Textron Inc. (TXT) Balance Sheet

NYSE: TXTAssets, liabilities, debt and equity over 10 years.

TXT balance sheet, 2025

December 31, 2025 · U.S. dollars

$18.13B assets = $10.25B liabilities + $7.88B equity

Both columns are drawn to the same scale: what TXT owns equals what it owes plus shareholders’ equity. Hover a block for its value.

TXT financial health

Current ratio1.84

Comfortable · current assets cover current liabilities 1.84×

Debt / equity0.54

Moderate leverage · $0.54 of debt for each $1 of equity

Equity / assets43.4%

Equity-funded · of assets funded by shareholders

Cash / debt47.3%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles14.7%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

TXT balance sheet trends, 2016–2025

Textron Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$15.36B2016	$18.13B2025	+1.9%/yr
Total liabilities	$9.78B2016	$10.25B2025	+0.5%/yr
Shareholders’ equity	$5.57B2016	$7.88B2025	+3.9%/yr
Cash & short-term investments	$1.14B2016	$2.02B2025	+6.6%/yr
Total debt	$3.68B2016	$4.28B2025	+1.7%/yr
Net cash (debt)	−$2.54B2016	−$2.26B2025	+$286.0M
Working capital	$3.16B2016	$3.65B2025	+$485.0M
Book value per share	$20.472016	$43.692025	+8.8%/yr
Current ratio	1.812016	1.842025	+0.03
Debt / equity	0.662016	0.542025	−0.12
Shares outstanding	272.4M2016	180.3M2025	−4.5%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

TXT assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

TXT liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

TXT debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

TXT balance sheet

Textron Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$2.02B	$1.44B	$2.18B	$1.96B	$1.92B	$2.25B	$1.36B	$1.11B	$1.08B	$1.14B
Cash & equivalents	$2.02B	$1.44B	$2.18B	$1.96B	$1.92B	$2.25B	$1.36B	$1.11B	$1.08B	$1.14B
Short-term investments	—	—	—	—	—	—	—	—	$0	$0
Receivables	$823.0M	$949.0M	$868.0M	$855.0M	$838.0M	$787.0M	$921.0M	$1.02B	$1.36B	$1.06B
Inventory	$4.28B	$4.07B	$3.91B	$3.55B	$3.47B	$3.51B	$4.07B	$3.82B	$4.15B	$4.46B
Other current assets	$872.0M	$687.0M	$857.0M	$1.03B	$1.02B	$950.0M	$894.0M	$785.0M	$435.0M	$388.0M
Total current assets	$8.00B	$7.15B	$7.82B	$7.40B	$7.25B	$7.50B	$7.24B	$6.73B	$7.03B	$7.05B
Property, plant & equipment (net)	$2.98B	$2.89B	$2.85B	$2.52B	$2.54B	$2.87B	$2.80B	$2.62B	$2.72B	$2.58B
Goodwill & intangible assets	$2.66B	$2.65B	$2.69B	$2.74B	$2.59B	$2.65B	$2.74B	$2.88B	$3.13B	$2.88B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$4.49B	$4.15B	$3.49B	$3.62B	$3.46B	$2.38B	$2.23B	$2.04B	$2.46B	$2.84B
Total assets	$18.13B	$16.84B	$16.86B	$16.29B	$15.83B	$15.40B	$15.02B	$14.26B	$15.34B	$15.36B
Liabilities
Accounts payable	$1.19B	$943.0M	$1.02B	$1.02B	$786.0M	$776.0M	$1.38B	$1.10B	$1.21B	$1.27B
Short-term debt	$63.0M	$412.0M	$412.0M	$7.0M	$6.0M	$585.0M	$776.0M	$258.0M	$14.0M	$363.0M
Deferred revenue	$1.90B	$1.73B	$1.59B	$1.42B	$1.10B	$758.0M	$715.0M	$876.0M	$1.01B	$991.0M
Total current liabilities	$4.35B	$4.39B	$4.38B	$3.67B	$3.14B	$3.30B	$4.01B	$3.51B	$3.66B	$3.89B
Long-term debt	$3.92B	$3.23B	$3.52B	$3.63B	$3.87B	$3.20B	$2.56B	$2.81B	$3.90B	$3.32B
Other long-term liabilities	$1.98B	$2.01B	$1.97B	$1.88B	$2.00B	$3.10B	$2.92B	$2.76B	$2.13B	$2.57B
Total liabilities	$10.25B	$9.63B	$9.87B	$9.18B	$9.01B	$9.55B	$9.50B	$9.07B	$9.69B	$9.78B
Shareholders' equity
Common stock & paid-in capital	$22.0M	$23.0M	$24.0M	$26.0M	$28.0M	$29.0M	$29.0M	$30.0M	$33.0M	$34.0M
Retained earnings (deficit)	$5.78B	$5.61B	$5.86B	$5.90B	$5.87B	$5.97B	$5.68B	$5.41B	$5.37B	$5.55B
Treasury stock	—	—	—	−$84.0M	−$157.0M	−$203.0M	−$20.0M	−$129.0M	−$48.0M	$0
Accumulated other comprehensive income	$129.0M	−$304.0M	−$644.0M	−$612.0M	−$789.0M	−$1.74B	−$1.85B	−$1.76B	−$1.38B	−$1.60B
Minority interest	—	—	—	—	—	—	—	—	$0	$0
Total shareholders' equity	$7.88B	$7.20B	$6.99B	$7.11B	$6.82B	$5.84B	$5.52B	$5.19B	$5.65B	$5.57B
Key figures
Total debt	$4.28B	$3.96B	$4.25B	$3.64B	$3.88B	$4.72B	$4.09B	$3.78B	$3.91B	$3.68B
Net cash (debt)	−$2.26B	−$2.52B	−$2.07B	−$1.68B	−$1.96B	−$2.47B	−$2.73B	−$2.68B	−$2.83B	−$2.54B
Working capital	$3.65B	$2.75B	$3.44B	$3.73B	$4.11B	$4.21B	$3.23B	$3.23B	$3.37B	$3.16B
Tangible book value	$5.22B	$4.55B	$4.29B	$4.37B	$4.23B	$3.20B	$2.78B	$2.32B	$2.52B	$2.69B
Book value per share	$43.69	$37.85	$34.63	$33.09	$30.09	$25.82	$24.20	$20.50	$21.01	$20.47
Shares outstanding	180.3M	190.3M	201.8M	215.0M	226.5M	226.4M	228.0M	253.2M	268.8M	272.4M
Current ratio	1.84	1.63	1.79	2.02	2.31	2.27	1.80	1.92	1.92	1.81
Quick ratio	0.65	0.54	0.70	0.77	0.88	0.92	0.57	0.61	0.67	0.57
Debt / equity	0.54	0.55	0.61	0.51	0.57	0.81	0.74	0.73	0.69	0.66
Equity / assets	43.4%	42.8%	41.5%	43.7%	43.1%	38.0%	36.7%	36.4%	36.8%	36.3%

