XML 69 R46.htm IDEA: XBRL DOCUMENT v3.25.0.1

Share-Based Compensation (Tables)

12 Months Ended

Dec. 28, 2024

Share-Based Payment Arrangement [Abstract]

Compensation expense included in net income

Compensation expense included in net income for our share-based compensation plans is as follows:

(In millions)			2024			2023			2022
Compensation expense			$	66		$	94		$	66
Income tax benefit			(16)			(23)			(16)
Total compensation expense included in net income			$	50		$	71		$	50

Weighted-average fair value of stock options and assumptions used in option-pricing model

The assumptions used in our option-pricing model for these grants and the weighted-average fair value for these options are as follows:

			2024			2023			2022
Fair value of options at grant date			$	27.69		$	23.83		$	19.95
Dividend yield			0.1%			0.1%			0.1%
Expected volatility			27.2%			29.4%			29.2%
Risk-free interest rate			4.3%			4.2%			1.9%
Expected term (in years)			4.8			4.8			4.8

Stock option activity

The stock option activity during 2024 is provided below:

(Options in thousands)			Number of Options			Weighted- Average Exercise Price
Outstanding at beginning of year			7,515			$	54.25
Granted			1,094			88.01
Exercised			(1,904)			(46.95)
Forfeited or expired			(56)			(77.72)
Outstanding at end of year			6,649			$	61.70
Exercisable at end of year			4,585			$	53.37

Activity for Restricted Stock Units

The 2024 activity for restricted stock units is provided below:

			Units Payable in Stock									Units Payable in Cash
(Shares/Units in thousands)			Number of Shares			Weighted- Average Grant Date Fair Value						Number of Units			Weighted- Average Grant Date Fair Value
Outstanding at beginning of year, nonvested			396			$	61.73					810			$	63.06
Granted			110			89.45						221			88.69
Vested			(175)			(53.16)						(373)			(52.50)
Forfeited			—			—						(27)			(74.80)
Outstanding at end of year, nonvested			331			$	75.50					631			$	77.75

Fair value of awards vested and cash paid during respective periods

The fair value of the restricted stock unit awards that vested and/or amounts paid under these awards is as follows:

(In millions)			2024			2023			2022
Fair value of awards vested			$	42		$	45		$	25
Cash paid			33			34			17

The fair value of the performance share units that vested and/or amounts paid under these awards is as follows:

(In millions)			2024			2023			2022
Fair value of awards vested			$	13		$	19		$	19
Cash paid			35			27			15

Activity for Performance Share Units

The 2024 activity for our performance share units is as follows:

(Units in thousands)			Number of Units			Weighted- Average Grant Date Fair Value
Outstanding at beginning of year, nonvested			366			$	72.23
Granted			194			88.68
Vested			(166)			(71.07)
Outstanding at end of year, nonvested			394			$	80.81

X

- Definition

The total fair value of equity-based awards other than options for which the grantee gained the right during the reporting period, by satisfying service or performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement.

+ References

No definition available.

+ Details

Name:	txt_ScheduleOfEquityInstrumentsOtherThanOptionsFairValueOfAwardsVestedAndCashPaidTableTextBlock
Namespace Prefix:	txt_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested performance-based units.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration