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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 27, 2014
Sep. 28, 2013
Cash flows from operating activities    
Net income $ 388 $ 331
Less: Income (loss) from discontinued operations (4) 4
Income from continuing operations 392 327
Non-cash items:    
Depreciation and amortization 325 285
Deferred income taxes (41) 74
Other, net 80 38
Changes in assets and liabilities:    
Accounts receivable, net (55) (178)
Inventories (370) (443)
Other assets 24 (51)
Accounts payable (120) (25)
Accrued and other liabilities 137 (276)
Income taxes, net 61 (96)
Pension, net 31 (17)
Captive finance receivables, net 107 257
Other operating activities, net (2) 2
Net cash provided by (used in) operating activities of continuing operations 569 (103)
Net cash used in operating activities of discontinued operations (3) (5)
Net cash provided by (used in) operating activities 566 (108)
Cash flows from investing activities    
Net cash used in acquisitions (1,580) (53)
Capital expenditures (255) (300)
Finance receivables repaid 77 157
Proceeds from sales of receivables and other finance assets 37 152
Other investing activities, net (4) 13
Net cash used in investing activities (1,725) (31)
Cash flows from financing activities    
Proceeds from long-term debt 1,187 412
Principal payments on long-term and nonrecourse debt (462) (997)
Increase in short-term debt 25 96
Purchases of Textron common stock (302)  
Settlement of convertible notes   (215)
Proceeds from settlement of capped call   75
Dividends paid (17) (16)
Other financing activities, net 33 16
Net cash provided by (used in) financing activities 464 (629)
Effect of exchange rate changes on cash and equivalents (5) (8)
Net decrease in cash and equivalents (700) (776)
Cash and equivalents at beginning of period 1,211 1,413
Cash and equivalents at end of period 511 637
Manufacturing Group
   
Cash flows from operating activities    
Net income 378 300
Less: Income (loss) from discontinued operations (4) 4
Income from continuing operations 382 296
Non-cash items:    
Depreciation and amortization 315 271
Deferred income taxes (25) 29
Other, net 69 69
Changes in assets and liabilities:    
Accounts receivable, net (55) (178)
Inventories (344) (459)
Other assets 38 (40)
Accounts payable (120) (25)
Accrued and other liabilities 145 (262)
Income taxes, net 57 (101)
Pension, net 31 (12)
Dividends received from Finance Group   30
Capital contributions paid to Finance Group   (1)
Other operating activities, net (2) 2
Net cash provided by (used in) operating activities of continuing operations 491 (381)
Net cash used in operating activities of discontinued operations (3) (5)
Net cash provided by (used in) operating activities 488 (386)
Cash flows from investing activities    
Net cash used in acquisitions (1,580) (53)
Capital expenditures (255) (300)
Other investing activities, net (12) 19
Net cash used in investing activities (1,847) (334)
Cash flows from financing activities    
Proceeds from long-term debt 1,093 150
Principal payments on long-term and nonrecourse debt (201) (312)
Increase in short-term debt 25 96
Purchases of Textron common stock (302)  
Settlement of convertible notes   (215)
Proceeds from settlement of capped call   75
Dividends paid (17) (16)
Other financing activities, net 33 16
Net cash provided by (used in) financing activities 631 (206)
Effect of exchange rate changes on cash and equivalents (5) (8)
Net decrease in cash and equivalents (733) (934)
Cash and equivalents at beginning of period 1,163 1,378
Cash and equivalents at end of period 430 444
Finance Group
   
Cash flows from operating activities    
Net income 10 31
Income from continuing operations 10 31
Non-cash items:    
Depreciation and amortization 10 14
Deferred income taxes (16) 45
Other, net 11 (31)
Changes in assets and liabilities:    
Other assets (14) (11)
Accrued and other liabilities (8) (24)
Income taxes, net 4 5
Pension, net   (5)
Net cash provided by (used in) operating activities of continuing operations (3) 24
Net cash provided by (used in) operating activities (3) 24
Cash flows from investing activities    
Finance receivables repaid 307 558
Finance receivables originated or purchased (123) (164)
Proceeds from sales of receivables and other finance assets 37 152
Other investing activities, net (18) 40
Net cash used in investing activities 203 586
Cash flows from financing activities    
Proceeds from long-term debt 94 262
Principal payments on long-term and nonrecourse debt (261) (685)
Dividends paid   (30)
Capital contributions paid to Finance group   1
Net cash provided by (used in) financing activities (167) (452)
Net decrease in cash and equivalents 33 158
Cash and equivalents at beginning of period 48 35
Cash and equivalents at end of period $ 81 $ 193