Segment Information

3 Months Ended

Apr. 01, 2017

Segment Information

Segment Information

Note 15.  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 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
(In millions)		April 1, 2017		April 2, 2016
Revenues
Textron Aviation	$	970	$	1,091
Bell		697		814
Textron Systems		416		324
Industrial		992		952
Finance		18		20
Total revenues	$	3,093	$	3,201
Segment Profit
Textron Aviation	$	36	$	73
Bell		83		82
Textron Systems		20		29
Industrial		76		91
Finance		4		5
Segment profit		219		280
Corporate expenses and other, net		(27)		(32)
Interest expense, net for Manufacturing group		(34)		(33)
Special charges		(37)		—
Income from continuing operations before income taxes	$	121	$	215