XML 126 R38.htm IDEA: XBRL DOCUMENT v2.4.0.6

Share-Based Compensation (Tables)

12 Months Ended

Dec. 29, 2012

Share-Based Compensation

Compensation expense recorded in net income for share based compensation plans

(In millions)		2012			2011			2010
Compensation expense		$	71		$	50		$	85
Income tax benefit		(26)			(18		)	(32		)
Total net compensation cost included in net income		$	45		$	32		$	53

Weighted average fair value of stock options and assumptions used in option-pricing model

		2012			2011			2010
Fair value of options at grant date		$	10.19		$	9.84		$	7.39
Dividend yield		0.3%			0.3%			0.4%
Expected volatility		40.0%			38.0%			37.0%
Risk-free interest rate		0.9%			2.4%			2.6%
Expected term (in years)		5.5			5.5			5.5

Stock option activity under the plan

(Options in thousands)		Number of Options		Weighted- Average Exercise Price
Outstanding at beginning of year		8,860		$	27.68
Granted		3,016		27.75
Exercised		(1,159)		(16.03		)
Canceled, expired or forfeited		(1,233)		(36.49		)
Outstanding at end of year		9,484		$	27.98
Exercisable at end of year		4,475		$	29.12

Restricted Stock Units (RSUs)

Share-based Compensation Arrangement by Share-based Payment Award

Unit period activity, Nonvested, Weighted average grant date fair value

		Units Payable in Stock					Units Payable in Cash
(Shares/Units in thousands)		Number of Shares		Weighted- Average Grant Date Fair Value			Number of Units		Weighted- Average Grant Date Fair Value
Outstanding at beginning of year, nonvested		638		$	35.53		2,927		$	17.33
Granted		386		27.44			837		27.65
Vested		(275	)	(39.02)			(913	)	(15.76		)
Forfeited		(39	)	(32.56)			(311	)	(21.45		)
Outstanding at end of year, nonvested		710		$	29.94		2,540		$	20.79

Fair value of awards vested and cash paid during respective periods

(In millions)		2012			2011			2010
Fair value of awards vested		$	35		$	41		$	31
Cash paid		25			23			13

Performance share units

Share-based Compensation Arrangement by Share-based Payment Award

Unit period activity, Nonvested, Weighted average grant date fair value

(Units in thousands)		Number of Units		Weighted- Average Grant Date Fair Value
Outstanding at beginning of year, nonvested		859		$	22.98
Granted		535		27.76
Vested		(429)		(20.21		)
Forfeited		(90)		(24.18		)
Outstanding at end of year, nonvested		875		$	27.14

Fair value of awards vested and cash paid during respective periods

(In millions)		2012		2011		2010
Fair value of awards vested		10		33		11
Cash paid		52		1		5

X

- Definition

The total fair value of equity-based awards other than options for which the grantee gained the right during the reporting period, by satisfying service or performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement.

+ References

No definition available.

+ Details

Name:	txt_ScheduleOfEquityInstrumentsOtherThanOptionsFairValueOfAwardsVestedAndCashPaidTableTextBlock
Namespace Prefix:	txt_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The weighted average fair value of nonvested awards on equity-based plans excluding option plans ( for example, restricted stock units or performance share units) for which the employer is contingently obligated to issue equity instruments or pay to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units.

+ References

No definition available.

+ Details

Name:	txt_ScheduleOfEquityInstrumentsOtherThanOptionsNonvestedActivityWeightedAverageGrantDateFairValueTableTextBlock
Namespace Prefix:	txt_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 123R

-Paragraph A240

-Subparagraph g(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 14

-Section F



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (h)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 123R

-Paragraph 64

-Subparagraph b

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SAB TOPIC 14.F)

-URI http://asc.fasb.org/extlink&oid=6793087&loc=d3e301413-122809

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (f)(2)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration