Textron Reports Second Quarter 2022 Results

While we believe this measure provides a focus on cash generated from manufacturing operations, before pension contributions, and may be used as an additional relevant measure of liquidity, it does not necessarily provide the amount available for discretionary expenditures since we have certain non-discretionary obligations that are not deducted from the measure.

	Three Months Ended						Six Months Ended
	July 2, 2022			July 3, 2021			July 2, 2022			July 3, 2021
Net cash from operating activities - GAAP	$	364		$	572		$	589		$	679
Less: Capital expenditures		(66	)		(75	)		(114	)		(128	)
Plus: Total pension contributions		11			12			25			29
Proceeds from sale of property, plant and equipment		—			—			18			—
Manufacturing cash flow before pension contributions - Non-GAAP	$	309		$	509		$	518		$	580

	2022 Outlook
Net cash from operating activities - GAAP		$	1,157	—	$	1,257
Less: Capital expenditures				(425)
Add: Total pension contributions				50
Proceeds from sale of property, plant and equipment				18
Manufacturing cash flow before pension contributions - Non-GAAP		$	800	—	$	900

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