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Revenues
 6 Months Ended
Jul. 03, 2021
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Disaggregation of Revenues
Our revenues disaggregated by major product type are presented below:
Three Months EndedSix Months Ended
(In millions)July 3,
2021		July 4,
2020		July 3,
2021		July 4,
2020
Aircraft$797 $478 $1,332 $993 
Aftermarket parts and services364 269 694 626 
Textron Aviation1,161 747 2,026 1,619 
Military aircraft and support programs572 602 1,149 1,222 
Commercial helicopters, parts and services319 220 588 423 
Bell891 822 1,737 1,645 
Air systems*117 149 240 285 
Land and sea systems*64 63 121 123 
Other*152 114 300 246 
Textron Systems333 326 661 654 
Fuel systems and functional components440 271 937 736 
Specialized vehicles354 291 682 566 
Industrial794 562 1,619 1,302 
Finance12 15 27 29 
Total revenues$3,191 $2,472 $6,070 $5,249 
* Due to a reorganization of certain products within Textron Systems, prior year amounts have been reclassified to conform to the current year presentation for Air Systems, formerly referred to as “Unmanned Systems”, and Land and Sea Systems, formerly referred to as “Marine and Land Systems”. Other includes the following operating units and businesses: Electronic Systems, Weapons Systems, Lycoming, Airborne Tactical Advantage Company and, prior to its disposition, TRU Simulation + Training Canada Inc.
Our revenues for our segments by customer type and geographic location are presented below:
(In millions)Textron
Aviation		BellTextron
Systems		IndustrialFinanceTotal
Three months ended July 3, 2021
Customer type:
Commercial$1,127 $350 $67 $787 $12 $2,343 
U.S. Government34 541 266 7 — 848 
Total revenues$1,161 $891 $333 $794 $12 $3,191 
Geographic location:
United States$885 $677 $297 $406 $6 $2,271 
Europe122 47 9 192 1 371 
Asia and Australia75 107 20 85 1 288 
Other international79 60 7 111 4 261 
Total revenues$1,161 $891 $333 $794 $12 $3,191 
Three months ended July 4, 2020
Customer type:
Commercial$716 $216 $57 $559 $15 $1,563 
U.S. Government31 606 269 3 — 909 
Total revenues$747 $822 $326 $562 $15 $2,472 
Geographic location:
United States$518 $681 $276 $287 $8 $1,770 
Europe70 21 11 127 — 229 
Asia and Australia50 66 15 76 — 207 
Other international109 54 24 72 7 266 
Total revenues$747 $822 $326 $562 $15 $2,472 
Six months ended July 3, 2021
Customer type:
Commercial$1,973 $616 $125 $1,607 $27 $4,348 
U.S. Government53 1,121 536 12 — 1,722 
Total revenues$2,026 $1,737 $661 $1,619 $27 $6,070 
Geographic location:
United States$1,494 $1,293 $586 $784 $14 $4,171 
Europe206 83 19 428 1 737 
Asia and Australia151 186 36 179 3 555 
Other international175 175 20 228 9 607 
Total revenues$2,026 $1,737 $661 $1,619 $27 $6,070 
Six months ended July 4, 2020
Customer type:
Commercial$1,564 $414 $128 $1,298 $29 $3,433 
U.S. Government55 1,231 526 4 — 1,816 
Total revenues$1,619 $1,645 $654 $1,302 $29 $5,249 
Geographic location:
United States$1,115 $1,371 $562 $616 $14 $3,678 
Europe154 45 23 355 1 578 
Asia and Australia173 116 35 129 1 454 
Other international177 113 34 202 13 539 
Total revenues$1,619 $1,645 $654 $1,302 $29 $5,249 
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 July 3, 2021, we had $9.8 billion in remaining performance obligations of which we expect to recognize revenues of approximately 73% through 2022, an additional 23% through 2024, 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 July 3, 2021 and January 2, 2021, contract assets totaled $572 million and $561 million, respectively, and contract liabilities totaled $922 million and $842 million, respectively, reflecting timing differences between revenues recognized, billings and payments from customers. We recognized revenues of $170 million and $448 million in the second quarter and first half of 2021, respectively, and $121 million and $352 million in the second quarter and first half of 2020, respectively, that were included in the contract liability balance at the beginning of each year.