Annual report pursuant to Section 13 and 15(d)

QUARTERLY FINANCIAL INFORMATION DISCLOSURE (unaudited) (Details)

v3.6.0.2
QUARTERLY FINANCIAL INFORMATION DISCLOSURE (unaudited) (Details)
$ / shares in Units, $ in Millions
 3 Months Ended 12 Months Ended
Dec. 31, 2016
USD ($)
$ / shares
Oct. 02, 2016
USD ($)
$ / shares
Jul. 03, 2016
USD ($)
$ / shares
Apr. 03, 2016
USD ($)
$ / shares
Dec. 31, 2015
USD ($)
$ / shares
Sep. 27, 2015
USD ($)
$ / shares
Jun. 28, 2015
USD ($)
$ / shares
Mar. 29, 2015
USD ($)
$ / shares
Dec. 31, 2014
$ / shares
Sep. 28, 2014
$ / shares
Jun. 29, 2014
$ / shares
Mar. 30, 2014
$ / shares
Dec. 31, 2016
USD ($)
$ / shares
Dec. 31, 2015
USD ($)
$ / shares
Dec. 31, 2014
USD ($)
$ / shares
Effect of Fourth Quarter Events [Line Items]                              
NET SALES $ 4,503 $ 4,187 $ 4,528 $ 4,291 $ 4,766 $ 4,620 $ 5,015 $ 4,709         $ 17,509 [1] $ 19,110 [1] $ 19,221 [1]
Gross Profit 1,120 1,079 1,197 1,056 1,212 1,208 1,332 1,195         4,452 4,947 4,861
Net Income (Loss) Available to Common Stockholders, Basic $ 378 $ 289 [2] $ 406 [2] $ 321 $ 161 [3] $ 380 $ 471 $ 387         $ 1,394 $ 1,399 $ 1,651
Basic (in dollars per share) | $ / shares $ 2.26 [4] $ 1.72 [2],[4] $ 2.41 [2],[4] $ 1.87 [4] $ 0.92 [3],[4] $ 2.15 [4] $ 2.63 [4] $ 2.14 [4]         $ 8.25 $ 7.86 $ 9.04
Diluted (in dollars per share) | $ / shares $ 2.25 [4] 1.72 [2],[4] 2.40 [2],[4] 1.87 [4] 0.92 [3],[4] 2.14 [4] 2.62 [4] 2.14 [4]         $ 8.23 $ 7.84 $ 9.02
Selected Quarterly Financial Information [Abstract]                              
Loss Contingency, Loss in Period                         $ 138 [5] $ 60 [5] $ 0
Impairment of light-duty diesel assets                         $ 0 211 [6],[7] $ 0
Impairment of Light-duty diesel assets Held-for-use (After-tax)                           133  
Restructuring actions and other charges [8]                           90  
Restructuring Charges, Net of Tax                           $ 61  
Registered Shareholders Total 3,536                       3,536    
Maximum                              
Effect of Fourth Quarter Events [Line Items]                              
Sale of Stock, Price Per Share | $ / shares $ 147.10 128.60 120.00 111.29 115.37 132.96 143.40 148.04         $ 147.10 $ 115.37  
Minimum                              
Effect of Fourth Quarter Events [Line Items]                              
Sale of Stock, Price Per Share | $ / shares 121.22 107.51 104.30 79.88 84.99 108.27 133.36 133.50         121.22 84.99  
Common Stock                              
Effect of Fourth Quarter Events [Line Items]                              
Cash dividend (in dollars per share) | $ / shares $ 1.025 $ 1.025 $ 0.975 $ 0.975 $ 0.975 $ 0.975 $ 0.78 $ 0.78 $ 0.78 $ 0.78 $ 0.625 $ 0.625 $ 4 $ 3.51 $ 2.81
Engine                              
Effect of Fourth Quarter Events [Line Items]                              
NET SALES                         $ 7,804 $ 8,670 $ 8,967
Selected Quarterly Financial Information [Abstract]                              
Loss Contingency, Loss in Period   $ 99 $ 39 [6]                   $ 138 [5] 60 [5]  
Loss in Period for Contingency, Net of Tax   $ 50 $ 24                     38  
Impairment of light-duty diesel assets [7]                           202  
Restructuring actions and other charges [8]                           $ 17  
[1] Includes sales to nonconsolidated equity investees of $1,028 million, $1,209 million and $2,063 million for the years ended December 31, 2016, 2015 and 2014, respectively.
[2] The second quarter of 2016, included an additional $39 million loss contingency charge ($24 million after-tax). The third quarter of 2016 included an additional $99 million loss contingency charge ($50 million net of favorable compensation impact and after-tax).
[3] The fourth quarter of 2015, included a $211 million impairment of light-duty diesel assets ($133 million after-tax), a $90 million restructuring charge ($61 million after-tax) and a $60 million charge for a loss contingency ($38 million after-tax).
[4] Earnings per share in each quarter is computed using the weighted-average number of shares outstanding during that quarter while earnings per share for the full year is computed using the weighted-average number of shares outstanding during the year. Thus, the sum of the four quarters earnings per share may not equal the full year earnings per share.
[5] See Note 12, "COMMITMENTS AND CONTINGENCIES," for additional information.
[6] Distribution segment EBIT included gains on the fair value adjustment resulting from the acquisition of controlling interests in North American distributors of $15 million, $18 million and $73 million for the years ended December 31, 2016, 2015 and 2014, respectively. See Note 18, "ACQUISITIONS," for additional information.
[7] See Note 19, "IMPAIRMENT OF LIGHT-DUTY DIESEL ASSETS," for additional information.
[8] See Note 20, "RESTRUCTURING ACTIONS AND OTHER CHARGES," for additional information.