Shareholders' Equity (Tables)

12 Months Ended

Dec. 28, 2013

Shareholders' Equity

Capital Stock

(In thousands)	2013	2012		2011
Beginning balance	271,263	278,873		275,739
Exercise of stock options	1,333	1,159		177
Issued to Textron Savings Plan	1,921	2,159		2,686
Exercise of warrants	7,435	—		—
Stock repurchases	—	(11,103	)	—
Other	107	175		271
Ending balance	282,059	271,263		278,873

Weighted-average shares outstanding for basic and diluted EPS

(In thousands)	2013	2012	2011
Basic weighted-average shares outstanding	279,299	280,182	277,684
Dilutive effect of:
Convertible notes and warrants	4,801	14,053	28,869
Stock options and restricted stock units	328	428	702
Diluted weighted-average shares outstanding	284,428	294,663	307,255

Schedule of components of accumulated other comprehensive loss

(In millions)	Foreign Currency Translation Adjustments		Pension and Postretirement Benefits Adjustments			Deferred Gains/Losses on Hedge Contracts			Accumulated Other Comprehensive Loss
Balance at December 31, 2011	$	79	$	(1,711	)	$	7		$	(1,625	)
Other comprehensive loss before reclassifications	2		(230		)	11			(217		)
Amounts reclassified from Accumulated Other Comprehensive Loss	—		84			(12		)	72
Other comprehensive loss	2		(146		)	(1		)	(145		)
Balance at December 29, 2012	81		(1,857		)	6			(1,770		)
Other comprehensive income before reclassifications	12		626			(15		)	623
Amounts reclassified from Accumulated Other Comprehensive Loss	—		121			(1		)	120
Other comprehensive income	12		747			(16		)	743
Balance at December 28, 2013	$	93	$	(1,110	)	$	(10	)	$	(1,027	)

Schedule of before and after-tax components of Other Comprehensive Income

(In millions)	Pre-Tax Amount			Tax (Expense) Benefit			After-Tax Amount
2013
Pension and postretirement benefits adjustments:
Unrealized gains	$	1,019		$	(410	)	$	609
Amortization of net actuarial loss*	189			(67		)	122
Amortization of prior service cost*	(2		)	1			(1		)
Recognition of prior service cost	29			(12		)	17
Pension and postretirement benefits adjustments, net	1,235			(488		)	747
Deferred gains/losses on hedge contracts:
Current deferrals	(20		)	5			(15		)
Reclassification adjustments	(1		)	—			(1		)
Deferred gains/losses on hedge contracts, net	(21		)	5			(16		)
Foreign currency translation adjustments	13			(1		)	12
Total	$	1,227		$	(484	)	$	743
2012
Pension and postretirement benefits adjustments:
Unrealized losses	$	(417	)	$	186		$	(231	)
Amortization of net actuarial loss*	124			(43		)	81
Amortization of prior service cost*	5			(2		)	3
Recognition of prior service cost	2			(1		)	1
Pension and postretirement benefits adjustments, net	(286		)	140			(146		)
Deferred gains/losses on hedge contracts:
Current deferrals	14			(3		)	11
Reclassification adjustments	(15		)	3			(12		)
Deferred gains/losses on hedge contracts, net	(1		)	—			(1		)
Foreign currency translation adjustments	(6		)	8			2
Total	$	(293	)	$	148		$	(145	)
2011
Pension and postretirement benefits adjustments:
Unrealized losses	$	(542	)	$	182		$	(360	)
Amortization of net actuarial loss *	89			(30		)	59
Amortization of prior service cost*	8			(3		)	5
Recognition of prior service cost	15			(5		)	10
Pension and postretirement benefits adjustments, net	(430		)	144			(286		)
Deferred gains on hedge contracts
Current deferrals	(7		)	2			(5		)
Reclassification adjustments	(22		)	7			(15		)
Deferred gains/losses on hedge contracts, net	(29		)	9			(20		)
Foreign currency translation adjustments	(1		)	(2		)	(3		)
Total	$	(460	)	$	151		$	(309	)

*These components of other comprehensive income are included in the computation of net periodic pension cost.  See Note 11 for additional information.