Textron (TXT) 10-Q 24 Oct 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 27, 2014	Oct. 10, 2014
Document and Entity Information	'	'
Entity Registrant Name	'TEXTRON INC	'
Entity Central Index Key	'0000217346	'
Document Type	'10-Q	'
Document Period End Date	27-Sep-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--01-03	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	276,048,870
Document Fiscal Year Focus	'2014	'
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. 27, 2014	Sep. 28, 2013	Sep. 27, 2014	Sep. 28, 2013
Revenues	'	'	'	'
Manufacturing revenues	$3,405	$2,871	$9,701	$8,492
Finance revenues	25	33	81	106
Total revenues	3,430	2,904	9,782	8,598
Costs and expenses	'	'	'	'
Cost of sales	2,845	2,473	8,077	7,193
Selling and administrative expense	304	245	959	820
Interest expense	47	41	141	134
Acquisition and restructuring costs	3	'	39	'
Total costs and expenses	3,199	2,759	9,216	8,147
Income from continuing operations before income taxes	231	145	566	451
Income tax expense	71	47	174	124
Income from continuing operations	160	98	392	327
Income (loss) from discontinued operations, net of income taxes	-1	1	-4	4
Net income	$159	$99	$388	$331
Basic earnings per share	'	'	'	'
Continuing operations (in dollars per share)	$0.57	$0.35	$1.40	$1.18
Discontinued operations (in dollars per share)	'	'	($0.02)	$0.01
Basic earnings per share (in dollars per share)	$0.57	$0.35	$1.38	$1.19
Diluted earnings per share	'	'	'	'
Continuing operations (in dollars per share)	$0.57	$0.35	$1.39	$1.15
Discontinued operations (in dollars per share)	'	'	($0.02)	$0.01
Diluted earnings per share (in dollars per share)	$0.57	$0.35	$1.37	$1.16
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. 27, 2014	Sep. 28, 2013	Sep. 27, 2014	Sep. 28, 2013
Consolidated Statements of Comprehensive Income	'	'	'	'
Net income	$159	$99	$388	$331
Other comprehensive income, net of tax:	'	'	'	'
Pension and postretirement benefits adjustments, net of reclassifications	17	64	62	127
Deferred gains/losses on hedge contracts, net of reclassifications	-5	2	2	-11
Foreign currency translation adjustments	-43	12	-47	3
Other comprehensive income (loss)	-31	78	17	119
Comprehensive income	$128	$177	$405	$450

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Sep. 27, 2014	Dec. 28, 2013
In Millions, except Share data in Thousands, unless otherwise specified
Assets	'	'
Cash and equivalents	$511	$1,211
Inventories	4,081	2,963
Total assets	14,739	12,944
Liabilities	'	'
Total liabilities	10,167	8,560
Shareholders' equity	'	'
Common stock	36	35
Capital surplus	1,432	1,331
Treasury stock	-302	'
Retained earnings	4,416	4,045
Accumulated other comprehensive loss	-1,010	-1,027
Total shareholders' equity	4,572	4,384
Total liabilities and shareholders' equity	14,739	12,944
Common shares outstanding	276,195	282,059
Manufacturing group	'	'
Assets	'	'
Cash and equivalents	430	1,163
Accounts receivable, net	1,150	979
Inventories	4,081	2,963
Other current assets	539	467
Total current assets	6,200	5,572
Property, plant and equipment, less accumulated depreciation and amortization of $3,662 and $3,463	2,442	2,215
Goodwill	2,020	1,735
Other assets	2,509	1,697
Total assets	13,171	11,219
Liabilities	'	'
Short-term and current portion of long-term debt	383	8
Accounts payable	1,135	1,107
Accrued liabilities	2,375	1,888
Total current liabilities	3,893	3,003
Other liabilities	2,451	2,118
Long-term debt	2,474	1,923
Total liabilities	8,818	7,044
Finance group	'	'
Assets	'	'
Cash and equivalents	81	48
Finance receivables, net	1,308	1,493
Other assets	179	184
Total assets	1,568	1,725
Liabilities	'	'
Other liabilities	238	260
Debt	1,111	1,256
Total liabilities	$1,349	$1,516

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 27, 2014	Dec. 28, 2013
In Millions, unless otherwise specified
Consolidated Balance Sheets	'	'
Accumulated depreciation and amortization	$3,662	$3,463

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 27, 2014	Sep. 28, 2013
Cash flows from operating activities	'	'
Net income	$388	$331
Less: Income (loss) from discontinued operations	-4	4
Income from continuing operations	392	327
Non-cash items:	'	'
Depreciation and amortization	325	285
Deferred income taxes	-41	74
Other, net	80	38
Changes in assets and liabilities:	'	'
Accounts receivable, net	-55	-178
Inventories	-370	-443
Other assets	24	-51
Accounts payable	-120	-25
Accrued and other liabilities	137	-276
Income taxes, net	61	-96
Pension, net	31	-17
Captive finance receivables, net	107	257
Other operating activities, net	-2	2
Net cash provided by (used in) operating activities of continuing operations	569	-103
Net cash used in operating activities of discontinued operations	-3	-5
Net cash provided by (used in) operating activities	566	-108
Cash flows from investing activities	'	'
Net cash used in acquisitions	-1,580	-53
Capital expenditures	-255	-300
Finance receivables repaid	77	157
Proceeds from sales of receivables and other finance assets	37	152
Other investing activities, net	-4	13
Net cash used in investing activities	-1,725	-31
Cash flows from financing activities	'	'
Proceeds from long-term debt	1,187	412
Principal payments on long-term and nonrecourse debt	-462	-997
Increase in short-term debt	25	96
Purchases of Textron common stock	-302	'
Settlement of convertible notes	'	-215
Proceeds from settlement of capped call	'	75
Dividends paid	-17	-16
Other financing activities, net	33	16
Net cash provided by (used in) financing activities	464	-629
Effect of exchange rate changes on cash and equivalents	-5	-8
Net decrease in cash and equivalents	-700	-776
Cash and equivalents at beginning of period	1,211	1,413
Cash and equivalents at end of period	511	637
Manufacturing Group	'	'
Cash flows from operating activities	'	'
Net income	378	300
Less: Income (loss) from discontinued operations	-4	4
Income from continuing operations	382	296
Non-cash items:	'	'
Depreciation and amortization	315	271
Deferred income taxes	-25	29
Other, net	69	69
Changes in assets and liabilities:	'	'
Accounts receivable, net	-55	-178
Inventories	-344	-459
Other assets	38	-40
Accounts payable	-120	-25
Accrued and other liabilities	145	-262
Income taxes, net	57	-101
Pension, net	31	-12
Dividends received from Finance Group	'	30
Capital contributions paid to Finance Group	'	-1
Other operating activities, net	-2	2
Net cash provided by (used in) operating activities of continuing operations	491	-381
Net cash used in operating activities of discontinued operations	-3	-5
Net cash provided by (used in) operating activities	488	-386
Cash flows from investing activities	'	'
Net cash used in acquisitions	-1,580	-53
Capital expenditures	-255	-300
Other investing activities, net	-12	19
Net cash used in investing activities	-1,847	-334
Cash flows from financing activities	'	'
Proceeds from long-term debt	1,093	150
Principal payments on long-term and nonrecourse debt	-201	-312
Increase in short-term debt	25	96
Purchases of Textron common stock	-302	'
Settlement of convertible notes	'	-215
Proceeds from settlement of capped call	'	75
Dividends paid	-17	-16
Other financing activities, net	33	16
Net cash provided by (used in) financing activities	631	-206
Effect of exchange rate changes on cash and equivalents	-5	-8
Net decrease in cash and equivalents	-733	-934
Cash and equivalents at beginning of period	1,163	1,378
Cash and equivalents at end of period	430	444
Finance Group	'	'
Cash flows from operating activities	'	'
Net income	10	31
Income from continuing operations	10	31
Non-cash items:	'	'
Depreciation and amortization	10	14
Deferred income taxes	-16	45
Other, net	11	-31
Changes in assets and liabilities:	'	'
Other assets	-14	-11
Accrued and other liabilities	-8	-24
Income taxes, net	4	5
Pension, net	'	-5
Net cash provided by (used in) operating activities of continuing operations	-3	24
Net cash provided by (used in) operating activities	-3	24
Cash flows from investing activities	'	'
Finance receivables repaid	307	558
Finance receivables originated or purchased	-123	-164
Proceeds from sales of receivables and other finance assets	37	152
Other investing activities, net	-18	40
Net cash used in investing activities	203	586
Cash flows from financing activities	'	'
Proceeds from long-term debt	94	262
Principal payments on long-term and nonrecourse debt	-261	-685
Dividends paid	'	-30
Capital contributions paid to Finance group	'	1
Net cash provided by (used in) financing activities	-167	-452
Net decrease in cash and equivalents	33	158
Cash and equivalents at beginning of period	48	35
Cash and equivalents at end of period	$81	$193

