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Special Charges
 12 Months Ended
Dec. 30, 2023
Restructuring and Related Activities [Abstract]  
Special Charges Special Charges
Special charges recorded in 2023 and 2021 by segment and type of cost are as follows:
(In millions)Severance
Costs		Contract
Terminations
and Other		Asset
Impairments		Total Restructuring Charges
2023
Industrial$21 $— $87 $108 
Bell13 — — 13 
Textron Systems5 — — 5 
Total special charges$39 $— $87 $126 
2021
Industrial$4 $9 $12 $25 
Total special charges$4 $9 $12 $25 
2023 Special Charges
In the fourth quarter of 2023, our Board of Directors approved a restructuring plan developed by management in connection with the Company’s annual operating plan process. The plan will reduce operating expenses through headcount reductions at the Industrial, Bell and Textron Systems segments. In the Industrial segment, the plan included headcount reductions at Textron Specialized Vehicles, resulting from lower demand for certain of our powersports products which we anticipate will continue, and at Kautex, due to reduced demand for fuel systems from European automotive manufacturers. In both the Bell and Textron Systems segments, the plan included targeted headcount reductions to improve the segments’ cost structures and realign their workforces as these segments transition from legacy production contracts to more development, engineering focused contracts. We recorded severance cost of $39 million related to this plan and expect a reduction of approximately 725 positions, representing 2% of our global workforce. We anticipate that this plan will be substantially completed in the first half of 2024.
As a result of lower demand described above, we recognized asset impairment charges of $75 million at Textron Specialized Vehicles related to both fixed and intangible assets and $12 million of fixed asset impairment charges at Kautex. The fair value of these assets was determined utilizing a discounted cash flow methodology that reflected the impact of lower anticipated demand for the powersports and fuel systems products on future revenues and profit.
2021 Special Charges
In 2020, we initiated a restructuring plan to reduce operating expenses through headcount reductions, facility consolidations and other actions in response to the economic challenges and uncertainty resulting from the COVID-19 pandemic. Upon completion of this plan, we recorded total charges of $133 million, of which $25 million was incurred in 2021 at the Industrial segment.
Restructuring Reserve
Our restructuring reserve activity is summarized below:
(In millions)Severance
Costs		Contract
Terminations
and Other		Total
Balance at January 1, 2022$19 $9 $28 
Cash paid(13)(2)(15)
Foreign currency translation(1)— (1)
Balance at December 31, 2022$5 $7 $12 
Provision for 2023 restructuring plan39 — 39 
Cash paid(3)(2)(5)
Foreign currency translation1 — 1 
Balance at December 30, 2023$42 $5 $47 
The majority of the remaining cash outlays is expected to be paid in 2024.