.2
Basis of Presentation - Contracts accounted for under percentage of completion method (Details) - Contracts accounted for under percentage of completion method - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Jul. 02, 2016
Jul. 04, 2015
Use of Estimates        
Change in Accounting Estimate Financial Effect Increase in Income from Continuing Operations before Income Taxes $ 10 $ 36 $ 39 $ 54
Change in Accounting Estimate Financial Effect Increase in Income from Continuing Operations after taxes $ 6 $ 23 $ 25 $ 34
Change in Accounting Estimate Financial Effect Increase in Earnings Per Share Diluted $ 0.02 $ 0.08 $ 0.09 $ 0.12
Gross Favorable Program Profit Adjustments $ 19 $ 40 $ 53 $ 73
Gross Unfavorable Program Profit Adjustments $ 9 $ 4 $ 14 $ 19
XML 44 R31.htm IDEA: XBRL DOCUMENT v3.5.0.2
Business Acquisitions (Details) - Business Acquisitions 2016
$ in Millions
6 Months Ended
Jul. 02, 2016
USD ($)
item
Business Acquisitions  
Aggregate cash payment $ 179
Debt assumed $ 19
Number of businesses acquired | item 5
Goodwill $ 95
Tax-deductible goodwill 37
Customer Relationships and Technologies  
Business Acquisitions  
Intangible assets $ 63
Minimum | Customer Relationships and Technologies  
Business Acquisitions  
Estimated lives of intangible assets 10 years
Maximum | Customer Relationships and Technologies  
Business Acquisitions  
Estimated lives of intangible assets 18 years
XML 45 R32.htm IDEA: XBRL DOCUMENT v3.5.0.2
Retirement Plans (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Jul. 02, 2016
Jul. 04, 2015
Net periodic benefit cost (credit)        
Unrealized gains, pre-tax   $ 98 $ 7 $ 98
Pension Benefits        
Net periodic benefit cost (credit)        
Service cost $ 25 29 49 59
Interest cost 85 82 170 163
Expected return on plan assets (122) (121) (245) (242)
Amortization of net actuarial loss 26 39 52 78
Amortization of prior service cost (credit) 3 4 7 8
Curtailment and other charges   6   6
Net periodic benefit cost (credit) 17 39 33 72
Postretirement Benefits Other Than Pensions        
Net periodic benefit cost (credit)        
Service cost   1 1 2
Interest cost 4 4 8 8
Amortization of prior service cost (credit) (5) (6) (11) (12)
Net periodic benefit cost (credit) $ (1) $ (1) $ (2) $ (2)
Bell        
Net periodic benefit cost (credit)        
Workforce reduction (as a percent)   12.00%    
Increase to discount rate as a result of remeasurement (as a percent)   0.50%    
Discount rate (as a percent)   4.75%    
Unrealized gains, pre-tax   $ 98    
XML 46 R33.htm IDEA: XBRL DOCUMENT v3.5.0.2
Earnings Per Share (Details) - shares
shares in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Jul. 02, 2016
Jul. 04, 2015
Weighted-average shares outstanding for basic and diluted        
Basic weighted-average shares outstanding 269,888 277,715 270,774 277,808
Dilutive effect of stock options 1,428 2,220 1,398 2,216
Diluted weighted-average shares outstanding 271,316 279,935 272,172 280,024
Anti-dilutive effect of weighted average shares 5,000 2,000 5,000 1,000
XML 47 R34.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accounts Receivable and Finance Receivables - Accounts receivable (Details) - USD ($)
$ in Millions
Jul. 02, 2016
Jan. 02, 2016
Accounts Receivable    
Unbillable receivables within accounts receivable $ 188 $ 135
Manufacturing group    
Accounts Receivable    
Accounts Receivable, Gross 1,176 1,080
Allowance for doubtful accounts (32) (33)
Total 1,144 1,047
Commercial | Manufacturing group    
Accounts Receivable    
Accounts Receivable, Gross 902 841
U. S. Government Contracts | Manufacturing group    
Accounts Receivable    
Accounts Receivable, Gross $ 274 $ 239
XML 48 R35.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accounts Receivable and Finance Receivables - Finance receivables (Details) - USD ($)
$ in Millions
Jul. 02, 2016
Jan. 02, 2016
Jul. 04, 2015
Jan. 03, 2015
Finance Receivables        
Finance receivables, gross $ 1,027 $ 1,135    
Allowance for losses (42) (48) $ (54) $ (51)
Total finance receivables, net 985 1,087    
Finance receivables held for sale $ 30 $ 30    
XML 49 R36.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accounts Receivable and Finance Receivables - Finance receivables categorized based on credit quality indicators (Details)
