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Segment and Geographic Data (Tables)
12 Months Ended
Jan. 01, 2022
Segment Reporting [Abstract]  
Revenues by Segment and Reconciliation of Segment Profit to Income From Continuing Operations Before Income Taxes
Our revenues by segment, along with a reconciliation of segment profit to income from continuing operations before income taxes, are as follows:
RevenuesSegment Profit
(In millions)202120202019202120202019
Textron Aviation$4,566 $3,974 $5,187 $378 $16 $449 
Bell3,364 3,309 3,254 408 462 435 
Textron Systems1,273 1,313 1,325 189 152 141 
Industrial3,130 3,000 3,798 140 111 217 
Finance49 55 66 19 10 28 
Total$12,382 $11,651 $13,630 $1,134 $751 $1,270 
Corporate expenses and other, net(129)(122)(110)
Interest expense, net for Manufacturing group(124)(145)(146)
Special charges*(25)(147)(72)
Inventory charge*— (55)— 
Gain on business disposition17 — — 
Income from continuing operations before income taxes$873 $282 $942 
* See Note 16 for additional information.
Other Information by Segment
Other information by segment is provided below:
AssetsCapital ExpendituresDepreciation and Amortization
(In millions)January 1,
2022
January 2,
2021
202120202019202120202019
Textron Aviation$4,390 $4,380 $115 $94 $122 $139 $138 $137 
Bell3,382 2,984 92 117 81 87 91 107 
Textron Systems1,980 2,054 80 42 38 45 43 48 
Industrial2,529 2,500 82 62 97 99 102 108 
Finance867 938 — — — 10 
Corporate2,679 2,587 10 12 10 
Total$15,827 $15,443 $375 $317 $339 $390 $391 $416 
Selected Financial Information of by Geographic Area
Presented below is selected financial information by geographic area:
Revenues*Property, Plant
and Equipment, net**
(In millions)202120202019January 1,
2022
January 2,
2021
United States$8,572 $7,943 $8,963 $2,121 $2,068 
Europe1,369 1,336 1,986 201 237 
Asia and Australia1,133 1,106 1,070 96 95 
Other international1,308 1,266 1,611 120 116 
Total$12,382 $11,651 $13,630 $2,538 $2,516 
* Revenues are attributed to countries based on the location of the customer.
** Property, plant and equipment, net is based on the location of the asset.