Textron Inc (TXT) financial statements: income statement, balance sheet and cash flow

Textron Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jan 3, 2026 · FY), Textron Inc reported revenue of $14.8B (+8.0% year on year) and net income of $921.0M (+11.8% year on year).

Income statement

Textron Inc income statement, fiscal years

Line item	Jan 3, 2026 · FY	Dec 28, 2024 · FY	Dec 30, 2023 · FY	Dec 31, 2022 · FY
Total revenues	$14.8B	$13.7B	$13.7B	$12.9B
Total cost of sales	$12.1B	$11.2B	$11.4B	$10.8B
Research and development costs	$521.0M	$491.0M	—	—
Selling and administrative expense	$1.2B	$1.2B	$1.2B	$1.2B
Interest expense, net	$126.0M	$97.0M	$77.0M	$107.0M
Special charges	$4.0M	$78.0M	$126.0M	$0
Non-service components of pension and postretirement income, net	($266.0M)	($263.0M)	($237.0M)	($240.0M)
Total costs, expenses and other	$13.7B	$12.8B	$12.6B	$11.9B
Income from continuing operations before income taxes	$1.1B	$943.0M	$1.1B	$1.0B
Income tax expense	$214.0M	$118.0M	$165.0M	$154.0M
Income from continuing operations	$923.0M	$825.0M	$922.0M	$862.0M
Loss from discontinued operations	($2.0M)	($1.0M)	($1.0M)	($1.0M)
Net income	$921.0M	$824.0M	$921.0M	$861.0M
Continuing operations (in dollars per share)	$5.16	$4.38	$4.62	$4.05
Basic earnings per share (in dollars per share)	$5.15	$4.38	$4.61	—
Continuing operations (in dollars per share)	$5.12	$4.34	$4.57	$4.01
Discontinued operations (in dollars per share)	-$0.01	$0.00	-$0.01	—
Diluted earnings per share (in dollars per share)	$5.11	$4.33	$4.56	—

Textron Inc income statement, quarters

Line item	Jul 4, 2026 · Q2	Apr 4, 2026 · Q1	Sep 27, 2025 · Q3	Jun 28, 2025 · Q2
Total revenues	$3.8B	$3.7B	$3.6B	$3.7B
Cost of products/services sold	$3.1B	$3.0B	$2.9B	$3.0B
Research and development costs	$116.0M	$120.0M	$118.0M	$137.0M
Selling and administrative expense	$311.0M	$321.0M	$257.0M	$303.0M
Interest expense, net	$33.0M	$34.0M	$30.0M	$31.0M
Special charges	$0	—	$0	$4.0M
Non-service components of pension and postretirement income, net	($70.0M)	($70.0M)	($67.0M)	($67.0M)
Total costs, expenses and other	$3.5B	$3.4B	$3.3B	$3.4B
Income before income taxes	$304.0M	$267.0M	$316.0M	$301.0M
Income tax expense	$56.0M	$47.0M	$81.0M	$56.0M
Net income	$248.0M	$220.0M	$234.0M	$245.0M
Basic (in dollars per share)	$1.43	$1.26	—	—
Diluted (in dollars per share)	$1.42	$1.25	—	—

Balance sheet

Textron Inc balance sheet, fiscal years

Line item	Jan 3, 2026 · FY	Dec 28, 2024 · FY	Dec 30, 2023 · FY	Dec 31, 2022 · FY
Cash and equivalents	$2.0B	$1.4B	$2.2B	$2.0B
Accounts receivable, net	$823.0M	$949.0M	$868.0M	$855.0M
Inventories	$4.3B	$4.1B	$3.9B	$3.5B
Other current assets	$872.0M	$687.0M	$857.0M	$1.0B
Total current assets	$7.9B	$7.1B	$7.8B	$7.4B
Property, plant and equipment, net	$2.6B	$2.5B	$2.5B	$2.5B
Goodwill	$2.3B	$2.3B	$2.3B	$2.3B
Other assets	$4.6B	$4.2B	$3.7B	$3.4B
Finance receivables, net	$574.0M	$603.0M	$585.0M	$563.0M
Other assets	$18.0M	$22.0M	$16.0M	$29.0M
Assets	$18.1B	$16.8B	$16.9B	$16.3B
Current portion of long-term debt	$5.0M	$357.0M	$357.0M	$7.0M
Accounts payable	$1.2B	$943.0M	$1.0B	$1.0B
Other current liabilities	$3.2B	$3.1B	$3.0B	$2.6B
Total current liabilities	$4.4B	$4.4B	$4.4B	$3.7B
Other liabilities	$2.0B	$1.9B	$1.9B	$1.9B
Long-term debt	$3.5B	$2.9B	$3.2B	$3.2B
Other liabilities	$48.0M	$64.0M	$70.0M	$81.0M
Debt	$3.9B	$3.6B	$3.9B	$3.6B
Total liabilities	$10.3B	$9.6B	$9.9B	$9.2B
Common stock (175.0 million and 184.0 million shares issued, respectively, and 174.3 million and 183.0 million shares outstanding, respectively)	22.0M	23.0M	24.0M	26.0M
Capital surplus	$2.0B	$2.0B	$1.9B	$1.9B
Treasury stock	($55.0M)	($82.0M)	($165.0M)	($84.0M)
Retained earnings	$5.8B	$5.6B	$5.9B	$5.9B
Accumulated other comprehensive income (loss)	$129.0M	($304.0M)	($644.0M)	($612.0M)
Total shareholders’ equity	$7.9B	$7.2B	$7.0B	$7.1B
Total liabilities and shareholders’ equity	$18.1B	$16.8B	$16.9B	$16.3B

Textron Inc balance sheet, quarters

Line item	Jul 4, 2026	Apr 4, 2026	Sep 27, 2025	Jun 28, 2025
Cash and equivalents	$1.6B	$1.6B	$1.5B	$1.4B
Accounts receivable, net	$916.0M	$885.0M	$1.1B	$877.0M
Inventories	$4.7B	$4.6B	$4.5B	$4.3B
Other current assets	$909.0M	$1.0B	$775.0M	$777.0M
Total current assets	$8.0B	$8.0B	$7.7B	$7.3B
Property, plant and equipment, less accumulated depreciation and amortization of $5,890 and $5,784, respectively	$2.6B	$2.6B	$2.5B	$2.5B
Goodwill	$2.3B	$2.3B	$2.3B	$2.3B
Other assets	$4.6B	$4.6B	$4.2B	$4.2B
Finance receivables, net	$524.0M	$580.0M	$596.0M	$585.0M
Other assets	$5.0M	$3.0M	$16.0M	$17.0M
Total assets	$18.1B	$18.1B	$17.4B	$17.1B
Current portion of long-term debt	$355.0M	$355.0M	$356.0M	$356.0M
Accounts payable	$1.2B	$1.3B	$1.2B	$1.1B
Other current liabilities	$3.1B	$3.0B	$3.0B	$2.9B
Total current liabilities	$4.7B	$4.7B	$4.6B	$4.4B
Other liabilities	$1.9B	$2.0B	$1.9B	$1.8B
Long-term debt	$3.1B	$3.1B	$3.0B	$3.0B
Other liabilities	$50.0M	$44.0M	$47.0M	$57.0M
Debt	$339.0M	$339.0M	$340.0M	$340.0M
Total liabilities	$10.1B	$10.1B	$9.9B	$9.6B
Common stock	$22.0M	$22.0M	$23.0M	$23.0M
Capital surplus	$2.1B	$2.1B	$2.1B	$2.0B
Treasury stock	($434.0M)	($223.0M)	($722.0M)	($514.0M)
Retained earnings	$6.2B	$6.0B	$6.3B	$6.1B
Accumulated other comprehensive income	$95.0M	$111.0M	($173.0M)	($169.0M)
Total shareholders’ equity	$8.1B	$8.0B	$7.5B	$7.4B
Total liabilities and shareholders’ equity	$18.1B	$18.1B	$17.4B	$17.1B
Common shares outstanding (in shares)	171.9M	173.9M	176.1M	178.2M

