Textron (TXT) 10-Q 24 Oct 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 28, 2013	Oct. 11, 2013
Document and Entity Information
Entity Registrant Name	TEXTRON INC
Entity Central Index Key	217346
Document Type	10-Q
Document Period End Date	28-Sep-13
Amendment Flag	FALSE
Current Fiscal Year End Date	-16
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		281,150,492
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Revenues
Manufacturing revenues	$2,871	$2,936	$8,492	$8,695
Finance revenues	33	64	106	180
Total revenues	2,904	3,000	8,598	8,875
Costs and expenses
Cost of sales	2,473	2,475	7,193	7,222
Selling and administrative expense	245	264	820	852
Interest expense	41	52	134	160
Total costs and expenses	2,759	2,791	8,147	8,234
Income from continuing operations before income taxes	145	209	451	641
Income tax expense	47	67	124	206
Income from continuing operations	98	142	327	435
Income from discontinued operations, net of income taxes	1	9	4	6
Net income	$99	$151	$331	$441
Basic earnings per share
Continuing operations (in dollars per share)	$0.35	$0.51	$1.18	$1.55
Discontinued operations (in dollars per share)		$0.03	$0.01	$0.02
Basic earnings per share (in dollars per share)	$0.35	$0.54	$1.19	$1.57
Diluted earnings per share
Continuing operations (in dollars per share)	$0.35	$0.48	$1.15	$1.47
Discontinued operations (in dollars per share)		$0.03	$0.01	$0.02
Diluted earnings per share (in dollars per share)	$0.35	$0.51	$1.16	$1.49
Dividends per share
Common stock (in dollars per share)	$0.02	$0.02	$0.06	$0.06

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Consolidated Statements of Comprehensive Income
Net income	$99	$151	$331	$441
Other comprehensive income, net of tax:
Pension and postretirement benefits adjustments, net of reclassifications	64	21	127	63
Deferred gains/losses on hedge contracts, net of reclassifications	2	8	-11	5
Foreign currency translation adjustments	12	8	3	-5
Other comprehensive income	78	37	119	63
Comprehensive income	$177	$188	$450	$504

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 28, 2013	Dec. 29, 2012
In Millions, except Share data in Thousands, unless otherwise specified
Assets
Cash and equivalents	$637	$1,413
Inventories	3,220	2,712
Total assets	12,457	13,033
Liabilities
Total liabilities	8,877	10,042
Shareholders' equity
Common stock	37	35
Capital surplus	1,372	1,177
Retained earnings	4,138	3,824
Accumulated other comprehensive loss	-1,651	-1,770
Total shareholders' equity including cost of treasury shares	3,896	3,266
Less cost of treasury shares	316	275
Total shareholders' equity	3,580	2,991
Total liabilities and shareholders' equity	12,457	13,033
Common shares outstanding	281,071	271,263
Manufacturing group
Assets
Cash and equivalents	444	1,378
Accounts receivable, net	1,024	829
Inventories	3,220	2,712
Other current assets	501	470
Total current assets	5,189	5,389
Property, plant and equipment, less accumulated depreciation and amortization of $3,405 and $3,277	2,163	2,149
Goodwill	1,675	1,649
Other assets	1,499	1,524
Total assets	10,526	10,711
Liabilities
Current portion of long-term debt and short-term debt	104	535
Accounts payable	1,004	1,021
Accrued liabilities	1,775	1,956
Total current liabilities	2,883	3,512
Other liabilities	2,504	2,798
Long-term debt	1,916	1,766
Total liabilities	7,303	8,076
Finance group
Assets
Cash and equivalents	193	35
Finance receivables held for investment, net	1,436	1,850
Finance receivables held for sale	91	140
Other assets	211	297
Total assets	1,931	2,322
Liabilities
Other liabilities	296	280
Debt	1,278	1,686
Total liabilities	$1,574	$1,966

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 28, 2013	Dec. 29, 2012
In Millions, unless otherwise specified
Consolidated Balance Sheets
Accumulated depreciation and amortization	$3,405	$3,277

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012
Cash flows from operating activities
Net income	$331	$441
Less: Income from discontinued operations	4	6
Income from continuing operations	327	435
Non-cash items:
Depreciation and amortization	285	277
Deferred income taxes	74	111
Other, net	38	61
Changes in assets and liabilities:
Accounts receivable, net	-178	-56
Inventories	-443	-409
Other assets	-51	31
Accounts payable	-25	108
Accrued and other liabilities	-276	-312
Income taxes, net	-96	71
Pension, net	-17	-57
Captive finance receivables, net	257	148
Other operating activities, net	2	-6
Net cash provided by (used in) operating activities of continuing operations	-103	402
Net cash used in operating activities of discontinued operations	-5	-5
Net cash provided by (used in) operating activities	-108	397
Cash flows from investing activities
Finance receivables repaid	157	478
Proceeds from sales of receivables and other finance assets	152	184
Capital expenditures	-300	-314
Net cash used in acquisitions	-53	-8
Other investing activities, net	13	-1
Net cash provided by (used in) investing activities	-31	339
Cash flows from financing activities
Principal payments on long-term and nonrecourse debt	-997	-474
Settlement of convertible debt	-215	-2
Proceeds from long-term debt	412	88
Increase in short-term debt	96
Proceeds from settlement of capped call	75
Dividends paid	-16	-17
Other financing activities, net	16	17
Net cash used in financing activities	-629	-388
Effect of exchange rate changes on cash and equivalents	-8	5
Net increase (decrease) in cash and equivalents	-776	353
Cash and equivalents at beginning of period	1,413	885
Cash and equivalents at end of period	637	1,238
Manufacturing Group
Cash flows from operating activities
Net income	300	400
Less: Income from discontinued operations	4	6
Income from continuing operations	296	394
Adjustments to reconcile income from continuing operations to net cash provided by (used in) operating activities:
Dividends received from Finance Group	30	345
Capital contribution paid to Finance Group	-1	-240
Non-cash items:
Depreciation and amortization	271	257
Deferred income taxes	29	93
Other, net	69	73
Changes in assets and liabilities:
Accounts receivable, net	-178	-56
Inventories	-459	-419
Other assets	-40	36
Accounts payable	-25	108
Accrued and other liabilities	-262	-284
Income taxes, net	-101	153
Pension, net	-12	-57
Other operating activities, net	2	-6
Net cash provided by (used in) operating activities of continuing operations	-381	397
Net cash used in operating activities of discontinued operations	-5	-5
Net cash provided by (used in) operating activities	-386	392
Cash flows from investing activities
Capital expenditures	-300	-314
Net cash used in acquisitions	-53	-8
Other investing activities, net	19	9
Net cash provided by (used in) investing activities	-334	-313
Cash flows from financing activities
Principal payments on long-term and nonrecourse debt	-312	-139
Settlement of convertible debt	-215	-2
Proceeds from long-term debt	150
Increase in short-term debt	96
Proceeds from settlement of capped call	75
Intergroup financing		418
Dividends paid	-16	-17
Other financing activities, net	16	17
Net cash used in financing activities	-206	277
Effect of exchange rate changes on cash and equivalents	-8	5
Net increase (decrease) in cash and equivalents	-934	361
Cash and equivalents at beginning of period	1,378	871
Cash and equivalents at end of period	444	1,232
Finance Group
Cash flows from operating activities
Net income	31	41
Income from continuing operations	31	41
Non-cash items:
Depreciation and amortization	14	20
Deferred income taxes	45	18
Other, net	-31	-12
Changes in assets and liabilities:
Other assets	-11	-5
Accrued and other liabilities	-24	-28
Income taxes, net	5	-82
Pension, net	-5
Net cash provided by (used in) operating activities of continuing operations	24	-48
Net cash provided by (used in) operating activities	24	-48
Cash flows from investing activities
Finance receivables repaid	558	798
Proceeds from sales of receivables and other finance assets	152	184
Finance receivables originated or purchased	-164	-194
Other investing activities, net	40	22
Net cash provided by (used in) investing activities	586	810
Cash flows from financing activities
Principal payments on long-term and nonrecourse debt	-685	-335
Proceeds from long-term debt	262	88
Intergroup financing		-418
Capital contributions paid to Finance group	1	240
Dividends paid	-30	-345
Net cash used in financing activities	-452	-770
Net increase (decrease) in cash and equivalents	158	-8
Cash and equivalents at beginning of period	35	14
Cash and equivalents at end of period	$193	$6

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Sep. 28, 2013
Basis of Presentation
Basis of Presentation	Note 1.  Basis of Presentation
	Our consolidated financial statements include the accounts of Textron Inc. (Textron) and its majority-owned subsidiaries.  We have prepared these unaudited consolidated financial statements in accordance with accounting principles generally accepted in the U.S. for interim financial information.  Accordingly, these interim financial statements do not include all of the information and footnotes required by accounting principles generally accepted in the U.S. for complete financial statements.  The consolidated interim financial statements included in this quarterly report should be read in conjunction with the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 29, 2012.  In the opinion of management, the interim financial statements reflect all adjustments (consisting only of normal recurring adjustments) that are necessary for the fair presentation of our consolidated financial position, results of operations and cash flows for the interim periods presented.  The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year.
	Our financings are conducted through two separate borrowing groups.  The Manufacturing group consists of Textron Inc. consolidated with its majority-owned subsidiaries that operate in the Cessna, Bell, Textron Systems and Industrial segments.  The Finance group, which also is the Finance segment, consists of Textron Financial Corporation (TFC), its consolidated subsidiaries and three other finance subsidiaries owned by Textron.  We designed this framework to enhance our borrowing power by separating the Finance group.  Our Manufacturing group operations include the development, production and delivery of tangible goods and services, while our Finance group provides financial services.  Due to the fundamental differences between each borrowing group’s activities, investors, rating agencies and analysts use different measures to evaluate each group’s performance.  To support those evaluations, we present balance sheet and cash flow information for each borrowing group within the consolidated financial statements.  All significant intercompany transactions are eliminated from the consolidated financial statements, including retail and wholesale financing activities for inventory sold by our Manufacturing group and financed by our Finance group.
	Use of Estimates
	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.
	During 2013 and 2012, we changed our estimates of revenues and costs on certain long-term contracts that are accounted for under the percentage-of-completion method of accounting.  The changes in estimates included in income from continuing operations before income taxes in the third quarter of 2013 and 2012 were $4 million and $(6) million, respectively, ($2 million and $(4) million after tax, or $0.01 and $(0.02) per diluted share, respectively).  For the third quarter of 2013 and 2012, the gross favorable program profit adjustments totaled $12 million and $12 million, respectively, and the gross unfavorable program profit adjustments totaled $8 million and $18 million, respectively.
	The changes in estimates increased income from continuing operations before income taxes in the first nine months of 2013 and 2012 by $13 million and $10 million, ($8 million and $6 million after tax, or $0.03 and $0.02 per diluted share, respectively).  For the first nine months of 2013 and 2012, the gross favorable program profit adjustments totaled $30 million and $52 million, respectively, and the gross unfavorable program profit adjustments totaled $17 million and $42 million, respectively.

