Textron Inc. (TXT) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
40 WESTMINSTER ST PROVIDENCE, RI 02903 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 372 - Aircraft And Parts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Inventory, net of allowances, customer advances and progress billings | 4,071 | 3,914 | 3,550 | 3,468 | 3,513 | 4,069 | |||
| Inventory | 4,071 | 3,914 | 3,550 | 3,468 | 3,513 | 4,069 | |||
| Total current assets: | 4,071 | 3,914 | 3,550 | 3,468 | 3,513 | 4,069 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 95 | 35 | 39 | ||||||
| Operating lease, right-of-use asset | 360 | 371 | 372 | 374 | 349 | 277 | |||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 2,477 | 2,523 | 2,538 | 2,516 | 2,527 | ||||
| Intangible asset, including goodwill, after accumulated amortization | 362 | 399 | 461 | 438 | 489 | 589 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 362 | 399 | 461 | 438 | 489 | 589 | |||
| Total noncurrent assets: | 817 | 3,247 | 3,356 | 3,350 | 3,389 | 3,432 | |||
| Other undisclosed assets | 11,950 | 9,695 | 9,387 | 9,009 | 8,541 | 7,517 | |||
| TOTAL ASSETS: | 16,838 | 16,856 | 16,293 | 15,827 | 15,443 | 15,018 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 2 | 50 | |||||||
| Total current liabilities: | 2 | 50 | |||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 325 | 344 | 273 | ||||||
| Finance lease, liability | 38 | 40 | |||||||
| Liabilities, other than long-term debt | 316 | 326 | 326 | ||||||
| Operating lease, liability | 316 | 326 | 326 | 325 | 306 | 233 | |||
| Total noncurrent liabilities: | 316 | 326 | 326 | 650 | 650 | 273 | |||
| Other undisclosed liabilities | 9,318 | 9,543 | 8,854 | 8,362 | 8,946 | 9,177 | |||
| Total liabilities: | 9,634 | 9,869 | 9,180 | 9,012 | 9,598 | 9,500 | |||
| Equity | |||||||||
| Equity, attributable to parent | 7,204 | 6,987 | 7,113 | 6,815 | 5,845 | 5,518 | |||
| Common stock | 23 | 24 | 26 | 28 | 29 | 29 | |||
| Treasury stock, value | (82) | (165) | (84) | (157) | (203) | (20) | |||
| Additional paid in capital | 1,960 | 1,910 | 1,880 | 1,863 | 1,785 | 1,674 | |||
| Accumulated other comprehensive income (loss) | (304) | (644) | (612) | (789) | (1,739) | (1,847) | |||
| Retained earnings | 5,607 | 5,862 | 5,903 | 5,870 | 5,973 | 5,682 | |||
| Total equity: | 7,204 | 6,987 | 7,113 | 6,815 | 5,845 | 5,518 | |||
| TOTAL LIABILITIES AND EQUITY: | 16,838 | 16,856 | 16,293 | 15,827 | 15,443 | 15,018 | |||
Income Statement (P&L) ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 13,702 | 13,683 | 12,869 | 12,382 | 11,651 | 13,630 | ||
| Cost of revenue (Cost of Product and Service Sold) | (10,094) | (11,406) | ||||||
| Gross profit: | 13,702 | 13,683 | 12,869 | 12,382 | 1,557 | 2,224 | ||
| Operating expenses | (12,793) | (12,635) | (11,853) | (11,509) | (11,972) | (1,873) | ||
| Operating income (loss): | 909 | 1,048 | 1,016 | 873 | (10,415) | 351 | ||
| Nonoperating income (Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component) | 113 | |||||||
| Interest and debt expense | (142) | (166) | (171) | |||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 10,863 | 649 | ||||||
| Income from continuing operations before equity method investments, income taxes: | 909 | 1,048 | 1,016 | 731 | 282 | 942 | ||
| Other undisclosed income from continuing operations before income taxes | 34 | 39 | 142 | |||||
| Income from continuing operations before income taxes: | 943 | 1,087 | 1,016 | 873 | 282 | 942 | ||
| Income tax expense (benefit) | (118) | (165) | (154) | (126) | 27 | (127) | ||
| Income from continuing operations: | 825 | 922 | 862 | 747 | 309 | 815 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 747 | 309 | 815 | |
| Net income: | 825 | 922 | 862 | 747 | 309 | 815 | ||
| Other undisclosed net loss attributable to parent | (1) | (1) | (1) | (1) | ||||
| Net income available to common stockholders, diluted: | 824 | 921 | 861 | 746 | 309 | 815 | ||
Comprehensive Income ($ in millions)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 825 | 922 | 862 | 747 | 309 | 815 | ||
| Other comprehensive income (loss) | 433 | (77) | 287 | 997 | 37 | (84) | ||
| Comprehensive income: | 1,258 | 845 | 1,149 | 1,744 | 346 | 731 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (94) | 44 | (111) | (52) | 71 | (1) | ||
| Comprehensive income, net of tax, attributable to parent: | 1,164 | 889 | 1,038 | 1,692 | 417 | 730 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.