$TXT
TEXTRON INC Stock $txt

$txt Overview Financials Valuation SEC Filings Company Website

2023 Q2 Form 10-Q Financial Statement

#000021734623000014 Filed on April 27, 2023

Income Statement

Concept	2023 Q2	2022 Q2
Revenue	$3.024B	$3.001B
YoY Change	0.77%	4.24%
Cost Of Revenue	$2.790B	$2.492B
YoY Change	11.96%	3.83%
Gross Profit	$234.0M	$509.0M
YoY Change	-54.03%	6.26%
Gross Profit Margin	7.74%	16.96%
Selling, General & Admin	$305.0M	$305.0M
YoY Change	0.0%	2.35%
% of Gross Profit	130.34%	59.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$92.00M	$93.00M
YoY Change	-1.08%	3.33%
% of Gross Profit	39.32%	18.27%
Operating Expenses	$305.0M	$305.0M
YoY Change	0.0%	2.35%
Operating Profit	-$71.00M	$204.0M
YoY Change	-134.8%	12.71%
Interest Expense	-$17.00M	$33.00M
YoY Change	-151.52%	-17.5%
% of Operating Profit		16.18%
Other Income/Expense, Net	$59.00M	$61.00M
YoY Change	-3.28%	52.5%
Pretax Income	$227.0M	$232.0M
YoY Change	-2.16%	22.11%
Income Tax	$36.00M	$39.00M
% Of Pretax Income	15.86%	16.81%
Net Earnings	$191.0M	$193.0M
YoY Change	-1.04%	12.87%
Net Earnings / Revenue	6.32%	6.43%
Basic Earnings Per Share	$0.93	$0.89
Diluted Earnings Per Share	$0.92	$878.8K
COMMON SHARES
Basic Shares Outstanding	204.8M shares	217.0M shares
Diluted Shares Outstanding	207.0M shares	219.6M shares

Balance Sheet

Concept	2023 Q2	2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.719B	$2.126B
YoY Change	-19.14%	2.31%
Cash & Equivalents	$1.799B	$2.126B
Short-Term Investments
Other Short-Term Assets	$949.0M	$1.055B
YoY Change	-10.05%	17.35%
Inventory	$3.934B	$3.663B
Prepaid Expenses
Receivables	$928.0M	$800.0M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$7.530B	$7.644B
YoY Change	-1.49%	1.04%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.505B	$2.855B
YoY Change	-12.26%	-0.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$4.069B	$2.687B
YoY Change	51.43%	24.23%
Total Long-Term Assets	$8.863B	$8.267B
YoY Change	7.21%	5.33%
TOTAL ASSETS
Total Short-Term Assets	$7.530B	$7.644B
Total Long-Term Assets	$8.863B	$8.267B
Total Assets	$16.39B	$15.91B
YoY Change	3.03%	3.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$1.281B	$823.0M
YoY Change	55.65%	-20.33%
Accrued Expenses	$55.00M	$56.00M
YoY Change	-1.79%	3.7%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$357.0M	$7.000M
YoY Change	5000.0%	-97.28%
Total Short-Term Liabilities	$4.289B	$3.337B
YoY Change	28.53%	6.85%
LONG-TERM LIABILITIES
Long-Term Debt	$3.267B	$3.648B
YoY Change	-10.44%	-4.9%
Other Long-Term Liabilities	$1.829B	$2.009B
YoY Change	-8.96%	-18.3%
Total Long-Term Liabilities	$5.096B	$5.657B
YoY Change	-9.92%	-10.14%
TOTAL LIABILITIES
Total Short-Term Liabilities	$4.289B	$3.337B
Total Long-Term Liabilities	$5.096B	$5.657B
Total Liabilities	$9.385B	$8.994B
YoY Change	4.35%	-4.5%
SHAREHOLDERS EQUITY
Retained Earnings	$6.090B	$6.058B
YoY Change	0.53%	-1.32%
Common Stock	$26.00M	$28.00M
YoY Change	-7.14%	-3.45%
Preferred Stock
YoY Change
Treasury Stock (at cost)	$464.0M	$314.0M
YoY Change	47.77%	6.8%
Treasury Stock Shares
Shareholders Equity	$7.008B	$6.917B
YoY Change
Total Liabilities & Shareholders Equity	$16.39B	$15.91B
YoY Change	3.03%	3.22%

