Textron — Jul 24, 2025 release

These charges were partially offset by a pre-tax gain of $4 million recognized in the second quarter of 2025 related to the sale of the Powersports business. In the second quarter and first half of 2024, we recorded special charges of $13 million and $27 million, respectively, in connection with the restructuring plan announced at the end of 2023. These charges were largely related to headcount reductions in the Industrial, Textron Systems and Bell segments. TEXTRON INC. Condensed Consolidated Balance Sheets (In millions) (Unaudited) June 28, 2025 December 28, 2024 Assets Cash and equivalents $ 1,352  $ 1,386  Accounts receivable, net 877  949  Inventories 4,338  4,071  Other current assets 777  687  Net property, plant and equipment 2,490  2,529  Goodwill 2,319  2,288  Other assets 4,239  4,248  Finance group assets 684  680  Total Assets $ 17,076   $ 16,838   Liabilities and Shareholders' Equity Current portion of long-term debt $ 356  $ 357  Accounts payable 1,101  943  Other current liabilities 2,903  3,094  Other liabilities 1,848  1,945  Long-term debt 3,038  2,890  Finance group liabilities 397  405  Total Liabilities 9,643   9,634   Total Shareholders' Equity 7,433  7,204  Total Liabilities and Shareholders' Equity $ 17,076   $ 16,838   TEXTRON INC. MANUFACTURING GROUP Condensed Schedule of Cash Flows (In millions) (Unaudited) Three Months Ended Six Months Ended June 28, 2025 June 29, 2024 June 28, 2025 Ju