Retirement_Plans

Retirement Plans	9 Months Ended
	Sep. 28, 2013
Retirement Plans
Retirement Plans	Note 2.  Retirement Plans
	We provide defined benefit pension plans and other postretirement benefits to eligible employees.  The components of net periodic benefit cost for these plans are as follows:
		Pension Benefits					Postretirement Benefits
							Other Than Pensions
	(In millions)	September 28,		September 29,			September 28,		September 29,
		2013		2012			2013		2012
	Three Months Ended
	Service cost	$	33	$	30		$	1	$	2
	Interest cost	72		77			5		6
	Expected return on plan assets	-104		(102		)	—		—
	Amortization of prior service cost (credit)	4		4			-6		(3		)
	Amortization of net actuarial loss	46		29			2		2
	Net periodic benefit cost	$	51	$	38		$	2	$	7
	Nine Months Ended
	Service cost	$	100	$	89		$	5	$	5
	Interest cost	218		229			15		19
	Expected return on plan assets	-314		(305		)	—		—
	Amortization of prior service cost (credit)	11		12			-11		(9		)
	Amortization of net actuarial loss	138		88			5		5
	Net periodic benefit cost	$	153	$	113		$	14	$	20
	Retirement Plan Amendment
	During the third quarter of 2013, we amended one of our postretirement benefit plans which triggered a re-measurement of the plan’s projected benefit obligation. The discount rate for this plan was increased to 4.50% from 3.75%, while other assumptions remained consistent with year-end assumptions. As a result of the amendment and the revised discount rate, we recorded a reduction in unrealized losses and prior service cost of $55 million through other comprehensive income in the third quarter of 2013.

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 28, 2013
Earnings Per Share
Earnings Per Share	Note 3.  Earnings Per Share
	We calculate basic and diluted earnings per share (EPS) based on net income, which approximates income available to common shareholders for each period.  Basic EPS is calculated using the two-class method, which includes the weighted-average number of common shares outstanding during the period and restricted stock units to be paid in stock that are deemed participating securities as they provide nonforfeitable rights to dividends.  Diluted EPS considers the dilutive effect of all potential future common stock, including stock options, restricted stock units and the shares that could have been issued upon the conversion of our convertible notes prior to their maturity on May 1, 2013 and upon the exercise of the related warrants.
	The dilutive effect of the convertible notes and warrants decreased significantly in 2013 from the 2012 dilutive effect due to the maturity of our convertible notes as described more fully in Note 6.  As disclosed in Note 8 of our 2012 Annual Report on Form 10-K, we intended to settle the face value of the notes in cash and the excess of the conversion value over the face value in cash and/or shares of our common stock; accordingly, only the shares of our common stock potentially issuable with respect to the excess of the notes’ conversion value over the face amount were considered in calculating diluted EPS.  The call options purchased in connection with the issuance of the convertible notes and the capped call transaction were excluded from the calculation of diluted EPS as their impact was always anti-dilutive.
	The weighted-average shares outstanding for basic and diluted EPS are as follows:
		Three Months Ended		Nine Months Ended
	(In thousands)	September 28,	September 29,	September 28,	September 29,
		2013	2012	2013	2012
	Basic weighted-average shares outstanding	281,525	281,813	278,296	280,983
	Dilutive effect of:	—	14,763	6,226	14,219
	Convertible notes and warrants
	Stock options and restricted stock units	185	344	221	495
	Diluted weighted-average shares outstanding	281,710	296,920	284,743	295,697
	Stock options to purchase 6 million and 5 million shares of common stock outstanding are excluded from our calculation of diluted weighted-average shares outstanding for the three and nine months ended September 28, 2013, respectively, as their effect would have been anti-dilutive.  Stock options to purchase 5 million and 7 million shares of common stock outstanding are excluded from our calculation of diluted weighted-average shares outstanding for the three and nine months ended September 29, 2012, respectively. The effect of these securities would have been anti-dilutive.

Accounts_Receivable_and_Financ

Accounts Receivable and Finance Receivables	9 Months Ended
	Sep. 28, 2013
Accounts Receivable and Finance Receivables
Accounts Receivable and Finance Receivables	Note 4.  Accounts Receivable and Finance Receivables
	Accounts Receivable
	Accounts receivable is composed of the following:
	(In millions)	September 28,		December 29,
		2013		2012
	Commercial	$        708		$       534
	U.S. Government contracts	340		314
		1,048		848
	Allowance for doubtful accounts	-24		(19	)
	Total	$     1,024		$       829
	We have unbillable receivables, primarily on U.S. Government contracts, that arise when the revenues we have appropriately recognized based on performance cannot be billed yet under terms of the contract.  Unbillable receivables within accounts receivable totaled $136 million at September 28, 2013 and $149 million at December 29, 2012.
	Finance Receivables
	Finance receivables by portfolio, which includes both finance receivables held for investment and finance receivables held for sale, are presented in the following table:
	(In millions)	September 28,		December 29,
		2013		2012
	Captive	$     1,379		$     1,704
	Non-captive	210		370
	Total finance receivables	1,589		2,074
	Less: Allowance for losses	62		84
	Less: Finance receivables held for sale	91		140
	Total finance receivables held for investment, net	$     1,436		$     1,850
	In the third quarter of 2013, we determined that we no longer had the intent to hold the remaining non-captive loan portfolio for the foreseeable future and, accordingly, transferred $34 million of the remaining non-captive loans, net of a $1 million allowance for losses, from the held for investment classification to the held for sale classification.
	Credit Quality Indicators and Nonaccrual Finance Receivables
	We internally assess the quality of our finance receivables held for investment portfolio based on a number of key credit quality indicators and statistics such as delinquency, loan balance to estimated collateral value and the financial strength of individual borrowers and guarantors.  Because many of these indicators are difficult to apply across an entire class of receivables, we evaluate individual loans on a quarterly basis and classify these loans into three categories based on the key credit quality indicators for the individual loan.  These three categories are performing, watchlist and nonaccrual.
	We classify finance receivables held for investment as nonaccrual if credit quality indicators suggest full collection of principal and interest is doubtful.  In addition, we automatically classify accounts as nonaccrual once they are contractually delinquent by more than three months unless collection of principal and interest is not doubtful.  Recognition of interest income is suspended for these accounts and all cash collections are used to reduce the net investment balance.  We resume the accrual of interest when the loan becomes contractually current through payment according to the original terms of the loan or, if a loan has been modified, following a period of performance under the terms of the modification, provided we conclude that collection of all principal and interest is no longer doubtful.  Previously suspended interest income is recognized at that time.
	Accounts are classified as watchlist when credit quality indicators have deteriorated as compared with typical underwriting criteria, and we believe collection of full principal and interest is probable but not certain.  All other finance receivables held for investment that do not meet the watchlist or nonaccrual categories are classified as performing.
	A summary of finance receivables held for investment categorized based on the credit quality indicators discussed above is as follows:
		September 28, 2013								December 29, 2012
	(In millions)	Performing		Watchlist		Nonaccrual		Total		Performing		Watchlist	Nonaccrual		Total
	Captive	$    1,173		$    101		$    105		$    1,379		$    1,476		$    130	$        98		$    1,704
	Non-captive	119		—		—		119		185		—	45		230
	Total	$    1,292		$    101		$    105		$    1,498		$    1,661		$    130	$      143		$    1,934
	% of Total	86.30%		6.70%		7.00%				85.90%		6.70%	7.40%
	We measure delinquency based on the contractual payment terms of our loans and leases.  In determining the delinquency aging category of an account, any/all principal and interest received is applied to the most past-due principal and/or interest amounts due.  If a significant portion of the contractually due payment is delinquent, the entire finance receivable balance is reported in accordance with the most past-due delinquency aging category.
	Finance receivables held for investment by delinquency aging category are summarized in the table below:
		September 28, 2013										December 29, 2012
	(In millions)	Less Than		31-60		61-90		Over		Total		Less Than	31-60		61-90		Over	Total
		31 Days		Days		Days		90 Days				31 Days	Days		Days		90 Days
		Past Due		Past Due		Past Due		Past Due				Past Due	Past Due		Past Due		Past Due
	Captive	$  1,206		$      85		$      62		$      26		$  1,379		$   1,531	$      87		$      55		$      31	$  1,704
	Non-captive	119		—		—		—		119		226	—		1		3	230
	Total	$  1,325		$     85		$      62		$      26		$  1,498		$   1,757	$      87		$      56		$      34	$  1,934
	We had no accrual status loans greater than 90 days past due at September 28, 2013 or December 29, 2012.  At September 28, 2013 and December 29, 2012, 60+ days contractual delinquency as a percentage of finance receivables held for investment was 5.87% and 4.65%, respectively.
	Loan Modifications
	Troubled debt restructurings occur when we have either modified the contract terms of finance receivables held for investment for borrowers experiencing financial difficulties or accepted a transfer of assets in full or partial satisfaction of the loan balance.  The types of modifications we typically make include extensions of the original maturity date of the contract, delays in the timing of required principal payments, deferrals of interest payments, advances to protect the value of our collateral and principal reductions contingent on full repayment prior to the maturity date.  The changes effected by modifications made during the first nine months of 2013 and 2012 to finance receivables held for investment were not material.
	Impaired Loans
	We evaluate individual finance receivables held for investment in non-homogeneous portfolios and larger accounts in homogeneous loan portfolios for impairment on a quarterly basis.  Finance receivables classified as held for sale are reflected at the lower of cost or fair value and are excluded from these evaluations.  A finance receivable is considered impaired when it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement based on our review of the credit quality indicators discussed above.  Impaired finance receivables include both nonaccrual accounts and accounts for which full collection of principal and interest remains probable, but the account’s original terms have been, or are expected to be, significantly modified.  If the modification specifies an interest rate equal to or greater than a market rate for a finance receivable with comparable risk, the account is not considered impaired in years subsequent to the modification.  Interest income recognized on impaired loans was not significant in the first nine months of 2013 or 2012.
	A summary of impaired finance receivables, excluding leveraged leases, is provided below:
		Recorded Investment
	(In millions)	Impaired			Impaired			Total			Unpaid		Allowance			Average
		Loans with			Loans with			Impaired			Principal		For Losses On			Recorded
		No Related			Related			Loans			Balance		Impaired			Investment
		Allowance for			Allowance for								Loans
		Credit Losses			Credit Losses
	September 28, 2013
	Captive	$	64		$	76		$	140		$	143	$	21		$	135
	Non-captive	—			—			—			—		—			24
	Total	$	64		$	76		$	140		$	143	$	21		$	159
	December 29, 2012
	Captive	$	61		$	66		$	127		$	128	$	15		$	121
	Non-captive	11			33			44			59		12			149
	Total	$	72		$	99		$	171		$	187	$	27		$	270
	A summary of the allowance for losses on finance receivables that are evaluated on an individual and on a collective basis is provided below.  The finance receivables reported in this table specifically exclude $119 million and $122 million of leveraged leases at September 28, 2013 and December 29, 2012, respectively, in accordance with authoritative accounting standards.
		September 28, 2013								December 29, 2012
	Finance				Allowance		Allowance		Finance			Allowance		Allowance
	Receivables Evaluated				Based on		Based on		Receivables Evaluated			Based on		Based on
					Individual		Collective					Individual		Collective
(In millions)	Individually		Collectively		Evaluation		Evaluation		Individually		Collectively	Evaluation		Evaluation
Captive	$     140		$   1,239		$      21		$      41		$      127		$   1,577	$      15		$      55
Non-captive	—		—		—		—		44		64	12		2
Total	$     140		$   1,239		$      21		$      41		$      171		$   1,641	$      27		$      57
Allowance for Losses
We maintain the allowance for losses on finance receivables held for investment at a level considered adequate to cover inherent losses in the portfolio based on management’s evaluation.  For larger balance accounts specifically identified as impaired, including large accounts in homogeneous portfolios, a reserve is established based on comparing the expected future cash flows, discounted at the finance receivable’s effective interest rate, or the fair value of the underlying collateral if the finance receivable is collateral dependent, to its carrying amount.  The expected future cash flows consider collateral value; financial performance and liquidity of our borrower; existence and financial strength of guarantors; estimated recovery costs, including legal expenses; and costs associated with the repossession/foreclosure and eventual disposal of collateral.  When there is a range of potential outcomes, we perform multiple discounted cash flow analyses and weight the potential outcomes based on their relative likelihood of occurrence.  The evaluation of our portfolio is inherently subjective, as it requires estimates, including the amount and timing of future cash flows expected to be received on impaired finance receivables and the estimated fair value of the underlying collateral, which may differ from actual results.  While our analysis is specific to each individual account, critical factors included in this analysis for the Captive product line include industry valuation guides, age and physical condition of the collateral, payment history and existence and financial strength of guarantors.
We also establish an allowance for losses to cover probable but specifically unknown losses existing in the portfolio.  For the Captive product line, the allowance is established as a percentage of non-recourse finance receivables, which have not been identified as requiring specific reserves.  The percentage is based on a combination of factors, including historical loss experience, current delinquency and default trends, collateral values and both general economic and specific industry trends.
Finance receivables held for investment are charged off at the earlier of the date the collateral is repossessed or when no payment has been received for six months, unless management deems the receivable collectible.
A rollforward of the allowance for losses on finance receivables held for investment is provided below:
(In millions)	Captive			Non-captive			Total
For the nine months ended September 28, 2013
Beginning balance	$	70		$	14		$	84
Provision for losses	(6		)	(17		)	(23		)
Charge-offs	(7		)	(2		)	(9		)
Recoveries	5			6			11
Transfers	—			(1		)	(1		)
Ending balance	$	62		$	—		$	62
For the nine months ended September 29, 2012
Beginning balance	$	101		$	55		$	156
Provision for losses	1			(5		)	(4		)
Charge-offs	(40		)	(38		)	(78		)
Recoveries	8			4			12
Ending balance	$	70		$	16		$	86

