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Segment Information
3 Months Ended
Apr. 02, 2022
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 2,
2022
April 3,
2021
Revenues
Textron Aviation$1,040 $865 
Bell834 846 
Textron Systems273 328 
Industrial838 825 
Finance16 15 
Total revenues$3,001 $2,879 
Segment Profit
Textron Aviation$121 $47 
Bell98 105 
Textron Systems33 51 
Industrial43 47 
Finance
Segment profit304 256 
Corporate expenses and other, net(44)(40)
Interest expense, net for Manufacturing group(28)(35)
Special charges— (6)
Gain on business disposition— 15 
Income before income taxes$232 $190