| Financial information regarding reportable operating segments |
|
In millions
|
|
Engine
|
|
Components
|
|
Power
Generation
|
|
Distribution
|
|
Non-segment
Items(1)
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended July 1, 2012
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
External sales
|
|
$
|
2,381
|
|
$
|
710
|
|
$
|
572
|
|
$
|
789
|
|
$
|
—
|
|
$
|
4,452
|
|
|
Intersegment sales
|
|
460
|
|
326
|
|
337
|
|
5
|
|
(1,128
|
)
|
—
|
|
|
Total sales
|
|
2,841
|
|
1,036
|
|
909
|
|
794
|
|
(1,128
|
)
|
4,452
|
|
|
Depreciation and amortization(2)
|
|
47
|
|
19
|
|
11
|
|
8
|
|
—
|
|
85
|
|
|
Research, development and engineering expenses
|
|
115
|
|
51
|
|
19
|
|
2
|
|
—
|
|
187
|
|
|
Equity, royalty and interest income from investees
|
|
37
|
|
8
|
|
10
|
|
49
|
|
—
|
|
104
|
|
|
Interest income
|
|
3
|
|
1
|
|
3
|
|
—
|
|
—
|
|
7
|
|
|
Segment EBIT
|
|
376
|
|
116
|
|
94
|
|
92
|
|
(9
|
)
|
669
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended June 26, 2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
External sales
|
|
$
|
2,476
|
|
$
|
741
|
|
$
|
649
|
|
$
|
775
|
|
$
|
—
|
|
$
|
4,641
|
|
|
Intersegment sales
|
|
424
|
|
291
|
|
260
|
|
10
|
|
(985
|
)
|
—
|
|
|
Total sales
|
|
2,900
|
|
1,032
|
|
909
|
|
785
|
|
(985
|
)
|
4,641
|
|
|
Depreciation and amortization(2)
|
|
44
|
|
18
|
|
11
|
|
5
|
|
—
|
|
78
|
|
|
Research, development and engineering expenses
|
|
102
|
|
43
|
|
12
|
|
—
|
|
—
|
|
157
|
|
|
Equity, royalty and interest income from investees
|
|
49
|
|
9
|
|
13
|
|
46
|
|
—
|
|
117
|
|
|
Interest income
|
|
6
|
|
1
|
|
3
|
|
—
|
|
—
|
|
10
|
|
|
Segment EBIT
|
|
377
|
|
120
|
|
105
|
|
106
|
|
67
|
|
775
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended July 1, 2012
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
External sales
|
|
$
|
4,793
|
|
$
|
1,484
|
|
$
|
1,088
|
|
$
|
1,559
|
|
$
|
—
|
|
$
|
8,924
|
|
|
Intersegment sales
|
|
907
|
|
651
|
|
601
|
|
10
|
|
(2,169
|
)
|
—
|
|
|
Total sales
|
|
5,700
|
|
2,135
|
|
1,689
|
|
1,569
|
|
(2,169
|
)
|
8,924
|
|
|
Depreciation and amortization(2)
|
|
94
|
|
38
|
|
22
|
|
15
|
|
—
|
|
169
|
|
|
Research, development and engineering expenses
|
|
226
|
|
102
|
|
37
|
|
3
|
|
—
|
|
368
|
|
|
Equity, royalty and interest income from investees
|
|
75
|
|
16
|
|
20
|
|
97
|
|
—
|
|
208
|
|
|
Interest income
|
|
7
|
|
2
|
|
5
|
|
1
|
|
—
|
|
15
|
|
|
Segment EBIT
|
|
757
|
|
259
|
|
170
|
|
186
|
|
(45
|
)
|
1,327
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six months ended June 26, 2011
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
External sales
|
|
$
|
4,482
|
|
$
|
1,401
|
|
$
|
1,206
|
|
$
|
1,412
|
|
$
|
—
|
|
$
|
8,501
|
|
|
Intersegment sales
|
|
809
|
|
555
|
|
498
|
|
15
|
|
(1,877
|
)
|
—
|
|
|
Total sales
|
|
5,291
|
|
1,956
|
|
1,704
|
|
1,427
|
|
(1,877
|
)
|
8,501
|
|
|
Depreciation and amortization(2)
|
|
89
|
|
36
|
|
21
|
|
11
|
|
—
|
|
157
|
|
|
Research, development and engineering expenses
|
|
182
|
|
80
|
|
23
|
|
1
|
|
—
|
|
286
|
|
|
Equity, royalty and interest income from investees
|
|
91
|
|
17
|
|
21
|
|
84
|
|
—
|
|
213
|
|
|
Interest income
|
|
9
|
|
2
|
|
4
|
|
1
|
|
—
|
|
16
|
|
|
Segment EBIT
|
|
667
|
|
225
|
|
194
|
|
195
|
|
26
|
|
1,307
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1)
|
Includes intersegment sales and profit in inventory eliminations and unallocated corporate expenses. The three and six months ended July 1, 2012, include a $6 million gain ($4 million after-tax) related to adjustments from our 2011 divestitures. The three and six months ended June 26, 2011, include a $68 million gain ($37 million after-tax) related to the sale of certain assets and liabilities of our exhaust business from the Components segment. The gains have been excluded from segment results as they were not considered in our evaluation of operating results for the three and six months ended July 1, 2012 and June 26, 2011. There were no other significant unallocated corporate expenses for the three and six months ended July 1, 2012 and June 26, 2011.
|
|
(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.”
|
|
|