Segment Information

6 Months Ended

Jul. 01, 2017

Note 13. 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				Six Months Ended
(In millions)		July 1, 2017		July 2, 2016		July 1, 2017		July 2, 2016
Revenues

Textron Aviation	$	1,171	$	1,196	$	2,141	$	2,287

Bell		825		804		1,522		1,618

Textron Systems		477		487		893		811

Industrial		1,113		1,004		2,105		1,956
Finance		18		20		36		40

Total revenues	$	3,604	$	3,511	$	6,697	$	6,712

Segment Profit

Textron Aviation	$	54	$	81	$	90	$	154

Bell		112		81		195		163

Textron Systems		42		60		62		89

Industrial		82		99		158		190
Finance		5		7		9		12

Segment profit		295		328		514		608

Corporate expenses and other, net		(31)		(31)		(58)		(63)

Interest expense, net for Manufacturing group		(36)		(37)		(70)		(70)
Special charges		(13)		—		(50)		—

Income from continuing operations before income taxes	$	215	$	260	$	336	$	475