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45 Textron Inc. Annual Report • 2013
Consolidated Balance Sheets
(In millions, except share data)
December 28,
2013
December 29,
2012
Assets
Manufacturing group
Cash and equivalents $ 1,163 $ 1,378
Accounts receivable, net 979 829
Inventories 2,963 2,712
Other current assets 467 470
Total current assets 5,572 5,389
Property, plant and equipment, net 2,215 2,149
Goodwill 1,735 1,649
Other assets 1,697 1,524
Total Manufacturing group assets 11,219 10,711
Finance group
Cash and equivalents 48 35
Finance receivables, net 1,493 1,990
Other assets 184 297
Total Finance group assets 1,725 2,322
Total assets $ 12,944 $ 13,033
Liabilities and shareholders’ equity
Liabilities
Manufacturing group
Current portion of long-term debt $ 8 $ 535
Accounts payable 1,107 1,021
Accrued liabilities 1,888 1,956
Total current liabilities 3,003 3,512
Other liabilities 2,118 2,798
Long-term debt 1,923 1,766
Total Manufacturing group liabilities 7,044 8,076
Finance group
Other liabilities 260 280
Debt 1,256 1,686
Total Finance group liabilities 1,516 1,966
Total liabilities 8,560 10,042
Shareholders’ equity
Common stock (282.1 million and 282.6 million shares issued, respectively,
and 282.1 million and 271.3 million shares outstanding, respectively) 35 35
Capital surplus 1,331 1,177
Retained earnings 4,045 3,824
Accumulated other comprehensive loss (1,027) (1,770)
4,384 3,266
Less cost of treasury shares — 275
Total shareholders’ equity 4,384 2,991
Total liabilities and shareholders’ equity $ 12,944 $ 13,033
See Notes to the Consolidated Financial Statements.