XML 38 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Apr. 04, 2015
Mar. 29, 2014
Revenues    
Manufacturing revenues $ 3,051us-gaap_SalesRevenueNet $ 2,818us-gaap_SalesRevenueNet
Finance revenues 22us-gaap_FinancialServicesRevenue 29us-gaap_FinancialServicesRevenue
Total revenues 3,073us-gaap_Revenues 2,847us-gaap_Revenues
Costs and expenses    
Cost of sales 2,509us-gaap_CostOfGoodsAndServicesSold 2,357us-gaap_CostOfGoodsAndServicesSold
Selling and administrative expense 337us-gaap_SellingGeneralAndAdministrativeExpense 302us-gaap_SellingGeneralAndAdministrativeExpense
Interest expense 43us-gaap_InterestExpense 47us-gaap_InterestExpense
Acquisition and restructuring costs   16txt_AcquisitionAndRestructuringCosts
Total costs and expenses 2,889us-gaap_CostsAndExpenses 2,722us-gaap_CostsAndExpenses
Income from continuing operations before income taxes 184us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 125us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 56us-gaap_IncomeTaxExpenseBenefit 38us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations 128us-gaap_IncomeLossFromContinuingOperations 87us-gaap_IncomeLossFromContinuingOperations
Loss from discontinued operations, net of income taxes   (2)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net income $ 128us-gaap_NetIncomeLoss $ 85us-gaap_NetIncomeLoss
Basic earnings per share    
Continuing operations (in dollars per share) $ 0.46us-gaap_IncomeLossFromContinuingOperationsPerBasicShare $ 0.31us-gaap_IncomeLossFromContinuingOperationsPerBasicShare
Discontinued operations (in dollars per share)   $ (0.01)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
Basic earnings per share (in dollars per share) $ 0.46us-gaap_EarningsPerShareBasic $ 0.30us-gaap_EarningsPerShareBasic
Diluted earnings per share    
Continuing operations (in dollars per share) $ 0.46us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare $ 0.31us-gaap_IncomeLossFromContinuingOperationsPerDilutedShare
Discontinued operations (in dollars per share)   $ (0.01)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
Diluted earnings per share (in dollars per share) $ 0.46us-gaap_EarningsPerShareDiluted $ 0.30us-gaap_EarningsPerShareDiluted
Dividends per share    
Common stock (in dollars per share) $ 0.02us-gaap_CommonStockDividendsPerShareCashPaid $ 0.02us-gaap_CommonStockDividendsPerShareCashPaid