Inventories

Inventories	9 Months Ended
	Sep. 28, 2013
Inventories
Inventories	Note 5.  Inventories
	(In millions)	September 28,		December 29,
		2013		2012
	Finished goods	$	1,374	$	1,329
	Work in process	2,679		2,247
	Raw materials	433		437
		4,486		4,013
	Progress/milestone payments	-1,266		(1,301		)
	Total	$	3,220	$	2,712

Debt

Debt	9 Months Ended
	Sep. 28, 2013
Debt
Debt	Note 6.  Debt
	On October 4, 2013, Textron entered into a senior unsecured revolving credit facility for an aggregate principal amount of $1.0 billion, of which up to $100 million is available for the issuance of letters of credit. This facility expires in October 2018 and replaced the existing 4-year facility that was scheduled to expire in March 2015. At September 28, 2013, there were no amounts borrowed against the prior facility.
	4.50% Convertible Senior Notes and Related Transactions
	On May 1, 2013, our remaining convertible senior notes matured, and we paid the holders of the notes $215 million in settlement of the face value of the notes.  In addition, we issued 8.9 million shares of our common stock to converting holders in settlement of the excess of the conversion value over the face value of the notes; however, after giving effect to the exercise of the related call options and warrants discussed below, the incremental share settlement in excess of the face value of the notes resulted in a 7.4 million net share issuance.
	Concurrently with the pricing of the convertible notes in May 2009, we entered into transactions with two counterparties, pursuant to which we purchased from the counterparties call options to acquire our common stock and sold to the counterparties warrants to purchase our common stock.   The call options settled on May 1, 2013, while the warrants settled daily over a 45-day period beginning on February 27, 2013.  We acquired 8.9 million shares of our common stock upon the settlement of the call options and issued an aggregate of 7.4 million shares of our common stock in connection with the settlement of the warrants during the first half of 2013.  The settlement of the call options and warrants resulted in a $39 million net increase in treasury stock during 2013.
	As disclosed in Note 8 of our 2012 Form 10-K, we previously entered into capped call transactions with the counterparties that covered an aggregate of 28.7 million shares of our common stock as of the end of 2012.  The capped calls had a strike price of $13.125 per share and a cap price of $15.75 per share, which entitled us to receive the per share value of our stock price in excess of $13.125 up to a maximum stock price of $15.75 at the expiration date.  Upon expiration of the capped calls, the market price of our common stock exceeded the maximum stock price, and we received $75 million in cash from the counterparties.

Accrued_Liabilities

Accrued Liabilities	9 Months Ended
	Sep. 28, 2013
Accrued Liabilities
Accrued Liabilities	Note 7.  Accrued Liabilities
	We provide limited warranty and product maintenance programs, including parts and labor, for certain products for periods ranging from one to five years. Changes in our warranty and product maintenance liabilities are as follows:
		Nine Months Ended
	(In millions)	September 28,		September 29,
		2013		2012
	Accrual at the beginning of period	$	222	$	224
	Provision	203		190
	Settlements	-210		(187		)
	Adjustments to prior accrual estimates	-3		(2		)
	Accrual at the end of period	$	212	$	225

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Loss and Other Comprehensive Income	9 Months Ended
	Sep. 28, 2013
Accumulated Other Comprehensive Loss and Other Comprehensive Income
Accumulated Other Comprehensive Loss and Other Comprehensive Income	Note 8.  Accumulated Other Comprehensive Loss and Other Comprehensive Income
	The components of Accumulated Other Comprehensive Loss are presented below:
	(In millions)	Foreign			Pension and			Deferred			Accumulated
		Currency			Postretirement			Gains/Losses			Other
		Translation			Benefits			on Hedge			Comprehensive
		Adjustments			Adjustments			Contracts			Loss
	For the nine months ended September 28, 2013
	Beginning balance	$	81		$	(1,857	)	$	6		$	(1,770	)
	Other comprehensive income before reclassifications	3			—			(9		)	(6		)
	Amounts reclassified from Accumulated Other Comprehensive Loss	—			127			(2		)	125
	Other comprehensive income	3			127			(11		)	119
	Ending balance	$	84		$	(1,730	)	$	(5	)	$	(1,651	)
	For the nine months ended September 29, 2012
	Beginning balance	$	79		$	(1,711	)	$	7		$	(1,625	)
	Other comprehensive income before reclassifications	(5		)	—			15			10
	Amounts reclassified from Accumulated Other Comprehensive Loss	—			63			(10		)	53
	Other comprehensive income	(5		)	63			5			63
	Ending balance	$	74		$	(1,648	)	$	12		$	(1,562	)
	The before and after-tax components of Other Comprehensive Income are presented below:
	(In millions)	Pre-Tax			Tax			After-Tax
		Amount			(Expense)			Amount
					Benefit
	For the three months ended September 28, 2013
	Pension and postretirement benefits adjustments:
	Amortization of net actuarial loss*	$	48		$	(18	)	$	30
	Amortization of prior service cost*	(2		)	1			(1		)
	Amendment to postretirement benefit plan	55			(20		)	35
	Pension and postretirement benefits adjustments, net	101			(37		)	64
	Deferred gains/losses on hedge contracts:
	Current deferrals	3			(1		)	2
	Deferred gains/losses on hedge contracts, net	3			(1		)	2
	Foreign currency translation adjustments	8			4			12
	Total	$	112		$	(34	)	$	78
	For the three months ended September 29, 2012
	Pension and postretirement benefits adjustments:
	Amortization of net actuarial loss*	$	31		$	(10	)	$	21
	Amortization of prior service cost*	1			(1		)	—
	Pension and postretirement benefits adjustments, net	32			(11		)	21
	Deferred gains/losses on hedge contracts:
	Current deferrals	12			(3		)	9
	Reclassification adjustments	—			(1		)	(1		)
	Deferred gains/losses on hedge contracts, net	12			(4		)	8
	Foreign currency translation adjustments	1			7			8
	Total	$	45		$	(8	)	$	37
	For the nine months ended September 28, 2013
	Pension and postretirement benefits adjustments:
	Amortization of net actuarial loss*	$	143		$	(51	)	$	92
	Amendment to postretirement benefit plan	55			(20		)	35
	Pension and postretirement benefits adjustments, net	198			(71		)	127
	Deferred gains/losses on hedge contracts:
	Current deferrals	(11		)	2			(9		)
	Reclassification adjustments	(3		)	1			(2		)
	Deferred gains/losses on hedge contracts, net	(14		)	3			(11		)
	Foreign currency translation adjustments	6			(3		)	3
	Total	$	190		$	(71	)	$	119
	For the nine months ended September 29, 2012
	Pension and postretirement benefits adjustments:
	Amortization of net actuarial loss*	$	93		$	(32	)	$	61
	Amortization of prior service cost*	3			(1		)	2
	Pension and postretirement benefits adjustments, net	96			(33		)	63
	Deferred gains/losses on hedge contracts:
	Current deferrals	19			(4		)	15
	Reclassification adjustments	(12		)	2			(10		)
	Deferred gains/losses on hedge contracts, net	7			(2		)	5
Foreign currency translation adjustments	(9		)	4			(5		)
Total	$	94		$	(31	)	$	63
*These components of other comprehensive income are included in the computation of net periodic pension cost.  See Note 13 of our 2012 Annual Report on Form 10-K for additional information.
In the third quarter of 2013, we amended one of our postretirement benefit plans which triggered a re-measurement of the plan’s projected benefit obligation resulting in a $55 million reduction in unrealized losses and prior service costs, as discussed in Note 2.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 28, 2013
Commitments and Contingencies
Commitments and Contingencies	Note 9.  Commitments and Contingencies
	We are subject to legal proceedings and other claims arising out of the conduct of our business, including proceedings and claims relating to commercial and financial transactions; government contracts; compliance with applicable laws and regulations; production partners; product liability; employment; and environmental, safety and health matters.  Some of these legal proceedings and claims seek damages, fines or penalties in substantial amounts or remediation of environmental contamination.  As a government contractor, we are subject to audits, reviews and investigations to determine whether our operations are being conducted in accordance with applicable regulatory requirements.  Under federal government procurement regulations, certain claims brought by the U.S. Government could result in our being suspended or debarred from U.S. Government contracting for a period of time.  On the basis of information presently available, we do not believe that existing proceedings and claims will have a material effect on our financial position or results of operations.

