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TEXTRON INC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2022202120202019201820172016201520142013
Period End Date12/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/2013
Manufacturing revenues12,817.0012,333.0011,596.0013,564.0013,906.0014,129.0013,710.0013,340.0013,775.0011,972.00
Finance revenues52.0049.0055.0066.0066.0069.0078.0083.00103.00132.00
Total Revenues12,869.0012,382.0011,651.0013,630.0013,972.0014,198.0013,788.0013,423.0013,878.0012,104.00
Cost of sales--10,297.0010,094.0011,406.0011,594.0011,827.0011,337.0010,979.0011,421.0010,131.00
Gross Profit----------2,371.00--------
Selling and administrative--1,221.001,045.001,152.001,275.001,334.001,317.001,304.001,361.001,126.00
Corporate expenses and other, net113.00------------------
Acquisition and restructuring costs------------------0.00
Interest expense94.00142.00166.00171.00166.00174.00174.00169.00191.00173.00
Special charges--25.00147.0072.0073.00130.00123.00--52.00--
Provision for losses on finance receivables--------------------
Gain on sale of businesses--------------------
Gains on sale of divisions--------444.00----------
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, ne--159.0083.00113.0076.0029.0039.00------
Gain on business disposition--17.00----------------
Income (loss) from continuing operations before income taxes1,016.00873.00282.00942.001,384.00762.00876.00971.00853.00674.00
Current-State--15.00(76.00)16.009.00(9.00)18.0016.0018.0010.00
Current- Foreign--47.0057.0070.00101.0079.0041.0041.0054.0056.00
Deferred- Foreign--(2.00)(15.00)(3.00)--13.008.001.00(3.00)(17.00)
Deferred:State--(10.00)5.00(20.00)(5.00)(14.00)(7.00)(14.00)(4.00)13.00
Income tax expense (benefit)154.00126.00(27.00)127.00162.00456.0033.00273.00248.00176.00
Federal: Current--41.00(1.00)(48.00)3.0029.00(74.00)212.00195.0023.00
Federal: Deferred--35.003.00112.0060.00358.0047.0017.00(12.00)91.00
Foreign--------(6.00)----------
Current : State--------------------
Distributions on preferred securities of subsidiary trusts, net of income taxes--------------------
Income (loss) from Continuing Operations862.00747.00309.00815.00--306.00843.00698.00605.00498.00
Loss from discontinued operations, net of income taxes(1.00)(1.00)------1.00119.00(1.00)(5.00)--
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 stockholders861.00746.00309.00815.001,222.00307.00962.00697.00600.00498.00
Earnings Per Share (Basic) - Cont Ops--3.331.353.52--1.153.112.522.171.78
Loss from discontinued operations, net of income taxes------------0.440.00(0.02)--
Cumulative effect of change in accounting principle, net of income taxes--------------------
Net Earnings Per Share (Basic)--3.331.353.524.881.153.552.522.151.78
Earnings Per Share (Diluted) - Cont Ops--3.301.353.50--1.143.092.502.151.75
Loss from discontinued operations, net of income taxes------------0.440.00(0.02)--
Cumulative effect of change in accounting principle, net of income taxes--------------------
Net Earnings Per Share (Diluted)4.013.301.353.504.831.143.532.502.131.75
Weighted Average Shares Outstanding (Basic)--224.11228.54231.32250.20266.38270.77276.68279.41279.30
Weighted Average Shares Outstanding (Diluted)214.97226.52228.98232.71253.24268.75272.37278.73281.79284.43