Textron TXT Bell — Expected unfavorable catch-up program adjustment
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Where this comes from
Reported directly by Textron in its filing.
Tagged under the XBRL concept txt:ExpectedUnfavorableCumulativeCatchUpAdjustment.
The source filing: Textron’s 10-Q, filed July 28, 2026.
- Filed
- Jul 28, 2026, 12:29 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q3 2026
- Accession
- 0000217346-26-000036
Subsequent to the end of our second quarter, in mid-July 2026, Bell exhausted substantially all currently available fiscal 2026 MV-75 program funds and, since then, has continued working on the MV-75 program at its own risk. Therefore, if the ATR is not approved and obligated pursuant to a contract modification, Bell will continue to incur costs in excess of fiscal 2026 program funding for which it may not be reimbursed by the U.S. Government. In such event, we would recognize an unfavorable cumulative catch-up program adjustment of up to approximately $120 million, assuming $350 million in costs incurred in excess of available funding which would also negatively impact our cash flows by approximately $350 million.
Item 1. Financial Statements
FAQ
- What is Textron's bell — expected unfavorable catch-up program adjustment?
- Textron (TXT) reported bell — expected unfavorable catch-up program adjustment of $120M in Q2 2026.
- What does bell — expected unfavorable catch-up program adjustment mean?
- Represents the anticipated negative impact on contract profitability resulting from revisions to estimated costs at completion for long-term government or commercial programs. This metric reflects the financial risk associated with cost overruns or technical challenges that require a downward adjustment to previously recognized revenue or margins. It serves as a key indicator of project execution efficiency and the accuracy of long-term contract accounting estimates.
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