Cashflow Statement

Concept	2023 Q2	2022 Q2
OPERATING ACTIVITIES
Net Income	$191.0M	$193.0M
YoY Change	-1.04%	12.87%
Depreciation, Depletion And Amortization	$92.00M	$93.00M
YoY Change	-1.08%	3.33%
Cash From Operating Activities	$163.0M	$241.0M
YoY Change	-32.37%	33.15%
INVESTING ACTIVITIES
Capital Expenditures	$62.00M	-$48.00M
YoY Change	-229.17%	-190.57%
Acquisitions
YoY Change
Other Investing Activities	-$1.000M	-$45.00M
YoY Change	-97.78%	650.0%
Cash From Investing Activities	-$29.00M	$28.00M
YoY Change	-203.57%	460.0%
FINANCING ACTIVITIES
Cash Dividend Paid	$4.000M	$5.000M
YoY Change	-20.0%	0.0%
Common Stock Issuance & Retirement, Net	$377.0M	$157.0M
YoY Change	140.13%	72.53%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$376.0M	-$258.0M
YoY Change	45.74%	-28.13%
NET CHANGE
Cash From Operating Activities	$163.0M	$241.0M
Cash From Investing Activities	-$29.00M	$28.00M
Cash From Financing Activities	-$376.0M	-$258.0M
Net Change In Cash	-$236.0M	$9.000M
YoY Change	-2722.22%	-105.11%
FREE CASH FLOW
Cash From Operating Activities	$163.0M	$241.0M
Capital Expenditures	$62.00M	-$48.00M
Free Cash Flow	$101.0M	$289.0M
YoY Change	-65.05%	125.78%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q2	dei	Entity File Number EntityFileNumber	1-5480
CY2023Q2	dei	Entity Registrant Name EntityRegistrantName	Textron Inc.
CY2023Q2	dei	Document Transition Report DocumentTransitionReport	false
CY2023Q2	dei	Entity Central Index Key EntityCentralIndexKey	0000217346
CY2023Q2	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-30
CY2023Q2	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023Q2	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2023Q2	dei	Amendment Flag AmendmentFlag	false
CY2023Q2	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherAssetsNoncurrent
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherAssetsNoncurrent
CY2022Q4	us-gaap	Operating Lease Liability Current Statement Of Financial Position Extensible List OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherLiabilitiesCurrent
CY2023Q2	us-gaap	Operating Lease Liability Current Statement Of Financial Position Extensible List OperatingLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherLiabilitiesCurrent
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherLiabilitiesNoncurrent
CY2023Q2	us-gaap	Operating Lease Liability Noncurrent Statement Of Financial Position Extensible List OperatingLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2022#OtherLiabilitiesNoncurrent
CY2023Q2	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P21M
CY2023Q2	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P24M
CY2023Q2	dei	Document Type DocumentType	10-Q
CY2023Q2	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2023Q2	dei	Document Period End Date DocumentPeriodEndDate	2023-04-01
CY2023Q2	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2023Q2	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	05-0315468
CY2023Q2	dei	Entity Address Address Line1 EntityAddressAddressLine1	40 Westminster Street
CY2023Q2	dei	Entity Address City Or Town EntityAddressCityOrTown	Providence
CY2023Q2	dei	Entity Address State Or Province EntityAddressStateOrProvince	RI
CY2023Q2	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	02903
CY2023Q2	dei	City Area Code CityAreaCode	401
CY2023Q2	dei	Local Phone Number LocalPhoneNumber	421-2800
CY2023Q2	dei	Security12b Title Security12bTitle	Common stock, $0.125 par value
CY2023Q2	dei	Trading Symbol TradingSymbol	TXT
CY2023Q2	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2023Q2	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023Q2	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023Q2	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2023Q2	dei	Entity Small Business EntitySmallBusiness	false
CY2023Q2	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023Q2	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	201679524	shares
CY2023Q2	us-gaap	Revenues Revenues	3024000000	usd
CY2022Q2	us-gaap	Revenues Revenues	3001000000	usd
CY2023Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	305000000	usd
CY2022Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	305000000	usd
CY2023Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-20000000	usd
CY2022Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-32000000	usd
CY2023Q2	us-gaap	Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent	-59000000	usd
CY2022Q2	us-gaap	Net Periodic Defined Benefits Expense Reversal Of Expense Excluding Service Cost Component NetPeriodicDefinedBenefitsExpenseReversalOfExpenseExcludingServiceCostComponent	-60000000	usd
CY2023Q2	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	2797000000	usd
CY2022Q2	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	2769000000	usd
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	227000000	usd
CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	232000000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	36000000	usd
CY2022Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	39000000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	191000000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	193000000	usd
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.93
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.89
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.92
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.88
