Quarterly report pursuant to Section 13 or 15(d)

OPERATING SEGMENTS (Details)

v2.4.0.6
OPERATING SEGMENTS (Details) (USD $)
In Millions, unless otherwise specified
 3 Months Ended 6 Months Ended
Jul. 01, 2012
Jun. 26, 2011
Jul. 01, 2012
Jun. 26, 2011
Operating results by segment:        
External sales $ 4,452 $ 4,641 $ 8,924 $ 8,501
Total sales 4,452 [1] 4,641 [1] 8,924 [1] 8,501 [1]
Depreciation and amortization 85 78 169 157
Research, development and engineering expenses 187 157 368 286
Equity, royalty and interest income from investees 104 117 208 213
Interest income 7 10 15 16
Segment EBIT 669 775 1,327 1,307
Less: Interest expense 8 13 16 23
INCOME BEFORE INCOME TAXES 661 762 1,311 1,284
Gain on sale of business 6 68 6 68
After-tax gain on sale of business 4      
Exhaust business
        
Operating results by segment:        
Gain on sale of business   68    
After-tax gain on sale of business   37    
Engine
        
Operating results by segment:        
External sales 2,381 2,476 4,793 4,482
Intersegment sales 460 424 907 809
Total sales 2,841 2,900 5,700 5,291
Depreciation and amortization 47 44 94 89
Research, development and engineering expenses 115 102 226 182
Equity, royalty and interest income from investees 37 49 75 91
Interest income 3 6 7 9
Segment EBIT 376 377 757 667
Components
        
Operating results by segment:        
External sales 710 741 1,484 1,401
Intersegment sales 326 291 651 555
Total sales 1,036 1,032 2,135 1,956
Depreciation and amortization 19 18 38 36
Research, development and engineering expenses 51 43 102 80
Equity, royalty and interest income from investees 8 9 16 17
Interest income 1 1 2 2
Segment EBIT 116 120 259 225
Power Generation
        
Operating results by segment:        
External sales 572 649 1,088 1,206
Intersegment sales 337 260 601 498
Total sales 909 909 1,689 1,704
Depreciation and amortization 11 11 22 21
Research, development and engineering expenses 19 12 37 23
Equity, royalty and interest income from investees 10 13 20 21
Interest income 3 3 5 4
Segment EBIT 94 105 170 194
Distribution
        
Operating results by segment:        
External sales 789 775 1,559 1,412
Intersegment sales 5 10 10 15
Total sales 794 785 1,569 1,427
Depreciation and amortization 8 5 15 11
Research, development and engineering expenses 2   3 1
Equity, royalty and interest income from investees 49 46 97 84
Interest income     1 1
Segment EBIT 92 106 186 195
Non-segment items
        
Operating results by segment:        
Intersegment sales (1,128) (985) (2,169) (1,877)
Total sales (1,128) (985) (2,169) (1,877)
Segment EBIT (9) 67 (45) 26
Gain on sale of business 6   6  
After-tax gain on sale of business 4   4  
Non-segment items | Exhaust business
        
Operating results by segment:        
Gain on sale of business   68   68
After-tax gain on sale of business   $ 37   $ 37
[1] Includes sales to nonconsolidated equity investees of $622 million and $1,291 million and $635 million and $1,234 million for the three and six months ended July 1, 2012 and June 26, 2011, respectively.