v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jul. 04, 2026
Jun. 28, 2025
Cash flows from operating activities    
Net income $ 468 $ 452
Non-cash items:    
Depreciation and amortization 190 192
Deferred income taxes 82 (22)
Gain on business disposition 0 (4)
Other, net 69 73
Changes in assets and liabilities:    
Accounts receivable, net (96) 54
Inventories (446) (284)
Other assets (29) (70)
Accounts payable 93 163
Other liabilities (88) (200)
Income taxes, net 20 46
Pension, net (121) (117)
Captive finance receivables, net 46 (26)
Other operating activities, net (1) 7
Net cash provided by operating activities of continuing operations 187 264
Net cash used in operating activities of discontinued operations 0 (1)
Net cash provided by operating activities 187 263
Cash flows from investing activities    
Capital expenditures (228) (134)
Net proceeds from corporate-owned life insurance policies 3 57
Net proceeds from business disposition 0 16
Proceeds from sale of property, plant and equipment 6 9
Finance receivables repaid 13 17
Finance receivables originated (15) (21)
Proceeds from the disposition of non-captive assets 24 59
Other investing activities, net 4 14
Net cash provided by (used in) investing activities (193) 17
Cash flows from financing activities    
Proceeds from issuance of debt 0 495
Principal payments on long-term debt and nonrecourse debt (75) (364)
Purchases of Textron common stock (377) (429)
Proceeds from stock options exercised 61 10
Dividends paid (7) (7)
Other financing activities, net (11) (15)
Net cash used in financing activities (409) (310)
Effect of exchange rate changes on cash and equivalents (4) 23
Net increase (decrease) in cash and equivalents (419) (7)
Cash and equivalents at beginning of period 2,025 1,441
Cash and equivalents at end of period $ 1,606 $ 1,434