XML 36 R16.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Financial Information
 3 Months Ended
Mar. 29, 2025
Segment Reporting [Abstract]  
Segment Financial Information Segment Financial 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 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 and expenses by segment are provided below:
(In millions)Textron AviationBellTextron SystemsIndustrialTextron eAviationFinanceTotal
Three months ended March 29, 2025
Revenues$1,212 $983 $296 $792 $7 $16 $3,306 
Costs and expenses:
Cost of sales929 803 219 678 6 — 2,635 
Research and development costs57 39 8 14 14 — 132 
Selling and administrative expense99 51 29 70 4 2 255 
Interest expense, net— — — — — 4 4 
Segment profit (loss)$127 $90 $40 $30 $(17)$10 $280 
Three months ended March 30, 2024
Revenues$1,188 $727 $306 $892 $7 $15 $3,135 
Costs and expenses:
Cost of sales891 565 222 758 6 — 2,442 
Research and development costs52 39 18 20 15 — 144 
Selling and administrative expense102 43 28 85 4 (8)254 
Interest expense, net— — — — — 5 5 
Segment profit (loss)$143 $80 $38 $29 $(18)$18 $290 
A reconciliation of segment profit to income before income taxes, is presented below:
Three Months Ended
(In millions)March 29,
2025		March 30,
2024
Segment profit$280 $290 
Unallocated amounts:
Corporate expenses and other, net(43)(62)
Interest expense, net for Manufacturing group(25)(15)
LIFO inventory provision(29)(20)
Intangible asset amortization(8)(8)
Special charges— (14)
Non-service components of pension and postretirement income, net66 66 
Income before income taxes$241 $237 
Other information by segment is provided below:
Capital ExpendituresDepreciation and Amortization
Three Months EndedThree Months Ended
(In millions)March 29,
2025		March 30,
2024		March 29,
2025		March 30,
2024
Textron Aviation$25 $27 $37 $36 
Bell15 19 22 19 
Textron Systems5 8 12 11 
Industrial10 11 17 18 
Textron eAviation1 1 2 2 
Corporate— — 2 2 
Total$56 $66 $92 $88 
Our assets by segment are summarized below:
(In millions)March 29,
2025		December 28,
2024
Textron Aviation$4,795 $4,624 
Bell3,073 2,992 
Textron Systems2,045 2,036 
Industrial2,413 2,378 
Textron eAviation294 286 
Finance679 680 
Corporate3,643 3,842 
Total assets$16,942 $16,838