v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - Manufacturing Group and Finance Group - 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)
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
Manufacturing group    
Cash flows from operating activities    
Income from continuing operations 435 441
Non-cash items:    
Depreciation and amortization 192 178
Deferred income taxes (3) (34)
Gain on business disposition (4) 0
Other, net 73 73
Changes in assets and liabilities:    
Accounts receivable, net 54 10
Inventories (284) (467)
Other assets (69) 168
Accounts payable 163 107
Other liabilities (195) (42)
Income taxes, net 29 12
Pension, net (117) (112)
Other operating activities, net 7 19
Net cash provided by operating activities of continuing operations 281 353
Net cash used in operating activities of discontinued operations (1) (1)
Net cash provided by operating activities 280 352
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 0 0
Finance receivables originated 0 0
Proceeds from the disposition of leveraged leases 0 0
Other investing activities, net 15 0
Net cash provided by (used in) investing activities (38) (124)
Cash flows from financing activities    
Proceeds from issuance of debt 495 0
Principal payments on long-term debt and nonrecourse debt (353) (359)
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 (299) (994)
Effect of exchange rate changes on cash and equivalents 23 (10)
Net increase (decrease) in cash and equivalents (34) (776)
Cash and equivalents at beginning of period 1,386 2,121
Cash and equivalents at end of period 1,352 1,345
Finance group    
Cash flows from operating activities    
Income from continuing operations 17 20
Non-cash items:    
Depreciation and amortization 0 0
Deferred income taxes (19) 0
Gain on business disposition 0 0
Other, net 0 (12)
Changes in assets and liabilities:    
Accounts receivable, net 0 0
Inventories 0 0
Other assets (1) (1)
Accounts payable 0 0
Other liabilities (5) (4)
Income taxes, net 17 (2)
Pension, net 0 0
Other operating activities, net 0 0
Net cash provided by operating activities of continuing operations 9 1
Net cash used in operating activities of discontinued operations 0 0
Net cash provided by operating activities 9 1
Cash flows from investing activities    
Capital expenditures 0 0
Net proceeds from corporate-owned life insurance policies 0 0
Net proceeds from business disposition 0 0
Proceeds from sale of property, plant and equipment 0 0
Net cash used in business acquisitions 0 0
Finance receivables repaid 81 78
Finance receivables originated (111) (58)
Proceeds from the disposition of leveraged leases 59 0
Other investing activities, net 0 0
Net cash provided by (used in) investing activities 29 20
Cash flows from financing activities    
Proceeds from issuance of debt 0 0
Principal payments on long-term debt and nonrecourse debt (11) (15)
Purchases of Textron common stock 0 0
Proceeds from options exercised 0 0
Dividends paid 0 0
Other financing activities, net 0 0
Net cash used in financing activities (11) (15)
Effect of exchange rate changes on cash and equivalents 0 0
Net increase (decrease) in cash and equivalents 27 6
Cash and equivalents at beginning of period 55 60
Cash and equivalents at end of period $ 82 $ 66