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Sep. 27, 2014
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.  On March 14, 2014, we completed the acquisition of all of the outstanding equity interests in Beech Holdings, LLC, which included Beechcraft Corporation and other subsidiaries, (collectively “Beechcraft”). The results of Beechcraft have been included in our consolidated financial statements only for the period subsequent to the completion of the acquisition. As a result, the consolidated financial results for the nine months ended September 27, 2014 do not reflect a full nine months of Beechcraft operations.
	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 28, 2013.  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 consolidated with its majority-owned subsidiaries that operate in the Bell, Textron Systems and Industrial segments, and the recently formed Textron Aviation segment, which includes the legacy Cessna segment and the acquired Beechcraft business. The Finance group, which also is the Finance segment, consists of Textron Financial Corporation (TFC) and its consolidated subsidiaries. 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 2014 and 2013, 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.  These changes in estimates increased income from continuing operations before income taxes in the third quarter of 2014 and 2013 by $10 million and $4 million, respectively, ($6 million and $2 million after tax, or $0.02 and $0.01 per diluted share, respectively). For the third quarter of 2014 and 2013, the gross favorable program profit adjustments totaled $25 million and $12 million, respectively, and the gross unfavorable program profit adjustments totaled $15 million and $8 million, respectively.
	The changes in estimates increased income from continuing operations before income taxes in the first nine months of 2014 and 2013 by $69 million and $13 million, respectively, ($43 million and $8 million after tax, or $0.15 and $0.03 per diluted share, respectively).  For the first nine months of 2014 and 2013, the gross favorable program profit adjustments totaled $90 million and $30 million, respectively, and the gross unfavorable program profit adjustments totaled $21 million and $17 million, respectively.  Gross favorable program profit adjustments in the second quarter of 2014 included $16 million related to the settlement of the System Development and Demonstration phase of the Armed Reconnaissance Helicopter (ARH) program which was terminated in October 2008.
	New Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, “Revenue from Contracts with Customers,” that outlines a comprehensive five-step revenue recognition model based on the principle that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services.  Entities have the option of using either a full retrospective or a modified retrospective approach for the adoption. This ASU is effective for our company at the beginning of fiscal 2017; early adoption is not permitted. We are currently evaluating the new guidance to determine the impact it is expected to have on our consolidated financial statements, along with the transition method we expect to utilize.

Business_Acquisitions

Business Acquisitions	9 Months Ended
	Sep. 27, 2014
Business Acquisitions	'
Business Acquisitions	'
	Note 2.  Business Acquisitions
	2014 Beechcraft Acquisition
	On March 14, 2014, we acquired Beechcraft for an aggregate cash payment of $1.5 billion that included a repayment of a portion of Beechcraft’s working capital credit facility at closing. We financed a portion of the purchase price with the issuance of $600 million in senior notes on January 30, 2014 and by drawing $500 million under the five-year term loan agreement entered into on January 24, 2014.  The balance was paid from cash on hand.
	Beechcraft is a leading manufacturer of business, special mission, light attack and trainer aircraft, including the King Air turboprops, piston-engine Baron and Bonanza, and the T-6 trainer and AT-6 light attack military aircraft. Beechcraft also has a global network of both factory-owned and authorized service centers.  The acquisition of Beechcraft and the formation of the Textron Aviation segment provide increased scale and complementary product offerings, allowing us to strengthen our position across the aviation industry and enhance our ability to support our customers.
	The consideration paid for this business was allocated on a preliminary basis to the assets acquired and liabilities assumed based on their estimated fair values at the acquisition date, which have been subsequently adjusted as estimates are being finalized.  Due to the size and breadth of this acquisition, additional time is necessary to complete the purchase accounting related to the fair values of certain assets and liabilities.  We will finalize the purchase accounting as soon as reasonably possible during the one-year-measurement period allowed under generally accepted accounting principles.  Any potential adjustments to the preliminary fair values could be material.  Our allocation of the purchase price is presented below.
	(In millions)
	Accounts receivable	$	118
	Inventories	770
	Other current assets	175
	Property, plant and equipment	258
	Intangible assets	581
	Goodwill	226
	Other assets	171
	Accounts payable	(143		)
	Accrued liabilities	(282		)
	Other liabilities	(396		)
	Total net assets acquired	$	1,478
	Goodwill of $226 million was primarily related to expected synergies from combining operations and the value of the existing workforce, and intangible assets of $581 million included unpatented technology related to original equipment manufactured parts and designs and customer relationships valued at $373 million and trade names valued at $208 million.  The unpatented technology and customer relationships assets have a life of 15 years, resulting in amortization expense in the range of approximately $17 million to $31 million annually.  Substantially all of the trade names intangible asset has an indefinite life and therefore is not subject to amortization.
	We acquired tax-deductible goodwill of approximately $260 million in this transaction.  We also recorded unrecognized tax benefits of approximately $95 million at the acquisition date.
	In connection with the integration of Beechcraft, we initiated a restructuring program in our Textron Aviation segment in the first quarter of 2014 to align the Cessna and Beechcraft businesses, reduce operating redundancies and maximize efficiencies. We expect to incur costs for this program related to employee terminations, facility consolidations, contract terminations and other transition-related costs, and estimate that this program will result in charges of approximately $35 million in 2014.  We expect to incur additional costs in 2015, but do not expect these costs to be material.   In the third quarter and first nine months of 2014, we recorded charges of $3 million and $28 million, respectively, related to restructuring activities that were included in the Acquisition and restructuring costs line on the Consolidated Statements of Operations.  In addition, we incurred transaction costs of $11 million during the first quarter of 2014 related to the acquisition that were also included in the Acquisition and restructuring costs line.
	Other 2014 Acquisitions
	During the first nine months of 2014, we made aggregate cash payments of $101 million for the following acquisitions:
	Industrial
	·         Tug Technologies Corporation, a manufacturer of ground support equipment in the aviation industry, acquired on May 2, 2014.
	·         The assets of Dixie Chopper, a manufacturer of zero-turn radius mowers for the commercial and residential markets, acquired on February 6, 2014.
	Textron Systems
	·         ProFlight, LLC, a pilot training operation, acquired on July 2, 2014.
	Actual and Pro-Forma Impact from 2014 Acquisitions
	The operating results for the 2014 acquisitions are included in the Consolidated Statement of Operations since their respective closing dates.  From the closing dates through September 27, 2014, revenues related to these acquisitions totaled $435 million and $993 million for the three- and nine-month periods, respectively.  The cost structures of Beechcraft and Cessna have been significantly integrated since the acquisition of Beechcraft, therefore, it is not possible to separately report earnings for this acquisition.  The earnings related to the other 2014 acquisitions were not significant.
	The unaudited supplemental pro-forma data included in the table below presents consolidated information as if our 2014 acquisitions had been completed on December 30, 2012.  This pro-forma information should not be considered indicative of the results that would have occurred if the acquisition and related financing had been consummated on December 30, 2012, nor are they necessarily indicative of future results as they do not reflect the potential realization of cost savings and synergies associated with the acquisition.
		Three Months Ended					Nine Months Ended
	(In millions, except per share amounts)	September 27,			September 28,		September 27,		September 28,
		2014			2013		2014		2013
	Revenues	$	3,430		$	3,308	$	10,145	$	9,907
	Income from continuing operations, net of income taxes	169			78		462		279
	Diluted earnings per share from continuing operations	$	0.6		$	0.28	$	1.64	$	0.98
	Certain pro-forma adjustments were made to reflect the allocation of the preliminary purchase price to the acquired net assets including depreciation and intangible amortization expense, resulting from the valuation of tangible and intangible assets, and amortization of inventory fair value step-up adjustments, along with the related tax effects.  The pro-forma results for 2013 were also adjusted to include transaction and restructuring costs of $3 million and $39 million for the three- and nine-month periods, respectively, related to the Beechcraft acquisition; these costs were excluded from the 2014 pro-forma results. In addition, the pro-forma results exclude the financial impact related to Beechcraft’s emergence from bankruptcy in 2013.

