| TEXTRON INC. | ||||||||||||||||||||||
| Condensed Consolidated Schedule of Cash Flows | ||||||||||||||||||||||
| (In millions) | ||||||||||||||||||||||
| (Unaudited) | ||||||||||||||||||||||
| Three Months Ended | Twelve Months Ended | |||||||||||||||||||||
| December 30, | December 31, | December 30, | December 31, | |||||||||||||||||||
| 2017 | 2016 | 2017 | 2016 | |||||||||||||||||||
| Cash flows from operating activities: | ||||||||||||||||||||||
| Income (loss) from continuing operations | $ | (106 | ) | $ | 215 | $ | 306 | $ | 843 | |||||||||||||
| Depreciation and amortization | 115 | 118 | 447 | 449 | ||||||||||||||||||
| Changes in working capital | 352 | 473 | 131 | (375 | ) | |||||||||||||||||
| Changes in other assets and liabilities and non-cash items | 234 | 63 | 96 | 97 | ||||||||||||||||||
| Net cash from operating activities of continuing operations | 595 | 869 | 980 | 1,014 | ||||||||||||||||||
| Cash flows from investing activities: | ||||||||||||||||||||||
| Capital expenditures | (147 | ) | (140 | ) | (423 | ) | (446 | ) | ||||||||||||||
| Net cash used in acquisitions | (1 | ) | (7 | ) | (331 | ) | (186 | ) | ||||||||||||||
| Finance receivables repaid | 5 | 4 | 32 | 44 | ||||||||||||||||||
| Other investing activities, net | 12 | 12 | 60 | 65 | ||||||||||||||||||
| Net cash from investing activities | (131 | ) | (131 | ) | (662 | ) | (523 | ) | ||||||||||||||
| Cash flows from financing activities: | ||||||||||||||||||||||
| Proceeds from long-term debt | 354 | 5 | 1,036 | 525 | ||||||||||||||||||
| Principal payments on long-term debt and nonrecourse debt | (725 | ) | (24 | ) | (841 | ) | (457 | ) | ||||||||||||||
| Increase (decrease) in short-term debt | - | (113 | ) | 2 | (3 | ) | ||||||||||||||||
| Purchases of Textron common stock | (131 | ) | (26 | ) | (582 | ) | (241 | ) | ||||||||||||||
| Other financing activities, net | 5 | 4 | 25 | 8 | ||||||||||||||||||
| Net cash from financing activities | (497 | ) | (154 | ) | (360 | ) | (168 | ) | ||||||||||||||
| Total cash flows from continuing operations | (33 | ) | 584 | (42 | ) | 323 | ||||||||||||||||
| Total cash flows from discontinued operations | (3 | ) | - | (27 | ) | (2 | ) | |||||||||||||||
| Effect of exchange rate changes on cash and equivalents | 4 | (25 | ) | 33 | (28 | ) | ||||||||||||||||
| Net change in cash and equivalents | (32 | ) | 559 | (36 | ) | 293 | ||||||||||||||||
| Cash and equivalents at beginning of period | 1,294 | 739 | 1,298 | 1,005 | ||||||||||||||||||
| Cash and equivalents at end of period | $ | 1,262 | $ | 1,298 | $ | 1,262 | $ | 1,298 | ||||||||||||||
TEXTRON INC.
