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Shareholders' Equity (Tables)

12 Months Ended

Dec. 29, 2012

Shareholders' Equity

(In thousands)		2012		2011		2010
Beginning balance		278,873		275,739		272,272
Exercise of stock options		1,159		177		336
Issued to Textron Savings Plan		2,159		2,686		2,682
Stock repurchases		(11,103)		—		—
Other		175		271		449
Ending balance		271,263		278,873		275,739

Weighted-average shares outstanding for basic and diluted earnings


(In thousands)		2012		2011		2010
Basic weighted-average shares outstanding		280,182		277,684		274,452
Dilutive effect of:
Convertible notes and warrants		14,053		28,869		27,450
Stock options and restricted stock units		428		702		653
Diluted weighted-average shares outstanding		294,663		307,255		302,555

Other Comprehensive Income (Loss)

(In millions)		Pre-Tax Amount			Tax (Expense) Benefit			After-Tax Amount
2012
Pension adjustments:
Recognition of prior service cost		$	2		$	(1)		$	1
Unrealized losses		(417)			186			(231		)
Amortization of prior service cost/unrealized losses included in net periodic pension cost		129			(45)			84
Pension adjustments, net		(286)			140			(146		)
Deferred gains/losses on hedge contracts:
Current deferrals		14			(3)			11
Reclassification adjustments included in net income		(15)			3			(12		)
Deferred gains/losses on hedge contracts, net		(1)			—			(1		)
Foreign currency translation adjustment		(6)			8			2
Total		$	(293)		$	148		$	(145	)
2011
Pension adjustments:
Recognition of prior service cost		$	15		$	(5)		$	10
Unrealized losses		(542)			182			(360		)
Amortization of prior service cost/unrealized losses included in net periodic pension cost		97			(33)			64
Pension adjustments, net		(430)			144			(286		)
Deferred gains/losses on hedge contracts:
Current deferrals		(7)			2			(5		)
Reclassification adjustments included in net income		(22)			7			(15		)
Deferred gains/losses on hedge contracts, net		(29)			9			(20		)
Foreign currency translation adjustment		(1)			(2)			(3		)
Total		$	(460)		$	151		$	(309	)
2010
Pension adjustments:
Recognition of prior service cost		$	11		$	(4)		$	7
Unrealized losses		(197)			78			(119		)
Amortization of prior service cost/unrealized losses included in net periodic pension cost		63			(22)			41
Pension adjustments, net		(123)			52			(71		)
Deferred gains on hedge contracts
Current deferrals		17			(3)			14
Reclassification adjustments included in net income		(14)			4			(10		)
Deferred gains/losses on hedge contracts, net		3			1			4
Recognition of foreign currency translation loss (see Note 11)		91			(17)			74
Foreign currency translation adjustment		44			(46)			(2		)
Total		$	15		$	(10)		$	5

Accumulated Other Comprehensive Loss

(In millions)		Foreign Currency Translation Adjustment			Pension and Post Retirement Benefit Adjustments			Deferred Gains (Losses) on Hedge Contracts			Accumulated Other Comprehensive Loss
Balance at January 1, 2011		$	82		$	(1,425)		$	27		$	(1,316)
Current period other comprehensive loss		(3		)	(286)			(20)			(309)
Balance at December 31, 2011		79			(1,711)			7			(1,625)
Current period other comprehensive income (loss)		2			(146)			(1)			(145)
Balance at December 29, 2012		$	81		$	(1,857)		$	6		$	(1,770)

Tabular disclosure of components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

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