Retirement_Plans

Retirement Plans	9 Months Ended
	Sep. 27, 2014
Retirement Plans	'
Retirement Plans	'
	Note 3. 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 27,		September 28,			September 27,		September 28,
		2014		2013			2014		2013
	Three Months Ended
	Service cost	$	27	$	33		$	1	$	1
	Interest cost	86		72			5		5
	Expected return on plan assets	-117		(104		)	—		—
	Amortization of prior service cost (credit)	3		4			-5		(6		)
	Amortization of net actuarial loss	28		46			—		2
	Net periodic benefit cost	$	27	$	51		$	1	$	2
	Nine Months Ended
	Service cost	$	81	$	100		$	3	$	5
	Interest cost	250		218			15		15
	Expected return on plan assets	-345		(314		)	—		—
	Amortization of prior service cost (credit)	11		11			-16		(11		)
	Amortization of net actuarial loss	84		138			1		5
	Net periodic benefit cost	$	81	$	153		$	3	$	14

Earnings_Per_Share

Earnings Per Share	9 Months Ended
	Sep. 27, 2014
Earnings Per Share	'
Earnings Per Share	'
	Note 4.  Earnings Per Share
	In February 2014, we entered into an Accelerated Share Repurchase agreement (ASR) with a counterparty and repurchased 4.3 million shares of our outstanding common stock from the counterparty for $150 million. The initial delivery of shares resulted in an immediate reduction of the outstanding shares used to calculate the weighted average common shares for basic and diluted earnings per share. The ASR is scheduled to settle in December 2014. Upon final settlement of the ASR, we may receive additional shares or pay additional cash or shares, at our option, based on the daily volume weighted average market price (VWAP) of our common stock over the course of the calculation period, less a discount. We intend to settle any amount payable by us in shares. At September 27, 2014, based on the VWAP through that date, we would be required to issue to the counterparty approximately 278,000 shares to settle the ASR. For accounting purposes, the ASR is considered a treasury stock purchase for the 4.3 million shares delivered to us by the counterparty, and a forward contract indexed to our common stock for the shares to be delivered upon settlement, if any. The forward contract is not required to be separately accounted for as a derivative.
	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 and shares that would have been delivered if the ASR were settled at September 27, 2014. In addition, for the first nine months of 2013, prior to the maturity of our convertible notes on May 1, 2013 as disclosed in Note 7 of our 2013 Annual Report on Form 10-K, diluted EPS included the shares that could have been issued upon the conversion of the notes and upon the exercise of the related warrants.
	The weighted-average shares outstanding for basic and diluted EPS are as follows:
		Three Months Ended		Nine Months Ended
	(In thousands)	September 27,	September 28,	September 27,	September 28,
		2014	2013	2014	2013
	Basic weighted-average shares outstanding	278,860	281,525	280,096	278,296
	Dilutive effect of:
	Stock options	1,892	185	2,027	221
	ASR	278	—	301	—
	Convertible notes and warrants	—	—	—	6,226
	Diluted weighted-average shares outstanding	281,030	281,710	282,424	284,743
	Stock options to purchase 2 million shares of common stock outstanding are excluded from our calculation of diluted weighted-average shares outstanding for both the three and nine months ended September 27, 2014, as their effect would have been anti-dilutive.  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.

Accounts_Receivable_and_Financ

Accounts Receivable and Finance Receivables	9 Months Ended
	Sep. 27, 2014
Accounts Receivable and Finance Receivables	'
Accounts Receivable and Finance Receivables	'
	Note 5.  Accounts Receivable and Finance Receivables
	Accounts Receivable
	Accounts receivable is composed of the following:
	(In millions)	September 27,		December 28,
		2014		2013
	Commercial	$	849	$	654
	U.S. Government contracts	329		347
		1,178		1,001
	Allowance for doubtful accounts	-28		(22		)
	Total	$	1,150	$	979
	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 $124 million at September 27, 2014 and $163 million at December 28, 2013.
	Finance Receivables
	Finance receivables by classification are presented in the following table:
	(In millions)	September 27,		December 28,
		2014		2013
	Finance receivables held for investment	$	1,329	$	1,483
	Allowance for losses	-56		(55		)
	Total finance receivables held for investment, net	1,273		1,428
	Finance receivables held for sale	35		65
	Total finance receivables, net	$	1,308	$	1,493
	Credit Quality Indicators and Nonaccrual Finance Receivables
	We internally assess the quality of our finance receivables 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 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 that do not meet the watchlist or nonaccrual categories are classified as performing.
	A summary of finance receivables categorized based on the credit quality indicators discussed above is as follows:
	(In millions)	September 27,		December 28,
		2014		2013
	Performing	$	1,111	$	1,285
	Watchlist	117		93
	Nonaccrual	101		105
	Total	$	1,329	$	1,483
	Nonaccrual as a percentage of total finance receivables	7.60%		7.08%
	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 by delinquency aging category are summarized in the table below:
	(In millions)	September 27,		December 28,
		2014		2013
	Less than 31 days past due	$	1,165	$	1,295
	31-60 days past due	94		108
	61-90 days past due	41		37
	Over 90 days past due	29		43
	Total	$	1,329	$	1,483
	Accrual status loans that were greater than 90 days past due totaled $4 million at September 27, 2014 and $5 million at December 28, 2013.  At September 27, 2014 and December 28, 2013, 60+ days contractual delinquency as a percentage of finance receivables was 5.27% and 5.39%, respectively.
	Loan Modifications
	Troubled debt restructurings occur when we have either modified the contract terms of finance receivables 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 and deferrals of interest payments. The changes effected by modifications made during the first nine months of 2014 and 2013 to finance receivables were not material.
	Impaired Loans
	On a quarterly basis, we evaluate individual finance receivables for impairment in non-homogeneous portfolios and larger balance accounts in homogeneous loan portfolios. 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 2014 or 2013.
	A summary of impaired finance receivables, excluding leveraged leases, and the average recorded investment is provided below:
	(In millions)	September 27,		December 28,
		2014		2013
	Recorded investment:
	Impaired loans with related allowance for losses	$	78	$	59
	Impaired loans with no related allowance for losses	53		78
	Total	$	131	$	137
	Unpaid principal balance	$	135	$	141
	Allowance for losses on impaired loans	23		14
	Average recorded investment	116		155
	A summary of the allowance for losses on finance receivables that are evaluated on an individual basis and on a collective basis is provided below. The finance receivables included in the table below excludes leveraged leases in accordance with generally accepted accounting principles.
	(In millions)	September 27,		December 28,
		2014		2013
	Allowance based on collective evaluation	$	33	$	41
	Allowance based on individual evaluation	23		14
	Finance receivables evaluated collectively	$	1,077	$	1,226
	Finance receivables evaluated individually	131		137
	Allowance for Losses
We maintain the allowance for losses on finance receivables 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, 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 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 are 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. 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 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 is provided below:
	Nine Months Ended
(In millions)	September 27,		September 28,
	2014		2013
Balance at the beginning of period	$	55	$	84
Provision for losses	7		(23		)
Charge-offs	-11		(9		)
Recoveries	5		11
Transfers	—		(1		)
Balance at the end of period	$	56	$	62

Inventories

Inventories	9 Months Ended
	Sep. 27, 2014
Inventories	'
Inventories	'
	Note 6.  Inventories
	Inventories are composed of the following:
	(In millions)	September 27,		December 28,
		2014		2013
	Finished goods	$	1,646	$	1,276
	Work in process	2,791		2,477
	Raw materials and components	555		407
		4,992		4,160
	Progress/milestone payments	-911		(1,197		)
	Total	$	4,081	$	2,963

Accrued_Liabilities

Accrued Liabilities	9 Months Ended
	Sep. 27, 2014
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 27,		September 28,
		2014		2013
	Accrual at the beginning of period	$	223	$	222
	Provision	240		203
	Settlements	-240		(210		)
	Acquisitions	65		—
	Adjustments*	-8		(3		)
	Accrual at the end of period	$	280	$	212
	* Adjustments include changes to prior year estimates, new issues on prior year sales and currency translation adjustments.

Debt

Debt	9 Months Ended
	Sep. 27, 2014
Debt	'
Debt	'
	Note 8.  Debt
	On January 24, 2014, we entered into a five-year term loan agreement with a syndicate of banks in the principal amount of $500 million. On January 30, 2014, we issued $250 million in 3.65% notes due 2021 and $350 million in 4.30% notes due 2024 under our shelf registration statement.  Upon the closing of the Beechcraft acquisition on March 14, 2014, we fully drew down on the five-year term loan and used the cash, along with the net proceeds of the issuance of the notes, to finance a portion of the acquisition.  During the third quarter of 2014, we repaid $200 million of the five-year term loan.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Loss and Other Comprehensive Income	9 Months Ended
	Sep. 27, 2014
Accumulated Other Comprehensive Loss and Other Comprehensive Income	'
Accumulated Other Comprehensive Loss and Other Comprehensive Income	'
	Note 9.  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 27, 2014
	Beginning balance	$	93		$	-1,110		$	-10		$	(1,027	)
	Other comprehensive income (loss) before reclassifications	-47			9			-4			(42		)
	Amounts reclassified from Accumulated Other Comprehensive Loss	—			53			6			59
	Other comprehensive income (loss)	-47			62			2			17
	Ending balance	$	46		$	-1,048		$	-8		$	(1,010	)
	For the nine months ended September 28, 2013
	Beginning balance	$	81		$	-1,857		$	6		$	(1,770	)
	Other comprehensive income (loss) before reclassifications	3			—			-9			(6		)
	Amounts reclassified from Accumulated Other Comprehensive Loss	—			127			-2			125
	Other comprehensive income (loss)	3			127			-11			119
	Ending balance	$	84		$	-1,730		$	-5		$	(1,651	)
	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 27, 2014
	Pension and postretirement benefits adjustments:
	Amortization of net actuarial loss*	$	28		$	(10	)	$	18
	Amortization of prior service credit*	(2		)	1			(1		)
	Pension and postretirement benefits adjustments, net	26			(9		)	17
	Deferred gains/losses on hedge contracts:
	Current deferrals	(9		)	3			(6		)
	Reclassification adjustments	2			(1		)	1
	Deferred gains/losses on hedge contracts, net	(7		)	2			(5		)
	Foreign currency translation adjustments	(39		)	(4		)	(43		)
	Total	$	(20	)	$	(11	)	$	(31	)
	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 credit*	(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 nine months ended September 27, 2014
	Pension and postretirement benefits adjustments:
	Amortization of net actuarial loss*	$	85		$	(30	)	$	55
	Amortization of prior service credit*	(5		)	3			(2		)
	Amendment to postretirement benefit plan	15			(6		)	9
	Pension and postretirement benefits adjustments, net	95			(33		)	62
	Deferred gains/losses on hedge contracts:
	Current deferrals	(7		)	3			(4		)
	Reclassification adjustments	9			(3		)	6
	Deferred gains/losses on hedge contracts, net	2			—			2
	Foreign currency translation adjustments	(46		)	(1		)	(47		)
	Total	$	51		$	(34	)	$	17
	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
*These components of other comprehensive income are included in the computation of net periodic pension cost.  See Note 11 of our 2013 Annual Report on Form 10-K for additional information.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 27, 2014
Commitments and Contingencies	'
Commitments and Contingencies	'
	Note 10.  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; alleged lack of compliance with applicable laws and regulations; production partners; product liability; patent and trademark infringement; employment disputes; 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 suspension or debarment 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. 27, 2014
Derivative Instruments and Fair Value Measurements	'
Derivative Instruments and Fair Value Measurements	'
	Note 11.  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, which 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
	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.  We utilize foreign currency exchange contracts to manage this volatility.  Our 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 27, 2014 and December 28, 2013, we had foreign currency exchange contracts with notional amounts upon which the contracts were based of $753 million and $636 million, respectively.  At September 27, 2014, the fair value amounts of our foreign currency exchange contracts were a $7 million asset and a $15 million liability.  At December 28, 2013, the fair value amounts of our foreign currency exchange contracts were a $2 million asset and a $15 million liability.
	We primarily utilize forward exchange contracts which have maturities of no more than three years.  These contracts 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 27, 2014, we had a net deferred loss of $8 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 cash flow hedges, including gains and losses related to hedge ineffectiveness, were not significant in the periods presented.
	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 a net investment. We record changes in the fair value of these contracts in other comprehensive income to the extent they are effective as cash flow hedges.  Currency effects on the effective portion of these hedges, which are reflected in the foreign currency translation adjustments within Accumulated other comprehensive loss, were not significant in the periods presented.
	Our Finance group has entered 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.  These 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 data, which is based on readily observable market data published by third-party leading financial news and data providers.  At September 27, 2014 and December 28, 2013, we had interest rate exchange contracts with notional amounts upon which the contracts were based of $162 million and $229 million, respectively.  The fair value amounts of our interest rate exchange contracts were a $1 million asset and a $3 million liability at September 27, 2014.  At December 28, 2013, the fair value amounts of our interest rate exchange contracts were a $2 million asset and $5 million liability.
	Our exposure to loss from nonperformance by the counterparties to our derivative agreements at September 27, 2014 was minimal.  We do not anticipate nonperformance by counterparties in the periodic settlements of amounts due. We historically have minimized this potential for risk by entering into contracts exclusively with major, financially sound counterparties having no less than a long-term bond rating of A.  The credit risk generally is limited to the amount by which the counterparties’ contractual obligations exceed our obligations to the counterparty.  We continuously monitor our exposures to ensure that we limit our risks.
	Assets Recorded at Fair Value on a Nonrecurring Basis
	During the periods ended September 27, 2014 and December 28, 2013, the Finance group’s impaired nonaccrual finance receivables of $55 million and $45 million, respectively, were measured at fair value on a nonrecurring basis using significant unobservable inputs (Level 3).  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 totaling $5 million and $16 million for the three and nine months ended September 27, 2014, respectively, and $3 million and $8 million for the three and nine months ended September 27, 2013, respectively.
	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 27, 2014				December 28, 2013
	(In millions)	Carrying		Estimated Fair		Carrying		Estimated Fair
		Value		Value		Value		Value
	Manufacturing group
	Long-term debt, excluding leases	$    (2,760	)	$     (2,959	)	$    (1,854	)	$     (2,027	)
	Finance group
	Finance receivables held for investment, excluding leases	1,072		1,102		1,231		1,290
	Debt	(1,111	)	(1,112	)	(1,256	)	(1,244	)
	Fair value for the Manufacturing group debt is determined using market observable data for similar transactions (Level 2).  At September 27, 2014 and December 28, 2013, approximately 76% and 70%, respectively, of the fair value of term debt for the Finance group was determined based on discounted cash flow analyses using observable market inputs from debt with similar duration, subordination and credit default expectations (Level 2). The remaining Finance group debt was determined based on observable market transactions (Level 1). 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. 27, 2014
Income Tax Expense	'
Income Tax Expense	'
	Note 12.  Income Tax Expense
	Income tax expense equated to an effective income tax rate of 30.7% for both the three and nine months ended September 27, 2014, compared with the U.S. federal statutory income tax rate of 35.0%.  The difference between the statutory and the effective income tax rate was primarily due to benefits from income attributable to international operations in countries with lower tax rates.
	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 35.0%.  For the nine months ended September 28, 2013, the difference between the statutory and the effective 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.

Segment_Information

Segment Information	9 Months Ended
	Sep. 27, 2014
Segment Information	'
Segment Information	'
	Note 13.  Segment Information
	We operate in, and report financial information for, the following five business segments: Bell, Textron Systems, Industrial, Finance and the recently formed Textron Aviation segment as discussed in Note 1.
	Segment profit is an important measure used for evaluating performance and for decision-making purposes.  Segment profit for the manufacturing segments excludes interest expense, certain corporate expenses and acquisition and restructuring costs related to the Beechcraft acquisition.  The measurement for the Finance segment includes interest income and expense along with intercompany interest expense.  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 27,		September 28,			September 27,		September 28,
		2014		2013			2014		2013
	REVENUES
	Manufacturing group
	Textron Aviation	$	1,080	$	593		$	3,048	$	1,861
	Bell	1,182		1,162			3,174		3,136
	Textron Systems	358		405			1,003		1,256
	Industrial	785		711			2,476		2,239
		3,405		2,871			9,701		8,492
	Finance segment	25		33			81		106
	Total revenues	$	3,430	$	2,904		$	9,782	$	8,598
	SEGMENT PROFIT
	Manufacturing Group
	Textron Aviation	$	62	$	(23	)	$	104	$	(81	)
	Bell	146		131			383		395
	Textron Systems	27		35			100		107
	Industrial	53		52			213		188
		288		195			800		609
	Finance segment	5		13			16		47
	Segment profit	293		208			816		656
	Corporate expenses and other, net	-22		(34		)	-103		(109		)
	Interest expense, net for Manufacturing group	-37		(29		)	-108		(96		)
	Acquisition and restructuring costs	-3		—			-39		—
	Income from continuing operations before income taxes	$	231	$	145		$	566	$	451

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 27, 2014
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 2014 and 2013, 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.  These changes in estimates increased income from continuing operations before income taxes in the third quarter of 2014 and 2013 by $10 million and $4 million, respectively, ($6 million and $2 million after tax, or $0.02 and $0.01 per diluted share, respectively). For the third quarter of 2014 and 2013, the gross favorable program profit adjustments totaled $25 million and $12 million, respectively, and the gross unfavorable program profit adjustments totaled $15 million and $8 million, respectively.
	The changes in estimates increased income from continuing operations before income taxes in the first nine months of 2014 and 2013 by $69 million and $13 million, respectively, ($43 million and $8 million after tax, or $0.15 and $0.03 per diluted share, respectively).  For the first nine months of 2014 and 2013, the gross favorable program profit adjustments totaled $90 million and $30 million, respectively, and the gross unfavorable program profit adjustments totaled $21 million and $17 million, respectively.  Gross favorable program profit adjustments in the second quarter of 2014 included $16 million related to the settlement of the System Development and Demonstration phase of the Armed Reconnaissance Helicopter (ARH) program which was terminated in October 2008.
New Accounting Pronouncements	'
	New Accounting Pronouncements
	In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, “Revenue from Contracts with Customers,” that outlines a comprehensive five-step revenue recognition model based on the principle that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services.  Entities have the option of using either a full retrospective or a modified retrospective approach for the adoption. This ASU is effective for our company at the beginning of fiscal 2017; early adoption is not permitted. We are currently evaluating the new guidance to determine the impact it is expected to have on our consolidated financial statements, along with the transition method we expect to utilize.

