Exhibit 99.2
TEXTRON INC.
UPDATES TO ANNUAL REPORT ON FORM 10-K
(UPDATED BY THIS CURRENT REPORT ON FORM 8-K)
FOR THE FISCAL YEAR ENDED DECEMBER 29, 2007
Item 6. Selected Financial Data
| (Dollars in millions, except per share amounts and where otherwise noted) | | 2007 | | | 2006 | | | 2005 | | | 2004 | | | 2003 | |
| Revenues | | | | | | | | | | | | | | | |
| Cessna | | $ | 5,000 | | | $ | 4,156 | | | $ | 3,480 | | | $ | 2,473 | | | $ | 2,299 | |
| Bell | | | 2,581 | | | | 2,347 | | | | 2,075 | | | | 1,615 | | | | 1,755 | |
| Defense & Intelligence | | | 1,334 | | | | 1,061 | | | | 806 | | | | 639 | | | | 593 | |
| Industrial | | | 3,435 | | | | 3,128 | | | | 3,054 | | | | 3,046 | | | | 2,836 | |
| Finance | | | 875 | | | | 798 | | | | 628 | | | | 545 | | | | 572 | |
| Total revenues | | $ | 13,225 | | | $ | 11,490 | | | $ | 10,043 | | | $ | 8,318 | | | $ | 8,055 | |
| Segment profit | | | | | | | | | | | | | | | | | | | | |
| Cessna | | $ | 865 | | | $ | 645 | | | $ | 457 | | | $ | 267 | | | $ | 199 | |
| Bell | | | 144 | | | | 108 | | | | 269 | | | | 156 | | | | 150 | |
| Defense & Intelligence | | | 191 | | | | 141 | | | | 99 | | | | 94 | | | | 84 | |
| Industrial | | | 218 | | | | 163 | | | | 150 | | | | 194 | | | | 150 | |
| Finance | | | 222 | | | | 210 | | | | 171 | | | | 139 | | | | 122 | |
| Total segment profit | | | 1,640 | | | | 1,267 | | | | 1,146 | | | | 850 | | | | 705 | |
| Special charges | | | — | | | | — | | | | (118 | ) | | | (59 | ) | | | (77 | ) |
| Gain on sale of businesses | | | — | | | | — | | | | — | | | | — | | | | 15 | |
| Corporate expenses and other, net | | | (253 | ) | | | (202 | ) | | | (199 | ) | | | (157 | ) | | | (123 | ) |
| Interest expense, net | | | (87 | ) | | | (90 | ) | | | (90 | ) | | | (94 | ) | | | (96 | ) |
| Income taxes | | | (385 | ) | | | (269 | ) | | | (223 | ) | | | (165 | ) | | | (109 | ) |
| Distributions on preferred securities, net of income taxes | | | — | | | | — | | | | — | | | | — | | | | (13 | ) |
| Income from continuing operations | | $ | 915 | | | $ | 706 | | | $ | 516 | | | $ | 375 | | | $ | 302 | |
| Per share of common stock** | | | | | | | | | | | | | | | | | | | | |
| Income from continuing operations — basic | | $ | 3.66 | | | $ | 2.76 | | | $ | 1.93 | | | $ | 1.36 | | | $ | 1.11 | |
| Income from continuing operations — diluted | | $ | 3.59 | | | $ | 2.71 | | | $ | 1.89 | | | $ | 1.34 | | | $ | 1.10 | |
| Dividends declared | | $ | 0.85 | | | $ | 0.78 | | | $ | 0.70 | | | $ | 0.66 | | | $ | 0.65 | |
| Book value at year-end | | $ | 13.99 | | | $ | 10.51 | | | $ | 12.55 | | | $ | 13.45 | | | $ | 13.40 | |
| Common stock price: High | | $ | 73.38 | | | $ | 49.19 | | | $ | 40.02 | | | $ | 37.31 | | | $ | 28.85 | |
| Low | | $ | 44.08 | | | $ | 37.88 | | | $ | 32.92 | | | $ | 25.42 | | | $ | 13.42 | |
| Year-end | | $ | 71.62 | | | $ | 46.88 | | | $ | 38.49 | | | $ | 36.90 | | | $ | 28.59 | |
Common shares outstanding (In thousands)** | | | | | | | | | | | | | | | | | | | | |
| Basic average | | | 249,792 | | | | 255,098 | | | | 267,062 | | | | 274,674 | | | | 271,750 | |
| Diluted average* | | | 254,826 | | | | 260,444 | | | | 272,892 | | | | 280,339 | | | | 274,434 | |
| Year-end | | | 250,061 | | | | 251,192 | | | | 260,370 | | | | 270,746 | | | | 274,476 | |
| Financial position | | | | | | | | | | | | | | | | | | | | |
| Total assets | | $ | 19,956 | | | $ | 17,550 | | | $ | 16,499 | | | $ | 15,875 | | | $ | 15,171 | |
| Manufacturing group debt | | $ | 2,148 | | | $ | 1,800 | | | $ | 1,934 | | | $ | 1,770 | | | $ | 2,008 | |
| Finance group debt | | $ | 7,311 | | | $ | 6,862 | | | $ | 5,420 | | | $ | 4,783 | | | $ | 4,407 | |
| Mandatorily redeemable preferred securities — Finance group | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 26 | |
| Shareholders’ equity | | $ | 3,507 | | | $ | 2,649 | | | $ | 3,276 | | | $ | 3,652 | | | $ | 3,690 | |
| Manufacturing group debt-to-capital (net of cash) | | | 32 | % | | | 29 | % | | | 26 | % | | | 25 | % | | | 30 | % |
| Manufacturing group debt-to-capital | | | 38 | % | | | 40 | % | | | 37 | % | | | 33 | % | | | 35 | % |
| Investment data | | | | | | | | | | | | | | | | | | | | |
| Capital expenditures, including capital leases | | $ | 423 | | | $ | 447 | | | $ | 380 | | | $ | 294 | | | $ | 289 | |
| Depreciation | | $ | 298 | | | $ | 271 | | | $ | 284 | | | $ | 265 | | | $ | 260 | |
| Research and development | | $ | 814 | | | $ | 786 | | | $ | 692 | | | $ | 574 | | | $ | 573 | |
| Other data | | | | | | | | | | | | | | | | | | | | |
| Number of employees at year-end | | | 44,000 | | | | 40,000 | | | | 37,000 | | | | 34,000 | | | | 31,000 | |
| Number of common shareholders at year-end | | | 15,000 | | | | 16,000 | | | | 17,000 | | | | 18,000 | | | | 19,000 | |
* Diluted average common shares outstanding assumes full conversion of outstanding preferred stock and exercise of stock options.
** All prior periods presented have been restated to reflect a two-for-one stock split in 2007.