$ in Millions
6 Months Ended
Jul. 02, 2016
USD ($)
item
Jan. 02, 2016
USD ($)
Finance receivables categorized based on the internally assigned credit quality    
Number of loan categories based on key credit quality indicators for individual loan | item 3  
Performing    
Finance receivables categorized based on the internally assigned credit quality    
Total finance receivables $ 792 $ 891
Watchlist    
Finance receivables categorized based on the internally assigned credit quality    
Total finance receivables 106 130
Nonaccrual    
Finance receivables categorized based on the internally assigned credit quality    
Total finance receivables $ 99 $ 84
Nonaccrual as a percentage of finance receivables 9.93% 7.60%
Nonaccrual | Minimum    
Finance receivables categorized based on the internally assigned credit quality    
Number of months of contractual delinquency to classify accounts as nonaccrual unless such collection is not doubtful 3 months  
XML 50 R37.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accounts Receivable and Finance Receivables - Finance receivables by delinquency aging category (Details) - USD ($)
$ in Millions
Jul. 02, 2016
Jan. 02, 2016
Finance receivables held for investment by delinquency aging    
Less than 31 days past due $ 889 $ 950
31- 60 days past due 51 86
61- 90 days past due 23 42
Over 90 days past due $ 34 $ 27
60+ days contractual delinquency as a percentage of finance receivables 5.72% 6.24%
XML 51 R38.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accounts Receivable and Finance Receivables - Summary of impaired finance receivables, excluding leveraged leases, and the average recorded investment (Details) - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Jul. 02, 2016
Jan. 02, 2016
Summary of impaired finance receivables, excluding leveraged leases, at year end and the average recorded investment    
Recorded investment, impaired loans with related allowance for losses $ 62 $ 62
Recorded investment, impaired loans with no related allowance for losses 40 42
Recorded investment, Total 102 104
Unpaid principal balance 106 113
Allowance for losses on impaired loans 11 17
Average recorded investment $ 95 $ 102
XML 52 R39.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accounts Receivable and Finance Receivables - Allowance for losses on finance receivables on an individual and on a collective basis (Details) - USD ($)
$ in Millions
Jul. 02, 2016
Jan. 02, 2016
Finance receivables    
Allowance based on collective evaluation $ 31 $ 31
Allowance based on individual evaluation 11 17
Finance receivables evaluated collectively 797 883
Finance receivables evaluated individually $ 102 $ 104
XML 53 R40.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accounts Receivable and Finance Receivables - Rollforward of the allowance for losses on finance receivables (Details) - USD ($)
$ in Millions
6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Allowance for losses    
Beginning of period $ 48 $ 51
Provision for losses (1) (1)
Charge-offs (10) (2)
Recoveries 5 6
End of period $ 42 $ 54
XML 54 R41.htm IDEA: XBRL DOCUMENT v3.5.0.2
Inventories (Details) - USD ($)
$ in Millions
Jul. 02, 2016
Jan. 02, 2016
Inventories    
Finished goods $ 1,967 $ 1,735
Work in process 2,932 2,921
Raw materials and components 659 605
Inventories, Gross 5,558 5,261
Progress/milestone payments (963) (1,117)
Total $ 4,595 $ 4,144
XML 55 R42.htm IDEA: XBRL DOCUMENT v3.5.0.2
Warranty Liability (Details) - USD ($)
$ in Millions
6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Changes in warranty liability    
Beginning of period $ 143 $ 148
Provision 37 33
Settlements (37) (37)
Acquisitions 2 4
Adjustments (6) (6)
End of period $ 139 $ 142
XML 56 R43.htm IDEA: XBRL DOCUMENT v3.5.0.2
Debt (Details) - 4.00% notes due 2026
$ in Millions
Mar. 11, 2016
USD ($)
Debt  
Face amount $ 350
Interest rate (as a percent) 4.00%
Net proceeds from issuance $ 345
XML 57 R44.htm IDEA: XBRL DOCUMENT v3.5.0.2
Derivative Instruments and Fair Value Measurements - Assets and liabilities recorded at fair value on a recurring basis (Details) - Manufacturing group - USD ($)
$ in Millions
6 Months Ended
Jul. 02, 2016
Jan. 02, 2016
Fair value of derivative instruments    
Forward exchange contracts maximum maturity period 3 years  
Foreign currency exchange contracts    
Fair value of derivative instruments    
Notional amounts $ 734 $ 706
Level 2 | Foreign currency exchange contracts    
Fair value of derivative instruments    
Derivative Asset, Fair Value 7 7
Derivative Liability, Fair Value $ 11 $ 28
XML 58 R45.htm IDEA: XBRL DOCUMENT v3.5.0.2
Derivative Instruments and Fair Value Measurements - Assets recorded at fair value on a nonrecurring basis (Details) - USD ($)
$ in Millions
Jul. 02, 2016
Jan. 02, 2016
Fair Value Measurements, Nonrecurring | Finance group | Unobservable Inputs (Level 3)    
Assets measured at fair value on a nonrecurring basis    
Impaired finance receivables, Balance $ 51 $ 45
XML 59 R46.htm IDEA: XBRL DOCUMENT v3.5.0.2
Derivative Instruments and Fair Value Measurements - Assets and liabilities not recorded at fair value (Details) - USD ($)
$ in Millions
Jul. 02, 2016
Jan. 02, 2016
Manufacturing group | Carrying Value    
Financial instruments not reflected at fair value    
Long-term debt, excluding leases $ (2,958) $ (2,628)
Manufacturing group | Estimated Fair Value    
Financial instruments not reflected at fair value    
Long-term debt, excluding leases $ (3,169) $ (2,744)
Finance group    
Fair Value, Balance Sheet Grouping, Financial Statement Captions    
Portion of fair value of term debt determined based on observable market transactions (as a percent) 75.00% 75.00%
Financial instruments not reflected at fair value    
Debt $ (849) $ (913)
Finance group | Carrying Value    
Financial instruments not reflected at fair value    
Finance receivables, excluding leases 777 863
Debt (849) (913)
Finance group | Estimated Fair Value    
Financial instruments not reflected at fair value    
Finance receivables, excluding leases 770 820
Debt $ (750) $ (840)
XML 60 R47.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accumulated Other Comprehensive Loss and Other Comprehensive Income (Loss) - Components of accumulated other comprehensive loss (Details) - USD ($)
$ in Millions
6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Components of Accumulated other comprehensive loss    
Beginning of the period $ (1,398) $ (1,506)
Other comprehensive income (loss) before reclassifications 23 2
Reclassified from Accumulated other comprehensive loss 42 55
Other comprehensive income (loss) 65 57
End of the period (1,333) (1,449)
Pension and Postretirement Benefits Adjustments    
Components of Accumulated other comprehensive loss    
Beginning of the period (1,327) (1,511)
Other comprehensive income (loss) before reclassifications 5 62
Reclassified from Accumulated other comprehensive loss 31 49
Other comprehensive income (loss) 36 111
End of the period (1,291) (1,400)
Deferred Gains (Losses) on Hedge Contracts    
Components of Accumulated other comprehensive loss    
Beginning of the period (24) (13)
Other comprehensive income (loss) before reclassifications 14 (14)
Reclassified from Accumulated other comprehensive loss 11 6
Other comprehensive income (loss) 25 (8)
End of the period 1 (21)
Foreign Currency Translation Adjustments    
Components of Accumulated other comprehensive loss    
Beginning of the period (47) 18
Other comprehensive income (loss) before reclassifications 4 (46)
Other comprehensive income (loss) 4 (46)
End of the period $ (43) $ (28)
XML 61 R48.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accumulated Other Comprehensive Loss and Other Comprehensive Income - Before and after-tax components of other comprehensive income (loss) (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2016
Jul. 04, 2015
Jul. 02, 2016
Jul. 04, 2015
Pension and postretirement benefits adjustments, pre-tax:        
Amortization of net actuarial loss, pre-tax $ 26 $ 39 $ 52 $ 78
Amortization of prior service credit, pre-tax (2)   (4) (2)
Unrealized gains, pre-tax   98 7 98
Pension and postretirement benefits adjustments, net, pre-tax 24 137 55 174
Deferred gains (losses) on hedge contracts, pre-tax:        
Current deferrals, pre-tax (2) 3 20 (18)
Reclassification adjustments, pre-tax 8 3 15 9
