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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2017
Apr. 02, 2016
Cash flows from operating activities    
Net income $ 101 $ 150
Less: Income (loss) from discontinued operations 1 (1)
Income from continuing operations 100 151
Non-cash items:    
Depreciation and amortization 106 109
Asset impairments 11  
Deferred income taxes 13 19
Other, net 28 30
Changes in assets and liabilities:    
Accounts receivable, net (103) (143)
Inventories (122) (313)
Other assets (8) 61
Accounts payable (102) 147
Accrued and other liabilities (158) (230)
Income taxes, net 38 17
Pension, net 8 7
Captive finance receivables, net 25 (4)
Other operating activities, net (5) (1)
Net cash provided by (used in) operating activities of continuing operations (169) (150)
Net cash used in operating activities of discontinued operations (25)  
Net cash provided by (used in) operating activities (194) (150)
Cash flows from investing activities    
Net cash used in acquisitions (318) (164)
Capital expenditures (76) (88)
Finance receivables repaid 15 17
Other investing activities, net 13 10
Net cash provided by (used in) investing activities (366) (225)
Cash flows from financing activities    
Proceeds from long-term debt 362 362
Increase in short-term debt 100 42
Principal payments on long-term debt and nonrecourse debt (38) (46)
Purchases of Textron common stock (186) (215)
Dividends paid (6) (6)
Other financing activities, net 19 7
Net cash provided by (used in) financing activities 251 144
Effect of exchange rate changes on cash and equivalents 8 4
Net decrease in cash and equivalents (301) (227)
Cash and equivalents at beginning of period 1,298 1,005
Cash and equivalents at end of period 997 778
Manufacturing group    
Cash flows from operating activities    
Net income 95 147
Less: Income (loss) from discontinued operations 1 (1)
Income from continuing operations 94 148
Non-cash items:    
Depreciation and amortization 103 106
Asset impairments 11  
Deferred income taxes 13 17
Other, net 28 29
Changes in assets and liabilities:    
Accounts receivable, net (103) (143)
Inventories (122) (313)
Other assets (7) 62
Accounts payable (102) 147
Accrued and other liabilities (151) (223)
Income taxes, net 90 16
Pension, net 8 7
Other operating activities, net (5) (1)
Net cash provided by (used in) operating activities of continuing operations (143) (148)
Net cash used in operating activities of discontinued operations (25)  
Net cash provided by (used in) operating activities (168) (148)
Cash flows from investing activities    
Net cash used in acquisitions (318) (164)
Capital expenditures (76) (88)
Other investing activities, net 1  
Net cash provided by (used in) investing activities (393) (252)
Cash flows from financing activities    
Proceeds from long-term debt 347 345
Increase in short-term debt 100 42
Purchases of Textron common stock (186) (215)
Dividends paid (6) (6)
Other financing activities, net 19 7
Net cash provided by (used in) financing activities 274 173
Effect of exchange rate changes on cash and equivalents 8 4
Net decrease in cash and equivalents (279) (223)
Cash and equivalents at beginning of period 1,137 946
Cash and equivalents at end of period 858 723
Finance group    
Cash flows from operating activities    
Net income 6 3
Income from continuing operations 6 3
Non-cash items:    
Depreciation and amortization 3 3
Deferred income taxes   2
Other, net   1
Changes in assets and liabilities:    
Other assets (1) (1)
Accrued and other liabilities (7) (7)
Income taxes, net (52) 1
Net cash provided by (used in) operating activities of continuing operations (51) 2
Net cash provided by (used in) operating activities (51) 2
Cash flows from investing activities    
Finance receivables repaid 76 68
Finance receivables originated (36) (55)
Other investing activities, net 12 10
Net cash provided by (used in) investing activities 52 23
Cash flows from financing activities    
Proceeds from long-term debt 15 17
Principal payments on long-term debt and nonrecourse debt (38) (46)
Net cash provided by (used in) financing activities (23) (29)
Net decrease in cash and equivalents (22) (4)
Cash and equivalents at beginning of period 161 59
Cash and equivalents at end of period $ 139 $ 55