Quarterly report pursuant to Section 13 or 15(d)

OPERATING SEGMENTS (Details)

v2.3.0.15
OPERATING SEGMENTS (Details) (USD $)
In Millions
 3 Months Ended 9 Months Ended
Sep. 25, 2011
Sep. 26, 2010
Sep. 25, 2011
Sep. 26, 2010
Operating results by segment:        
External sales $ 4,626 $ 3,401 $ 13,127 $ 9,087
Total sales 4,626 [1] 3,401 [1] 13,127 [1] 9,087 [1]
Depreciation and amortization 82 77 239 236
Research, development and engineering expenses 164 103 450 291
Equity, royalty and interest income from investees 102 88 315 261
Interest income 9 6 25 14
Segment EBIT 640 449 1,947 1,116
Less: Interest expense 11 11 34 29
INCOME BEFORE INCOME TAXES 629 438 1,913 1,087
Gain related to the sale of exhaust business, excluded from segment results     68  
Unallocated corporate expenses - Brazil tax recoveries, before tax       32
Unallocated corporate expenses - Brazil tax recoveries, after tax       21
Engine
        
Operating results by segment:        
External sales 2,539 1,727 7,021 4,495
Intersegment sales 416 342 1,225 896
Total sales 2,955 2,069 8,246 5,391
Depreciation and amortization 46 42 135 125
Research, development and engineering expenses 103 65 285 187
Equity, royalty and interest income from investees 35 37 126 124
Interest income 5 3 14 7
Segment EBIT 349 223 1,016 553
Power Generation
        
Operating results by segment:        
External sales 604 564 1,810 1,460
Intersegment sales 270 227 768 556
Total sales 874 791 2,578 2,016
Depreciation and amortization 11 10 32 31
Research, development and engineering expenses 14 8 37 23
Equity, royalty and interest income from investees 16 12 37 27
Interest income 2 2 6 4
Segment EBIT 92 97 286 207
Components
        
Operating results by segment:        
External sales 704 540 2,105 1,515
Intersegment sales 311 229 866 613
Total sales 1,015 769 2,971 2,128
Depreciation and amortization 19 20 55 61
Research, development and engineering expenses 46 30 126 81
Equity, royalty and interest income from investees 7 6 24 17
Interest income 1   3 1
Segment EBIT 113 63 338 195
Distribution
        
Operating results by segment:        
External sales 779 570 2,191 1,617
Intersegment sales 4 3 19 8
Total sales 783 573 2,210 1,625
Depreciation and amortization 6 5 17 19
Research, development and engineering expenses 1   2  
Equity, royalty and interest income from investees 44 33 128 93
Interest income 1 1 2 2
Segment EBIT 104 74 299 215
Non-segment items
        
Operating results by segment:        
Intersegment sales (1,001) (801) (2,878) (2,073)
Total sales (1,001) (801) (2,878) (2,073)
Segment EBIT (18) (8) 8 (54)
Gain related to the sale of exhaust business, excluded from segment results     68  
Gain related to the sale of exhaust business, excluded from segment results, after tax     37  
Unallocated corporate expenses - Brazil tax recoveries, before tax   32   32
Unallocated corporate expenses - Brazil tax recoveries, after tax   21   21
Unallocated corporate expenses - gains (losses) related to flood damage recoveries   $ (2)   $ (2)
[1] Includes sales to nonconsolidated equity investees of $640 million and $1,874 million and $580 million and $1,524 million for the three and nine months ended September 25, 2011 and September 26, 2010, respectively.