Derivative_Instruments_and_Fai

Derivative Instruments and Fair Value Measurements	9 Months Ended
	Sep. 28, 2013
Derivative Instruments and Fair Value Measurements
Derivative Instruments and Fair Value Measurements
	Note 10.  Derivative Instruments and Fair Value Measurements
	We measure fair value at the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  We prioritize the assumptions that market participants would use in pricing the asset or liability into a three-tier fair value hierarchy.  This fair value hierarchy gives the highest priority (Level 1) to quoted prices in active markets for identical assets or liabilities and the lowest priority (Level 3) to unobservable inputs in which little or no market data exist, requiring companies to develop their own assumptions.  Observable inputs that do not meet the criteria of Level 1, and include quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets and liabilities in markets that are not active are categorized as Level 2.  Level 3 inputs are those that reflect our estimates about the assumptions market participants would use in pricing the asset or liability based on the best information available in the circumstances.  Valuation techniques for assets and liabilities measured using Level 3 inputs may include methodologies such as the market approach, the income approach or the cost approach and may use unobservable inputs such as projections, estimates and management’s interpretation of current market data.  These unobservable inputs are utilized only to the extent that observable inputs are not available or cost-effective to obtain.
	Assets and Liabilities Recorded at Fair Value on a Recurring Basis
	The assets and liabilities that are recorded at fair value on a recurring basis consist primarily of our derivative financial instruments, which are categorized as Level 2 in the fair value hierarchy.  The fair value amounts of these instruments that are designated as hedging instruments are provided below:
						Asset (Liability)
	(In millions)	Borrowing Group		Balance Sheet Location		September 28,			December 29,
						2013			2012
	Assets
	Interest rate exchange contracts*	Finance		Other assets		$	3		$	8
	Foreign currency exchange contracts	Manufacturing		Other current assets		—			9
	Total					$	3		$	17
	Liabilities
	Interest rate exchange contracts*	Finance		Other liabilities		$	(6)		$	(8	)
	Foreign currency exchange contracts	Manufacturing		Accrued liabilities		-7			(5		)
	Total					$	(13)		$	(13	)
	*Interest rate exchange contracts represent fair value hedges.
	The Finance group’s interest rate exchange contracts are not exchange traded and are measured at fair value utilizing widely accepted, third-party developed valuation models.  The actual terms of each individual contract are entered into a valuation model, along with interest rate and foreign exchange rate data, which is based on readily observable market data published by third-party leading financial news and data providers.  Credit risk is factored into the fair value of these assets and liabilities based on the differential between both our credit default swap spread for liabilities and the counterparty’s credit default swap spread for assets as compared with a standard AA-rated counterparty; however, this had no significant impact on the valuation at September 28, 2013.  At September 28, 2013 and December 29, 2012, we had interest rate exchange contracts with notional amounts upon which the contracts were based of $268 million and $671 million, respectively.
	Foreign currency exchange contracts are measured at fair value using the market method valuation technique.  The inputs to this technique utilize current foreign currency exchange forward market rates published by third-party leading financial news and data providers.  These are observable data that represent the rates that the financial institution uses for contracts entered into at that date; however, they are not based on actual transactions so they are classified as Level 2.  At September 28, 2013 and December 29, 2012, we had foreign currency exchange contracts with notional amounts upon which the contracts were based on $641 million and $664 million, respectively.
	Fair Value Hedges
	Our Finance group enters into interest rate exchange contracts to mitigate exposure to changes in the fair value of its fixed-rate receivables and debt due to fluctuations in interest rates.  By using these contracts, we are able to convert our fixed-rate cash flows to floating-rate cash flows.  The amount of ineffectiveness on our fair value hedges and the gain (loss) recorded in the Consolidated Statements of Operations were insignificant in both the first nine months of 2013 and 2012.
	Cash Flow Hedges
	We manufacture and sell our products in a number of countries throughout the world, and, therefore, we are exposed to movements in foreign currency exchange rates.  The primary purpose of our foreign currency hedging activities is to manage the volatility associated with foreign currency purchases of materials, foreign currency sales of products, and other assets and liabilities in the normal course of business.  We primarily utilize forward exchange contracts and purchased options with maturities of no more than three years that qualify as cash flow hedges and are intended to offset the effect of exchange rate fluctuations on forecasted sales, inventory purchases and overhead expenses.  At September 28, 2013, we had a net deferred loss of $5 million in Accumulated other comprehensive loss related to these cash flow hedges.  Net gains and losses recognized in earnings and Accumulated other comprehensive loss on these cash flow hedges, including gains and losses related to hedge ineffectiveness, were not material in three and nine months ended September 28, 2013 and September 29, 2012.  We do not expect the amount of gains and losses in Accumulated other comprehensive loss that will be reclassified to earnings in the next twelve months to be material.
	We hedge our net investment position in major currencies and generate foreign currency interest payments that offset other transactional exposures in these currencies.  To accomplish this, we borrow directly in foreign currency and designate a portion of foreign currency debt as a hedge of net investments. We also may utilize currency forwards as hedges of our related foreign net investments. We record changes in the fair value of these contracts in other comprehensive income to the extent they are effective as cash flow hedges.  If a contract does not qualify for hedge accounting or is designated as a fair value hedge, changes in the fair value of the contract are recorded in earnings.  Currency effects on the effective portion of these hedges, which are reflected in the foreign currency translation adjustment account within other comprehensive income, produced a $5 million after-tax gain for the first nine months of 2013, resulting in an accumulated net gain balance of $9 million at September 28, 2013.  The ineffective portion of these hedges was insignificant.
	Assets Recorded at Fair Value on a Nonrecurring Basis
	During the periods ended September 28, 2013 and December 29, 2012, certain assets in the Finance group were measured at fair value on a nonrecurring basis using significant unobservable inputs (Level 3).  The table below sets forth the balance of those assets at the end of the period in which a fair value adjustment was taken.
	(In millions)	September 28,			December 29,
		2013			2012
	Finance receivables held for sale	$	91		$	140
	Impaired finance receivables	55			72
	Other assets	26			76
	The following table represents the fair value adjustments recorded for each asset class measured at fair value on a non-recurring basis during the three and nine months ended September 28, 2013 and September 29, 2012.
		Gain (Loss)
		Three Months Ended						Nine Months Ended
	(In millions)	September 28,			September 29,			September 28,			September 29,
		2013			2012			2013			2012
	Finance receivables held for sale	$	13		$	22		$	30		$	66
	Impaired finance receivables	-3			(2		)	-8			(9		)
	Other assets	-5			(13		)	-10			(45		)
	Finance receivables held for sale
	Finance receivables held for sale are recorded at fair value on a nonrecurring basis during periods in which the fair value is lower than the cost value. There are no active, quoted market prices for these finance receivables.  At September 28, 2013, our finance receivables held for sale included the non-captive loan portfolio.  Fair values of each loan in this portfolio were determined based on a combination of discounted cash flow models and recent third-party offers to estimate the price we expect to receive in the principal market for each loan, in an orderly transaction. The cash flow models include the use of qualitative assumptions regarding the borrower’s ability to pay and the period of time that will likely be required to restructure and/or exit the account through acquisition of the underlying collateral, as well as quantitative assumptions, including discount rates and revenue and earnings multiples, which are used to estimate the value of the underlying collateral.  The gains on finance receivables held for sale during the three and nine months ended September 28, 2013 and September 29, 2012 were primarily the result of the payoff of loans in amounts, and sale of loans at prices, in excess of the values established in previous periods.
	Impaired finance receivables
	Impaired nonaccrual finance receivables represent assets recorded at fair value on a nonrecurring basis since the measurement of required reserves on our impaired finance receivables is significantly dependent on the fair value of the underlying collateral.  For impaired nonaccrual finance receivables secured by aviation assets, the fair values of collateral are determined primarily based on the use of industry pricing guides. Fair value measurements recorded on impaired finance receivables resulted in charges to provision for loan losses and primarily related to initial fair value adjustments.
	Other assets
	Other assets in the table above primarily include repossessed golf and hotel properties and aviation assets. The fair value of our golf and hotel properties is determined based on the use of discounted cash flow models, bids from prospective buyers or inputs from market participants. The fair value of our aviation assets is largely determined based on the use of industry pricing guides. If the carrying amount of these assets is higher than their estimated fair value, we record a corresponding charge to income for the difference.
	Assets and Liabilities Not Recorded at Fair Value
	The carrying value and estimated fair values of our financial instruments that are not reflected in the financial statements at fair value are as follows:
		September 28, 2013				December 29, 2012
	(In millions)	Carrying		Estimated		Carrying		Estimated
		Value		Fair Value		Value		Fair Value
	Manufacturing group
	Long-term debt, excluding leases	$  (1,847	)	$  (2,034)		$  (2,225	)	$  (2,636	)
	Finance group
	Finance receivables held for investment, excluding leases	1,235		1,194		1,625		1,653
	Debt	(1,278	)	-1,267		(1,686	)	(1,678	)
	Fair value for the Manufacturing group debt is determined using market observable data for similar transactions or Level 2 inputs.  At September 28, 2013 and December 29, 2012, approximately 29% and 46%, respectively, of the fair value of debt for the Finance group was determined based on observable market transactions (Level 1).  The remaining Finance group debt was determined based on discounted cash flow analyses using observable market inputs from debt with similar duration, subordination and credit default expectations (Level 2). Fair value estimates for finance receivables held for investment were determined based on internally developed discounted cash flow models primarily utilizing significant unobservable inputs (Level 3), which include estimates of the rate of return, financing cost, capital structure and/or discount rate expectations of current market participants combined with estimated loan cash flows based on credit losses, payment rates and expectations of borrowers’ ability to make payments on a timely basis.

