Textron Reports First Quarter 2018 Income from Continuing Operations of $0.72 per Share; Signs Agreement to Sell Tools & Test Business for $810 Million

(a) Special charges for the three months ended April 1, 2017 include $22 million of restructuring and transaction costs related to the Arctic Cat acquisition and $15 million related to a 2016 restructuring plan.

(b) Adjusted income from continuing operations and adjusted diluted earnings per share are non-GAAP financial measures as defined in "Non-GAAP Financial Measures" attached to this release.

Textron Inc.
Condensed Consolidated Balance Sheets
(In millions)
(Unaudited)
         
       

March 31, 2018

   

December 30, 2017

Assets
Cash and equivalents $ 688 $ 1,079
Accounts receivable, net 1,110 1,363
Inventories 4,090 4,150
Other current assets 933 435
Net property, plant and equipment 2,711 2,721
Goodwill 2,368 2,364
Other assets 1,953 2,059
Finance group assets   1,115       1,169
Total Assets $ 14,968     $ 15,340
 
 
Liabilities and Shareholders' Equity
Short-term debt and current portion of long-term debt $ 16 $ 14
Current liabilities 3,333 3,646
Other liabilities 1,908 2,006
Long-term debt 3,083 3,074
Finance group liabilities   936       953
Total Liabilities 9,276 9,693
 
Total Shareholders' Equity   5,692       5,647
Total Liabilities and Shareholders' Equity $ 14,968     $ 15,340
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »
Featured Video
Jobs
CAD Engineer for Nvidia at Santa Clara, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Sr. Silicon Design Engineer for AMD at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
GPU Design Verification Engineer for AMD at Santa Clara, California
Upcoming Events
Phil Kaufman Award Ceremony and Banquet to be held November 6 at Hayes Mansion at Hayes Mansion 200 Edenvale Ave San Jose CA - Nov 6, 2024
SEMICON Europa 2024 at Messe München München Germany - Nov 12 - 15, 2024
DVCon Europe 2023 at Holiday Inn Munich – City Centre Munich Germany - Nov 14 - 15, 2024
SEMI MEMS & Imaging Sensors Summit, at International Conference Center Munich Germany - Nov 14, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise