2019 Proxy Statement

TEXTRON 2019 PROXY STATEMENT 37 BeneÀt Type (6) The amounts in this column include the value of other bene¿ts and the incremental cost to Textron in 201 of providing various perquisites in 201 , as detailed below: Mr. Donnelly Mr. Connor Mr. Lupone Ms. Duffy Spillover Savings Plan Contribution (a) $ 7,70 $ 6,250 $69, 11 $11,010 Contributions to Textron Savings Plan 1 ,750 1 ,750 2 ,750 1 ,750 Contributions to Retirement Plans 5,500 5,500 0 5,500 Perquisites (b) 9,0 2 27,0 1 0 0 Total $115,986 $82,531 $94,161 $30,260 (a) These amounts represent the value of cash settled Textron stock units credited to the NEO’s Spillover Savings Plan (“SSP”) account during the year. For Mr. Lupone, who is not eligible for a de¿ned bene¿t pension plan, the Company credits an interest bearing Moody’s account within the SSP with an amount equal to of eligible compensation, reduced by the contribution that was made by the Company under the Textron Savings Plan. (b) This amount includes the following: (i) $ ,000 for parking for each of Mr. Donnelly and Mr. Connor, (ii) $6, 92 for an annual physical exam for Mr. Donnelly, (iii) $16,6 6 for Mr. Donnelly’s usage of corporate aircraft to attend meetings of an outside board of directors on which he serves at the request of the Company’s board, which is deemed to be personal travel under SEC rules, (iv) $1 ,070 for the incremental cost to the Company of corporate aircraft dropping off or picking up Mr. Connor at an alternative airport for his personal convenience and (v) $22,99 and $9,961 for Mr. Donnelly and Mr. Connor, respectively, representing the Company paid portion of the costs for hangar space utilized by the executives’ personal aircraft. In addition, family members and invited guests of Mr. Donnelly occasionally Ày as additional passengers on business Àights. In those cases, the aggregate incremental cost to the Company is a de minimis amount and, as a result, no amount is reÀected in the Summary Compensation Table. Textron values the personal use of corporate aircraft by using an incremental cost method that multiplies the hours Àown on a personal Àight by an hourly direct operating cost rate for the aircraft Àown. The rate per Àight hour is derived from the aircraft’s variable operating costs which include landing fees, fuel, hangar fees, maintenance, catering, security fees, crew expenses, de icing costs and other direct operating expenses. The incremental cost of locating aircraft to the origin of a trip or returning aircraft from the completion of a trip are also included in the amount reported.