Income_Tax_Expense

Income Tax Expense	9 Months Ended
	Sep. 28, 2013
Income Tax Expense
Income Tax Expense	Note 11.  Income Tax Expense
	Income tax expense equated to an effective income tax rate of 32.4% and 27.5% for the three and nine months ended September 28, 2013, respectively, compared with the U.S. federal statutory income tax rate of 35%.  In the first nine months of 2013, the difference between the effective income tax rate and the statutory income tax rate was primarily due to benefits from income attributable to international operations in countries with lower tax rates and a favorable impact of four percentage points, resulting from the retroactive reinstatement and extension of the Federal Research and Development Tax Credit as part of the American Taxpayer Relief Act of 2012 enacted on January 2, 2013. The difference between the effective income tax rate and the federal statutory income tax rate for the three months ended September 28, 2013 was not significant.
	For the three and nine months ended September 29, 2012, the difference between the effective income tax rate and the federal statutory income tax rate was not significant.

Segment_Information

Segment Information	9 Months Ended
	Sep. 28, 2013
Segment Information
Segment Information	Note 12.  Segment Information
	We operate in, and report financial information for, the following five business segments: Cessna, Bell, Textron Systems, Industrial and Finance.  Segment profit is an important measure used for evaluating performance and for decision-making purposes.  Segment profit for the manufacturing segments excludes interest expense and certain corporate expenses.  The measurement for the Finance segment includes interest income and expense along with intercompany interest expense.  Provisions for losses on finance receivables involving the sale or lease of our products are recorded by the selling manufacturing division when our Finance group has recourse to the Manufacturing group.
	Our revenues by segment and a reconciliation of segment profit to income from continuing operations before income taxes are as follows:
		Three Months Ended					Nine Months Ended
	(In millions)	September 28,		September 29,			September 28,		September 29,
		2013		2012			2013		2012
	REVENUES
	Manufacturing Group
	Cessna	$	593	$	778		$	1,861	$	2,210
	Bell	1,162		1,075			3,136		3,125
	Textron Systems	405		400			1,256		1,166
	Industrial	711		683			2,239		2,194
		2,871		2,936			8,492		8,695
	Finance Group	33		64			106		180
	Total revenues	$	2,904	$	3,000		$	8,598	$	8,875
	SEGMENT OPERATING PROFIT
	Manufacturing Group
	Cessna	$	-23	$	30		$	-81	$	59
	Bell	131		165			395		462
	Textron Systems	35		21			107		96
	Industrial	52		38			188		172
		195		254			609		789
	Finance Group	13		28			47		62
	Segment profit	208		282			656		851
	Corporate expenses and other, net	-34		(38		)	-109		(105		)
	Interest expense, net for Manufacturing group	-29		(35		)	-96		(105		)
	Income from continuing operations before income taxes	$	145	$	209		$	451	$	641

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 28, 2013
Basis of Presentation
Use of Estimates	Use of Estimates
	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.
	During 2013 and 2012, we changed our estimates of revenues and costs on certain long-term contracts that are accounted for under the percentage-of-completion method of accounting.  The changes in estimates included in income from continuing operations before income taxes in the third quarter of 2013 and 2012 were $4 million and $(6) million, respectively, ($2 million and $(4) million after tax, or $0.01 and $(0.02) per diluted share, respectively).  For the third quarter of 2013 and 2012, the gross favorable program profit adjustments totaled $12 million and $12 million, respectively, and the gross unfavorable program profit adjustments totaled $8 million and $18 million, respectively.
	The changes in estimates increased income from continuing operations before income taxes in the first nine months of 2013 and 2012 by $13 million and $10 million, ($8 million and $6 million after tax, or $0.03 and $0.02 per diluted share, respectively).  For the first nine months of 2013 and 2012, the gross favorable program profit adjustments totaled $30 million and $52 million, respectively, and the gross unfavorable program profit adjustments totaled $17 million and $42 million, respectively.

Retirement_Plans_Tables

Retirement Plans (Tables)	9 Months Ended
	Sep. 28, 2013
Retirement Plans
Components of net periodic benefit cost
		Pension Benefits					Postretirement Benefits
							Other Than Pensions
	(In millions)	September 28,		September 29,			September 28,		September 29,
		2013		2012			2013		2012
	Three Months Ended
	Service cost	$	33	$	30		$	1	$	2
	Interest cost	72		77			5		6
	Expected return on plan assets	-104		(102		)	—		—
	Amortization of prior service cost (credit)	4		4			-6		(3		)
	Amortization of net actuarial loss	46		29			2		2
	Net periodic benefit cost	$	51	$	38		$	2	$	7
	Nine Months Ended
	Service cost	$	100	$	89		$	5	$	5
	Interest cost	218		229			15		19
	Expected return on plan assets	-314		(305		)	—		—
	Amortization of prior service cost (credit)	11		12			-11		(9		)
	Amortization of net actuarial loss	138		88			5		5
	Net periodic benefit cost	$	153	$	113		$	14	$	20

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Sep. 28, 2013
Earnings Per Share
Weighted-average shares outstanding for basic and diluted EPS
		Three Months Ended		Nine Months Ended
	(In thousands)	September 28,	September 29,	September 28,	September 29,
		2013	2012	2013	2012
	Basic weighted-average shares outstanding	281,525	281,813	278,296	280,983
	Dilutive effect of:	—	14,763	6,226	14,219
	Convertible notes and warrants
	Stock options and restricted stock units	185	344	221	495
	Diluted weighted-average shares outstanding	281,710	296,920	284,743	295,697

Accounts_Receivable_and_Financ1

Accounts Receivable and Finance Receivables (Tables)	9 Months Ended
	Sep. 28, 2013
Accounts Receivable and Finance Receivables
Accounts Receivable
	(In millions)	September 28,		December 29,
		2013		2012
	Commercial	$        708		$       534
	U.S. Government contracts	340		314
		1,048		848
	Allowance for doubtful accounts	-24		(19	)
	Total	$     1,024		$       829
Finance Receivables
	(In millions)	September 28,		December 29,
		2013		2012
	Captive	$     1,379		$     1,704
	Non-captive	210		370
	Total finance receivables	1,589		2,074
	Less: Allowance for losses	62		84
	Less: Finance receivables held for sale	91		140
	Total finance receivables held for investment, net	$     1,436		$     1,850
Finance receivables held for investment based on the internally assigned credit quality
		September 28, 2013								December 29, 2012
	(In millions)	Performing		Watchlist		Nonaccrual		Total		Performing		Watchlist	Nonaccrual		Total
	Captive	$    1,173		$    101		$    105		$    1,379		$    1,476		$    130	$        98		$    1,704
	Non-captive	119		—		—		119		185		—	45		230
	Total	$    1,292		$    101		$    105		$    1,498		$    1,661		$    130	$      143		$    1,934
	% of Total	86.30%		6.70%		7.00%				85.90%		6.70%	7.40%
Finance receivables held for investment by delinquency aging
		September 28, 2013										December 29, 2012
	(In millions)	Less Than		31-60		61-90		Over		Total		Less Than	31-60		61-90		Over	Total
		31 Days		Days		Days		90 Days				31 Days	Days		Days		90 Days
		Past Due		Past Due		Past Due		Past Due				Past Due	Past Due		Past Due		Past Due
	Captive	$  1,206		$      85		$      62		$      26		$  1,379		$   1,531	$      87		$      55		$      31	$  1,704
	Non-captive	119		—		—		—		119		226	—		1		3	230
	Total	$  1,325		$     85		$      62		$      26		$  1,498		$   1,757	$      87		$      56		$      34	$  1,934
Summary of impaired finance receivables, excluding leveraged leases
		Recorded Investment
	(In millions)	Impaired			Impaired			Total			Unpaid		Allowance			Average
		Loans with			Loans with			Impaired			Principal		For Losses On			Recorded
		No Related			Related			Loans			Balance		Impaired			Investment
		Allowance for			Allowance for								Loans
		Credit Losses			Credit Losses
	September 28, 2013
	Captive	$	64		$	76		$	140		$	143	$	21		$	135
	Non-captive	—			—			—			—		—			24
	Total	$	64		$	76		$	140		$	143	$	21		$	159
	December 29, 2012
	Captive	$	61		$	66		$	127		$	128	$	15		$	121
	Non-captive	11			33			44			59		12			149
	Total	$	72		$	99		$	171		$	187	$	27		$	270
Allowance for losses on finance receivables on an individual and on a collective basis
		September 28, 2013								December 29, 2012
		Finance				Allowance		Allowance		Finance			Allowance		Allowance
		Receivables Evaluated				Based on		Based on		Receivables Evaluated			Based on		Based on
						Individual		Collective					Individual		Collective
	(In millions)	Individually		Collectively		Evaluation		Evaluation		Individually		Collectively	Evaluation		Evaluation
	Captive	$     140		$   1,239		$      21		$      41		$      127		$   1,577	$      15		$      55
	Non-captive	—		—		—		—		44		64	12		2
	Total	$     140		$   1,239		$      21		$      41		$      171		$   1,641	$      27		$      57
Allowance for Losses
	(In millions)	Captive			Non-captive			Total
	For the nine months ended September 28, 2013
	Beginning balance	$	70		$	14		$	84
	Provision for losses	(6		)	(17		)	(23		)
	Charge-offs	(7		)	(2		)	(9		)
	Recoveries	5			6			11
	Transfers	—			(1		)	(1		)
	Ending balance	$	62		$	—		$	62
	For the nine months ended September 29, 2012
	Beginning balance	$	101		$	55		$	156
	Provision for losses	1			(5		)	(4		)
	Charge-offs	(40		)	(38		)	(78		)
	Recoveries	8			4			12
	Ending balance	$	70		$	16		$	86

