TXT — what changed in the latest 10-Q
A section-by-section comparison of TXT's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-29 vs the prior 10-Q · 2026-07-28
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +37 | −41 | ~22 | 38 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 0 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Risk factors | Text added/removed | +2 | −1 | ~4 | 5 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-29
Non-service components of pension and postretirement income, net70 67 4%210 200 5%
An analysis of our consolidated operating results is set forth below. A more detailed analysis of our segments’ operating results is provided in the Segment Analysis section on pages 22 to 26.
Revenues increased $149 million, 4%, in the third quarter of 2026, compared with the third quarter of 2025. The revenue increase primarily included the following factors:
•Higher Textron Aviation revenues of $201 million, reflecting higher aircraft revenues of $152 million, primarily due to higher volume and mix, and higher aftermarket parts and services revenues of $49 million.
•Higher Textron Systems revenues of $50 million, largely due to higher volume.
Text removed vs the prior filing · source: 10-Q · 2026-07-28
Since early 2025, the United States has made various changes to its trade policy resulting in new or higher tariffs on goods imported from numerous countries. We are principally a North American manufacturer and 69% of our 2025 revenues were generated in the U.S. Many of our aircraft materials and c…
The U.S. tariffs were imposed under various legal authorities, including the International Emergency Economic Powers Act (IEEPA). On February 20, 2026, the U.S. Supreme Court ruled that tariffs imposed under the IEEPA were not authorized by the statute. During the second quarter of 2026, we submitte…
We will continue to evaluate the ongoing impact of tariffs and any further developments or changes in global tariff policies on our business and financial position.
Non-service components of pension and postretirement income, net70 67 4%140 133 5%
An analysis of our consolidated operating results is set forth below. A more detailed analysis of our segments’ operating results is provided in the Segment Analysis section on pages 23 to 26.
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-10-29
On September 2, 2026, a continuing resolution (CR) was enacted to provide funding for the federal government, including the DoW, through December 11, 2026, generally at FY 2026 funding levels. Annual appropriations for FY 2027 have not yet been enacted, and it remains uncertain when the government w…
We cannot predict the impact on existing, follow-on or future programs from changes in the threat environment, defense spending levels, government priorities, political leadership, procurement practices, inflation and other macroeconomic trends, military strategy, or broader societal changes. Signif…
Text removed vs the prior filing · source: 10-Q · 2026-07-28
MV-75 program. However, as described in Note 12. Commitments and Contingencies - MV-75 Program - Funding, subsequent to the end of our second quarter, in mid-July 2026, Bell exhausted substantially all currently available fiscal 2026 MV-75 program funds. While the U.S. Government is pursuing an ATR …
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice