Segment and Geographic Data

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Segment and Geographic Data

Segment and Geographic Data

We operate in, and report financial information for, the following six operating segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation and Finance. The accounting policies of the segments are the same as those described in Note 1.

Textron Aviation products include Citation jets, King Air and Caravan turboprop aircraft, military trainer and defense aircraft, piston engine aircraft, and aftermarket part sales and services sold to a diverse base of corporate and individual buyers, and U.S. and non-U.S. governments.

Bell products include military and commercial helicopters, tiltrotor aircraft and related spare parts and services.  Bell supplies military helicopters and, in association with The Boeing Company, military tiltrotor aircraft, and aftermarket services to the U.S. and non-U.S. governments. Bell also supplies commercial helicopters and aftermarket services to corporate, private, law enforcement, utility, public safety and emergency medical helicopter operators, and U.S. and foreign governments.

Textron Systems products and services include unmanned aircraft systems, electronic systems and solutions, advanced marine craft, piston aircraft engines, live military air-to-air and air-to-ship training, weapons and related components, and armored and specialty vehicles for U.S. and international military, government and commercial customers.

Industrial products and markets include the following:

•Fuel Systems and Functional Components products consist of blow-molded plastic fuel systems, including conventional plastic fuel tanks and pressurized fuel tanks for hybrid applications, clear-vision systems, plastic tanks for selective catalytic reduction systems and battery housing systems for use in electric vehicles that are marketed primarily to automobile OEMs; and

•Specialized Vehicles products include golf cars, off-road utility vehicles, recreational side-by-side and all-terrain vehicles, snowmobiles, light transportation vehicles, aviation ground support equipment, professional turf-maintenance equipment and turf-care vehicles that are marketed primarily to golf courses and resorts, government agencies and municipalities, consumers, outdoor enthusiasts, and commercial and industrial users.

The Textron eAviation segment manufactures a family of light aircraft and gliders with both electric and combustion engines, and also performs other research and development initiatives related to sustainable aviation solutions.

The Finance segment provides financing primarily to purchasers of new and pre-owned Textron Aviation aircraft and Bell helicopters.

Segment profit is an important measure used for evaluating performance and for decision-making purposes.  Segment profit for the manufacturing segments includes non-service components of net periodic benefit cost/(income) and excludes interest expense, net; certain corporate expenses; gains/losses on major business dispositions; special charges; and an inventory charge related to the 2020 COVID-19 restructuring plan, as discussed in Note 16. 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 from continuing operations before income taxes, are as follows:

	Revenues						Segment Profit (Loss)
(In millions)	2022		2021		2020		2022		2021		2020
Textron Aviation	$	5,073	$	4,566	$	3,974	$	584	$	378	$	16
Bell	3,091		3,364		3,309		317		408		462
Textron Systems	1,172		1,273		1,313		152		189		152
Industrial	3,465		3,130		3,000		165		140		111
Textron eAviation	16		—		—		(26)		—		—
Finance	52		49		55		31		19		10
Total	$	12,869	$	12,382	$	11,651	$	1,223	$	1,134	$	751
Corporate expenses and other, net							(113)		(129)		(122)
Interest expense, net for Manufacturing group							(94)		(124)		(145)
Special charges*							—		(25)		(147)
Inventory charge*							—		—		(55)
Gain on business disposition							—		17		—
Income from continuing operations before income taxes							$	1,016	$	873	$	282

* See Note 16 for additional information.

Other information by segment is provided below:

	Assets				Capital Expenditures						Depreciation and Amortization
(In millions)	December 31, 2022		January 1, 2022		2022		2021		2020		2022		2021		2020
Textron Aviation	$	4,496	$	4,390	$	138	$	115	$	94	$	152	$	139	$	138
Bell	2,857		3,382		80		92		117		90		87		91
Textron Systems	1,989		1,980		57		80		42		49		45		43
Industrial	2,555		2,529		78		82		62		93		99		102
Textron eAviation	278		—		1		—		—		2		—		—
Finance	664		867		—		—		—		1		10		5
Corporate	3,454		2,679		—		6		2		10		10		12
Total	$	16,293	$	15,827	$	354	$	375	$	317	$	397	$	390	$	391

Geographic Data

Presented below is selected financial information by geographic area:

	Revenues*						Property, Plant and Equipment, net**
(In millions)	2022		2021		2020		December 31, 2022		January 1, 2022
United States	$	8,702	$	8,572	$	7,943	$	2,137	$	2,121
Europe	1,468		1,369		1,336		188		201
Other international	2,699		2,441		2,372		198		216
Total	$	12,869	$	12,382	$	11,651	$	2,523	$	2,538

* 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.