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Sep. 28, 2013
Inventories
Inventories
	(In millions)	September 28,		December 29,
		2013		2012
	Finished goods	$	1,374	$	1,329
	Work in process	2,679		2,247
	Raw materials	433		437
		4,486		4,013
	Progress/milestone payments	-1,266		(1,301		)
	Total	$	3,220	$	2,712

Accrued_Liabilities_Tables

Accrued Liabilities (Tables)	9 Months Ended
	Sep. 28, 2013
Accrued Liabilities
Changes in warranty and product maintenance liability
		Nine Months Ended
	(In millions)	September 28,		September 29,
		2013		2012
	Accrual at the beginning of period	$	222	$	224
	Provision	203		190
	Settlements	-210		(187		)
	Adjustments to prior accrual estimates	-3		(2		)
	Accrual at the end of period	$	212	$	225

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Loss and Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 28, 2013
Accumulated Other Comprehensive Loss and Other Comprehensive Income
Schedule of components of accumulated other comprehensive loss
	(In millions)	Foreign			Pension and			Deferred			Accumulated
		Currency			Postretirement			Gains/Losses			Other
		Translation			Benefits			on Hedge			Comprehensive
		Adjustments			Adjustments			Contracts			Loss
	For the nine months ended September 28, 2013
	Beginning balance	$	81		$	(1,857	)	$	6		$	(1,770	)
	Other comprehensive income before reclassifications	3			—			(9		)	(6		)
	Amounts reclassified from Accumulated Other Comprehensive Loss	—			127			(2		)	125
	Other comprehensive income	3			127			(11		)	119
	Ending balance	$	84		$	(1,730	)	$	(5	)	$	(1,651	)
	For the nine months ended September 29, 2012
	Beginning balance	$	79		$	(1,711	)	$	7		$	(1,625	)
	Other comprehensive income before reclassifications	(5		)	—			15			10
	Amounts reclassified from Accumulated Other Comprehensive Loss	—			63			(10		)	53
	Other comprehensive income	(5		)	63			5			63
	Ending balance	$	74		$	(1,648	)	$	12		$	(1,562	)
Schedule of before and after-tax components of Other Comprehensive Income
	(In millions)	Pre-Tax			Tax			After-Tax
		Amount			(Expense)			Amount
					Benefit
	For the three months ended September 28, 2013
	Pension and postretirement benefits adjustments:
	Amortization of net actuarial loss*	$	48		$	(18	)	$	30
	Amortization of prior service cost*	(2		)	1			(1		)
	Amendment to postretirement benefit plan	55			(20		)	35
	Pension and postretirement benefits adjustments, net	101			(37		)	64
	Deferred gains/losses on hedge contracts:
	Current deferrals	3			(1		)	2
	Deferred gains/losses on hedge contracts, net	3			(1		)	2
	Foreign currency translation adjustments	8			4			12
	Total	$	112		$	(34	)	$	78
	For the three months ended September 29, 2012
	Pension and postretirement benefits adjustments:
	Amortization of net actuarial loss*	$	31		$	(10	)	$	21
	Amortization of prior service cost*	1			(1		)	—
	Pension and postretirement benefits adjustments, net	32			(11		)	21
	Deferred gains/losses on hedge contracts:
	Current deferrals	12			(3		)	9
	Reclassification adjustments	—			(1		)	(1		)
	Deferred gains/losses on hedge contracts, net	12			(4		)	8
	Foreign currency translation adjustments	1			7			8
	Total	$	45		$	(8	)	$	37
	For the nine months ended September 28, 2013
	Pension and postretirement benefits adjustments:
	Amortization of net actuarial loss*	$	143		$	(51	)	$	92
	Amendment to postretirement benefit plan	55			(20		)	35
	Pension and postretirement benefits adjustments, net	198			(71		)	127
	Deferred gains/losses on hedge contracts:
	Current deferrals	(11		)	2			(9		)
	Reclassification adjustments	(3		)	1			(2		)
	Deferred gains/losses on hedge contracts, net	(14		)	3			(11		)
	Foreign currency translation adjustments	6			(3		)	3
	Total	$	190		$	(71	)	$	119
	For the nine months ended September 29, 2012
	Pension and postretirement benefits adjustments:
	Amortization of net actuarial loss*	$	93		$	(32	)	$	61
	Amortization of prior service cost*	3			(1		)	2
	Pension and postretirement benefits adjustments, net	96			(33		)	63
	Deferred gains/losses on hedge contracts:
	Current deferrals	19			(4		)	15
	Reclassification adjustments	(12		)	2			(10		)
	Deferred gains/losses on hedge contracts, net	7			(2		)	5
	Foreign currency translation adjustments	(9		)	4			(5		)
	Total	$	94		$	(31	)	$	63
	*These components of other comprehensive income are included in the computation of net periodic pension cost.  See Note 13 of our 2012 Annual Report on Form 10-K for additional information.

Derivative_Instruments_and_Fai1

Derivative Instruments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 28, 2013
Derivative Instruments and Fair Value Measurements
Fair value of derivative instruments designated as hedging instruments
						Asset (Liability)
	(In millions)	Borrowing Group		Balance Sheet Location		September 28,			December 29,
						2013			2012
	Assets
	Interest rate exchange contracts*	Finance		Other assets		$	3		$	8
	Foreign currency exchange contracts	Manufacturing		Other current assets		—			9
	Total					$	3		$	17
	Liabilities
	Interest rate exchange contracts*	Finance		Other liabilities		$	(6)		$	(8	)
	Foreign currency exchange contracts	Manufacturing		Accrued liabilities		-7			(5		)
	Total					$	(13)		$	(13	)
	*Interest rate exchange contracts represent fair value hedges.
Assets measured at fair value on a nonrecurring basis
	(In millions)	September 28,			December 29,
		2013			2012
	Finance receivables held for sale	$	91		$	140
	Impaired finance receivables	55			72
	Other assets	26			76
Fair value adjustments for assets measured at fair value on a nonrecurring basis
		Gain (Loss)
		Three Months Ended						Nine Months Ended
	(In millions)	September 28,			September 29,			September 28,			September 29,
		2013			2012			2013			2012
	Finance receivables held for sale	$	13		$	22		$	30		$	66
	Impaired finance receivables	-3			(2		)	-8			(9		)
	Other assets	-5			(13		)	-10			(45		)
Carrying value and estimated fair values of financial instruments
		September 28, 2013				December 29, 2012
	(In millions)	Carrying		Estimated		Carrying		Estimated
		Value		Fair Value		Value		Fair Value
	Manufacturing group
	Long-term debt, excluding leases	$  (1,847	)	$  (2,034)		$  (2,225	)	$  (2,636	)
	Finance group
	Finance receivables held for investment, excluding leases	1,235		1,194		1,625		1,653
	Debt	(1,278	)	-1,267		(1,686	)	(1,678	)

Segment_Information_Tables

Segment Information (Tables)	9 Months Ended
	Sep. 28, 2013
Segment Information
Reconciliation of segment profit to income from continuing operations before income taxes
		Three Months Ended					Nine Months Ended
	(In millions)	September 28,		September 29,			September 28,		September 29,
		2013		2012			2013		2012
	REVENUES
	Manufacturing Group
	Cessna	$	593	$	778		$	1,861	$	2,210
	Bell	1,162		1,075			3,136		3,125
	Textron Systems	405		400			1,256		1,166
	Industrial	711		683			2,239		2,194
		2,871		2,936			8,492		8,695
	Finance Group	33		64			106		180
	Total revenues	$	2,904	$	3,000		$	8,598	$	8,875
	SEGMENT OPERATING PROFIT
	Manufacturing Group
	Cessna	$	-23	$	30		$	-81	$	59
	Bell	131		165			395		462
	Textron Systems	35		21			107		96
	Industrial	52		38			188		172
		195		254			609		789
	Finance Group	13		28			47		62
	Segment profit	208		282			656		851
	Corporate expenses and other, net	-34		(38		)	-109		(105		)
	Interest expense, net for Manufacturing group	-29		(35		)	-96		(105		)
	Income from continuing operations before income taxes	$	145	$	209		$	451	$	641

Basis_of_Presentation_Details

Basis of Presentation (Details) (Contracts accounted for under percentage of completion method, USD $)	3 Months Ended		9 Months Ended
In Millions, except Per Share data, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Contracts accounted for under percentage of completion method
Change in accounting estimate
Income from continuing operations before income taxes	$4	($6)	$13	$10
Change in Accounting Estimate Financial Effect Increase in Income from Continuing Operations after taxes	2	-4	8	6
Income from continuing operations per diluted share	$0.01	($0.02)	$0.03	$0.02
Basis of Presentation
Gross favorable program profit adjustments	12	12	30	52
Gross unfavorable program profit adjustments	$8	$18	$17	$42

Retirement_Plans_Details

Retirement Plans (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012	Dec. 29, 2012
Plan amendment adjustment
Amendment to postretirement benefit plan, pre-tax	$55		$55
Pension Benefits
Net periodic benefit cost
Service cost	33	30	100	89
Interest cost	72	77	218	229
Expected return on plan assets	-104	-102	-314	-305
Amortization of prior service cost (credit)	4	4	11	12
Amortization of net actuarial loss	46	29	138	88
Net periodic benefit cost	51	38	153	113
Postretirement Benefits Other than Pensions
Net periodic benefit cost
Service cost	1	2	5	5
Interest cost	5	6	15	19
Amortization of prior service cost (credit)	-6	-3	-11	-9
Amortization of net actuarial loss	2	2	5	5
Net periodic benefit cost	2	7	14	20
Discount rate as a percent	4.50%		4.50%		3.75%
Plan amendment adjustment
Amendment to postretirement benefit plan, pre-tax	$55		$55

