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Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Revenues by Segment and Reconciliation of Segment Profit Income (Loss) Before Income Taxes

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 30, 2023			October 1, 2022			September 30, 2023			October 1, 2022
Revenues
Textron Aviation			$	1,338		$	1,167		$	3,849		$	3,491
Bell			754			754			2,076			2,275
Textron Systems			309			292			921			858
Industrial			922			849			2,880			2,558
Textron eAviation			7			5			22			10
Finance			13			11			43			41
Total revenues			$	3,343		$	3,078		$	9,791		$	9,233
Segment Profit
Textron Aviation			$	160		$	131		$	456		$	390
Bell			77			74			202			219
Textron Systems			41			31			112			97
Industrial			51			36			171			112
Textron eAviation			(19)			(7)			(40)			(14)
Finance			22			7			42			26
Segment profit			332			272			943			830
Corporate expenses and other, net			(38)			(21)			(98)			(93)
Interest expense, net for Manufacturing group			(16)			(21)			(49)			(77)
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
Income from continuing operations before income taxes			$	301		$	264		$	857		$	759

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- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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X

- References

No definition available.

+ Details

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