v3.25.4
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Jan. 03, 2026
Dec. 28, 2024
Dec. 30, 2023
Revenues      
Total revenues $ 14,799 $ 13,702 $ 13,683
Costs, expenses and other      
Research and development costs 521 491 570
Selling and administrative expense 1,173 1,156 1,225
Interest expense, net 126 97 77
Special charges 4 78 126
Non-service components of pension and postretirement income, net (266) (263) (237)
Total costs, expenses and other 13,662 12,759 12,596
Income from continuing operations before income taxes 1,137 943 1,087
Income tax expense 214 118 165
Income from continuing operations 923 825 922
Loss from discontinued operations (2) (1) (1)
Net income $ 921 $ 824 $ 921
Basic earnings per share      
Continuing operations (in dollars per share) $ 5.16 $ 4.38 $ 4.62
Discontinued operations (in dollars per share) (0.01) 0 (0.01)
Basic earnings per share (in dollars per share) 5.15 4.38 4.61
Diluted earnings per share      
Continuing operations (in dollars per share) 5.12 4.34 4.57
Discontinued operations (in dollars per share) (0.01) (0.01) (0.01)
Diluted earnings per share (in dollars per share) $ 5.11 $ 4.33 $ 4.56
Manufacturing group      
Costs, expenses and other      
Income from continuing operations $ 878 $ 796 $ 884
Finance group      
Revenues      
Total revenues 75 50 55
Costs, expenses and other      
Income from continuing operations 45 29 38
Product      
Costs, expenses and other      
Total cost of sales 10,608 9,403 9,206
Product | Manufacturing group      
Revenues      
Total revenues 12,732 11,375 11,573
Service      
Costs, expenses and other      
Total cost of sales 1,496 1,797 1,629
Service | Manufacturing group      
Revenues      
Total revenues $ 1,992 $ 2,277 $ 2,055