Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Cash flows from operating activities
Net income	$ 191	$ 193
Non-cash items:
Depreciation and amortization	92	93
Deferred income taxes	(32)	(52)
Other, net	39	36
Changes in assets and liabilities:
Accounts receivable, net	(69)	37
Inventories	(380)	(176)
Other assets	128	(4)
Accounts payable	261	38
Other liabilities	(74)	26
Income taxes, net	50	71
Pension, net	(51)	(41)
Captive finance receivables, net	6	18
Other operating activities, net	2	2
Net cash provided by (used in) operating activities	163	241
Cash flows from investing activities
Capital expenditures	(62)	(48)
Net proceeds from corporate-owned life insurance policies	20	2
Proceeds from sale of property, plant and equipment	0	18
Finance receivables repaid	12	13
Other investing activities, net	1	43
Net cash provided by (used in) investing activities	(29)	28
Cash flows from financing activities
Principal payments on long-term debt and nonrecourse debt	(17)	(121)
Purchases of Textron common stock	(377)	(157)
Dividends paid	(4)	(5)
Proceeds from options exercised	27	28
Other financing activities, net	(5)	(3)
Net cash used in financing activities	(376)	(258)
Effect of exchange rate changes on cash and equivalents	6	(2)
Net increase (decrease) in cash and equivalents	(236)	9
Cash and equivalents at beginning of period	2,035	2,117
Cash and equivalents at end of period	$ 1,799	$ 2,126