XML 31 R15.htm IDEA: XBRL DOCUMENT v3.24.2
Segment Information
 6 Months Ended
Jun. 29, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
We operate in, and report 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 from continuing operations before income taxes, are included in the table below:
Three Months EndedSix Months Ended
(In millions)June 29,
2024		July 1,
2023		June 29,
2024		July 1,
2023
Revenues
Textron Aviation$1,475 $1,362 $2,663 $2,511 
Bell794 701 1,521 1,322 
Textron Systems323 306 629 612 
Industrial914 1,026 1,806 1,958 
Textron eAviation9 11 16 15 
Finance12 18 27 30 
Total revenues$3,527 $3,424 $6,662 $6,448 
Segment Profit
Textron Aviation$195 $171 $338 $296 
Bell82 65 162 125 
Textron Systems35 37 73 71 
Industrial42 79 71 120 
Textron eAviation(18)(12)(36)(21)
Finance7 12 25 20 
Segment profit343 352 633 611 
Corporate expenses and other, net(17)(21)(79)(60)
Interest expense, net for Manufacturing group(20)(16)(35)(33)
LIFO inventory provision(27)(35)(47)(60)
Intangible asset amortization(9)(10)(17)(20)
Special charges(13)— (27)— 
Non-service components of pension and postretirement income, net66 59 132 118 
Income from continuing operations before income taxes$323 $329 $560 $556