v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - Manufacturing Group and Finance Group - 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)
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
Manufacturing group    
Cash flows from operating activities    
Net income 450 435
Non-cash items:    
Depreciation and amortization 190 192
Deferred income taxes 88 (3)
Gain on business disposition 0 (4)
Other, net 76 73
Changes in assets and liabilities:    
Accounts receivable, net (96) 54
Inventories (446) (284)
Other assets (29) (69)
Accounts payable 93 163
Other liabilities (85) (195)
Income taxes, net 9 29
Pension, net (121) (117)
Other operating activities, net (1) 7
Net cash provided by operating activities of continuing operations 128 281
Net cash used in operating activities of discontinued operations 0 (1)
Net cash provided by operating activities 128 280
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 0 0
Finance receivables originated 0 0
Proceeds from the disposition of non-captive assets 0 0
Other investing activities, net 0 14
Net cash provided by (used in) investing activities (219) (38)
Cash flows from financing activities    
Proceeds from issuance of debt 0 495
Principal payments on long-term debt and nonrecourse debt (75) (353)
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) (299)
Effect of exchange rate changes on cash and equivalents (4) 23
Net increase (decrease) in cash and equivalents (504) (34)
Cash and equivalents at beginning of period 1,940 1,386
Cash and equivalents at end of period 1,436 1,352
Finance group    
Cash flows from operating activities    
Net income 18 17
Non-cash items:    
Depreciation and amortization 0 0
Deferred income taxes (6) (19)
Gain on business disposition 0 0
Other, net (7) 0
Changes in assets and liabilities:    
Accounts receivable, net 0 0
Inventories 0 0
Other assets 0 (1)
Accounts payable 0 0
Other liabilities (3) (5)
Income taxes, net 11 17
Pension, net 0 0
Other operating activities, net 0 0
Net cash provided by operating activities of continuing operations 13 9
Net cash used in operating activities of discontinued operations 0 0
Net cash provided by operating activities 13 9
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
Finance receivables repaid 115 81
Finance receivables originated (71) (111)
Proceeds from the disposition of non-captive assets 24 59
Other investing activities, net 4 0
Net cash provided by (used in) investing activities 72 29
Cash flows from financing activities    
Proceeds from issuance of debt 0 0
Principal payments on long-term debt and nonrecourse debt 0 (11)
Purchases of Textron common stock 0 0
Proceeds from stock options exercised 0 0
Dividends paid 0 0
Other financing activities, net 0 0
Net cash used in financing activities 0 (11)
Effect of exchange rate changes on cash and equivalents 0 0
Net increase (decrease) in cash and equivalents 85 27
Cash and equivalents at beginning of period 85 55
Cash and equivalents at end of period $ 170 $ 82