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v3.23.3

Segment Information - Revenue by Segment and Reconciliation of Segment Profit to Income Before Income Taxes (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2023 | Oct. 01, 2022 | Sep. 30, 2023 | Oct. 01, 2022
Revenues |  |  |  |
Total revenues | $ 3,343 | $ 3,078 | $ 9,791 | $ 9,233
Reconciliation of segment profit to income from continuing operations before income taxes |  |  |  |
Interest expense, net for Manufacturing group | (19) | (24) | (58) | (87)
Non-service components of pension and postretirement income, net | 59 | 60 | 177 | 180
Income from continuing operations before income taxes | 301 | 264 | 857 | 759
Operating Segment |  |  |  |
Reconciliation of segment profit to income from continuing operations before income taxes |  |  |  |
Segment profit | 332 | 272 | 943 | 830
Reconciling Items |  |  |  |
Reconciliation of segment profit to income from continuing operations before income taxes |  |  |  |
Corporate expenses and other, net | (38) | (21) | (98) | (93)
LIFO inventory provision | (26) | (13) | (86) | (42)
Intangible asset amortization | (10) | (13) | (30) | (39)
Non-service components of pension and postretirement income, net | 59 | 60 | 177 | 180
Textron Aviation |  |  |  |
Revenues |  |  |  |
Total revenues | 1,338 | 1,167 | 3,849 | 3,491
Bell |  |  |  |
Revenues |  |  |  |
Total revenues | 754 | 754 | 2,076 | 2,275
Textron Systems |  |  |  |
Revenues |  |  |  |
Total revenues | 309 | 292 | 921 | 858
Industrial |  |  |  |
Revenues |  |  |  |
Total revenues | 922 | 849 | 2,880 | 2,558
Textron eAviation |  |  |  |
Revenues |  |  |  |
Total revenues | 7 | 5 | 22 | 10
Finance |  |  |  |
Revenues |  |  |  |
Total revenues | 13 | 11 | 43 | 41
Manufacturing group | Reconciling Items |  |  |  |
Reconciliation of segment profit to income from continuing operations before income taxes |  |  |  |
Interest expense, net for Manufacturing group | (16) | (21) | (49) | (77)
Manufacturing group | Textron Aviation | Operating Segment |  |  |  |
Revenues |  |  |  |
Total revenues | 1,338 | 1,167 | 3,849 | 3,491
Reconciliation of segment profit to income from continuing operations before income taxes |  |  |  |
Segment profit | 160 | 131 | 456 | 390
Manufacturing group | Bell | Operating Segment |  |  |  |
Revenues |  |  |  |
Total revenues | 754 | 754 | 2,076 | 2,275
Reconciliation of segment profit to income from continuing operations before income taxes |  |  |  |
Segment profit | 77 | 74 | 202 | 219
Manufacturing group | Textron Systems | Operating Segment |  |  |  |
Revenues |  |  |  |
Total revenues | 309 | 292 | 921 | 858
Reconciliation of segment profit to income from continuing operations before income taxes |  |  |  |
Segment profit | 41 | 31 | 112 | 97
Manufacturing group | Industrial | Operating Segment |  |  |  |
Revenues |  |  |  |
Total revenues | 922 | 849 | 2,880 | 2,558
Reconciliation of segment profit to income from continuing operations before income taxes |  |  |  |
Segment profit | 51 | 36 | 171 | 112
Manufacturing group | Textron eAviation | Operating Segment |  |  |  |
Revenues |  |  |  |
Total revenues | 7 | 5 | 22 | 10
Reconciliation of segment profit to income from continuing operations before income taxes |  |  |  |
Segment profit | (19) | (7) | (40) | (14)
Finance group |  |  |  |
Revenues |  |  |  |
Total revenues | 13 | 11 | 43 | 41
Finance group | Finance | Operating Segment |  |  |  |
Revenues |  |  |  |
Total revenues | 13 | 11 | 43 | 41
Reconciliation of segment profit to income from continuing operations before income taxes |  |  |  |
Segment profit | $ 22 | $ 7 | $ 42 | $ 26

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