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	191000000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	193000000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	0	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-17000000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	28000000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-14000000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent	-2000000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent	7000000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	26000000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	10000000	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	217000000	usd
CY2022Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	203000000	usd
CY2023Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	5168000000	usd
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	5084000000	usd
CY2023Q2	us-gaap	Assets Assets	16393000000	usd
CY2022Q4	us-gaap	Assets Assets	16293000000	usd
CY2023Q2	us-gaap	Liabilities Liabilities	9385000000	usd
CY2022Q4	us-gaap	Liabilities Liabilities	9180000000	usd
CY2023Q2	us-gaap	Common Stock Value CommonStockValue	26000000	usd
CY2022Q4	us-gaap	Common Stock Value CommonStockValue	26000000	usd
CY2023Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	1942000000	usd
CY2022Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	1880000000	usd
CY2023Q2	us-gaap	Treasury Stock Value TreasuryStockValue	464000000	usd
CY2022Q4	us-gaap	Treasury Stock Value TreasuryStockValue	84000000	usd
CY2023Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	6090000000	usd
CY2022Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	5903000000	usd
CY2023Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-586000000	usd
CY2022Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-612000000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	7008000000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	7113000000	usd
CY2023Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	16393000000	usd
CY2022Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	16293000000	usd
CY2023Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	201980000	shares
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	206161000	shares
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	191000000	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	193000000	usd
CY2023Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	92000000	usd
CY2022Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	93000000	usd
CY2023Q2	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-32000000	usd
CY2022Q2	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-52000000	usd
CY2023Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-39000000	usd
CY2022Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-36000000	usd
CY2023Q2	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	69000000	usd
CY2022Q2	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	-37000000	usd
CY2023Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	380000000	usd
CY2022Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	176000000	usd
CY2023Q2	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-128000000	usd
CY2022Q2	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	4000000	usd
CY2023Q2	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	261000000	usd
CY2022Q2	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	38000000	usd
CY2023Q2	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-74000000	usd
CY2022Q2	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	26000000	usd
CY2023Q2	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes	50000000	usd
CY2022Q2	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes	71000000	usd
CY2022Q4	txt	Percentage Of Loans Sixty Plus Days Past Due To Total Loans PercentageOfLoansSixtyPlusDaysPastDueToTotalLoans	0.0017
CY2023Q2	txt	Net Increase Decrease In Pension NetIncreaseDecreaseInPension	-51000000	usd
CY2022Q2	txt	Net Increase Decrease In Pension NetIncreaseDecreaseInPension	-41000000	usd
CY2023Q2	txt	Captive Finance Receivables Net CaptiveFinanceReceivablesNet	-6000000	usd
CY2022Q2	txt	Captive Finance Receivables Net CaptiveFinanceReceivablesNet	-18000000	usd
CY2023Q2	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-2000000	usd
CY2022Q2	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-2000000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	163000000	usd
CY2022Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	241000000	usd
CY2023Q2	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	62000000	usd
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CY2022Q2	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	18000000	usd
CY2023Q2	txt	Finance Receivables Repaid FinanceReceivablesRepaid	12000000	usd
CY2022Q2	txt	Finance Receivables Repaid FinanceReceivablesRepaid	13000000	usd
CY2023Q2	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-1000000	usd
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CY2023Q2	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	17000000	usd
CY2022Q2	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	121000000	usd
CY2023Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	377000000	usd
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CY2022Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-258000000	usd
CY2023Q2	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	6000000	usd
CY2022Q2	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-2000000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-236000000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	9000000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2035000000	usd
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2117000000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1799000000	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2126000000	usd