Earnings_Per_Share_Details

Earnings Per Share (Details)	3 Months Ended		9 Months Ended
	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Weighted-average shares outstanding for basic and diluted
Basic weighted-average shares outstanding	281,525,000	281,813,000	278,296,000	280,983,000
Dilutive effect of:
Convertible notes and warrants		14,763,000	6,226,000	14,219,000
Stock options and restricted stock units	185,000	344,000	221,000	495,000
Diluted weighted-average shares outstanding	281,710,000	296,920,000	284,743,000	295,697,000
Anti-dilutive effect of weighted average shares	6,000,000	5,000,000	5,000,000	7,000,000

Accounts_Receivable_and_Financ2

Accounts Receivable and Finance Receivables (Details) (USD $)	Sep. 28, 2013	Dec. 29, 2012
In Millions, unless otherwise specified
Accounts Receivable
Unbillable receivables on U.S. Government contracts within accounts receivable	$136	$149
Manufacturing group
Accounts Receivable
Accounts Receivable, Gross	1,048	848
Allowance for doubtful accounts	-24	-19
Total	1,024	829
Commercial
Accounts Receivable
Accounts Receivable, Gross	708	534
U. S. Government Contracts
Accounts Receivable
Accounts Receivable, Gross	$340	$314

Accounts_Receivable_and_Financ3

Accounts Receivable and Finance Receivables (Details 2) (USD $)	9 Months Ended								3 Months Ended
In Millions, unless otherwise specified	Sep. 28, 2013	Dec. 29, 2012	Sep. 29, 2012	Dec. 31, 2011	Sep. 28, 2013	Dec. 29, 2012	Sep. 28, 2013	Dec. 29, 2012	Sep. 28, 2013	Dec. 29, 2012
					Finance group	Finance group	Captive	Captive	Non-captive	Non-captive
Finance Receivables
Total finance receivables					$1,589	$2,074	$1,379	$1,704	$210	$370
Less: Allowance for losses	62	84	86	156	62	84	62
Less: Finance receivables held for sale					91	140
Total finance receivables held for investment, net					1,436	1,850
Finance Receivables to the held for sale classification									34
Allowance for loan losses on finance receivables transferred to held for sale	$1								$1

Accounts_Receivable_and_Financ4

Accounts Receivable and Finance Receivables (Details 3) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 28, 2013	Dec. 29, 2012
	item
Accounts Receivable and Finance Receivables
Number of loan categories based on key credit quality indicators for individual loan	3
Finance receivables held for investment based on the internally assigned credit quality
Total finance receivables held for investment	$1,498	$1,934
Performing
Finance receivables held for investment based on the internally assigned credit quality
Total finance receivables held for investment	1,292	1,661
Finance receivables held for investment based on the internally assigned credit quality, percent	86.30%	85.90%
Watchlist
Finance receivables held for investment based on the internally assigned credit quality
Total finance receivables held for investment	101	130
Finance receivables held for investment based on the internally assigned credit quality, percent	6.70%	6.70%
Nonaccrual
Finance receivables held for investment based on the internally assigned credit quality
Total finance receivables held for investment	105	143
Finance receivables held for investment based on the internally assigned credit quality, percent	7.00%	7.40%
Nonaccrual | Minimum
Finance receivables held for investment based on the internally assigned credit quality
Number of months of contractual delinquency to classify accounts as nonaccrual unless such collection is not doubtful	3 months
Captive
Finance receivables held for investment based on the internally assigned credit quality
Total finance receivables held for investment	1,379	1,704
Captive | Performing
Finance receivables held for investment based on the internally assigned credit quality
Total finance receivables held for investment	1,173	1,476
Captive | Watchlist
Finance receivables held for investment based on the internally assigned credit quality
Total finance receivables held for investment	101	130
Captive | Nonaccrual
Finance receivables held for investment based on the internally assigned credit quality
Total finance receivables held for investment	105	98
Non-captive
Finance receivables held for investment based on the internally assigned credit quality
Total finance receivables held for investment	119	230
Non-captive | Performing
Finance receivables held for investment based on the internally assigned credit quality
Total finance receivables held for investment	119	185
Non-captive | Nonaccrual
Finance receivables held for investment based on the internally assigned credit quality
Total finance receivables held for investment		$45

Accounts_Receivable_and_Financ5

Accounts Receivable and Finance Receivables (Details 4) (USD $)	Sep. 28, 2013	Dec. 29, 2012
In Millions, unless otherwise specified
Finance receivables held for investment by delinquency aging
Contractual delinquency of 60 plus days as percentage of finance receivables held for investment	5.87%	4.65%
Financing receivable held for investment, recorded investment, less than 31 days past due	$1,325	$1,757
Financing receivable held for investment, recorded investment, 31 to 60 days past due	85	87
Financing receivable held for investment, recorded investment, 61 days to 90 days past due	62	56
Financing receivable held for investment, recorded investment, over 90 days past due	26	34
Total finance receivables held for investment	1,498	1,934
Captive
Finance receivables held for investment by delinquency aging
Financing receivable held for investment, recorded investment, less than 31 days past due	1,206	1,531
Financing receivable held for investment, recorded investment, 31 to 60 days past due	85	87
Financing receivable held for investment, recorded investment, 61 days to 90 days past due	62	55
Financing receivable held for investment, recorded investment, over 90 days past due	26	31
Total finance receivables held for investment	1,379	1,704
Non-captive
Finance receivables held for investment by delinquency aging
Financing receivable held for investment, recorded investment, less than 31 days past due	119	226
Financing receivable held for investment, recorded investment, 61 days to 90 days past due		1
Financing receivable held for investment, recorded investment, over 90 days past due		3
Total finance receivables held for investment	119	230
Financing receivable accrual status loans, recorded investment, greater than 90 days past due	$0	$0

Accounts_Receivable_and_Financ6

Accounts Receivable and Finance Receivables (Details 5) (USD $)	9 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Sep. 28, 2013	Dec. 29, 2012
Summary of impaired finance receivables, excluding leveraged leases
Recorded investment, Impaired Loans with No Related Allowance for Credit Losses	$64	$72
Recorded investment, Impaired Loans with Related Allowance for Credit Losses	76	99
Recorded investment, Total Impaired Loans	140	171
Unpaid Principal Balance	143	187
Allowance For Losses On Impaired Loans	21	27
Average Recorded Investment	159	270
Captive
Summary of impaired finance receivables, excluding leveraged leases
Recorded investment, Impaired Loans with No Related Allowance for Credit Losses	64	61
Recorded investment, Impaired Loans with Related Allowance for Credit Losses	76	66
Recorded investment, Total Impaired Loans	140	127
Unpaid Principal Balance	143	128
Allowance For Losses On Impaired Loans	21	15
Average Recorded Investment	135	121
Non-captive
Summary of impaired finance receivables, excluding leveraged leases
Recorded investment, Impaired Loans with No Related Allowance for Credit Losses		11
Recorded investment, Impaired Loans with Related Allowance for Credit Losses		33
Recorded investment, Total Impaired Loans		44
Unpaid Principal Balance		59
Allowance For Losses On Impaired Loans		12
Average Recorded Investment	$24	$149

Accounts_Receivable_and_Financ7

Accounts Receivable and Finance Receivables (Details 6) (USD $)	Sep. 28, 2013	Dec. 29, 2012
In Millions, unless otherwise specified
Finance receivables
Leveraged leases	$119	$122
Individually evaluated for impairment	140	171
Collectively evaluated for impairment	1,239	1,641
Total Allowance Based on Individual Evaluation	21	27
Total Allowance Based on Collective Evaluation	41	57
Captive
Finance receivables
Individually evaluated for impairment	140	127
Collectively evaluated for impairment	1,239	1,577
Total Allowance Based on Individual Evaluation	21	15
Total Allowance Based on Collective Evaluation	41	55
Non-captive
Finance receivables
Individually evaluated for impairment		44
Collectively evaluated for impairment		64
Total Allowance Based on Individual Evaluation		12
Total Allowance Based on Collective Evaluation		$2

Accounts_Receivable_and_Financ8

Accounts Receivable and Finance Receivables (Details 7) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012
Allowance for losses
Beginning Balance	$84	$156
Provision for losses	-23	-4
Charge-offs	-9	-78
Recoveries	11	12
Transfers	-1
Ending Balance	62	86
Captive
Allowance for losses
Beginning Balance	70	101
Provision for losses	-6	1
Charge-offs	-7	-40
Recoveries	5	8
Ending Balance	62	70
Non-captive
Allowance for losses
Beginning Balance	14	55
Provision for losses	-17	-5
Charge-offs	-2	-38
Recoveries	6	4
Transfers	-1
Ending Balance		$16

Inventories_Details

Inventories (Details) (USD $)	Sep. 28, 2013	Dec. 29, 2012
In Millions, unless otherwise specified
Inventories
Finished goods	$1,374	$1,329
Work in process	2,679	2,247
Raw materials	433	437
Inventories, Gross	4,486	4,013
Progress/milestone payments	-1,266	-1,301
Total	$3,220	$2,712

Debt_Details

Debt (Details) (USD $)

9 Months Ended

1 Months Ended

9 Months Ended

6 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

Share data in Millions, except Per Share data, unless otherwise specified

Sep. 28, 2013

Sep. 29, 2012

1-May-13

Dec. 29, 2012

31-May-09

Sep. 28, 2013

Jun. 29, 2013

Sep. 28, 2013

1-May-13

1-May-13

Sep. 28, 2013

Oct. 04, 2013

Call option and warrant

Call option and warrant

Warrant

Warrant

Call options

Convertible senior notes

Senior Unsecured Revolving Credit Facility

Senior Unsecured Revolving Credit Facility

item

Subsequent event

Debt

Senior unsecured revolving credit facility

$1,000,000,000

Portion available for issuance of letters of credit against facility

100,000,000

Term of debt instrument

4 years

Amount borrowed against facility

0

Amount paid to holders of notes in settlement of face value

215,000,000

2,000,000

215,000,000

Common stock issued to converting holders in settlement of the excess of the conversion value over the face value

8.9

Incremental net share settlement in excess of the face amount of the notes issued upon conversion of convertible notes, after giving effect to the exercise of the call options and warrants

7.4

Number of counterparties

2

Period for computing VWAP of common stock to determine settlement values

45 days

Common stock shares acquired upon settlement of call options

8.9

Common stock shares issued in connection with settlement of the warrants

7.4

Net increase in treasury stock due to settlement of call options and warrants

39,000,000

Common shares covered under capped call

28.7

Strike price of capped calls (in dollars per share)

$13.13

Cap price of capped calls (in dollars per share)

$15.75

Minimum Stock Price (in dollars per share)

$13.13

Maximum stock price (in dollars per share)