Business_Acquisitions_Tables

Business Acquisitions (Tables)	9 Months Ended
	Sep. 27, 2014
Business Acquisitions	'
Schedule of allocation of the purchase price	'
	(In millions)
	Accounts receivable	$	118
	Inventories	770
	Other current assets	175
	Property, plant and equipment	258
	Intangible assets	581
	Goodwill	226
	Other assets	171
	Accounts payable	(143		)
	Accrued liabilities	(282		)
	Other liabilities	(396		)
	Total net assets acquired	$	1,478
Schedule of pro-forma consolidated financial information	'
		Three Months Ended					Nine Months Ended
	(In millions, except per share amounts)	September 27,			September 28,		September 27,		September 28,
		2014			2013		2014		2013
	Revenues	$	3,430		$	3,308	$	10,145	$	9,907
	Income from continuing operations, net of income taxes	169			78		462		279
	Diluted earnings per share from continuing operations	$	0.6		$	0.28	$	1.64	$	0.98

Retirement_Plans_Tables

Retirement Plans (Tables)	9 Months Ended
	Sep. 27, 2014
Retirement Plans	'
Components of net periodic benefit cost	'
		Pension Benefits					Postretirement Benefits
							Other Than Pensions
	(In millions)	September 27,		September 28,			September 27,		September 28,
		2014		2013			2014		2013
	Three Months Ended
	Service cost	$	27	$	33		$	1	$	1
	Interest cost	86		72			5		5
	Expected return on plan assets	-117		(104		)	—		—
	Amortization of prior service cost (credit)	3		4			-5		(6		)
	Amortization of net actuarial loss	28		46			—		2
	Net periodic benefit cost	$	27	$	51		$	1	$	2
	Nine Months Ended
	Service cost	$	81	$	100		$	3	$	5
	Interest cost	250		218			15		15
	Expected return on plan assets	-345		(314		)	—		—
	Amortization of prior service cost (credit)	11		11			-16		(11		)
	Amortization of net actuarial loss	84		138			1		5
	Net periodic benefit cost	$	81	$	153		$	3	$	14

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	9 Months Ended
	Sep. 27, 2014
Earnings Per Share	'
Weighted-average shares outstanding for basic and diluted EPS	'
		Three Months Ended		Nine Months Ended
	(In thousands)	September 27,	September 28,	September 27,	September 28,
		2014	2013	2014	2013
	Basic weighted-average shares outstanding	278,860	281,525	280,096	278,296
	Dilutive effect of:
	Stock options	1,892	185	2,027	221
	ASR	278	—	301	—
	Convertible notes and warrants	—	—	—	6,226
	Diluted weighted-average shares outstanding	281,030	281,710	282,424	284,743

Accounts_Receivable_and_Financ1

Accounts Receivable and Finance Receivables (Tables)	9 Months Ended
	Sep. 27, 2014
Accounts Receivable and Finance Receivables	'
Accounts Receivable	'
	(In millions)	September 27,		December 28,
		2014		2013
	Commercial	$	849	$	654
	U.S. Government contracts	329		347
		1,178		1,001
	Allowance for doubtful accounts	-28		(22		)
	Total	$	1,150	$	979
Finance Receivables	'
	(In millions)	September 27,		December 28,
		2014		2013
	Finance receivables held for investment	$	1,329	$	1,483
	Allowance for losses	-56		(55		)
	Total finance receivables held for investment, net	1,273		1,428
	Finance receivables held for sale	35		65
	Total finance receivables, net	$	1,308	$	1,493
Finance receivables categorized based on the internally assigned credit quality	'
	(In millions)	September 27,		December 28,
		2014		2013
	Performing	$	1,111	$	1,285
	Watchlist	117		93
	Nonaccrual	101		105
	Total	$	1,329	$	1,483
	Nonaccrual as a percentage of total finance receivables	7.60%		7.08%
Finance receivables by delinquency aging	'
	(In millions)	September 27,		December 28,
		2014		2013
	Less than 31 days past due	$	1,165	$	1,295
	31-60 days past due	94		108
	61-90 days past due	41		37
	Over 90 days past due	29		43
	Total	$	1,329	$	1,483
Summary of impaired finance receivables, excluding leveraged leases, and the average recorded investment	'
	(In millions)	September 27,		December 28,
		2014		2013
	Recorded investment:
	Impaired loans with related allowance for losses	$	78	$	59
	Impaired loans with no related allowance for losses	53		78
	Total	$	131	$	137
	Unpaid principal balance	$	135	$	141
	Allowance for losses on impaired loans	23		14
	Average recorded investment	116		155
Allowance for losses on finance receivables on an individual and on a collective basis	'
	(In millions)	September 27,		December 28,
		2014		2013
	Allowance based on collective evaluation	$	33	$	41
	Allowance based on individual evaluation	23		14
	Finance receivables evaluated collectively	$	1,077	$	1,226
	Finance receivables evaluated individually	131		137
Allowance for Losses	'
		Nine Months Ended
	(In millions)	September 27,		September 28,
		2014		2013
	Balance at the beginning of period	$	55	$	84
	Provision for losses	7		(23		)
	Charge-offs	-11		(9		)
	Recoveries	5		11
	Transfers	—		(1		)
	Balance at the end of period	$	56	$	62

Inventories_Tables

Inventories (Tables)	9 Months Ended
	Sep. 27, 2014
Inventories	'
Inventories	'
	(In millions)	September 27,		December 28,
		2014		2013
	Finished goods	$	1,646	$	1,276
	Work in process	2,791		2,477
	Raw materials and components	555		407
		4,992		4,160
	Progress/milestone payments	-911		(1,197		)
	Total	$	4,081	$	2,963

Accrued_Liabilities_Tables

Accrued Liabilities (Tables)	9 Months Ended
	Sep. 27, 2014
Accrued Liabilities	'
Changes in warranty and product maintenance liability	'
		Nine Months Ended
	(In millions)	September 27,		September 28,
		2014		2013
	Accrual at the beginning of period	$	223	$	222
	Provision	240		203
	Settlements	-240		(210		)
	Acquisitions	65		—
	Adjustments*	-8		(3		)
	Accrual at the end of period	$	280	$	212
	* Adjustments include changes to prior year estimates, new issues on prior year sales and currency translation adjustments.

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Loss and Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 27, 2014
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 27, 2014
	Beginning balance	$	93		$	-1,110		$	-10		$	(1,027	)
	Other comprehensive income (loss) before reclassifications	-47			9			-4			(42		)
	Amounts reclassified from Accumulated Other Comprehensive Loss	—			53			6			59
	Other comprehensive income (loss)	-47			62			2			17
	Ending balance	$	46		$	-1,048		$	-8		$	(1,010	)
	For the nine months ended September 28, 2013
	Beginning balance	$	81		$	-1,857		$	6		$	(1,770	)
	Other comprehensive income (loss) before reclassifications	3			—			-9			(6		)
	Amounts reclassified from Accumulated Other Comprehensive Loss	—			127			-2			125
	Other comprehensive income (loss)	3			127			-11			119
	Ending balance	$	84		$	-1,730		$	-5		$	(1,651	)
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 27, 2014
	Pension and postretirement benefits adjustments:
	Amortization of net actuarial loss*	$	28		$	(10	)	$	18
	Amortization of prior service credit*	(2		)	1			(1		)
	Pension and postretirement benefits adjustments, net	26			(9		)	17
	Deferred gains/losses on hedge contracts:
	Current deferrals	(9		)	3			(6		)
	Reclassification adjustments	2			(1		)	1
	Deferred gains/losses on hedge contracts, net	(7		)	2			(5		)
	Foreign currency translation adjustments	(39		)	(4		)	(43		)
	Total	$	(20	)	$	(11	)	$	(31	)
	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 credit*	(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 nine months ended September 27, 2014
	Pension and postretirement benefits adjustments:
	Amortization of net actuarial loss*	$	85		$	(30	)	$	55
	Amortization of prior service credit*	(5		)	3			(2		)
	Amendment to postretirement benefit plan	15			(6		)	9
	Pension and postretirement benefits adjustments, net	95			(33		)	62
	Deferred gains/losses on hedge contracts:
	Current deferrals	(7		)	3			(4		)
	Reclassification adjustments	9			(3		)	6
	Deferred gains/losses on hedge contracts, net	2			—			2
	Foreign currency translation adjustments	(46		)	(1		)	(47		)
	Total	$	51		$	(34	)	$	17
	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
	*These components of other comprehensive income are included in the computation of net periodic pension cost.  See Note 11 of our 2013 Annual Report on Form 10-K for additional information.

Derivative_Instruments_and_Fai1

Derivative Instruments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 27, 2014
Derivative Instruments and Fair Value Measurements	'
Carrying value and estimated fair values of financial instruments	'
		September 27, 2014				December 28, 2013
	(In millions)	Carrying		Estimated Fair		Carrying		Estimated Fair
		Value		Value		Value		Value
	Manufacturing group
	Long-term debt, excluding leases	$    (2,760	)	$     (2,959	)	$    (1,854	)	$     (2,027	)
	Finance group
	Finance receivables held for investment, excluding leases	1,072		1,102		1,231		1,290
	Debt	(1,111	)	(1,112	)	(1,256	)	(1,244	)

Segment_Information_Tables

Segment Information (Tables)	9 Months Ended
	Sep. 27, 2014
Segment Information	'
Reconciliation of segment profit to income from continuing operations before income taxes	'
		Three Months Ended					Nine Months Ended
	(In millions)	September 27,		September 28,			September 27,		September 28,
		2014		2013			2014		2013
	REVENUES
	Manufacturing group
	Textron Aviation	$	1,080	$	593		$	3,048	$	1,861
	Bell	1,182		1,162			3,174		3,136
	Textron Systems	358		405			1,003		1,256
	Industrial	785		711			2,476		2,239
		3,405		2,871			9,701		8,492
	Finance segment	25		33			81		106
	Total revenues	$	3,430	$	2,904		$	9,782	$	8,598
	SEGMENT PROFIT
	Manufacturing Group
	Textron Aviation	$	62	$	(23	)	$	104	$	(81	)
	Bell	146		131			383		395
	Textron Systems	27		35			100		107
	Industrial	53		52			213		188
		288		195			800		609
	Finance segment	5		13			16		47
	Segment profit	293		208			816		656
	Corporate expenses and other, net	-22		(34		)	-103		(109		)
	Interest expense, net for Manufacturing group	-37		(29		)	-108		(96		)
	Acquisition and restructuring costs	-3		—			-39		—
	Income from continuing operations before income taxes	$	231	$	145		$	566	$	451

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. 27, 2014	Jun. 28, 2014	Sep. 28, 2013	Sep. 27, 2014	Sep. 28, 2013
Contracts accounted for under percentage of completion method	'	'	'	'	'
Change in accounting estimate	'	'	'	'	'
Change in income from continuing operations before income taxes	$10	'	$4	$69	$13
Change in Accounting Estimate Financial Effect Increase in Income from Continuing Operations after taxes	6	'	2	43	8
Change in income from continuing operations per diluted share	$0.02	'	$0.01	$0.15	$0.03
Basis of Presentation	'	'	'	'	'
Gross favorable program profit adjustments	25	'	12	90	30
Gross unfavorable program profit adjustments	15	'	8	21	17
Gross favorable program profit adjustments related to the settlement of ARH program	'	$16	'	'	'

Business_Acquisitions_Details

Business Acquisitions (Details) (USD $)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

0 Months Ended

0 Months Ended

9 Months Ended

In Millions, except Per Share data, unless otherwise specified

Sep. 27, 2014

Sep. 27, 2014

Sep. 27, 2014

Sep. 28, 2013

Sep. 27, 2014

Sep. 28, 2013

Sep. 27, 2014

Sep. 27, 2014

Mar. 14, 2014

Mar. 29, 2014

Sep. 27, 2014

Sep. 27, 2014

Jan. 03, 2015

Mar. 14, 2014

Mar. 14, 2014

Sep. 27, 2014

Sep. 27, 2014

Jan. 30, 2014

Jan. 24, 2014

Sep. 27, 2014

Pro Forma

Pro Forma

Pro Forma

Pro Forma

2014 Acquisitions

2014 Acquisitions

2014 Beechcraft Acquisition

2014 Beechcraft Acquisition

2014 Beechcraft Acquisition

2014 Beechcraft Acquisition

2014 Beechcraft Acquisition

2014 Beechcraft Acquisition

2014 Beechcraft Acquisition

2014 Beechcraft Acquisition

2014 Beechcraft Acquisition

2014 Beechcraft Acquisition

2014 Beechcraft Acquisition

Other 2014 Acquisitions

Textron Aviation

Textron Aviation

Textron Aviation

Trade names

Unpatented technology and customer relationships

Unpatented technology and customer relationships

Unpatented technology and customer relationships

Senior notes

Term loan

Industrial and Textron Systems

Forecast

Minimum

Maximum

Business Acquisitions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate cash payment

'

'

'

'

'

'

'

'

$1,500

'

'

'

'

'

'

'

'

'

'

$101

Amount of debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

600

500

'

Debt instrument term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'5 years

'

Preliminary allocation of the purchase price

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accounts receivable

'

'

'

'

'

'

'

'

118

'

'

'

'

'

'

'

'

'

'

'

Inventories

'

'

'

'

'

'

'

'

770

'

'

'

'

'

'

'

'

'

'

'

Other current assets

'

'

'

'

'

'

'

'

175

'

'

'

'

'

'

'

'

'

'

'

Property, plant and equipment

'

'

'

'

'

'

'

'

258

'

'

'

'

'

'

'

'

'

'

'

Intangible assets

'

'

'

'

'

'

'

'

581

'

'

'

'

208

373

'

'

'

'

'

Goodwill

'

'

'

'

'

'

'

'

226

'

'

'

'

'

'

'

'

'

'

'

Other assets

'

'

'

'

'

'

'

'

171

'

'

'

'

'

'

'

'

'

'

'

Accounts payable

'

'

'

'

'

'

'

'

-143

'

'

'

'

'

'

'

'

'

'

'

Accrued liabilities

'

'

'

'

'

'

'

'

-282

'

'

'

'

'

'

'

'

'

'

'

Other liabilities

'

'

'

'

'

'

'

'

-396

'

'

'

'

'

'

'

'

'

'

'

Total net assets acquired

'

'

'

'

'

'

'

'

1,478

'

'

'

'

'

'

'

'

'

'

'

Estimate lives of intangible assets

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'15 years

'

'

'

'

'

Amortization expense

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

17

31

'

'

'

Tax-deductible goodwill

'

'

'

'

'

'

'

'

260

'

'

'

'

'

'

'

'

'

'

'

Unrecognized Tax Benefits

'

'

'

'

'

'

'

'

95

'

'

'

'

'

'

'

'

'

'

'

Expected cost

'

'

'

'

'

'

'

'

'

'

'

'

35

'

'

'

'

'

'

'

Charges related to restructuring activities

'

'

'

'

'

'

'

'

'

'

3

28

'

'

'

'

'

'

'

'

Transaction costs

'

'

'

'

'

'

'

'

'

11

'

'

'

'

'

'

'

'

'

'

Revenues

'

'

3,430

3,308

10,145

9,907

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Revenues

'

'

'

'

'

'

435

993

'

'

'

'

'

'

'

'

'

'

'

'

Income from continuing operations, net of income taxes

'

'

169

78

462

279

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Diluted earnings per share from continuing operations (in dollars per share)

'

'

$0.60

$0.28

$1.64

$0.98

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Transaction and restructuring costs

$3

$39

'

'

'

'

'

'

'

'

$3

$39

'

'

'

'

'

'

'

'

Retirement_Plans_Details

Retirement Plans (Details) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 27, 2014	Sep. 28, 2013	Sep. 27, 2014	Sep. 28, 2013
Pension Benefits	'	'	'	'
Net periodic benefit cost	'	'	'	'
Service cost	$27	$33	$81	$100
Interest cost	86	72	250	218
Expected return on plan assets	-117	-104	-345	-314
Amortization of prior service cost (credit)	3	4	11	11
Amortization of net actuarial loss	28	46	84	138
Net periodic benefit cost	27	51	81	153
Postretirement Benefits Other than Pensions	'	'	'	'
Net periodic benefit cost	'	'	'	'
Service cost	1	1	3	5
Interest cost	5	5	15	15
Amortization of prior service cost (credit)	-5	-6	-16	-11
Amortization of net actuarial loss	'	2	1	5
Net periodic benefit cost	$1	$2	$3	$14

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	1 Months Ended	3 Months Ended		9 Months Ended
In Millions, except Share data, unless otherwise specified	Feb. 28, 2014	Sep. 27, 2014	Sep. 28, 2013	Sep. 27, 2014	Sep. 28, 2013
Earnings Per Share	'	'	'	'	'
Shares repurchased under ASR	4,300,000	'	'	'	'
Value of shares repurchased under ASR	$150	'	'	'	'
Shares required for settlement of accelerated share repurchase agreement	'	278,000	'	278,000	'
Weighted-average shares outstanding for basic and diluted	'	'	'	'	'
Basic weighted-average shares outstanding	'	278,860,000	281,525,000	280,096,000	278,296,000
Dilutive effect of:	'	'	'	'	'
Stock options	'	1,892,000	185,000	2,027,000	221,000
ASR	'	278,000	'	301,000	'
Convertible notes and warrants	'	'	'	'	6,226,000
Diluted weighted-average shares outstanding	'	281,030,000	281,710,000	282,424,000	284,743,000
Anti-dilutive effect of weighted average shares	'	2,000,000	6,000,000	2,000,000	5,000,000

Accounts_Receivable_and_Financ2

Accounts Receivable and Finance Receivables (Details) (USD $)	Sep. 27, 2014	Dec. 28, 2013
In Millions, unless otherwise specified
Accounts Receivable	'	'
Unbillable receivables on U.S. Government contracts within accounts receivable	$124	$163
Manufacturing group	'	'
Accounts Receivable	'	'
Accounts Receivable, Gross	1,178	1,001
Allowance for doubtful accounts	-28	-22
Total	1,150	979
Commercial	'	'
Accounts Receivable	'	'
Accounts Receivable, Gross	849	654
U. S. Government Contracts	'	'
Accounts Receivable	'	'
Accounts Receivable, Gross	$329	$347

Accounts_Receivable_and_Financ3

Accounts Receivable and Finance Receivables (Details 2) (USD $)	Sep. 27, 2014	Dec. 28, 2013	Sep. 28, 2013	Dec. 29, 2012
In Millions, unless otherwise specified
Finance Receivables	'	'	'	'
Finance receivables held for investment	$1,329	$1,483	'	'
Allowance for losses	-56	-55	-62	-84
Total finance receivables held for investment, net	1,273	1,428	'	'
Finance receivables held for sale	35	65	'	'
Total finance receivables, net	$1,308	$1,493	'	'

Accounts_Receivable_and_Financ4

Accounts Receivable and Finance Receivables (Details 3) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 27, 2014	Dec. 28, 2013
	item
Accounts Receivable and Finance Receivables	'	'
Number of loan categories based on key credit quality indicators for individual loan	3	'
Finance receivables categorized based on the internally assigned credit quality	'	'
Total finance receivables	$1,329	$1,483
Performing	'	'
Finance receivables categorized based on the internally assigned credit quality	'	'
Total finance receivables	1,111	1,285
Watchlist	'	'
Finance receivables categorized based on the internally assigned credit quality	'	'
Total finance receivables	117	93
Nonaccrual	'	'
Finance receivables categorized based on the internally assigned credit quality	'	'
Total finance receivables	$101	$105
Nonaccrual as a percentage of total finance receivables	7.60%	7.08%
Nonaccrual | Minimum	'	'
Finance receivables categorized 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	'

Accounts_Receivable_and_Financ5

Accounts Receivable and Finance Receivables (Details 4) (USD $)	Sep. 27, 2014	Dec. 28, 2013
In Millions, unless otherwise specified
Finance receivables held for investment by delinquency aging	'	'
Financing receivable, recorded investment, less than 31 days past due	$1,165	$1,295
Financing receivable, recorded investment, 31 to 60 days past due	94	108
Financing receivable, recorded investment, 61 days to 90 days past due	41	37
Financing receivable, recorded investment, over 90 days past due	29	43
Total finance receivables held for investment	1,329	1,483
Financing receivable accrual status loans, recorded investment, greater than 90 days past due	$4	$5
Contractual delinquency of 60 plus days as percentage of finance receivables	5.27%	5.39%

Accounts_Receivable_and_Financ6

Accounts Receivable and Finance Receivables (Details 5) (USD $)	9 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Sep. 27, 2014	Dec. 28, 2013
Summary of impaired finance receivables, excluding leveraged leases, at year end and the average recorded investment	'	'
Recorded investment, impaired loans with related allowance for losses	$78	$59
Recorded investment, impaired loans with no related allowance for losses	53	78
Recorded investment, Total	131	137
Unpaid principal balance	135	141
Allowance for losses on impaired loans	23	14
Average recorded investment	$116	$155

Accounts_Receivable_and_Financ7

Accounts Receivable and Finance Receivables (Details 6) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 27, 2014	Sep. 28, 2013	Dec. 28, 2013
Finance receivables	'	'	'
Allowance based on collective evaluation	$33	'	$41
Allowance based on individual evaluation	23	'	14
Finance receivables evaluated collectively	1,077	'	1,226
Finance receivables evaluated individually	131	'	137
Allowance for losses	'	'	'
Balance at the beginning of period	55	84	'
Provision for losses	7	-23	'
Charge-offs	-11	-9	'
Recoveries	5	11	'
Transfers	'	-1	'
Balance at the end of period	$56	$62	'

Inventories_Details

Inventories (Details) (USD $)	Sep. 27, 2014	Dec. 28, 2013
In Millions, unless otherwise specified
Inventories	'	'
Finished goods	$1,646	$1,276
Work in process	2,791	2,477
Raw materials and components	555	407
Inventories, Gross	4,992	4,160
Progress/milestone payments	-911	-1,197
Total	$4,081	$2,963

Accrued_Liabilities_Details

Accrued Liabilities (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 27, 2014	Sep. 28, 2013
Changes in warranty and product maintenance contract liability	'	'
Accrual at beginning of the period	$223	$222
Provision	240	203
Settlements	-240	-210
Acquisitions	65	'
Adjustments	-8	-3
Accrual at end of the period	$280	$212
Minimum	'	'
Accrued Liabilities	'	'
Term of limited warranty and maintenance programs	'1 year	'
Maximum	'	'
Accrued Liabilities	'	'
Term of limited warranty and maintenance programs	'5 years	'

Debt_Details

Debt (Details) (USD $)	9 Months Ended				0 Months Ended	3 Months Ended
In Millions, unless otherwise specified	Sep. 27, 2014	Sep. 28, 2013	Jan. 30, 2014	Jan. 30, 2014	Jan. 24, 2014	Sep. 27, 2014
			3.65% notes due 2021	4.30% notes due 2024	Term loan	Term loan
					Beech	Beech
Debt	'	'	'	'	'	'
Debt instrument term	'	'	'	'	'5 years	'
Face value of the notes	'	'	$250	$350	$500	'
Interest rate	'	'	3.65%	4.30%	'	'
Repayment of debt	$462	$997	'	'	'	$200

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Loss and Other Comprehensive Income (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 27, 2014	Sep. 28, 2013
Components of Accumulated other comprehensive loss	'	'
Balance at the beginning of the period	($1,027)	($1,770)
Other comprehensive income (loss) before reclassifications	-42	-6
Amounts reclassified from Accumulated Other Comprehensive Loss	59	125
Other comprehensive income (loss)	17	119
Balance at the end of the period	-1,010	-1,651
Foreign Currency Translation Adjustments	'	'
Components of Accumulated other comprehensive loss	'	'
Balance at the beginning of the period	93	81
Other comprehensive income (loss) before reclassifications	-47	3
Other comprehensive income (loss)	-47	3
Balance at the end of the period	46	84
Pension and Post Retirement Benefits Adjustments	'	'
Components of Accumulated other comprehensive loss	'	'
Balance at the beginning of the period	-1,110	-1,857
Other comprehensive income (loss) before reclassifications	9	'
Amounts reclassified from Accumulated Other Comprehensive Loss	53	127
Other comprehensive income (loss)	62	127
Balance at the end of the period	-1,048	-1,730
Deferred Gains/Losses on Hedge Contracts	'	'
Components of Accumulated other comprehensive loss	'	'
Balance at the beginning of the period	-10	6
Other comprehensive income (loss) before reclassifications	-4	-9
Amounts reclassified from Accumulated Other Comprehensive Loss	6	-2
Other comprehensive income (loss)	2	-11
Balance at the end of the period	($8)	($5)

