FORM 10-K

53 Note 7. Debt and Credit Facilities Our debt is summarized in the table below: (In millions) December 30, 2017 December 31, 2016 Manufacturing group 5.60% due 2017 $ — $ 350 Variable-rate note due 2018 (2.09%) — 150 Variable-rate notes due 2019 (1.95%) — 200 7.25% due 2019 250 250 6.625% due 2020 201 184 Variable-rate notes due 2020 (1.96%) 350 — 3.65% due 2021 250 250 5.95% due 2021 250 250 4.30% due 2024 350 350 3.875% due 2025 350 350 4.00% due 2026 350 350 3.65% due 2027 350 — 3.375% due 2028 300 — Other (weighted-average rate of 3.04% and 2.86%, respectively) 87 93 Total Manufacturing group debt $ 3,088 $ 2,777 Less: Short-term debt and current portion of long-term debt (14) (363) Total Long-term debt $ 3,074 $ 2,414 Finance group Fixed-rate notes due 2017 (weighted-average rate of 4.59%) (a) $ — $ 10 Variable-rate note due 2019 (2.38% and 1.89%, respectively) 200 200 2.26% note due 2019 150 150 Fixed-rate notes due 2017-2028 (weighted-average rate of 3.15% and 2.87%, respectively) (a) (b) 131 202 Variable-rate notes due 2017-2027 (weighted-average rate of 2.99% and 1.97%, respectively) (a) (b) 44 42 Fixed-to-Floating Rate Junior Subordinated Notes (3.15% and 6.00%, respectively) 299 299 Total Finance group debt $ 824 $ 903 (a) Notes amortize on a quarterly or semi-annual basis. (b) Notes are secured by finance receivables as described in Note 3. The following table shows required payments during the next five years on debt outstanding at December 30, 2017: (In millions) 2018 2019 2020 2021 2022 Manufacturing group $ 14 $ 257 $ 563 $ 507 $ 7 Finance group 22 373 28 25 25 Total $ 36 $ 630 $ 591 $ 532 $ 32 Textron has a senior unsecured revolving credit facility that expires in September 2021 for an aggregate principal amount of $1.0 billion, of which up to $100 million is available for the issuance of letters of credit. At December 30, 2017, there were no amounts borrowed against the facility and there were $11 million of letters of credit issued against it. Fixed-to-Floating Rate Junior Subordinated Notes The Finance group’s $299 million of Fixed-to-Floating Rate Junior Subordinated Notes are unsecured and rank junior to all of its existing and future senior debt. The notes mature on February 15, 2067; however, we have the right to redeem the notes at par at any time and we are obligated to redeem the notes beginning on February 15, 2042. Interest on the notes was fixed at 6% through February 15, 2017 and is now variable at the three-month London Interbank Offered Rate + 1.735%. Support Agreement Under a Support Agreement, as amended in December 2015, Textron Inc. is required to ensure that TFC maintains fixed charge coverage of no less than 125% and consolidated shareholder’s equity of no less than $125 million. There were no cash contributions required to be paid to TFC in 2017, 2016 and 2015 to maintain compliance with the support agreement.