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Goodwill and Intangible Assets
12 Months Ended
Dec. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The changes in the carrying amount of goodwill by segment are as follows:
(In millions)Textron
Aviation
BellTextron
Systems
IndustrialTextron eAviationTotal
Balance at December 31, 2022$633 $37 $1,010 $465 $138 $2,283 
Foreign currency translation— — — 12 
Balance at December 30, 2023633 37 1,010 470 145 2,295 
Acquisitions— — — — 10 10 
Foreign currency translation(1)— — (7)(9)(17)
Balance at December 28, 2024$632 $37 $1,010 $463 $146 $2,288 
Intangible Assets
Our intangible assets are summarized below:
December 28, 2024December 30, 2023
(Dollars in millions)Weighted-Average
Amortization
Period (in years)
Gross
Carrying
Amount
Accumulated
Amortization
NetGross
Carrying
Amount
Accumulated
Amortization
Net
Trade names and trademarks18$199 $(11)$188 $200 $(9)$191 
Patents and technology15509 (360)149 510 (333)177 
Customer relationships and
   contractual agreements
15356 (331)25 357 (326)31 
Total$1,064 $(702)$362 $1,067 $(668)$399 
Trade names and trademarks in the table above include $169 million of indefinite-lived intangible assets at both December 28, 2024 and December 30, 2023. Amortization expense totaled $34 million, $39 million and $52 million, in 2024, 2023 and 2022, respectively. Amortization expense is estimated to be approximately $32 million, $29 million, $27 million, $26 million and $25 million in 2025, 2026, 2027, 2028 and 2029, respectively.