Textron Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$1.61B	$1.61B	$2.02B	$1.52B	$1.43B	$1.25B	$1.44B	$1.35B	$1.41B	$1.47B	$2.18B	$1.67B
Cash & equivalents	$1.61B	$1.61B	$2.02B	$1.52B	$1.43B	$1.25B	$1.44B	$1.35B	$1.41B	$1.47B	$2.18B	$1.67B
Short-term investments	—	—	—	—	—	—	−$55.0M	—	—	—	—	—
Receivables	$1.44B	$1.47B	$1.40B	$1.65B	$877.0M	$940.0M	$949.0M	$888.0M	$847.0M	$894.0M	$868.0M	$892.0M
Inventory	$4.72B	$4.56B	$4.28B	$4.46B	$4.34B	$4.27B	$4.07B	$4.41B	$4.38B	$4.27B	$3.91B	$4.21B
Other current assets	$909.0M	$1.01B	$872.0M	$775.0M	$777.0M	$829.0M	$687.0M	$750.0M	$749.0M	$755.0M	$857.0M	$815.0M
Total current assets	$8.68B	$8.64B	$8.57B	$8.41B	$7.43B	$7.28B	$7.15B	$7.39B	$7.39B	$7.38B	$7.82B	$7.58B
Property, plant & equipment (net)	$2.57B	$2.57B	$2.59B	$2.48B	$2.83B	$2.86B	$2.89B	$2.85B	$2.87B	$2.83B	$2.85B	$2.45B
Goodwill & intangible assets	$2.31B	$2.32B	$2.66B	$2.32B	$2.32B	$2.30B	$2.65B	$2.31B	$2.29B	$2.29B	$2.69B	$2.28B
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$4.58B	$4.61B	$4.31B	$4.17B	$4.50B	$4.50B	$4.15B	$3.90B	$3.87B	$3.91B	$3.49B	$4.17B
Total assets	$18.13B	$18.14B	$18.13B	$17.38B	$17.08B	$16.94B	$16.84B	$16.45B	$16.43B	$16.41B	$16.86B	$16.49B
Liabilities
Accounts payable	$1.22B	$1.29B	$1.19B	$1.20B	$1.10B	$1.12B	$943.0M	$1.10B	$1.12B	$1.14B	$1.02B	$1.22B
Short-term debt	$355.0M	$355.0M	$5.0M	$356.0M	$410.0M	$410.0M	$412.0M	$415.0M	$414.0M	$414.0M	$412.0M	$357.0M
Deferred revenue	—	—	$1.90B	—	—	—	$1.73B	—	—	—	$1.59B	—
Total current liabilities	$4.66B	$4.68B	$4.35B	$4.58B	$4.36B	$4.39B	$4.39B	$4.36B	$4.46B	$4.39B	$4.38B	$4.39B
Long-term debt	$3.45B	$3.45B	$3.92B	$3.38B	$3.38B	$3.38B	$3.23B	$3.23B	$3.23B	$3.16B	$3.52B	$3.25B
Other long-term liabilities	$1.97B	$2.00B	$1.98B	$1.93B	$1.91B	$1.90B	$2.01B	$1.92B	$1.89B	$1.93B	$1.97B	$1.79B
Total liabilities	$10.08B	$10.14B	$10.25B	$9.89B	$9.64B	$9.67B	$9.63B	$9.50B	$9.57B	$9.48B	$9.87B	$9.43B
Shareholders' equity
Common stock & paid-in capital	$22.0M	$22.0M	$22.0M	$23.0M	$23.0M	$23.0M	$23.0M	$25.0M	$25.0M	$25.0M	$24.0M	$26.0M
Retained earnings (deficit)	$6.25B	$6.00B	$5.78B	$6.28B	$6.05B	$5.81B	$5.61B	$6.53B	$6.31B	$6.06B	$5.86B	$6.61B
Accumulated other comprehensive income	$95.0M	$111.0M	$129.0M	−$173.0M	−$169.0M	−$265.0M	−$304.0M	−$632.0M	−$693.0M	−$681.0M	−$644.0M	−$628.0M
Total shareholders' equity	$8.05B	$8.00B	$7.88B	$7.49B	$7.43B	$7.28B	$7.20B	$6.95B	$6.85B	$6.93B	$6.99B	$7.07B
Key figures
Total debt	$3.81B	$3.81B	$3.88B	$3.73B	$4.09B	$4.10B	$3.96B	$3.96B	$3.96B	$3.91B	$4.25B	$3.61B
Net cash (debt)	−$2.20B	−$2.19B	−$1.85B	−$2.21B	−$2.65B	−$2.86B	−$2.52B	−$2.61B	−$2.55B	−$2.44B	−$2.07B	−$1.94B
Working capital	$4.01B	$3.96B	$4.22B	$3.83B	$3.07B	$2.90B	$2.75B	$3.04B	$2.93B	$2.99B	$3.44B	$3.20B
Tangible book value	$5.74B	$5.68B	$5.22B	$5.17B	$5.11B	$4.98B	$4.55B	$4.64B	$4.56B	$4.64B	$4.29B	$4.79B
Book value per share	$46.84	$45.42	$43.69	$41.83	$41.72	$39.61	$38.82	$36.78	$35.71	$35.57	$35.36	$35.34
Shares outstanding	171.9M	176.2M	180.3M	179.2M	178.2M	183.7M	185.6M	189.0M	191.9M	194.9M	197.6M	200.0M
Current ratio	1.86	1.84	1.97	1.84	1.70	1.66	1.63	1.70	1.66	1.68	1.79	1.73
Quick ratio	0.65	0.66	0.79	0.69	0.53	0.50	0.54	0.51	0.51	0.54	0.70	0.58
Debt / equity	0.47	0.48	0.49	0.50	0.55	0.56	0.55	0.57	0.58	0.56	0.61	0.51
Equity / assets	44.4%	44.1%	43.4%	43.1%	43.5%	42.9%	42.8%	42.3%	41.7%	42.2%	41.5%	42.9%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 11, 2026); data from EODHD.

