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Segment Information
 6 Months Ended
Jul. 02, 2016
Segment Information  
Segment Information

Note 12.  Segment Information

 

We operate in, and report financial information for, the following five business segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. Segment profit is an important measure used for evaluating performance and for decision-making purposes. Segment profit for the manufacturing segments excludes interest expense and certain corporate expenses.  The measurement for the Finance segment includes interest income and expense.

 

Our revenues by segment, along with a reconciliation of segment profit to income from continuing operations before income taxes, are as follows:

                                                                                                                                                                                          

 

Three Months Ended

Six Months Ended

(In millions)

July 2,
2016

July 4,
2015

July 2,
2016

July 4,
2015

Revenues

 

 

 

 

 

 

 

 

 

 Textron Aviation

$
1,196

$
1,124

$
2,287

$
2,175

 

 

 

 

 

 

 

 

 

 Bell
804
850
1,618
1,663

 

 

 

 

 

 Textron Systems
487
322
811
637

 

 

 

 

 

 Industrial
1,004
927
1,956
1,799

 Finance

20
24
40
46

 

 

 

 

 

Total revenues

$
3,511

$
3,247

$
6,712

$
6,320

 

 

 

 

 

 

 

 

 

Segment Profit

 

 

 

 

 

 

 

 

 

 Textron Aviation

$
81

$
88

$
154

$
155

 

 

 

 

 

 

 

 

 

 Bell
81
101
163
177

 

 

 

 

 

 Textron Systems
60
21
89
49

 

 

 

 

 

 Industrial
99
86
190
168

 Finance
7
10
12
16

 

 

 

 

 

Segment profit
328
306
608
565

 

 

 

 

 

Corporate expenses and other, net
(31)
(33)
(63)
(75)

Interest expense, net for Manufacturing group
(37)
(32)
(70)
(65)

 

 

 

 

 

Income from continuing operations before income taxes

$
260

$
241

$
475

$
425