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Derivative Instruments and Fair Value Measurements (Tables)

12 Months Ended

Dec. 29, 2012

Derivative Instruments and Fair Value Measurements

Fair value of derivative instruments designated as hedging instruments

							Asset (Liability)
(In millions)		Borrowing Group		Balance Sheet Location			December 29, 2012				December 31, 2011
Assets
Interest rate exchange contracts*		Finance		Other assets			$	8			$	22
Foreign currency exchange contracts		Manufacturing		Other current assets			9				9
Total							$	17			$	31
Liabilities
Interest rate exchange contracts*		Finance		Other liabilities			$	(8	)		$	(7	)
Foreign currency exchange contracts		Manufacturing		Accrued liabilities			(5		)		(5		)
Total							$	(13	)		$	(12	)

*Interest rate exchange contracts represent fair value hedges.

Assets measured at fair value on a nonrecurring basis

(In millions)			December 29, 2012				December 31, 2011
Finance group
Finance receivables held for sale			$	140			$	418
Impaired finance receivables			72				81
Other assets			76				128
Manufacturing Group
Intangible assets			—				15

Fair value adjustments for assets measured at fair value on a nonrecurring basis

			Gain (Loss)
(In millions)			2012				2011
Finance group
Finance receivables held for sale			$	76			$	(206	)
Impaired finance receivables			(11		)		(82		)
Other assets			(51		)		(49		)
Manufacturing Group
Intangible assets			—				(41		)

Carrying value and estimated fair values of financial instruments

			December 29, 2012							December 31, 2011
(In millions)			Carrying Value			Estimated Fair Value				Carrying Value			Estimated Fair Value
Manufacturing group
Long-term debt, excluding leases			$	(2,225	)	$	(2,636	)		$	(2,328	)	$	(2,561	)
Finance group
Finance receivables held for investment, excluding leases			1,625			1,653				1,997			1,848
Debt			(1,686		)	(1,678		)		(1,974		)	(1,854		)

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- Definition

Tabular disclosure of the increase (decrease) in value of certain assets that are measured at fair value on a nonrecurring basis for which a fair value adjustment has been included in the income statement.

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Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

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