v3.26.3
Consolidated Statements of Cash Flows (Unaudited) - Manufacturing Group and Finance Group - USD ($)
$ in Millions
 9 Months Ended
Oct. 03, 2026
Sep. 27, 2025
Cash flows from operating activities    
Net income $ 738 $ 686
Less: Loss from discontinued operations 0 (1)
Income from continuing operations 738 687
Non-cash items:    
Depreciation and amortization 291 289
Deferred income taxes 92 124
Gain on business disposition 0 (4)
Other, net 104 101
Changes in assets and liabilities:    
Accounts receivable, net (85) (126)
Inventories (563) (437)
Other assets 34 (5)
Accounts payable 165 262
Other liabilities (1) (46)
Income taxes, net 49 (39)
Pension, net (181) (174)
Other operating activities, net (1) 11
Net cash provided by operating activities of continuing operations 613 613
Net cash used in operating activities of discontinued operations (1) (1)
Net cash provided by operating activities 612 612
Cash flows from investing activities    
Capital expenditures (330) (210)
Net proceeds from corporate-owned life insurance policies 7 77
Net proceeds from business disposition 0 16
Proceeds from sale of property, plant and equipment 6 9
Finance receivables repaid 19 22
Finance receivables originated (19) (40)
Proceeds from the disposition of non-captive assets 24 66
Other investing activities, net 4 15
Net cash provided by (used in) investing activities (289) (45)
Cash flows from financing activities    
Proceeds from issuance of debt 0 495
Principal payments on long-term debt and nonrecourse debt (76) (367)
Purchases of Textron common stock (616) (635)
Proceeds from stock options exercised 65 25
Dividends paid (10) (11)
Other financing activities, net (11) (14)
Net cash used in financing activities (648) (507)
Effect of exchange rate changes on cash and equivalents (4) 21
Net increase (decrease) in cash and equivalents (329) 81
Cash and equivalents at beginning of period 2,025 1,441
Cash and equivalents at end of period 1,696 1,522
Manufacturing group    
Cash flows from operating activities    
Net income 716 654
Less: Loss from discontinued operations 0 (1)
Income from continuing operations 716 655
Non-cash items:    
Depreciation and amortization 291 289
Deferred income taxes 100 144
Gain on business disposition 0 (4)
Other, net 109 101
Changes in assets and liabilities:    
Accounts receivable, net (85) (126)
Inventories (563) (437)
Other assets 34 (4)
Accounts payable 165 262
Other liabilities 3 (37)
Income taxes, net 52 (51)
Pension, net (181) (174)
Other operating activities, net (1) 11
Net cash provided by operating activities of continuing operations 640 629
Net cash used in operating activities of discontinued operations (1) (1)
Net cash provided by operating activities 639 628
Cash flows from investing activities    
Capital expenditures (330) (210)
Net proceeds from corporate-owned life insurance policies 7 77
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 (317) (94)
Cash flows from financing activities    
Proceeds from issuance of debt 0 495
Principal payments on long-term debt and nonrecourse debt (76) (355)
Purchases of Textron common stock (616) (635)
Proceeds from stock options exercised 65 25
Dividends paid (10) (11)
Other financing activities, net (11) (14)
Net cash used in financing activities (648) (495)
Effect of exchange rate changes on cash and equivalents (4) 21
Net increase (decrease) in cash and equivalents (330) 60
Cash and equivalents at beginning of period 1,940 1,386
Cash and equivalents at end of period 1,610 1,446
Finance group    
Cash flows from operating activities    
Net income 22 32
Less: Loss from discontinued operations 0 0
Income from continuing operations 22 32
Non-cash items:    
Depreciation and amortization 0 0
Deferred income taxes (8) (20)
Gain on business disposition 0 0
Other, net (5) 0
Changes in assets and liabilities:    
Accounts receivable, net 0 0
Inventories 0 0
Other assets 0 (1)
Accounts payable 0 0
Other liabilities (4) (9)
Income taxes, net (3) 12
Pension, net 0 0
Other operating activities, net 0 0
Net cash provided by operating activities of continuing operations 2 14
Net cash used in operating activities of discontinued operations 0 0
Net cash provided by operating activities 2 14
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 154 119
Finance receivables originated (183) (167)
Proceeds from the disposition of non-captive assets 24 66
Other investing activities, net 4 1
Net cash provided by (used in) investing activities (1) 19
Cash flows from financing activities    
Proceeds from issuance of debt 0 0
Principal payments on long-term debt and nonrecourse debt 0 (12)
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 (12)
Effect of exchange rate changes on cash and equivalents 0 0
Net increase (decrease) in cash and equivalents 1 21
Cash and equivalents at beginning of period 85 55
Cash and equivalents at end of period $ 86 $ 76