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Segment Information (Tables)

9 Months Ended

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

X

- 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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- 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)
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-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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