XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Cash flows from operating activities    
Income from continuing operations $ 684 $ 723
Non-cash items:    
Depreciation and amortization 279 292
Deferred income taxes (18) (113)
Other, net 88 74
Changes in assets and liabilities:    
Accounts receivable, net (21) (45)
Inventories (471) (659)
Other assets 170 267
Accounts payable 77 202
Other liabilities (77) 120
Income taxes, net 5 37
Pension, net (169) (152)
Captive finance receivables, net 4 (32)
Other operating activities, net 18 4
Net cash provided by operating activities of continuing operations 569 718
Net cash used in operating activities of discontinued operations (1) (1)
Net cash provided by operating activities 568 717
Cash flows from investing activities    
Capital expenditures (211) (224)
Net cash used in business acquisitions (13) (1)
Net proceeds from corporate-owned life insurance policies 27 39
Proceeds from sale of property, plant and equipment 3 4
Finance receivables repaid 23 26
Finance receivables originated (18) 0
Other investing activities, net 0 2
Net cash provided by (used in) investing activities (189) (154)
Cash flows from financing activities    
Principal payments on long-term debt and nonrecourse debt (375) (41)
Purchases of Textron common stock (890) (885)
Dividends paid (8) (12)
Proceeds from options exercised 84 66
Other financing activities, net (25) (5)
Net cash used in financing activities (1,214) (877)
Effect of exchange rate changes on cash and equivalents 1 (5)
Net decrease in cash and equivalents (834) (319)
Cash and equivalents at beginning of period 2,181 2,035
Cash and equivalents at end of period $ 1,347 $ 1,716