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Consolidated Statement of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Oct. 01, 2016
Sep. 30, 2017
Oct. 01, 2016
Income Statement [Abstract]        
Net sales $ 3,273 $ 3,254 $ 9,714 $ 9,917
Cost of goods sold 2,041 1,990 6,013 6,138
Selling, general and administrative expense 768 854 2,424 2,482
Operating profit 464 410 1,277 1,297
Interest expense 64 58 188 343
Other income (expense), net (2) 3 (5) 7
Income before income taxes 398 355 1,084 961
Income taxes 104 62 248 215
Earnings (loss) from unconsolidated entities 3 (1) 5 1
Net Income $ 297 $ 292 $ 841 $ 747
Per share amounts:        
Basic (in dollars per share) $ 0.86 $ 0.83 $ 2.41 $ 2.13
Diluted (in dollars per share) 0.85 0.82 2.39 2.11
Dividends per share (in dollars per share) $ 0.54 $ 0.52 $ 1.58 $ 1.52
Average shares outstanding:        
Basic (in shares) 345 350 348 350
Diluted (in shares) 348 354 351 354
Actual shares outstanding at period end (in shares) 345 351 345 351