v3.25.2
Segment Financial Information
 6 Months Ended
Jun. 28, 2025
Segment Reporting [Abstract]  
Segment Financial Information Segment Financial Information
We operate in, and report financial information for, the following six operating segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation and Finance. Segment profit for the manufacturing segments excludes the non-service components of pension and postretirement income, net; LIFO inventory provision; intangible asset amortization; interest expense, net for Manufacturing group; 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 and expenses by segment are provided below:
(In millions)Textron AviationBellTextron SystemsIndustrialTextron eAviationFinanceTotal
Three months ended June 28, 2025
Revenues$1,517 $1,016 $321 $839 $8 $15 $3,716 
Costs and expenses:
Cost of sales1,171 841 244 698 7 — 2,961 
Research and development costs53 38 15 20 11 — 137 
Selling and administrative expense113 57 22 67 6 2 267 
Interest expense, net— — — — — 5 5 
Segment profit (loss)$180 $80 $40 $54 $(16)$8 $346 
Three months ended June 29, 2024
Revenues$1,475 $794 $323 $914 $9 $12 $3,527 
Costs and expenses:
Cost of sales1,119 649 246 775 9 — 2,798 
Research and development costs51 7 15 18 14 — 105 
Selling and administrative expense110 56 27 79 4 — 276 
Interest expense, net— — — — — 5 5 
Segment profit (loss)$195 $82 $35 $42 $(18)$7 $343 
Six months ended June 28, 2025
Revenues$2,729 $1,999 $617 $1,631 $15 $31 $7,022 
Costs and expenses:
Cost of sales2,100 1,644 463 1,376 13 — 5,596 
Research and development costs110 77 23 34 25 — 269 
Selling and administrative expense212 108 51 137 10 4 522 
Interest expense, net— — — — — 9 9 
Segment profit (loss)$307 $170 $80 $84 $(33)$18 $626 
Six months ended June 29, 2024
Revenues$2,663 $1,521 $629 $1,806 $16 $27 $6,662 
Costs and expenses:
Cost of sales2,010 1,214 468 1,533 15 — 5,240 
Research and development costs103 46 33 38 29 — 249 
Selling and administrative expense212 99 55 164 8 (8)530 
Interest expense, net— — — — — 10 10 
Segment profit (loss)$338 $162 $73 $71 $(36)$25 $633 
A reconciliation of segment profit to Income from continuing operations before income taxes is presented below:
Three Months EndedSix Months Ended
(In millions)June 28,
2025		June 29,
2024		June 28,
2025		June 29,
2024
Segment profit$346 $343 $626 $633 
Unallocated amounts:
Corporate expenses and other, net(36)(17)(79)(79)
Interest expense, net for Manufacturing group(26)(20)(51)(35)
LIFO inventory provision(38)(27)(67)(47)
Intangible asset amortization(8)(9)(16)(17)
Special charges(4)(13)(4)(27)
Non-service components of pension and postretirement income, net67 66 133 132 
Income from continuing operations before income taxes$301 $323 $542 $560 
Other information by segment is provided below:
Capital ExpendituresDepreciation and Amortization
Three Months EndedSix Months EndedThree Months EndedSix Months Ended
(In millions)June 28,
2025		June 29,
2024		June 28,
2025		June 29,
2024		June 28,
2025		June 29,
2024		June 28,
2025		June 29,
2024
Textron Aviation$37 $34 $62 $61 $40 $37 $77 $73 
Bell18 18 33 37 28 20 50 39 
Textron Systems8 7 13 15 12 12 24 23 
Industrial15 14 25 25 17 17 34 35 
Textron eAviation— 1 1 2 2 2 4 4 
Corporate— — — — 1 2 3 4 
Total$78 $74 $134 $140 $100 $90 $192 $178 
Our assets by segment are summarized below:
(In millions)June 28,
2025		December 28,
2024
Textron Aviation$4,823 $4,624 
Bell3,062 2,992 
Textron Systems2,044 2,036 
Industrial2,391 2,378 
Textron eAviation317 286 
Finance684 680 
Corporate3,755 3,842 
Total assets$17,076 $16,838