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Revenues
3 Months Ended
Mar. 29, 2025
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Disaggregation of Revenues
Our revenues disaggregated by major product type are presented below:
Three Months Ended
(In millions)March 29,
2025
March 30,
2024
Aircraft$729 $732 
Aftermarket parts and services483 456 
Textron Aviation$1,212 $1,188 
Military aircraft and support programs634 480 
Commercial helicopters, parts and services349 247 
Bell$983 $727 
Textron Systems$296 $306 
Fuel systems and functional components450 488 
Specialized vehicles342 404 
Industrial$792 $892 
Textron eAviation$$
Finance$16 $15 
Total revenues$3,306 $3,135 
Our revenues for our segments by customer type and geographic location are presented below:
(In millions)Textron
Aviation
BellTextron
Systems
IndustrialTextron eAviationFinanceTotal
Three months ended March 29, 2025
Customer type:
Commercial$1,143 $361 $70 $785 $$16 $2,382 
U.S. Government69 622 226 — — 924 
Total revenues$1,212 $983 $296 $792 $$16 $3,306 
Geographic location:
United States$912 $682 $269 $408 $$$2,278 
Europe86 56 12 164 — 321 
Other international214 245 15 220 12 707 
Total revenues$1,212 $983 $296 $792 $$16 $3,306 
Three months ended March 30, 2024
Customer type:
Commercial$1,155 $239 $72 $884 $$15 $2,372 
U.S. Government33 488 234 — — 763 
Total revenues$1,188 $727 $306 $892 $$15 $3,135 
Geographic location:
United States$950 $559 $274 $460 $$$2,251 
Europe62 23 13 198 303 
Other international176 145 19 234 581 
Total revenues$1,188 $727 $306 $892 $$15 $3,135 
Remaining Performance Obligations
Our remaining performance obligations, which is the equivalent of our backlog, represent the expected transaction price allocated to our contracts that we expect to recognize as revenues in future periods when we perform under the contracts.  These remaining obligations exclude unexercised contract options and potential orders under ordering-type contracts such as Indefinite Delivery, Indefinite Quantity contracts. At March 29, 2025, we had $17.2 billion in remaining performance obligations of which we expect to recognize revenues of approximately 78% through 2026, an additional 18% through 2028, and the balance thereafter.  
Contract Assets and Liabilities
Assets and liabilities related to our contracts with customers are reported on a contract-by-contract basis at the end of each reporting period. At March 29, 2025 and December 28, 2024, contract assets totaled $478 million and $345 million, respectively, and contract liabilities totaled $1.9 billion at both dates, reflecting timing differences between revenues recognized, billings and payments from customers. We recognized revenues of $340 million and $327 million in the first quarter of 2025 and 2024, respectively, that were included in the contract liability balance at the beginning of each year.