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Segment Information

9 Months Ended

Sep. 29, 2018

Segment Information

Segment Information

Note 14.  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, certain corporate expenses, gain on business disposition and special charges.  The measurement for the Finance segment includes interest income and expense along with intercompany interest income and expense.

Our revenues by segment, along with a reconciliation of segment profit to income from continuing operations before income taxes, are included in the table below:

	Three Months Ended				Nine Months Ended
(In millions)		September 29, 2018		September 30, 2017		September 29, 2018		September 30, 2017
Revenues
Textron Aviation	$	1,133	$	1,154	$	3,419	$	3,295
Bell		770		812		2,353		2,334
Textron Systems		352		458		1,119		1,351
Industrial		930		1,042		3,283		3,147
Finance		15		18		48		54
Total revenues	$	3,200	$	3,484	$	10,222	$	10,181
Segment Profit
Textron Aviation	$	99	$	93	$	275	$	183
Bell		113		106		317		301
Textron Systems		29		40		119		102
Industrial		1		49		145		207
Finance		3		7		14		16
Segment profit		245		295		870		809
Corporate expenses and other, net		(29)		(30)		(107)		(88)
Interest expense, net for Manufacturing group		(32)		(37)		(101)		(107)
Gain on business disposition		444		—		444		—
Special charges		—		(25)		—		(75)
Income from continuing operations before income taxes	$	628	$	203	$	1,106	$	539

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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