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46 Textron Inc. Annual Report ● 2012
Consolidated Balance Sheets
(In millions, except share data)
December 29,
2012
December 31,
2011
Assets
Manufacturing group
Cash and equivalents $ 1,378 $ 871
Accounts receivable, net 829 856
Inventories 2,712 2,402
Other current assets 470 1,134
Total current assets 5,389 5,263
Property, plant and equipment, net 2,149 1,996
Goodwill 1,649 1,635
Other assets 1,524 1,508
Total Manufacturing group assets 10,711 10,402
Finance group
Cash and equivalents 35 14
Finance receivables held for investment, net 1,850 2,321
Finance receivables held for sale 140 418
Other assets 297 460
Total Finance group assets 2,322 3,213
Total assets $ 13,033 $ 13,615
Liabilities and shareholders’ equity
Liabilities
Manufacturing group
Current portion of long-term debt $ 535 $ 146
Accounts payable 1,021 833
Accrued liabilities 1,956 1,952
Total current liabilities 3,512 2,931
Other liabilities 2,798 2,826
Long-term debt 1,766 2,313
Total Manufacturing group liabilities 8,076 8,070
Finance group
Other liabilities 279 333
Due to Manufacturing group 1 493
Debt 1,686 1,974
Total Finance group liabilities 1,966 2,800
Total liabilities 10,042 10,870
Shareholders’ equity
Common stock (282.6 million and 279.1 million shares issued, respectively, and 271.3 million
and 278.9 million shares outstanding, respectively) 35 35
Capital surplus 1,177 1,081
Retained earnings 3,824 3,257
Accumulated other comprehensive loss (1,770) (1,625)
3,266 2,748
Less cost of treasury shares 275 3
Total shareholders’ equity 2,991 2,745
Total liabilities and shareholders’ equity $ 13,033 $ 13,615
See Notes to the Consolidated Financial Statements.