| Revenues |
Revenues Disaggregation of Revenues Our revenues disaggregated by major product type are presented below: | | | | | | | | | | | | | (In millions) | 2025 | 2024 | 2023 | | Aircraft | $ | 3,922 | | $ | 3,374 | | $ | 3,577 | | | Aftermarket parts and services | 2,033 | | 1,910 | | 1,796 | | | Textron Aviation | $ | 5,955 | | $ | 5,284 | | $ | 5,373 | | | Military aircraft and support programs | 2,618 | | 2,048 | | 1,701 | | | Commercial helicopters, parts and services | 1,664 | | 1,531 | | 1,446 | | | Bell | $ | 4,282 | | $ | 3,579 | | $ | 3,147 | | | Textron Systems | $ | 1,247 | | $ | 1,241 | | $ | 1,235 | | | Fuel systems and functional components | 1,883 | | 1,891 | | 1,954 | | | Specialized vehicles | 1,330 | | 1,624 | | 1,887 | | | Industrial | $ | 3,213 | | $ | 3,515 | | $ | 3,841 | | | Textron eAviation | $ | 27 | | $ | 33 | | $ | 32 | | | Finance | $ | 75 | | $ | 50 | | $ | 55 | | | Total revenues | $ | 14,799 | | $ | 13,702 | | $ | 13,683 | |
Our revenues for our segments by customer type and geographic location are presented below: | | | | | | | | | | | | | | | | | | | | | | | | | (In millions) | Textron
Aviation | Bell | Textron
Systems | Industrial | Textron eAviation | Finance | Total | | 2025 | | | | | | | | | Customer type: | | | | | | | | | Commercial | $ | 5,579 | | $ | 1,634 | | $ | 306 | | $ | 3,185 | | $ | 27 | | $ | 75 | | $ | 10,806 | | | U.S. Government | 376 | | 2,648 | | 941 | | 28 | | — | | — | | 3,993 | | | Total revenues | $ | 5,955 | | $ | 4,282 | | $ | 1,247 | | $ | 3,213 | | $ | 27 | | $ | 75 | | $ | 14,799 | | | Geographic location: | | | | | | | | | United States | $ | 4,281 | | $ | 3,156 | | $ | 1,129 | | $ | 1,668 | | $ | 14 | | $ | 35 | | $ | 10,283 | | | Europe | 467 | | 122 | | 43 | | 649 | | 7 | | 1 | | 1,289 | | | South and Latin America | 628 | | 281 | | 7 | | 336 | | 2 | | 26 | | 1,280 | | | Other international | 579 | | 723 | | 68 | | 560 | | 4 | | 13 | | 1,947 | | | Total revenues | $ | 5,955 | | $ | 4,282 | | $ | 1,247 | | $ | 3,213 | | $ | 27 | | $ | 75 | | $ | 14,799 | | | 2024 | | | | | | | | | Customer type: | | | | | | | | | Commercial | $ | 4,985 | | $ | 1,490 | | $ | 292 | | $ | 3,482 | | $ | 33 | | $ | 50 | | $ | 10,332 | | | U.S. Government | 299 | | 2,089 | | 949 | | 33 | | — | | — | | 3,370 | | | Total revenues | $ | 5,284 | | $ | 3,579 | | $ | 1,241 | | $ | 3,515 | | $ | 33 | | $ | 50 | | $ | 13,702 | | | Geographic location: | | | | | | | | | United States | $ | 4,019 | | $ | 2,644 | | $ | 1,112 | | $ | 1,865 | | $ | 19 | | $ | 17 | | $ | 9,676 | | | Europe | 371 | | 85 | | 45 | | 693 | | 11 | | 5 | | 1,210 | | | South and Latin America | 336 | | 201 | | 12 | | 306 | | — | | 19 | | 874 | | | Other international | 558 | | 649 | | 72 | | 651 | | 3 | | 9 | | 1,942 | | | Total revenues | $ | 5,284 | | $ | 3,579 | | $ | 1,241 | | $ | 3,515 | | $ | 33 | | $ | 50 | | $ | 13,702 | | | 2023 | | | | | | | | | Customer type: | | | | | | | | | Commercial | $ | 5,155 | | $ | 1,407 | | $ | 282 | | $ | 3,819 | | $ | 32 | | $ | 55 | | $ | 10,750 | | | U.S. Government | 218 | | 1,740 | | 953 | | 22 | | — | | — | | 2,933 | | | Total revenues | $ | 5,373 | | $ | 3,147 | | $ | 1,235 | | $ | 3,841 | | $ | 32 | | $ | 55 | | $ | 13,683 | | | Geographic location: | | | | | | | | | United States | $ | 3,873 | | $ | 2,228 | | $ | 1,103 | | $ | 2,067 | | $ | 17 | | $ | 17 | | $ | 9,305 | | | Europe | 432 | | 149 | | 54 | | 766 | | 11 | | 2 | | 1,414 | | | South and Latin America | 284 | | 224 | | 12 | | 300 | | 1 | | 21 | | 842 | | | Other international | 784 | | 546 | | 66 | | 708 | | 3 | | 15 | | 2,122 | | | Total revenues | $ | 5,373 | | $ | 3,147 | | $ | 1,235 | | $ | 3,841 | | $ | 32 | | $ | 55 | | $ | 13,683 | |
Remaining Performance Obligations Our remaining performance obligations, which is the equivalent of our backlog, represent the expected transaction price allocated to our contracts that we expect to recognize as revenue in future periods when we perform under the contracts. These remaining obligations exclude unexercised contract options and potential orders under ordering-type contracts such as Indefinite Delivery, Indefinite Quantity contracts. At January 3, 2026, we had $18.8 billion in remaining performance obligations of which we expect to recognize revenues of approximately 80% through 2027, an additional 15% through 2029, and the balance thereafter. Contract Assets and Liabilities Assets and liabilities related to our contracts with customers are reported on a contract-by-contract basis at the end of each reporting period. At January 3, 2026 and December 28, 2024, contract assets totaled $451 million and $345 million, respectively, and contract liabilities totaled $2.1 billion and $1.9 billion, respectively, reflecting timing differences between revenues recognized, billings and payments from customers. During 2025, 2024 and 2023, we recognized revenues of $1.2 billion, $1.1 billion and $953 million, respectively, that were included in the contract liability balance at the beginning of each year.
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