TEXTRON INC
For the period ended Jan 3, 2026. Filed Feb 11, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2026 · Filed Feb 11, 2026
TXT$85.41+2.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Schedule II – Valuation and Qualifying Accounts
| (In millions) | 2025 | 2024 | 2023 |
|---|---|---|---|
| Allowance for credit losses on accounts receivable | |||
| Balance at beginning of year | $19 | $26 | $24 |
| Provision (reversal) for credit losses | (1) | (4) | 7 |
| Deductions from reserves* | (2) | (3) | (5) |
| Balance at end of year | $16 | $19 | $26 |
| Allowance for credit losses on finance receivables | |||
| Balance at beginning of year | $19 | $24 | $24 |
| Reversal for credit losses | (1) | (14) | (18) |
| Charge-offs | — | (1) | — |
| Recoveries | 1 | 10 | 18 |
| Balance at end of year | $19 | $19 | $24 |
| Inventory FIFO reserves | |||
| Balance at beginning of year | $432 | $390 | $350 |
| Charged to costs and expenses | 26 | 57 | 63 |
| Business disposition | (36) | — | — |
| Deductions from reserves* | (28) | (15) | (23) |
| Balance at end of year | $394 | $432 | $390 |
- Deductions primarily include amounts written off on uncollectible accounts (less recoveries), inventory disposals, changes to prior year estimates and currency translation adjustments.
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