v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 28, 2025
Jun. 29, 2024
Cash flows from operating activities    
Income from continuing operations $ 452 $ 461
Non-cash items:    
Depreciation and amortization 192 178
Deferred income taxes (22) (34)
Gain on business disposition (4) 0
Other, net 73 61
Changes in assets and liabilities:    
Accounts receivable, net 54 10
Inventories (284) (467)
Other assets (70) 167
Accounts payable 163 107
Other liabilities (200) (46)
Income taxes, net 46 10
Pension, net (117) (112)
Captive finance receivables, net (26) 7
Other operating activities, net 7 19
Net cash provided by operating activities of continuing operations 264 361
Net cash used in operating activities of discontinued operations (1) (1)
Net cash provided by operating activities 263 360
Cash flows from investing activities    
Capital expenditures (134) (140)
Net proceeds from corporate-owned life insurance policies 57 26
Net proceeds from business disposition 16 0
Proceeds from sale of property, plant and equipment 9 3
Net cash used in business acquisitions (1) (13)
Finance receivables repaid 17 31
Finance receivables originated (21) (18)
Proceeds from the disposition of leveraged leases 59 0
Other investing activities, net 15 0
Net cash provided by (used in) investing activities 17 (111)
Cash flows from financing activities    
Proceeds from issuance of debt 495 0
Principal payments on long-term debt and nonrecourse debt (364) (374)
Purchases of Textron common stock (429) (675)
Proceeds from options exercised 10 73
Dividends paid (7) (8)
Other financing activities, net (15) (25)
Net cash used in financing activities (310) (1,009)
Effect of exchange rate changes on cash and equivalents 23 (10)
Net increase (decrease) in cash and equivalents (7) (770)
Cash and equivalents at beginning of period 1,441 2,181
Cash and equivalents at end of period $ 1,434 $ 1,411