CY2023Q2	txt	Number Of Borrowing Groups NumberOfBorrowingGroups	2	borrowing_group
CY2023Q2	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We prepare our financial statements in conformity with generally accepted accounting principles, which require us to make estimates and assumptions that affect the amounts reported in the financial statements. Actual results could differ from those estimates. Our estimates and assumptions are reviewed periodically, and the effects of changes, if any, are reflected in the Consolidated Statements of Operations in the period that they are determined.</span></div>
CY2023Q2	us-gaap	Notes Receivable Gross NotesReceivableGross	577000000	usd
CY2022Q4	us-gaap	Notes Receivable Gross NotesReceivableGross	587000000	usd
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CY2023Q2	txt	Percentage Of Loans Sixty Plus Days Past Due To Total Loans PercentageOfLoansSixtyPlusDaysPastDueToTotalLoans	0.0035
CY2023Q2	us-gaap	Financing Receivable Collectively Evaluated For Impairment FinancingReceivableCollectivelyEvaluatedForImpairment	451000000	usd
CY2022Q4	us-gaap	Financing Receivable Collectively Evaluated For Impairment FinancingReceivableCollectivelyEvaluatedForImpairment	450000000	usd
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CY2022Q4	us-gaap	Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1 FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1	3000000	usd
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CY2023Q2	us-gaap	Impaired Financing Receivable With No Related Allowance Recorded Investment ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment	27000000	usd
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CY2022	us-gaap	Impaired Financing Receivable Average Recorded Investment ImpairedFinancingReceivableAverageRecordedInvestment	67000000	usd
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CY2023Q2	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	1753000000	usd
CY2022Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	1540000000	usd
CY2023Q2	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	1122000000	usd
CY2022Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	1019000000	usd
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CY2022Q4	us-gaap	Inventory Net InventoryNet	3550000000	usd
CY2022Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	149000000	usd
CY2022Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	127000000	usd
CY2023Q2	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	15000000	usd
CY2022Q2	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	16000000	usd
CY2023Q2	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	18000000	usd
CY2022Q2	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	19000000	usd
CY2023Q2	txt	Standard Product Warranty Accrual Increase Decrease For Adjustments StandardProductWarrantyAccrualIncreaseDecreaseForAdjustments	3000000	usd
CY2022Q2	txt	Standard Product Warranty Accrual Increase Decrease For Adjustments StandardProductWarrantyAccrualIncreaseDecreaseForAdjustments	6000000	usd
CY2023Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	149000000	usd
CY2022Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	130000000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Remaining Lease Term LesseeOperatingLeaseRemainingLeaseTerm	P26Y
CY2023Q2	us-gaap	Lessee Operating Lease Existence Of Option To Extend LesseeOperatingLeaseExistenceOfOptionToExtend	true
CY2023Q2	us-gaap	Lessee Operating Lease Renewal Term LesseeOperatingLeaseRenewalTerm	P25Y
CY2022Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	17000000	usd
CY2023Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	17000000	usd
CY2023Q2	us-gaap	Operating Lease Payments OperatingLeasePayments	17000000	usd
CY2022Q2	us-gaap	Operating Lease Payments OperatingLeasePayments	17000000	usd
CY2023Q2	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	15000000	usd
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CY2022Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0414
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CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	63000000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	55000000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	42000000	usd
CY2023Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	37000000	usd
CY2023Q2	txt	Lessee Operating Lease Liability To Be Paid Due After Year Four LesseeOperatingLeaseLiabilityToBePaidDueAfterYearFour	237000000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	7113000000	usd
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CY2023Q2	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	62000000	usd
CY2023Q2	us-gaap	Dividends Common Stock DividendsCommonStock	4000000	usd
CY2023Q2	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	380000000	usd
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CY2022Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	10000000	usd
CY2022Q2	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	61000000	usd
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CY2023Q2	txt	Excise Taxes On Common Share Repurchases ExciseTaxesOnCommonShareRepurchases	3000000	usd
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CY2022Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	2597000	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	207011000	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	219607000	shares
CY2023Q2	us-gaap	Oci Before Reclassifications Net Of Tax Attributable To Parent OciBeforeReclassificationsNetOfTaxAttributableToParent	25000000	usd
CY2023Q2	us-gaap	Reclassification From Aoci Current Period Net Of Tax Attributable To Parent ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent	-1000000	usd
