{"schema_version":"secwatch.filing_event.v1","accession":"0000217346-23-000041","form_type":"8-K","ticker":"TXT","cik":"0000217346","company_name":"TEXTRON INC","filed_at":"2023-11-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.576454+00:00","generated_at":"2026-06-07T21:14:42.928771+00:00","sec_items":["2.05","2.06","7.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Textron approves restructuring plan cutting 725 jobs; expects $115M-$135M Q4 charges","bullets":["Reduction of ~725 positions (2% of global workforce) at Industrial (Textron Specialized Vehicles, Kautex), Bell, and Textron Systems segments.","Q4 2023 pre-tax charges of $115M-$135M: severance $35M-$45M, asset impairment $80M-$90M.","Annualized gross cost savings ~$75M; cash outflows primarily in 2024, estimated $35M-$45M.","Driven by lower demand for powersports products and fuel systems from European auto manufacturers.","Plan substantially complete by H1 2024; no impact on 2023 financial outlook."],"urls":{"canonical":"https://secwatch.observer/filing/0000217346-23-000041","json":"https://secwatch.observer/filing/0000217346-23-000041.json","markdown":"https://secwatch.observer/filing/0000217346-23-000041.md","text":"https://secwatch.observer/filing/0000217346-23-000041.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/217346/000021734623000041/0000217346-23-000041-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/217346/000021734623000041/txt-20231128.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T21:14:42.928771+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d5fa1ac822f0291f9762bc965fab5591d65f8ebf","claim":"TEXTRON INC announced a restructuring with charges of $115 million to $135 million affecting Industrial, Bell and Textron Systems segments (approximately 725 positions).","evidence_excerpt":"of lower demand, which we anticipate will continue. In the fourth quarter of 2023, we expect to incur pre-tax special charges related to this restructuring plan in the range of $115 million to $135 million. We estimate severance and related costs to be in the range of $35 million to $45 million, and asset impairment charges to be in the range of $80 million to $90","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/217346/000021734623000041/0000217346-23-000041-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"$115 million to $135 million"},{"label":"Affected area","value":"Industrial, Bell and Textron Systems segments"},{"label":"Headcount","value":"approximately 725 positions"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}