Textron Reports Fourth Quarter 2017 Results; Announces 2018 Financial Outlook

(a) For the three months ended December 30, 2017, the diluted average shares used to calculate EPS on a GAAP basis excludes potential common shares (stock options and restricted stock units), due to their antidilutive effect resulting from the net loss. For the twelve months ended December 30, 2017, and the three and twelve months ended December 31, 2016, fully dilutive shares were used to calculate EPS.

(b) The non-GAAP per share information for the three months ended December 30, 2017 is calculated using diluted average shares outstanding of 266,099,000.

     
 
Manufacturing Cash Flow Before Pension Contributions GAAP to Non-GAAP Outlook:
         
2018 Outlook
Net cash from operating activities of continuing operations - GAAP $ 1,170 - $ 1,270

Less: Capital expenditures

(525)

Plus: Total pension contributions

55
Manufacturing cash flow before pension contributions- Non-GAAP $ 700 - $ 800

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