Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Apr. 02, 2022	Apr. 03, 2021
Cash flows from operating activities
Net income	$ 193	$ 171
Non-cash items:
Depreciation and amortization	93	90
Deferred income taxes	(52)	11
Gain on business disposition	0	(15)
Other, net	36	38
Changes in assets and liabilities:
Accounts receivable, net	37	(103)
Inventories	(176)	(178)
Other assets	(4)	(17)
Accounts payable	38	259
Other liabilities	26	(105)
Income taxes, net	71	(11)
Pension, net	(41)	(23)
Captive finance receivables, net	18	69
Other operating activities, net	2	(5)
Net cash provided by (used in) operating activities	241	181
Cash flows from investing activities
Capital expenditures	(48)	(53)
Proceeds from sale of property, plant and equipment	18	0
Net proceeds from business disposition	0	39
Finance receivables repaid	13	13
Other investing activities, net	45	6
Net cash provided by (used in) investing activities	28	5
Cash flows from financing activities
Principal payments on long-term debt and nonrecourse debt	(121)	(287)
Purchases of Textron common stock	(157)	(91)
Dividends paid	(5)	(5)
Proceeds from options exercised	28	27
Other financing activities, net	(3)	(3)
Net cash used in financing activities	(258)	(359)
Effect of exchange rate changes on cash and equivalents	(2)	(3)
Net increase (decrease) in cash and equivalents	9	(176)
Cash and equivalents at beginning of period	2,117	2,254
Cash and equivalents at end of period	$ 2,126	$ 2,078