TXT financial position

At the end of fiscal 2025 (December 31, 2025), Textron had total assets of $18.1 billion (up 7.7% from a year earlier), total liabilities of $10.3 billion and shareholders' equity of $7.9 billion. It held $2.0 billion in cash and short-term investments against $4.3 billion of debt, net debt of $2.3 billion. Its current ratio was 1.84. In the latest quarter (ended June 30, 2026) total assets were $18.1 billion and equity $8.1 billion.

Related: TXT income statement, TXT cash flow statement, TXT key metrics. See the TXT stock overview for the latest quote and news.

TXT balance sheet FAQ

What are Textron's total assets?

Textron reported total assets of $18.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $16.8 billion a year earlier.

How much debt does Textron have?

Textron had $4.3 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.54.

How much cash does Textron have?

Textron held $2.0 billion in cash and short-term investments at the end of fiscal 2025; with $4.3 billion of debt that is net debt of $2.3 billion.

What is Textron's book value?

Textron's shareholders' equity (book value) was $7.9 billion at the end of fiscal 2025, or $43.69 per share.

What is Textron's current ratio?

Textron had current assets of $8.0 billion and current liabilities of $4.4 billion, a current ratio of 1.84 (it can cover its short-term obligations).

How much goodwill does Textron have?

Textron carried $2.7 billion of goodwill and intangible assets, 14.7% of total assets, at the end of fiscal 2025.