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Segment Information
3 Months Ended
Mar. 30, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
We operate in, and reported financial information for, the following six operating segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation and Finance. Segment profit is an important measure used for evaluating performance and for decision-making purposes. Segment profit for the manufacturing segments excludes the non-service components of pension and postretirement income, net; LIFO inventory provision; intangible asset amortization; interest expense, net for Manufacturing group; certain corporate expenses; gains/losses on major business dispositions; 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 before income taxes, are included in the table below:
Three Months Ended
(In millions)March 30,
2024
April 1,
2023
Revenues
Textron Aviation$1,188 $1,149 
Bell727 621 
Textron Systems306 306 
Industrial892 932 
Textron eAviation
Finance15 12 
Total revenues$3,135 $3,024 
Segment Profit
Textron Aviation$143 $125 
Bell80 60 
Textron Systems38 34 
Industrial29 41 
Textron eAviation(18)(9)
Finance18 
Segment profit290 259 
Corporate expenses and other, net(62)(39)
Interest expense, net for Manufacturing group(15)(17)
LIFO inventory provision(20)(25)
Intangible asset amortization(8)(10)
Special charges(14)— 
Non-service components of pension and postretirement income, net66 59 
Income before income taxes$237 $227