Textron to take $250-$300M deferred asset hit from tax bill

TEXTRON, PARENT OF BELL HELICOPTER, said it will incur a loss of between $250 million and $300 million loss from a re-valuation of deferred tax assets due to the new GOP tax overhaul. / COURTESY BELL HELICOPTER.
TEXTRON, PARENT OF BELL HELICOPTER, said it will incur a loss of between $250 million and $300 million loss from a re-valuation of deferred tax assets due to the new GOP tax overhaul. / COURTESY BELL HELICOPTER.
PROVIDENCE - Textron Inc. said in a U.S. Securities and Exchange Commission filing Friday that it expects an extra tax expense in the range of $250 million to $300 million related to revaluation of deferred tax assets and the repatriation tax on undistributed earnings of certain non-U.S. subsidiaries due to the new tax bill passed…

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