v3.26.1
Segment Financial Information (Tables)
 6 Months Ended
Jul. 04, 2026
Segment Reporting [Abstract]  
Reconciliation of Revenues by Segment
Our revenues and expenses by segment are provided below:
(In millions)Textron AviationBellTextron SystemsIndustrialFinanceTotal
Three months ended July 4, 2026
Revenues$1,544 $1,074 $347 $848 $14 $3,827 
Costs and expenses:
Cost of sales1,204 917 267 697 — 3,085 
Research and development costs58 27 10 19 — 114 
Selling and administrative expense117 55 26 73 — 271 
Interest expense, net— — — — 4 4 
Segment profit$165 $75 $44 $59 $10 $353 
Three months ended June 28, 2025
Revenues$1,522 $1,016 $324 $839 $15 $3,716 
Costs and expenses:
Cost of sales1,178 841 244 698 — 2,961 
Research and development costs59 38 16 20 — 133 
Selling and administrative expense115 57 24 67 2 265 
Interest expense, net— — — — 5 5 
Segment profit$170 $80 $40 $54 $8 $352 
Six months ended July 4, 2026
Revenues$3,029 $2,144 $685 $1,634 $30 $7,522 
Costs and expenses:
Cost of sales2,357 1,821 525 1,358 — 6,061 
Research and development costs114 64 19 35 — 232 
Selling and administrative expense239 112 55 142 (1)547 
Interest expense, net— — — — 9 9 
Segment profit$319 $147 $86 $99 $22 $673 
Six months ended June 28, 2025
Revenues$2,738 $1,999 $623 $1,631 $31 $7,022 
Costs and expenses:
Cost of sales2,111 1,644 465 1,376 — 5,596 
Research and development costs119 77 26 34 — 256 
Selling and administrative expense216 108 54 137 4 519 
Interest expense, net— — — — 9 9 
Segment profit$292 $170 $78 $84 $18 $642 
Reconciliation of Segment Profit to Income From Continuing Operations Before Income Taxes
A reconciliation of segment profit to income before income taxes is presented below:
Three Months EndedSix Months Ended
(In millions)July 4,
2026		June 28,
2025		July 4,
2026		June 28,
2025
Segment profit$353 $352 $673 $642 
Unallocated amounts:
Corporate expenses and other, net(42)(42)(89)(95)
Interest expense, net for Manufacturing group(29)(26)(58)(51)
LIFO inventory provision(41)(38)(80)(67)
Intangible asset amortization(7)(8)(15)(16)
Special charges— (4)— (4)
Non-service components of pension and postretirement income, net70 67 140 133 
Income before income taxes$304 $301 $571 $542 
Other Information by Segment
Other information by segment is provided below:
Capital ExpendituresDepreciation and Amortization
Three Months EndedSix Months EndedThree Months EndedSix Months Ended
(In millions)July 4,
2026		June 28,
2025		July 4,
2026		June 28,
2025		July 4,
2026		June 28,
2025		July 4,
2026		June 28,
2025
Textron Aviation$32 $37 $64 $63 $39 $42 $80 $81 
Bell30 18 102 33 24 28 48 50 
Textron Systems16 8 22 13 11 12 23 24 
Industrial16 15 37 25 18 17 35 34 
Corporate1 — 3 — 2 1 4 3 
Total$95 $78 $228 $134 $94 $100 $190 $192 
Our assets by segment are summarized below:
(In millions)July 4,
2026		January 3,
2026
Textron Aviation$5,214 $5,103 
Bell3,445 3,132 
Textron Systems2,251 2,224 
Industrial2,386 2,305 
Finance699 677 
Corporate4,139 4,688 
Total assets$18,134 $18,129