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Consolidated Statements of Cash Flows - Manufacturing Group and Finance Group - USD ($)
$ in Millions
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Cash flows from operating activities      
Income from continuing operations $ 825 $ 922 $ 862
Non-cash items:      
Depreciation and amortization 382 395 397
Deferred income taxes (48) (192) (220)
Asset impairments and powersports inventory charge 41 88 2
Other, net 102 90 94
Changes in assets and liabilities:      
Accounts receivable, net (96) (9) (26)
Inventories (194) (359) (55)
Other assets 205 267 35
Accounts payable (69) 2 235
Other liabilities 95 276 270
Income taxes, net (26) 4 18
Pension, net (225) (202) (165)
Other operating activities, net 24 2 8
Net cash provided by (used in) operating activities of continuing operations 1,015 1,267 1,490
Net cash used in operating activities of discontinued operations (1) (1) (2)
Net cash provided by (used in) operating activities 1,014 1,266 1,488
Cash flows from investing activities      
Capital expenditures (364) (402) (354)
Net cash used in business acquisitions (13) (1) (202)
Net proceeds from corporate-owned life insurance policies 85 40 23
Proceeds from sale of property, plant and equipment 4 18 22
Finance receivables repaid 25 26 20
Finance receivables originated (21) 0 0
Other investing activities, net 0 2 44
Net cash provided by (used in) investing activities (284) (317) (447)
Cash flows from financing activities      
Decrease in short-term debt (1) 0 (14)
Net proceeds from long-term debt 0 348 0
Principal payments on long-term debt and nonrecourse debt (377) (44) (234)
Purchases of Textron common stock (1,122) (1,168) (867)
Proceeds from exercise of stock options 88 73 44
Dividends paid (12) (16) (17)
Other financing activities, net (30) (6) (3)
Net cash used in financing activities (1,454) (813) (1,091)
Effect of exchange rate changes on cash and equivalents (16) 10 (32)
Net increase (decrease) in cash and equivalents (740) 146 (82)
Cash and equivalents at beginning of year 2,181 2,035 2,117
Cash and equivalents at end of year 1,441 2,181 2,035
Manufacturing group      
Cash flows from operating activities      
Income from continuing operations 796 884 835
Non-cash items:      
Depreciation and amortization 382 395 396
Deferred income taxes (46) (188) (200)
Asset impairments and powersports inventory charge 41 88 2
Other, net 115 110 103
Changes in assets and liabilities:      
Accounts receivable, net (96) (9) (26)
Inventories (194) (359) (55)
Other assets 205 261 34
Accounts payable (69) 2 235
Other liabilities 100 281 277
Income taxes, net (25) 5 18
Pension, net (225) (202) (165)
Other operating activities, net 24 2 7
Net cash provided by (used in) operating activities of continuing operations 1,008 1,270 1,461
Net cash used in operating activities of discontinued operations (1) (1) (2)
Net cash provided by (used in) operating activities 1,007 1,269 1,459
Cash flows from investing activities      
Capital expenditures (364) (402) (354)
Net cash used in business acquisitions (13) (1) (202)
Net proceeds from corporate-owned life insurance policies 85 40 23
Proceeds from sale of property, plant and equipment 4 18 22
Finance receivables repaid 0 0 0
Finance receivables originated 0 0 0
Other investing activities, net 0 0 0
Net cash provided by (used in) investing activities (288) (345) (511)
Cash flows from financing activities      
Decrease in short-term debt (1) 0 (14)
Net proceeds from long-term debt 0 348 0
Principal payments on long-term debt and nonrecourse debt (361) (7) (18)
Purchases of Textron common stock (1,122) (1,168) (867)
Proceeds from exercise of stock options 88 73 44
Dividends paid (12) (16) (17)
Other financing activities, net (30) (6) (3)
Net cash used in financing activities (1,438) (776) (875)
Effect of exchange rate changes on cash and equivalents (16) 10 (32)
Net increase (decrease) in cash and equivalents (735) 158 41
Cash and equivalents at beginning of year 2,121 1,963 1,922
Cash and equivalents at end of year 1,386 2,121 1,963
Finance group      
Cash flows from operating activities      
Income from continuing operations 29 38 27
Non-cash items:      
Depreciation and amortization 0 0 1
Deferred income taxes (2) (4) (20)
Asset impairments and powersports inventory charge 0 0 0
Other, net (13) (20) (9)
Changes in assets and liabilities:      
Accounts receivable, net 0 0 0
Inventories 0 0 0
Other assets 0 6 1
Accounts payable 0 0 0
Other liabilities (5) (5) (7)
Income taxes, net (1) (1) 0
Pension, net 0 0 0
Other operating activities, net 0 0 0
Net cash provided by (used in) operating activities of continuing operations 8 14 (7)
Net cash used in operating activities of discontinued operations 0 0 0
Net cash provided by (used in) operating activities 8 14 (7)
Cash flows from investing activities      
Capital expenditures 0 0 0
Net cash used in business acquisitions 0 0 0
Net proceeds from corporate-owned life insurance policies 0 0 0
Proceeds from sale of property, plant and equipment 0 0 0
Finance receivables repaid 133 169 147
Finance receivables originated (130) (160) (92)
Other investing activities, net 0 2 45
Net cash provided by (used in) investing activities 3 11 100
Cash flows from financing activities      
Decrease in short-term debt 0 0 0
Net proceeds from long-term debt 0 0 0
Principal payments on long-term debt and nonrecourse debt (16) (37) (216)
Purchases of Textron common stock 0 0 0
Proceeds from exercise of stock options 0 0 0
Dividends paid 0 0 0
Other financing activities, net 0 0 0
Net cash used in financing activities (16) (37) (216)
Effect of exchange rate changes on cash and equivalents 0 0 0
Net increase (decrease) in cash and equivalents (5) (12) (123)
Cash and equivalents at beginning of year 60 72 195
Cash and equivalents at end of year $ 55 $ 60 $ 72