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Consolidated Statements of Cash Flows (Unaudited) - Manufacturing Group and Finance Group - USD ($)
$ in Millions
 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Cash flows from operating activities    
Income from continuing operations $ 461 $ 454
Non-cash items:    
Depreciation and amortization 178 193
Deferred income taxes (34) (77)
Other, net 61 66
Changes in assets and liabilities:    
Accounts receivable, net 10 (97)
Inventories (467) (553)
Other assets 167 252
Accounts payable 107 207
Other liabilities (46) 116
Income taxes, net 10 14
Pension, net (112) (102)
Other operating activities, net 19 2
Net cash provided by operating activities of continuing operations 361 460
Net cash used in operating activities of discontinued operations (1) (1)
Net cash provided by operating activities 360 459
Cash flows from investing activities    
Capital expenditures (140) (145)
Net cash used in business acquisitions (13) 0
Net proceeds from corporate-owned life insurance policies 26 38
Proceeds from sale of property, plant and equipment 3 0
Finance receivables repaid 31 19
Finance receivables originated (18) 0
Other investing activities, net 0 2
Net cash provided by (used in) investing activities (111) (86)
Cash flows from financing activities    
Principal payments on long-term debt and nonrecourse debt (374) (34)
Purchases of Textron common stock (675) (650)
Dividends paid (8) (8)
Proceeds from options exercised 73 31
Other financing activities, net (25) (5)
Net cash used in financing activities (1,009) (666)
Effect of exchange rate changes on cash and equivalents (10) 8
Net increase (decrease) in cash and equivalents (770) (285)
Cash and equivalents at beginning of period 2,181 2,035
Cash and equivalents at end of period 1,411 1,750
Manufacturing group    
Cash flows from operating activities    
Income from continuing operations 441 438
Non-cash items:    
Depreciation and amortization 178 193
Deferred income taxes (34) (77)
Other, net 73 69
Changes in assets and liabilities:    
Accounts receivable, net 10 (97)
Inventories (467) (553)
Other assets 168 246
Accounts payable 107 207
Other liabilities (42) 125
Income taxes, net 12 16
Pension, net (112) (102)
Other operating activities, net 19 2
Net cash provided by operating activities of continuing operations 353 467
Net cash used in operating activities of discontinued operations (1) (1)
Net cash provided by operating activities 352 466
Cash flows from investing activities    
Capital expenditures (140) (145)
Net cash used in business acquisitions (13) 0
Net proceeds from corporate-owned life insurance policies 26 38
Proceeds from sale of property, plant and equipment 3 0
Finance receivables repaid 0 0
Finance receivables originated 0 0
Other investing activities, net 0 0
Net cash provided by (used in) investing activities (124) (107)
Cash flows from financing activities    
Principal payments on long-term debt and nonrecourse debt (359) (3)
Purchases of Textron common stock (675) (650)
Dividends paid (8) (8)
Proceeds from options exercised 73 31
Other financing activities, net (25) (5)
Net cash used in financing activities (994) (635)
Effect of exchange rate changes on cash and equivalents (10) 8
Net increase (decrease) in cash and equivalents (776) (268)
Cash and equivalents at beginning of period 2,121 1,963
Cash and equivalents at end of period 1,345 1,695
Finance group    
Cash flows from operating activities    
Income from continuing operations 20 16
Non-cash items:    
Depreciation and amortization 0 0
Deferred income taxes 0 0
Other, net (12) (3)
Changes in assets and liabilities:    
Accounts receivable, net 0 0
Inventories 0 0
Other assets (1) 6
Accounts payable 0 0
Other liabilities (4) (9)
Income taxes, net (2) (2)
Pension, net 0 0
Other operating activities, net 0 0
Net cash provided by operating activities of continuing operations 1 8
Net cash used in operating activities of discontinued operations 0 0
Net cash provided by operating activities 1 8
Cash flows from investing activities    
Capital expenditures 0 0
Net cash used in business acquisitions 0 0
Net proceeds from corporate-owned life insurance policies 0 0
Proceeds from sale of property, plant and equipment 0 0
Finance receivables repaid 78 67
Finance receivables originated (58) (63)
Other investing activities, net 0 2
Net cash provided by (used in) investing activities 20 6
Cash flows from financing activities    
Principal payments on long-term debt and nonrecourse debt (15) (31)
Purchases of Textron common stock 0 0
Dividends paid 0 0
Proceeds from options exercised 0 0
Other financing activities, net 0 0
Net cash used in financing activities (15) (31)
Effect of exchange rate changes on cash and equivalents 0 0
Net increase (decrease) in cash and equivalents 6 (17)
Cash and equivalents at beginning of period 60 72
Cash and equivalents at end of period $ 66 $ 55