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Special Charges

6 Months Ended

Jul. 02, 2011

Note 2: Special Charges

In 2010, special charges included restructuring costs incurred under a restructuring program that was completed at the end of 2010. There were no special charges in the first half of 2011.

Restructuring costs by segment and type for the three and six months ended July 3, 2010 are as follows:


	Severance			Contract
(In millions)	Costs			Terminations		Total

Three Months Ended July 3, 2010

Cessna	$	6		$	—	$	6
Textron Systems		1			—		1
Finance		2			1		3

	$	9		$	1	$	10

Six Months Ended July 3, 2010

Cessna	$	14		$	2	$	16
Bell		1			—		1
Textron Systems		1			—		1
Finance		5			1		6
Corporate		(2	)		—		(2	)

	$	19		$	3	$	22

An analysis of our restructuring reserve activity is summarized below:


	Severance			Contract
(In millions)	Costs			Terminations			Total

Balance at January 1, 2011	$	57		$	5		$	62
Cash paid		(33	)		(1	)		(34	)

Balance at July 2, 2011	$	24		$	4		$	28

- Definition

The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled.

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