Business Acquisitions, Goodwill and Intangible Assets (Tables)

12 Months Ended

Jan. 03, 2015

Business Acquisitions, Goodwill and Intangible Assets

Allocation of the purchase price

(In millions)
Accounts receivable	$	129
Inventories	775
Other current assets	175
Property, plant and equipment	261
Intangible assets	581
Goodwill	228
Other assets	172
Accounts payable	(143		)
Accrued liabilities	(294		)
Other liabilities	(406		)
Total net assets acquired	$	1,478

Business acquisition pro-forma information

(In millions, except per share amounts)	2014		2013
Revenues	$	14,240	$	13,956
Income from continuing operations, net of income taxes	689		482
Diluted earnings per share from continuing operations	$	2.45	$	1.69

Carrying amount of goodwill by segment

(In millions)	Textron Aviation		Bell		Textron Systems			Industrial			Total
Balance at December 29, 2012	$	326	$	31	$	974		$	318		$	1,649
Acquisitions	—		—		52			30			82
Foreign currency translation	—		—		—			4			4
Balance at December 28, 2013	326		31		1,026			352			1,735
Acquisitions	228		—		35			50			313
Foreign currency translation	—		—		(4		)	(17		)	(21		)
Balance at January 3, 2015	$	554	$	31	$	1,057		$	385		$	2,027

Intangible assets

		January 3, 2015						December 28, 2013
(Dollars in millions)	Weighted-Average Amortization Period (in years)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Patents and technology	15	$	513	$	(92)	$	421	$	142	$	(63)	$	79
Customer relationships and contractual agreements	15	364		(192)		172		331		(165)		166
Trade names and trademarks	16	263		(28)		235		49		(24)		25
Other	9	23		(18)		5		23		(17)		6
Total		$	1,163	$	(330)	$	833	$	545	$	(269)	$	276