-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 B16wfFAN0Xl94wWhT5vzMR6BUN8oTgpzJ3GHXvURkKOJGMPhvBBLG6OCRZ1UTkYq
 G1YB8EcH5SWKqVFUpoXahQ==

<SEC-DOCUMENT>0000217346-05-000056.txt : 20050520
<SEC-HEADER>0000217346-05-000056.hdr.sgml : 20050520
<ACCEPTANCE-DATETIME>20050520134550
ACCESSION NUMBER:		0000217346-05-000056
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050520
ITEM INFORMATION:		Material Impairments
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20050520
DATE AS OF CHANGE:		20050520

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEXTRON INC
		CENTRAL INDEX KEY:			0000217346
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT & PARTS [3720]
		IRS NUMBER:				050315468
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05480
		FILM NUMBER:		05847531

	BUSINESS ADDRESS:	
		STREET 1:		40 WESTMINSTER ST
		CITY:			PROVIDENCE
		STATE:			RI
		ZIP:			02903
		BUSINESS PHONE:		4014212800

	MAIL ADDRESS:	
		STREET 1:		40 WESTMINSTER ST
		CITY:			PROVIDENCE
		STATE:			RI
		ZIP:			02903

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN TEXTRON INC
		DATE OF NAME CHANGE:	19710510
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>eightk.htm
<TEXT>
<html>

<head>
<title>New Page 1</title>
</head>

<body>

<b>
<p ALIGN="CENTER">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
Washington, D.C. 20549</p>
</b>
<b><font SIZE="6">
<p ALIGN="CENTER">FORM 8&#45;K</p>
</font></b>
<b><font SIZE="4">
<p ALIGN="CENTER">CURRENT REPORT<br>
</font>Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934<br>
<br>
<br>
</b>Date of Report (Date of earliest event reported): May 17, 2005</p>
<b><font SIZE="6">
<p ALIGN="CENTER">TEXTRON INC.</p>
</font><font SIZE="4">
</font></b>
<p ALIGN="CENTER">(Exact name of Registrant as specified in its charter)<br>
<br>
</p>
<div align="center">
  <center>
<table CELLSPACING="1"  CELLPADDING="1" WIDTH="708">
  <tr>
    <td WIDTH="162" VALIGN="TOP">
      <p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;&#160; Delaware</td>
    <td WIDTH="18" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="320" VALIGN="TOP">
      <p ALIGN="CENTER">I&#45;5480</td>
    <td WIDTH="22" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="154" VALIGN="TOP">
      <p ALIGN="JUSTIFY">05&#45;0315468</td>
  </tr>
  <tr>
    <td WIDTH="162" VALIGN="TOP">
      <p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;&#160;(State
      of</td>
    <td WIDTH="18" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="320" VALIGN="TOP">
      <p ALIGN="CENTER">(Commission File Number.)</td>
    <td WIDTH="22" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="154" VALIGN="TOP">
      <p ALIGN="JUSTIFY">(IRS Employer</td>
  </tr>
  <tr>
    <td WIDTH="162" VALIGN="TOP">
      <p ALIGN="JUSTIFY">&#160;&#160;&#160;&#160;&#160;&#160;&#160;Incorporation)</td>
    <td WIDTH="18" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="320" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="22" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="154" VALIGN="TOP">
      <p ALIGN="JUSTIFY">Identification Number)</td>
  </tr>
</table>
  </center>
</div>
<p ALIGN="CENTER">&nbsp;<br>
40 Westminster Street, Providence, Rhode Island
02903&#160;&#160;&#160;&#160;&#160;<br>
(Address of principal executive offices)<br>
<br>
</p>
<p ALIGN="CENTER">Registrant&#39;s telephone number, including area code:
(401) 421&#45;2800<br>
<br>
</p>
<font SIZE="2">
<p>&nbsp;</font>Check the appropriate box below if the Form 8&#45;K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instructions A.2. below):</p>
<p>[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)</p>
<p>[ ] Soliciting material pursuant to Rule 14a&#45;12 under the Exchange
Act (17 CFR 240.14a&#45;12)</p>
<p>[ ] Pre&#45;commencement communications pursuant to Rule 14d&#45;2(b)
under the Exchange Act (17 CFR 240.14d&#45;2(b))</p>
<p>[ ] Pre&#45;commencement communications pursuant to Rule
13e&#45;4(c)) under the Exchange Act (17 CFR 240.13e&#45;4(c))<br>
</p>
      <b>
      <p>Item 2.06 Material Impairments</p>
      </b>
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In connection with Textron&#39;s sale of its Automotive Trim business in
2001, Textron acquired shares of preferred stock (the &quot;C&A Preferred
Shares&quot;) of Collins & Aikman Products Co. (&quot;C&A
Products&quot;), a subsidiary of Collins & Aikman Corporation (&quot;C&A
Corporation&quot;). The C&A Preferred Shares are currently valued at $39
million on Textron&#39;s balance sheet. On May 17, 2005, C&A Corporation
and substantially all of its U.S. operating subsidiaries, including C&A
Products, filed voluntary petitions for reorganization under Chapter 11 of the
U.S. bankruptcy code. Textron has concluded that the C&A Preferred Shares
will likely have limited value as a result of the bankruptcy. Accordingly,
Textron will record a non&#45;cash impairment charge of $39 million in the
second quarter of 2005.<br>
</p>
<b>
<p>Item 7.01 Regulation FD Disclosure</p>
</b>
<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Textron has provided approximately $64 million of lease financing to C&A
Products and has guaranteed the performance of C&A Products under real
property and equipment leases that were transferred to C&A Products as part
of the sale of the Automotive Trim business. The current maximum exposure of
Textron under the guarantees is approximately $11.5 million. Textron is
evaluating the effect that the petition for reorganization of C&A Products
discussed under Item 2.06 above may have on the lease financing and the
guarantees.</p>
<p ALIGN="center">&nbsp;SIGNATURES</p>
<p>&#160;&#160;&#160;&#160;&#160;&#160;&#160;Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.</p>
<table CELLSPACING="1"  CELLPADDING="1" WIDTH="552">
  <tr>
    <td WIDTH="40%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="60%" VALIGN="TOP">
      <p>TEXTRON INC.</td>
  </tr>
  <tr>
    <td WIDTH="40%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="60%" VALIGN="TOP">
      <p>(Registrant)</td>
  </tr>
</table>
<p>Date: May 20, 2005</p>
<table CELLSPACING="1"  CELLPADDING="1" WIDTH="590">
  <tr>
    <td WIDTH="37%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="63%" VALIGN="TOP" COLSPAN="2"><u>
      <p>s/ Richard L. Yates</u></td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="6%" VALIGN="TOP">
      <p>By:</td>
    <td WIDTH="56%" VALIGN="TOP">
      <p>Richard L. Yates</td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="6%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="56%" VALIGN="TOP">
      <p>Senior Vice President and Controller</td>
  </tr>
  <tr>
    <td WIDTH="37%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="6%" VALIGN="TOP">&nbsp;</td>
    <td WIDTH="56%" VALIGN="TOP">&nbsp;</td>
  </tr>
</table>

</body>

</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
