Segment Information

9 Months Ended

Oct. 01, 2016

Segment Information

Segment Information

Note 14.  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 special charges.  The measurement for the Finance segment includes 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				Nine Months Ended
(In millions)		October 1, 2016		October 3, 2015		October 1, 2016		October 3, 2015
Revenues
Textron Aviation	$	1,198	$	1,159	$	3,485	$	3,334
Bell		734		756		2,352		2,419
Textron Systems		413		420		1,224		1,057
Industrial		886		828		2,842		2,627
Finance		20		17		60		63
Total revenues	$	3,251	$	3,180	$	9,963	$	9,500
Segment Profit
Textron Aviation	$	100	$	107	$	254	$	262
Bell		97		99		260		276
Textron Systems		44		39		133		88
Industrial		66		61		256		229
Finance		3		6		15		22
Segment profit		310		312		918		877
Corporate expenses and other, net		(53)		(27)		(116)		(102)
Interest expense, net for Manufacturing group		(35)		(33)		(105)		(98)
Special charges		(115)		—		(115)		—
Income from continuing operations before income taxes	$	107	$	252	$	582	$	677