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Segment Information
3 Months Ended
Apr. 04, 2020
Segment Information  
Segment Information

Note 11. 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, gains/losses on major business dispositions 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 before income taxes, are included in the table below:

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

Three Months Ended

April 4,

March 30,

(In millions)

2020

2019

Revenues

Textron Aviation

  $

872

  $

1,134

Bell

823

 

739

Textron Systems

328

 

307

Industrial

740

 

912

Finance

14

 

17

Total revenues

  $

2,777

  $

3,109

Segment Profit

Textron Aviation

  $

3

  $

106

Bell

115

 

104

Textron Systems

26

 

28

Industrial

9

 

50

Finance

3

 

6

Segment profit

156

 

294

Corporate expenses and other, net

(14)

 

(47)

Interest expense, net for Manufacturing group

 

(34)

 

(35)

Special charges

(39)

Income before income taxes

  $

69

  $

212