SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
_______________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
October 6, 1998
(Date of earliest event
reported)
TEXTRON INC.
(Exact name of registrant as specified in its
charter)
Delaware 1-5480 05-0315468
(State of (Commission File (IRS Employer
Incorporation ) No.) Identification No.)
40 Westminster Street, Providence, Rhode
Island 02903
(Address of principal executive offices,
including zip code)
(401)-421-2800
(Registrant's telephone number,
including area code)
N/A
(Former name or former address, if
changed since last report)
Item 5. Other Events
As previously reported by the Registrant, Textron Inc. ("Textron"), in a Current
Report on Form 8-K dated August 11, 1998, Textron has entered into an agreement
to sell its Avco Financial Services, Inc. (AFS) unit to Associates First Capital
Corporation. Textron has restated its financial statements for the following
periods to reflect AFS as a discontinued operation: 1) for each of the three
years in the period ended January 3, 1998; 2) for the three month period ended
April 4, 1998; and 3) for the six month period ended July 4, 1998. The restated
financial statements, together with other restated financial information, are
filed herewith as Exhibit 99.1, Exhibit 99.2 and Exhibit 99.3.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit Exhibit
No.
23 Consent of Independent Auditors.
Note: Exhibits 27.1 through 27.14 are filed electronically only
27.1 Restated financial data schedule for period ended April 1, 1995
27.2 Restated financial data schedule for period ended July 1, 1995
27.3 Restated financial data schedule for period ended September 30,
1995
27.4 Restated financial data schedule for period ended December 30,
1995
27.5 Restated financial data schedule for period ended March 30, 1996
27.6 Restated financial data schedule for period ended June 29, 1996
27.7 Restated financial data schedule for period ended September 28,
1996
27.8 Restated financial data schedule for period ended December 28,
1996
27.9 Restated financial data schedule for period ended March 29, 1997
27.10 Restated financial data schedule for period ended June 28, 1997
27.11 Restated financial data schedule for period ended September 27,
1997
27.12 Restated financial data schedule for period ended January 3, 1998
27.13 Restated financial data schedule for period ended April 4, 1998
27.14 Restated financial data schedule for period ended July 4, 1998
99.1 Restated financial statements and related financial information
for the period ended January 3, 1998
99.2 Restated financial statements and related financial information
for the three month period ended April 4, 1998
99.3 Restated financial statements and related financial information
for the six month period ended July 4, 1998
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TEXTRON INC.
(Registrant)
By:/s/ Richard Yates
Name: Richard L. Yates
Title: Vice President and Controller
Dated: October 6, 1998
INDEX TO EXHIBITS
Exhibit Exhibit
No.
23 Consent of Independent Auditors.
Note: Exhibits 27.1 through 27.12
27.1 Restated financial data schedule for period ended April 1, 1995
27.2 Restated financial data schedule for period ended July 1, 1995
27.3 Restated financial data schedule for period ended September 30,
1995
27.4 Restated financial data schedule for period ended December 30,
1995
27.5 Restated financial data schedule for period ended March 30,
1996
27.6 Restated financial data schedule for period ended June 29, 1996
27.7 Restated financial data schedule for period ended September 28,
1996
27.8 Restated financial data schedule for period ended December 28,
1996
27.9 Restated financial data schedule for period ended March 29,
1997
27.10 Restated financial data schedule for period ended June 28, 1997
27.11 Restated financial data schedule for period ended September 27,
1997
27.12 Restated financial data schedule for period ended January 3,
1998
27.13 Restated financial data schedule for period ended April 4, 1998
27.14 Restated financial data schedule for period ended July 4, 1998
99.1 Restated financial statements and related financial information
for the period ended January 3, 1998
99.2 Restated financial statements and related financial information
for the three month period ended April 4, 1998
99.3 Restated financial statements and related financial information
for the six month period ended July 4, 1998