|
|
In millions
|
|
Engine
|
|
Power
Generation
|
|
Components
|
|
Distribution
|
|
Non-segment
Items(1)
|
|
Total
|
|
|
Three months ended June 26, 2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
External sales
|
|
$
|
2,476
|
|
$
|
649
|
|
$
|
741
|
|
$
|
775
|
|
$
|
|
|
$
|
4,641
|
|
|
Intersegment sales
|
|
424
|
|
260
|
|
291
|
|
10
|
|
(985
|
)
|
|
|
|
Total sales
|
|
2,900
|
|
909
|
|
1,032
|
|
785
|
|
(985
|
)
|
4,641
|
|
|
Depreciation and amortization(2)
|
|
44
|
|
11
|
|
18
|
|
5
|
|
|
|
78
|
|
|
Research, development and engineering expenses
|
|
102
|
|
12
|
|
43
|
|
|
|
|
|
157
|
|
|
Equity, royalty and interest income from investees
|
|
49
|
|
13
|
|
9
|
|
46
|
|
|
|
117
|
|
|
Interest income
|
|
6
|
|
3
|
|
1
|
|
|
|
|
|
10
|
|
|
Segment EBIT
|
|
377
|
|
105
|
|
120
|
|
106
|
|
67
|
|
775
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 27, 2010
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
External sales
|
|
$
|
1,595
|
|
$
|
518
|
|
$
|
522
|
|
$
|
573
|
|
$
|
|
|
$
|
3,208
|
|
|
Intersegment sales
|
|
304
|
|
190
|
|
207
|
|
3
|
|
(704
|
)
|
|
|
|
Total sales
|
|
1,899
|
|
708
|
|
729
|
|
576
|
|
(704
|
)
|
3,208
|
|
|
Depreciation and amortization(2)
|
|
42
|
|
11
|
|
21
|
|
7
|
|
|
|
81
|
|
|
Research, development and engineering expenses
|
|
62
|
|
8
|
|
26
|
|
|
|
|
|
96
|
|
|
Equity, royalty and interest income from investees
|
|
52
|
|
9
|
|
6
|
|
30
|
|
|
|
97
|
|
|
Interest income
|
|
2
|
|
1
|
|
1
|
|
1
|
|
|
|
5
|
|
|
Segment EBIT
|
|
197
|
|
76
|
|
75
|
|
69
|
|
(16
|
)
|
401
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 26, 2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
External sales
|
|
$
|
4,482
|
|
$
|
1,206
|
|
$
|
1,401
|
|
$
|
1,412
|
|
$
|
|
|
$
|
8,501
|
|
|
Intersegment sales
|
|
809
|
|
498
|
|
555
|
|
15
|
|
(1,877
|
)
|
|
|
|
Total sales
|
|
5,291
|
|
1,704
|
|
1,956
|
|
1,427
|
|
(1,877
|
)
|
8,501
|
|
|
Depreciation and amortization(2)
|
|
89
|
|
21
|
|
36
|
|
11
|
|
|
|
157
|
|
|
Research, development and engineering expenses
|
|
182
|
|
23
|
|
80
|
|
1
|
|
|
|
286
|
|
|
Equity, royalty and interest income from investees
|
|
91
|
|
21
|
|
17
|
|
84
|
|
|
|
213
|
|
|
Interest income
|
|
9
|
|
4
|
|
2
|
|
1
|
|
|
|
16
|
|
|
Segment EBIT
|
|
667
|
|
194
|
|
225
|
|
195
|
|
26
|
|
1,307
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 27, 2010
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
External sales
|
|
$
|
2,768
|
|
$
|
896
|
|
$
|
975
|
|
$
|
1,047
|
|
$
|
|
|
$
|
5,686
|
|
|
Intersegment sales
|
|
554
|
|
329
|
|
384
|
|
5
|
|
(1,272
|
)
|
|
|
|
Total sales
|
|
3,322
|
|
1,225
|
|
1,359
|
|
1,052
|
|
(1,272
|
)
|
5,686
|
|
|
Depreciation and amortization(2)
|
|
83
|
|
21
|
|
41
|
|
14
|
|
|
|
159
|
|
|
Research, development and engineering expenses
|
|
122
|
|
15
|
|
51
|
|
|
|
|
|
188
|
|
|
Equity, royalty and interest income from investees
|
|
87
|
|
15
|
|
11
|
|
60
|
|
|
|
173
|
|
|
Interest income
|
|
4
|
|
2
|
|
1
|
|
1
|
|
|
|
8
|
|
|
Segment EBIT
|
|
330
|
|
110
|
|
132
|
|
141
|
|
(46
|
)
|
667
|
|
(1) Includes intersegment sales and profit in inventory eliminations and unallocated corporate expenses. The three and six months ended June 26, 2011, include a $68 million gain related to the sale of our exhaust business from the Components segment. The gain has been excluded from segment results as it was not considered by management in its evaluation of operating results for the three and six months ended June 26, 2011. There were no other significant unallocated corporate expenses for the three and six months ended June 26, 2011 and June 27, 2010.
(2) Depreciation and amortization as shown on a segment basis excludes the amortization of debt discount that is included in the Condensed Consolidated Statements of Income as Interest expense.
|