德事隆 2025年季度报告

Smaller reporting company☐Emerging growth companyIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐NoþAs of July11, 2025, there were178,205,295shares of common stock outstanding. FINANCIAL INFORMATIONFinancial Statements Consolidated Statements of Comprehensive Income (Unaudited)Consolidated Balance Sheets (Unaudited) Consolidated Statements of Cash Flows (Unaudited) Note 1.Note2. Accounts Payable and Warranty Liability Note10.Revenues Note 11.Retirement PlansNote 12.Special ChargesNote 13.Income TaxesNote 14.Commitments and ContingenciesManagement’s Discussion and Analysis of Financial Condition and Results of OperationsQuantitative and Qualitative Disclosures about Market RiskControls and ProceduresPART II.OTHER INFORMATIONItem 1A.Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsOther InformationExhibitsSignatures Item 1. Financial StatementsTEXTRON INC.Consolidated Statements of Operations (Unaudited)Three Months Ended(In millions, except per share amounts)RevenuesManufacturing product revenues$Manufacturing service revenuesFinance revenuesTotal revenues Income from continuing operations before income taxes Net proceeds from corporate-owned life insurance policies Net proceeds from business dispositionProceeds from sale of property, plant and equipment Net cash used in business acquisitions(1)(13)—Finance receivables repaid——81Finance receivables originated——(111)Proceeds from the disposition of leveraged leases——59Other investing activities, net15—— Purchases of Textron common stock(429)(675)—Proceeds from options exercised1073—Dividends paid(7)(8)—Other financing activities, net(15)(25)—Net cash used in financing activities(299)(994)(11) Note 1.Basis of PresentationOur Consolidated Financial Statements include the accounts of Textron Inc. (Textron) and its majority-owned subsidiaries.We have statements included in this quarterly report should be read in conjunction with the consolidated financial statements included in ourAnnual Report on Form 10-K for the year ended December28, 2024.In the opinion of management, the interim financial statementsreflect all adjustments (consisting only of normal recurring adjustments) that are necessary for the fair presentation of our consolidatedfinancial position, results of operations and cash flows for the interim periods presented. The results of operations for the interimperiods are not necessarily indicative of the results to be expected for the full year. its majority-owned subsidiaries that operate in the Textron Aviation, Bell, Textron Systems, Industrial and Textron eAviation segments.The Finance group, which also is the Finance segment, consists of Textron Financial Corporation and its consolidated subsidiaries. Wedesigned this framework to enhance our borrowing power by separating the Finance group. Our Manufacturing group operationsinclude the development, production and delivery of tangible goods and services, while our Finance group provides financial services. measures to evaluate each group’s performance. To support those evaluations, we present balance sheet and cash flow information foreach borrowing group within the Consolidated Financial Statements. All significant intercompany transactions are eliminated from the In the second quarter of 2025 and 2024, our cumulative catch-up adjustments increased segment profit by $8million and $18million,respectively, and net income by $6million and $14million, respectively ($0.03and $0.07per diluted share, respectively). In the firsthalf of 2025 and 2024, our cumulative catch-up adjustments increased segment profit by $25million and $31million, respectively,and net income by $19million and $24million, respectively ($0.10and $0.12per diluted share, respectively). Allowance for credit lossesTotal accounts receivable, net Finance ReceivablesFinance receivables are presented in the following table: Finance receivablesAllowance for credit losses Total finance receivables, net We measure delinquency based on the contractual payment terms of our finance receivables.In determining the delinquency aging category of an account, any/all principal and interest received is applied to the most past-due principal and/or interest amounts due. If asignificant portion of the contractually due payment is delinquent, the entire finance receivable balance is reported in accordance withthe most past-due delinquency aging category. (Dollars in millions)June 28,2025December 28,Performing$569$ Current and less than 31 days past due Note 4.Accounts Payable and Warranty LiabilityAccounts Payable Supplier Financing ArrangementWe have a financing arrangement with one of our su