Segment Information

6 Months Ended

Jul. 04, 2015

Segment Information

Segment Information

Note 10.  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 and acquisition and restructuring costs related to the Beechcraft acquisition.  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:

	Three Months Ended						Six Months Ended
(In millions)	July 4, 2015			June 28, 2014			July 4, 2015			June 28, 2014
Revenues
Textron Aviation	$	1,124		$	1,183		$	2,175		$	1,968
Bell	850			1,119			1,663			1,992
Textron Systems	322			282			637			645
Industrial	927			894			1,799			1,691
Finance	24			27			46			56
Total revenues	$	3,247		$	3,505		$	6,320		$	6,352
Segment Profit
Textron Aviation	$	88		$	28		$	155		$	42
Bell	101			141			177			237
Textron Systems	21			34			49			73
Industrial	86			94			168			160
Finance	10			7			16			11
Segment profit	306			304			565			523
Corporate expenses and other, net	(33		)	(38		)	(75		)	(81		)
Interest expense, net for Manufacturing group	(32		)	(36		)	(65		)	(71		)
Acquisition and restructuring costs	—			(20		)	—			(36		)
Income from continuing operations before income taxes	$	241		$	210		$	425		$	335