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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Jan. 02, 2016
Jan. 03, 2015
Cash flows from operating activities      
Net income $ 962 $ 697 $ 600
Less: Income (loss) from discontinued operations [1] 119 (1) (5)
Income from continuing operations 843 698 605
Non-cash items:      
Depreciation and amortization 449 461 459
Asset impairments 40 7  
Deferred income taxes 48 4 (19)
Other, net 92 99 100
Changes in assets and liabilities:      
Accounts receivable, net (33) (14) 56
Inventories (352) (239) (209)
Other assets 72 (36) (33)
Accounts payable 215 43 (228)
Accrued and other liabilities (281) (155) 311
Income taxes, net (189) 71 (22)
Pension, net 25 69 46
Captive finance receivables, net 75 90 150
Other operating activities, net 10 (4) (5)
Net cash provided by operating activities of continuing operations 1,014 1,094 1,211
Net cash used in operating activities of discontinued operations (2) (4) (3)
Net cash provided by operating activities 1,012 1,090 1,208
Cash flows from investing activities      
Capital expenditures (446) (420) (429)
Net cash used in acquisitions (186) (81) (1,628)
Finance receivables repaid 44 67 91
Other investing activities, net 65 46 47
Net cash provided by (used in) investing activities (523) (388) (1,919)
Cash flows from financing activities      
Proceeds from long-term debt 525 61 1,567
Principal payments on long-term debt and nonrecourse debt (457) (356) (904)
Purchases of Textron common stock (241) (219) (340)
Proceeds from exercise of stock options 36 32 50
Dividends paid (22) (22) (28)
Other financing activities, net (9)   (10)
Net cash provided by (used in) financing activities (168) (504) 335
Effect of exchange rate changes on cash and equivalents (28) (15) (13)
Net increase (decrease) in cash and equivalents 293 183 (389)
Cash and equivalents at beginning of year 1,005 822 1,211
Cash and equivalents at end of year 1,298 1,005 822
Manufacturing group      
Cash flows from operating activities      
Net income 951 683 585
Less: Income (loss) from discontinued operations 119 (1) (5)
Income from continuing operations 832 684 590
Non-cash items:      
Depreciation and amortization 437 449 446
Asset impairments 40 7  
Deferred income taxes 36 14 (7)
Other, net 90 90 86
Changes in assets and liabilities:      
Accounts receivable, net (33) (14) 56
Inventories (347) (241) (168)
Other assets 104 (40) (18)
Accounts payable 215 43 (228)
Accrued and other liabilities (276) (144) 316
Income taxes, net (174) 62 (17)
Pension, net 25 69 46
Dividends received from Finance Group 29 63  
Other operating activities, net 10 (4) (5)
Net cash provided by operating activities of continuing operations 988 1,038 1,097
Net cash used in operating activities of discontinued operations (2) (4) (3)
Net cash provided by operating activities 986 1,034 1,094
Cash flows from investing activities      
Capital expenditures (446) (420) (429)
Net cash used in acquisitions (186) (81) (1,628)
Other investing activities, net 11 5 (8)
Net cash provided by (used in) investing activities (621) (496) (2,065)
Cash flows from financing activities      
Proceeds from long-term debt 345   1,439
Principal payments on long-term debt and nonrecourse debt (254) (100) (559)
Purchases of Textron common stock (241) (219) (340)
Proceeds from exercise of stock options 36 32 50
Dividends paid (22) (22) (28)
Other financing activities, net (10) 1 (10)
Net cash provided by (used in) financing activities (146) (308) 552
Effect of exchange rate changes on cash and equivalents (28) (15) (13)
Net increase (decrease) in cash and equivalents 191 215 (432)
Cash and equivalents at beginning of year 946 731 1,163
Cash and equivalents at end of year 1,137 946 731
Finance group      
Cash flows from operating activities      
Net income 11 14 15
Income from continuing operations 11 14 15
Non-cash items:      
Depreciation and amortization 12 12 13
Deferred income taxes 12 (10) (12)
Other, net 2 9 14
Changes in assets and liabilities:      
Other assets (6) 4 (15)
Accrued and other liabilities (5) (8) (5)
Income taxes, net (15) 9 (5)
Net cash provided by operating activities of continuing operations 11 30 5
Net cash provided by operating activities 11 30 5
Cash flows from investing activities      
Finance receivables repaid 292 351 456
Finance receivables originated (173) (194) (215)
Other investing activities, net 23 40 14
Net cash provided by (used in) investing activities 142 197 255
Cash flows from financing activities      
Proceeds from long-term debt 180 61 128
Principal payments on long-term debt and nonrecourse debt (203) (256) (345)
Dividends paid (29) (63)  
Other financing activities, net 1 (1)  
Net cash provided by (used in) financing activities (51) (259) (217)
Net increase (decrease) in cash and equivalents 102 (32) 43
Cash and equivalents at beginning of year 59 91 48
Cash and equivalents at end of year $ 161 $ 59 $ 91
[1] Income from discontinued operations, net of income taxes for the year ended December 31, 2016 primarily includes the settlement of a U.S. federal income tax audit. See Note 13 to the Consolidated Financial Statements for additional information.