Segment Information (Tables)

6 Months Ended

Jul. 03, 2021

Segment Reporting [Abstract]

Revenues by Segment and Reconciliation of Segment Profit Income (Loss) Before Income Taxes

Our revenues by segment, along with a reconciliation of segment profit to income (loss) from continuing operations before income taxes, are included in the table below:

	Three Months Ended				Six Months Ended
(In millions)	July 3, 2021		July 4, 2020		July 3, 2021		July 4, 2020
Revenues
Textron Aviation	$	1,161	$	747	$	2,026	$	1,619
Bell	891		822		1,737		1,645
Textron Systems	333		326		661		654
Industrial	794		562		1,619		1,302
Finance	12		15		27		29
Total revenues	$	3,191	$	2,472	$	6,070	$	5,249
Segment Profit
Textron Aviation	$	96	$	(66)	$	143	$	(63)
Bell	110		118		215		233
Textron Systems	48		37		99		63
Industrial	32		(11)		79		(2)
Finance	3		4		9		7
Segment profit	289		82		545		238
Corporate expenses and other, net	(37)		(30)		(77)		(44)
Interest expense, net for Manufacturing group	(32)		(37)		(67)		(71)
Special charges*	(4)		(78)		(10)		(117)
Gain on business disposition	2		—		17		—
Inventory charge*	—		(55)		—		(55)
Income (loss) from continuing operations before income taxes	$	218	$	(118)	$	408	$	(49)

* See Note 12 for additional information.