Quarterly report pursuant to Section 13 or 15(d)

OPERATING SEGMENTS (Details)

v3.4.0.3
OPERATING SEGMENTS (Details) - USD ($)
$ in Millions
 3 Months Ended
Apr. 03, 2016
Mar. 29, 2015
Operating results:    
Total sales [1] $ 4,291 $ 4,709
Depreciation and amortization [2] 127 127
Research, development and engineering expenses 166 195
Equity, royalty and interest income from investees 72 68
Interest income 6 5
Segment EBIT 484 562
Less: Interest expense 19 14
INCOME BEFORE INCOME TAXES 465 548
Amortization of Debt Discount (Premium) 1 1
Engine    
Operating results:    
Depreciation and amortization [2] 58 58
Research, development and engineering expenses 97 114
Equity, royalty and interest income from investees 41 30
Interest income 3 2
Segment EBIT 200 253
Distribution    
Operating results:    
Depreciation and amortization [2] 26 27
Research, development and engineering expenses 2 3
Equity, royalty and interest income from investees 18 20
Interest income 1 1
Segment EBIT 95 88
Components    
Operating results:    
Depreciation and amortization [2] 27 26
Research, development and engineering expenses 54 61
Equity, royalty and interest income from investees 8 9
Interest income 1 1
Segment EBIT 173 195
Power Generation    
Operating results:    
Depreciation and amortization [2] 16 16
Research, development and engineering expenses 13 17
Equity, royalty and interest income from investees 5 9
Interest income 1 1
Segment EBIT 31 49
Non-segment items    
Operating results:    
Segment EBIT [3] (15) (23)
External Sales    
Operating results:    
Total sales 4,291 4,709
External Sales | Engine    
Operating results:    
Total sales 1,624 1,889
External Sales | Distribution    
Operating results:    
Total sales 1,458 1,469
External Sales | Components    
Operating results:    
Total sales 897 931
External Sales | Power Generation    
Operating results:    
Total sales 312 420
Intersegment sales | Engine    
Operating results:    
Total sales 710 707
Intersegment sales | Distribution    
Operating results:    
Total sales 5 7
Intersegment sales | Components    
Operating results:    
Total sales 340 368
Intersegment sales | Power Generation    
Operating results:    
Total sales 238 260
Intersegment sales | Non-segment items    
Operating results:    
Total sales [3] (1,293) (1,342)
Reportable segment    
Operating results:    
Total sales 4,291 4,709
Reportable segment | Engine    
Operating results:    
Total sales 2,334 2,596
Reportable segment | Distribution    
Operating results:    
Total sales 1,463 1,476
Reportable segment | Components    
Operating results:    
Total sales 1,237 1,299
Reportable segment | Power Generation    
Operating results:    
Total sales 550 680
Reportable segment | Non-segment items    
Operating results:    
Total sales [3] $ (1,293) $ (1,342)
[1] Includes sales to nonconsolidated equity investees of $242 million and $325 million for the three months ended April 3, 2016 and March 29, 2015, respectively.
[2] Depreciation and amortization as shown on a segment basis excludes the amortization of debt discount and deferred costs included in the Condensed Consolidated Statements of Income as "Interest expense." The amortization of debt discount and deferred costs were $1 million and $1 million for the three months ended April 3, 2016 and March 29, 2015, respectively.
[3] Includes intersegment sales, intersegment profit in inventory eliminations and unallocated corporate expenses. There were no significant unallocated corporate expenses for the three months ended April 3, 2016 and March 29, 2015.