Cash flow statement

Textron Inc cash flow statement, fiscal years

Line item	Jan 3, 2026 · FY	Dec 28, 2024 · FY	Dec 30, 2023 · FY	Dec 31, 2022 · FY
Income from continuing operations	$923.0M	$825.0M	$922.0M	$862.0M
Depreciation and amortization	$401.0M	$382.0M	$395.0M	$397.0M
Deferred income taxes	$155.0M	($48.0M)	($192.0M)	($220.0M)
Asset impairments and powersports inventory charge	$1.0M	$41.0M	—	—
Gain on business disposition	($4.0M)	—	$0	$0
Other, net	$134.0M	$102.0M	$90.0M	$94.0M
Accounts receivable, net	$107.0M	($96.0M)	($9.0M)	($26.0M)
Inventories	($264.0M)	($194.0M)	($359.0M)	($55.0M)
Other assets	($76.0M)	$205.0M	$267.0M	$35.0M
Accounts payable	$197.0M	($69.0M)	$2.0M	$235.0M
Other liabilities	$32.0M	$95.0M	$276.0M	$270.0M
Income taxes, net	($45.0M)	($26.0M)	$4.0M	$18.0M
Pension, net	($232.0M)	($225.0M)	($202.0M)	($165.0M)
Captive finance receivables, net	($17.0M)	($1.0M)	($17.0M)	$35.0M
Other operating activities, net	$1.0M	$24.0M	$2.0M	$8.0M
Net cash provided by operating activities of continuing operations	$1.3B	$1.0B	$1.3B	$1.5B
Net cash used in operating activities of discontinued operations	($1.0M)	($1.0M)	($1.0M)	($2.0M)
Net cash provided by operating activities	$1.3B	$1.0B	$1.3B	$1.5B
Capital expenditures	($383.0M)	($364.0M)	($402.0M)	($354.0M)
Net proceeds from corporate-owned life insurance policies	$80.0M	$85.0M	$40.0M	$23.0M
Net proceeds from business disposition	$16.0M	—	$0	$0
Proceeds from sale of property, plant and equipment	$9.0M	$4.0M	$18.0M	$22.0M
Net cash used in business acquisitions	($1.0M)	($13.0M)	($1.0M)	($202.0M)
Finance receivables repaid	$42.0M	$25.0M	$26.0M	$20.0M
Finance receivables originated	($58.0M)	($21.0M)	—	—
Proceeds from the disposition of non-captive assets	$72.0M	—	—	—
Other investing activities, net	$16.0M	$0	$2.0M	$44.0M
Net cash provided by (used in) investing activities	($207.0M)	($284.0M)	($317.0M)	($447.0M)
Net proceeds from long-term debt	$991.0M	$0	$348.0M	$0
Principal payments on long-term debt and nonrecourse debt	($720.0M)	($377.0M)	($44.0M)	($234.0M)
Purchases of Textron common stock	($822.0M)	($1.1B)	($1.2B)	($867.0M)
Proceeds from exercise of stock options	$40.0M	$88.0M	$73.0M	$44.0M
Dividends paid	($18.0M)	($12.0M)	($16.0M)	($17.0M)
Other financing activities, net	($14.0M)	($30.0M)	($6.0M)	($3.0M)
Net cash used in financing activities	($543.0M)	($1.5B)	($813.0M)	($1.1B)
Effect of exchange rate changes on cash and equivalents	$22.0M	($16.0M)	$10.0M	($32.0M)
Net increase (decrease) in cash and equivalents	$584.0M	($740.0M)	$146.0M	($82.0M)
Cash and equivalents at beginning of year	$1.4B	$2.2B	$2.0B	$2.1B
Cash and equivalents at end of year	$2.0B	$1.4B	$2.2B	$2.0B

