Segment Information (Tables)

9 Months Ended

Oct. 03, 2020

Segment Reporting [Abstract]

Revenues by segment and reconciliation of segment profit income (loss) before income taxes

Our revenues by segment, along with a reconciliation of Segment profit to Income before income taxes, are included in the table below:

​	Three Months Ended				Nine Months Ended
(In millions)	October 3, 2020		September 28, 2019		October 3, 2020		September 28, 2019
Revenues	​		​		​		​
Textron Aviation	$	795	$	1,201	$	2,414	$	3,458
Bell	793		783		2,438		2,293
Textron Systems	302		311		956		926
Industrial	832		950		2,134		2,871
Finance	13		14		42		47
Total revenues	$	2,735	$	3,259	$	7,984	$	9,595
Segment Profit
Textron Aviation	$	(29)	$	104	$	(92)	$	315
Bell	119		110		352		317
Textron Systems	40		31		103		108
Industrial	58		47		56		173
Finance	1		5		8		17
Segment profit	189		297		427		930
Corporate expenses and other, net	(28)		(17)		(72)		(88)
Interest expense, net for Manufacturing group	(38)		(39)		(109)		(110)
Special charges	(7)		—		(124)		—
Inventory charge*	—		—		(55)		—
Income before income taxes	$	116	$	241	$	67	$	732

* In connection with the restructuring plan initiated in the second quarter of 2020, we ceased manufacturing at the Montreal facility of the TRU Simulation + Training business, resulting in the production suspension of our commercial air transport simulators. As a result of this action and current market conditions, we recorded a $55 million charge to write-down the related inventory to its net realizable value.