XML 57 R46.htm IDEA: XBRL DOCUMENT v3.8.0.1
Acquisitions and Divestitures Narrative (Details)
$ / shares in Units, $ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2018
USD ($)
$ / shares
Mar. 31, 2017
USD ($)
$ / shares
Mar. 31, 2018
USD ($)
$ / shares
Mar. 31, 2017
USD ($)
$ / shares
Mar. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Sep. 30, 2017
USD ($)
Apr. 18, 2018
USD ($)
Jan. 10, 2018
USD ($)
Dec. 01, 2017
USD ($)
Apr. 28, 2017
USD ($)
Business Acquisition & Disposal [Line Items]                      
Net sales $ 4,248 $ 3,574 $ 8,064 $ 6,790              
Goodwill 5,821   5,821   $ 5,821   $ 5,316        
Purchase price of businesses, net of cash acquired     770 16              
Proceeds from divestiture of businesses     221 0              
Pretax earnings (loss) 658 565 1,161 1,029              
Net income (loss) $ 489 $ 384 $ 883 $ 754              
Diluted earnings per common share | $ / shares $ (0.76) $ (0.45) $ (1.37) $ (0.93)              
Textron's Tools & Test [Member]                      
Business Acquisition & Disposal [Line Items]                      
Net sales         470            
Cooper-Atkins [Member]                      
Business Acquisition & Disposal [Line Items]                      
Cash paid, net of cash acquired                 $ 247    
Goodwill                 134    
Goodwill expected tax deductible amount                 134    
Intangibles                 $ 105    
Intangible assets, weighted average useful life     12 years                
Pentair's Valves & Controls [Member]                      
Business Acquisition & Disposal [Line Items]                      
Cash paid, net of cash acquired                     $ 2,960
Net sales             1,400        
Cash acquired                     $ 207
Series of Individually Immaterial Business Acquisitions [Member]                      
Business Acquisition & Disposal [Line Items]                      
Number of additional businesses acquired     3                
Cooper-Atkins & Series of Individually Immaterial Business Acquisitions [Member]                      
Business Acquisition & Disposal [Line Items]                      
Net sales         70            
Paradigm [Member]                      
Business Acquisition & Disposal [Line Items]                      
Cash paid, net of cash acquired                   $ 505  
Net sales           $ 140          
Goodwill                   332  
Goodwill expected tax deductible amount                   160  
Intangibles                   $ 238  
Intangible assets, weighted average useful life     11 years                
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | ClosetMaid [Member]                      
Business Acquisition & Disposal [Line Items]                      
Proceeds from divestiture of businesses     $ 200                
Gain (loss) on divestiture of business, after tax     $ (24)                
Disposal gain (loss) impact on diluted earnings per share | $ / shares     $ (0.04)                
After-tax proceeds on sale of business     $ 150                
Current assets held-for-sale             73        
Other noncurrent assets held-for-sale             176        
Accrued expenses & other liabilities held-for-sale             61        
Fair Value Adjustment To Inventory & Backlog [Member] | Pentair's Valves & Controls [Member]                      
Business Acquisition & Disposal [Line Items]                      
Pretax earnings (loss)     (29)                
Net income (loss)     $ (22)                
Diluted earnings per common share | $ / shares     $ 0.03                
Automation Solutions [Member]                      
Business Acquisition & Disposal [Line Items]                      
Goodwill $ 5,067   $ 5,067   5,067   4,704        
Automation Solutions [Member] | Series of Individually Immaterial Business Acquisitions [Member]                      
Business Acquisition & Disposal [Line Items]                      
Number of additional businesses acquired     2                
Climate Technologies [Member]                      
Business Acquisition & Disposal [Line Items]                      
Goodwill $ 696   $ 696   $ 696   $ 555        
Climate Technologies [Member] | Series of Individually Immaterial Business Acquisitions [Member]                      
Business Acquisition & Disposal [Line Items]                      
Number of additional businesses acquired     1                
Subsequent Event [Member] | Textron's Tools & Test [Member]                      
Business Acquisition & Disposal [Line Items]                      
Cash paid, net of cash acquired               $ 810