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Textron's other current assets for the quarter that ended in Dec. 2023 was $857 Mil.
Textron's quarterly other current assets declined from Jun. 2023 ($829 Mil) to Sep. 2023 ($815 Mil) but then increased from Sep. 2023 ($815 Mil) to Dec. 2023 ($857Mil).
Textron's annual other current assets increased from Dec. 2021 ($1,018 Mil) to Dec. 2022 ($1,033 Mil) declined from Dec. 2022 ($1,033 Mil) to Dec. 2023 ($857 Mil).
The historical data trend for Textron's Other Current Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Textron Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Other Current Assets | Get a 7-Day Free Trial | 894.00 | 950.00 | 1,018.00 | 1,033.00 | 857.00 |
Textron Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Other Current Assets | Get a 7-Day Free Trial | 1,033.00 | 949.00 | 829.00 | 815.00 | 857.00 |
Technically, the other current assets line may include any asset that will be used up within the next 12 months. However, other current assets never include assets that are listed elsewhere in the current assets section of the balance sheet. For this reason, other current assets are almost never:
The assets grouped under other current assets are most commonly:
Some companies can and do choose to report each of these items separately.
Other current assets may be made up largely of Prepaid Expenses - unless these are listed on a separate line of the balance sheet.
Prepaid expenses are exactly what they sound like. If a company pays a $30 million insurance premium on the last day of June that will provide coverage for the entire month of July, the company will record a $30 million prepaid expense to account for the insurance expense it will show in July that it already paid for in June.
Tax assets can be quite complex. It is not common for companies to have both tax assets and tax liabilities. It is important that investors take note of both items when considering future taxes.
Non-Trade receivables are rarely a large item. They include money owed to the company by non-customers. Non-trade receivables can be caused by related party transactions, the sale of a business unit, etc. The notes to the company's financial statements will often provide much more detail on this item if it is truly important.
There are a variety of other current assets like non-trade receivables which are simply too numerous to list. If a company is following correct reporting procedures, it should not lump items that are different from one another and yet individually important to the company together under the line Other Current Assets.
At most companies, other current assets are a small and unimportant part of the total balance sheet.
Thank you for viewing the detailed overview of Textron's Other Current Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
R Kerry Clark | director | C/O THE PROCTER & GAMBLE COMPANY, ONE PROCTER & GAMBLE PLAZA, CINCINNATI OH 45202 |
Michael X Garrett | director | 6521 CHIPSTEAD LANE, CHARLOTTE NC 28277 |
Frank T Connor | officer: Executive VP and CFO | 40 WESTMINSTER STREET, PROVIDENCE RI 02903 |
Scott C Donnelly | officer: Executive VP and COO | |
Thomas A Kennedy | director | 870 WINTER STREET, WALTHAM MA 02451 |
Richard F Ambrose | director | 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817 |
Mark S Bamford | officer: VP and Corporate Controller | 40 WESTMINSTER STREET, PROVIDENCE RI 02903 |
E Robert Lupone | officer: EVP, General Counsel and Secy | 40 WESTMINSTER STREET, PROVIDENCE RI 02903 |
Kathleen M Bader | director | 2030 DOW CENTER, MIDLAND MI 49640 |
Nowell Lionel L Iii | director | 401 NORTH MAIN STREET, WINSTON-SALEM NC 27101 |
Julie G Duffy | officer: Executive VP - Human Resources | 40 WESTMINSTER STREET, PROVIDENCE RI 02903 |
Deborah L James | director | 1710 SAIC DRIVE, MCLEAN VA 22102 |
Ralph D Heath | director | 6801 ROCKLEDGE DRIVE, BETHESDA MD 20817 |
Maria T Zuber | director | 40 WESTMINSTER STREET, PROVIDENCE RI 02903 |
Cheryl H Johnson | officer: Executive VP, Human Resources | 40 WESTMINSTER STREET, PROVIDENCE RI 02903 |
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