Segment Information

9 Months Ended

Oct. 01, 2011

Segment Information [Abstract]

Segment Information

Note 13: Segment Information

We operate in, and report financial information for, the following five business segments: Cessna, 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 and special charges. The measurement for the Finance segment excludes special charges and includes interest income and expense along with intercompany interest expense. Provisions for losses on finance receivables involving the sale or lease of our products are recorded by the selling manufacturing division when our Finance group has recourse to the Manufacturing group.

Our revenues by segment and a reconciliation of segment profit to income from continuing operations before income taxes are as follows:

	Three Months Ended						Nine Months Ended
	October 1,			October 2,			October 1,			October 2,
(In millions)	2011			2010			2011			2010
REVENUES
Manufacturing Group
Cessna	$	771		$	535		$	1,979		$	1,603
Bell		894			825			2,515			2,266
Textron Systems		462			460			1,359			1,452
Industrial		655			600			2,077			1,886
		2,782			2,420			7,930			7,207
Finance Group		32			59			91			191
Total revenues	$	2,814		$	2,479		$	8,021		$	7,398
SEGMENT OPERATING PROFIT
Manufacturing Group
Cessna	$	33		$	(31	)	$	—		$	(52	)
Bell		143			107			354			289
Textron Systems		47			50			149			175
Industrial		37			37			153			137
		260			163			656			549
Finance Group		(24	)		(51	)		(101	)		(180	)
Segment profit		236			112			555			369
Corporate expenses and other, net		(13	)		(35	)		(75	)		(89	)
Interest expense, net for Manufacturing group		(37	)		(32	)		(113	)		(103	)
Special charges		—			(114	)		—			(136	)
Income (loss) from continuing operations before income taxes	$	186		$	(69	)	$	367		$	41