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CY2022Q2	us-gaap	Reclassification From Aoci Current Period Net Of Tax Attributable To Parent ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent	-17000000	usd
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CY2023Q2	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax	1000000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax	-21000000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax	-5000000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax	-16000000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax	2000000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax	1000000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax	1000000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax	2000000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax	1000000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax	1000000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent	0	usd
CY2023Q2	us-gaap	Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent	0	usd
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CY2022Q2	us-gaap	Other Comprehensive Income Defined Benefit Plans Adjustment Before Tax Portion Attributable To Parent OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent	-23000000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent	-6000000	usd
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CY2023Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent	28000000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent	0	usd
CY2023Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	28000000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Before Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent	-14000000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Foreign Currency Translation Adjustment Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTranslationAdjustmentTaxPortionAttributableToParent	0	usd
CY2022Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-14000000	usd
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CY2022Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationTax	3000000	usd
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CY2023Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationTax	-1000000	usd
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CY2022Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification Before Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax	0	usd
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CY2022Q2	us-gaap	Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax	0	usd
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CY2023Q2	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	0	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	26000000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Parent OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent	19000000	usd
CY2022Q2	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	9000000	usd
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CY2023Q2	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	6	segment
CY2023Q2	us-gaap	Revenues Revenues	3024000000	usd
CY2022Q2	us-gaap	Revenues Revenues	3001000000	usd
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CY2022Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	232000000	usd
CY2023Q2	us-gaap	Revenues Revenues	3024000000	usd
CY2022Q2	us-gaap	Revenues Revenues	3001000000	usd
CY2023Q2	us-gaap	Revenues Revenues	3024000000	usd
CY2023Q2	us-gaap	Revenues Revenues	3024000000	usd
CY2022Q2	us-gaap	Revenues Revenues	3001000000	usd
CY2022Q2	us-gaap	Revenues Revenues	3001000000	usd
CY2023Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	13100000000	usd
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CY2023Q2	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	1700000000	usd
CY2022Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	1500000000	usd
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CY2022Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	34000000	usd
CY2023Q2	us-gaap	Employee Service Share Based Compensation Tax Benefit From Compensation Expense EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense	11000000	usd
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CY2023Q2	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	34000000	usd
CY2022Q2	us-gaap	Allocated Share Based Compensation Expense Net Of Tax AllocatedShareBasedCompensationExpenseNetOfTax	26000000	usd
CY2023Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	152000000	usd
CY2023Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P6Y2M12D
CY2023Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	138000000	usd
CY2023Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P5Y1M6D
CY2023Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	19000000	usd
CY2022Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	23000000	usd
CY2023Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.159
CY2022Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.168
CY2023Q2	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
CY2022Q2	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21

Files In Submission

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$TXT
TEXTRON INC Stock $txt

2023 Q2 Form 10-Q Financial Statement

#000021734623000014 Filed on April 27, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TXT TEXTRON INC Stock $txt

2023 Q2 Form 10-Q Financial Statement

#000021734623000014 Filed on April 27, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$TXT
TEXTRON INC Stock $txt