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Consolidated Statements of Cash Flows - Manufacturing Group and Finance Group - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Cash flows from operating activities      
Income from continuing operations $ 862 $ 747 $ 309
Non-cash items:      
Depreciation and amortization 397 390 391
Deferred income taxes (220) 23 (7)
Asset impairments and TRU inventory charge 2 13 116
Gain on business disposition 0 (17) 0
Other, net 94 88 79
Changes in assets and liabilities:      
Accounts receivable, net (26) (58) 149
Inventories (55) 45 434
Other assets 35 (112) 66
Accounts payable 235 13 (613)
Other liabilities 270 405 (5)
Income taxes, net 18 11 (62)
Pension, net (165) (82) (15)
Other operating activities, net 8 2 16
Net cash provided by (used in) operating activities of continuing operations 1,490 1,599 769
Net cash used in operating activities of discontinued operations (2) (1) (1)
Net cash provided by (used in) operating activities 1,488 1,598 768
Cash flows from investing activities      
Capital expenditures (354) (375) (317)
Net cash used in acquisitions (202) 0 (15)
Net proceeds (payments) from corporate-owned life insurance policies 23 (2) 22
Proceeds from sale of property, plant and equipment and an insurance recovery 22 3 33
Net proceeds from business disposition 0 38 0
Finance receivables repaid 20 19 22
Other investing activities, net 44 36 7
Net cash used in investing activities (447) (281) (248)
Cash flows from financing activities      
Net proceeds from long-term debt 0 0 1,137
Principal payments on long-term debt and nonrecourse debt (234) (621) (593)
Proceeds from borrowings against corporate-owned life insurance policies 0 0 377
Payments on borrowings against corporate-owned life insurance policies 0 0 (377)
Purchases of Textron common stock (867) (921) (183)
Proceeds from exercise of stock options 44 116 22
Dividends paid (17) (18) (18)
Other financing activities, net (3) (1) (5)
Net cash provided by (used in) financing activities (1,091) (1,446) 360
Effect of exchange rate changes on cash and equivalents (32) (8) 17
Net increase (decrease) in cash and equivalents (82) (137) 897
Cash and equivalents at beginning of year 2,117 2,254 1,357
Cash and equivalents at end of year 2,035 2,117 2,254
Decrease in short-term debt (14) (1) 0
Manufacturing group      
Cash flows from operating activities      
Income from continuing operations 835 740 301
Non-cash items:      
Depreciation and amortization 396 380 386
Deferred income taxes (200) 27 (2)
Asset impairments and TRU inventory charge 2 13 116
Gain on business disposition 0 (17) 0
Other, net 103 97 69
Changes in assets and liabilities:      
Accounts receivable, net (26) (58) 149
Inventories (55) 45 434
Other assets 34 (111) 68
Accounts payable 235 13 (613)
Other liabilities 277 404 (15)
Income taxes, net 18 16 (61)
Pension, net (165) (82) (15)
Other operating activities, net 7 2 16
Net cash provided by (used in) operating activities of continuing operations 1,461 1,469 833
Net cash used in operating activities of discontinued operations (2) (1) (1)
Net cash provided by (used in) operating activities 1,459 1,468 832
Cash flows from investing activities      
Capital expenditures (354) (375) (317)
Net cash used in acquisitions (202) 0 (15)
Net proceeds (payments) from corporate-owned life insurance policies 23 (2) 22
Proceeds from sale of property, plant and equipment and an insurance recovery 22 3 33
Net proceeds from business disposition 0 38 0
Finance receivables repaid 0 0 0
Finance receivables originated 0 0 0
Other investing activities, net 0 1 0
Net cash used in investing activities (511) (335) (277)
Cash flows from financing activities      
Net proceeds from long-term debt 0 0 1,137
Principal payments on long-term debt and nonrecourse debt (18) (524) (548)
Proceeds from borrowings against corporate-owned life insurance policies 0 0 377
Payments on borrowings against corporate-owned life insurance policies 0 0 (377)
Purchases of Textron common stock (867) (921) (183)
Proceeds from exercise of stock options 44 116 22
Dividends paid (17) (18) (18)
Other financing activities, net (3) (1) (17)
Net cash provided by (used in) financing activities (875) (1,349) 393
Effect of exchange rate changes on cash and equivalents (32) (8) 17
Net increase (decrease) in cash and equivalents 41 (224) 965
Cash and equivalents at beginning of year 1,922 2,146 1,181
Cash and equivalents at end of year 1,963 1,922 2,146
Decrease in short-term debt (14) (1) 0
Finance group      
Cash flows from operating activities      
Income from continuing operations 27 7 8
Non-cash items:      
Depreciation and amortization 1 10 5
Deferred income taxes (20) (4) (5)
Asset impairments and TRU inventory charge 0 0 0
Gain on business disposition 0 0 0
Other, net (9) (9) 10
Changes in assets and liabilities:      
Accounts receivable, net 0 0 0
Inventories 0 0 0
Other assets 1 (1) (2)
Accounts payable 0 0 0
Other liabilities (7) 1 (2)
Income taxes, net 0 (5) (1)
Pension, net 0 0 0
Other operating activities, net 0 0 0
Net cash provided by (used in) operating activities of continuing operations (7) (1) 13
Net cash used in operating activities of discontinued operations 0 0 0
Net cash provided by (used in) operating activities (7) (1) 13
Cash flows from investing activities      
Capital expenditures 0 0 0
Net cash used in acquisitions 0 0 0
Net proceeds (payments) from corporate-owned life insurance policies 0 0 0
Proceeds from sale of property, plant and equipment and an insurance recovery 0 0 0
Net proceeds from business disposition 0 0 0
Finance receivables repaid 147 250 128
Finance receivables originated (92) (100) (195)
Other investing activities, net 45 35 19
Net cash used in investing activities 100 185 (48)
Cash flows from financing activities      
Net proceeds from long-term debt 0 0 0
Principal payments on long-term debt and nonrecourse debt (216) (97) (45)
Proceeds from borrowings against corporate-owned life insurance policies 0 0 0
Payments on borrowings against corporate-owned life insurance policies 0 0 0
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 12
Net cash provided by (used in) financing activities (216) (97) (33)
Effect of exchange rate changes on cash and equivalents 0 0 0
Net increase (decrease) in cash and equivalents (123) 87 (68)
Cash and equivalents at beginning of year 195 108 176
Cash and equivalents at end of year 72 195 108
Decrease in short-term debt $ 0 $ 0 $ 0