v3.25.3
Segment Financial Information
 9 Months Ended
Sep. 27, 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 September 27, 2025
Revenues$1,477 $1,026 $307 $761 $5 $26 $3,602 
Costs and expenses:
Cost of sales1,149 846 235 655 7 — 2,892 
Research and development costs52 33 10 15 8 — 118 
Selling and administrative expense97 55 10 60 5 4 231 
Interest expense, net— — — — — 4 4 
Segment profit (loss)$179 $92 $52 $31 $(15)$18 $357 
Three months ended September 28, 2024
Revenues$1,339 $929 $301 $840 $6 $12 $3,427 
Costs and expenses:
Cost of sales1,050 747 226 723 5 — 2,751 
Research and development costs54 32 10 16 14 — 126 
Selling and administrative expense107 52 26 69 5 3 262 
Interest expense, net— — — — — 4 4 
Segment profit (loss)$128 $98 $39 $32 $(18)$5 $284 
Nine months ended September 27, 2025
Revenues$4,206 $3,025 $924 $2,392 $20 $57 $10,624 
Costs and expenses:
Cost of sales3,249 2,490 698 2,031 20 — 8,488 
Research and development costs162 110 33 49 33 — 387 
Selling and administrative expense309 163 61 197 15 8 753 
Interest expense, net— — — — — 13 13 
Segment profit (loss)$486 $262 $132 $115 $(48)$36 $983 
Nine months ended September 28, 2024
Revenues$4,002 $2,450 $930 $2,646 $22 $39 $10,089 
Costs and expenses:
Cost of sales3,060 1,961 694 2,256 20 — 7,991 
Research and development costs157 78 43 54 43 — 375 
Selling and administrative expense319 151 81 233 13 (5)792 
Interest expense, net— — — — — 14 14 
Segment profit (loss)$466 $260 $112 $103 $(54)$30 $917 
A reconciliation of segment profit to income from continuing operations before income taxes is presented below:
Three Months EndedNine Months Ended
(In millions)September 27,
2025		September 28,
2024		September 27,
2025		September 28,
2024
Segment profit$357 $284 $983 $917 
Unallocated amounts:
Corporate expenses and other, net(26)(20)(105)(99)
Interest expense, net for Manufacturing group(26)(22)(77)(57)
LIFO inventory provision(48)(49)(115)(96)
Intangible asset amortization(8)(9)(24)(26)
Special charges— 2 (4)(25)
Non-service components of pension and postretirement income, net67 66 200 198 
Income from continuing operations before income taxes$316 $252 $858 $812 
Other information by segment is provided below:
Capital ExpendituresDepreciation and Amortization
Three Months EndedNine Months EndedThree Months EndedNine Months Ended
(In millions)September 27,
2025		September 28,
2024		September 27,
2025		September 28,
2024		September 27,
2025		September 28,
2024		September 27,
2025		September 28,
2024
Textron Aviation$30 $30 $92 $91 $41 $47 $118 $120 
Bell26 18 59 55 23 22 73 61 
Textron Systems7 7 20 22 12 12 36 35 
Industrial12 15 37 40 17 17 51 52 
Textron eAviation— 1 1 3 2 2 6 6 
Corporate1 — 1 — 2 1 5 5 
Total$76 $71 $210 $211 $97 $101 $289 $279 
Our assets by segment are summarized below:
(In millions)September 27,
2025		December 28,
2024
Textron Aviation$4,973 $4,624 
Bell3,216 2,992 
Textron Systems2,088 2,036 
Industrial2,383 2,378 
Textron eAviation316 286 
Finance688 680 
Corporate3,717 3,842 
Total assets$17,381 $16,838