Accounts Receivable and Finance Receivables (Tables)

12 Months Ended

Dec. 29, 2018

Accounts Receivable and Finance Receivables

Accounts receivable

(In millions)		December 29, 2018		December 30, 2017
Commercial	$	885	$	1,007
U.S. Government contracts		166		383
		1,051		1,390
Allowance for doubtful accounts		(27)		(27)
Total	$	1,024	$	1,363

Finance receivables

(In millions)		December 29, 2018		December 30, 2017
Finance receivables	$	789	$	850
Allowance for losses		(29)		(31)
Total finance receivables, net	$	760	$	819

Finance receivables by credit quality indicator and by delinquency aging category

(Dollars in millions)		December 29, 2018		December 30, 2017
Performing	$	704	$	733
Watchlist		45		56
Nonaccrual		40		61
Nonaccrual as a percentage of finance receivables		5.07%		7.18%
Less than 31 days past due	$	719	$	791
31-60 days past due		56		25
61-90 days past due		5		14
Over 90 days past due		9		20
60+ days contractual delinquency as a percentage of finance receivables		1.77%		4.00%

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

(In millions)		December 29, 2018		December 30, 2017
Recorded investment:
Impaired loans with related allowance for losses	$	15	$	24
Impaired loans with no related allowance for losses		43		70
Total	$	58	$	94
Unpaid principal balance	$	67	$	106
Allowance for losses on impaired loans		5		6
Average recorded investment		61		92

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

(In millions)		December 29, 2018		December 30, 2017
Allowance based on collective evaluation	$	24	$	25
Allowance based on individual evaluation		5		6
Finance receivables evaluated collectively		630		658
Finance receivables evaluated individually		58		94