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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Jul. 01, 2017
Jul. 02, 2016
Income Statement [Abstract]        
Net sales $ 3,187 $ 3,268 $ 6,441 $ 6,663
Cost of goods sold 1,922 1,998 3,972 4,148
Selling, general and administrative expense 812 821 1,656 1,628
Operating profit 453 449 813 887
Interest expense 63 68 124 285
Other income (expense), net (6) 4 (3) 4
Income before income taxes 384 385 686 606
Income taxes 102 106 144 153
Earnings (loss) from unconsolidated entities 0 1 2 2
Net Income $ 282 $ 280 $ 544 $ 455
Per share amounts:        
Basic (in dollars per share) $ 0.81 $ 0.80 $ 1.56 $ 1.30
Diluted (in dollars per share) 0.80 0.79 1.54 1.29
Dividends per share (in dollars per share) $ 0.52 $ 0.50 $ 1.04 $ 1.00
Average shares outstanding:        
Basic (in shares) 349 350 350 350
Diluted (in shares) 352 354 353 354
Actual shares outstanding at period end (in shares) 346 349 346 349