Deferred gains (losses) on hedge contracts, net, pre-tax 6 6 35 (9)
Foreign currency translation adjustments, pre-tax (14) 9 11 (43)
Other comprehensive income (loss), pre-tax 16 152 101 122
Pension and postretirement benefits adjustments, tax:        
Amortization of net actuarial loss, tax (10) (14) (19) (28)
Amortization of prior service credit, tax 1   2 1
Unrealized gains, tax   (36) (2) (36)
Pension and postretirement benefits adjustments, net, tax (9) (50) (19) (63)
Deferred gains (losses) on hedge contracts, tax:        
Current deferrals, tax   (1) (6) 4
Reclassification adjustments, tax (2) (1) (4) (3)
Deferred gains (losses) on hedge contracts, net, tax (2) (2) (10) 1
Foreign currency translation adjustments, tax (6) 1 (7) (3)
Other comprehensive income (loss), tax (17) (51) (36) (65)
Pension and postretirement benefits adjustments, after-tax:        
Amortization of net actuarial loss, after-tax 16 25 33 50
Amortization of prior service credit, after-tax (1)   (2) (1)
Unrealized gains, after-tax   62 5 62
Pension and postretirement benefits adjustments net, after-tax 15 87 36 111
Deferred gains (losses) on hedge contracts, after-tax:        
Current deferrals, after-tax (2) 2 14 (14)
Reclassification adjustments, after-tax 6 2 11 6
Deferred gains (losses) on hedge contracts, net, after-tax 4 4 25 (8)
Foreign currency translation adjustments, after-tax (20) 10 4 (46)
Other comprehensive income (loss) $ (1) $ 101 $ 65 $ 57
XML 62 R49.htm IDEA: XBRL DOCUMENT v3.5.0.2
Segment Information (Details)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2016
USD ($)
Jul. 04, 2015
USD ($)
Jul. 02, 2016
USD ($)
segment
Jul. 04, 2015
USD ($)
Operating and reportable business segments        
Number of business operating segments | segment     5  
Number of reportable business segments | segment     5  
Revenues        
Manufacturing revenues $ 3,491 $ 3,223 $ 6,672 $ 6,274
Finance revenues 20 24 40 46
Total revenues 3,511 3,247 6,712 6,320
Reconciliation of Operating Profit (Loss) from Segments to Consolidated        
Income from continuing operations before income taxes 260 241 475 425
Operating Segment        
Segment Profit        
Segment Profit 328 306 608 565
Corporate, non-segment        
Reconciliation of Operating Profit (Loss) from Segments to Consolidated        
Corporate expenses and other, net (31) (33) (63) (75)
Manufacturing group | Reconciling Items        
Reconciliation of Operating Profit (Loss) from Segments to Consolidated        
Interest expense, net for Manufacturing group (37) (32) (70) (65)
Textron Aviation | Manufacturing group        
Revenues        
Manufacturing revenues 1,196 1,124 2,287 2,175
Textron Aviation | Manufacturing group | Operating Segment        
Segment Profit        
Segment Profit 81 88 154 155
Bell | Manufacturing group        
Revenues        
Manufacturing revenues 804 850 1,618 1,663
Bell | Manufacturing group | Operating Segment        
Segment Profit        
Segment Profit 81 101 163 177
Textron Systems | Manufacturing group        
Revenues        
Manufacturing revenues 487 322 811 637
Textron Systems | Manufacturing group | Operating Segment        
Segment Profit        
Segment Profit 60 21 89 49
Industrial | Manufacturing group        
Revenues        
Manufacturing revenues 1,004 927 1,956 1,799
Industrial | Manufacturing group | Operating Segment        
Segment Profit        
Segment Profit 99 86 190 168
Finance        
Revenues        
Finance revenues 20 24 40 46
Finance | Operating Segment        
Segment Profit        
Segment Profit $ 7 $ 10 $ 12 $ 16
XML 63 R50.htm IDEA: XBRL DOCUMENT v3.5.0.2
Subsequent Events (Details) - Subsequent Events - Internal Revenue Service (IRS) - Approval of 1998 To 2008 tax years final settlement on July 11, 2016
$ in Millions
3 Months Ended
Oct. 01, 2016
USD ($)
Subsequent Events  
Income tax benefit on continuing and discontinued operations $ 175
Income tax benefit on reversal of accrued interest 140
Continuing Operations  
Subsequent Events  
Income tax benefit on continuing operations 110
Income tax benefit on reversal of accrued interest 90
Discontinued Operations  
Subsequent Events  
Income tax benefit on discontinued operations $ 65
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