Textron Inc cash flow statement, quarters

Line item	Jul 4, 2026 · YTD	Apr 4, 2026 · Q1	Sep 27, 2025 · YTD	Jun 28, 2025 · YTD
Net income	$468.0M	$220.0M	$687.0M	$452.0M
Depreciation and amortization	$190.0M	$96.0M	$289.0M	$192.0M
Deferred income taxes	$82.0M	$44.0M	$124.0M	($22.0M)
Gain on business disposition	$0	—	($4.0M)	($4.0M)
Other, net	$69.0M	$42.0M	$101.0M	$73.0M
Accounts receivable, net	($96.0M)	($61.0M)	($126.0M)	$54.0M
Inventories	($446.0M)	($289.0M)	($437.0M)	($284.0M)
Other assets	($29.0M)	($104.0M)	($5.0M)	($70.0M)
Accounts payable	$93.0M	$162.0M	$262.0M	$163.0M
Other liabilities	($88.0M)	($148.0M)	($46.0M)	($200.0M)
Income taxes, net	$20.0M	($5.0M)	($39.0M)	$46.0M
Pension, net	($121.0M)	($60.0M)	($174.0M)	($117.0M)
Captive finance receivables, net	$46.0M	($13.0M)	($30.0M)	($26.0M)
Other operating activities, net	($1.0M)	($1.0M)	$11.0M	$7.0M
Net cash provided by operating activities of continuing operations	$187.0M	—	$613.0M	$264.0M
Net cash used in operating activities of discontinued operations	$0	—	($1.0M)	($1.0M)
Net cash provided by operating activities	$187.0M	($117.0M)	$612.0M	$263.0M
Capital expenditures	($228.0M)	($133.0M)	($210.0M)	($134.0M)
Net proceeds from corporate-owned life insurance policies	$3.0M	$1.0M	$77.0M	$57.0M
Net proceeds from business disposition	$0	—	$16.0M	$16.0M
Proceeds from sale of property, plant and equipment	$6.0M	$2.0M	$9.0M	$9.0M
Finance receivables repaid	$13.0M	$7.0M	$22.0M	$17.0M
Finance receivables originated	($15.0M)	($9.0M)	($40.0M)	($21.0M)
Proceeds from the disposition of non-captive assets	$24.0M	$24.0M	$66.0M	—
Other investing activities, net	$4.0M	$4.0M	$16.0M	$15.0M
Net cash provided by (used in) investing activities	($193.0M)	($104.0M)	($45.0M)	$17.0M
Proceeds from issuance of debt	$0	$0	$495.0M	$495.0M
Principal payments on long-term debt and nonrecourse debt	($75.0M)	($74.0M)	($367.0M)	($364.0M)
Purchases of Textron common stock	($377.0M)	($168.0M)	($635.0M)	($429.0M)
Proceeds from stock options exercised	$61.0M	$56.0M	$25.0M	$10.0M
Dividends paid	($7.0M)	($3.0M)	($11.0M)	($7.0M)
Other financing activities, net	($11.0M)	($4.0M)	($14.0M)	($15.0M)
Net cash used in financing activities	($409.0M)	($193.0M)	($507.0M)	($310.0M)
Effect of exchange rate changes on cash and equivalents	($4.0M)	($1.0M)	$21.0M	$23.0M
Net increase (decrease) in cash and equivalents	($419.0M)	($415.0M)	$81.0M	($7.0M)
Cash and equivalents at beginning of period	$2.0B	$2.0B	$1.4B	$1.4B
Cash and equivalents at end of period	$1.6B	$1.6B	$1.5B	$1.4B

Textron Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.