TEXTRON INC | 2013 | FY | 3


Note 14. Supplemental Cash Flow Information

 

We have made the following cash payments:

 

 

 

 

 

 

 

 

(In millions)

 

2013

 

2012

 

2011

 

Interest paid:

 

 

 

 

 

 

 

Manufacturing group

 

$

124

 

$

135

 

$

135

 

Finance group

 

46

 

64

 

89

 

Net taxes paid /(received):

 

 

 

 

 

 

 

Manufacturing group

 

223

 

(7

)

30

 

Finance group

 

(49

)

43

 

(65

)

 

Cash paid for interest by the Finance group included amounts paid to the Manufacturing group of $11 million and $26 million in 2012 and 2011, respectively.  Cash paid for interest by the Finance group to the Manufacturing group was not significant in 2013.

 

In 2012, net taxes paid by the Finance group included a payment of $111 million primarily from a settlement related to the IRS’s challenge of tax deductions claimed in prior years for certain leveraged lease transactions.

 


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