In this paper, we give an explicit realization of the universal SL2-representation rings of free groups by using ‘the ring of component functions’ of SL(2, ℂ)-representations of free groups. We introduce a descending filtration of the ring, and determine the structure of its graded quotients. Then we study the natural action of the automorphism group of a free group on the graded quotients, and introduce a generalized Johnson homomorphism. In the latter part of this paper, we investigate some properties of these homomorphisms from a viewpoint of twisted cohomologies of the automorphism group of a free group.