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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 29, 2012
Dec. 31, 2011
Jan. 01, 2011
Cash flows from operating activities      
Net income (loss) $ 589 $ 242 $ 86
Less: Income (loss) from discontinued operations 8   (6)
Income (loss) from continuing operations 581 242 92
Adjustments to reconcile income from continuing operations to net cash provided by (used in) operating activities:      
Dividends received from Finance group 0    
Capital contributions paid to Finance group 0    
Non-cash items:      
Depreciation and amortization 383 403 393
Provision for losses on finance receivables held for investment (3) 12 143
Portfolio losses on finance receivables 68 102 112
Valuation allowance on finance receivables held for sale (76) 202 8
Goodwill and other asset impairment charges   59 19
Deferred income taxes 171 81 69
Other, net 97 166 109
Changes in assets and liabilities:      
Accounts receivable, net 32 36 (1)
Inventories (316) (127) (10)
Other assets 85 76 99
Accounts payable 179 211 54
Accrued and other liabilities (122) (105) (249)
Pension, net (240) (474) (269)
Captive finance receivables, net 96 236 424
Other operating activities, net   (52)  
Net cash provided by (used in) operating activities of continuing operations 935 1,068 993
Net cash used in operating activities of discontinued operations (8) (5) (9)
Net cash provided by (used in) operating activities 927 1,063 984
Cash flows from investing activities      
Finance receivables repaid 599 824 1,635
Finance receivables originated or purchased (22) (187) (450)
Proceeds on receivables sales 116 421 528
Capital expenditures (480) (423) (270)
Proceeds from collection on notes receivable from a prior disposition   58  
Net cash used in acquisitions (11) (14) (57)
Proceeds from sale of repossessed assets and properties 133 109 129
Other investing activities, net 43 55 34
Net cash provided by (used in) investing activities 378 843 1,549
Cash flows from financing activities      
Principal payments on long-term and nonrecourse debt (615) (785) (2,241)
Net proceeds from issuance of long-term debt 106 926 231
Intergroup financing 0    
Payments on long-term lines of credit   (1,440) (1,467)
Settlement of convertible notes (2) (580)  
Capital contributions paid to Finance group under Support Agreement 0    
Capital contributions paid to Cessna Export Finance Corp. 0    
Amendment of call option/warrant transactions and purchase of capped call   (30)  
Purchases of Textron common stock (272)    
Dividends paid (17) (22) (22)
Other financing activities 19 (20) 6
Net cash provided by (used in) financing activities (781) (1,951) (3,493)
Effect of exchange rate changes on cash and equivalents 4 (1) (1)
Net increase (decrease) in cash and equivalents 528 (46) (961)
Cash and equivalents at beginning of year 885 931 1,892
Cash and equivalents at end of year 1,413 885 931
Manufacturing Group
     
Cash flows from operating activities      
Net income (loss) 542 464 314
Less: Income (loss) from discontinued operations 8   (6)
Income (loss) from continuing operations 534 464 320
Adjustments to reconcile income from continuing operations to net cash provided by (used in) operating activities:      
Dividends received from Finance group 345 179 505
Capital contributions paid to Finance group (240) (182) (383)
Non-cash items:      
Depreciation and amortization 358 371 362
Goodwill and other asset impairment charges   57 18
Deferred income taxes 102 197 131
Other, net 97 166 110
Changes in assets and liabilities:      
Accounts receivable, net 32 36 (1)
Inventories (300) (132) (11)
Other assets 99 70 72
Accounts payable 179 211 54
Accrued and other liabilities (7) (149) (170)
Pension, net (241) (475) (277)
Other operating activities, net   (52)  
Net cash provided by (used in) operating activities of continuing operations 958 761 730
Net cash used in operating activities of discontinued operations (8) (5) (9)
Net cash provided by (used in) operating activities 950 756 721
Cash flows from investing activities      
Capital expenditures (480) (423) (270)
Proceeds from collection on notes receivable from a prior disposition   58  
Net cash used in acquisitions (11) (14) (57)
Other investing activities, net 15 (44) (26)
Net cash provided by (used in) investing activities (476) (423) (353)
Cash flows from financing activities      
Principal payments on long-term and nonrecourse debt (189) (29) (130)
Net proceeds from issuance of long-term debt   496  
Intergroup financing 490 (175) 98
Payments on long-term lines of credit     (1,167)
Settlement of convertible notes (2) (580)  
Amendment of call option/warrant transactions and purchase of capped call   (30)  
Purchases of Textron common stock (272)    
Dividends paid (17) (22) (22)
Other financing activities 19 (20) 6
Net cash provided by (used in) financing activities 29 (360) (1,215)
Effect of exchange rate changes on cash and equivalents 4   (3)
Net increase (decrease) in cash and equivalents 507 (27) (850)
Cash and equivalents at beginning of year 871 898 1,748
Cash and equivalents at end of year 1,378 871 898
Finance Group
     
Cash flows from operating activities      
Net income (loss) 47 (222) (228)
Income (loss) from continuing operations 47 (222) (228)
Non-cash items:      
Depreciation and amortization 25 32 31
Provision for losses on finance receivables held for investment (3) 12 143
Portfolio losses on finance receivables 68 102 112
Valuation allowance on finance receivables held for sale (76) 202 8
Goodwill and other asset impairment charges     1
Deferred income taxes 69 (116) (62)
Other, net     (1)
Changes in assets and liabilities:      
Other assets (11) 10 32
Accrued and other liabilities (115) 44 (79)
Pension, net 1 1 8
Net cash provided by (used in) operating activities of continuing operations 5 65 (35)
Net cash provided by (used in) operating activities 5 65 (35)
Cash flows from investing activities      
Finance receivables repaid 1,004 1,289 2,348
Finance receivables originated or purchased (331) (471) (866)
Proceeds on receivables sales 116 476 655
Proceeds from sale of repossessed assets and properties 133 109 129
Other investing activities, net 12 50 39
Net cash provided by (used in) investing activities 934 1,453 2,305
Cash flows from financing activities      
Principal payments on long-term and nonrecourse debt (426) (756) (2,111)
Net proceeds from issuance of long-term debt 106 430 231
Intergroup financing (493) 167 (111)
Payments on long-term lines of credit   (1,440) (300)
Capital contributions paid to Finance group under Support Agreement 240 182 383
Capital contributions paid to Cessna Export Finance Corp.   60 30
Dividends paid (345) (179) (505)
Net cash provided by (used in) financing activities (918) (1,536) (2,383)
Effect of exchange rate changes on cash and equivalents   (1) 2
Net increase (decrease) in cash and equivalents 21 (19) (111)
Cash and equivalents at beginning of year 14 33 144
Cash and equivalents at end of year $ 35 $ 14 $ 33