Segment Financial Information (Tables)

Our revenues and expenses by segment are provided below:


(In millions)	Textron Aviation		Bell		Textron Systems		Industrial		Textron eAviation		Finance		Total
Three months ended September 27, 2025
Revenues	$	1,477	$	1,026	$	307	$	761	$	5	$	26	$	3,602
Costs and expenses:
Cost of sales	1,149		846		235		655		7		—		2,892
Research and development costs	52		33		10		15		8		—		118
Selling and administrative expense	97		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 sales	1,050		747		226		723		5		—		2,751
Research and development costs	54		32		10		16		14		—		126
Selling and administrative expense	107		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 sales	3,249		2,490		698		2,031		20		—		8,488
Research and development costs	162		110		33		49		33		—		387
Selling and administrative expense	309		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 sales	3,060		1,961		694		2,256		20		—		7,991
Research and development costs	157		78		43		54		43		—		375
Selling and administrative expense	319		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 Ended				Nine 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, net	67		66		200		198
Income from continuing operations before income taxes	$	316	$	252	$	858	$	812

Other information by segment is provided below:



	Capital Expenditures								Depreciation and Amortization
	Three Months Ended				Nine Months Ended				Three Months Ended				Nine 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
Bell	26		18		59		55		23		22		73		61
Textron Systems	7		7		20		22		12		12		36		35
Industrial	12		15		37		40		17		17		51		52
Textron eAviation	—		1		1		3		2		2		6		6
Corporate	1		—		1		—		2		1		5		5
Total	$	76	$	71	$	210	$	211	$	97	$	101	$	289	$	279

Our assets by segment are summarized below: