Textron Inc. Files 2024 10-K
Ticker: TXT · Form: 10-K · Filed: 2025-02-06T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, annual-report, finance
TL;DR
Textron's 2024 10-K is in. All the financial deets are here.
AI Summary
Textron Inc. filed its 2024 10-K on February 6, 2025, reporting on its fiscal year ending December 28, 2024. The company, a manufacturer in the aircraft and parts industry, is incorporated in Delaware and headquartered in Providence, RI. The filing includes detailed financial statements and disclosures relevant to investors and regulators.
Why It Matters
This annual report provides a comprehensive overview of Textron's financial performance and strategic positioning, crucial for understanding its current business health and future prospects.
Risk Assessment
Risk Level: medium — This is a standard annual financial filing with no immediate red flags or significant new risks highlighted.
Key Numbers
- 20241228 — Fiscal Year End (Reporting period for the 10-K)
- 20250206 — Filing Date (Date the 10-K was submitted to the SEC)
Key Players & Entities
- TEXTRON INC (company) — Filer
- 0000217346 (company) — Central Index Key
- 20241228 (date) — Fiscal Year End
- 20250206 (date) — Filing Date
- 4014212800 (dollar_amount) — Business Phone
FAQ
What are Textron Inc.'s primary business segments?
The filing indicates Textron Inc. operates in the AIRCRAFT & PARTS [3720] industry, but specific segment details would require a deeper dive into the document's content beyond the header.
What is Textron Inc.'s fiscal year end?
Textron Inc.'s fiscal year ends on December 28 (20241228).
When was this 10-K filing submitted?
This 10-K filing was submitted on February 6, 2025 (20250206).
Where is Textron Inc. incorporated?
Textron Inc. is incorporated in Delaware (DE).
What is the company's main business address?
The company's business address is 40 Westminster St, Providence, RI 02903.
Filing Stats: 4,308 words · 17 min read · ~14 pages · Grade level 13.4 · Accepted 2025-02-06 12:29:22
Key Financial Figures
- $0.125 — ch Registered Common Stock — par value $0.125 TXT New York Stock Exchange Securitie
- $13.7 billion — sidiaries. Total revenues for 2024 were $13.7 billion and are presented below by segment and
- $109 million — 023, our Finance group made payments of $109 million and $160 million, respectively, to fina
- $160 m — group made payments of $109 million and $160 million, respectively, to finance the Man
Filing Documents
- txt-20241228.htm (10-K) — 2564KB
- q4202410k-exx42.htm (EX-4.2) — 29KB
- q4202410k-exx101a.htm (EX-10.1A) — 146KB
- q4202410k-exx103c.htm (EX-10.3C) — 14KB
- q4202410k-exx1016.htm (EX-10.16) — 12KB
- q4202410k-exx19.htm (EX-19) — 25KB
- q4202410k-exx21.htm (EX-21) — 113KB
- q4202410k-exx23.htm (EX-23) — 4KB
- q4202410k-exx24.htm (EX-24) — 16KB
- q4202410k-exx311.htm (EX-31.1) — 10KB
- q4202410k-exx312.htm (EX-31.2) — 10KB
- q4202410k-exx321.htm (EX-32.1) — 5KB
- q4202410k-exx322.htm (EX-32.2) — 5KB
- image_0a.jpg (GRAPHIC) — 18KB
- txt-20241228_g1.jpg (GRAPHIC) — 33KB
- txt-20241228_g2.jpg (GRAPHIC) — 24KB
- txt-20241228_g3.jpg (GRAPHIC) — 62KB
- 0000217346-25-000017.txt ( ) — 16062KB
- txt-20241228.xsd (EX-101.SCH) — 93KB
- txt-20241228_cal.xml (EX-101.CAL) — 165KB
- txt-20241228_def.xml (EX-101.DEF) — 609KB
- txt-20241228_lab.xml (EX-101.LAB) — 1215KB
- txt-20241228_pre.xml (EX-101.PRE) — 931KB
- txt-20241228_htm.xml (XML) — 2737KB
Business
Business 3 Item 1A.
Risk Factors
Risk Factors 9 Item 1B. Unresolved Staff Comments 16 Item 1C. Cybersecurity 16 Item 2.
Properties
Properties 18 Item 3.
Legal Proceedings
Legal Proceedings 18 Item 4. Mine Safety Disclosures 18 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 19 Item 6. [Reserved] 19 Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 7A.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 30 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 31 Item 9. Changes In and Disagreements With Accountants on Accounting and Financial Disclosure 69 Item 9A.
Controls and Procedures
Controls and Procedures 69 Item 9B. Other Information 71 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 71 PART III Item 10. Directors, Executive Officers and Corporate Governance 71 Item 11.
Executive Compensation
Executive Compensation 71 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 71 Item 13. Certain Relationships and Related Transactions and Director Independence 71 Item 14. Principal Accountant Fees and Services 71 PART IV Item 15. Exhibits and Financial Statement Schedules 72 Item 16. Form 10-K Summary 75
Signatures
Signatures 76 2 Table of Contents PART I
Business
Item 1. Business Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative products and services around the world. References to "Textron Inc.," the "Company," "we," "our" and "us" in this Annual Report on Form 10-K, unless otherwise indicated, refer to Textron Inc. and its consolidated subsidiaries. We conduct our business through six operating segments: Textron Aviation, Bell, Textron Systems, Industrial and Textron eAviation, which represent our manufacturing businesses, and Finance, which represents our captive finance business. Our segments include numerous separately incorporated subsidiaries. Total revenues for 2024 were $13.7 billion and are presented below by segment and customer type. The following description of our business and operating segments should be read in conjunction with Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations. Textron Aviation Segment Textron Aviation is a leader in general aviation. Textron Aviation manufactures, sells and services Cessna and Beechcraft aircraft, and services the Hawker brand of business jets. The segment has two principal product lines: aircraft and aftermarket parts and services. Aircraft includes sales of business jets, turboprop aircraft, military trainer and defense aircraft and piston engine aircraft. Aftermarket parts and services includes commercial parts sales and maintenance, inspection and repair services, and advanced flight training devices. Textron Aviation's business jets include the Cessna Citation M2 Gen2, Citation CJ3+, Citation CJ4 Gen2, Citation XLS Gen2, Citation Latitude and the Citation Longitude. In October 2024, Textron Aviation introduced its next generation of light jets, the Citation M2 Gen3, CJ3 Gen3 and CJ4 Gen3, which will include the revolutionary Garmin Emergency Autoland technology. Currently under development, the CJ3 Gen2