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Segment Information (Tables) | 9 Months Ended
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Sep. 28, 2024
Segment Reporting [Abstract] |
Reconciliation of Revenues by Segment | 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 28, 2024 | September 30, 2023 | September 28, 2024 | September 30, 2023
Revenues |  |  |  |
Textron Aviation | $ | 1,339 |  | $ | 1,338 |  | $ | 4,002 |  | $ | 3,849 |
Bell | 929 |  | 754 |  | 2,450 |  | 2,076 |
Textron Systems | 301 |  | 309 |  | 930 |  | 921 |
Industrial | 840 |  | 922 |  | 2,646 |  | 2,880 |
Textron eAviation | 6 |  | 7 |  | 22 |  | 22 |
Finance | 12 |  | 13 |  | 39 |  | 43 |
Total revenues | $ | 3,427 |  | $ | 3,343 |  | $ | 10,089 |  | $ | 9,791 |
Segment Profit |  |  |  |
Textron Aviation | $ | 128 |  | $ | 160 |  | $ | 466 |  | $ | 456 |
Bell | 98 |  | 77 |  | 260 |  | 202 |
Textron Systems | 39 |  | 41 |  | 112 |  | 112 |
Industrial | 32 |  | 51 |  | 103 |  | 171 |
Textron eAviation | (18) |  | (19) |  | (54) |  | (40) |
Finance | 5 |  | 22 |  | 30 |  | 42 |
Segment profit | 284 |  | 332 |  | 917 |  | 943 |
Corporate expenses and other, net | (20) |  | (38) |  | (99) |  | (98) |
Interest expense, net for Manufacturing group | (22) |  | (16) |  | (57) |  | (49) |
LIFO inventory provision | (49) |  | (26) |  | (96) |  | (86) |
Intangible asset amortization | (9) |  | (10) |  | (26) |  | (30) |
Special charges | 2 |  | — |  | (25) |  | — |
Non-service components of pension and postretirement income, net | 66 |  | 59 |  | 198 |  | 177 |
Income from continuing operations before income taxes | $ | 252 |  | $ | 301 |  | $ | 812 |  | $ | 857 |
Reconciliation of Segment Profit to Income 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 28, 2024 | September 30, 2023 | September 28, 2024 | September 30, 2023
Revenues |  |  |  |
Textron Aviation | $ | 1,339 |  | $ | 1,338 |  | $ | 4,002 |  | $ | 3,849 |
Bell | 929 |  | 754 |  | 2,450 |  | 2,076 |
Textron Systems | 301 |  | 309 |  | 930 |  | 921 |
Industrial | 840 |  | 922 |  | 2,646 |  | 2,880 |
Textron eAviation | 6 |  | 7 |  | 22 |  | 22 |
Finance | 12 |  | 13 |  | 39 |  | 43 |
Total revenues | $ | 3,427 |  | $ | 3,343 |  | $ | 10,089 |  | $ | 9,791 |
Segment Profit |  |  |  |
Textron Aviation | $ | 128 |  | $ | 160 |  | $ | 466 |  | $ | 456 |
Bell | 98 |  | 77 |  | 260 |  | 202 |
Textron Systems | 39 |  | 41 |  | 112 |  | 112 |
Industrial | 32 |  | 51 |  | 103 |  | 171 |
Textron eAviation | (18) |  | (19) |  | (54) |  | (40) |
Finance | 5 |  | 22 |  | 30 |  | 42 |
Segment profit | 284 |  | 332 |  | 917 |  | 943 |
Corporate expenses and other, net | (20) |  | (38) |  | (99) |  | (98) |
Interest expense, net for Manufacturing group | (22) |  | (16) |  | (57) |  | (49) |
LIFO inventory provision | (49) |  | (26) |  | (96) |  | (86) |
Intangible asset amortization | (9) |  | (10) |  | (26) |  | (30) |
Special charges | 2 |  | — |  | (25) |  | — |
Non-service components of pension and postretirement income, net | 66 |  | 59 |  | 198 |  | 177 |
Income from continuing operations before income taxes | $ | 252 |  | $ | 301 |  | $ | 812 |  | $ | 857 |

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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 + Details
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- Definition Tabular disclosure of all significant reconciling items in the reconciliation of total revenues from reportable segments to the entity's consolidated revenues. + 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 (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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