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Special Charges (Tables) | 12 Months Ended
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Dec. 28, 2024
Restructuring and Related Activities [Abstract] |
Schedule of Special Charges | Special charges recorded in 2024 and 2023 by segment and type of cost are as follows:
(In millions) | Severance Costs | Contract Terminations and Other | Asset Impairments | Total |  |  |
2024 |  |  |  |  |  |  |
Industrial | $ | 37 |  | $ | 32 |  | $ | 3 |  | $ | 72 |  |  |  |
Bell | 1 |  | — |  | — |  | 1 |  |  |  |
Textron Systems | 5 |  | — |  | — |  | 5 |  |  |  |
Total special charges | $ | 43 |  | $ | 32 |  | $ | 3 |  | $ | 78 |  |  |  |
2023 |  |  |  |  |  |  |
Industrial | $ | 21 |  | $ | — |  | $ | 87 |  | $ | 108 |  |  |  |
Bell | 13 |  | — |  | — |  | 13 |  |  |  |
Textron Systems | 5 |  | — |  | — |  | 5 |  |  |  |
Total special charges | $ | 39 |  | $ | — |  | $ | 87 |  | $ | 126 |  |  |  |
Schedule of Restructuring Reserve Activity | Our restructuring reserve activity is summarized below:
(In millions) | Severance Costs | Contract Terminations and Other | Total
Balance at December 31, 2022 | $ | 5 |  | $ | 7 |  | $ | 12 |
Provision for 2023 restructuring plan | 39 |  | — |  | 39 |
Cash paid | (3) |  | (2) |  | (5) |
Foreign currency translation | 1 |  | — |  | 1 |
Balance at December 30, 2023 | $ | 42 |  | $ | 5 |  | $ | 47 |
Provision for 2023 restructuring plan | 49 |  | 32 |  | 81 |
Cash paid | (46) |  | (3) |  | (49) |
Reversals | (6) |  | — |  | (6) |
Foreign currency translation | (2) |  | — |  | (2) |
Balance at December 28, 2024 | $ | 37 |  | $ | 34 |  | $ | 71 |

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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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