For the year ending 2026-01-03, TXT had $584M increase in cash & cash equivalents over the period. $929M in free cash flow.
| Cash Flow | 2026-01-03 | 2024-12-28 | 2023-12-30 | 2022-12-31 |
|---|---|---|---|---|
| Income from continuing operations | 923 | 825 | 922 | 862 |
| Depreciation and amortization | 401 | 382 | 395 | 397 |
| Deferred income taxes | 155 | -48 | -192 | -220 |
| Asset impairments and tru inventory charge | - | - | - | 2 |
| Asset impairments | - | - | 88 | - |
| Asset impairments and powersports inventory charge | 1 | 41 | - | - |
| Gain on business disposition | 4 | - | 0 | 0 |
| Other, net | -134 | -102 | -90 | -94 |
| Accounts receivable, net | -107 | 96 | 9 | 26 |
| Inventories | 264 | 194 | 359 | 55 |
| Other assets | 76 | -205 | -267 | -35 |
| Accounts payable | 197 | -69 | 2 | 235 |
| Other liabilities | 32 | 95 | 276 | 270 |
| Income taxes, net | -45 | -26 | 4 | 18 |
| Pension, net | -232 | -225 | -202 | -165 |
| Captive finance receivables, net | 17 | 1 | 17 | -35 |
| Other operating activities, net | -1 | -24 | -2 | -8 |
| Net cash provided by operating activities of continuing operations | 1,313 | 1,015 | 1,267 | 1,490 |
| Net cash used in operating activities of discontinued operations | -1 | -1 | -1 | -2 |
| Net cash provided by operating activities | 1,312 | 1,014 | 1,266 | 1,488 |
| Capital expenditures | 383 | 364 | 402 | 354 |
| Net proceeds from corporate-owned life insurance policies | 80 | 85 | 40 | 23 |
| Net proceeds from business disposition | 16 | - | 0 | 0 |
| Proceeds from sale of property, plant and equipment | 9 | 4 | 18 | 22 |
| Net cash used in business acquisitions | 1 | 13 | 1 | 202 |
| Finance receivables repaid | 42 | 25 | 26 | 20 |
| Finance receivables originated | 58 | 21 | - | - |
| Proceeds from the disposition of non-captive assets | 72 | - | - | - |
| Other investing activities, net | -16 | 0 | -2 | -44 |
| Net cash provided by (used in) investing activities | -207 | -284 | -317 | -447 |
| Decrease in short-term debt | - | 1 | 0 | 14 |
| Net proceeds from long-term debt | 991 | 0 | 348 | 0 |
| Principal payments on long-term debt and nonrecourse debt | 720 | 377 | 44 | 234 |
| Proceeds from borrowings against corporate-owned life insurance policies | - | - | - | 0 |
| Payments on borrowings against corporate-owned life insurance policies | - | - | - | 0 |
| Purchases of textron common stock | 822 | 1,122 | 1,168 | 867 |
| Proceeds from exercise of stock options | 40 | 88 | 73 | 44 |
| Dividends paid | 18 | 12 | 16 | 17 |
| Other financing activities, net | -14 | -30 | -6 | -3 |
| Net cash used in financing activities | -543 | -1,454 | -813 | -1,091 |
| Effect of exchange rate changes on cash and equivalents | 22 | -16 | 10 | -32 |
| Net increase (decrease) in cash and equivalents | 584 | -740 | 146 | -82 |
| Cash and cash equivalents at beginning of period | 1,441 | 2,181 | 2,035 | 2,117 |
| Cash and cash equivalents at end of period | 2,025 | 1,441 | 2,181 | 2,035 |
TEXTRON INC (TXT)
TEXTRON INC (TXT)