$15.75

Amount received from counterparties upon expiration of the capped calls

$75,000,000

Accrued_Liabilities_Details

Accrued Liabilities (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012
Changes in warranty and product maintenance contract liability
Accrual at the beginning of period	$222	$224
Provision	203	190
Settlements	-210	-187
Adjustments to prior accrual estimates	-3	-2
Accrual at the end of period	$212	$225
Minimum
Accrued Liabilities
Term of limited warranty and maintenance programs	1 year
Maximum
Accrued Liabilities
Term of limited warranty and maintenance programs	5 years

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Loss and Other Comprehensive Income (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012
Components of Accumulated Other Comprehensive Loss
Balance at the beginning of the period	($1,770)	($1,625)
Other comprehensive income before reclassifications	-6	10
Amounts reclassified from Accumulated Other Comprehensive Loss	125	53
Other comprehensive income	119	63
Balance at the end of the period	-1,651	-1,562
Foreign Currency Translation Adjustments
Components of Accumulated Other Comprehensive Loss
Balance at the beginning of the period	81	79
Other comprehensive income before reclassifications	3	-5
Other comprehensive income	3	-5
Balance at the end of the period	84	74
Pension and Post Retirement Benefit Adjustments
Components of Accumulated Other Comprehensive Loss
Balance at the beginning of the period	-1,857	-1,711
Amounts reclassified from Accumulated Other Comprehensive Loss	127	63
Other comprehensive income	127	63
Balance at the end of the period	-1,730	-1,648
Deferred Gains/Losses on Hedge Contracts
Components of Accumulated Other Comprehensive Loss
Balance at the beginning of the period	6	7
Other comprehensive income before reclassifications	-9	15
Amounts reclassified from Accumulated Other Comprehensive Loss	-2	-10
Other comprehensive income	-11	5
Balance at the end of the period	($5)	$12

Accumulated_Other_Comprehensiv3

Accumulated Other Comprehensive Loss and Other Comprehensive Income (Details 2) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Pension and postretirement benefits adjustments, Pre-Tax:
Amortization of net actuarial loss included in net periodic pension cost, pre-tax	$48	$31	$143	$93
Amortization of prior service cost included in net periodic pension cost, pre-tax	-2	1		3
Amendment to postretirement benefit plan, pre-tax	55		55
Pension and postretirement benefits adjustments, net, Pre-Tax	101	32	198	96
Deferred gains/losses on hedge contracts, pre-tax:
Current deferrals, pre-tax	3	12	-11	19
Reclassification adjustments included in net income, pre-tax			-3	-12
Deferred gains/losses on hedge contracts, net, pre-tax	3	12	-14	7
Foreign currency translation adjustments, pre-tax	8	1	6	-9
Other comprehensive income (loss), pre-tax	112	45	190	94
Pension and postretirement benefits adjustments, tax (Expense) Benefit:
Amortization of net actuarial loss included in net periodic pension cost, tax	-18	-10	-51	-32
Amortization of prior service cost included in net periodic pension cost, tax	1	-1		-1
Amendment to postretirement benefit plan, tax	-20		-20
Pension and postretirement benefits adjustments, net, tax	-37	-11	-71	-33
Deferred gains/losses on hedge contracts, tax:
Current deferrals, tax	-1	-3	2	-4
Reclassification adjustments included in net income, tax		-1	1	2
Deferred gains/losses on hedge contracts, net, tax	-1	-4	3	-2
Foreign currency translation adjustments, Tax	4	7	-3	4
Other comprehensive income (loss), Tax	-34	-8	-71	-31
Pension and postretirement benefits adjustments, After Tax:
Amortization of net actuarial loss included in net periodic pension cost, after tax	30	21	92	61
Amortization of prior service cost included in net periodic pension cost, after tax	-1			2
Amendment to postretirement benefit plan, after tax	35		35
Pension and postretirement benefits adjustments net, After-Tax	64	21	127	63
Deferred gains/losses on hedge contracts, after tax:
Current deferrals, after tax	2	9	-9	15
Reclassification adjustments included in net income, after tax		-1	-2	-10
Deferred gains/losses on hedge contracts, net, after tax	2	8	-11	5
Foreign currency translation adjustments, after Tax	12	8	3	-5
Other comprehensive income	$78	$37	$119	$63

Derivative_Instruments_and_Fai2

Derivative Instruments and Fair Value Measurements (Details) (USD $)

9 Months Ended

In Millions, unless otherwise specified

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Dec. 29, 2012

Sep. 28, 2013

Sep. 28, 2013

Dec. 29, 2012

Sep. 28, 2013

Dec. 29, 2012

Sep. 28, 2013

Dec. 29, 2012

Sep. 28, 2013

Dec. 29, 2012

Dec. 29, 2012

Sep. 28, 2013

Dec. 29, 2012

Manufacturing group

Net Investment Hedge

Interest rate exchange contracts

Interest rate exchange contracts

Foreign currency exchange contracts

Foreign currency exchange contracts

Foreign currency exchange contracts

Recurring

Recurring

Recurring

Recurring

Recurring

Recurring

Recurring

Recurring

Recurring

Finance group

Finance group

Manufacturing group

Manufacturing group

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Level 2

Designated as hedging instruments

Designated as hedging instruments

Designated as hedging instruments

Designated as hedging instruments

Designated as hedging instruments

Designated as hedging instruments

Designated as hedging instruments

Designated as hedging instruments

Designated as hedging instruments

Interest rate exchange contracts

Interest rate exchange contracts

Interest rate exchange contracts

Interest rate exchange contracts

Foreign currency exchange contracts

Foreign currency exchange contracts

Foreign currency exchange contracts

Fair Value Hedges

Fair Value Hedges

Fair Value Hedges

Fair Value Hedges

Cash Flow Hedges

Cash Flow Hedges

Cash Flow Hedges

Other assets

Other assets

Other liabilities

Other liabilities

Other current assets

Accrued liabilities

Accrued liabilities

Finance group

Finance group

Finance group

Finance group

Manufacturing group

Manufacturing group

Manufacturing group

Fair value of derivative instruments

Derivative Asset, Fair Value

$3

$17

$3

$8

Foreign currency exchange contracts

9

Derivative Liability, Fair Value

-13

-13

-6

-8

Foreign currency exchange contracts

-7

-5

Notional amounts

268

671

641

664

Forward exchange contracts and purchased options maximum maturity period

3 years

Net deferred gain / loss in Accumulated OCI

5

5

Currency effects (after-tax gain) on the effective portion of cash flow hedges, which are reflected in the cumulative translation adjustment account within OCI

$9

Derivative_Instruments_and_Fai3

Derivative Instruments and Fair Value Measurements (Details 2) (Fair Value, Measurements, Nonrecurring, Finance group, Unobservable Inputs (Level 3), USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012	Dec. 29, 2012
Fair Value, Measurements, Nonrecurring | Finance group | Unobservable Inputs (Level 3)
Assets measured at fair value on a nonrecurring basis
Finance receivables held for sale, Balance	$91		$91		$140
Impaired finance receivables, Balance	55		55		72
Other assets, balance	26		26		76
Finance receivables held for sale, Gain (Loss)	13	22	30	66
Impaired finance receivables, Gain (Loss)	-3	-2	-8	-9
Other assets, Gain (Loss)	($5)	($13)	($10)	($45)

Derivative_Instruments_and_Fai4

Derivative Instruments and Fair Value Measurements (Details 3) (USD $)	Sep. 28, 2013	Dec. 29, 2012
In Millions, unless otherwise specified
Manufacturing group | Carrying Value
Carrying value of financial instruments not recorded at fair value
Long-term debt, excluding leases	($1,847)	($2,225)
Manufacturing group | Estimated Fair Value
Carrying value of financial instruments not recorded at fair value
Long-term debt, excluding leases	-2,034	-2,636
Finance group
Fair Value, Balance Sheet Grouping, Financial Statement Captions
Portion of fair value of term debt determined based on observable market transactions (as a percent)	29.00%	46.00%
Carrying value of financial instruments not recorded at fair value
Debt	-1,278	-1,686
Finance group | Carrying Value
Carrying value of financial instruments not recorded at fair value
Finance receivables held for investment, excluding leases	1,235	1,625
Debt	-1,278	-1,686
Finance group | Estimated Fair Value
Carrying value of financial instruments not recorded at fair value
Finance receivables held for investment, excluding leases	1,194	1,653
Debt	($1,267)	($1,678)

Income_Tax_Expense_Details

Income Tax Expense (Details)	3 Months Ended	9 Months Ended
	Sep. 28, 2013	Sep. 28, 2013
Income Tax Expense
Effective income tax rate (as a percent)	32.40%	27.50%
U.S. federal statutory income tax rate (as a percent)	35.00%	35.00%
Effective income tax rate having favorable impact resulting from the retroactive reinstatement and extension of the Federal Research and Development Tax Credit (as a percent)		4.00%

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
			item
Operating and reportable business segments
Number of business operating segments			5
Number of reportable business segments			5
REVENUES
Manufacturing revenues	$2,871	$2,936	$8,492	$8,695
Finance revenues	33	64	106	180
Total revenues	2,904	3,000	8,598	8,875
SEGMENT OPERATING PROFIT
Segment profit	208	282	656	851
Corporate expenses and other, net	-34	-38	-109	-105
Interest Expense, net for Manufacturing group	-29	-35	-96	-105
Income from continuing operations before income taxes	145	209	451	641
Manufacturing group
REVENUES
Manufacturing revenues	2,871	2,936	8,492	8,695
SEGMENT OPERATING PROFIT
Segment profit	195	254	609	789
Cessna | Manufacturing group
REVENUES
Manufacturing revenues	593	778	1,861	2,210
SEGMENT OPERATING PROFIT
Segment profit	-23	30	-81	59
Bell | Manufacturing group
REVENUES
Manufacturing revenues	1,162	1,075	3,136	3,125
SEGMENT OPERATING PROFIT
Segment profit	131	165	395	462
Textron Systems | Manufacturing group
REVENUES
Manufacturing revenues	405	400	1,256	1,166
SEGMENT OPERATING PROFIT
Segment profit	35	21	107	96
Industrial | Manufacturing group
REVENUES
Manufacturing revenues	711	683	2,239	2,194
SEGMENT OPERATING PROFIT
Segment profit	52	38	188	172
Finance group
REVENUES
Finance revenues	33	64	106	180
SEGMENT OPERATING PROFIT
Segment profit	$13	$28	$47	$62