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Accounts Receivable and Finance Receivables (Tables) | 9 Months Ended
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Sep. 29, 2018
Accounts Receivable and Finance Receivables |
Accounts receivable |
(In millions) |  |  |  |  |  | September 29, 2018 |  | December 30, 2017
Commercial |  |  |  |  | $ | 895 | $ | 1,007
U.S. Government contracts, including foreign military sales |  |  |  |  |  | 156 |  | 383
|  |  |  |  |  | 1,051 |  | 1,390
Allowance for doubtful accounts |  |  |  |  |  | (25) |  | (27)
Total |  |  |  |  | $ | 1,026 | $ | 1,363
Finance receivables |
(In millions) |  |  |  |  |  | September 29, 2018 |  | December 30, 2017
Finance receivables |  |  |  |  | $ | 815 | $ | 850
Allowance for losses |  |  |  |  |  | (29) |  | (31)
Total finance receivables, net |  |  |  |  | $ | 786 | $ | 819
Finance receivables by credit quality indicator and by delinquency aging category |
(Dollars in millions) |  |  |  | September 29, 2018 |  | December 30, 2017
Performing |  |  | $ | 723 | $ | 733
Watchlist |  |  |  | 48 |  | 56
Nonaccrual |  |  |  | 44 |  | 61
Nonaccrual as a percentage of finance receivables |  |  |  | 5.40% |  | 7.18%
Less than 31 days past due |  |  | $ | 752 | $ | 791
31-60 days past due |  |  |  | 22 |  | 25
61-90 days past due |  |  |  | 32 |  | 14
Over 90 days past due |  |  |  | 9 |  | 20
60 + days contractual delinquency as a percentage of finance receivables |  |  |  | 5.03% |  | 4.00%
Summary of impaired finance receivables, excluding leveraged leases, and the average recorded investment |
(In millions) |  |  |  |  |  | September 29, 2018 |  | December 30, 2017
Recorded investment: |  |  |  |  |  |  |  |
Impaired loans with related allowance for losses |  |  |  |  | $ | 14 | $ | 24
Impaired loans with no related allowance for losses |  |  |  |  |  | 30 |  | 70
Total |  |  |  |  | $ | 44 | $ | 94
Unpaid principal balance |  |  |  |  | $ | 54 | $ | 106
Allowance for losses on impaired loans |  |  |  |  |  | 4 |  | 6
Average recorded investment |  |  |  |  |  | 62 |  | 92
Allowance for losses on finance receivables on an individual and on a collective basis |
(In millions) |  |  |  |  |  | September 29, 2018 |  | December 30, 2017
Allowance based on collective evaluation |  |  |  |  | $ | 25 | $ | 25
Allowance based on individual evaluation |  |  |  |  |  | 4 |  | 6
Finance receivables evaluated collectively |  |  |  |  |  | 671 |  | 658
Finance receivables evaluated individually |  |  |  |  |  | 44 |  | 94

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