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. 27, 2014	Sep. 28, 2013	Sep. 27, 2014	Sep. 28, 2013
Pension and postretirement benefits adjustments, Pre-Tax:	'	'	'	'
Amortization of net actuarial loss included in net periodic pension cost, pre-tax	$28	$48	$85	$143
Amortization of prior service credit included in net periodic pension cost, pre-tax	-2	-2	-5	'
Amendment to postretirement benefit plan, pre-tax	'	55	15	55
Pension and postretirement benefits adjustments, net, Pre-Tax	26	101	95	198
Deferred gains/losses on hedge contracts, pre-tax:	'	'	'	'
Current deferrals, pre-tax	-9	3	-7	-11
Reclassification adjustments included in net income, pre-tax	2	'	9	-3
Deferred gains/losses on hedge contracts, net, pre-tax	-7	3	2	-14
Foreign currency translation adjustments, pre-tax	-39	8	-46	6
Other comprehensive income, pre-tax	-20	112	51	190
Pension and postretirement benefits adjustments, tax (Expense) Benefit:	'	'	'	'
Amortization of net actuarial loss included in net periodic pension cost, tax	-10	-18	-30	-51
Amortization of prior service credit included in net periodic pension cost, tax	1	1	3	'
Amendment to postretirement benefit plan, tax	'	-20	-6	-20
Pension and postretirement benefits adjustments, net, tax	-9	-37	-33	-71
Deferred gains/losses on hedge contracts, tax:	'	'	'	'
Current deferrals, tax	3	-1	3	2
Reclassification adjustments included in net income, tax	-1	'	-3	1
Deferred gains/losses on hedge contracts, net, tax	2	-1	'	3
Foreign currency translation adjustments, Tax	-4	4	-1	-3
Other comprehensive income, Tax	-11	-34	-34	-71
Pension and postretirement benefits adjustments, After Tax:	'	'	'	'
Amortization of net actuarial loss included in net periodic pension cost, after tax	18	30	55	92
Amortization of prior service credit included in net periodic pension cost, after tax	-1	-1	-2	'
Amendment to postretirement benefit plan, after tax	'	35	9	35
Pension and postretirement benefits adjustments net, After-Tax	17	64	62	127
Deferred gains/losses on hedge contracts, after tax:	'	'	'	'
Current deferrals, after tax	-6	2	-4	-9
Reclassification adjustments included in net income, after tax	1	'	6	-2
Deferred gains/losses on hedge contracts, net, after tax	-5	2	2	-11
Foreign currency translation adjustments, after Tax	-43	12	-47	3
Other comprehensive income (loss)	($31)	$78	$17	$119

Derivative_Instruments_and_Fai2

Derivative Instruments and Fair Value Measurements (Details) (USD $)	9 Months Ended
In Millions, unless otherwise specified	Sep. 27, 2014	Sep. 27, 2014	Dec. 28, 2013	Sep. 27, 2014	Sep. 27, 2014	Dec. 28, 2013	Sep. 27, 2014	Dec. 28, 2013
	Manufacturing group	Interest rate exchange contracts	Interest rate exchange contracts	Foreign currency exchange contracts	Foreign currency exchange contracts	Foreign currency exchange contracts	Level 2	Level 2
		Finance group	Finance group		Manufacturing group	Manufacturing group	Foreign currency exchange contracts	Foreign currency exchange contracts
							Manufacturing group	Manufacturing group
Fair value of derivative instruments	'	'	'	'	'	'	'	'
Notional amounts	'	$162	$229	'	$753	$636	'	'
Derivative Asset, Fair Value	'	1	2	'	'	'	7	2
Derivative Liability, Fair Value	'	3	5	'	'	'	15	15
Forward exchange contracts maximum maturity period	'3 years	'	'	'	'	'	'	'
Net deferred gain / loss in Accumulated OCI	'	'	'	($8)	'	'	'	'

Derivative_Instruments_and_Fai3

Derivative Instruments and Fair Value Measurements (Details 2) (USD $)	3 Months Ended		9 Months Ended
In Millions, unless otherwise specified	Sep. 27, 2014	Sep. 28, 2013	Sep. 27, 2014	Sep. 28, 2013	Dec. 28, 2013
Manufacturing group | Carrying Value	'	'	'	'	'
Carrying value of financial instruments not recorded at fair value	'	'	'	'	'
Long-term debt, excluding leases	($2,760)	'	($2,760)	'	($1,854)
Manufacturing group | Estimated Fair Value	'	'	'	'	'
Carrying value of financial instruments not recorded at fair value	'	'	'	'	'
Long-term debt, excluding leases	-2,959	'	-2,959	'	-2,027
Finance group	'	'	'	'	'
Assets measured at fair value on a nonrecurring basis	'	'	'	'	'
Portion of fair value of term debt determined based on observable market transactions (as a percent)	76.00%	'	76.00%	'	70.00%
Carrying value of financial instruments not recorded at fair value	'	'	'	'	'
Debt	-1,111	'	-1,111	'	-1,256
Finance group | Carrying Value	'	'	'	'	'
Carrying value of financial instruments not recorded at fair value	'	'	'	'	'
Finance receivables held for investment, excluding leases	1,072	'	1,072	'	1,231
Debt	-1,111	'	-1,111	'	-1,256
Finance group | Estimated Fair Value	'	'	'	'	'
Carrying value of financial instruments not recorded at fair value	'	'	'	'	'
Finance receivables held for investment, excluding leases	1,102	'	1,102	'	1,290
Debt	-1,112	'	-1,112	'	-1,244
Fair Value, Measurements, Nonrecurring | Finance group | Unobservable Inputs (Level 3)	'	'	'	'	'
Assets measured at fair value on a nonrecurring basis	'	'	'	'	'
Impaired finance receivables, Balance	55	'	55	'	45
Impaired finance receivables, Gain (Loss)	$5	$3	$16	$8	'

Income_Tax_Expense_Details

Income Tax Expense (Details)	3 Months Ended		9 Months Ended
	Sep. 27, 2014	Sep. 28, 2013	Sep. 27, 2014	Sep. 28, 2013
Income Tax Expense	'	'	'	'
Effective income tax rate (as a percent)	30.70%	32.40%	30.70%	27.50%
U.S. federal statutory income tax rate (as a percent)	35.00%	35.00%	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. 27, 2014	Sep. 28, 2013	Sep. 27, 2014	Sep. 28, 2013
			item
Operating and reportable business segments	'	'	'	'
Number of business operating segments	'	'	5	'
Number of reportable business segments	'	'	5	'
REVENUES	'	'	'	'
Manufacturing revenues	$3,405	$2,871	$9,701	$8,492
Finance revenues	25	33	81	106
Total revenues	3,430	2,904	9,782	8,598
SEGMENT PROFIT	'	'	'	'
Segment profit	293	208	816	656
Corporate expenses and other, net	-22	-34	-103	-109
Interest Expense, net for Manufacturing group	-37	-29	-108	-96
Acquisition and restructuring costs	-3	'	-39	'
Income from continuing operations before income taxes	231	145	566	451
Manufacturing group	'	'	'	'
REVENUES	'	'	'	'
Manufacturing revenues	3,405	2,871	9,701	8,492
SEGMENT PROFIT	'	'	'	'
Segment profit	288	195	800	609
Textron Aviation | Manufacturing group	'	'	'	'
REVENUES	'	'	'	'
Manufacturing revenues	1,080	593	3,048	1,861
SEGMENT PROFIT	'	'	'	'
Segment profit	62	-23	104	-81
Bell | Manufacturing group	'	'	'	'
REVENUES	'	'	'	'
Manufacturing revenues	1,182	1,162	3,174	3,136
SEGMENT PROFIT	'	'	'	'
Segment profit	146	131	383	395
Textron Systems | Manufacturing group	'	'	'	'
REVENUES	'	'	'	'
Manufacturing revenues	358	405	1,003	1,256
SEGMENT PROFIT	'	'	'	'
Segment profit	27	35	100	107
Industrial | Manufacturing group	'	'	'	'
REVENUES	'	'	'	'
Manufacturing revenues	785	711	2,476	2,239
SEGMENT PROFIT	'	'	'	'
Segment profit	53	52	213	188
Finance segment	'	'	'	'
REVENUES	'	'	'	'
Finance revenues	25	33	81	106
SEGMENT PROFIT	'	'	'	'
Segment profit	$5	$13	$16	$47