Segment Information

9 Months Ended

Sep. 30, 2017

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 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				Nine Months Ended
(In millions)		September 30, 2017		October 1, 2016		September 30, 2017		October 1, 2016
Revenues
Textron Aviation	$	1,154	$	1,198	$	3,295	$	3,485
Bell		812		734		2,334		2,352
Textron Systems		458		413		1,351		1,224
Industrial		1,042		886		3,147		2,842
Finance		18		20		54		60
Total revenues	$	3,484	$	3,251	$	10,181	$	9,963
Segment Profit
Textron Aviation	$	93	$	100	$	183	$	254
Bell		106		97		301		260
Textron Systems		40		44		102		133
Industrial		49		66		207		256
Finance		7		3		16		15
Segment profit		295		310		809		918
Corporate expenses and other, net		(30)		(53)		(88)		(116)
Interest expense, net for Manufacturing group		(37)		(35)		(107)		(105)
Special charges		(25)		(115)		(75)		(115)
Income from continuing operations before income taxes	$	203	$	107	$	539	$	582