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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income $ 1,222 $ 307 $ 962
Less: Income from discontinued operations   1 119
Income from continuing operations 1,222 306 843
Non-cash items:      
Depreciation and amortization 437 447 449
Gain on business disposition (444)    
Deferred income taxes 49 346 48
Asset impairments 48 47 40
Other, net 102 90 92
Changes in assets and liabilities:      
Accounts receivable, net 50 (236) (33)
Inventories 41 412 (352)
Other assets (88) (44) (15)
Accounts payable (63) (156) 215
Other liabilities (223) (113) (281)
Income taxes, net (33) 78 (189)
Pension, net (14) (277) 25
Captive finance receivables, net 22 67 75
Other operating activities, net 3 (4) 10
Net cash provided by (used in) operating activities of continuing operations 1,109 963 927
Net cash used in operating activities of discontinued operations (2) (27) (2)
Net cash provided by (used in) operating activities 1,107 936 925
Cash flows from investing activities      
Net proceeds from business disposition 807    
Capital expenditures (369) (423) (446)
Net proceeds from corporate-owned life insurance policies 110 17 87
Net cash used in acquisitions (23) (331) (186)
Finance receivables repaid 27 32 44
Other investing activities, net 68 60 65
Net cash provided by (used in) investing activities 620 (645) (436)
Cash flows from financing activities      
Proceeds from long-term debt   1,036 525
Principal payments on long-term debt and nonrecourse debt (131) (841) (457)
Purchases of Textron common stock (1,783) (582) (241)
Proceeds from exercise of stock options 74 52 36
Dividends paid (20) (21) (22)
Other financing activities, net (4) (4) (9)
Net cash provided by (used in) financing activities (1,864) (360) (168)
Effect of exchange rate changes on cash and equivalents (18) 33 (28)
Net increase (decrease) in cash and equivalents (155) (36) 293
Cash and equivalents at beginning of year 1,262 1,298 1,005
Cash and equivalents at end of year 1,107 1,262 1,298
Manufacturing group      
Cash flows from operating activities      
Net income 1,198 248 951
Less: Income from discontinued operations   1 119
Income from continuing operations 1,198 247 832
Non-cash items:      
Depreciation and amortization 429 435 437
Gain on business disposition (444)    
Deferred income taxes 54 390 36
Asset impairments 48 47 40
Other, net 97 94 90
Changes in assets and liabilities:      
Accounts receivable, net 50 (236) (33)
Inventories 45 422 (347)
Other assets (87) (43) 17
Accounts payable (63) (156) 215
Other liabilities (219) (108) (276)
Income taxes, net (20) 119 (174)
Pension, net (14) (277) 25
Dividends received from Finance group 50   29
Other operating activities, net 3 (4) 10
Net cash provided by (used in) operating activities of continuing operations 1,127 930 901
Net cash used in operating activities of discontinued operations (2) (27) (2)
Net cash provided by (used in) operating activities 1,125 903 899
Cash flows from investing activities      
Net proceeds from business disposition 807    
Capital expenditures (369) (423) (446)
Net proceeds from corporate-owned life insurance policies 110 17 87
Net cash used in acquisitions (23) (331) (186)
Other investing activities, net 14 9 11
Net cash provided by (used in) investing activities 539 (728) (534)
Cash flows from financing activities      
Proceeds from long-term debt   992 345
Principal payments on long-term debt and nonrecourse debt (5) (704) (254)
Purchases of Textron common stock (1,783) (582) (241)
Proceeds from exercise of stock options 74 52 36
Dividends paid (20) (21) (22)
Other financing activities, net (4) (3) (10)
Net cash provided by (used in) financing activities (1,738) (266) (146)
Effect of exchange rate changes on cash and equivalents (18) 33 (28)
Net increase (decrease) in cash and equivalents (92) (58) 191
Cash and equivalents at beginning of year 1,079 1,137 946
Cash and equivalents at end of year 987 1,079 1,137
Finance group      
Cash flows from operating activities      
Net income 24 59 11
Income from continuing operations 24 59 11
Non-cash items:      
Depreciation and amortization 8 12 12
Deferred income taxes (5) (44) 12
Other, net 5 (4) 2
Changes in assets and liabilities:      
Other assets (1) (1) (6)
Other liabilities (4) (5) (5)
Income taxes, net (13) (41) (15)
Net cash provided by (used in) operating activities of continuing operations 14 (24) 11
Net cash provided by (used in) operating activities 14 (24) 11
Cash flows from investing activities      
Finance receivables repaid 226 273 292
Finance receivables originated (177) (174) (173)
Other investing activities, net 50 41 23
Net cash provided by (used in) investing activities 99 140 142
Cash flows from financing activities      
Proceeds from long-term debt   44 180
Principal payments on long-term debt and nonrecourse debt (126) (137) (203)
Dividends paid (50)   (29)
Other financing activities, net   (1) 1
Net cash provided by (used in) financing activities (176) (94) (51)
Net increase (decrease) in cash and equivalents (63) 22 102
Cash and equivalents at beginning of year 183 161 59
Cash and equivalents at end of year $ 120 $ 183 $ 161