Consolidated Balance Sheets - USD ($) shares in Thousands, $ in Millions	Jul. 01, 2017	Dec. 31, 2016
Assets
Cash and equivalents	$ 1,129	$ 1,298
Inventories	4,655	4,464
Finance receivables, net	840	935
Total assets	15,775	15,358
Liabilities
Total liabilities	10,093	9,784
Shareholders' equity
Common stock	34	34
Capital surplus	1,674	1,599
Treasury stock	(329)
Retained earnings	5,789	5,546
Accumulated other comprehensive loss	(1,486)	(1,605)
Total shareholders' equity	5,682	5,574
Total liabilities and shareholders' equity	$ 15,775	$ 15,358
Common shares outstanding	265,113	270,287
Manufacturing group
Assets
Cash and equivalents	$ 938	$ 1,137
Accounts receivable, net	1,236	1,064
Inventories	4,655	4,464
Other current assets	357	388
Total current assets	7,186	7,053
Property, plant and equipment, less accumulated depreciation and amortization of $4,144 and $4,123	2,669	2,581
Goodwill	2,340	2,113
Other assets	2,376	2,331
Total assets	14,571	14,078
Liabilities
Short-term debt and current portion of long-term debt	362	363
Accounts payable	1,200	1,273
Accrued liabilities	2,443	2,257
Total current liabilities	4,005	3,893
Other liabilities	2,275	2,354
Long-term debt	2,774	2,414
Total liabilities	9,054	8,661
Finance group
Assets
Cash and equivalents	191	161
Finance receivables, net	840	935
Other assets	173	184
Total assets	1,204	1,280
Liabilities
Other liabilities	171	220
Debt	868	903
Total liabilities	$ 1,039	$ 1,123

The carrying amount of financing receivables, net of the allowance for losses.

No definition available.

Name:	txt_FinanceReceivablesNet
Namespace Prefix:	txt_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).