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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Apr. 01, 2017
Apr. 02, 2016
Income Statement [Abstract]    
Net sales $ 3,254 $ 3,395
Cost of goods sold 2,050 2,150
Selling, general and administrative expense 844 807
Operating profit 360 438
Interest expense 61 217
Other income (expense), net 3 0
Income before income taxes 302 221
Income taxes 42 47
Earnings (loss) from unconsolidated entities 2 1
Net Income $ 262 $ 175
Per share amounts:    
Basic (in dollars per share) $ 0.75 $ 0.50
Diluted (in dollars per share) 0.74 0.49
Dividends per share (in dollars per share) $ 0.52 $ 0.50
Average shares outstanding:    
Basic (in shares) 351 351
Diluted (in shares) 354 355
Actual shares outstanding at period end (in shares) 350 350