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TEXTRON INC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Manufacturing revenues------12,333.0011,596.0013,564.0013,906.0014,129.0013,710.0013,340.00
Finance revenues50.0055.0052.0049.0055.0066.0066.0069.0078.0083.00
Manufacturing service revenues2,277.002,055.001,872.00--------------
Manufacturing product revenues11,375.0011,573.0010,945.00--------------
Total Revenues13,702.0013,683.0012,869.0012,382.0011,651.0013,630.0013,972.0014,198.0013,788.0013,423.00
Cost of sales------10,297.0010,094.0011,406.0011,594.0011,795.0011,311.0010,979.00
Cost of Products Sold9,403.009,770.009,380.00--------------
Cost of services sold1,797.001,635.001,420.00--------------
Gross Profit2,502.00--------2,224.00--------
Research and development costs491.00------------------
Selling and administrative1,156.001,225.001,186.001,221.001,045.001,152.001,275.001,337.001,304.001,304.00
Acquisition and restructuring costs------------------0.00
Interest expense97.0077.00107.00142.00166.00171.00166.00174.00174.00169.00
Special charges78.00126.00--25.00147.0072.0073.00130.00123.00--
Provision for losses on finance receivables--------------------
Gain on sale of businesses------------444.00------
Gains on sale of divisions--------------------
Gain (loss) on sale of assets--------------------
Interest income--------------------
Other losses (gains), net--------------------
Valuation allowance on transfer of Golf Mortgage portfolio to held for sale--------------------
Non-service components of pension and post-retirement income, ne263.00237.00240.00159.0083.00113.0076.00------
Gain on business disposition------17.00------------
Income (loss) from continuing operations before income taxes943.001,087.001,016.00873.00282.00942.001,384.00762.00876.00971.00
Current-State21.0018.0033.0015.00(76.00)16.009.00(9.00)18.0016.00
Current- Foreign61.0072.0069.0047.0057.0070.00101.0079.0041.0041.00
Deferred- Foreign10.00(12.00)(9.00)(2.00)--(3.00)(6.00)13.008.001.00
Deferred:State(24.00)1.00(29.00)(10.00)5.00(20.00)(5.00)(14.00)(7.00)(14.00)
Income tax expense (benefit)118.00165.00154.00126.00(27.00)127.00162.00456.0033.00273.00
Federal: Current84.00267.00272.0041.00(1.00)(48.00)3.0029.00(74.00)212.00
Federal: Deferred(34.00)(181.00)(182.00)35.003.00112.0060.00358.0047.0017.00
Foreign--------(15.00)----------
Current : State--------------------
Distributions on preferred securities of subsidiary trusts, net of income taxes--------------------
Income (loss) from Continuing Operations825.00922.00862.00747.00--815.001,222.00306.00843.00698.00
Loss from discontinued operations, net of income taxes(1.00)(1.00)(1.00)(1.00)------1.00119.00(1.00)
Income before extraordinary loss and cumulative effect of change in accounting p--------------------
Cumulative effect of change in accounting principle,net of income taxes--------------------
Net income (loss) attributable to common stockholders824.00921.00861.00746.00309.00815.001,222.00307.00962.00697.00
Earnings Per Share (Basic) - Cont Ops4.384.624.053.33--3.524.881.153.112.52
Loss from discontinued operations, net of income taxes--(0.01)----------0.000.440.00
Cumulative effect of change in accounting principle, net of income taxes--------------------
Net Earnings Per Share (Basic)4.384.614.053.331.353.524.881.153.552.52
Earnings Per Share (Diluted) - Cont Ops4.344.574.013.30--3.504.831.143.092.50
Loss from discontinued operations, net of income taxes(0.01)------------0.000.440.00
Cumulative effect of change in accounting principle, net of income taxes--------------------
Net Earnings Per Share (Diluted)4.334.564.013.301.353.504.831.143.532.50
Weighted Average Shares Outstanding (Basic)188.32199.72212.81224.11228.54231.32250.20266.38270.77276.68
Weighted Average Shares Outstanding (Diluted)190.31201.77214.97226.52228.98232.71253.24268.75272.37278.73