XML 27 R10.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Cash Flows - Manufacturing Group and Finance Group - USD ($)
$ in Millions
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Cash flows from operating activities      
Income from continuing operations $ 922 $ 862 $ 747
Non-cash items:      
Depreciation and amortization 395 397 390
Deferred income taxes (192) (220) 23
Asset impairments 88 2 13
Gain on business disposition 0 0 (17)
Other, net 90 94 88
Changes in assets and liabilities:      
Accounts receivable, net (9) (26) (58)
Inventories (359) (55) 45
Other assets 267 35 (112)
Accounts payable 2 235 13
Other liabilities 276 270 405
Income taxes, net 4 18 11
Pension, net (202) (165) (82)
Other operating activities, net 2 8 2
Net cash provided by (used in) operating activities of continuing operations 1,267 1,490 1,599
Net cash used in operating activities of discontinued operations (1) (2) (1)
Net cash provided by (used in) operating activities 1,266 1,488 1,598
Cash flows from investing activities      
Capital expenditures (402) (354) (375)
Net cash used in acquisitions (1) (202) 0
Net proceeds (payments) from corporate-owned life insurance policies 40 23 (2)
Proceeds from sale of property, plant and equipment and an insurance recovery 18 22 3
Net proceeds from business disposition 0 0 38
Finance receivables repaid 26 20 19
Other investing activities, net 2 44 36
Net cash provided by (used in) investing activities (317) (447) (281)
Cash flows from financing activities      
Net proceeds from long-term debt 348 0 0
Principal payments on long-term debt and nonrecourse debt (44) (234) (621)
Purchases of Textron common stock (1,168) (867) (921)
Proceeds from exercise of stock options 73 44 116
Dividends paid (16) (17) (18)
Other financing activities, net (6) (3) (1)
Net cash used in financing activities (813) (1,091) (1,446)
Effect of exchange rate changes on cash and equivalents 10 (32) (8)
Net increase (decrease) in cash and equivalents 146 (82) (137)
Cash and equivalents at beginning of year 2,035 2,117 2,254
Cash and equivalents at end of year 2,181 2,035 2,117
Decrease in short-term debt 0 (14) (1)
Manufacturing group      
Cash flows from operating activities      
Income from continuing operations 884 835 740
Non-cash items:      
Depreciation and amortization 395 396 380
Deferred income taxes (188) (200) 27
Asset impairments 88 2 13
Gain on business disposition 0 0 (17)
Other, net 110 103 97
Changes in assets and liabilities:      
Accounts receivable, net (9) (26) (58)
Inventories (359) (55) 45
Other assets 261 34 (111)
Accounts payable 2 235 13
Other liabilities 281 277 404
Income taxes, net 5 18 16
Pension, net (202) (165) (82)
Other operating activities, net 2 7 2
Net cash provided by (used in) operating activities of continuing operations 1,270 1,461 1,469
Net cash used in operating activities of discontinued operations (1) (2) (1)
Net cash provided by (used in) operating activities 1,269 1,459 1,468
Cash flows from investing activities      
Capital expenditures (402) (354) (375)
Net cash used in acquisitions (1) (202) 0
Net proceeds (payments) from corporate-owned life insurance policies 40 23 (2)
Proceeds from sale of property, plant and equipment and an insurance recovery 18 22 3
Net proceeds from business disposition 0 0 38
Finance receivables repaid 0 0 0
Finance receivables originated 0 0 0
Other investing activities, net 0 0 1
Net cash provided by (used in) investing activities (345) (511) (335)
Cash flows from financing activities      
Net proceeds from long-term debt 348 0 0
Principal payments on long-term debt and nonrecourse debt (7) (18) (524)
Purchases of Textron common stock (1,168) (867) (921)
Proceeds from exercise of stock options 73 44 116
Dividends paid (16) (17) (18)
Other financing activities, net (6) (3) (1)
Net cash used in financing activities (776) (875) (1,349)
Effect of exchange rate changes on cash and equivalents 10 (32) (8)
Net increase (decrease) in cash and equivalents 158 41 (224)
Cash and equivalents at beginning of year 1,963 1,922 2,146
Cash and equivalents at end of year 2,121 1,963 1,922
Decrease in short-term debt 0 (14) (1)
Finance group      
Cash flows from operating activities      
Income from continuing operations 38 27 7
Non-cash items:      
Depreciation and amortization 0 1 10
Deferred income taxes (4) (20) (4)
Asset impairments 0 0 0
Gain on business disposition 0 0 0
Other, net (20) (9) (9)
Changes in assets and liabilities:      
Accounts receivable, net 0 0 0
Inventories 0 0 0
Other assets 6 1 (1)
Accounts payable 0 0 0
Other liabilities (5) (7) 1
Income taxes, net (1) 0 (5)
Pension, net 0 0 0
Other operating activities, net 0 0 0
Net cash provided by (used in) operating activities of continuing operations 14 (7) (1)
Net cash used in operating activities of discontinued operations 0 0 0
Net cash provided by (used in) operating activities 14 (7) (1)
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 169 147 250
Finance receivables originated (160) (92) (100)
Other investing activities, net 2 45 35
Net cash provided by (used in) investing activities 11 100 185
Cash flows from financing activities      
Net proceeds from long-term debt 0 0 0
Principal payments on long-term debt and nonrecourse debt (37) (216) (97)
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 (37) (216) (97)
Effect of exchange rate changes on cash and equivalents 0 0 0
Net increase (decrease) in cash and equivalents (12) (123) 87
Cash and equivalents at beginning of year 72 195 108
Cash and equivalents at end of year 60 72 195
Decrease in short-term debt $ 0 $ 0 $ 0