Segment Information

3 Months Ended

Mar. 31, 2012

Segment Information [Abstract]

Segment Information

Note 11: Segment Information

We operate in, and report financial information for, the following five business segments: Cessna, 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 excludes special charges and includes interest income and expense along with intercompany interest expense. Provisions for losses on finance receivables involving the sale or lease of our products are recorded by the selling manufacturing division when our Finance group has recourse to the Manufacturing group.

Our revenues by segment and a reconciliation of segment profit to income from continuing operations before income taxes are as follows:

	Three Months Ended
(In millions)	March 31, 2012			April 2, 2011
REVENUES
Manufacturing group
Cessna	$	669		$	556
Bell		994			749
Textron Systems		377			445
Industrial		755			703
		2,795			2,453
Finance group		61			26
Total revenues	$	2,856		$	2,479
SEGMENT OPERATING PROFIT
Manufacturing group
Cessna	$	(6	)	$	(38	)
Bell		145			91
Textron Systems		35			53
Industrial		73			61
		247			167
Finance group		12			(44	)
Segment profit		259			123
Corporate expenses and other, net		(47	)		(39	)
Interest expense, net for Manufacturing group		(35	)		(38	)
Income from continuing operations before income taxes	$	177		$	46