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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 30, 2017
Dec. 31, 2016
Jan. 02, 2016
Cash flows from operating activities      
Net income $ 307 $ 962 $ 697
Less: Income (loss) from discontinued operations [1] 1 119 (1)
Income (loss) from continuing operations 306 843 698
Non-cash items:      
Depreciation and amortization 447 449 461
Asset impairments 47 40 7
Deferred income taxes 346 48 4
Other, net 90 92 99
Changes in assets and liabilities:      
Accounts receivable, net (236) (33) (14)
Inventories 412 (352) (239)
Other assets (27) 72 (36)
Accounts payable (156) 215 43
Accrued and other liabilities (113) (281) (155)
Income taxes, net 78 (189) 71
Pension, net (277) 25 69
Captive finance receivables, net 67 75 90
Other operating activities, net (4) 10 (4)
Net cash provided by (used in) operating activities of continuing operations 980 1,014 1,094
Net cash used in operating activities of discontinued operations (27) (2) (4)
Net cash provided by (used in) operating activities 953 1,012 1,090
Cash flows from investing activities      
Capital expenditures (423) (446) (420)
Net cash used in acquisitions (331) (186) (81)
Finance receivables repaid 32 44 67
Other investing activities, net 60 65 46
Net cash provided by (used in) investing activities (662) (523) (388)
Cash flows from financing activities      
Proceeds from long-term debt 1,036 525 61
Principal payments on long-term debt and nonrecourse debt (841) (457) (356)
Purchases of Textron common stock (582) (241) (219)
Proceeds from exercise of stock options 52 36 32
Dividends paid (21) (22) (22)
Other financing activities, net (4) (9)  
Net cash used in financing activities (360) (168) (504)
Effect of exchange rate changes on cash and equivalents 33 (28) (15)
Net increase (decrease) in cash and equivalents (36) 293 183
Cash and equivalents at beginning of year 1,298 1,005 822
Cash and equivalents at end of year 1,262 1,298 1,005
Manufacturing group      
Cash flows from operating activities      
Net income 248 951 683
Less: Income (loss) from discontinued operations 1 119 (1)
Income (loss) from continuing operations 247 832 684
Non-cash items:      
Depreciation and amortization 435 437 449
Asset impairments 47 40 7
Deferred income taxes 390 36 14
Other, net 94 90 90
Changes in assets and liabilities:      
Accounts receivable, net (236) (33) (14)
Inventories 422 (347) (241)
Other assets (26) 104 (40)
Accounts payable (156) 215 43
Accrued and other liabilities (108) (276) (144)
Income taxes, net 119 (174) 62
Pension, net (277) 25 69
Dividends received from Finance group   29 63
Other operating activities, net (4) 10 (4)
Net cash provided by (used in) operating activities of continuing operations 947 988 1,038
Net cash used in operating activities of discontinued operations (27) (2) (4)
Net cash provided by (used in) operating activities 920 986 1,034
Cash flows from investing activities      
Capital expenditures (423) (446) (420)
Net cash used in acquisitions (331) (186) (81)
Other investing activities, net 9 11 5
Net cash provided by (used in) investing activities (745) (621) (496)
Cash flows from financing activities      
Proceeds from long-term debt 992 345  
Principal payments on long-term debt and nonrecourse debt (704) (254) (100)
Purchases of Textron common stock (582) (241) (219)
Proceeds from exercise of stock options 52 36 32
Dividends paid (21) (22) (22)
Other financing activities, net (3) (10) 1
Net cash used in financing activities (266) (146) (308)
Effect of exchange rate changes on cash and equivalents 33 (28) (15)
Net increase (decrease) in cash and equivalents (58) 191 215
Cash and equivalents at beginning of year 1,137 946 731
Cash and equivalents at end of year 1,079 1,137 946
Finance group      
Cash flows from operating activities      
Net income 59 11 14
Income (loss) from continuing operations 59 11 14
Non-cash items:      
Depreciation and amortization 12 12 12
Deferred income taxes (44) 12 (10)
Other, net (4) 2 9
Changes in assets and liabilities:      
Other assets (1) (6) 4
Accrued and other liabilities (5) (5) (8)
Income taxes, net (41) (15) 9
Net cash provided by (used in) operating activities of continuing operations (24) 11 30
Net cash provided by (used in) operating activities (24) 11 30
Cash flows from investing activities      
Finance receivables repaid 273 292 351
Finance receivables originated (174) (173) (194)
Other investing activities, net 41 23 40
Net cash provided by (used in) investing activities 140 142 197
Cash flows from financing activities      
Proceeds from long-term debt 44 180 61
Principal payments on long-term debt and nonrecourse debt (137) (203) (256)
Dividends paid   (29) (63)
Other financing activities, net (1) 1 (1)
Net cash used in financing activities (94) (51) (259)
Net increase (decrease) in cash and equivalents 22 102 (32)
Cash and equivalents at beginning of year 161 59 91
Cash and equivalents at end of year $ 183 $ 161 $ 59
[1] See Note 13 to the Consolidated Financial Statements for additional information regarding the year ended December 31, 2016.