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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Cash flows from operating activities    
Net income $ 254 $ 327
Less: Income (loss) from discontinued operations 1 (2)
Income from continuing operations 253 329
Non-cash items:    
Depreciation and amortization 218 223
Deferred income taxes 21 32
Asset impairments 21  
Other, net 52 51
Changes in assets and liabilities:    
Accounts receivable, net (125) (80)
Inventories (61) (454)
Other assets (11) 28
Accounts payable (140) 147
Accrued and other liabilities (68) (377)
Income taxes, net 55 12
Pension, net 16 14
Captive finance receivables, net 60 48
Other operating activities, net (2) (3)
Net cash provided by (used in) operating activities of continuing operations 289 (30)
Net cash used in operating activities of discontinued operations (23) (1)
Net cash provided by (used in) operating activities 266 (31)
Cash flows from investing activities    
Net cash used in acquisitions (329) (179)
Capital expenditures (161) (207)
Finance receivables repaid 24 36
Other investing activities, net 34 52
Net cash provided by (used in) investing activities (432) (298)
Cash flows from financing activities    
Proceeds from long-term debt 375 362
Principal payments on long-term debt and nonrecourse debt (74) (90)
Purchases of Textron common stock (329) (215)
Dividends paid (11) (11)
Other financing activities, net 21 22
Net cash provided by (used in) financing activities (18) 68
Effect of exchange rate changes on cash and equivalents 15 (1)
Net increase (decrease) in cash and equivalents (169) (262)
Cash and equivalents at beginning of period 1,298 1,005
Cash and equivalents at end of period 1,129 743
Manufacturing group    
Cash flows from operating activities    
Net income 245 320
Less: Income (loss) from discontinued operations 1 (2)
Income from continuing operations 244 322
Non-cash items:    
Depreciation and amortization 211 217
Deferred income taxes 22 37
Asset impairments 21  
Other, net 51 51
Changes in assets and liabilities:    
Accounts receivable, net (125) (80)
Inventories (60) (441)
Other assets (8) 29
Accounts payable (140) 147
Accrued and other liabilities (62) (373)
Income taxes, net 102 10
Pension, net 16 14
Dividends received from Finance group   29
Other operating activities, net (2) (3)
Net cash provided by (used in) operating activities of continuing operations 270 (41)
Net cash used in operating activities of discontinued operations (23) (1)
Net cash provided by (used in) operating activities 247 (42)
Cash flows from investing activities    
Net cash used in acquisitions (329) (179)
Capital expenditures (161) (207)
Other investing activities, net 1 3
Net cash provided by (used in) investing activities (489) (383)
Cash flows from financing activities    
Proceeds from long-term debt 347 345
Purchases of Textron common stock (329) (215)
Dividends paid (11) (11)
Other financing activities, net 21 22
Net cash provided by (used in) financing activities 28 141
Effect of exchange rate changes on cash and equivalents 15 (1)
Net increase (decrease) in cash and equivalents (199) (285)
Cash and equivalents at beginning of period 1,137 946
Cash and equivalents at end of period 938 661
Finance group    
Cash flows from operating activities    
Net income 9 7
Income from continuing operations 9 7
Non-cash items:    
Depreciation and amortization 7 6
Deferred income taxes (1) (5)
Other, net 1  
Changes in assets and liabilities:    
Other assets (3) (1)
Accrued and other liabilities (6) (4)
Income taxes, net (47) 2
Net cash provided by (used in) operating activities of continuing operations (40) 5
Net cash provided by (used in) operating activities (40) 5
Cash flows from investing activities    
Finance receivables repaid 158 170
Finance receivables originated (74) (86)
Other investing activities, net 32 36
Net cash provided by (used in) investing activities 116 120
Cash flows from financing activities    
Proceeds from long-term debt 28 17
Principal payments on long-term debt and nonrecourse debt (74) (90)
Dividends paid   (29)
Net cash provided by (used in) financing activities (46) (102)
Net increase (decrease) in cash and equivalents 30 23
Cash and equivalents at beginning of period 161 59
Cash and equivalents at end of period $ 191 $ 82