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Segment Information
3 Months Ended
Apr. 03, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
We operate in, and report financial information for, the following five business segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. Segment profit is an important measure used for evaluating performance and for decision-making purposes. Segment profit for the manufacturing segments excludes interest expense, 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 before income taxes, are included in the table below:
Three Months Ended
(In millions)April 3,
2021
April 4,
2020
Revenues
Textron Aviation$865 $872 
Bell846 823 
Textron Systems328 328 
Industrial825 740 
Finance15 14 
Total revenues$2,879 $2,777 
Segment Profit
Textron Aviation$47 $
Bell105 115 
Textron Systems51 26 
Industrial47 
Finance
Segment profit256 156 
Corporate expenses and other, net(40)(14)
Interest expense, net for Manufacturing group(35)(34)
Special charges(6)(39)
Gain on business disposition15 — 
Income before income taxes$190 $69